ORDER

As disclosed, two separate proposals were received by the Board of the General Meeting, one presented by the Board of Directors and the other by the shareholder Telemar Norte Leste S.A., to be evaluated in the context of the first item of the General Meeting Agenda to be held on April 14, 2021 or, in a second call, on April 30, 2021.

The material differentiation between the two proposals, which deal with possible changes in the Company's Bylaws, is limited to the provisions on limitations on the exercise of the right to vote by shareholders, registered in Articles 12 and 13 of the Bylaws. In all other suggested changes there is coincidence and absolute convergence in the proposals.

Thus, it has a logical and useful sense also to circumscribe the consideration of proposals as an alternative to the only scope in which they differ.

That is why it is decided to first vote, alternatively, to the new wording proposed by the Board of Directors for Articles 12(1) (a), (b) and (d), and 13 with the deletion of the content of current paragraphs 10, 11, 12 and 14 (alias "disarmor") and, by default, the maintenance of these precepts with the current wording (alias "no disarmor") as proposed by Telemar Norte Leste S.A.

After determined the will of the shareholders on the maintenance or suppression of limitations to the exercise of the right to vote, will then be submitted to a proposal vote that corresponds to all other provisions of the statutes whose amendment is suggested and in which there is absolute coincidence in the initiatives of the Board of Directors and Telemar Norte Leste S.A.

Consequently, the Ballot Papers made available to shareholders are also adapted.

Lisbon, 23 March 2021

The Chairman of the General Meeting

_______________________________________

Diogo Campos Barradas de Lacerda Machado

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