Cancellation of equity of OTEWOE

Date

27/03/2006

Notice Number

06/0284

NOTICE N.º 0284/06

We hereby inform that, on 27^th March, 2006 and by indication of the Issuer, one has cancelled the 11.500.000.000 ordinary bonds, regarding the issue "OT 3% Julho 2006", registered in the Securities Central under code OTEWOE (total amount in circulation: 372.848.200.000).

INTERBOLSA, 27^th March, 2006