SCHEDULE 1.3
CONTAX PARTICIPACOES S/A
Company Taxpayers' ID (CNPJ) # 04.032.433/0001-80
Company Registry ID (NIRE) # 33300275410
Publicly-held Company
MINUTES OF THE EXTRAORDINARY SHAREHOLDERS' MEETING
HELD ON MARCH 10, 2006
Sumarized Drawn-up, according to Article 130 and its paragraphs
of the Law 6.404/76.
1) DATE, PLACE AND TIME: held at 5 pm on March 10, in the Contax Participacoes
S.A. Headquarters ("Company") located at Rua do Passeio, 48 to 56, (part
of), Rio de Janeiro, RJ.
2) CALL NOTICE: First Call Notice was published in "Diario Oficial do Estado
do Rio de Janeiro" (Oficial Gazette), part V, editions issued on: 9/2/2006,
page 25, 2/10/2006, page 6 and 2/13/2006, page 11, and in "Valor Economico
- National Edition" newspaper, editions issued on: 2/9/2006, page A14,
2/10/2006, page C8 and 2/13/2006, page B2 and Second Call Notice published,
in "Diario Oficial do Estado do Rio de Janeiro" (Oficial Gazette), part V,
editions issued on: 3/2/2006, page 15, 3/3/2006, page 13 and 3/6/2006, page
88, and "Valor Economico - National Edition" newspaper, editions issued on:
3/2/2006, page B3, 3/3/2006, page B5 and 3/6/2006, page C16.
3) AGENDA: 1. Deliberate on the incorporation of item "c" in article 29 of the
Company Bylaws, which enables the establishment of a statutory reserve
fund; 2. Deliberate on the amendment of the Company Bylaws in order to
reflect the change of the Company's Headquarters address, as approved by
the Board of Directors Meeting held on November 30, 2005.
4) ATTENDANCE: Shareholders representing more than 56% of the voting capital
stock, according to the signatures included in the Shareholders Attendance
Book.
5) DESK: Chairman: Michel Neves Sarkis, Secretary: Luiz Antonio de Sampaio
Campos.
6) DECISIONS: Unanimously approved by all presents the following agenda:
i) Incorporation of item "c" in Article 29 of the Company's bylaws,
allowing the establishment of a statutory reserve fund; thus, Article
29 of the Company's bylaws now has the following wording "Article 29 -
Any eventual accumulated loss and provision for income tax will be
deducted from the fiscal year's result before any interest. Paragraph
One - The statutory interest of managers will be calculated based on
the remaining profit calculated according to the main section of this
article, up to the maximum legal limit. Paragraph Two - After the
deduction described in the preceding paragraph, the fiscal year's net
income will be allocated as follows: a) 5% to the legal reserve, until
it reaches 20% of the paid capital stock. The establishment of the
legal reserve may be waived in the fiscal year in which its balance,
added to capital reserves, exceeds 30% of the capital stock; b) of the
fiscal year's net income
balance, obtained after the deduction described in the preceding
paragraph and adjusted according to Article 202 of Law #6404/76, 25%
will be allocated to the payment of compulsory dividends to its
shareholders, pursuant to the provisions of Paragraph Three of Article
05; and c) the remaining balance, after the accounting of profit in
the unrealized earnings reserve, will be transferred to the Investment
Reserve, aimed at ensuring investments of the Company's interest, in
addition to strengthening its working capital. This reserve may not
exceed, along with the other earnings reserves, the Capital Stock
value"; and
ii) Amendment of the Company Bylaws in order to reflect the change of the
Company's Headquarters address, as approved by the Board of Directors
Meeting held on November 30, 2005, as follows: "Article 2 - The
Company's headquarters and jurisdiction are located at Rua do Passeio,
48 a 56, Parte, Cinelandia, in the City and State of Rio de Janeiro
and may, upon the deliberation of the Board of Directors, irrespective
of the authorization of the General Meeting, establish, maintain and
close branches, offices, warehouses or representative agencies in any
part of Brazil or abroad."
7) CLOSURE: Nothing more to be dealt with, the meeting was concluded, and
these present Minutes were summarized, drawn up, read, approved, and signed
by all shareholders attending the meeting, whose authorized its disclosure
without their respective signatures according to article 130, paragraph 2
of Law 6.404/76.
Rio de Janeiro, March 10, 2006.
Luiz Antonio de Sampaio Campos
Secretary
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