RIO DE JANEIRO, June 26 /PRNewswire-FirstCall/ -- TIM Participacoes S.A. (BOVESPA: TCSL3 and TCSL4; and NYSE: TSU), which retains direct control of TIM Celular S.A. and indirect control of TIM Nordeste S.A., providing nationwide telecommunication services in Brazil, announces that it has filed its annual report Form 20-F for the fiscal year ended December 31, 2008 with the Securities and Exchange Commission on June 26, 2009. The annual report can be accessed on TIM Participacoes S.A. investor relations website at http://www.timpartri.com.br/tim/. TIM Participacoes will provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.

In compliance with Section 404 of the Sarbanes-Oxley Act of 2002, TIM Participacoes management conducted an evaluation of the effectiveness of the company's internal control over financial reporting and concluded that the company's internal control over financial reporting was effective as of the end of the company's fiscal year ended December 31, 2008. In addition, TIM Participacoes independent registered public accounting firm attested the company's internal control over financial reporting in accordance with the standards of the Public Company Accounting Oversight Board (United States) and reported that TIM Participacoes maintained effective internal control over financial reporting as of December 31, 2008.

About TIM Participacoes

TIM Participacoes S.A. is a telecommunications company with nationwide coverage that provides services through its subsidiaries TIM Celular S.A. and TIM Nordeste S.A. subsidiaries. TIM Participacoes is controlled by TIM Brasil Servicos e Participacoes S.A., a subsidiary of the Telecom Italia Group. TIM began its activities in Brazil in 1998, and from 2002 onward established its operations on a nationwide basis, becoming the first wireless operator to be present in every Brazilian state. In April 2008, TIM launched its third generation services (3G), providing mobile broadband, besides other services such as Video Call and TIM TV. In September 2008, the Company launched its fixed services, becoming the only pure mobile operator in the sector, providing complete telecommunications services nationwide. TIM Participacoes' shares are traded at both the Sao Paulo Stock Exchange (Bovespa: TCSL3 and TCSL4) and the New York Stock Exchange (NYSE: TSU).

    TIM Investor Relations
    Rogerio Tostes
    rtostes@timbrasil.com.br
    (55 21) 4009 3742

    Fabio Levy
    flcosta@timbrasil.com.br
    (55 21) 4009 3446

    Diego Aragao
    dmaragao@timbrasil.com.br
    (55 21) 4009-4017

    www.timpartri.com.br/tim/

SOURCE TIM Participacoes S.A.

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