NETC Announces Leftover Auction SAO PAULO, Brazil, May 6 /PRNewswire-FirstCall/ -- Net Servicos de Comunicacao S.A. (Nasdaq: NETC; Bovespa: NETC4 and NETC3; and Latibex: XNET) the largest Pay-TV multi-service operator in Latin America, and an important provider of bi-directional broadband Internet access (Virtua), announces that the share leftover auction under the terms of the capital increase, approved at the Board of Directors' Meeting held on November 3, 2004 and ratified by the Extraordinary Shareholders' Meeting held on February 4, 2005, and object of the Notice to Shareholders dated March 18, 2005, will be made at the Sao Paulo Stock Exchange - Bovespa, having Pactual CTVM S.A. as broker, on May 9, 2005 from 1:05 pm to 1:20 pm at the electronic trade. A total of 9,445,127 common shares ("ON shares") and 25,684,250 preferred shares ("PN Shares") will be auctioned, being represented by its respective subscription receipt, corresponding respectively to 1.27% and 2.38% of the issuance of shares at a minimum price of R$ 0.35. According to the Subscription Agreement reached between NET, Globo Comunicacoes e Participacoes S.A. ("Globopar"), Distel Holding S.A. ("Distel) (Globopar and Distel, jointly "Globo") and Telefonos de Mexico, S.A. de C.V. ("Telmex"), the Company has notified Globo and Telmex to present a purchase order for the total amount of ON and PN shares, respectively. The confirmation of the total shares issued under the terms of the abovementioned capital increase will be carried out at a Board of Directors' Meeting to be held on May 10, 2005, passing the receipts of shares to be traded as confirmed shares at Bovespa beginning on May 11, 2005. Investor Relations 55-11-2111-2811 DATASOURCE: Net Servicos de Comunicacao S.A. CONTACT: Investor Relations of Net Servicos de Comunicacao S.A., +55-11-2111-2811

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