Sonae Indústria, SGPS, S.A.

Registered Office: Lugar do Espido, Via Norte, Maia, Portugal Registered at the Commercial Registry of Maia Registration and Tax Nº 506 035 034
Share Capital: € 700,000,000.00
Publicly Traded Company
(Issuer)

RESULTS OF THE PUBLIC OFFERING FOR SUBSCRIPTION OF UP TO 15,000,000,000 ORDINARY, NOMINAL, BOOK ENTRY SHARES, WITHOUT PAR VALUE, TO BE ISSUED WITHIN THE CAPITAL INCREASE OF SONAE INDÚSTRIA SGPS, S.A., ADDRESSED TO SHAREHOLDERS WITH PRE-EMPTION RIGHTS, INVESTORS WHO PURCHASE SUBSCRIPTION RIGHTS AND TO THE GENERAL PUBLIC

Under the terms and for the purposes of Article 127º of the Portuguese Securities Code, we hereby announce the results of the public offer for subscription of up to 15,000,000,000 shares to be issued by Sonae Indústria, in the context of its capital increase from €700m to a maximum of €850m, addressed to shareholders with pre- emption rights, investors who have acquired subscription rights and to the general public ("Offer"):

1. Results of the Offer addressed to shareholders and holders of subscription rights, determined by Banco Português de Investimento, S.A.

Shareholders with pre-emption rights and investors who have acquired subscription rights have subscribed for 11,025,455,663 shares representing 73.50% of the total shares that could be issued in the scope of this Offer:

Recipients

Number of shares

subscribed through exercise of rights

Number of shares

subscribed under allotment

Total number of shares

subscribed

Shareholder with pre-

emption rights and holders of subscription rights

10,843,403,094

182,052,569

11,025,455,663

2. Results of the Offer addressed to the general public, determined by Euronext - Sociedade Gestora de Mercados Regulamentados, S.A.

Under the subscription orders made by the general public 90.951.754 shares were subscribed, representing 0.61% of the total shares that could be issued in respect of this Offer.

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Considering that 3.883.592.583 shares have not been subscribed in the Offer, these will be offered for subscription to institutional investors (qualified in legal terms), on a best effort basis, under the terms of the institutional placement agreement between Sonae Indústria, SGPS, S.A. and the Global Coordinators of the Offer, Banco Português de Investimento, S.A., Banco Espírito Santo de Investimento, S.A., Caixa - Banco de Investimento, S.A. and Banco Comercial Português, S.A.. The results of the global placement shall be released on 28 November 2014.
The physical and financial settlement of the shares subscribed in the scope of the Offer, as well as the physical and financial settlement of the shares that eventually will be placed with institutional investors, is expected to occur on 28 November 2014.
The admission to trading of the new shares has already been requested to Euronext - Sociedade Gestora de
Mercados Regulamentados, S.A. The admission to trading of the new shares is expected to take place on 4
December 2014 and is dependent on the registration of the share capital increase in the Portuguese
Commercial Registry. Porto, 26 November 2014
The Issuer
Sonae Indústria, SGPS, S.A.
The Global Coordinators of the Offer Banco Português de Investimento, S.A. Banco Espírito Santo de Investimento, S.A. Banco Comercial Português, S.A.
Caixa - Banco de Investimento, S.A.

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