COFINA - SGPS, S.A.

Company issuing shares admitted to trading on a regulated market

Registered Office: Rua Manuel Pinto de Azevedo, 818, Oporto

Share Capital: Euro 25,641,459

Registered at the Commercial Registry Office of Oporto

Sole registration and tax number 502 293 225

Resolutions taken at the Shareholders' Extraordinary General Meeting

COFINA, SGPS, S.A. hereby announces, under the terms and for the purposes of Article 29-K(1)(g) of the Portuguese Securities Code and Article 5 of CMVM Regulation no. 1/2023, having been present or represented shareholders holding 73,113,043 shares corresponding to 71.28% of the voting rights, that the following resolutions were taken at the Shareholders' Extraordinary General Meeting held today:

Agenda/Proposals

For

Against

Abstain

No. Issued Votes

% Share Capital

1.

Approval of the sale of all the shares representing the share capital

and voting rights of its wholly owned subsidiary, Cofina Media, S.A., under

99.64%

0%

0.36%

73,113,043

71.28%

item three or item four or item five of the agenda

2. Subject to (i) the approval of the proposed resolution under Point One

of the Agenda; (ii) the completion of the sale, under the terms of Point

Three or Four of the Agenda; and (iii) the conclusion of all relevant legal or

0.43%

99.57%

0%

73,113,043

71.28%

arbitration proceedings in progress at Cofina SGPS, S.A.; approval of the

dissolution and liquidation of Cofina, SGPS, S.A.

3. Subject to the approval of the proposed resolution on Point One of the

Agenda, approval of the final offer ("best and final offer") submitted by

100%

0%

0%

31,082,312

30.30%

Expressão Livre, SGPS, S.A., which was selected by the Board of

Directors in first place

4. Subject to (i) the approval of the proposed resolution under Point One

of the Agenda; and (ii) non-approval of the proposed resolution on Point

Three of the Agenda; approval of the final offer ("best and final offer")

-

-

-

-

-

submitted by the Media Capital Group, which was select-ed by the Board

of Directors in second place

5.

Subject to (i) the approval of the proposed resolution of Point One of

the Agenda; and (ii) the non-approval of any of the proposed resolutions

on Points Three and Four of the Agenda; approval of a mandate to the

-

-

-

-

-

Board of Directors of Cofina SGPS, S.A. to seek alternative proposal for

the sale of the shareholdings held in Cofina Media, S.A.

6. Subject to the approval of one of the proposed resolutions under Point

Three or Point Four of the Agenda, definition of the use to be made of the

proceeds from the sale of the share-holdings held by Cofina SGPS, S.A.

in Cofina Media, S.A., namely whether the shareholders oppose to the

Board of Directors of Cofina SGPS, S.A., considering the opportunity and

convenience of immediately start the process of actively seeking for

99.64%

0.36%

0%

73,113,043

71.28%

alternative in-vestments in the market, the shareholders may postpone the

initiation of such process to a later date, particularly in view of the

importance that the knowledge of possible decisions in relevant judicial or

arbitration proceedings in progress in the sphere of the Cofina SGPS, S:A. may have in conducting and deciding on alternative investments

Porto, 26 October 2023

The Board of Directors

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Cofina SGPS SA published this content on 26 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2023 15:57:58 UTC.