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TIM - Relações com Investidores

TIM PARTICIPAÇÕES S.A.
Public-Held Company
CNPJ/MF Nº 02.558.115/0001-21
NIRE 33 300 276 963

NOTICE TO THE MARKET


 

TIM Participações S.A. ("Company") (BM&FBOVESPA: TIMP3, and NYSE: TSU), based on news published by the media, stating that "TIM loses the administrative appeal worth 550 million Euros", and in light of the impact occurred in the market, hereby informs the general public the following:

In March 2011, TIM Celular, as the successor of TIM Nordeste (formerly Maxitel after the merger with TIM Nordeste Telecomunicações), received tax assessment notice issued by the Federal Tax Bureau, worth about R$1.26 billion related to alleged debt of Corporate Income Tax and Social Contribution on Profits on various substantive and procedural issues, among them, but not limited to questions about the effects of corporate restructuring operations performed as well as the alleged breach of ancillary obligations. That assessment was timely challenged by the Company.

In April 2012, a decision was made at the first administrative level confirming integrally the assessment notice, as expected. A final administrative decision shall rest with the Administrative Council of Tax Appeals (Conselho Administrativo de Recursos Fiscais - CARF), for which an appeal has been already presented.

It is worth mentioning that the CARF is establishing favorable precedents to taxpayers in similar cases that compose the assessment performed (tax planning, corporate restructuring and its effects, deductibility of goodwill on acquisitions etc.), which is why we confirm Company's understanding that is not likely to have chances of loss in this process.

 
Rio de Janeiro, August 20th, 2012.


Rogerio Tostes
Investor Relations Officer
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