SONAECOM, S.G.P.S., S. A.

Public Company
Head Office: Lugar do Espido, Via Norte, Maia Registered at the Maia Commercial Registry Sole Registry and Tax Id nr. 502 028 351
Share Capital: Euro 230,391,627.38

REDUCTION OF THE SH RE CAPITAL FOLLOWING THE RESULT OF THE GENERAL AND VOLUNTARY ACQUISITION OF OWN SHARES

Sonaecom, SGPS, S.A. ("Sonaecom")
hereby informs that, following the
resolution
by the
Shareholders' Extraordinary General Meeting, held on 18 November 2013 to reduce the share capital by the cancellation of own shares acquired within the General and Vo luntary acquisition
of own shares which took place between 5 and 19 February 2014 ("Offer") and reduction of the
nominal value of the remaining shares
of the Company, considering the result of said Offer
made available
to the public on 20
February 2014, the share capital
was reduced in
€ 135,855,240.62 (one hundred and thirty five million, eight hundred and fifty five thousand, two hundred and forty Euros and sixty two cents) by means of cancellation of 54..906.831 (fifty four
million, nine hundred and six thousand, eight hundred and thirty one Euros) a nd reduction of the
nominal value of the remaining shares of the Company in the amount, per
share, of € 0,26
(twenty six cents). Therefore, the share capital of the Company is now of € 230.391.627,38 (two hundred and thirty million, three hundred and ninety one thousand, six h undred and twenty seven euros and thirty eighty cents), represented by 311.340.037 (three hu ndred and eleven million, three hundred and forty thousand and thirty seven) shares, with the nominal value of
€ 0,74 (seventy four cents).
Sonaecom hereby also informs that the paragraphs 1 and 2 of article fifth
Association, shall be read hereinafter as follows:
of the Articles of

"ARTICLE FIFTH Share Capital

1. The share capital is of € 230.391.627,38 (two hundred and thirty mill ion, three hundred and ninety one thousand, six hundred and twenty seven euros and thirty eighty cents) and is fully subscribed and paid up;

2. The share capital is divided in 311.340.037 (three hundred and eleven million, three hundred and forty thousand and thirty seven) ordinary, book-entry and registered shares, each with the nominal value of € 0,74 (seventy four cents)."

Maia, 12 March 2014,
The Market Relations Representative

distributed by