Sonaecom : 30.4.2019 - Sonaecom SGPS, S.A. informs on Resolutions taken at the Shareholders’ Annual General Meeting

SONAECOM, S.G.P.S., S.A.

Publicly Listed Company

Head Office: Lugar do Espido - Via Norte - Maia

Tax number 502 028 351

Maia Commercial Registration Office

Share Capital: 230.391.627,38 Euros

Non-binding translation

For information purposes only

Information on Resolutions taken at the Shareholders' Annual General Meeting

Sonaecom, SGPS, S.A. hereby informs, under the terms and for the purposes of Article 249 of the Portuguese Securities Code and of CMVM Regulation no. 5/2008, republished by CMVM Regulation no. 7/2018, that the following resolutions were taken at the Shareholders' Annual General Meeting held today:

1.To approve the Company's Annual Report, the Individual and Consolidated Annual Accounts for 2018, including appendices thereto, as presented by the Board of Directors;

2.To approve the Board of Directors proposal to allocate the net income of Sonaecom Individual accounts, in the amount of 16.866.108,06 euros as follows:

i)843.305,40 euros to legal reserves;

ii)16.022.802,66 euros is paid to shareholders;

The Board of Directors also proposes that the total amount of 16,847,281.48 euros, from Other Reserves, be equally distributed by the shareholders.

Considering that it will not be possible to determine the precise number of own shares that will be held by the company on the date of the abovementioned payment, without limiting the company's capacity to act, we highlight the following:

i)To each issued share it will correspond the gross amount of 0,112 euros;

ii)The amount corresponding to the shares that belong to the Company on the payment day of the abovementioned amount (calculated on said unit gross amount of 0,112

SONAECOM, S.G.P.S., S. A.

Public Company

Head Office: Lugar do Espido, Via Norte, Maia

Registered at the Maia Commercial Registry

Sole Registry and Tax Id nr. 502 028 351

Share Capital: Euro 230.391.627,38

euros per issued share) will not be paid to shareholders, but will instead be maintained in "Other Reserves".

3.To approve a vote of appreciation and confidence in the work performed by the Board of Directors, the Statutory Audit Board and the Statutory External Auditor of Sonaecom, SGPS, S.A., during the year ended 31 December 2018.

4.To approve the ratification of co-option of João Pedro Magalhães da Silva Torres Dolores, assuming the functions of non-executive director, until the expiration of the current mandate, related to the four-year period of 2016/2019, considering the Board of Directors resolution adopted, on the 12th of March 2019.

5.To approve increase the number of members of the Board of Directors from three to four members, for the current mandate (2016/2019).

6.To approve the election, as a member of the Board of Directors, as a non-executive director, until the end of the current term of office for the four-year period of 2016/2019, of Eduardo Humberto dos Santos Piedade, considering the increase of the number of members of the Board of Directors, approved on the five point of agenda.

7.To approve the Remuneration Policy adopted for the members of the Statutory Governing Bodies, as well as Sonaecom's shares attribution plan, and respective Regulations to be applied by the Remuneration Committee, under the proposal previously disclosed.

8.To authorize the Board of Directors, over the next 18 months, to purchase and sale of own shares up to the legal limit of 10% as per the terms of the proposal presented by that body and previously disclosed.

9.To authorize the Board of Directors, over the next 18 months, and under the terms of Paragraph 2 of Article 325-B of Portuguese Company Law, the purchase and holding of shares of the Company by its controlled companies, as per the terms of the proposal presented by that body and previously disclosed.

Note: All approved proposals are available at:

http://www.sonae.com/investidores/assembleia-geral/?l=en

Maia, 30Th April 2019

The Representative for the Market Relations

SONAECOM, S.G.P.S., S. A.

Public Company

Head Office: Lugar do Espido, Via Norte, Maia

Registered at the Maia Commercial Registry

Sole Registry and Tax Id nr. 502 028 351

Share Capital: Euro 230.391.627,38