In accordance with CVM Instruction 358/2002, CCR S.A. (“CCR” or the “Company”) (BM&FBovespa:CCRO3; Bloomberg:CCRO3BZ; Reuters:CCRO3.SA) announces to shareholders and the general market that in a Meeting held on this date, the Company‘s Board of Directors approved the issue, in a single series, of Commercial Paper in up to ten (10) units with nominal value of forty million reais (R$40,000,000.00), in the aggregate amount of up to four hundred million reais (R$400,000,000.00) (“Commercial Paper”), with maturity in three hundred and sixty (360) days from the issue date, with payment of yield on the same date as the payment of principal, upon the maturity of the Commercial Paper, in accordance with CVM Instruction 134/1990, as amended, and with the instruments to be issued.

This is the 1st Issue of Commercial Paper by CCR and will be carried out through a public distribution with restricted placement efforts, in accordance with the procedures set forth in CVM Instruction 476 of January 16, 1990, therefore not requiring registration at the CVM, with the issue carried out under a firm commitment underwriting agreement.

The proceeds from the issue will be used (i) for the acquisition by the Company, either directly or indirectly through its subsidiaries, of the ownership interests held by the controlling groups Andrade Gutierrez Concessões S.A. (“Grupo Andrade Gutierrez”) and Camargo Corrêa Investimentos em Infra-Estrutura S.A. (“Grupo Camargo Corrêa”) in the special purpose entities that directly or indirectly hold concessions in airport infrastructure and companies related directly or indirectly to the following assets (“Assets”): (a) Quito, in Ecuador, held directly or indirectly by Grupo Andrade Gutierrez; (b) San Jose, in Costa Rica, held directly or indirectly by Grupo Andrade Gutierrez; and (c) Curaçao, held directly or indirectly by Grupo Camargo Corrêa; and/or (ii) to rebuild the cash position of the Company and/or of its subsidiaries, as needed due to the acquisition of any of the Assets described in item (i) above.

This Material Fact is being published by the Company to comply with CVM Instruction 358/2002 and with Paragraph 4, Article 157 of Federal Law 6,404 of December 15, 1976, as amended, and is solely for informational purposes, and for all legal purposes shall not be construed or considered as a solicitation to sell or promote the Commercial Papers.

São Paulo, March 29, 2012

Investor Relations Officer