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Cancellation of equity of OTELOE

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11/0086

NOTICE N.º 0086/11

We hereby inform that, on 17th January, 2011 and by indication of the Issuer, one has cancelled the 1.000.000.000 bonds, regarding the issue "OT 4,35% - 16 Outubro 2017", registered in the Securities Central under code OTELOE (total amount in circulation: 608.282.200.000).

INTERBOLSA, 17th January, 2011