Two consecutive transits of planetary companion OGLE-TR-111b were observed in the I band. Combining these observations with data from the literature, we find that the timing of the transits cannot be explained by a constant period, and that the observed variations cannot be originated by the presence of a satellite. However, a perturbing planet; with the mass of the Earth in an exterior orbit could explain the observations if the orbit of OGLE-TR-111b is eccentric. We also show that the eccentricity needed to explain the observations is not ruled out by the radial velocity data, found in the literature.