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TIM - Relações com Investidores

TIM PARTICIPAÇÕES S.A

Material Fact


 
Rio de Janeiro, May 5th, 2012 – TIM Participações S.A. ("Company") (BOVESPA: TIMP3; and NYSE: TSU), company that directly controls TIM Celular S.A. and Intelig Telecomunicações Ltda., and indirectly of TIM Fiber SP Ltda. and TIM Fiber RJ S.A., informs to its shareholders, to the market and the public in general the following: In response to "Ofício GAE 2374/12 from BM&FBOVESPA", requesting explanation on the recent oscillation on the stock price and volume traded, the Company believes that last variations on its stock price might be related to rumors regarding the resignation of Mr. Luca Luciani, CEO of the Company. In that respect, the Company informs that in the night of May 4th, 2012, Mr. Luca Luciani presented his resignations and renounced to all duties held in companies of Telecom Italia Group. The Board of Directors of TIM Participações S.A. will convene a meeting within the next days to appreciate the appointment made by the controlling shareholder, of Mr. Andrea Mangoni, current CFO of Telecom Italia group, to the post of interim CEO of the Company.

 
Rio de Janeiro, May 5th, 2012.


Rogerio Tostes Lima
Investor Relations Officer
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