Telmex

Voluntary Public Tender Offer's Home

This page and its content are intended for holders of shares of Embratel Participações S.A. – Embrapar (ticker: EBTP3 and EBTP4). Holders of ADSs of Embrapar should consult the tender offer materials filed by Telmex with the U.S. Securities and Exchange Commission at www.sec.gov.

This present public offering was prepared in accordance with provisions of the ANBID´s (Brazilian Association of Investment Banks and Securities Dealers) Self-Regulation Code for Public Offering of Marketable Securities registered with the 4th Civil Registry of Legal Entities of the City of São Paulo, State of São Paulo, under No. 510718, and complies with the minimum standards of information contained therein. ANBID undertakes no liability or responsibility for the referred information, the quality of the Issuer, the Participant Institutions and the marketable securities, purpose of the offering.

How do I find out if I own shares pursuant to the Expansion

Plan?

What happened to the Telebrás System?

Telebrás was a holding company controlled by the federal government with interests in various telecommunications companies in Brazil. In May 1998 Telebrás was broken up into 12 holding companies, each responsible for some of Telebrás' ownership interest. Embratel Participações S.A. (Embrapar) is one of these 12, with a controlling interest in Empresa Brasileira de Telecomunicações S.A - Embratel. The government sold its controlling stake in Embrapar in a privatization auction in July 1998.

What happened to the shareholders of Telebrás?

The former Telebrás shareholders became shareholders of each of the 12 holding companies with precisely the same number of shares as the number of Telebrás shares they previously held. For instance, a holder of 1,000 Telebrás shares became a holder or 1,000 shares of Embratel Participações and 1,000 shares in each of the remaining holding companies.

Subscribers who bought a telephone line through a local telecoms operator as part of the 1975-1995 Expansion Plans may have been entitled to shares in the former Telebrás.

How to proceed if you believe you might be a shareholder of the former Telebrás?

Please present the documents listed below and the documents related to the acquisition of your expansion plan between 1975 and 1995 to Banco Itaú:

Individuals: Original or certified copies of the Identity Card (RG), Individual Taxpayer's Registry Card (CPF) and proof of residence.

Legal entities: original or certified copies of the documents granting powers of representation (including corporate documentation, the National Registry of Legal Entities' card (CNPJ) and the personal documents listed above for individuals who are authorized to act on behalf of the entity, as the case may be).

The following services are provided at any Banco Itaú branch, free of charge for shareholders: (i) updating of registration data; and (ii) statement of shareholder's status, when you are duly registered.

Banco Itaú's Contact Phone Number:
(55 11) 5029-7780

Addresses and Contacts at the specialized branches

BRASÍLIA
Contact: Constancia Maria S de Oliveira
SCS Quadra 3 – Edifício D'Angela, 30, Bloco A, Sobreloja
CEP 70300-500
Centro - Brasília/DF
61 3316 4850

BELO HORIZONTE
Contact: Jussara Maria Miranda de Souza
Avenida João Pinheiro, 195, Subsolo
Centro - Belo Horizonte/MG
CEP 30130-180
31 3249 3524

CURITIBA
Contact: Márcia Regina de N. Machado
Rua João Negrão, 65, Sobreloja
Centro - Curitiba/PR
CEP 80010-200
41 3320 4128

PORTO ALEGRE
Contact: Sandra Ferreira da Silva
Rua Sete de Setembro, 746, Térreo
Centro - Porto Alegre/RS
CEP 90010-190
51 3210 9150

RIO JANEIRO
Contact: Mônica Lopes Carvalho Rodrigues
Rua Sete de Setembro, 99, Subsolo
Centro - Rio de Janeiro/RJ
CEP 20050-005
21 2508 8086

SÃO PAULO
Rua Boa Vista, 176, 1º Subsolo
Centro - São Paulo/SP
CEP 01092-900
11 5029 7780

SALVADOR
Contact: Watson Carlos Passos Barreto
Avenida Estados Unidos, 50, 2º Andar - (Edifício Sesquicentenário)
Comércio - Salvador/BA
CEP 40020-010
71 3319 8010

If you are not listed in the electronic shareholder register of the depositary bank and if you have the documentation proving that you are entitled to shares in the former Telebrás, Banco Itaú will inform you how to proceed to request your shareholder identification.