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Cancellation of equity of OTEJOE

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10/1051

NOTICE N.º 1051/10

We hereby inform that, on 19th August, 2010 and by indication of the Issuer, one has cancelled the 7.500.000.000 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, 19th August, 2010