Oi S.A. (the "Company") informs its Shareholders and the market in general that, in accordance with the decisions made at the Ordinary and Extraordinary Shareholders’ Meetings, both held on March 21, 2013, it will:
(i) on March 28, 2013, make payments in connection with dividends declared for the fiscal year ended 2012, in the total amount of R$837,543,395.43 (eight hundred and thirty-seven million, five hundred and forty-three thousand, three hundred and ninety-five reais and three centavos), equivalent to R$0.510688584430 per common and preferred share, through Banco do Brasil S.A. ("Banco do Brasil"); and
(ii) on April 1, 2013, make payments in connection with the redemption of the class B and C preferred shares issued and distributed to holders of its common and preferred shares, in the total amount of R$162,456,604.57 (one hundred and sixty-two million, four hundred and fifty-six thousand, six hundred and four reais and fifty-seven centavos), equivalent to R$0.099057235567 per common and preferred share, through Banco do Brasil.
I. Positions credited: The dividends and redemption of distributed shares will be paid to persons who held shares as of March 21, 2013. Beginning on March 22, 2013, all shares will be traded ex-dividends and ex-distribution.