Announcement - Lisbon, 14 March 2017

Management transaction

Under the terms and for the purposes of article 248-B of the Portuguese Securities Code and article 14 of CMVM Regulation No. 5/2008, CTT - Correios de Portugal, S.A. ("CTT" or "Company") hereby informs that today it has received from Gestmin, SGPS, S.A., a company controlled by CTT's Non-Executive Member of the Board of Directors Mr. Manuel Carlos de Melo Champalimaud, the following communication of a management transaction:

"Communication of acquisition of a qualified holding in and of transactions on shares of CTT - Correios de Portugal, S.A., Public Company ("CTT")

Under the terms and for the purposes of articles 16 and 248-B of the Portuguese Securities Code and articles 2 and 14 of CMVM Regulation No. 5/2008, Gestmin, SGPS, S.A., ("Gestmin") hereby informs and discloses to the market, for its own account (and, as applicable, also for the account of Manuel Carlos de Melo Champalimaud, Chairman of the Board of Directors of Gestmin, as well as Non- Executive Director of CTT) that, as a result of acquisitions carried out by Gestmin in the stock exchange on 10 and 13 March 2017 (as described in the annex - Annex I), Gestmin and Manuel Carlos de Melo Champalimaud currently have a shareholding exceeding 10% of the voting rights in CTT, as they jointly hold 15,284,885 shares, representing 10.19% of the share capital of and voting rights in CTT.

Annex I also identifies the situations which, pursuant to Article 20(1) of the Portuguese Securities Code, determine the attribution to Gestmin of voting rights attached to securities belonging to third parties, as a result of which 15,357,404 (fifteen million, three hundred and fifty-seven thousand, four hundred and four) CTT shares are considered to be attributable to Gestmin, corresponding to 10.24% in the share capital of and voting rights in said public company.

Pursuant to Commission Implementing Regulation (EU) 2016/523 of 10 March 2016 laying down implementing technical standards with regard to the format and template for notification and public disclosure of managers' transactions in accordance with Regulation (EU) No 596/2014 of the European Parliament and of the Council, it is furthermore notified that, following the abovementioned transactions (described in the form drawn up in accordance with the aforementioned Implementing Regulation, and attached herewith as Annex II), the Member of the Board of Directors Manuel Carlos de Melo Champalimaud currently holds, directly and indirectly, 15,284,885 shares (fifteen million, two hundred and eighty-four thousand, eight hundred and eighty-five) shares representing 10.19% of the share capital and voting rights of CTT, broken down as follows:

Directly held: 284,885;

Held by Gestmin, SGPS, S.A.: 15,000,000 Total: 15, 284,885

Lisbon, 14 March 2017 "

This information is also available on CTT's Investor Relations website at: http://www.ctt.pt/ctt-e-investidores/relacoes-com- investidores/comunicados.html?com.dotmarketing.htmlpage.language=1#panel3-1.

CTT - Correios de Portugal, S.A.

André Gorjão Costa

Market Relations Representative of CTT

Peter Tsvetkov

Director of Investor Relations of CTT Contacts:

Email: investors@ctt.pt Fax: + 351 210 471 996

Phone: + 351 210 471 857

CTT – Correios de Portugal SA published this content on 14 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 March 2017 17:49:07 UTC.

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