Notice to ADS Holders - Rights Offer
(World News Brazil)

Oi S.A. - In Judicial Reorganization CNPJ/MF Nº 76.535.764/0001-43 NIRE 33.30029520-8 Publicly-Held Company Oi SA - In Judicial Reorganization (`Oi` or `Company`) (NYSE:OIBR.C; OTC: OIBRQ), pursuant to Section 3.1.4 and Section 6 of Judicial Reorganization Plan of Oi and its subsidiaries approved in the General Creditors Meeting and confirmed by the Judicial Reorganization Court, and in accordance with the provisions set forth in article 157, paragraph 4 of Law No. 6,404/76 and with CVM Instruction No. 358/02, hereby informs its shareholders and the market in general that, on this date, the Company announced the conditions to the Company`s preemptive rights offer (the `Rights Offer`). The...