Cancellation of equity of OTEWOE

Date

14/03/2006

Notice Number

06/0232

NOTICE N.º 0232/06

We hereby inform that, on 13^th March, 2006 and by indication of the Issuer, one has cancelled the 9.300.000.000 ordinary bonds, regarding the issue "OT 3% Julho 2006", registered in the Securities Central under code OTEWOE (total amount in circulation: 384.348.200.000).

INTERBOLSA, 14^th March, 2006