Cancellation of equity of OTEJOE

Date

20/05/2010

Notice Number

10/0593

NOTICE N.º 0593/10

We hereby inform that, on 20^th May, 2010 and by indication of the Issuer, one has cancelled the 11.800.000.000 bonds, regarding the issue "OT 5,15% - 15 Junho 2011", registered in the Securities Central under code OTEJOE (total amount in circulation: 495.756.000.000).

INTERBOLSA, 20^th May, 2010