Material Fact

São Paulo, February 4, 2016. Contax Participações S.A. ("Contax" or "Company"; CTAX11; CTAX3 and CTAX4), pursuant to Article 157, paragraph 4 of Law 6404, of December 15, 1976, and CVM Instruction 358/02, hereby informs its shareholders, investors and the market in general, complementing the Material Facts published on January 19, 2016 and February 3, 2016, that on this date, except for obtaining the extension of a letter of guarantee, the effectiveness conditions to extend the Company’s debt profile were complied with and/or the Company was informed by the creditors that they agree with the terms and conditions for compliance with the effectiveness conditions, which is why the Company will call new meetings of holders of 1st, 2nd and 3rd issue debentures to resolve on the extension of the term to verify the effectiveness conditions.

The Company will maintain its shareholders, investors and the market in general informed about the events related to matters in this material fact.

Daniel de Andrade Gomes
CFO and Investor Relations Officer