Material Fact – Decision of the Debenture Holders´ Meeting

Material Fact

São Paulo, August 14, 2017. Contax Participações S.A. (“Company”; CTAX3), in accordance with article 157, paragraph 4, of Law 6404/1976 and CVM Instruction 358/2002, hereby informs its shareholders and the market in general, in complement to the material facts disclosed by the Company on March 23, 2017, May 19, 2017, June 5, 14, 19, 24 and 28, 2017, July 6, 10 and 28, 2017 and August 5, 8, 9 and 12, 2017, that, today, the Company resumed the debenture holders’ meetings related to the Company‘s 1st and 3rd debenture issues, which approved the main terms and conditions for the extending the Company‘s debt profile represented by the debentures, substantially under the terms of the Company‘s management‘s complementary proposals for said issues published on August 9, 2017 and summarized in the material fact disclosed by the Company on the same date (“Complementary Proposals” and “DHMs”, respectively), including (i) the change of the final maturity of said debentures to August 15, 2030; (ii) a two-year grace period for the payment of interest; and (iii) a three-year grace period for the payment of the principal amount. Subsequently, said DHMs were suspended and will resume on August 21, 2017 to approve the amendments to the respective issue indentures which will include the details of the Debt Extension (as defined below), whose signature is a condition of effectiveness for said approvals. Scheduled for the same date are the debenture holders’ meetings of the Company‘s 1st and 3rd debenture issues to resolve on the possibility of the granting, by the Company and/or its subsidiaries, of a fiduciary guarantee or pledge of certain assets, rights or goods owned by the Company and/or its subsidiaries, in favor of the debenture holders under these issues of the Company, which will be shared with the other financial creditors of the Company and its subsidiaries, pursuant to the call notices and management proposals disclosed by Company and available on its website (http://ri.contax.com.br) (“Shared Guarantees”).

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Cristiane Barretto Sales
Chief Financial and Investor Relations Officer