BRASIL TELECOM PARTICIPAÇÕES S.A.
Publicly Held Company
CORPORATE TAXPAYER REGISTRATION 02.570.688/0001 -70
BOARD OF TRADE 53.3.0000581 -8

MATERIAL FACT

CREDIT OF INTEREST ON EQUITY

Brasil Telecom Participações S.A. (“Company”) informs to its shareholders that, following a delegation from the Board of Directors specified at a meeting held on December 16, 2008, the Company’s Senior Management resolved the appropriation of Interest on Equity in the amount of R$77,800,000.00 (seventy seven million and eight hundred thousand reais), which corresponds to a gross amount of R$0.214627550 per share or an amount net of income tax of R$0.182433418 per share, common and preferred, pursuant to Article 9 of Law 9,249 of December 26, 1995 and to Brazilian Securities and Exchange Commission’s (Comissão de Valores Mobiliários) Deliberation 207/96.

I – Income Tax Withheld: Income tax at a rate of 15% will be withheld from the amount of Interest on Equity, except with respect to those shareholders who demonstrate exemption from tax or eligibility to be taxed at a different rate.

II – Date of the Credit: The credit in the books of Brasil Telecom Participações S.A. of Interest on Equity in the total amount of R$77,800,000.00, will be made on December 29, 2008.

III – Date of Trading “ex-Interest on Equity”: As of December 30, 2008, the Company’s shares will trade “Ex-Interest on Equity”, with respect to shares held of record on December 29, 2008.

IV – Information regarding the Payment of Dividends: The interest on equity shall be charged to dividends with respect to fiscal year 2008 and shall be subject to approval at the Ordinary General Shareholders’ Meeting in 2009. The payment date, when resolved, will be informed through the publication of Notice to Shareholders.

V – Confirmation of Tax Exemption or Different Tax Rate Eligibility: Legal persons who are exempt from the income tax or are eligible to be taxed at a tax rate different than 15%, in compliance with the current law, shall demonstrate such exemption or eligibility to the Custodian Bank – Banco ABN AMRO REAL S.A., Gerenciamento de Acionistas de Terceiros, Rua Hungria, 1400 – 3º andar – Jardim Europa – CEP: 01455-000 – São Paulo – SP, on or before January 09, 2009.

VI – Amount Appropriated in Fiscal Year 2008:

Brasília, December 17, 2008.

Paulo Narcélio Simões Amaral
Investor Relations Officer

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.