Lugar do Espido, Via Norte Apartado 3053 4471-907 Maia Portugal

T (+351) 22 010 79 03 F (+351) 22 010 79 35

www.sonaecapital.pt

SONAE CAPITAL, SGPS, SA

Sociedade Aberta Lugar do Espido, Via Norte, Maia Share Capital: 250,000,000.00 Euro Maia Commercial Registry and Fiscal Number 508 276 756

ANNOUNCEMENT

Sonae Capital, SGPS, S.A. (“Sonae Capital”) announces that, on this date, has reached an agreement with Meridiam Infrastructure Europe II SCA SICAR (“MIE II”), to sell, directly to MIE II or to any of MIE II’s affiliates, Sonae Capital 36% indirect holding in Norscut - Concessionária de Auto-Estradas, S.A., for a total consideration of 42 million euro. The enforcement of the abovementioned agreement is conditional upon a set of conditions precedent namely the non-opposition of the Portuguese Competition Authority.

Maia, 05 April 2016

Capital Social 250.000.000 euros – CRC Maia (matrícula n.º 508 276 756 – Pessoa Colectiva n.º 508 276 756

The Representative for Market Relations,