Sonae Capital, S.g.p.s., S.a. announced that it has received a letter from EFANOR INVESTIMENTOS, SGPS, S.A., according to which: Mr. Belmiro Mendes de Azevedo has decided not to be a candidate to the membership of Sonae Capital's Board of Directors that will be elected at the next Annual General Meeting, to be held on March 31, 2015. Duarte Paulo Teixeira de Azevedo is to be proposed by EFANOR INVESTIMENTOS, SGPS, S.A. on Sonae Capital's Annual General Meeting. Taking into full consideration the duties of Sonae Capital's Board of Directors and its legal and statutory autonomy regarding the appointment of its Chairman and CEO, it will be proposed to the Board of Directors, to be elected on March 31st, that Duarte Paulo Teixeira de Azevedo should be appointed as Chairman.