ATMA - Investor Relations

Material Fact – Sale of Division Allus

Material Fact

São Paulo, September 9, 2016. Contax Participações S.A. (“Contax” or “Company”; BM&FBovespa: CTAX3), pursuant to Article 157, Paragraph 4 of Law 6404/76 (“Brazilian Corporation Law”), as amended and in effect, and CVM Instruction 358/02, as amended and in effect, and complementing the Material Facts disclosed by the Company on August 31, 2015 and June 10, 2016, hereby informs the public in general that, on this date, it concluded the sale of the “Allus” Division, with operations in Colombia, Argentina, Peru and Spain, to Grupo Konectanet, S.L. (“Konecta”), following implementation of the conditions precedent established by the Share Purchase Agreement (“Agreement”) entered into on June 10, 2016.

Allus’ enterprise value was US$192.0 million, as disclosed in the Material Fact of June 10, 2016, subsequently adjusted for the debt of the Colombian company and other liabilities and contingencies. The transaction was settled on this date through payment of US$140.4 million by Konecta to the Company. The proceeds will be converted to reais and used to: (i) pay the expenses related to the Allus sale; (ii) reinforce the Company’s cash position; and (iii) prepay part of the Company’s debt, in accordance with the commitments assumed within the scope of the Reprofiling in the first quarter of 2016.

Cristiane Barretto Sales

Chief Financial and Investor Relations Officer

IR Contacts

Tel.: (11) 3131-5136 ou (11) 3131-1763