Material Fact – High Court of Justice Decision

Material Fact

São Paulo, August 16, 2016. Contax Participações S.A. (“Contax” or “Company”; CTAX3), pursuant to Article 157, Paragraph 4, of Law 6404/76 (“Brazilian Corporations Law”) and CVM Instruction No. 358/02, announces to its shareholders, investors and the market in general, that a judicial decision was rendered in the records of the Conflict of Jurisdiction No. 146883/SP underway before the Supreme Court temporarily maintaining the effects of the interim relief previously granted by the judge of the 28th Civil Court of São Paulo, as per the material fact published on March 16, 2016, in the lawsuit discussing the contractual disagreements of the CEO Mr. Nelson Armbrust with his former employer, Grupo Atento.

The decision by the Supreme Court is temporary and is subject to re-examination at the Conflict of Jurisdiction‘s trial. The Company will continue taking all necessary measures.

Contax will keep its shareholders, investors and the market in general updated on the progress of the matter.

Cristiane Barretto Sales
CFO and Investor Relations Officer