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Cancellation of equity of OTECOE

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08/1241

NOTICE N.º 1241/08

We hereby inform that, on 24th November, 2008 and by indication of the Issuer, one has cancelled the 12.100.000.000 ordinary bonds, regarding the issue "OT 3,95% Julho 2009", registered in the Securities Central under code OTECOE (total amount in circulation: 587.900.000.100).

INTERBOLSA, 24th November, 2008