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, SA (Sonae Capital) informs that its subsidiary, Contacto Concessões, SGPS, SA, has received from the company Norscut - Concessionária de Scut Interior Norte, SA (NORSCUT) the amount of 27.9 million euro, as reimbursement of loans and dividends distribution. This is the first step of Norscut’s divestment process, aligned with Sonae Capital strategy of selling non-core assets.

Maia, 17th of December 2015

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

The Representative for Capital Market Relations,