NK 108 Empreendimentos e Participações SA is agreed to acquire SPE Torres 2 from Oi S.A. (BOVESPA:OIBR4) for BRL1,697 Million on Aug 22, 2022, of which BRL1,088 million would be paid at closing and the rest BRL609 million will be paid up to 2026 depending on the future Quantity of infrastructure items to be used which is mentioned in the binding offer which will be reflected in the SPE Torres 2 based on the share repurchase and sale agreement to be negotiated. The transaction was yet to approve by the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica – CADE) and by the National Agency of Telecommunications (Agência Nacional de Telecomunicações – ANATEL). Rafael Calabria of Barbosa, Müssnich & Aragão Advogados acted as legal advisor to Oi S.A. André Stocche; Rafael Andrade; Guilherme Coelho; Mariana Saragoça; and Luciana Stracieri of Stocche, Forbes, Padis, Filizzola, Clapis Advogados acted as legal advisor to Highline do Brasil II Infraestrutura de Telecomunicações (through the affiliate: NK 108 Empreendimentos e Participações).