News

Material Fact

São Paulo, February 24, 2016 - Contax Partictipações S.A. ( "Contax" or "Company"; CTAX11; CTAX3 and CTAX4), pursuant to Article 157, paragraph 4, of Law No. 6404, from 12.15.1976, and to CVM Instruction 358/02, as amended, hereby announces to its shareholders, investors and the market in general, complementing the Material Facts disclosed on January 19, 2016, February 3, 2016 and February 4, 2016, that, on this date, the general meetings of debenture holders of the 1st, 2nd and 3rd issues of the Company‘s debentures were held.

The debenture holders of the 1st and 3rd issues approved the extension of the deadline for the performance conditions‘ fulfillment related to the reprofiling of the Company‘s indebtedness, considering being pending only the formalization of certain definitive instruments with lenders who have indicated to the Company their agreement with the terms and conditions of the Company‘s indebtedness reprofiling.

The debenture holders of the 2nd issue suspended the meeting of debenture holders of the 2nd issue, which will be reopen on March 11, 2016 specifically for the ratification of the final documents and the full effectiveness of the Company‘s indebtedness reprofiling.

The Company appreciates the support given by all its creditors, which allowed us to achieve the broad consensus required.

The Company will keep its shareholders, investors and the market in general informed on developments related to matters subject of this material fact.

Daniel de Andrade Gomes
CFO and Investor Relations Officer