Oi - Investor Relations Mobile | Notice to the Market - Sale of Material Equity Interest - Goldman Sachs

Oi S.A. - In Judicial Reorganization
CNPJ/MF N° 76.535.764/0001-43
NIRE 33.30029520-8
Publicly-Held Company

NOTICE TO THE MARKET

Oi S.A. - In Judicial Reorganization, pursuant to Article 12 of CVM Instruction No. 358/02, announces that it has received, on this date, correspondence from Goldman Sachs & Co. LLC. and Goldman Sachs International, with the following information:

"To

Oi S.A. - In Judicial Reorganization

CNPJ/MF No. 76.535.764/0001-43

Attn.: Sr. Carlos Augusto Machado Pereira de Almeida Brandão

Chief Financial Officer and Investor Relations Officer

Rua Humberto de Campos,

425 - 8° andar. Leblon - Rio de Janeiro,

RJ, Brazil - 22430-190

Ref.: Disposition/Acquisition of Shares

Dear Sir or Madam,

Goldman Sachs & Co. LLC ("Goldman Sachs"), a New York limited liability company, registered as a broker-dealer and as an investment adviser pursuant to the laws of the United States Securities and Exchange Commission, and a subsidiary of The Goldman Sachs Group, Inc. and enrolled with the C.N.P.J. under No. CNPJ 05.987.216/0001-06, by its undersigned legal representative, in fulfillment of the obligation set forth in article 12, caput and §4, of CVM Normative Ruling No. 358, dated January 3, 2002, as amended ("CVM 358"), hereby informs you that on July 2, 2018, Goldman Sachs together with its affiliate Goldman Sachs International (collectively, the "Goldman Entities"), a subsidiary of The Goldman Sachs Group, Inc. and enrolled with the C.N.P.J. under No. 05.479.103/0001-08 ("GSI"), entered into transactions that resulted in a derivative cash settlement position equivalent to 30,581,120 (thirty million, five-hundred eighty-one thousand, and one-hundred twenty) common shares issued by Oi S.A. - In Judicial Reorganization (the "Company"), or 4.58% (four point fifty-eight percent) of the common shares of the Company.

Detailed position below:

This is a minority investment that does not involve a change in the composition of corporate control or a change in the management structure of the Company. Currently, the Goldman Entities do not target any quantity of the Company’s shares. Other than as disclosed herein, there are no convertible debentures already held, directly or indirectly, by the Goldman Entities, nor any agreement or contract regulating voting rights or the purchase and sale of securities issued by the Company, to which the Goldman Entities are a party.

In accordance with article 12, § 6° of CVM 358, we request the Investor Relations Officer to kindly take the necessary provisions for the immediate transmission of the information contained herein to CVM and to BM&FBOVESPA.

We remain at your disposal should you need any further clarification of this matter. With respect to the subject of this letter, you may contact Fernando Rosas, telephone (55 11) 3372-0107, e-mail fernando.rosas@gs.com, with offices at Rua Leopoldo Couto de Magalhães Jr., n° 700, 16th floor, Itaim Bibi, São Paulo, SP, Brasil.

Sincerely,

July 05, 2018

Goldman Sachs & Co. LLC

_______________________________

Yvette Kosic

Vice President

Goldman Sachs International

_______________________________

Yvette Kosic

Vice President"

Rio de Janeiro, July 05, 2018.

Oi S.A. - In Judicial Reorganization
Carlos Augusto Machado Pereira de Almeida Brandão
Chief Financial Officer and Investor Relations Officer

Click here for the Notice to the Market in pdf file.


Last Update: July 05, 2018

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