News

Material Fact

São Paulo, March 23, 2017. Contax Participações S.A. ("Company"; CTAX3), in accordance with article 157, paragraph 4, of Law 6,404/1976, and CVM Instruction 358/2002, hereby informs its shareholders, investors and the market in general that, despite the evolution of the operating results disclosed on March 15, 2017, considering: (i) the current macroeconomic scenario; (ii) less resource input arising from the sale of Allus; (iii) the lack of demand in the capital increase offering held in 2016 and (iv) the judicial reorganization of one of its main clients, the Company has evaluated, preemptively, alternatives to strengthen its capital structure, including, but not limited to, discussions with its main creditors.

The Company will keep its shareholders, investors and the market in general informed on the topics of this material fact.

Cristiane Barretto Sales
Chief Financial and Investor Relations Officer