IMPRESA : discloses Qualified Shareholders Position

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

IMPRESA,SGPS

2. Reason for the notification (please tick the appropriate box or boxes):

[] An acquisition or disposal of voting rights

[ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify)iii:

3. Details of person subject to the notification obligationiv:

Name:

FIL Limited

City and country of registered office (if applicable): Pembroke, Bermuda

4. Full name of shareholder(s) (if different from 3.)v:

5. Date on which the threshold was crossed or reachedvi:

07 September 2016

6. Total positions of person(s) subject to the notification obligation:

% of voting rights attached to shares (total of 7.A)

% of voting rights through financial instruments

(total of 7.B.1 + 7.B.2)

Total of both in % (7.A + 7.B)

Total number of voting rights of issuervii

Resulting situation on the date on which threshold was crossed or reached

1.95%

0.00%

1.95%

168,000,000

Position of previous notification (if applicable)

4.90%

n/a

4.90%

7. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type of shares

ISIN code (if possible)

Number of voting rightsix

% of voting rights

Direct

(Art 9 of Directive 2004/109/EC)

Indirect

(Art 10 of Directive 2004/109/EC)

Direct

(Art 9 of Directive 2004/109/EC)

Indirect

(Art 10 of Directive 2004/109/EC)

PTIPR0AM0000

3,273,536

1.95%

SUBTOTAL A

3,273,536

1.95%

B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC

Type of financial

Expiration

Exercise/

Number of voting rights

% of voting rights

that may be acquired if

instrument

datex

Conversion Periodxi

the instrument is exer-

cised/ converted.

SUBTOTAL B.1

B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC

Type of financial instrument

Expiration datex

Exercise/ Conversion Period xi

Physical or cash settlementxii

Number of voting rights

% of voting rights

SUBTOTAL B.2

8. Information in relation to the person subject to the notification obligation (please tick the applica- ble box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[] Full chain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:

Namexv

% of voting rights if it equals or is higher than the notifiable threshold

% of voting rights through financial in- struments if it equals or is higher than the notifiable threshold

Total of both if it equals or is higher than the notifiable threshold

FIL Limited

FIL Holdings (UK) Limited

FIL Investments International

1.95%

0.00%

1.95%