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

Sociedade Aberta
Registered Office: Lugar do Espido, Via Norte, Maia
Tax number 502 028 351
Maia Commercial Registration Office
Share Capital 366 246 868

ANNOUNCEMENT ON TRANSACTION BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES ("DIRIGENTES")

Sonaecom, SGPS, S.A. ("Sonaecom") hereby informs, on behalf of its Direct ors and on behalf
of the Directors of its indirectly controlling company Sonae - SGPS, S.A., an d of its respective
related parties, in compliance with the provisions of article 248-B of the Portuguese Securities
Code
(Código

dos Valores Mobiliários) and of

article 14 of the Portuguese Securities
Commission (CMVM) Regulation no. 5/2008, that Sonae - SGPS, S.A. a cquired, through a
transaction over the counter, on the 23 and 24 January 2014, under the te rms authorized by
CMVM, shares representing the share capital of Sonaecom from the Directors and respective
related parties:

The consideration of the acquisition will be determined and settled on the da te of calculation of
the results of the Partial and Voluntary Tender Offer, by the same amount thatt will be paid to the
shareholders that accept the Offer in
the terms and conditions set out i n the Preliminary
Announcement, released by Sonaecom on 29 October 2013.
Sonae - SGPS, S.A., will become the direct holder 78,133,508 (seventy-eight million, one hundred and thirty-three, five hundred and eight) shares and the indirect holder of 194,063,119 (one hundred and ninety-four, sixty-three thousand, one hundred and nineteen) shares, being attributed to Sonae - SGPS, S.A. a total participation of 272,196,627 (two hundred and seventy-two million, one hundred and ninety-six, six hundred and twenty-seven) Sonaecom shares.
This reporting obligation arises from the circumstance that there are common Directors to Sonae - SGPS, S.A. and to Sonaecom, and the control of both companies is attributable to Efanor Investimentos, SGPS, S.A., of which Mr. Belmiro Mendes de Azevedo, Chairman of the Board of Directors of Sonae - SGPS, S.A., is the "ultimate beneficial owner" as the holder of about 99% of the share capital and voting rights of Efanor Investimentos, SGPS, S.A..
Maia, 24 January 2014,
The Market Relations Representative.

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