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    OIBR4   BROIBRACNPR8

OI S.A.

(OIBR4)
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Oi S A : Material Fact - Restatement of the Financial Statements for the 2020 Fiscal Year

05/10/2021 | 06:18pm EDT

Oi S.A. - In Judicial Reorganization

Federal Taxpayers' Registry (CNPJ/ME) No. 76.535.764/0001-43

Board of Trade (NIRE) No. 33.3.0029520-8

Publicly-Held Company

MATERIAL FACT

Restatement of the Financial Statements for the 2020 Fiscal Year

Oi S.A. - In Judicial Reorganization ("Oi" or "the Company"), in compliance with Article 157, Paragraph 4, of Law No. 6,404/76 and the provisions of CVM Instruction No. 358/02, hereby informs its shareholders and the market in general that, on this date, the Company's Board of Directors approved the voluntary restatement of its financial statements for the fiscal year ended on December 31, 2020.

The restatement of the individual and consolidated Financial Statements for the year ended on December 31, 2020 was due to the need of correction for reclassification (reallocation in the line items in the Income Statement) between the results of the Company's continued operations and discontinued operations, as shown below:

The restatement does not affect the Statements of Income, Comprehensive Income, Changes in Financial Position and Cash Flows and the corporate earnings/loss per share for the year ended on December 31, 2020, nor does it affect the equity and financial position and the performance of consolidated operations for the year ended on that date.

The Company hereby informs that, as of this date, the restated 2020 Financial Statements are available to shareholders at Oi's registered headquarters office, on the Brazilian Securities and Exchange Commission website (Comissão de Valores Mobiliários, or the CVM) (www.cvm.gov.br), the B3 S.A. - Brasil, Bolsa, Balcão website (www.b3.com.br) and the Company's investor relations website (ri.oi.com.br).

Rio de Janeiro, May 10, 2021.

Oi S.A. - In Judicial Reorganization

Camille Loyo Faria

Chief Financial Officer and Investor Relations Officer

Disclaimer

Oi SA em Recuperação Judicial published this content on 10 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2021 22:17:01 UTC.


ę Publicnow 2021
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Sales 2021 18 541 M 3 473 M 3 473 M
Net income 2021 -6 945 M -1 301 M -1 301 M
Net Debt 2021 28 730 M 5 381 M 5 381 M
P/E ratio 2021 -1,68x
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Capitalization 6 117 M 1 145 M 1 146 M
EV / Sales 2021 1,88x
EV / Sales 2022 2,08x
Nbr of Employees 13 305
Free-Float 85,0%
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