Société Anonyme

Registered Office: 22/24 boulevard Royal, L-2449 Luxembourg

R.C.S. Luxembourg B 22.232

ESPÍRITO SANTO FINANCIAL GROUP S.A. PROVIDES ADDITIONAL INFORMATION ON SALE OF 4.99% OF BANCO ESPÍRITO SANTO S.A.

Luxembourg/Portugal - 14 July 2014 - Espírito Santo Financial Group S.A. ("The Company") (NYSE Euronext Lisbon: ESF; Bloomberg: ESF PL; Reuters ESF LS) provides additional information on sale of shares of Banco Espírito Santo S.A ('BES').

The number of ordinary shares of BES sold on 14 July 2014, equal to 4.99% of the BES, in terms of share capital and voting rights, was 281,248,084 shares. The transaction was completed by way of an Over the Counter ("OTC") operation at EUR

0.34 per share. The transaction is now complete.

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The Espírito Santo Financial Group provides, through its subsidiaries, a global and diversified range of
financial services to its clients including Commercial banking, Insurance, Investment banking, Stockbrokerage and Asset management in
Portugal and internationally. For additional information on Espírito
Santo Financial Group, its subsidiaries, operations and results, please visit the Company's website on
www.esfg.com

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