LOCK UP AGREEMENTLock Up Agreement • September 27th, 2006 • Telemar Participacoes S.A. • Radiotelephone communications
AG Telecom Participações S.A., a company with its registered office located at Avenida do Contorno, No. 8.123, Bairro Cidade Jardim, Belo Horizonte, MG, enrolled with the tax payer national registry under number 03.260.334/0001-92, hereafter referred to as “AG Telecom”, represented herein in accordance to its by-laws;
TELEMAR PARTICIPAÇÕES S.A. AND THE BANK OF NEW YORK As Depositary AND OWNERS AND BENEFICIAL OWNERS OF AMERICAN DEPOSITARY RECEIPTS Deposit Agreement Dated as of , 2006Deposit Agreement • September 27th, 2006 • Telemar Participacoes S.A. • Radiotelephone communications • New York
DEPOSIT AGREEMENT, dated as of , 2006, among TELEMAR PARTICIPAÇÕES S.A., a sociedade anônima de economia mista (a limited liability company) organized under the laws of the Federative Republic of Brazil (herein called the Company), THE BANK OF NEW YORK, a New York banking corporation (herein called the Depositary), and all Owners and Beneficial Owners from time to time of American Depositary Receipts issued hereunder.
