[PDF 40KB]

Portugal Telecom, SGPS S.A. ("PT") informs that it was notified of the following regarding a long position held by Société Général S.A. ("SG"):


A) 2% threshold exceeded (25 February 2013)

This holding results from the acquisition by SG, on 25 February 2013, of 4,331,026 PT ordinary shares representing 0.48% of PT's share capital. As a result of such transaction, SG held a long position corresponding to 2.01% of PT's share capital and corresponding voting rights, as follows:

Ordinary shares

% of PT's share capital & voting rights

5,189,994 PT ordinary shares 

 0.58%

Financial Instrument Expiration Date 

Exercise/
Conversion Date 

% of PT's share capital & voting rights

One Equity Linked Swap

  11 March 2013

 1.12%

One Equity Linked Swap

  28 May 2013

 0.11%

One Equity Linked Swap

28 May 2013

 0.11%

One Equity Linked Swap (cash settled)

21 March 2013

 0.05%

Two Listed Puts at the owner or issuer initiaticve Swap

15 March 2013

15 March 2013

 0.04%

Total

2.01%

B) Holding and position fell below 2% threshold (26 February 2013)

This holding results from the disposal by SG, on 26 February 2013, of 3,971,828 shares PT shares representing 0.44% of PT's share capital. As a result of such transactions, SG now holds a long position corresponding to 1,56% of PT's share capital and corresponding voting rights, as follows:

Ordinary shares

% of PT's share capital & voting rights

1,218,166 PT ordinary shares

0.13%

Financial Instrument Expiration Date

Exercise
/Conversion Date

% of PT's share capital & voting rights

One Equity Linked Swap

11 March 2013

1.12%

One Equity Linked Swap

28 May 2013

0.11%

One Equity Linked Swap

28 May 2013

0.11%

One Equity Linked Swap (cash settled)

21 March 2013

0.05%

Two Listed Puts at the owner or issuer initiaticve Swap

15 March 2013

15 March 2013

0.04%

Total

1.56%

This statement is pursuant to the terms and for the purposes of article 2-A of the Portuguese Securities Commission Regulation no. 5/2008, following a communication received from SG, with registered office at 29 Bvd. Haussmann, 75009 Paris, France.

distributed by