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Cancellation of equity of OTEXOE

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07/0048

NOTICE N.º 0048/07

We hereby inform that, on 16th January, 2007 and by indication of the Issuer, one has cancelled the 24.300.000.000 ordinary bonds, regarding the issue "OT 4,875% 17 Agosto 2007", registered in the Securities Central under code OTEXOE (total amount in circulation: 443.700.000.000).

INTERBOLSA, 16th January, 2007