PRESS RELEASE

CORTICEIRA AMORIM, S.G.P.S., S.A.

RESOLUTIONS ADOPTED AT THE ANNUAL GENERAL MEETING

Mozelos, 29 th March 2010 – CORTICEIRA AMORIM, S.G.P.S., S.A.'s Annual General Meeting held on 29 March 29 2010 adopted the following resolutions:

Items 1 and 2: It was resolved unanimously to adopt the annual financial statements for the year ended 31 December 2009, on both an individual and consolidated basis.

Item 3 It was resolved unanimously to adopt the report on corporate governance - 2009.

Item 4: It was resolved unanimously to adopt the proposal of the Board of Directors on the appropriation of profit.

Item 5: It was resolved unanimously to approve a vote of confidence in the Board of Directors, the Supervisory Board, the Statutory Auditors and in each of its members.

Item 6: It was resolved unanimously to ratify the co-optation as director of Mr José Fernando Araújo Santos Almeida by decision of the Board of Directors' meeting of 31 July 2009.

Item 7: It was resolved unanimously to change the person holding the position of Vice-Chairman of the Company's Board of Directors, which position will henceforth be held by Mr Joaquim Ferreira de Amorim; after this reshuffling, the Board of Directors will be composed as follows: Chairman – Mr António Rios de Amorim; Vice Chairman – Mr Joaquim Ferreira de Amorim; Members – Mr Nuno Filipe Vilela Barroca de Oliveira, Mrs Luísa Alexandra Ramos Amorim, Mr José da Silva Carvalho Neto, Mr André Amorim de Castro and Mr Fernando José Araújo Almeida Santos.

Item 8: It was resolved unanimously to approve the acquisition by the Company of its own shares under Section 319 of the Portuguese Companies Act.

Item 9: It was resolved unanimously to approve the disposal by the Company of its own shares under Section 320 of the Portuguese Companies Act.

Item 10: It was resolved by majority vote to approve the statement of the Remuneration Committee and the Board of Directors on the remuneration policy for members of the Board of Directors, Supervisory Board and other officers as well as members chairing the Annual General Meeting, respectively.

The Board of Directors

For additional information:

Cristina Amorim Investor Relations Tel: + 351 22 747 5400 E-mail: [email protected] www.corticeiraamorim.com

About CORTICEIRA AMORIM, S.G.P.S., S.A.:

While tracing its roots to the XIX Century, CORTICEIRA AMORIM SGPS has become the world's largest cork and cork-derived company in the world, generating over Euro 410 million in sales throughout 103 countries. CORTICEIRA AMORIM SGPS and its subsidiaries are an integral part of a conservationist effort to guarantee the survival of hundreds of thousand of cork trees throughout the Mediterranean Basin. We are proud of our contribution to the correct utilisation of these important forests that are home to several endangered species throughout the region. We encourage you to learn more by visiting informative websites such as www.amorim.com and www.corkfacts.com