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Cancellation of equity of OTEJOE

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11/0095

NOTICE N.º 0095/11

We hereby inform that, on 18th January, 2011 and by indication of the Issuer, one has cancelled the 300.000.000 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, 18th January, 2011