Material Fact - Approval of basic conditions for adjustments to the Judicial Reorganization Plan
(World News Brazil)

Oi S.A. - In Judicial Reorganization Corporate Taxpayers` Registry (CNPJ/MF) No. 76.535.764/0001-43 Board of Trade (NIRE) No. 33.3.0029520-8 Publicly-Held Company MATERIAL FACT Approval of basic conditions for adjustments to the Judicial Reorganization Plan Oi S.A. - In Judicial Reorganization ("Oi" or "Company"), in accordance with Article 157, paragraph 4 of Law No. 6,404/76 and pursuant to CVM Instruction No. 358/02, informs its shareholders and the market in general that, during a meeting held on this date, the Board of Directors of the Company approved the basic financial conditions contained in the Exhibit to this Material Fact as adjustments to the Oi Companies`...