News

Material Fact

Pursuant to Article 157, paragraph 4, of Law 6404 of December 15, 1976 and CVM Instruction 358/02, Contax Participações S.A. ("Contax" or "Company"; CTAX11; CTAX3 and CTAX4) hereby informs its shareholders, investors and the market in general that it will initiate a process to sell its "Allus" division, with operations in Argentina, Peru and Colombia.

Allus registered revenue of R$414.3MM in the first half of 2015, up 32% over the same period last year (~21% in local currency), and EBITDA growth of 27% p.a. (~18% in local currency), currently with approximately 21,500 employees.

The Company‘s management believes that the present moment represents an opportunity to capture value through the sale of its international operations that are not impacted by the economic situation in Brazil. The sale will substantially improve the Company‘s capital structure and reduce its debt, focusing all of its efforts and attention on performance in its core market in Brazil.

The Company plans to complete the transaction in the first quarter of 2016. All the actions required for the implementation of the transaction will be subject to corporate approvals and will be communicated to the market in a timely fashion, in accordance with applicable law.

To access the pdf file, please, click here.

São Paulo, August 31, 2015.

José Roberto Beraldo
Chief Financial and Investor Relations Officer
Contax Participações S.A.

IR Contacts:
Tel.: +55 (11) 3131-5136 or +55 (11) 3131-1763
E-mail: ri@contax.com.br
Website: www.contax.com.br/ir