13D Filing: Point State Capital and Brasil Telecom S A

(a)

The Common Shares reported herein are held through ownership by the Funds of an aggregate of 36,797,846 Common Shares, which includes 5,215,203 American Depositary Shares held by SteelMill Master Fund LP (“SteelMill”) (each of which represents 5 Common Shares). As of the date of this filing: (i) PointState Capital LP (“PointState”) and Mr. Schreiber may be deemed to beneficially own 36,797,846 Common Shares, constituting approximately 7.1% of the Common Shares; and (ii) SteelMill may be deemed to beneficially own 26,076,015 Common Shares, constituting approximately 5.0% of the Common Shares; each based upon 519,748,525 Common Shares outstanding as of December 31, 2016, as reflected in the Form 6-K filed by the Issuer on March 23, 2017.

(b)

Shared voting and dispositive powers of the Reporting Persons:

(c)

Information concerning transactions in the securities of the Issuer during the past sixty days effected by or on behalf of the Reporting Persons is set forth in Schedule I hereto and is incorporated herein by reference.

(d)

No person other than the Reporting Persons has the right to receive or the power to direct the receipt of dividends from, or the proceeds of the sale, of the securities being reported herein.

(e)

Not applicable.