Cancellation of equity of OTEXOE

Date

23/10/2006

Notice Number

06/0981

NOTICE N.º 0981/06

We hereby inform that, on 23^th October, 2006 and by indication of the Issuer, one has cancelled the 39.500.000.000 ordinary bonds, regarding the issue "OT 4,875% 17 Agosto 2007", registered in the Securities Central under code OTEXOE (total amount in circulation: 479.200.000.000).

INTERBOLSA, 23^th October, 2006