Microsoft Word - COM_PQBPI_ING SEMAPA - Sociedade de Investimento e Gestão, SGPS, S.A.

Public Limited Company

Registered Office: Av. Fontes Pereira de Melo, no. 14, 10th, Lisboa

Share Capital: 81,645,523 Euro

Corporate Person and Lisbon Companies Registry: 502593130

DISCLOSURE QUALIFYING HOLDING

According to Article 17 of the Securities Code, we hereby disclose that on 31 July 2015
Banco BPI, S.A. reported to Semapa the following:
"1. On 29 July 2015, the Pension Fund of Banco BPI (hereinafter the "Pension Fund") held 10,845,855 shares, representing 10.18% of the share capital of Semapa - Sociedade de Investimento e Gestão, SGPS, S.A.;
2. After accepting the public offer for the exchange of shares of Semapa - Sociedade de Investimento e Gestão, SGPS, S.A. for shares of Portucel, S.A., and since the aforementioned date, the Pension Fund of Banco BPI ceased to hold shares of Semapa - Sociedade de Investimento e Gestão, SGPS, S.A.;
3. Therefore, following this transaction, Banco BPI, S.A., which had an interest in Semapa - Sociedade de Investimento e Gestão, SGPS, S.A. held by the Pension Fund of Banco BPI, no longer has a stake in the aforementioned
company."
Lisbon, 5 August 2015
Company Secretary,
(Rui Gouveia)

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