ESPÍRITO SANTO FINANCIAL GROUP S.A.

Société Anonyme

Registered Office: 22/24 boulevard Royal, L- 2449 Luxembourg
RCS Luxembourg B 22 232

Espírito Santo Financial Group S.A. announces changes in its Board of Directors

Luxembourg/Portugal - 25 September 2014 - Espírito Santo Financial Group S.A. ("ESFG") (Euronext Lisbon: ESF; Bloomberg: ESF PL; Reuters ESF LS) informs on the resignation, with immediate effect, of the following independent directors:
Mr. Bernard Basecqz
Mr. Fernando Pedro Braga Pereira Coutinho - Chairman of the Audit Committee
Mr. José Manuel Ruivo da Pena - Member of the Audit Committee
Mr. Luís António Burnay Pinto de Carvalho Daün e Lorena - Member of the Audit
Committee

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