SAO PAULO, Brazil, Sept. 26 /PRNewswire-FirstCall/ -- Net Servicos de Comunicacao S.A. ("Net") (Nasdaq: NETC; Bovespa: NETC4 and NETC3; and Latibex: XNET) announced today that its wholly-owned subsidiary Net Sul Comunicacoes Ltda. ("Net Sul") has extended to 12:00 p.m., New York City time, on September 26, 2005 (as extended, the "Consent Date"), the period for the solicitation of consents (the "Consent Solicitation") required to (i) effect certain amendments (the "Proposed Amendments") to the indenture (the "Indenture") under which Net Sul's 7.0% Senior Secured Notes due 2009 (the "Fixed Rate Notes") and Senior Secured Floating Rate Notes due 2009 (the "Floating Rate Notes" and, together with the Fixed Rate Notes, the "Notes") were issued and (ii) release all of the collateral securing the obligations of Net Sul, Net and the other guarantors under the Notes and the Indenture (the "Collateral Release"), as described in the consent solicitation statement dated September 12, 2005 (the "Consent Solicitation Statement"). Consummation of the Consent Solicitation is subject to, among other things, Net Sul receiving valid and unrevoked consents representing at least two-thirds in aggregate principal amount of the Notes outstanding (the "Proposed Amendments Requisite Consent") and to the satisfaction of certain other conditions described in the Consent Solicitation Statement. Adoption of the Collateral Release requires the consent of holders of at least 85% in aggregate principal amount of Net's outstanding senior secured indebtedness (the "Collateral Release Requisite Consent"). The receipt of the Collateral Release Requisite Consent is not a condition to the consummation of the Consent Solicitation. The Consent Solicitation was originally scheduled to expire at 5:00 p.m., New York City time, on September 23, 2005. As of 5:00 p.m., New York City time, on September 23, 2005, the Proposed Amendments Requisite Consent had been received. Accordingly, as set out in the Consent Solicitation Statement, consents validly submitted can no longer be revoked. All other terms and conditions of the Consent Solicitation remain unchanged. These terms and conditions are set out in the Consent Solicitation Statement. The record date for the Consent Solicitation continues to be September 9, 2005. The Consent Date may be further extended at the discretion of Net Sul, as set out in the Consent Solicitation Statement. Deutsche Bank Securities Inc. is acting as solicitation agent in connection with the Consent Solicitation. Questions regarding the Consent Solicitation should be directed to Deutsche Bank Securities Inc., attention: Liability Management Group at +1 212 250-2955 (collect) or +1 866 627-0391 (US toll-free). Global Bondholder Services Corporation is acting as the tabulation agent and information agent in connection with the Consent Solicitation. Requests for documentation should be directed to Global Bondholder Services Corporation at + 1 866 294-2200 (toll free) or + 1 212 430-3774 (banks and brokers). This announcement is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of consent with respect to any Notes. The Consent Solicitation is being made by the Consent Solicitation Statement, copies of which are available from the information agent. 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 of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to Net and Net Sul, 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. DATASOURCE: Net Servicos de Comunicacao S.A CONTACT: Marcio Minoru, +5511-2111-2811, ; or Sandro Pina, +5511-2111-2721, , both for Net Servicos Investor Relations

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