Material Fact – CFO Resign

Material Fact

São Paulo, January 25, 2016. Contax Participações SA (“Contax” or “Company”; CTAX11; CTAX3 and CTAX4), pursuant to Article 157, paragraph 4, of Law 6404, of December 15, 1976 (“Brazilian Corporation Law”) and CVM Instruction 358/02, hereby informs its shareholders, investors and the market in general that its Chief Financial and Investor Relations Officer, José Roberto Beraldo, informed the Company that he will leave the Company later this month to take on new challenges.

Due to his departure, José Roberto Beraldo’s activities will be temporarily assumed by the Treasury and Investor Relations Officer, Daniel de Andrade Gomes.

The Board thanks Mr. Beraldo for his dedication during his time in office.

Fernando Antônio Pimentel de Melo
Chairman of the Board of Directors