Shareholder Structure after Ratification of the Capital Increase

Shareholder

Common Shares

%

Preferred Shares (including preferred shares underlying ADSs)

%

Total

%

Controlling Shareholders:

524,712,213,728

94.90%

515,084,066,790

50.02%

1,039,796,280,518

65.70%

Brasilcel

432,599,784,676

78.24%

515,079,458,274

50.02%

947,679,242,950

59.88%

Portelcom Participações S.A.

92,112,429,052

16.66%

4,608,516

0.00%

92,117,037,568

5.82%

Other Shareholders

28,184,717,426

5.10%

514,582,528,859

49.98%

542,767,246,285

34.30%

TOTAL

552,896,931,154

100.00%

1,029,666,595,649

100.00%

1,582,563,526,803

100.00%