SDC Investimentos SGPS : Resolutions of the General Meeting of Shareholders

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MATERIAL INFORMATION | Lisbon | May 23, 2016

SDC Investimentos, SGPS, S.A. informs on Resolutions of the General Meeting of Shareholders

SDC Investimentos, SGPS, SA, public company, informs:

1. Shareholders holding 95.527.346 ordinary shares, corresponding to 59,7046% of share capital and 59,7067% of voting rights, were present or represented at the annual general meeting of shareholders held today.

   In this meeting the following proposals were approved:

2. Management report, individual accounts and consolidated accounts of 2015;

3. The transfer of individual net earnings of - 56,66 million Euros to Retained Earnings;

4. A vote of positive assessment on the company's board of directors and supervisory bodies;

5. Management and supervisory bodies of the Company remuneration policy, as prepared by the Remuneration Committee;

6. Election of the Governing Bodies for the triennium 2016-2018:

Board of the Shareholders's General Meeting President: Júlio de Lemos de Castro Caldas Company Secretary: Jorge Manuel de Oliveira Alves

Board of Directors

President: Manuel Fernando de Macedo Alves Monteiro

Members of the Board of Directors:

José Manuel Baptista Fino, appointed by Investifino, Ltd, NIPC MT 20993621, to exercise the office in his own name.

António Manuel Pereira Caldas Castro Henriques Pedro Gonçalo de Sotto-Mayor de Andrade Santos

Supervisory Board

President: Jorge Bento Martins Ledo

Members of the Supervisory Board: António Manuel Formigal de Arriaga Ana Maria Celestino Alberto dos Santos

Alternate member: Júlio de Jesus Pinto

Audit Board

Sitting member: Deloitte & Associados, SROC S.A., NIPC 501 776 311, Nº 43 from OROC, represented by António Manuel Martins Amaral, ROC nº 1130

Alternate member: Paulo Alexandre Rocha Silva Gaspar, ROC nº 1300

Remuneration Committee

President: Júlio de Lemos de Castro Caldas

Members of the Remuneration Committee: Martim Salema de Sande e Castro Fino João Pessoa e Costa

SDC Investimentos, SGPS, SA, further informs that all resolutions were adopted unanimously.

7. At the meeting of the Board of Directors, which followed the General Assembly, the following resolutions were approved:

8. To appoint an Executive Committee with the following composition:

   President: António Manuel Pereira Caldas de Castro Henriques Alternate member: Pedro Gonçalo de Sotto-Mayor de Andrade Santos

9. To appoint a Company Secretary: Jorge Manuel de Oliveira Alves

SDC- Investimentos, SGPS, SA