Dear Mr. Chesenso
The creditor who did not individualize his credits and wants to make such individualization to directly exercise his option of payment may follow the rules provided in the Public Notice of Bondholders ("Edital de Bondholders” –Pecas Processuais – Recuperacao Judicial Oi), with presentation of the documentation
by judicial process: certificate of holders and screen shot of the consolidated position.
This procedure may require you to retain counsel in Brazil and
may be time-consuming. Bondholders are advised to undertake this procedure
on a timely basis.
We emphasize that, in case of abstention from exercising the payment option,
the credits of the bondholders will be paid by the residual condition, according to clause 4.3.6 of the PRJ (payment in 20 years) and 4.3.6.1.
On the subject, it is also worth checking the terms of the Q & A disclosed by Oi Group (
www.recjud.com.br).
If you have any further question, please do not hesitate to contact us at +55 21 22729300
Sincerely,
Escritório de Advocacia Arnoldo Wald
Administrador Judicial