| 1 | Appoint Independent Firm to Prepare Valuation Reports Re: Telemar Participacoes S.A. (TmarPart) and Oi S.A. | For |
| 2 | Approve Independent Firm's Appraisals | For |
| 3 | Approve the Tender offer to absorb Telemar | For |
| 4 | Approve Absorption of Telemar Participacoes S.A. | For |
| 5 | Amend Articles | For |
| 6 | Approve Conversion of Preferred Shares into Common Shares | For |
| 7 | Authorize Board to Implement the Conversion of Preferred Shares into Common Shares | For |
| 8 | Elect Directors | Oppose |
| 9 | Authorize Board to Ratify and Execute Approved Resolutions | For |
| 10 | Amend Article 5 | For |
