P.TELECOM : Qualified holding - Capital Group International

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Portugal Telecom, SGPS S.A. ("PT") informs that Capital Group International, Inc ("CGII") now holds more than 2% of the voting rights corresponding to the share capital of PT.

Such new holding resulted from the acquisition, on 8 February 2013, on regulated market, of a total of 70,000 PT American Depository Shares ("ADS") and of 3,720,010 PT shares.

As a result of the above mentioned transactions, a qualified holding corresponding to 21,130,230 ordinary shares (including 70,000 ADS), representing 2.36% of PT's share capital and corresponding voting rights is now attributed to CGII.

PT was further informed that the shares reported in this disclosure are owned by accounts under the discretionary investment management of the following investment management companies (which parent company is CGII):

It was further communicated that Capital International Investors, a division of Capital Research and Management Company ("CRMC"), shares investment research and proxy voting decision making with CGII management companies, and CGII, its investment management subsidiaries and the Capital International Investors division of CRMC provide investment management services under the trade name "Capital International Investors".

Finally, CGII informed that The Capital Group Companies, Inc. ("CGC") is the parent company of CGII, but CGC does not vote nor own PT shares.

This statement is pursuant to the terms and for the purposes of article 17 of the Portuguese Securities Code and the Portuguese Securities Commission Regulation no. 5/2008, following a communication received by fax from CGII, with registered office at 11100 Santa Monica Blvd., 15th Floor Los Angeles, CA 90025, U.S.A..

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