| ADDENDUM      No. 01 TO THE LOAN AGREEMENT BY EXTENSION OF REVOLVING CREDIT LIMIT No.      08.2.0790.1, of NOVEMBER 19, 2008, EXECUTED BY BANCO NACIONAL DE      DESENVOLVIMENTO ECONÔMICO – BNDES AND TIM CELULAR S/A, WITH THE      INTERVENTION OF THIRD PARTIES, ASFOLLOWS: |
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|   | 1.1. | Subcredit      “A1”: in the value of R$ 103,958,000.00 (one hundred and three      million, nine hundred and fifty-eight thousand reais), to be provided with      the funds mentioned in item I of Clause 1 of the CONTRACT, in compliance      with all the other provisions in connection with the subcredits provided      with such funds; |
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|   | 1.2 | Subcredit      “B1”: in the value of R$ 242,568,000.00 (two hundred and forty two      millions, five hundred and sixty eight thousand reais), to provided with      the funds mentioned in item II of Clause 1 of the |
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|   | 1.3 | Subcredit      “C1”: in the value of R$ 245,983,000.00 (two hundred and forty-five      million, nine hundred and eighty-three thousand reais), to be provided      with the funds mentioned in item II of Clause 1 of the CONTRACT, in      compliance with all the other provisions pertaining to the subcredits      provided with such funds; and |
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|   | 1.4. | In      compliance with the provisions in §1 of Clause 3 of the CONTRACT, the      funds of the Subcredits mentioned above to be released shall be      transferred to the current account No. 102.464-9, which TIM CELULAR has at      UNIBANCO (No. 409), branch No.0300. |
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|   | 2.1. | The      portion of Subcredit “A1” not used will be restated, from the date of      execution of this Addendum until the date of its use, in compliance with      the minimum period of 12 (twelve) months, by the variation of the Ample      National Consumer Price Index – IPCA, calculated and published by IBGE      (Brazilian Institute of Geography and Statistics – IBGE, in compliance      with the procedures contemplated in Clause 6 of the    CONTRACT. |
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|   | 2.2. | In      compliance with the provisions in the heading of this item, BNDES may      reduce the Subcredit “A1” prior to its total use, the value of this      reduction starting to constitute Subcredit “D1”, under the same conditions      of Subcredit “B1”, with the exception of the maturity of the amortization      installments, which shall remain equal to the provisions of Clause 9, item      I, of the CONTRACT, and of item 7.1 of Clause 1 of this Addendum. If this      event occurs, BNDES shall inform the alteration, in writing to TIM      CELULAR. |
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|   | 5.1. | Subcredit      “A1”: up to 30 (thirty) months, counting from the date of execution      of this Addendum; |
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|   | 5.2. | Subcredits      “B1” and “C1”: to 30 (thirty) months, counting from the execution      date of this Addendum, without prejudice to the power of BNDES, prior or      after the final term of this period, supported by the guarantees      constituted in the CONTRACT, to extend said period, by express      authorization, by letter, regardless of other formality or      registration. |
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| 6.1. | Subcredits      “B1” and “C1”: 31 (thirty-one) months, beginning on the fifteenth      (15th)      immediately subsequent to the execution date of this Addendum and ending      on July 15, 2011. |
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|   | 7.1. | Subcredit      “A1”: in 06 (six) annual and successive      installments, each of them in the value of the principal falling due      restated of the debt of this Subcredit, divided by the number of      amortization installments not yet due, the first installment falling due      on July 15th      (fifteenth), 2012, and the last on July 15th      (fifteenth) of 2017, in compliance with the provisions of Clause 24 of the      CONTRACT; |
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|   | 7.2. | Subcredits      “B1” and “C1”: in 72 (seventy-two) monthly and successive      installments, each in the value of the principal falling due of the debt      of these Subcredits, divided by the number of amortization installments      not yet due, the first falling due on August 15th      (fifteenth), 2011, and the last on July 15th      (fifteenth), 2017, in compliance with the provisions of Clause 24 of the      CONTRACT. |
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|   | 8.1. | Subcredit      “A1”: 2.62% (two integers and sixty-two hundredths per cent) per      year (as remuneration), above the reference rate, disclosed by BNDES, in      force on the date of use of this Subcredit, calculated pursuant to the      terms of Clause 4 of the CONTRACT, due, annually, on the      15th      (fifteenth) of July of each year, from July 15th,      2012, including, with the amortization installments of this Subcredit      principal, in compliance with the provisions of Clause 24 of the      CONTRACT. |
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|   | 8.2. | of      the non-capitalized portion of Subcredit “B1”: 2.62% (two integers      and sixty-two hundredths per cent) per annum (as remuneration), above the      Long Term Interest Rate – TJLP, disclosed by the Central Bank of Brazil,      in compliance with the scheme described in Clause 5 of the CONTRACT,      enforceable on the 15 (fifteenth) day of the months of January, April,      July and October of each year, in the period comprised |
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|   | 8.3. | uncapitalized      portion of Subcredit “C1”: 1.72% (one integer and sixty-two      hundredths per cent) per annum (as remuneration), above the Long Term      Interest Rate- TJLP, published by the Central Bank of Brazil, in      compliance with the scheme described in Clause 5 of the CONTRACT, due on      the 15th      (fifteenth) of January, April, July and October of each year, in the      period comprised between December 15th      (fifteenth), 2008 and July 15th      (fifteenth), 2011, and monthly from August 15th      (fifteenth), 2011, including, with the amortization installments of this      Subcredit principal, in compliance with the provisions of Clause 24 of the      CONTRACT. |
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|   | a) | presentation,      by TIM CELULAR, of the Contract of Binding and Assignment of Revenues and      Other Covenants, contemplated in the Sole § of Clause 2 of this Addendum,      duly signed and registered in the Register of Deeds and Documents of the      city of Rio de Janeiro and of the city of São  Paulo; |
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|   | b) | return,      by TIM CELULAR, to BNDES, of the counterparts of Notification delivered to      each of the Collection Agents, extra judicially or by them duly signed,      according to the provisions in §1 of Clause 6 of the Contract of Binding      and Assignment of Revenues and Other Covenants, mentioned in the Sole § of      Clause 2 of this Addendum. |
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| 9.2. | For use of each      portion of Subcredits “A1”, “B1” and “C1”: presentation, by TIM      CELULAR, of the Debt Clearance Certificate – CND, issued by the Federal      Revenue Service of Brazil, on the INTERNET, to be extracted by TIM      CELULAR, at the addresses www.previdenciasocial.gov or      www.receita.fazenda.gov.br and verified by BNDES at  same. |
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| 9.3. | For use of the funds      of Subcredit “A1” contemplated in item 1.1 of Clause 1 of this      Addendum: evidence to BNDES of use by at least 40% (forty percent)      of Subcredits “B1” and “C1” contemplated in items 1.2 and 1.3 of Clause 1      of this Addendum. |
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| [signature]    |  [signature]               |   |
|-------------------------------|---------------------------------|--------|
| WAGNER      BITTENCOURT       |  Eduardo Rath      Fingeri |   |
| Director            |  Director                  |   |

| BANCO NACIONAL DE      DESENVOLVIMENTO ECONÔMICO E SOCIAL - BNDES |   |
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