EX-99.1 2 d61481_ex99-1.txt EXTENSION OF EXPIRATION DATE Exhibit 99.1 Tevecap S.A. Extends Expiration Date of Exchange Offer SAO PAULO, November 26, 2004 - Tevecap S.A. (the "Company") today announced that it is extending the Expiration Date of its exchange offer for an aggregate principal amount of up to US$48,022,000 of its outstanding 12.625% Senior Notes due 2004 (the "Existing Notes") which have been registered under the Securities Act of 1933 for the same principal amount of its 12.625% Senior Notes due 2009 until 5:00 p.m., New York City time, on December 10, 2004 (the "Expiration Date"), unless further extended by the Company in its sole discretion. As of 5:00 p.m., New York City time, on November 26, 2004, holders of approximately US$38.8 million principal amount of Existing Notes had tendered their Existing Notes. The exchange offer will remain in all respects subject to all terms and conditions described in the Prospectus dated October 13, 2004. * * * THIS PRESS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL TO THE TERMS AND CONDITIONS OF THE REGISTRATION UNDER THE SECURITIES LAWS OF ANY SUCH STATE. BEFORE MAKING AN INVESTMENT DECISION, INVESTORS SHOULD CAREFULLY READ THE ENTIRE REGISTRATION STATEMENT AND PROSPECTUS, INCLUDING THE FINANCIAL STATEMENTS AND THE NOTES THERETO AND THE DOCUMENTS INCORPORATED BY REFERENCE THEREIN. Requests for further information or for a Prospectus should be directed to the Information Agent: GS Proxylatina, Cerrito 1266, 10th floor, C1010AAZ, Buenos Aires, Argentina, telephone number +54 11 4811 8391 and facsimile number +54 11 4811 8985. Alternatively, please contact one of the two Solicitation Agents: Unibanco: Eduardo de Freitas(eduardo.freitas@unibanco.com.br): 55 11 30971512 Andre Gusso (andre.gusso@unibanco.com.br): 352 26473663 Bernardo Aleluia (bernardo.aleluia@unibanco.com.br): 55 11 30971512 Pedro Ekman (pedro.ekman@unibanco.com.br): 55 11 30971512 Rodrigo Formoso (rodrigo.formoso@unibanco.com.br): 55 11 30971512 Julia Chen (julia.chen@unibanco.com.br): 1 212 2079401 Eurovest: (for investors outside the United States only) Carlos E. Gribel (carlosgribel@eurovest.com.br ): 55 11 5505-3334 / 55 11 3346 9400 Rodrigo Steiner (rodrigo.steiner@eurovest.com.br): 55 11 55053334/ 55 11 3346 9400 Carla R. Gomes (carlag@eurovest.com.br): 55 11 5505-3334/ 55 11 3346 9400 * * * This extension notice is dated as of November 26, 2004.