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Yes ______ No ___X___

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the Registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

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GAFISA S.A.

CNPJ/MF n° 01.545.826/0001-07

NIRE 35.300.147.952

Publicly-Held Company

Minutes of the Board of Officers’ Meeting held on October 28, 2010

1. Date, Time and Place: On October 28, 2010, at 11 a.m., by conference call, at the headquarters of Gafisa S.A. (“Company”), located in the city of São Paulo, State of São Paulo, at Av. das Nações Unidas, 8,501, 19^th floor.

2. Call Notice and Attendance: Call notice dismissed due to the presence of all Executive Officers, instatement and approval quora having been verified.

3. Presiding Board: Chairman: Wilson Amaral de Oliveira. Secretary: Renata de Carvalho Fidale.

4. Resolutions: The Executive Officers attending the meeting unanimously and with no restrictions decided to authorize the opening of a branch located at Avenida Assis de Vasconcelos 515-C, Térreo, Campina, ZIP CODE 66017-070, in the City of Belém, State of Pará.

5. Closing: With no further matters to be discussed, these minutes were prepared, approved and signed by all the Executive Officers. Signatures: Wilson Amaral de Oliveira (Chairman), Renata de Carvalho Fidale (Secretary); Executive Officers: Wilson Amaral de Oliveira, Alceu Duilio Calciolari, Odair Garcia Senra, Mário Rocha Neto e Antonio Carlos Ferreira Rosa.

I hereby certify that this is a true copy of the minutes drawn on the respective corporate book.

Renata de Carvalho Fidale

Secretary