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VIVO PARTICIPAÇÕES S/A
Publicly-held Company – C.N.P.J. 02.558.074/0001-73

NOTICE TO SHAREHOLDERS – PAYMENT OF INTEREST ON OWN CAPITAL
(JSCP)

Vivo Participações S.A. (“Vivo Part”) hereby publicly informs to the shareholders that, as from 12.21.2006, we will start to pay Interest on Own Capital – JSCP for the extinguished companies Celular CRT Participações S.A. (“Celular CRT”), Tele Sudeste Celular Participações S.A. (“Tele Sudeste”) and Tele Centro Oeste Celular Participações S.A. (“Tele Centro Oeste”), with respect to common and preferred shares, pursuant to the shareholding position as of 12/05/2005, relating to the fiscal year ended 12/31/2005, which payment was resolved in the General Meeting of Shareholders held on 04/12/2006, as follows:

1) AMOUNTS PAYABLE PER SHARE:

COMPANY	GROSS AMOUNT – R$		NET AMOUNT – R$
	Common	Preferred	Common	Preferred
CELULAR CRT	0.538573125	0.592430438	0.457787156	0.503565872
TELE SUDESTE	0.359367207	0.395303927	0.305462126	0.336008338
TELE CENTRO OESTE	0.392742326	0.392742326	0.333830977	0.333830977

2) PAYMENT TERMS:
2.1.) Credit to the bank account designated by the shareholder and updated by Banco ABN AMRO Real S/A (The Trustee of the book-entry shares of this company) until 12/06/2006;
2.2.) Direct payment from the Stock Exchange to the holders of shares under trust custody;
2.3.) Payment from branches of Banco ABN AMRO Real S/A, for those not falling within one of the preceding alternatives.

3) GENERAL INSTRUCTIONS
In order to qualify for receipt of JSCP/dividends, a Shareholder not registered as per item 2.1 above, should appear at the place of assistance, provided with evidence of a Bank Account for registration (optional), and with certified copies of the identification documents: Individual: CPF and Identity Card; proof of updated residential address (2 months); Legal Entity: CNPJ, partners’ documents, Minutes of Meetings, Bylaws, proof of updated address (2 months), Articles of Association and their respective amendments. It is mandatory to provide a power of attorney drawn-up with a notary’s office with specific powers for receipt of dividends, in case the Shareholder is represented by an attorney-in-fact, accompanied by the proof and certified copies of the above mentioned documents, as the case may be.

4) PLACES OF ASSISTANCE

• All branches of Banco ABN AMRO Real S/A

5) IMPORTANT NOTICES
In accordance with letter “a”, item II of Article 287 of Law no. 6404/76 – Law that governs Corporations, the statute of limitations for receipt of dividends is of three (3) years, counted from the date in which the dividends are made available to the shareholders.
The Interest on Own Capital is levied by income tax at the rate of 15%, paid in advance, except for tax immune/exempted shareholders, who have identified themselves as such before Banco ABN AMRO Real S/A, until January 06, 2006, as per official Notice published in the newspapers Gazeta Mercantil, Jornal do Comércio do Rio de Janeiro, Jornal do Commercio do Rio Grande do Sul, Jornal de Brasília and Official Gazette of the States of Rio de Janeiro, Rio Grande do Sul and of Brasília on their issue of 12/06/2005.

 

São Paulo, November 28, 2006.

Ernesto Gardelliano
Investor Relations Officer