Material Fact – Compliance with the Conditions of Effectiveness

Material Fact

Compliance with the Conditions of Effectiveness

São Paulo, March 15, 2016. Contax Participações S.A. (“Contax” or “Company”; CTAX11; CTAX3 and CTAX4), pursuant to Article 157, paragraph 4 of Law 6404 and CVM Instruction 358/02, as amended, hereby informs its shareholders, investors and the market in general that, complementing the Material Facts of January 19, 2016, February 3, 2016, February 4, 2016, February 24, 2016 and March 11, 2016, on this date, all the conditions of effectiveness to roll over the Company‘s financial debt have been complied with. Additionally, the debenture holders and other creditors of the Company‘s financial debt ratified authorization for the sale, by the Company, of Divisão Allus (which condenses the operations carried out by the Company in Argentina, Peru, Colombia and Spain), into one or more operations, to include all or part of the companies that currently comprise Divisão Allus, as long as the Company uses part of the proceeds received from these operations to amortize and/or partially settle its financial debt.

The Company would like to thank the support received from all of its creditors, who made it possible for the Company to achieve the broad consensus required to roll over its financial debt.

Daniel de Andrade Gomes
CFO and Investor Relations Officer