Embratel acquires Net Serviços in Brazil

SÃO PAULO — Net Serviços de Comunicação S.A. (“NET”) hereby informs the public, in accordance with the terms of paragraph 4 of article 157 of Law 6404/76 and Instruction 358/02 issued by the Brazilian Securities and Exchange Commission (“CVM”), that Embratel Participações S.A. (“Embrapar”) issued a statement of material fact on November 27, 2013 announcing that Empresa Brasileira de Telecomunicações S.A. – Embratel (“Embratel”), in the auction for the unified offer to purchase common shares and preferred shares (the “Offer”) issued by NET, acquired 13,675,932 of NET’s shares, corresponding to 83.62% of the total amount of NET’s outstanding shares not held by the Offerors or their affiliates, including: (a) 10,219,622 common shares, corresponding to 93.48% of the total amount of NET’s outstanding common shares not held by the Offerors or their affiliates, and (b) 3,456,310 preferred shares, corresponding to 63.73% of the total amount of NET’s outstanding preferred shares not held by the Offerors or their affiliates.

As a result of the Offer, Embrapar and Embratel together will, directly or through their subsidiaries, hold 329,793,729 of NET’s shares, corresponding to 96.16% of its total share capital, including: (a) 103,256,971 common shares, corresponding to 90.21% of its voting share capital; and (b) 226,536,758 preferred shares, corresponding to 99.14% of its non-voting shares.