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Notice to the Market

Oi S.A. - In Judicial Reorganization
CNPJ/MF Nº 76.535.764/0001-43
NIRE 33.30029520-8
Publicly-Held Company

NOTICE TO THE MARKET

Oi S.A. - In Judicial Reorganization ("Oi" or the "Company") informs its shareholders and the market in general that the Chairman of the Board of Directors of the Company has received correspondence from Mr. Marcos Duarte Santos informing that, for supervening personal and professional reasons, he will not take office as a member of the New Board of Directors of Oi, the election of which was ratified at the Extraordinary General Meeting held on September 17, 2018.

The Company expresses its deepest appreciation to Mr. Marcos Duarte Santos for his dedication during his office as member of the Board of Directors and recognizes the significant contributions and results achieved, in particular in the Company’s judicial reorganization process.

As a result of the vacancy of the office, the Board of Directors will timely address the appointment of a replacement, pursuant to article 150 of Law No. 6.404/76 and Clause 9.6 of the Judicial Reorganization Plan.

Rio de Janeiro, September 26, 2018.

Oi S.A. - In Judicial Reorganization
Carlos Augusto Machado Pereira de Almeida Brandão
Chief Financial Officer and Investor Relations Officer

Click here for the pdf file.

(¹) This translation is still subject to the auditors review

(¹) This translation is still subject to the auditors review

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