Call Notice

Extraordinary Shareholders‘ Meeting

The Board of Directors of CONTAX PARTICIPAÇÕES S.A. ("Company") hereby invites the Company’s shareholders to attend an Extraordinary Shareholders’ Meeting to be held at 10:00 a.m. on December 29, 2015 at the Company’s headquarters, located at Avenida Paulista, nº 407, 8º andar, São Paulo/SP, in order to resolve on the following agenda:

(i) Suspension of payment, in the current fiscal year, of the dividends declared by the Company’s Annual Shareholders’ Meeting of April 30, 2015, in the amount of twenty-four million, one hundred and sixty-one thousand, five hundred and thirty-nine reais and ninety-one centavos (R$24,161,539.91), given the substantial change in the Company’s financial situation since the date of said declaration.


1. The documentation related to the matters on the Agenda is at the disposal of the Shareholders at the Company’s headquarters and on its website (, as well as on the website of the Brazilian Securities and Exchange Commission - CVM (

2. In order to expedite the registration process of the Shareholders attending the Meeting, we request that any Shareholder who wishes to be represented by a proxy to deposit the respective proxy instrument, with special powers, at least two business days prior to the meeting, accompanied by a copy of the corporate acts and/or documents attesting to the representation of said Shareholder, if a legal entity, at Avenida Paulista, nº 407, 8º andar, São Paulo/SP between 9:00 a.m. and 12:00 p.m. and 2:00 p.m. and 6:00 p.m., care of the Legal Department.

3. Shareholders whose shares are held in fungible custody by the Stock Exchanges who wish to participate in the Meeting should present a statement of their respective shareholdings issued by the custodian at least two business days prior to the meeting.

São Paulo, December 12, 2015.

Fernando Antonio Pimentel de Melo
Chairman of the Board of Directors