Maia, 2 December 2016

(Translation from the Portuguese original) Sonae – SGPS, SA (Sonae) hereby announces that through Sonae MC, it has entered into an agreement with the shareholders of GO WELL - Promoção de Eventos, Catering e Consultoria, S.A. (Go Well) for the acquisition of a 51% stake of Go Well. Go Well operates 22 healthy food restaurants in Portugal, typically in shopping centres, in a variety of formats such as grab&go, sushibar, made to order and breakfasts. Go Well operates exclusively under the “Go Natural” brand and recorded a Turnover of 6.4 million euros in 2015. This acquisition is aligned with Sonae MC’s ambition of growing its presence in Health & Wellness, particularly in the healthy food segment, and fits Sonae’s strategic pilar: strengthen and leverage on Sonae’s key assets and competencies. The completion of the transaction is subject to the approval of the Portuguese Competition Authority and the fulfillment of other conditions which require agreements with 3rd parties.

The Representative for Market Relations,

Head Office Lugar do Espido, Via Norte, Maia Share Capital: €2.000.000.000,00 Maia Commercial Registry and Fiscal Number 500273170 Sociedade Aberta

For further information, please contact the Investor Relations Department at Sonae: PATRÍCIA VIEIRA PINTO Head of Investor Relations / Sonae T. +351 220 104 724 // E. [email protected] www.sonae.pt