LETTER TO ACCOMPANY THE BALLOT PAPER1

Exercise of the right to vote by post

To
Chairman of the Annual General Shareholders' Meeting of Impresa - Sociedade Gestora de
Participações Sociais, S.A. Rua Ribeiro Sanches, no. 65
1200-787 Lisbon

, of of 2015

Subject: Annual General Shareholders' Meeting of Impresa - Sociedade Gestora de Participações Sociais, S.A., Public Company, of 29 April of 2015

Dear Sir,
Firm: Registered Office: Postal Code: -
Legal Person Identification Number (NIPC):
Telephone: ; e-mail: ,
holder of
shares, with voting rights, representing the share capital of
Impresa - Sociedade Gestora de Participações Sociais, S.A., Public Company, hereby submits to you the ballot paper for the Annual General Shareholders Meeting to be held on
29 Abril 2015 and expressly declares its intention to vote by post.
Yours faithfully,

(Signature of the Company's representative with indication of its capacity)

Annex: Ballot Paper

1 This communication shall be sent by registered post and received in the Company's registered office until 28

April 2015, without prejudice to the fact that it is mandatory to prove within due time the shareholder's capacity.

distributed by