Announcement | Lisbon | 16 January 2021

Notice to the Market disclosed by Oi

PHAROL, SGPS S.A. hereby informs on the Notice to the Market disclosed by Oi, S.A., according to the company's announcement attached hereto.

Oi S.A. - In Judicial Reorganization

Corporate Taxpayers' Registry (CNPJ/MF) No.76.535.764/0001-43

Board of Trade (NIRE) No. 33.3.0029520-8

Publicly-Held Company

NOTICE TO SHAREHOLDERS

Oi S.A. - In Judicial Reorganization ("Oi" or the "Company"), in order to comply with the

provisions of paragraph 2, article 21-L of CVM Instruction No. 481/09, as amended, informs its

shareholders that the Company's Ordinary General Shareholders' Meeting will be held on April

30, 2021.

Additional information concerning this meeting will be disclosed in accordance with the time periods established by the applicable laws and regulations.

Rio de Janeiro, January 15, 2021.

Oi S.A. - In Judicial Reorganization

Camille Loyo Faria

Chief Financial Officer and Investor Relations Director

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Pharol SGPS SA published this content on 16 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 January 2021 14:59:06 UTC