News

Material Fact

São Paulo, June 10, 2016. Contax Participações S.A. ("Company"; CTAX3), pursuant to Article 157, Paragraph 4, of Law 6404 of December 15, 1976, as amended and in force ("Brazilian Corporations Law"), and to CVM Instruction No. 358 of January 03, 2002, as amended and in force, and complementing the Material Fact disclosed by the Company on August 31, 2015, hereby informs the public in general that today was signed an Agreement for the Purchase and Sale of Shares ("Agreement") between the Contax-Mobitel S.A. ("Contax-Mobitel"), wholly owned subsidiary of the Company, as Seller, and Grupo Konectanet, S.L. ("Konecta"), as Buyer, through which was agreed upon the sale of the "Allus" division to Konecta, with operations in Colombia, Argentina and Peru, overseen by its subsidiaries ("Transaction").

Allus presented a revenue of R$221.7 million in the first quarter of 2016 and currently has about 22,300 employees.

The overall amount of the assessment (Enterprise Value) of Allus is of US$192 million and the payment of the purchase price is expected for the third quarter of 2016. The closing of this Transaction is subject to the fulfillment of certain precedent conditions set forth in the Agreement, including the approval of the Transaction by the competition defense agencies in Colombia.

In the interest of its shareholders and in line with the best corporate governance practices, the Company will keep the market timely updated on any information related to the progress of the Transaction.

CONTAX PARTICIPAÇÕES S.A.

Cristiane Barretto Sales
Chief Financial and Investor Relations Officer

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