(Microsoft Word - EN-Transac347343o Entidade Relacionada_010415.docx)

INFORMATION ON RELATED PARTY TRANSACTIONS WITH MANAGERS

Banif - Banco Internacional do Funchal, S.A., in compliance with the provisions of article 248-B of the Securities Code (Sec. Code) and 14 of CMVM Regulation no. 5/2008, regarding related party transactions in its shares (ISIN PTBAF0AM0002), hereby informs the following:

Entity

Position

Buy / Sale

No. of shares

Date

Unit

Price

Place

Final Position

(No of shares)

Açoreana

Seguros SA

Entity considered a related party (1)

Sale

Sale

23.000.000

5.000.000

27/03/15

30/03/15

€0,0078

€0,0078

Euronext

Lisbon

7.101.651.167

(2)

(1) Entity of which the following Banif - Banco Internacional do Funchal S.A. managers are managers: Fernando Mário Teixeira de Almeida, João José Gonçalves de Sousa and Tomás de Mello Paes de Vasconcellos (article 248-B no. 1 and no. 4, paragraph b) of the Securities Code, (2) The voting rights attached to this entity's holding have been assigned, under the terms of no. 1 of article 20 of the Sec. Code, to the estate of Horácio da Silva Roque.

Lisbon, 1 April 2015

The Issuer

Banif - Banco Internacional do Funchal, SA Limited Liability Company
Registered Office: Rua de João Tavira, 30 - 9004-509 Funchal
Share Capital: 1,720,700,000.00 euros
Single Registration and Corporate Taxpayer Number: 511 202 008

distributed by