Qualified Holding

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Portugal Telecom, SGPS, S.A. ("PT") hereby informs that UBS AG ("UBS AG") now holds more than 5% of the share capital of PT.

On 13 March 2014, UBS AG, Zurich and Basel acquired a total of 1,018,400 PT ordinary shares, over the counter. As a result of such transaction, UBS AG holds a qualified holding corresponding to a total of 45,736,067 PT ordinary shares representing 5.1% of PT's share capital and corresponding voting rights as follows:

  • 29,492,450 shares representing 3.29% of the share capital and voting rights in PT are held by UBS AG;
  • 7,032,261 shares representing 0.78% of the share capital and voting rights in PT are held in the name of UBS AG on behalf of several of its clients;
  • 9,211,355 shares representing 1.03% of the share capital and voting rights in PT are held by the following subsidiaries of UBS AG:
    • CCR Asset Management: 1,265,840 PT shares;
    • UBS Financial Services Inc.: 23,569 PT shares;
    • UBS Fund Management (Switzerland) AG: 767,420 PT shares;
    • UBS Fund Services (Luxembourg) SA: 5,545,370 PT shares;
    • UBS Global Asset Management (Australia) Ltd: 12,538 PT shares;
    • UBS Global Asset Management (Hong Kong) Ltd: 729,693 PT shares;
    • UBS Global Asset Management (Japan) Ltd: 366,447 PT shares;
    • UBS Global Asset Management (Singapore) Ltd: 27,438 PT shares;
    • UBS Global Asset Management (UK) Ltd: 352,322 PT shares;
    • UBS Global Asset Management Life Ltd: 120,718 PT shares.


This statement is pursuant to the terms and for the purposes of articles 17 of the Portuguese Securities Code and 2 of the Portuguese Securities Commission Regulation no. 5/2008, following a communication received by fax from UBS AG, Postfach 8098 Zurich, Switzerland.

Contacts: Nuno Vieira, Investor Relations Director
nuno.t.vieira@telecom.pt
Tel.: +351 21 500 1701
Fax: +351 21 500 0800

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