Material Fact – Decision of the Debentures´ Holders Meetings

MATERIAL FACT

São Paulo, December 12, 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, investors 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, 12, 14, 21, 22 and 30 2017, September 13, 14 and 28, 2017, October 17, 2017 and November 1 and 14, 2017, that, given the non-compliance with the effectiveness conditions of the amendments to the debenture issue indentures of the Company’s 1st and 3rd debenture issues and the 1st debenture issue of CTX Participações S.A. (whose obligations were assumed by the Company) approved by the debenture holders of those issues at the debenture holders’ meetings held on August 21 and 22, 2017 which approved the terms and conditions of the Company’s debt renegotiation, as per the material facts disclosed by the Company on those dates, the debentures holders of said issues approved, at the debentures holders’ meetings held on this date, (i) the postponement of the remuneration payments of the debentures under these issues, from December 15, 2017 to January 15, 2018, without changing the other terms and conditions of said debentures approved within the scope of the Renegotiation; and (ii) the waiver of the maintenance, by the Company, of the financial ratios set forth in said issues indentures, solely for the fourth quarter of 2017.

In addition, the debenture holders of the Company’s 4th issue of subordinated debentures approved, at the debenture holders’ meeting held on this date, the waiver of the maintenance, by the Company, of the financial ratios set forth in said issue indenture, solely for the fourth quarter of 2017.

The Company continues with the object of achieving the implementation of the conditions of effectiveness of the Renegotiation in the shortest possible time and will maintain its shareholders, investors and the market in general informed about the matters of this material fact.

Cristiane Barretto Sales
Chief Financial and Investor Relations Officer