Cancellation of equity of OTEJOE

Date

07/07/2010

Notice Number

10/0842

NOTICE N.º 0842/10

We hereby inform that, on 7^th July, 2010 and by indication of the Issuer, one has cancelled the 13.400.000.000 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, 7^th July, 2010