Oi S.A. - MATERIAL FACT: Revocation of Suspension of Public Offering

     Oi S.A. - MATERIAL FACT: Revocation of Suspension of Public Offering

PR Newswire

RIO DE JANEIRO, April 1, 2014

RIO DE JANEIRO, April 1, 2014 /PRNewswire/ -- Oi S.A. ("Oi" or the "Company",
BM&FBOVESPA: OIBR3, OIBR4; NYSE: OIBR and OIBR.C), in compliance with article
157, paragraph 4 of Law No. 6,404/76 and CVM Instruction No. 358/02 and, in
addition to the Material Fact dated as of March 27, 2014, notifies its
shareholders and the market in general that as of the date hereof, Oi received
the Official Letter No. 153/2014 from the Brazilian Securities Commission
(Comissao de Valores Mobiliarios – CVM) ("CVM"), whereby the CVM informed Oi
of the revocation of the suspension of Oi's public offering, whose request for
registration is under review by the CVM (the "Offering").

Given the CVM's decision to revoke the suspension, the Company discloses that
it will resume the Offering and will maintain the market promptly informed.

Bayard De Paoli Gontijo

Chief Financial Officer and Investor Relations Officer

SOURCE Oi S.A.

Contact: Patricia Frajhof, +55 11 3131-1315, patricia.frajhof@oi.net.br
 
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