Qualified Holding



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Portugal Telecom, SGPS, S.A. ("PT") hereby informs that UBS AG now holds less than 5% of the share capital of PT.

On 31 July 2014, UBS AG, Zurich and Basel disposed of a total of 3,191,428 PT ordinary shares, over the counter. As a result of such transaction, UBS AG holds a qualified holding corresponding to a total of 42,837,197 ordinary shares representing 4.78% of PT's share capital and corresponding voting rights, as follows:

  • 27,449,004 shares representing 3.06% of the share capital and voting rights in PT are held by UBS AG;
  • 7,613,553 shares representing 0.85% of the share capital and voting rights in PT are held in the name of UBS AG on behalf of several of its clients;
  • 7,774,640 shares representing 0.87% of the share capital and voting rights in PT are held by the following subsidiaries of UBS AG:
    • CCR Asset Management: 125,840 PT shares;
    • UBS Bank S.A.: 7,500 shares;
    • UBS Financial Services Inc.: 326,267 PT shares;
    • UBS Fund Management (Switzerland) AG: 249,252 PT shares;
    • UBS Fund Services (Luxembourg) SA: 6,502,640 PT shares;
    • UBS Global Asset Management (Australia) Ltd: 12,538 PT shares;
    • UBS Global Asset Management (Japan) Ltd: 304,033 PT shares;
    • UBS Global Asset Management (Singapore) Ltd: 27,438 PT shares;
    • UBS Global Asset Management (UK) Ltd: 39,799 PT shares;
    • UBS Global Asset Management Life Ltd: 179,333 PT shares.

This statement is pursuant to the terms and for the purposes of articles 17 of the Portuguese Securities Code and 2 of the Portuguese Securities Commission Regulation no. 5/2008, following a communication received by fax from UBS AG, Postfach 8098 Zurich, Switzerland.

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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