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Material Fact
Stock Purchase Agreement (Venecia SP Participações S.A.)

Rio de Janeiro, November 30, 2011 - Pursuant to CVM Instruction 358 of January 3, 2002, CONTAX PARTICIPAÇÕES S.A., a publicly-held company with headquarters at Rua do Passeio 56, 16º andar, Rio de Janeiro - RJ, inscribed in the corporate roll of taxpayers (CNPJ/MF) under no. 04.032.433/0001-80 (“Company”), hereby informs its shareholders and the market in general that, on this date, it entered into a Stock Purchase Agreement via its subsidiary Mobitel S.A., establishing the terms and conditions for the sale of all its shares in VENECIA SP PARTICIPAÇÕES S.A. (“Venecia”) to A2PAR-A2 PARTICIPAÇÕES LTDA. for R$85 million, subject to adjustments based on the terms and conditions of said Stock Purchase Agreement.

The conclusion of the transaction, with the effective transfer of the shares, is subject to the implementation of certain conditions precedent envisaged in the Stock Purchase Agreement, including the transfer of the assets and operations of the clients Vivo and Telefonica to Venecia, as well as approval of the transaction by the Company’s Board of Directors and a Mobitel S.A. Shareholders’ Meeting.

Marco Norci Schroeder
Investor Relations Officer
Contax Participações S.A.

To see the PDF version of the Material Fact, click here.