Portugal Telecom has appointed Jorge Freire Cardoso to its Board of Directors. He will complete the current term of office (2012-2014) of Joaquim Anibal Brito Freixial de Goes, a representative of Banco Espirito Santo who has submitted his resignation from the board. The appointment will be submitted to ratification at the next shareholders meeting of Portugal Telecom.

Jorge Freire Cardoso is an executive from Caixa Geral de Depositos.