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TIM - Relações com Investidores

NOTICE TO THE SHAREHOLDERS
CAPITAL INCREASE

TIM PARTICIPAÇÕES S.A.

Publicly Held Company
CNPJ/MF 02.558.115/0001-21
NIRE 33.300.276.963


 
TIM Participações S.A. ("Company") announces to its shareholders and to the market in general that the Ordinary and Extraordinary Shareholder's Meeting of TIM Participações S.A. ("Company") held on April 2nd, 2009, approved the capital increase in the amount of eighteen million, seven hundred and sixty one thousand, two hundred and thirty Reais and forty four cents (R$ 18,761,230.44) in favor of TIM Brasil Serviços e Participações S.A. ("TIM Brasil"), upon the capitalization of the remaining portion of the Special Goodwill Reserve (Reserva Especial de Ágio) corresponding to the tax benefit accrued by the Company's subsidiary TIM Nordeste S.A., during the fiscal year of 2008, such benefit resulting from the amortization of the goodwill accounted by the Company's indirect subsidiary TIM Nordeste S.A. during the fiscal year of 2000. According to CVM's Ruling 319/99 and the Spin-Off and Merger Agreements related to the matter, the above-mentioned portion of the Special Goodwill Reserve (Reserva Especial de Ágio) related to the tax benefit will be capitalized in the indirect subsidiary TIM Nordeste S.A.. By virtue of the deliberations adopted in the referred Shareholders' Meeting, the Company's capital stock was increased to seven billion, six hundred and thirty two million, three hundred and seventy one thousand, three hundred and seventy three Reais and fifty six cents (R$ 7,632,371,373.56) .

In accordance with the referred CVM Ruling, the Spin-Off and Merger Agreements and Section 171 of Law 6,404/76, the shares issued as a consequence of the capitalization shall be destined to the controlling shareholder (TIM Brasil), having the other shareholders the faculty to exercise their preemptive right related to the referred shares.

The term for the exercise of the preemptive right of the shareholders is of thirty (30) days, counted from the date of the publication of the present Notice, according to the provisions below:

1 – AMOUNT OF THE CAPITAL INCREASE: Eighteen million, seven hundred and sixty one thousand, two hundred and thirty Reais and forty four cents (R$ 18,761,230.44) .

2 – NUMBER AND TYPE OF THE ISSUED SHARES: One million, five hundred and seventy three thousand, eight hundred and twenty eight (1,573,828) common shares, and three million, forty six thousand, six hundred and seventy one (3,046,671) preferred shares, totalizing four million, six hundred and twenty thousand, four hundred and ninety nine (4,620,499) shares, all book-entry and without par value.

3 –ISSUANCE AND SUBSCRIPTION PRICE OF EACH SHARE: Six Reais and twelve cents (R$ 6.12) for each common share, and three Reais (R$ 3.00) for each preferred share issued, both in one (1) stock per lot.

4 – JUSTIFICATION OF THE ISSUANCE PRICE: The establishment of the shares issuance price was made based on the average of the Company's quotation at the São Paulo Stock Exchange (Bovespa) during the ten (10) trading days prior to April 2nd, 2009. The issuance price shall not change during the period reserved for the exercise of the preemptive right by the Company's shareholders.


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