TIM PARTICIPAÇÕES S.A
Corporate Taxpayer's ID (CNPJ/MF): 02.558.115/0001-21
Corporate Registry (NIRE): 33 300 276 963
Notice to the Market - TIM is included in the new ISE portfolio
Rio de Janeiro, November 25, 2008 – TIM Participações S.A. (BOVESPA: TCSL3, and TCSL4; and NYSE: TSU), hereby announces that, as of December 1s t, 2008, its shares will be included in the new portfolio of the BM&FBOVESPA's Corporate Sustainability Index (ISE), comprising only those companies with an exceptionally strong commitment to sustainability and social responsibility.
The new portfolio, which will remain valid until November 30, 2009, was selected from 51 participants who replied to a questionnaire compiled by the Sustainability Study Center of the Fundação Getúlio Vargas Business School (FGV-EAESP) and sent to those companies with the Bovespa's 150 most liquid shares. The ISE contains 30 companies with a combined market cap of R$ 372 billion, equivalent to 30.7% of the total market cap of the 394 firms whose shares are traded on the Bovespa.
Inclusion in the ISE has underlined TIM's commitment to constantly improving relations with all its stakeholders – clients, employees, suppliers, shareholders and the community – and strengthening the performance of its environmental indicators. In 2008, TIM Participações signed up to the UN's Global Pact and is making every effort to instill its principles, both internally and externally, as envisaged in its Code of Ethics.
The ISE, created in December 2005, was based on the international concept of the Triple Bottom Line (TBL), which makes an integrated assessment of companies' social, environmental and financial elements. To the TBL principles, another three indicators were added: corporate governance, general characteristics and nature of the product. Since then, the index has become a benchmark for socially responsible investment and has encouraged the adoption of best practices by Brazil's business community.