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Pursuant to the terms of subparagraph a) of article 3 of the Portuguese Securities Commission Regulation no. 5/2008 and article 248 of the Portuguese Securities Code, Portugal Telecom, SGPS S.A. ("PT") announces that Amílcar Carlos Ferreira de Morais Pires has resigned from the respective office as non-executive member of PT's Board of Directors.

Contacts: 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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