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Portugal Telecom, SGPS S.A. ("PT") filed, on 30 April, 2014, its Annual Report on Form 20-F for the year ended 31 December 2013 with the U.S. Securities and Exchange Commission (the "SEC").

In compliance with the rules of the New York Stock Exchange, the Form 20-F will be available on our website at http://ir.telecom.pt. In addition, all shareholders of PT may request, free of charge, a hard copy of our complete audited financial statements filed with the SEC.

To request a hard copy of PT's audited financial statements, shareholders should contact Nuno Vieira, Investor Relations Director, whose contact information is below.

Contacts:

Nuno Vieira, Investor Relations Director
nuno.t.vieira@telecom.pt
Tel.: +351 21 500 1701
Fax: +351 21 500 0800

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