Financial Highlights - Oi's Q1 2020 Fiber revenue experienced a significant year-over-year growth of 701%[7] - Postpaid revenue increased by 12% annually[7] - IT Corporate revenue grew by 38% annually[7] - The company closed a bridge loan of 25 billion reais[7] - The company received $1 billion from Unitel in January[7] Operational Performance - Oi reached 1 million FTTH customers[7] - 97 thousand new FTTH homes were connected in April alone[7] - Fiber project implementation continues at a strong pace, reaching 1 million FTTH clients[9] - Postpaid customer base increased by 206% from 8114 thousand in 1Q19 to 9784 thousand in 1Q20[19] Strategic Initiatives - The company is pursuing strategic options at the General Creditors Meeting (GCM) for plan amendments and company flexibility, expected for August 2020[7] - Market process for mobile sale is in progress[7] - Structural separation for value maximization is underway, focusing on Infra Co and Client Co[7] - The company is implementing simplification initiatives to generate savings in line with targets for the year[7]

Table of Contents As filed with the Securities and Exchange Commission on April 30, 2020 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-15256 Oi S.A. – In Judicial Reorganization UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHA ...

Table of Contents As filed with the Securities and Exchange Commission on April 26, 2019 Commission file number: 001-15256 Oi S.A. – In Judicial Reorganization UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2018 OR ☐ TRANSITION REPORT PURSUANT TO SE ...