GENERAL MEETING'S PREPARATORY DOCUMENTS | Porto | May 27, 2014 Proposal/ Item 3

(Translated from the Portuguese Original)

Hon. Mr
Chairman of the Board of the General Meeting
Grupo Soares da Costa, SGPS,S.A.
Chairman of the Board of the General Meeting,
INVESTIFINO SGPS Limited, as a qualified shareholder of the company, relatively to ITEM
3 of the annual general meeting's agenda, scheduled to May 27, 2014, presents the following

PROPOSAL

Taking into consideration the company and the Group's performance in 2013, particularly, again, at a time of strongly adverse circumstances, it is proposed to be positively appreciated and approved the performance of the Board of Directors during the year under review. It is further proposed that this resolution be extended to the supervisory board of the Company.
Kind regards,

Investifino SGPS Limited

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