September 17, 2004 Telesp Celular Participações S.A. Arcadio Martinez, Gilmar Camurra, Ademir Mallmann Portugal Telecom Shakhaf Wine Telefónica Móviles Ernesto López Mozo Dear Sirs:Loan Agreement • September 21st, 2004 • Telesp Cellular Holding Co /Adr/ • Telephone communications (no radiotelephone)
Contract Type FiledSeptember 21st, 2004 Company IndustryBanco ABN AMRO Real S.A. (“ABN AMRO”) is pleased to provide this commitment to grant Telesp Celular Participações SA (“TCP” or the “Borrower”) with an up to BRL 902,000,000 loan (“Loan”) in connection with TCP’s acquisition of shares of Tele Centro Oeste Celular Participações S.A. (“TCO”). It is our understanding that the Loan is necessary to provide TCP with immediate funds to liquidate the recently announced tender offer for up to 84.3 billion preferred shares of TCO.