Cancellation of equity of OTEWOE

Date

13/07/2006

Notice Number

06/0680

NOTICE N.º 0680/06

We hereby inform that, on 13^th July, 2006 and by indication of the Issuer, one has cancelled the 15.000.000.000 ordinary bonds, regarding the issue "OT 3% Julho 2006", registered in the Securities Central under code OTEWOE (total amount in circulation: 352.148.200.000).

INTERBOLSA, 13^th July, 2006