Cancellation of equity of OTEFOE

Date

05/04/2006

Notice Number

06/0329

NOTICE N.º 0329/06

We hereby inform that, on 4^th April, 2006 and by indication of the Issuer, one has cancelled the 450.000.000 ordinary bonds, regarding the issue "OT 6.625% Fevereiro 2007", registered in the Securities Central under code OTEFOE (total amount in circulation: 206.550.704.939).

INTERBOLSA, 5^th April, 2006