TIM Participações S A : Conclusion of exclusivity agreement for negotiation with Oi Group

TIM PARTICIPAÇÕES S.A.	TIM S.A.
Publicly-Held Company	Publicly-Held Company
Corporate Taxpayer's ID (CNPJ/ME):	Corporate Taxpayer's ID (CNPJ/ME):
02.558.115/0001-21	02.421.421/0001-11
Corporate Registry (NIRE): 33 300 276 963	Corporate Registry (NIRE): 33.300.324.631

MATERIAL FACT

Conclusion of exclusivity agreement for negotiation with Oi Group

TIM PARTICIPAÇÕES SA ("Company" or "TPAR") (B3: TIMP3; NYSE: TSU) and its wholly-owned subsidiary TIM SA ("Subsidiary" or "TSA"), jointly "TIM", pursuant to Article 157 of Law 6,404 and the provisions of CVM Instruction n. 358/2002, as changed, in continuity to the Material Facts released in March 10th, 2020, in July 18th, 2020 and in July 27th, 2020, inform its shareholders and the general market what follows:

Due to the revised binding offer submitted to Oi Group in July 27th, 2020 ("Revised Offer"), together with Telefônica Brasil S.A. and Claro S.A. (jointly with TIM, called "Offerors"), Oi Group granted to the Offerors, through the conclusion of an Exclusivity Agreement ("Agreement") , exclusivity to negotiate, until August 11th, 2020, certain terms and conditions of the Revised Offer.

The Agreement aims (i) to guarantee security and celerity to the ongoing negotiations between the Offerors and the Oi Group and (ii) allow that, once the negotiations between the parties are satisfactorily concluded, the Offerors can, subject to the necessary authorizations by Oi Group, be pre-qualified as "stalking horse" (first proponent), in the competitive process for sale of the mobile telephony assets held by Oi Group, thus assuring them the right to top other proposals received in the referred process.

The Agreement provides for its automatic renewal for equal and successive periods, unless otherwise indicated by either party.

TIM will keep its shareholders and the market duly informed of the status of the process related to the Revised Offer, pursuant to ICVM 358 and applicable law.

Rio de Janeiro, August 7th, 2020.

TIM Participações S.A. / TIM S.A.

Adrian Calaza

Chief Financial Officer and

Investor Relations Officer