F RAMA : . Ramada - Investimentos, SGPS,S.A. announces resolutions taken at the Shareholders Annual General Meeting held on 21 April 2016

f19590c0-dbc2-4c61-949c-32c03dafa4bd.pdf F. RAMADA - INVESTIMENTOS, SGPS, S.A.

Public Company

Head Office: Rua do General Norton de Matos, 68 - R/C, Porto Share Capital: Euro 25,641,459

Registered at the Commercial Registry Office of Oporto Sole registration and tax number 508 548 527

Information on Resolutions taken at the Shareholders' Annual General Meeting

1. RAMADA - INVESTIMENTOS, SGPS, S.A. hereby informs, under the terms and for the purposes of Paragraph 2.g) of Article 249 of the Portuguese Securities Code and of Paragraph 3 of Article 8 of CMVM Regulation no. 5/2008, having been present or represented shareholders holding 18,456,897 shares corresponding to 79,98% of the voting rights, that the following resolutions were unanimously approved at the Shareholders' Annual General Meeting held today:

2. Approve the Company's Annual Report, and the Individual and Consolidated Accounts for the year ended 31 December 2015;

3. Approve that the net profit for the year amounting to € 5,928,847.62, to be applied as follows:

   Legal Reserve 296,442.38

   Free Reserves 786,169.30 Dividends Distribution 4,846,235.94*

   --------------------- 5,928,847.62

   ============

   This value takes into account the existence of 2,564,145 own shares held by the Company on the payment date, the number of own shares is different, the total amount of dividends to be paid can be adjusted against the value of free reserves in order to maintain unchanged the dividend per share proposed.

4. To approve a vote of appreciation and confidence in the work performed by the Board of Directors, Statutory Audit Board and Statutory External Auditor, during the year ended 31 December 2015;

5. To approve the Remuneration Policy, per the terms of the proposal presented by the Remuneration Committee and previously disclosed;

6. To authorise the Board of Directors, over the next 18 months, to purchase and sale of own shares up to the legal limit of 10% as per the terms of the proposal presented by that body and previously disclosed;

Porto, 21 April 2016 Board of Directors,