CTT-Correios de Portugal

Report Publication Announcement • Apr 19, 2010

Announcement | Lisbon | 16 April 2010

Filing of Annual Report on Form 20-F

Portugal Telecom, SGPS S.A. ("PT") filed, on April 16, 2010, its Annual Report on Form 20-F for the year ended 31 December 2009 with the U.S. Securities and Exchange Commission (the "SEC").

In compliance with the rules of the New York Stock Exchange, the Form 20-F will be available on our website at http://ir.telecom.pt. In addition, all shareholders of PT may request, free of charge, a hard copy of our complete audited financial statements filed with the SEC.

To request a hard copy of PT's audited financial statements, shareholders should contact Nuno Vieira, Investor Relations Director, whose contact information is below.

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

Portugal Telecom, SGPS, SA Avenida Fontes Pereira de Melo, 40 1069-300 Lisbon Portugal

Public company Share capital Euro 26,895,375 Registered in the Commercial Registry Office of Lisbon and Corporation no. 503 215 058 Portugal Telecom is listed on the Euronext and New York Stock Exchange. Information may be accessed on the Reuters under the symbols PTC.LS and PT and on Bloomberg under the symbol PTC PL.

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

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