Material Fact

São Paulo, August 17, 2016. Contax Participações S.A. ("Contax" or "Company"; CTAX3), pursuant to Article 157, Paragraph 4, of Law 6404/76 ("Brazilian Corporations Law") and CVM Instruction No. 358/02, announces to its shareholders, investors and the market in general, that a judicial decision was rendered on this date in the records of Case No. 1023969-62.2016.8.26.0100 by the 28th Civil Court of Justice the State of São Paulo, revoking the previously granted urgent relief, as disclosed in the material fact of March 16, 2016, having thus reconsidered its decision.

Contax will keep its shareholders, investors and the market in general updated on the progress of the matter.

Cristiane Barretto Sales
CFO and Investor Relations Officer