(Microsoft Word - An372ncio_IN.docx)

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

Public Company

Registered Offices: Avenida Fontes Pereira de Melo, 14, 10.º, 1050-121 Lisboa

Share capital: 118,332,445 Euros

Corporate Person and Lisbon Companies Registry no. 502.593.130

"SEMAPA-2014/2020" BONDS
PAYMENT OF COUPON NR. 1
Holders of "SEMAPA-2014/2020" bonds are hereby notified that the interest relating to coupon nr. 1 will be paid on the 1st of June, the main payer agent being Banco BPI, SA:
Gross* € 1,764.00000000

* Subject to withholding of personal income tax (IRS)/corporate tax (IRC) in accordance with the taxation rules and rates in force on the payment date

Interest on centralized bonds will be paid through Central de Valores Mobiliários, in accordance with the respective regulations (CVM Code: SEMGOE).
Lisbon, 4 May 2015
SEMAPA - SOCIEDADE DE INVESTIMENTO E GESTÃO, SGPS, S.A.

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