Embratel Extends Expiration Date of Exchange Offer

Embratel Extends Expiration Date of Exchange Offer
Embratel Participacoes S.A. (Embrapar) NYSE: EMT; BOVESPA: EBTP3, EBTP4



RIO DE JANEIRO, Brazil, July 28  /PRNewswire-FirstCall/ -- Embratel
Participacoes S.A. (Embratel Holdings) (BOVESPA: EBTP4; EBTP3 - NYSE: EMT)
announced today that its subsidiary, Empresa Brasileira de Telecomunicacoes
S.A.-Embratel (Embratel), has extended the expiration date of its offer to
exchange up to US$275 million aggregate principal amount of Embratel's
registered 11.0% Guaranteed Notes due 2008 (the "New Notes") for any and all of
Embratel's outstanding unregistered 11.0% Guaranteed Notes due 2008 (the "Old
Notes").

The new expiration date for the exchange offer will be 5:00 p.m., Eastern
Standard Time (EST) on August 6, 2004, unless extended.

The Exchange Agent has informed Embratel that, as of 5:00 p.m. (EST) on July
28, 2004, approximately U.S.$272,104,000 in aggregate principal amount of its
Old Notes had been tendered in the Exchange Offer.  This amount represents
approximately 98.95% of the outstanding Old Notes.

The terms of the exchange offer and other information relating to Embratel
Holdings and Embratel are set forth in a prospectus dated June 29, 2004. Copies
of the prospectus and the related letter of transmittal may be obtained from
the exchange agent -- Deutsche Bank Trust Company Americas, Corporate Trust and
Agency Group, 60 Wall Street, New York, New York 10005, Attn: Corporate Market
Services, telephone [phone], fax number [phone].

This announcement is neither an offer to sell nor a solicitation of an offer to
buy or exchange the New Notes or the Old Notes.  The exchange offer is made
solely by the prospectus dated June 29, 2004.

Embratel is the premium telecommunications provider in Brazil and offers an
ample variety of telecom services -- local and long distance telephony,
advanced voice, high-speed data transmission, Internet, satellite data
communications, and corporate networks. The company is a leader in the country
for data services and Internet, and is highly qualified to be an all-distance
network carrier in Latin America. Embratel's network spreads countrywide, with
almost 29 thousand kms of optic cables, which represents about one million and
sixty-nine thousand km of fiber optics.

The information contained in this release may be deemed to include
forward-looking statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, that involve risk and uncertainty. Although the Company
believes that its expectations are based on reasonable assumptions, it can give
no assurance that its expectations will be achieved. Actual results may differ
materially from these expectations due to regulatory risks and other risks
referred to in the Company's filings with the CVM and SEC.  The Company does
not undertake any obligation to release publicly any revisions to its
forward-looking statements to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.

   Contact Information:
   Silvia M.R. Pereira
   Investor Relations
   tel: [phone]
   fax: [phone]
   email:  or 

DATASOURCE: Embratel Participacoes S.A.



CONTACT:  Silvia M.R. Pereira, Investor Relations, Embratel Participacoes

S.A., [phone], (fax) [phone],

, 



Web site:  http://www.embratel.net.br/ 

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