Mota-Engil

Interim / Quarterly Report • Sep 2, 2021

2021 Management Report

Interim Consolidated Financial Information

Highlights

€7.4 bn

€1.1 bn

Strong backlog, reaching a record of €7.4 bn

Turnover of €1.1 bn, a slightly decrease YoY (2%)

€181 mn

Interim Consolidated Financial Report 2021 2

EBITDA of €181 mn, with a margin of 16%

€8 mn

€1,141 mn

Net debt of €1,141 mn, with a net debt / EBITDA ratio of 2.7x €98 mn

Capex of €98 mn

Consolidated Net profit of €8 mn, an increase of €13 mn YoY

TURNOVER EBITDA

(*) Includes the Europe region and others, eliminations and intra-group

(**) Includes the Africa and Latin America regions

INCOME STATEMENT THOUSAND EUROS	1H21	% T	∆	1H20	% T
Sales and services rendered (Turnover - T)	1,138,185		(1.6%)	1,157,191
EBITDA(*)	180,703	15.9%	25.4%	144,075	12.5%
Amortisations and depreciations, provisions and impairment losses	-112,893	(9.9%)	(1.4%)	-111,373	(9.6%)
EBIT(**)	67,810	6.0%	107.4%	32,702	2.8%
Net financial results (***)	-44,519	(3.9%)	(5.3%)	-42,262	(3.7%)
Gains / (losses) in associates and jointly controlled companies	6,861	0.6%	115.7%	3,181	0.3%
Gains / (losses) in the acquisition and disposal of subsidiaries, jointly controlled and associated companies	0	0.0%	-	3,655	0.3%
Net monetary position	4,624	0.4%	(37.2%)	7,359	0.6%
Income before taxes	34,776	3.1%	650.3%	4,635	0.4%
Consolidated net profit of the period	21,773	1.9%	116.6%	10,051	0.9%
Attributable to:
Non-controlling interests	14,179	1.2%	(6.0%)	15,092	1.3%
Group	7,594	0.7%	-	-5,041	(0.4%)

(*) EBITDA corresponds to the algebraic sum of the following captions of the consolidated income statement by natures: "Sales and services rendered"; "Cost of goods sold, materials consumed and Changes in production"; "Third-party supplies and services"; "Wages and salaries"; "Other operating income / (expenses)"

(**) EBIT corresponds to the algebraic sum of EBITDA with the following captions of the consolidated income statement by natures: "Amortisations and depreciations", "Impairment losses" and "Provisions" (***) Net financial results corresponds to the algebraic sum of the following captions of the consolidated income statement by natures: "Financial income and gains" and "Financial cost and losses"

The accounts included in this Interim Report have not been audited.

Index

01

Interim Consolidated Management Report

1.1	Economical and financial environment	6
1.2	Analysis of economic and financial performance	7
1.3	Analysis by business areas	12
1.4	Sustainability and social responsibility	15
1.5	Outlook	16
1.6	Other Subjects	16
1.7	Subsequent events	17
1.8	Mota-Engil in Stock Market	18

Interim Consolidated Financial Information

2.1	Consolidated Income Statements by Natures	21
2.2	Consolidated Statements of Other Comprehensive Income	22
2.3	Consolidated Statements of Financial Position	23
2.4	Consolidated Statements of Changes in Equity	24
2.5	Consolidated Statements of Cash-Flows	26
2.6	Notes to the Consolidated Financial Statements	27
2.7	Appendix A	40

Mandatory Information 48

1.1 Economical and financial environment

The first half of 2021, as well as the majority of 2020, continued to be strongly impacted by the spread and mitigation of "SARS-CoV-2" virus, which rapidly originated a worldwide pandemic (Covid - 19) that, as of this date, was responsible for approximately 219 million infected people and approximately 4.5 million of deaths.

Furthermore, either in Portugal and in the majority of the other countries where the GROUP develops its activity, the pandemic in the semester was again responsible for several mandatory confinements of populations, closure of borders, constraints on the free circulation of goods and equipments and, among others, implementation of strict public health measures, which negatively impacted the economic activity, although in a lesser extent than in the first half of 2020.

However, as a result of the worldwide proliferation and success of the vacionation process, the recovery of the economy has being gradually taking place in several parts of the world (although asymemetrically between rich and poor countries), being the future outlook very encouraging.

Thus, the latest OCDE forecasts point to a world economic growth in 2021 of circa of 5.8% and in 2022 of circa of 4.4% (4.3% and 4.4%, respectively, for the Euro Zone).

On the other hand, as a result of the maintenance of the expansionist monetary policies jointly implemented by the main world central banks, the interest rates in the first half of the year remained at stable levels, namely in Europe and in the United States of America. However, regarding commodities, a significant increase in their prices occured, namely in oil, cooper and steel, which is starting to generate some inflationary pressures that could lead to an inflection of the above referred monetary policies.

Taking in consideration the overall environment described above, the GROUPS'S activity in the first half of 2021 continued to be impacted by the pandemic, although its effects had been anticipated and mitigated in a more efficient way, which allowed to reduce its magnitude.

1.2 Analysis of economic and financial performance

Still as a result of some logistics and sanitary constraints occurred in some of the markets where the GROUP operates, mainly associated with the Covid – 19 pandemic, the turnover (**) in the first half of 2021 amounted to 1,138 million euros, a slight decrease of circa of 2% when compared with the first half of 2020. However, it should be highlighted the asymmetric behaviour of that indicator between regions, having Latin America contributed with an increase of its turnover of circa of 10%, having Europe maintained its performance and having Africa contributed with a decrease of circa of 16%.

Following the above referred, Europe was the region that most contributed to the GROUP's turnover in the first half of 2021 with a 41% contribution (40% in the first half of 2020), followed by Latin America with 30% (26% in the first half of 2020) and Africa with 29% (33% in the first half of 2020). Furthermore, in the first half of 2021, in the Europe region, the Engeneering & Construction (E&C) business contributed with 27% to the GROUP 's turnover (29% in the first half of 2020) and the Environment & Services business (E&S) with 14% (12% in the first half of 2020).

(**) Turnover corresponds to the consolidated income statement by natures caption of "Sales and services rendered"

(***) Includes the EBITDA generated in the Europe region and others, eliminations and intra-group (****) Includes the EBITDA generated in the Africa and Latin America regions

In the first half of 2021, as a result of a more profitable backlog, an higher operational efficiency and an extraordinary correction of tariffs in EGF's concessionary companies, the GROUP's EBITDA reached 181 million euros (144 million euros in the first half of 2020), an increase of 25%, having this one been positively impacted by the performance of all regions – Europe with an increase of 49%, Africa with an increase of 9% and Latin America with an increase of 42%. Therefore, as a result of the aforementioned, the EBITDA margin (EBITDA / Turnover) in the first half of 2021 reached 16%, an increase of 4pp when compared with the first half of 2020.

On the other hand, in the first half of 2021, the EBITDA generated in businesses other than E&C represented 37% of the total.

Regarding EBIT, this one amounted in the first half of 2021 to 68 million euros (33 million euros in the first half of 2020), an increase of 107%, having it been positively impacted by the increase occurred in EBITDA and by the recording of provisions and impairment losses in a lower amount and negatively impacted by the increase in amortisations, following the reavaluation performed in the first half of the year to the heavy equipment's assigned to the E&C business.

In the first half of 2021, in order to start some relevant projects, the GROUP invested a total of 98 million euros, of which it is worth to highlight 44 million euros assigned to medium and long term contracts, namely in South Africa, Mexico and Guinea-Conakry, circa of 15 million euros assign to the E&C business in Mexico and circa of 14 million euros assign to the execution of the investment plan established for the EGF concessionary companies.

On the other hand, it is worth to point out that: (i) 70% of the investment performed was chanelled to long term contracts and to growth activities; (ii) the investment performed in the E&C business (35 million euros) corresponded to an amount of circa of 4% of its turnover, and (iii) the maintenance investment represented 3% of turnover.

^(*) Capex corresponds to the algebraic sum of the increases and disposals of tangible assets, intangible assets and rights of use assets occurred in the period.

^(**) Long-term contracts correspond to the mining contracts in Africa and to the energy business in Latin America.

As at June 30, 2021, net debt1) amounted to 1,141 million euros, a decrease of circa of 102 million euros when compared with December 31, 2020, justified, essentially, by the share capital increase occurred in May (circa of 103 million euros) and the efficient working capital management in the semester.

As at June 30, 2021, net debt plus factoring2) and leasing3) operations amounted to 1,714 million euros, a decrease of 54 million euros when compared with December 31, 2020.

As a result of the debt evolution and the operational performance in the semester, the ratio that compares the total net debt with the EBITDA in the last 12 months reached 2.7x (3.4x at June 30, 2020).

Gross debt4) at June 30, 2021 amounted to 1,846 million euros, being 45% contracted at a variable rate with an average cost of 5.0% (5.0% at December 31, 2020). On the other hand, at June 30, 2021, 87% of the total gross debt was denominated in euros and had an average maturity of 2.2 years (2.4 years at December 31, 2020).

Lastly, at June 30, 2021, the GROUP maintained available unused credit lines of circa of 176 million euros resulting in a total amount of effective liquidity5) of 880 million euros, corresponding to approximately 48% of the total gross debt.

(*) 1-year net debt includes all the Angolan and Mozambique public debt securities (of Angola, of Mozambique and of Ivory Coast at December 31, 2020) recorded under the captions "Other financial investments recorded at amortised cost" of the consolidated statement of financial position.

1) Net debt corresponds to the algebraic sum of the following captions of the consolidated statement of financial position: "Cash and cash equivalents without recourse – Demand deposits", "Cash and cash equivalents with recourse – Demand deposits", "Cash and cash equivalents with recourse – Term deposits", "Other financial investments recorded at amortised cost", "Loans without recourse" and "Loans with recourse". It should be noted that the leasing and factoring operations established by the Group are not accounted under the aforementioned captions.

2) Factoring operations are recorded in the consolidated statement of financial position under the caption "Other financial liabilities".

3) Leasing operations are recorded in the consolidated statement of financial position under the captions "Lease liabilities".

4) Gross debt corresponds to the algebraic sum of net debt with the balances of the following captions of the consolidated statement of financial position "Cash and cash equivalents without recourse – Demand deposits", "Cash and cash equivalents with recourse – Demand deposits", "Cash and cash equivalents with recourse – Term deposits" and "Other financial investments recorded at amortised cost".

5) Effective liquidity corresponds to the algebraic sum of the following captions of the consolidated statement of financial position "Cash and cash equivalents without recourse – Demand deposits", "Cash and cash equivalents with recourse – Demand deposits", "Cash and cash equivalents with recourse – Term deposits" and "Other financial investments recorded at amortised cost" with the amount of available unused credit lines by the Group.

In the first half of 2021, the financial results reached -45 million euros, a deterioration of 3 million euros when compared with the first half of 2020 (-42 million euros).

Regarding net financial charges (interest expenses - interest income), those amounted to 39 million euros in the first half of 2021, a lower amount than the one verified in the first half of 2020 (47 million euros), justified, in part, by the decrease of the average indebtedness levels and, in part, by the increase of the interest income.

(*) Includes circa of 5 million euros in the first half of 2021 and circa of 7 million euros in the first half of 2020 associated with part of the effect arising from the consideration of Zimbabwe as a hyperinflationary economy (IAS 29)

In the first half of 2021, the caption "Gains / (losses) in associates and jointly controlled companies" (EM) contributed positively with 6.9 million euros to the net profit (3.2 million euros in the first half of 2020), an increase of circa of 116%, justified, essentially, by the positive performance of MARTIFER'S GROUP.

Regarding the income tax (Tax), in the first half of 2021 it amounted to -13 million euros (5 million euros in the first half of 2020), deterioration justified, essentially, by the improvement occurred in the profitability.

Finally, regarding non-controlling interests (NCI), those amounted in the first half of 2021 to 14 million euros, an amount similar to the one verified in the first half of 2020 (15 millions euros) generated, essentially, by the GROUP's subsidiaries in Mexico and in Portugal in the waste treatment and recovery business.

Thus, as a result of the significant improvement occurred in the semester in the operational and financial performance, the net profit (NP) attributable to the GROUP at June 30, 2021 amounted to 8 million euros (-5 million euros in the first half of 2020).

Backlog (*) at June 30, 2021 reached 7.4 billion euros, again a new record in the semester and an increase of 22% when compared with December 31, 2020, with the regions of Africa and Latin America contributing with approximately 83% to the total amount, which corresponds to a "backlog – to - sales and services rendered in the E&C business" ratio of 3.9x.

At June 30, 2021, the E&S business contributed with 495 million euros to the GROUP's backlog, despite the fact that such amount excludes the foreseeable revenues arising from the waste treatment and recovery contracts from EGF concessionary companies and from CLEAN EBURNIE (landfill in Ivory Coast).

On the other hand, regarding the backlog composition, it should be noted the weight of long term contracts, namely in the mining, oil&gas and energy businesses, which at June 30, 21 represented 21% of the total E&C backlog (27% at December, 31, 2020).

Lastly, it is worth to highlight, in a period of still high uncertainty regarding the management of Covid-19 pandemic, the increase in the backlog of approximately 1,300 million euros, when compared with December 31, 2020, for which, among others, had contributed the Nigeria market with the award of the GROUP's largest construction contract ever, valued in circa of 1,500 million euros. It is also worth noting the maintenance of the same performance after the reference date of this report, with several large-scale contracts already awarded or in their final award stage.

1.3 Analysis by business area

EUROPE

The Europe region manages the E&C and the E&S activities and companies that the GROUP has in Portugal, Poland, Ireland and in the United Kingdom, or which are managed by the management structure of this region. In the E&S area, waste collection activities (whose vehicle is SUMA) and waste treatment and recovery activities (whose vehicle is EGF) are developed.

In Europe, still as a result of some constraints associated with the pandemic, the turnover in the first half of 2021 arose to 455 million euros, an amount almost equal to the one reached in the first half of 2020 (456 million euros), having however the E&C business recorded a contraction of 7% and the E&S business an increase of 16%. In this regard, in the E&C business, it is worth to highlight in the semester the 8% growth of turnover in Portugal and the 20% decrease in Poland. On the other hand, in the E&S business, it is worth to notice in the semester the growth of 32% in the waste treatement and recovery business, in part impacted by the extraordinary correction of tariffs at EGF concessionary companies (13 million euros), as well as, the decrease of 9% in the waste collection business, arising, essentially, from the cancellation of a a contract in Angola.

Additionally, in the first half of 2021, Portugal contributed with circa of 59% to the E&C business turnover (circa of 50% in the first half of 2020).

In terms of operating profitability, the EBITDA in Europe in the first half of 2021 reached 71 million euros, an increase of 49% when compared with the first half of 2020 (48 million euros), having that increase being justified, essentially, by the positive performance of the E&C business (+8 million euros), namely in Portugal and in Poland, but, essentially, by the performance of the E&S business (+15 million euros), namely in the waste treatment and recovery business, as a result of the extraordinary tariffs correction referred above.

In Africa, due to some constraints of diferent nature, namely due to sanitary and logistical matters, associated with the pandemic, due to some social and political instability and due to some delays in the start-up of relevant projects, the turnover in the first half of 2021 arose to 325 million euros, a contraction of 16% when compared with the first half of 2020.

In this regard, it should be mentioned that the main markets of the region were affected asymmetrically (Angola – reduction of 50%, Mozambique – reduction of 10%, Malawi – reduction of 19% and Others – increase of 12%).

In terms of operating profitability, even occurring a reduction in the turnover, the EBITDA in Africa in the first half of 2021 amounted to 76 million euros, an increase of 9% when compared with the first half of 2020, having the EBITDA margin increased to 23% (18% in the first half of 2020) with relevant contributions from Mozambique, Ivory Coast and Rwanda markets arising, essentially, from the quality and profitability of the ongoing projects.

LATIN AMERICA

In Latin America, in the first half of 2021, the turnover, still affected by the constraints caused by the pandemic, reached 336 million euros, an increase of 10% when compared with the first half of 2020. In this regard, it should also be highlighted the distinct performance of the main markets of the region (Mexico – increase of 57%, Peru – decrease of 29%, Brazil – decrease of 28% and Colombia – increase of 20%).

Additionally, in the first half of 2021, Mexico contributed with 62% to the region's turnover (43% in the first half of 2020).

In terms of operating profitability, the EBITDA in Latin America in the first half of 2021 reached 38 million euros, an increase of 42% when compared with the first half of 2020, having been impacted, essentially, by the recovery of the brazilian market which in 2020 was strongly affected by the pandemic.

1.4 Sustainability and social responsibility

Sustainability and social responsibility are fundamental vectors of the MOTA-ENGIL GROUP's conduct and its commitment to all countries where it operates.

Therefore, and reinforced in this pandemic period, the MOTA-ENGIL GROUP supports its decisions in a matrix that includes the environmental and social perspective alongside the economical one. The visibility of the maxim "A more sustainable GROUP, in a more sustainable world" is evident in the selection of recent actions that the GROUP has developed, and which are listed below:

• i. Maintenance of the partnerships established with international players Global Rescue and AXA Global Healthcare – in order to provide MOTA-ENGIL GROUP with the adequate resources to monitor the health of its employees, in a service of greater proximity (softcare), proceeding, ultimately, to their evacuation in an emergency situation;
• ii. Promotion of the health and well-being of MOTA-ENGIL GROUP employees: health surveillance, temperature measurement, realization of diagnostic tests (PCR) for traveling employees, disclosure and incentive towards the usage of services provided by online medicine, as well as, actions to support the employees and their families;
• iii. Reinforcement of the disinfection and cleaning protocols for workstations and equipment's;
• iv. Support to the "Coronavirus Global Response", an initiative of the European Union, launched in 2020, in response to the appeal of the World Health Organization to promote, throughout the world, a generalized, free and equal access to vaccines against Covid-19. In order to contribute to this appeal, MOTA-ENGIL performed a financial contribution to GAVI – The Vaccine Alliance, which is a public-private partnership that promotes the vaccination of circa of half of the world's children against some of the diseases with the highest mortality rate on a global scale;
• v. Maintenance of the AJUDA@ME platform by the Manuel António da Mota Foundation (FMAM), as well as, the support programs for the MOTA-ENGIL GROUP employees (Scholarships, "Early childhood" Programme, Financial chamber, Social Support Fund, 1+2 Fund);
• vi. Continuance of the "Study corner" project with the Municipality of Vila Nova de Gaia (POCH, Partnership for Impact, Portugal Social Innovation);
• vii. Support to the fourth edition of the "Travel with books" project;
• viii. Realization of 9th edition of the "Young entrepreneurs" project;
• ix. Support provided by FMAM to the reconstruction / rehabilitation of degraded houses for families in a situation of social and economic vulnerability;
• x. Launch of the 12th edition of the Manuel António da Mota Award, under the motto "Portugal Resist";
• xi. Launch of the 8th edition of StartME MOTA-ENGIL Corporate Internship Program, which is a unique opportunity for learning, exchanging experiences and living in a multicultural environment. This 2021 edition aims to integrate approximately 200 young people with high potential in the three regions where the GROUP operates and is present;
• xii. Launch of the A2E (Ability to Execute) training program, with internal trainers, involving all MOTA-ENGIL GROUP employees and integrating its different geographies and businesses;
• xiii. Realization of campaigns and awareness-raising actions within the scope of the safety of MOTA-ENGIL employees, investing in an assertive communication and in the training of all people encouraging them to the prevention and minimization of accidents;
• xiv. Promotion of actions in favour of blood donation, for the GROUP'S employees and covering the surrounding communities;
• xv. Donation of medical equipment to hospitals and support centres for Covid-19;
• xvi. Visits to pediatric hospitals and donation of bedding sets, toys, games and books;
• xvii. Realization of social character activities in the surrounding communities where MOTA-ENGIL GROUP is executing its projects, namely the delivery of books, kits and school manuals; the donation of toys and equipment to schools and orphanages; as well as, the rehabilitation of classrooms and community living spaces;
• xviii. Development of local actions with the aim of helping the mitigation of housing shortages;
• xix. Delivery of goods, transport and distribution of food, with the aim of supporting displaced families;
• xx. Development of environmental awareness campaigns and actions near schools and local communities in favor of a responsible consumption;
• xxi. Environmental awareness and commitment to the monitorization and control of the atmospheric emissions, in optimizing and monitoring the energy consumption (fleet and equipment), in the utilization of electric vehicles and in the optimization of the facilities energy management, with the aim of reducing consumption;
• xxii. Realization of awareness campaigns in order to preserve migratory birds and their habitats, preventing the spread of pests that affect human health;
• xxiii. Realization of awareness actions with the aim of protect the wild flora and fauna, to combat the decline of numerous induced species, with allusion to the respective negative economic, environmental and social consequences;
• xxiv. Participation in the project "Intelligent Additive Manufacturing System", funded under Portugal 2020. This project - with a total investment amount of circa of 3 million euros - aims to obtain critical knowledge in Additive Manufacturing, in areas of different materials, specifically, in metallic, polymeric and ceramic and cementitious materials, through Powder Bed and Material Extrusion technologies;
• xxv. Distinction of MOTA-ENGIL MOÇAMBIQUE with the Certificate of Honor, rewarding its commitment in the timely submission of all relevant financial information, statistical data, to the Financial System of Mozambique;
• xxvi. Recognition of MOTA-ENGIL MEXICO, for the 5th consecutive year, as a "Socially Responsible Company".

At last, we would like to highlight the unbelievable milestone reached by the VALE Mining Moatize Project, which has surpassed the barrier of 6 million hours worked without work-related accidents with lost time (6.0 MLTI).

Therefore, this achievement demonstrates the compliance with safety standards, but also the GROUP'S daily commitment with the "continuous safety improvement" and training of its employees.

1.5 Outlook

The outlook of MOTA-ENGIL GROUP for the year 2021, still conditioned by the uncertainty regarding the evolution of the pandemic, is as follows:

• Turnover to increase high single digit;
• EBITDA margin in line with historical figures;
• Backlog to stand above 7,000 million euros;
• Capex in the range of 200 250 million euros;
• Focus on organic cash-flow generation and debt decrease;
• Continuous strengthening of the capital structure; and
• Focus on increasing debt maturity.

1.6 Other subjects

During the first half of 2021, the Strategic and investment partnership Agreement signed in 2020 with CHINA COMMUNICATIONS CONSTRUCTION COMPANY (CCCC) was concluded.

Following that Agreement:

(i) MOTA GESTÃO E PARTICIPAÇÕES, SGPS, S.A. (MGP) sold to CCCC 55 million of MOTA-ENGIL, SGPS, S.A.shares.; (ii) MGP sold to CCCC 20.66% of subcription rights in a future share capital increase to be carried out by MOTA-ENGIL, SGPS, S.A.;

(iii) MOTA-ENGIL, SGPS, S.A. increased its share capital from 237,505,141 euros to 306,775,950 euros, having the aforementioned shareholders subscribed it majority.

On the other hand, following the above referred transactions, MGP now holds 38.41% of the share capital of MOTA-ENGIL, SGPS, S.A. and CCCC (through the company EPOCH CAPITAL INVESTMENTS BV) 32.41%.

Lastly, following the resolutions taken at the General Shareholders' Meeting held at June 30, 2021, the Board of Directors of MOTA-ENGIL, SGPS, S.A., elected for the 2021-2023 period, has now the following composition:

António Manuel Queirós Vasconcelos da Mota - Chairman of the Board of Directors Wang Jingchun - Vice- Chairman of the Board of Directors Gonçalo Nuno Gomes de Andrade Moura Martins - Member of the Board of Directors Carlos António Vasconcelos Mota dos Santos - Member of the Board of Directors Wang Xiangrong - Member of the Board of Directors Manuel António da Fonseca Vasconcelos da Mota - Member of the Board of Directors Xiao Di - Member of the Board of Directors Maria Paula Queirós Vasconcelos Mota de Meireles - Member of the Board of Directors Ping Ping - Member of the Board of Directors Tian Feng - Member of the Board of Directors Ana Paula Chaves e Sá Ribeiro - Member of the Board of Directors Francisco Manuel Seixas da Costa - Member of the Board of Directors Helena Sofia da Silva Borges Salgado Fonseca Cerveira Pinto - Member of the Board of Directors Isabel Maria Pereira Aníbal Vaz - Member of the Board of Directors

1.7 Subsequent Events

Up to the date of issuance of this report, we highlight the following relevant fact, whose detail has been properly disclosed as privileged information on the MOTA-ENGIL and CMVM websites:

"MOTA-ENGIL INFORMS ABOUT THE SIGNATURE OF AN ADDENDUM TO A MINING CONTRACT IN PROGRESS IN MOZAMBIQUE WHICH TOTAL AMOUNT REACHES 871 MILLION USD

MOTA-ENGIL, SGPS, S.A. ("MOTA-ENGIL"), informs that its subsidiary for the Africa region has signed an addendum to a mining contract currently underway in Moatize - Mozambique, whose client is the multinational Group Vale, S.A., which total amount reaches 871 million USD, an increase of 427 million USD in comparison with the initial amount of the contract – 444 million USD.

The aforementioned addendum establishes the extension of the current mining contract for an additional period of 2 years, being its conclusion now set for December 31, 2024."

On the other hand, following the conclusion of the Agreement referred to in Chapter 1.6 above, and since the GROUP's last Strategic Plan was defined for the 2015-2020 timeframe, a new Strategic Plan is expected to be presented in the fourth quarter of 2021.

1.8 Mota-Engil in Stock Market

The performance of the MOTA-ENGIL, SGPS, S.A. share price in the first half of 2021 can be analyzed in the following charts:

As at June 30, 2021, MOTA-ENGIL, SGPS, S.A. share capital was comprised by 306,775,950 shares, with a nominal value of one euro each, with all shares being listed on Euronext Lisbon. On that same date, MOTA-ENGIL, SGPS, S.A. held 6,091,581 own shares, corresponding to 1.99% of its share capital.

MOTA-ENGIL, SGPS, S.A. share closed in the first half of 2021 with a price of 1.398 euros, corresponding to a market capitalization of circa of 429 million euros. During that period, MOTA-ENGIL, SGPS, S.A.share presented an appreciation of 2.5%, in line with the Portuguese stock index, PSI20, that presented a positive performance in the first half of 2.8%. Regarding the European sectorial index, SXOP, it closed the semester with a 19.4% appreciation.

During the first half of 2021, MOTA-ENGIL, SGPS, S.A. share recorded a maximum of 1.520 euros and a minimum of 1.346 euros. In that period, a total of 138 million MOTA-ENGIL, SGPS S.A. shares were traded in Euronext Lisbon, corresponding to an average daily volume of 1,093 thousand shares.

Between May 10 and May 25, 2021, the period for the subscription of new shares in the context of the share capital increase of MOTA-ENGIL, SGPS, S.A. took place, which included the issue of 69,270,809 new common shares, book-entry and nominative, with a nominal value of one euro each, at a unit subscription price of 1.50 euros. These new shares were admitted to trading on the regulated market Euronext Lisbon on May 31, 2021, and were fungible with the existing shares.

The MOTA-ENGIL, SGPS, S.A. Annual Shareholders' Meeting of 2021 took place at June 30, having been approved all the points considered therein, namely the deliberation on the election of the members of the Board of Directors for the term corresponding to the three - years period from 2021-2023.

Porto, September 01, 2021

CONSOLIDATED INCOME STATEMENTS BY NATURES FOR THE SIX-MONTH PERIODS ENDED AT JUNE 30, 2021 AND 2020 (Amounts expressed in thousand euros)

		1st Half
	Notes	2021 € '000	2020 (*) € '000
		(non audited)	(non audited)
Sales and services rendered	2	1 138 185	1 157 191
Cost of goods sold, materials consumed and Changes in production		(269 407)	(279 873)
Third-party supplies and services		(423 967)	(467 158)
Wages and salaries		(271 214)	(268 139)
Other operating income / (expenses)		7 106	2 055
Amortisations and depreciations	2	(106 793)	(95 798)
Impairment losses	2	(3 483)	2 937
Provisions	2	(2 617)	(18 512)
Financial income and gains	3	64 153	126 941
Financial costs and losses	3	(108 671)	(169 203)
Gains / (losses) in associates and jointly controlled companies		6 861	3 181
Gains / (losses) in the acquisition and disposal of subsidiaries, jointly controlled and associated companies		-	3 655
Net monetary position		4 624	7 359
Income before taxes		34 776	4 635
Income tax		(13 003)	5 416
Consolidated net profit of the period		21 773	10 051
Attributable:
to non-controlling interests		14 179	15 092
to the Group	4	7 594	(5 041)
Earnings per share in Euros:
basic	4	0.031 €	-0.022 €
diluted	4	0.031 €	-0.022 €
To be read with the Notes to the consolidated financial statements

(*) See Note 1.2

CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME FOR THE SIX-MONTH PERIODS ENDED AT JUNE 30, 2021 AND 2020 (Amounts expressed in thousand euros)

	st Half 1
	2021	2020
	€ '000	€ '000
	(non audited)	(non audited)
Consolidated net profit of the period	21 773	10 051
Items of other comprehensive income that may be reclassified to the income statement
Companies consolidated by the full consolidation method
Exchange differences arising from the translation of financial statements expressed in foreign currencies:
Of which, associated with the impact of hyperinflation in Angola and Zimbabwe	1 205	(5 765)
Others	20 873	(68 012)
Variation, net of tax, of the fair value of derivative financial instruments	243	109
Impact of hyperinflation in Zimbabwe	(4 644)	(18 244)
Companies consolidated by the equity method
Exchange differences arising from the translation of financial statements expressed in foreign currencies	508	(2 852)
Variation, net of tax, of the fair value of derivative financial instruments	1 591	(497)
Items of other comprehensive income that will not be reclassified to the income statement
Companies consolidated by the full consolidation method
Variation, net of tax, of the fair value of fixed assets (Note 5)	39 431	7 980
Variation, net of tax, of the fair value of other financial investments recorded at fair value through other comprehensive income	-	12 245
Actuarial deviations, net of tax	(2 868)	(2 325)
Total of other comprehensive income of the period	56 339	(77 362)
Total consolidated comprehensive income for the period	78 112	(67 311)
Attributable:
to non-controlling interests	27 228	(25 176)
to the Group	50 885	(42 135)
To be read with the Notes to the consolidated financial statements

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION AS AT JUNE 30, 2021 AND DECEMBER, 31 2020 (Amounts expressed in thousand euros)

		2021	2020
	Notes	€ '000	€ '000
		(non audited)	(audited)
Assets Non-current
Goodwill		21 174	20 717
Intangible assets		702 557	707 988
Tangible assets	5	417 750	384 589
Rights of use assets	5	266 508	218 246
Financial investments in associates Financial investments in jointly controlled companies	2 and 6 2	132 369 19 694	123 606 17 496
Contract assets		5 745	-
Other financial investments recorded at amortised cost	7	178 233	177 915
Other financial investments recorded at fair value through other comprehensive income	7	49 825	42 675
Investment properties		178 335	173 565
Customers and other debtors		166 676	176 428
Other non-current assets Derivative financial instruments		25 963 62	9 546 39
Deferred tax assets		216 509	201 918
Total non-current assets		2 381 399	2 254 729
Current
Inventories		272 369	252 220
Customers and other debtors		1 097 278	941 678
Contract assets		785 571	668 882
Other current assets		99 045	76 243
Corporate income tax Other financial investments recorded at amortised cost	7	38 421 29 845	23 824 21 088
Cash and cash equivalents with recourse - Term deposits	8	37 902	79 646
Cash and cash equivalents without recourse - Demand deposits	8	54 507	31 507
Cash and cash equivalents with recourse - Demand deposits	8	403 922	338 699
Non-current assets held for sale	9	128 466	126 967
Total current assets		2 947 325	2 560 753
Total Assets	2	5 328 725	4 815 482
Liabilities
Non-current
Loans without recourse	10	125 411 939 401	133 303 797 917
Loans with recourse Lease liabilities	10 11	265 040	243 707
Derivative financial instruments		344	482
Suppliers and sundry creditors		90 696	70 418
Contract liabilities		1 440	6 614
Other non-current liabilities		163 477	165 299
Provisions Deferred tax liabilities		109 364 202 457	103 598 181 695
Total non-current liabilities		1 897 630	1 703 033
Current Loans without recourse	10	47 339	45 443
Loans with recourse	10	733 617	914 624
Other financial liabilities	11	231 795	224 233
Lease liabilities	11	75 700	57 554
Derivative financial instruments		-	108
Suppliers and sundry creditors Contract liabilities		887 473 389 539	801 317 277 100
Other current liabilities		684 958	595 088
Corporate income tax		26 956	20 740
Non-current liabilities held for sale	9	30 752	30 229
Total current liabilities		3 108 130	2 966 437
Total Liabilities	2	5 005 759	4 669 470
Shareholders' equity
Share capital		306 776	237 505
Own shares Reserves, retained earnings and share premiums		(10 232) (239 659)	(10 232) (295 963)
Consolidated net profit of the period/year		7 594	(19 944)
Own funds attributable to the Group		64 479	(88 634)
Non-controlling interests		258 487	234 646
Total shareholders' equity		322 966	146 012
Total shareholders' equity and liabilities		5 328 725	4 815 482

To be read with the Notes to the consolidated financial statements

CONSOLIDATED STATEMENTS OF FOR THE SIX-MONTH PERIODS ENDED (Amounts expressed in

				Fair value reserves
	Share capital	Own shares	Share premiums	Financial investments	Fixed assets	Derivatives
Balance as at December 31, 2019 (audited)	237 505	(10 232)	92 584	27 702	17 261	(649)
Consolidated net profit of the period	-	-	-	-	-	-
Total of other comprehensive income of the period	-	-	-	12 245	5 202	(389)
Dividend distribution	-	-	-	-	-	-
Transfers to other reserves	-	-	-	-	-	-
Other movements	-	-	-	-	-	-
Balance as at June 30, 2020 (non audited)	237 505	(10 232)	92 584	39 947	22 462	(1 038)
Balance as at December 31, 2020 (audited)	237 505	(10 232)	92 584	15 145	27 860	(617)
Share capital increase	69 271	-	33 495	-	-	-
Consolidated net profit of the period	-	-	-	-	-	-
Total of other comprehensive income of the period	-	-	-	-	33 081	243
Dividend distribution	-	-	-	-	-	-
Transfers to other reserves	-	-	-	-	-	-
Other movements	-	-	-	-	-	-
Balance as at June 30, 2021 (non audited)	306 776	(10 232)	126 080	15 145	60 940	(373)

To be read with the Notes to the consolidated financial statements

CHANGES IN EQUITY AT JUNE 30, 2021 AND 2020 thousands of euros)

Currency translation reserves	Legal reserves	Other reserves and retained earnings	Net profit of the period	Own funds attributable to the Group	Own funds attributable to non controlling interests	Shareholders' equity
(292 752)	57 733	(79 555)	26 728	76 327	251 703	328 030
-	-	-	(5 041)	(5 041)	15 092	10 051
(51 827)	-	(2 325)	-	(37 094)	(40 268)	(77 362)
-	-	-	-	-	(1 850)	(1 850)
-	-	26 728	(26 728)	-	-	-
-	-	(8 662)	-	(8 662)	(15 072)	(23 734)
(344 579)	57 733	(63 813)	(5 041)	25 530	209 605	235 135
(423 222)	57 733	(65 447)	(19 944)	(88 634)	234 646	146 012
-	-	-	-	102 766	-	102 766
-	-	-	7 594	7 594	14 179	21 773
15 379	-	(5 413)	-	43 290	13 049	56 339
-	-	-	-	-	(1 618)	(1 618)
-	-	(19 944)	19 944	-	-	-
-	-	(538)	-	(538)	(1 769)	(2 306)
(407 843)	57 733	(91 342)	7 594	64 479	258 487	322 966

CONSOLIDATED STATEMENTS OF CASH-FLOWS FOR THE SIX-MONTH PERIODS ENDED AT JUNE 30, 2021 AND 2020 (Amounts expressed in thousand euros)

Notes	2021	2020
	€ '000	€ '000
Operating activities	(non audited)	(non audited)
Cash receipts from customers	1 119 460	1 040 403
Cash paid to suppliers	(746 605) (258 037)	(663 615) (263 537)
Cash paid to employees Cash generated from operating activities	114 819	113 251
Income tax (paid)/received	(36 386)	(13 293)
Other receipts/(payments) generated by operating activities	(9 645)	428
Net cash from operating activities (1)	68 788	100 386
Investing activities
Cash receipts from: Financial investments	20 317	53 347
Tangible, intangible and rights of use assets	8 272	14 435
Investment grants	7 915	4 359
Interest and similar income	29 702	27 494
Other treasury applications	41 744	19 957
Dividends	10	2 183
	107 959	121 775
Cash paid in respect of:
Financial investments	(8 642)	(3 597)
Tangible, intangible and rights of use assets	(57 043)	(108 605)
Investments proprieties	(872)	-
	(66 557)	(112 202)
Net cash from investing activities (2)	41 403	9 573
Financing activities
Cash receipts from:
Loans obtained	43 830	103 164
Lease and factoring contracts	25 590	74 969
Share capital increase	102 766	-
	172 186	178 133
Cash paid in respect of:
Loans obtained	(84 187)	(72 460)
Lease and factoring contracts	(33 718)	(52 678)
Interest and similar expenses	(83 585)	(102 320)
Dividends	-	(1 850)
	(201 490)	(229 307)
Net cash from financing activities (3)	(29 304)	(51 174)
Changes in cash and cash equivalents (4)=(1)+(2)+(3)	80 887	58 784
Impact of hyperinflation in cash and cash equivalents	(4 181)	-
Impact of cash and cash equivalents of the held for sale companies	-	(210)
Effect of currency exchange differences	7 388	(37 275)
Impact of hyperinflation in cash and cash equivalents at the beginning of the period	4 128	586
Cash and cash equivalents at the beginning of the period	370 206	334 550
8 Cash and cash equivalents at the end of the period	458 428	356 436

To be read with the Notes to the consolidated financial statements

0. Introductory note

MOTA-ENGIL, SGPS, SA, with head office at Edifício Mota, Rua do Rego Lameiro, nº 38 4300-454 Porto (MOTA-ENGIL SGPS or COMPANY), and its affiliates (GROUP or MOTA-ENGIL GROUP), have as its core businesses the execution of public and private construction works and related activities, as well as, the waste collection and treatment. The GROUP's activity is developed essentially in three regions: Europe, Africa and Latin America. The shares of MOTA-ENGIL SGPS are listed at Euronext Lisbon.

The detailed description of the GROUP's activity its provided in Note.2 Business segments of these Notes.

All amounts disclosed in these Notes are presented in thousand euros, rounded off to the unit, unless explicitly stated otherwise.

1. Basis of presentation, of consolidation and main accounting policies

1.1. BASIS OF PRESENTATION

The consolidated financial statements of MOTA-ENGIL GROUP were prepared on a going concern basis from the books and accounting records of the companies comprising it adjusted in the consolidation process.

The Board of Directors assessed the ability of the GROUP to operate in a going concern basis, taking in consideration all relevant information, facts and circunstances of financial, commercial or other nature, including events occurred after the reference date of the financial statements, available on the future. As a result of the assessement made, the Board of Directors concluded that the GROUP has adequate resources to maintain its businesses, having no intention to cease them in the short term and so it found appropriate the use of the going concern assumption in the preparation of the attached consolidated financial statements.

These consolidated financial statements were prepared in accordance with the International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and in accordance with the interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC) or by the former Standards Interpretation Committee (SIC), as adopted by the European Union as at January 1, 2021. Regarding GROUP companies which adopt different accounting standards, conversion adjustments to IFRS were performed.

These consolidated financial statements are presented in euros since it is the main currency of the GROUP'S operations. The financial statements of the affiliate companies expressed in foreign currency were translated to Euro in accordance with the policies described in the Notes 1.3 h) and i) of the basis of consolidation disclosed in the 2020 Consolidated Report and Accounts.

All estimates and assumptions made by the Board of Directors were based on their knowledge of the events and transactions in progress as at the date of approval of these financial statements.

In preparing the consolidated financial statements, in accordance with the IFRS, the GROUP'S Board of Directors adopted certain assumptions and estimates which affected the reported amounts of assets and liabilities, as well as, the income and costs incurred in the the periods disclosed, which are described in subparagraph xxii) of the chapter main accounting policies disclosed in the 2020 Consolidated Report and Accounts.

At last, except for the matters referred in chapter 1.2 below, the consolidated financial statements of MOTA-ENGIL GROUP as at June 30, 2021 were prepared in accordance with the accounting policies and the calculations methods disclosed in the 2020 Consolidated Report and Accounts, taking in consideration the provisions of IAS 34 – Interim financial reporting.

1.2. COMPARABILITY OF INFORMATION

In the year ended at December 31, 2020, the GROUP began to record the expenses incurred with subcontracts under the caption of the consolidated income statement of "Third-party supplies and services".

Up to June 30, 2020, those expenses, in the amount of 222,376 thousand euros, were recorded under the caption of the consolidated income statement of "Cost of goods sold, materials consumed, changes in production and subcontractors".

In the year ended at December 31, 2020, the GROUP began to record the income and expenses related with the assets construction associated with the concessions held by the companies of EGF SUBGROUP under the captions of the consolidated income statement of "Sales and services rendered" and "Third-party supplies and services", respectively.

Up to June 30, 2020, that income and expenses, in the amount of 514 thousand euros, were recorded under the caption of the consolidated income statement of "Other operating income/(expenses)".

In the six-month period ended at June 30, 2021, in order to properly reflect the value of its heavy equipment's assign to the Engineering and Construction business (including the associated rights of use), the GROUP defined a new class of assets for which it adopted the revaluation method as an accounting policy for its subsequent measurement. The effect of this change, in an amount of approximately 39,000 thousand euros, was reflected in the consolidated statement of other comprehensive income under the caption "Variation, net of tax, of the fair value of fixed assets". In accordance with the exception established in IAS 8, regarding the accounting policy change in the measurement of tangible assets to the revaluation method, such change had not determined the restatement of the comparative period (Note 5).

1.3. STANDARDS, INTERPRETATIONS, AMENDMENTS AND REVISIONS WHICH BECAME EFFECTIVE IN THE SEMESTER

The following standards, interpretations, amendments and revisions endorsed by the European Union were adopted for the first time in the six-month period ended at June 30, 2021:

	Applicable in the European
Standard / Interpretation	Union in the financial years	Contents
	started in or after
IFRS 16 (amendment), Leases – COVID-19 related rent concessions	1/jun/20	This amendment introduces a practical expedient for lessees (but not for lessors), which exempts them from assessing whether the rent concessions granted by lessors due to the COVID-19 pandemic are a modification to the lease contract when three criteria are cumulatively met: i) the change in lease payments results in a revised amount for the lease that is substantially equal to, or less than, the amount immediately prior to the change; ii) any reduction in lease payments only affects payments due on or before June 30, 2021; and iii) there are no substantive changes to other lease terms and conditions. Lessees that elect to apply this practical expedient, recognise the change in rent payments, as variable rents in the period(s) in which the event or condition that triggers the reduced payment occurs. This amendment is applied retrospectively with the impacts reflected as an adjustment to retained earnings (or another equity component, as appropriate) at the beginning of the annual reporting period in which the lessee applies this amendment for the first time.
IFRS 4 (amendment), Insurance contracts – deferral of IFRS 9	1/jan/21	This amendment addresses the temporary accounting consequences of the different effective dates of IFRS 9 Financial Instruments and the forthcoming IFRS 17 Insurance Contracts. In particular, the amendments to IFRS 4 extend the expiry date of the temporary exemption from applying IFRS 9 until 2023 in order to align the effective date of IFRS 9 with the new IFRS 17.
IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 (amendment), Interest rate benchmark (IBOR) reform – phase 2	1/jan/21	These amendments address issues that arise during the reform of an interest rate benchmark, including the replacement of one benchmark with an alternative one, providing exemptions like: i) changes to designations and hedging documentation; ii) amounts accumulated in the cash flow hedge reserve; iii) assessment of retrospective effectiveness on a hedge relationship under IAS 39; iv) amendments to hedge relationships for groups of items; v) presumption that an alternative benchmark rate designated as a non-contractually specified risk component is separately identifiable and qualifies as a hedged risk; and vi) update the effective interest rate, with no gain or loss recognised, for financial instruments measured at amortised cost with changes in the contractual cash flows as a result of IBOR reform, including leases that are indexed to an IBOR.

In the six-month period ended at June 30, 2021 no material impacts arose in the attached consolidated financial statements as a result of the adoption of the standards, interpretations, amendments and revisions above referred.

1.4. STANDARDS, INTERPRETATIONS, AMENDMENTS AND REVISIONS NOT YET ENDORSED BY THE EUROPEAN UNION

The following standards, interpretations, amendments and revisions, with mandatory application in future years, as at June 30, 2021, were not yet endorsed by the European Union:

	Applicable in the European
Standard / Interpretation	Union in the financial years	Contents
IFRS 16 (amendment), Leases – COVID-19 related rent concessions beyond 30 June 2021	started in or after 1/apr/2021	This amendment extends the date of application of the IFRS 16 – 'Leases – COVID-19 related rent concessions' amendment from 30 June 2021 to 30 June 2022. The conditions required to apply the practical expedient remain unchanged, such that: i) if the lessee already applied the 2020 practical expedient it is required to continue to apply the practical expedient consistently, to all lease contracts with similar characteristics and in similar circumstances; and ii) If the lessee did not apply the 2020 practical expedient to eligible lease concessions, it is prohibited from applying the extension of the practical expedient, as per this amendment. This amendment is applied retrospectively with the impacts reflected as an adjustment to the opening balance of retained earnings of the annual reporting period in which the lessee applies this amendment for the first
IAS 16 (amendment), Proceeds before intended use	1/jan/22	time. This amendment changes the accounting treatment of the proceeds obtained from the sale of products that resulted from the production test phase of property, plant and equipment, prohibiting their deduction to the acquisition cost of assets. This amendment is applied retrospectively without restating comparatives.
IAS 37 (amendment), Onerous contracts – Cost of fulfilling a contract	1/jan/22	This amendment specifies that when assessing whether a contract is onerous or not, only expenses directly related to the performance of the contract, such as incremental costs related to direct labour and materials and the allocation of other expenses directly related to the allocation of depreciation expenses of tangible assets used to carry out the contract, can be considered. This amendment must be applied to contracts that, at the beginning of the first annual reporting period to which the amendment is applied, still include contractual obligations to be satisfied, without restating comparatives.
IAS 41 (amendment) - Taxation in fair value measurements	1/jan/22	This improvement removes the requirement to exclude tax cash flows when measuring the fair value of biological assets, thereby ensuring consistency with the requirements of IFRS 13 - Fair Value Measurement.
IFRS 1 (amendment) - Subsidiary as a first-time adopter	1/jan/22	This improvement clarifies that when the subsidiary chooses to measure its assets and liabilities at the amounts included in the parent company's consolidated financial statements, the measurement of the cumulative translation differences of all foreign operations can be made at the amounts that would be recorded in the consolidated financial statements, based on the transition date of the parent company to IFRS.
IFRS 9 (amendment)- Fees in the '10 per cent' test for derecognition of financial liabilities	1/jan/22	This improvement clarifies that in the scope of derecognition tests carried out on renegotiated liabilities, the borrower must determine the net amount between fees paid and fees received considering only the fees paid or received between the borrower and the financier, including fees paid or received, by any entity on behalf of the other.
IFRS 16 (amendment) - Lease Incentives	1/jan/22	This improvement refers to the amendment to Illustrative Example 13 accompanying IFRS 16, to eliminate inconsistencies in the accounting treatment of lease incentives, attributed by the lessor.
IFRS 3 (amendment), Reference to the Conceptual framework	1/jun/22	This amendment updates the references to the Conceptual Framework in the text of IFRS 3, without changing the accounting requirements for business combinations. This amendment also clarifies the accounting treatment to be given to contingent liabilities and liabilities under IAS 37 and IFRIC 21, incurred separately versus within a business combination. This amendment is applied prospectively.

	Applicable in the European
Standard / Interpretation	Union in the financial years	Contents
	started in or after
IAS 1 (amendment), Presentation of financial statements – classification of liabilities	1/jan/23	This amendment intends to clarify that liabilities are classified as either current or non-current balances depending on the rights that an entity has to defer its payment, at the end of each reporting period. The classification of liabilities is not affected by the entity's expectations (the assessment should determine whether a right exists, but should not consider whether or not the entity will exercise that right), or by events occurring after the reporting date, such as the non-compliance with a given "covenant". This amendment also introduces a new definition of "settlement" of a liability. This amendment is applied retrospectively.
IAS 1 (amendment), Disclosure of accounting policies	1/jan/23	Amendment to the requirement to disclose the accounting policies based on "material" instead of "significant". The amendment specifies that an accounting policy information is expected to be material if, in its absence, the users of the financial statements would be unable to understand other material information in those same financial statements. Immaterial accounting policy information need not be disclosed. The IFRS Practice Statement 2 was also amended to provide guidance for the application of the concept of material" to accounting policy disclosures.
IAS 8 (amendment), Disclosure of accounting estimates	1/jan/23	Introduction of the concept of accounting estimate and the way it is distinct from changes to accounting policies. The accounting estimates are defined as corresponding to monetary amounts that are subject to measurement uncertainty, used to achieve an accounting policy's objective(s).
IAS 12 (amendment), Deferred tax related to assets and liabilities arising from a single transaction	1/jan/23	IAS 12 will require entities to recognise deferred tax on specific transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. These applies to the recognition of: i) right-of-use assets and lease liabilities; and ii) decommissioning, restoration and similar liabilities, and the corresponding amounts recognised as part of the cost of the related asset, when not relevant for tax purposes. Such temporary differences are no longer subject to the initial recognition exemption for deferred taxes. The cumulative effect of initially applying the amendment is recognised as an adjustment to the opening balance of retained earnings (or other component of equity, as appropriate) at the earliest comparative period presented.
IFRS 17 (amendment), Insurance contracts	1/jan/23	This amendment includes specific changes in eight areas of IFRS 17, such as: i) scope; ii) level of aggregation of insurance contracts; iii) recognition; iv) measurement; v) modification and derecognition; vi) presentation of the Statement of Financial Position; vii) recognition and measurement of the Income statement; and viii) disclosures. This amendment also includes clarifications, which aim to simplify some of the requirements of this standard and ease transition.
IFRS 17, Insurance contracts	1/jan/23	This new standard replaces IFRS 4 and applies to all entities issuing insurance contracts, reinsurance contracts and investment contracts with discretionary participation characteristics. IFRS 17 is based on the current measurement of technical liabilities at each reporting date. The current measurement can be based on a general model "building block approach" or a simplified one "premium allocation approach". The "building block approach" is based on discounted, probability-weighted cash flows, a risk adjustment and a contractual service margin ('CSM'), which represents the unearned profit of the contract. Subsequent changes in estimated cash flows are adjusted against the contractual service margin, unless it becomes negative. IFRS 17 is applied retrospectively.

At the present date, no material impacts are expected in the attached consolidated financial statements as a result of the adoption of the standards, interpretations, amendments and revisions above referred.

2. Business segments

The GROUP uses its internal organization for management purposes as a basis for its reporting of information by business segments.

The GROUP is organized into the following geographical areas: Europe (subdivided in Engineering and Construction and Environment and Services), Africa and Latin America.

The amounts related to MOTA-ENGIL SGPS, MOTA-ENGIL CAPITAL and its affiliated companies and other instrumental companies are included in the caption "Others, eliminations and intra-group", which also include the amounts related to the balances and transactions maintained between the companies of the different business segments.

(*) See note 1.2.

These segments were used taking in consideration the fact that they correspond to GROUP units that develop activities where it is possible to identify separately their income and expenses, for which separate financial information is prepared, for which its operating results are reviewed by management and over which decisions are taken.

The companies / entities included in the consolidation perimeter and the respective consolidation methods, head office, effective holding percentage, activity, incorporation date and respective acquisition date are the ones disclosed in Appendix A.

In the six-month periods ended at June 30, 2021 and 2020, the financial information by business segment can be analysed as follows:

	Sales and services rendered		EBITDA
	2021	2020 (*)	2021	2020
Europe Engineering and Construction	298 575	322 219	20 947	12 872
Europe Environment and Services	159 246	137 810	50 445	34 982
Africa	324 687	385 273	75 772	69 441
Latin America	336 491	305 275	37 662	26 506
Others, eliminations and intra-group	19 185	6 614	(4 123)	274
Mota-Engil Group	1 138 185	1 157 191	180 703	144 075

EBITDA corresponds to the algebraic sum of the following captions of the consolidated income statement by natures: "Sales and services rendered", "Costs of goods sold, materials consumed and Changes in production", "Third-party supplies and services", "Wages and salaries" and "Other operating income / (expenses)".

In the six-month periods ended at June 30, 2021 and 2020, the information regarding amortisations and depreciations, as well as, regarding provisions and impairment losses can be analysed as follows:

	Amortisations and depreciations		Provisions and impairments losses
	2021	2020	2021	2020
Europe - Engineering and Construction	10 602	10 817	11	99
Europe - Environment and Services	30 775	31 169	(30)	(795)
Africa	54 982	43 291	4 857	9 210
Latin America	8 744	8 964	1 317	5 095
Others, eliminations and intra-group	1 689	1 557	(56)	1 966
Mota-Engil Group	106 793	95 798	6 100	15 575

In the six-month period ended at June 30, 2020, the provisions and impairments losses recorded were assign, essentially, to the potencial negative effects caused by the Covid-19 pandemic in the future colection of some accounts receivable and in the realization of some non-current assets.

As at June 30, 2021 and December 31, 2020, the net assets and liabilities of the GROUP by business segment can be analysed as follows:

	Assets		Liabilities
	30/06/2021	31/12/2020	30/06/2021	31/12/2020
Europe Engineering and Construction	1 016 298	1 013 784	755 805	754 357
Europe Environment and Services	984 318	971 440	807 008	801 462
Africa	2 249 040	1 983 278	1 858 359	1 660 644
Latin America	1 276 957	1 135 261	1 165 433	1 027 830
Others, eliminations and intra-group	(197 889)	(288 281)	419 154	425 177
Mota-Engil Group	5 328 725	4 815 482	5 005 759	4 669 470

As at June 30, 2021 and December 31, 2020, the investment performed (capex) and the financial investments in associates and in jointly controlled companies by business segment can be analysed as follows:

	Capex (a)		Financial investments in associates and in jointly controlled companies
	30/06/2021	31/12/2020	30/06/2021	31/12/2020
Europe - Engineering and Construction	8 701	24 629	-	-
Europe - Environment and Services	17 152	78 751	2 934	18 738
Africa	45 972	63 046	3 220	3 458
Latin America	24 473	28 814	134 607	118 154
Others, eliminations and intra-group	1 706	1 814	11 301	752
Mota-Engil Group	98 003	197 054	152 062	141 102
(a) Net increase (increases-disposals) occurred in the captions intangible assets, tangible assets and rights of use assets.

In the six-month period ended at June 30, 2021, there were no material changes in the GROUP business segments nor in the methodology of determination and accounting the amounts included in them.

3. Financial results

The financial results (financial income and gains - financial costs and losses) for the six-month periods ended at June 30, 2021 and 2020 can be analysed as follows:

	2021	2020
Financial income and gains
Assets measured at amortised cost
Interest income	22 514	20 872
Prompt payment discounts received	196	209
Favourable exchange differences	31 429	97 888
Other financial assets
Dividends received - Other financial investments recorded at fair value through the comprehensive income	150	1 799
Other financial income and gains	9 862	6 173
	64 153	126 941
Financial costs and losses
Liabilities measured at amortised cost
Interest expenses	61 613	67 599
Prompt payment discounts granted	90	188
Unfavourable exchange differences	23 103	52 070
Other financial liabilities:
Other financial costs and losses	23 865	49 346
	108 671	169 203
Financial results	(44 519)	(42 262)

4. Earnings per share

The COMPANY issued only ordinary shares and therefore there are no special dividends or voting rights.

There are no situations in the GROUP that might lead to a reduction of earnings per share as a result of options, warrants, convertible bonds or other rights associated to ordinary shares. Therefore, there is no dissimilarity between the calculation of basic earnings per share and the calculation of diluted earnings per share.

In the six-month period ended at June 30, 2021, 69,270,809 ordinary shares, book-entry and nominative, were issued with a nominal value of 1 Euro each, at the unitary subscription price of 1.5 Euro. Therefore, at June 30, 2021, the share capital of the COMPANY arise to 306,775,950 euros and is represented by 306,775,950 ordinary shares with a nominal value of 1 Euro each.

In the six-month period ended at June 30, 2020 no shares were issued.

In the six-month periods ended at June 30, 2021 and 2020, the calculation of the earnings per share can be detailed as follows:

		2021	2020
Consolidated net profit of the period attributable to the Group:	(I)	7 594	(5 041)
Number of shares outstanding in the beginning of the period		237 505 141	237 505 141
Number of shares outstanding in the end of the semester		306 775 950	237 505 141
Weighted average number of ordinary shares	(II)	250 589 627	237 505 141
Weighted average number of own shares during the semester	(III)	6 091 581	6 091 581
Weighted average number of shares outstanding	(II - III)	244 498 046	231 413 560
Earnings per share in Euros:
basic	(I) / (II - III)	0,031 €	-0,022 €
diluted	(I) / (II - III)	0,031 €	-0,022 €

5. Tangible assets and rights of use assets

As mentioned in Note 1.2, it was established at January 1, 2021 a new class of tangible assets / rights of use assets. To this new class, the heavy equipment's assign to the Engeneering and Construction business (concrete plants, pavers, excavators, dumpers, tractors, cranes, multi-loaders, platforms, generator sets, locomotives, among others) were transferred.

The assets of this class were recorded until December 31, 2020 at acquisition cost. However, after January 1, 2021, the GROUP adopted the revaluation model (revalued amount less accumulated amortisations) as the accounting policy for their subsequent measurement.

The respective revalued amount corresponds to its fair value at the revaluation date. Revaluations are carried out regularly (within a period not exceeding three years) by independent appraisers in order that the revalued amount does not differ materially from the fair value of the respective equipment. The fair value is determined individually using the comparative market method or the depreciated replacement cost method.

The comparative method consists in the determination of the market value of the equipment through the consultation of the prices verified in traded assets, with the same or similar characteristics and sold in the market - local and international - in the last six months. Therefore, several sources of experts were consulted, namely, from the transport sector, handling and lifting of loads, paving, ore, civil construction and generator sets.

The depreciated replacement cost method consists in the determination of the replacement value of the equipment under analysis taking in consideration the acquisition cost of another one with the same functionality, deducted from the amount related to the functional, physical and economic depreciation / obsolescence verified.

The adjustments arising from the revaluations performed over the heavy equipment´s referred to above are recorded against equity. When an heavy equipment that has been subject to a positive revaluation in previous years is subject to a negative revaluation, the adjustment is recorded against equity up to the amount corresponding to the increase in equity resulting from previous revaluations, deducted from the amount realized through depreciation, being its surplus recorded as a cost in the consolidated income statement for the year.

The most relevant inputs used in the appraisals of the heavy equipment´s, were as follows:

• State of use and conservation;
• Usefulness of the equipment in the national and international context;
• Year of manufacture and remaining useful life of the equipment;
• Year of acquisition;
• Brand and model; and
• Revision and inspection history.

The heavy equipment's appraisals performed up to date refer, essentially, to January 1, 2021.

On the other hand, the aforementioned appraisals were performed, essentially, taking in consideration the comparative market method and, despite they were based on market data and transactions, the liquidity and different characteristics of each equipment did not allow to qualify the market as active. Therefore, the determination of the fair value of the GROUP'S construction heavy equipment's falls within the Level 3 of IFRS 13.

As a result of the aforementioned revaluations, the following impacts were generated in the semester:

	Gross assets	Deferred taxes	Shareholders' equity impact
Impact of the revaluations at January 1, 2021	71 541	(21 751)	49 790
Exchange differences in the semester	(14 981)	4 622	(10 359)
Impact of the revaluations at June 30, 2021	56 560	(17 129)	39 431

6. Financial investments in associates

As at June 30, 2021 and December 31, 2020, the detail of the financial investments in associates was as follows:

	30/06/2021	31/12/2020
Autopista Urbana Siervo de la Nación (Latin America segment)	32 844	31 903
Concessionária Autopista Cardel (Latin America segment)	29 742	28 553
Concessionária Autopista Tuxpan-Tampico (Latin America segment)	17 821	18 856
APP Coatzacoalcos Villahermosa (Latin America segment)	13 818	13 211
Fideicomiso el Capomo (Latin America segment)	12 216	9 401
APP Tamaulipas (Latin America segment)	6 956	6 722
Martifer	4 383	-
Others	14 589	14 959
	132 369	123 606

7. Other financial investments

As at June 30, 2021 and December 31, 2020, the detail of the other financial investments was as follows:

	30/06/2021	31/12/2020
Other financial investments recorded at amortised cost (non-current)
Angola sovereign bonds	167 369	156 463
Ivory Coast sovereign bonds	-	12 143
Mozambique sovereign bonds	10 864	9 310
	178 233	177 915
Other financial investments recorded at amortised cost (current)
Angola sovereign bonds	28 668	20 388
Mozambique sovereign bonds	1 177	700
	29 845	21 088
	208 078	199 003
Other financial investments recorded at fair value through other comprehensive income
BAI-Banco Angolano de Investimentos	30 796	30 796
Concessionária Alternativas Viales	6 007	82
STI	4 727	3 904
Auto - Sueco Angola	2 724	2 724
Others	5 569	5 169
	49 825	42 675

In the six-month period ended at June 30, 2021, the GROUP received circa of 16 million euros of Angola sovereign bonds and 5 million euros of Mozambique sovereign bonds, as a settlement of some commercial debts, and sold circa of 12 million euros of Ivory Coast sovereign bonds.

8. Cash and cash equivalents

The amounts included in the captions "Cash and cash equivalents with recourse" as at June 30, 2021 and December 31, 2020 were as follows:

	Demand deposits		Term deposits		Total
	30/06/2021	31/12/2020	30/06/2021	31/12/2020	30/06/2021	31/12/2020
Other treasury applications	3 672	2 995	-	-	3 672	2 995
Bank deposits and cash in hand
Bank deposits	397 691	325 944	37 902	79 646	435 593	405 589
Cash in hand	2 559	9 760	-	-	2 559	9 760
	403 922	338 699	37 902	79 646	441 824	418 344

The amounts included in the caption "Cash and cash equivalents without recourse" as at June 30, 2021 and December 31, 2020 were as follows:

	Demand deposits
	30/06/2021	31/12/2020
Bank deposits and cash in hand
Bank deposits	54 485	31 479
Cash in hand	22	28
	54 507	31 507

9. Non-current assets / liabilities held for sale

The information regarding the non-current assets and liabilities held for sale as at June 30, 2021 and December 31, 2020, can be analysed as follows:

	30/06/2021	31/12/2020
Financial investment in Lineas Group (Others, eliminations and intra-group segment)	89 396	89 396
Takargo assets (Others, eliminations and intra-group segment)	31 862	31 278
Others	7 208	6 293
Non-current assets held for sale	128 466	126 967
	30/06/2021	31/12/2020
Takargo liabilities (Others, eliminations and intra-group segment)	30 752	30 229
Non-current liabilities held for sale	30 752	30 229

10. Loans

The amounts related to loans with recourse as at June 30, 2021 and December 31, 2020 were as follows:

	Current
	(1 year)	1 - 2 years	2 to 5 years	over 5 years	Non-current	Total
30/06/2021
Non-convertible bond loans	11 830	176 531	164 958	-	341 489	353 319
Amounts owed to credit institutions
Bank loans	470 162	287 402	296 796	6 464	590 663	1 060 824
Overdraft facilities	74 576	-	-	-	-	74 576
Revolving facilities	50 554	-	-	-	-	50 554
Other loans obtained
Commercial paper issues	126 312	4 820	2 430	-	7 250	133 562
Other loans	183	-	-	-	-	183
	733 617	468 753	464 184	6 464	939 401	1 673 018
31/12/2020
Non-convertible bond loans	20 155	119 310	219 551	-	338 862	359 016
Amounts owed to credit institutions
Bank loans	594 059	211 012	228 126	9 083	448 221	1 042 279
Overdraft facilities	118 232	-	-	-	-	118 232
Revolving facilities	50 818	-	-	-	-	50 818
Other loans obtained
Commercial paper issues	131 032	8 250	2 500	-	10 750	141 782
Other loans	329	82	2	-	84	414
	914 624	338 654	450 180	9 083	797 917	1 712 541

Although the commercial paper issues fall due in one year or less, generally they are covered by medium and long term programmes which ensure their automatic renewal over time. Under these circumstances and since the GROUP'S Board of Directors intends to pursue the use of the aforesaid programmes while they are in force, it recorded those commercial paper issues as liabilities due in the medium and long term.

The amounts related to loans without recourse as at June 30, 2021 and December 31, 2020 were as follows:

	Current (1 year)	1 - 2 years	2 to 5 years	over 5 years	Non-current	Total
30/06/2021
Amounts owed to credit institutions
Bank loans	12 294	19 435	88 565	9 973	117 973	130 266
Revolving facilities	29 046	-	-	-	-	29 046
Other loans obtained
Commercial paper issues	6 000	2 500	4 939	-	7 439	13 439
	47 339	21 935	93 504	9 973	125 411	172 751
31/12/2020
Amounts owed to credit institutions
Bank loans	15 503	19 689	90 970	13 955	124 614	140 117
Overdraft facilities	2 056	-	-	-	-	2 056
Other loans obtained
Commercial paper issues	2 500	2 500	6 189	-	8 689	11 189
	45 443	22 189	97 158	13 955	133 303	178 746

As at June 30, 2021, as a result of the non-compliance by MOTA-ENGIL SGPS, and by its subholdings, of some of the covenants established in the financing contracts they entered into and since the respective creditors may request their early repayment, an amount of approximately 74,000 thousands euros of non-current loans was reclassified to current loans.

11. Other financial liabilities and lease liabilities

The amounts related to other financial liabilities and lease liabilities as at June 30, 2021 and December 31, 2020 were as follows:

	Non-current		Current
	30/06/2021	31/12/2020	30/06/2021	31/12/2020
Lease liabilities	265 040	243 707	75 700	57 554
Other financial liabilities:
Factoring	-	-	231 795	224 233
	-	-	231 795	224 233

12. Changes in the consolidation perimeter

In the six-month period ended at June 30, 2021, the changes occurred in the consolidation perimeter were as follows:

Increase of participation percentage

Business Area - Latin America
Operadora APP Coatzacoalcos Villahermosa SAPI de C.V. (company already controlled)

Companies incorporated

Concesiones e Infraestructuras Andina Mineria Y Engenharia Andina Business Area - Latin America

Companies consolidated for the first time

Comercializadora Costa Canuva Consorcio Hospitalario Chavin Consorcio Línea Panama Norte Business Area - Latin America

Exit of companies

Business Area - Europe Engineering and Construction Project Development 6 Sp. Z.o.o.

In the six-month period ended at June 30, 2021 the changes occurred in the consolidation perimeter did not generate material impacts in the attached consolidated financial statements.

13. Others matters

Liquidity

As at June 30, 2021, the GROUP´s liquidity position (capital component) can be analysed as follows:

		30/06/2021
	< 1 year	more than 1 year	Indeterminate	Total
Financial assets recorded at amortised cost
Cash and cash equivalents - demand and term deposits	496 330	-	-	496 330
Customers and other debtors	1 097 278	166 676	-	1 263 954
Other financial investments recorded at amortised cost	29 845	178 233	-	208 078
Financial assets recorded at fair value
Derivative financial instruments		- 62	-	62
Other financial investments recorded at fair value through other comprehensive income		- -	49 825	49 825
Total financial assets under the scope of IFRS-9	1 623 453	344 971	49 825	2 018 249
Other non financial assets
Inventories	272 369	-	-	272 369
Contract assets	785 571	5 745	-	791 316
Other current and non current assets	99 045	25 963	-	125 008
Corporate income tax	38 421	-	-	38 421
Non-current assets held for sale	128 466	-	-	128 466
Total non financial assets	1 323 872	31 709	-	1 355 581
Total assets	2 947 325	376 679	49 825	3 373 830
Financial liabilities recorded at amortised cost
Loans with or without recourse	780 956	1 064 812	-	1 845 768
Other financial liabilities	231 795	-	-	231 795
Suppliers and sundry creditors	887 473	90 696	-	978 169
	1 900 224	1 155 508	-	3 055 732
Financial liabilities recorded at fair value
Derivative financial instruments		- 344	-	344
Total financial liabilities under the scope of IFRS-9	1 900 224	1 155 852	-	3 056 076
Financial liabilities out of the scope of IFRS - 9
Lease liabilities	75 700	265 040	-	340 741
Total financial liabilities	1 975 924	1 420 892	-	3 396 817
Other non financial liabilities
Contract liabilities	389 539	1 440	-	390 979
Other current and non current liabilities	684 958	163 477	-	848 435
Corporate income tax	26 956	-	-	26 956
Non-current liabilities held for sale	30 752	-	-	30 752
Total non financial liabilities	1 132 205	164 916	-	1 297 122
Total liabilities	3 108 130	1 585 809	-	4 693 938
Liquidity GAP	(160 804)	(1 209 130)	49 825	(1 320 109)

Accordingly with the liquidity management policy defined by the GROUP and in order to maintain an adequate liquidity reserve, as at June 30, 2021, it had available but unused credit lines of circa of 176 million euros. On the other hand, after June 30, 2021, the GROUP has already refinanced or is in process of refinancing circa of 286 million euros of bank debt. Finally, and in the event of an extreme worsening of the economic and financial conditions, the GROUP also has the possibility to dispose of some of its non-current assets, namely part of the sovereign bonds it keeps recorded in its statement of financial position and which totalled circa of 208 million euros. Therefore, it is the GROUP belief, even in a scenario of uncertainty regarding the future, that within a 12 months period it has the appropriate financial resources to fulfill all of its obligations when they become due.

Going concern

Although some uncertainty remains regarding the normalization of the world economy and the GROUP activity, namely in some countries in Africa and in Latin America, due (1) to the high backlog the GROUP has to perform, which inclusive increased in the first half of the year, (2) due to the liquidity position that it presents for the next 12 months, (3) due to the generation of a positive result in the semester and (4) due to the internal management measures that have already been adopted (implementation of efficiency programs, closure of less profitable or small markets, renegotiation of contracts with customers, etc.) it is the GROUP belief that it has the adequate resources to maintain its activities, having no intention to cease them in the short term and so its Board of Directors considers that it is appropriate the use of the going concern assumption in the preparation of the attached consolidated financial statements.

Strategic partnership and investment Agreement

During the first half of 2021, the Strategic and investment partnership Agreement signed in 2020 with CHINA COMMUNICATIONS CONSTRUCTION COMPANY (CCCC) was concluded.

Following that Agreement:

(i) MOTA GESTÃO E PARTICIPAÇÕES, SGPS, S.A. (MGP) sold to CCCC 55 million of MOTA-ENGIL, SGPS, S.A.shares; (ii) MGP sold to CCCC 20.66% of subcription rights in a future capital increase to be carried out by MOTA-ENGIL, SGPS, S.A.; (iii) MOTA-ENGIL, SGPS, S.A. increased its share capital from 237,505,141 euros to 306,775,950 euros, having the aforementioned shareholders subscribed it majority.

On the other hand, following the above transactions, MGP now holds 38.41% of the share capital of MOTA-ENGIL, SGPS, S.A. and CCCC (through the company EPOCH CAPITAL INVESTMENTS BV) 32.41%.

Lastly, following the resolutions taken at the General Shareholders' Meeting held in June 30, 2021, the Board of Directors of MOTA-ENGIL, SGPS, S.A., elected for the 2021-2023 period, now has the following composition:

António Manuel Queirós Vasconcelos da Mota	Chairman of the Board of Directors
Wang Jingchun	Vice-Chairman of the Board of Directors
Gonçalo Nuno Gomes de Andrade Moura Martins	Member of the Board of Directors
Carlos António Vasconcelos Mota dos Santos	Member of the Board of Directors
Wang Xiangrong	Member of the Board of Directors
Manuel António da Fonseca Vasconcelos da Mota	Member of the Board of Directors
Xiao Di	Member of the Board of Directors
Maria Paula Queirós Vasconcelos Mota de Meireles	Member of the Board of Directors
Ping Ping	Member of the Board of Directors
Tian Feng	Member of the Board of Directors
Ana Paula Chaves e Sá Ribeiro	Member of the Board of Directors
Francisco Manuel Seixas da Costa	Member of the Board of Directors
Helena Sofia da Silva Borges Salgado Fonseca Cerveira Pinto	Member of the Board of Directors
Isabel Maria Pereira Aníbal Vaz	Member of the Board of Directors

14. Subsequent events

Up to the date of issuance of this report, we highlight the following relevant fact, whose detail has been properly released as privileged information on the MOTA-ENGIL and CMVM websites:

"MOTA-ENGIL INFORMS ABOUT THE SIGNATURE OF AN ADDENDUM TO A MINING CONTRACT IN PROGRESS IN MOZAMBIQUE WHICH TOTAL AMOUNT REACHES 871 MILLION USD

MOTA-ENGIL S.G.P.S., S.A. ("MOTA-ENGIL"), informs that its subsidiary for the Africa region has signed an addendum to a mining contract currently underway in Moatize - Mozambique, whose client is the multinational Group Vale, S.A., which total amount reaches 871 million USD, an increase of 427 million USD in comparison with the initial amount of the contract – 444 million USD.

The aforementioned addendum establishes the extension of the current mining contract for an additional period of 2 years, being its conclusion now set for December 31, 2024."

15. Approval of the financial statements

The attached consolidated financial statements were approved and authorized for issue by the Board of Directors at September 1, 2021.

Appendix A. Consolidated companies

COMPANIES INCLUDED IN THE CONSOLIDATION BY THE FULL CONSOLIDATION METHOD

The companies included in the attached consolidated financial statements using the full consolidation method, their head offices, effective holding percentage, activity, incorporation date and acquisition date were as follows:

Designation	Head Office	Effective holding percentage	Activity	Incorporation date Acquisition date
Parent Company of the Group and related activities
Mota-Engil, SGPS, S.A., Sociedade Aberta ("Mota-Engil SGPS")	Portugal (Porto)	-	Management of financial holdings	Aug-90	-
Bay-Park Korlátolt Felelősségű Társaság Kft. ("Bay Park")	Hungary	76,73	Real Estate development	-	Dec-08
Through Obol Invest Botelho, Silva & Abreu, Lda. ("Botelho & Abreu")	(Budapest) Portugal	76,73 100,00
Through Largo do Paço	(Porto)	100,00	Restaurant	Aug-43	Jun-19
Corgimobil - Empresa Imobiliária das Corgas, Lda. ("Corgimobil") Through Mota-Engil Real Estate Portugal	Portugal (Cascais)	97,25 97,25	Construction works, studies and real estate	-	Nov-00
Dmowskiego Project Development, Sp. z.o.o. ("Dmowskiego")	Poland	100,00	Real Estate development	Aug-07	-
Through Mota-Engil Real Estate, SGPS Gesar - Gestão de Águas Residuais do Algarve ("GESAR ACE Manvia")	(Krakow) Portugal	100,00 54,00
Through Manvia	(Linda-a-Velha)	54,00	Wastewater treatment	Apr-15	-
Kordylewskiego Project Development W Likwidacji Sp. z o.o. ("Kordylewskiego")	Poland	100,00	Real Estate development	Feb-05	-
Through Mota-Engil Real Estate, SGPS Largo do Paço – Investimentos Turísticos e Imobiliários, Lda. ("Largo do Paço")	(Krakow) Portugal	100,00 100,00
Through Mota–Engil Capital	(Amarante)	100,00	Real Estate development	-	Oct-01
Logz - Atlantic Hub, S.A. ("Logz") Through Mota-Engil Capital	Portugal (Lisbon)	100,00 100,00	Management and provider of logistics services	Jul-08	Feb-20
Luso Global Mining B.V. ("Luso Global Mining BV")	Netherlands	100,00
Through Luso Global Mining	(Amsterdam)	100,00	Management of financial holdings	Oct-10	-
Luso Global Mining, S.A. ("Luso Global Mining")	Portugal	100,00	Mineral prospection and exploration	Aug-20	-
Through Mota-Engil Capital Manvia - Manutenção e Exploração de Instalações e Construção, S.A. ("Manvia")	(Porto) Portugal	100,00 90,00
Through Mota–Engil Ambiente e Serviços	(Linda-a-Velha)	90,00	Maintenance and operation of facilities	Jul-94	Jun-98
Manvia II Condutas, Lda. ("Manvia II Condutas") Through Manvia	Portugal (Linda-a-Velha)	90,00 90,00	Construction and maintenance of sanitation water or other fluids ducts	Dec-10	Nov-20
ME Investitii AV s.r.l. ("Mota-Engil Investitii")	Romania	100,00
Through Mota-Engil Real Estate, SGPS	(Bucharest)	100,00	Real Estate development	-	Sep-07
MESP - Mota Engil Serviços Partilhados, Administrativos e de Gestão, S.A. ("Mota-Engil Serviços Partilhados")	Portugal	100,00	Administrative Services	Dec-02	-
Through Mota-Engil SGPS	(Porto)	100,00
ME 3I, SGPS, S.A. ("ME 3I SGPS")	Portugal	61,20	Management of financial holdings	Oct-11	-
Through Mota-Engil Indústria e Inovação MK Contractors, LLC ("MKC")	(Linda-a-Velha) USA	61,20 100,00	Real Estate development	Mar-02	-
Through Mota-Engil Engenharia e Construção Mota-Engil África, N.V. ("ME África NV")	(Miami)	100,00
Through Mota-Engil SGPS	Netherland (Amsterdam)	100,00 100,00	Management of financial holdings	Oct-12	-
Mota-Engil Capital, S.A. ("Mota-Engil Capital")	Portugal	100,00	Management of financial holdings	Feb-18	-
Through Mota-Engil SGPS Mota-Engil Indústria e Inovação, SGPS, S.A. ("Mota-Engil Indústria e Inovação")	(Porto) Portugal	100,00 100,00
Through Mota-Engil SGPS	(Linda-a-Velha)	100,00	Management of financial holdings	Nov-10	-
Mota-Engil Mediação de Seguros, S.A. ("Mota-Engil Mediação") Through Mota-Engil SGPS	Portugal (Porto)	100,00 100,00	Insurance mediation	Jul-20	-
Mota-Engil Real Estate Hungary Ingatlanforgalmazó, Kereskedelmi és Szolgáltató Kft. ("Mota-Engil Real	Hungary	100,00
Estate Hungria") Through Mota-Engil Real Estate, SGPS	(Budapest)	100,00	Real Estate development	Jul-05	-
Mota-Engil Real Estate Portugal, S.A. ("Mota-Engil Real Estate Portugal")	Portugal	100,00	Real Estate development	Sep-01	-
Through Mota-Engil Real Estate, SGPS	(Porto)	100,00
Mota-Engil Real Estate, SGPS, S.A. ("Mota-Engil Real Estate SGPS") Through Mota-Engil Capital	Portugal (Porto)	100,00 100,00	Management of financial holdings	Dec-02	-
Mota-Engil Renewing, S.A. ("ME Renewing")	Portugal	100,00
			Energy, sustainable mobility, recycling and reuse and resource utilization	Aug-18	-
Through Mota-Engil Capital	(Porto)	100,00
Öböl Invest Befektetési És Üzletviteli Tanácsadó Korlátolt Felelősségű Társaság Kft. ("Obol Invest") Through Mota-Engil Real Estate, SGPS	Hungary (Budapest)	77,50 77,50	Real Estate development	-	May-05
Öböl Xi. Ingatlanhasznosítási Beruházó És Szolgáltató Korlátolt Felelősségű Társaság Kft. ("Obol XI")	Hungary	76,73	Real Estate development	-	Dec-03
Through Obol Invest	(Budapest)	76,73	Marketing, management and exploitation
Proempar - Promoção e Gestão de Parques Empresariais e Tecnológicos, S.A. ("Proempar")	Portugal (Porto)	100,00	of technological and industrial business	Oct-06	-
Through Mota-Engil Real Estate Portugal PTT - Parque Tecnológico do Tâmega, S.A. ("PTT")	Portugal	100,00 90,00	parks Marketing, management and exploitation
Through Mota-Engil Real Estate Portugal	(Felgueiras)	90,00	of technological and industrial business	Dec-06	-
Sikorki Project Development Sp. z o.o. ("Sikorki")	Poland		parks
Through Mota-Engil Real Estate, SGPS	(Krakow)	100,00 100,00	Real Estate development	Oct-12	-
Soltysowska Project Development Sp. z o.o. ("Soltysowska")	Poland	100,00	Real Estate development	Nov-05	-
Through Mota-Engil Real Estate, SGPS Takargo - Transportes de Mercadorias, S.A. ("Takargo")	(Krakow) Portugal	100,00 100,00
Through Mota-Engil Ambiente e Serviços	(Linda-a-Velha)	100,00	Railway transportation of goods	Oct-06	-
Turalgo-Sociedade de Real Estate development e Turística do Algarve, S.A. ("Turalgo") Through Mota-Engil Real Estate Portugal	Portugal (Oeiras)	51,00 51,00	Real Estate development	May-92	-
Wilanow Project Development SP. z.o.o. ("Wilanow")	Poland	100,00	Real Estate development	Jun-07	-
Through Mota-Engil Real Estate, SGPS	(Krakow)	100,00

Designation	Head Office	Effective holding	Activity	Incorporation date Acquisition date
		percentage
Europe
Mota-Engil Europa, S.A. ("Mota-Engil Europa") Through Mota-Engil SGPS	Portugal (Linda-a-Velha)	100,00 100,00	Management of financial holdings	Jun-10	-
Engineering and Construction
Áreagolfe - Gestão, Construção e Manutenção de Campos de Golfe, S.A. ("Áreagolfe") Through Vibeiras	Portugal (Torres Novas)	77,78 77,78	Golf courses construction, management and maintenance	-	Jul-07
Arkona Property Development Sp z.o.o. ("Arkona")	Poland	100,00
Through Mota-Engil Real Estate Management	(Krakow)	100,00	Real Estate development	Nov-15	-
Balice Project Development Sp. z o.o. ("Balice")	Poland	100,00	Real Estate development	Oct-12	-
Through Mota-Engil Real Estate Management Belém Grid - Promoção Imobiliária e de Animação Turística, S.A. ("Belém Grid")	(Krakow) Portugal	100,00 100,00	Real Estate development and tourist
Through Mota-Engil Engenharia e Construção Bukowinska Project Development ("Bukowinska Project Development")	(Porto) Poland	100,00 100,00	entertainment	Oct-19	-
Through Mota-Engil Real Estate Management	(Krakow)	100,00	Design and construction of social housing	Mar-15	-
Carlos Augusto Pinto dos Santos & Filhos S.A. ("Capsfil") Through Mota-Engil Engenharia e Construção	Portugal (Vila Flor)	100,00 100,00	Extraction of gravel, sand and crushed stone	Mar-77	Oct-09
Diace - Construtoras das Estradas do Douro Interior A.C.E. ("Diace ACE MEEC")	Portugal	53,10	Realization of construction works and	Nov-08	Dec-15
Through Mota–Engil Engenharia e Construção Dzieci Warszawy Project Development Sp. z.o.o. ("Dzieci")	(Porto) Poland	53,10 100,00	services and providing design
Through Mota-Engil Real Estate Management Ekosrodowisko z.o.o. In Liquidation ("Ekosrodowisko")	(Krakow) Poland	100,00 61,50	Real Estate development	Nov-15	-
Through MES	(Bytom)	61,50	Urban solid waste	Feb-05	Dec-05
Glace - Construtoras das Auto-estradas da Grande Lisbon A.C.E. ("Glace ACE MEEC")	Portugal (Porto)	52,87	Realization of construction works and services and providing design	Dec-06	Dec-15
Through Mota–Engil Engenharia e Construção Glan Agua, Ltd ("Glanagua")	Ireland	52,87 70,00	Realization of construction works and
Through MEIS	(Ballinasloe)	70,00	services and providing design	Jan-08	-
Glan Agua (UK), Ltd ("Glan Agua UK")	UK	70,00	Treatement of waste, exploitation and management of water sytems	Jul-15	-
Through MEIS Grodkowska Project Development Sp. z.o.o. ("Grodkowska")	(St Albans) Poland	70,00 100,00
Through Mota-Engil Real Estate Management	(Krakow)	100,00	Design and construction of social housing	Mar-14	-
Hygeia – Edifícios Hospitalares, SGPS, S.A. ("Hygeia") Through Mota–Engil Engenharia e Construção	Portugal	99,00 98,99	Management of financial holdings	Dec-18	-
Through Manvia, Mota-Engil Capital and Mota-Engil Europa	(Lisbon)	0,01
Immo Park Gdańsk, Sp. z.o.o. ("Immo Park Gdańsk") Through Mota-Engil Central Europe Poland	Poland (Krakow)	100,00 100,00	Design, construction, management and exploitation of parking	Mar-13	-
Immo Park Warszawa, Sp. z.o.o. ("Immo Park Warszawa")	Poland	100,00	Design, construction, management and	Oct-12	-
Through Mota-Engil Central Europe Poland	(Krakow)	100,00	exploitation of parking
Kilinskiego Project Development Sp. z.o.o. ("Kilinskiego") Through Mota-Engil Real Estate Management	Poland (Krakow)	100,00 100,00	Real Estate development	Aug-07	-
Kilinskiego Property Investment Sp. z.o.o. ("Kilinskiego PI") Through Kilinskiego Project Development Sp. z.o.o.	Poland	100,00 99,99	Real Estate development	Sep-11	-
Through Mota-Engil Real Estate, SGPS	(Krakow)	0,01
La Scala Property Development Sp z.o.o. ("Scala") Through Mota-Engil Real Estate Management	Poland (Krakow)	100,00 100,00	Real Estate development	Oct-12	-
Listopada Project Development ("Listopada Project Development") Through Mota-Engil Real Estate Management	Poland (Krakow)	100,00 100,00	Real Estate development	Nov-15	-
Lusitânia - Construtoras das Auto-estradas das Beiras Litoral e Alta A.C.E. ("Lusitânia ACE MEEC")	Portugal	83,95	Realization of construction works and
Through Mota–Engil Engenharia e Construção	(Porto)	83,95	services and providing design	Apr-01	Dec-15
MEREM - Asset Management Sp. z.o.o. ("MEREM")	Poland (Krakow)	100,00	Real Estate development	Feb-20	-
Through Mota-Engil Real Estate Management		100,00
MES, Mota-Engil Srodowisko, Sp. z.o.o. ("MES") Through Suma	Poland (Krakow)	61,50 61,50	Urban solid waste	Dec-05	-
Mota-Engil Central Europe Ceska Republika, AS ("Mota-Engil Central Europe República Checa")	Czech Rep.	100,00	Construction and public works	Jan-97	-
Through Mota-Engil Europa Mota-Engil Central Europe Management, SGPS, S.A. ("Mota-Engil Central Europe Management")	(Prague) Portugal	100,00 100,00
Through Mota-Engil Europa	(Porto)	100,00	Management of financial holdings	Aug-17	-
Mota-Engil Central Europe PPP 2 Sp. z.o.o ("ME Central Europe PPP 2") Through Mota-Engil Central Europe Poland	Poland (Krakow)	100,00 100,00	Design, construction, management and exploitation of parking	Dec-13	-
Mota-Engil Central Europe PPP 3 Sp. z.o.o ("ME Central Europe PPP 3")	Poland	100,00	Design, construction, management and	Apr-14	-
Through Mota-Engil Central Europe Poland Mota-Engil Central Europe PPP 4 Sp. z.o.o ("ME Central Europe PPP 4")	(Krakow) Poland	100,00 100,00	exploitation of parking Design, construction, management and
Through Mota-Engil Central Europe Poland	(Krakow)	100,00	exploitation of parking	Oct-20	-
Mota-Engil Central Europe PPP Road Sp. z.o.o ("ME Central Europe PPP Road")	Poland (Krakow)	100,00	Design, construction, management and exploitation of parking	-	Nov-13
Through Mota-Engil Central Europe Poland Mota-Engil Central Europe PPP Sp. z.o.o ("ME Central Europe PPP")	Poland	100,00 100,00	Design, construction, management and
Through Mota-Engil Central Europe Poland	(Krakow)	100,00	exploitation of parking	Mar-12	-
Mota-Engil Central Europe, S.A. ("ME Central Europe Poland") Through Mota-Engil Central Europe Management	Poland (Krakow)	100,00 100,00	Construction works	Feb-53	Mar-99
Mota-Engil Engenharia e Construção, S.A. ("Mota-Engil Engenharia e Construção") Through Mota-Engil Europa	Portugal (Amarante)	100,00 100,00	Construction works	Dec-00	-
Mota-Engil International Construction (UK) Ltd ("Mota-Engil UK")	UK	60,00	Construction works	Jul-15	-
Through Mota-Engil Engenharia e Construção Mota-Engil Ireland Construction Limited ("Mota-Engil Irlanda")	(St Albans)	60,00 60,00
Through Mota-Engil Engenharia e Construção Mota-Engil Ireland Services Ltd. ("MEIS")	Ireland (Dublin)	60,00 70,00	Construction works Treatement of waste, exploitation and	Oct-07	-
Through Mota-Engil Engenharia e Construção	Ireland (Dublin)	70,00	management of water sytems	Jan-08	-
Mota-Engil Magyarország Beruházási És Épitoipari Zrt. ("Mota-Engil Magyarország") Through Mota-Engil Europa	Hungary (Budapeste)	100,00 100,00	Construction and public works	Jan-96	-
Mota-Engil Railway Engineering, S.A. ("ME Railway Engineering")	Portugal	100,00	Study, projects, execution of works and
Through Mota-Engil Engenharia e Construção Through MEEC África	(Porto)	96,15 1,92	representation of materials and equipment related to railway works	Jun-18	-
Through Mota-Engil Latin America BV Mota-Engil Real Estate Management, sp. z.o.o. ("Mota-Engil Real Estate Management")	Poland	1,92 100,00
Through Mota-Engil Central Europe Poland	(Krakow)	100,00	Real Estate development	Jun-05	-
Mota-Engil Vermelo Sp. z.o.o ("ME Vermelo") Through Mota-Engil Real Estate Management	Poland (Krakow)	100,00 100,00	Real Estate development	Mar-12	-
Norace - Construtoras das Auto-estradas do Norte A.C.E. ("Norace ACE MEEC")	Portugal	82,87	Realization of construction works and	Jun-99	Dec-15
Through Mota–Engil Engenharia e Construção Oriental Hub, S.A. ("Oriental Hub")	(Porto) Portugal	82,87 100,00	services and providing design Design, construction, rehabilitation and
Through Mota–Engil Engenharia e Construção	(Porto)	100,00	operation of the Old Industrial Slaughterhouse of Porto	Nov-18	-
Pinhal - Construtoras das Auto-estradas do Pinhal Interior A.C.E. ("Pinhal ACE MEEC")	Portugal	53,52	Realization of construction works and	Apr-10	Dec-15
Through Mota–Engil Engenharia e Construção	(Porto)	53,52	services and providing design
Portuscale - Construtoras das Auto-estradas do Grande Porto A.C.E. ("Portuscale ACE MEEC")	Portugal (Porto)	83,95	Realization of construction works and services and providing design	Jul-02	Dec-15
Through Mota–Engil Engenharia e Construção Project Development 2 Sp. z.o.o. ("Project Development 2")	Poland	83,95 100,00
Through Mota-Engil Real Estate Management	(Krakow)	100,00	Real Estate development	Nov-15	-
Project Development 4 Sp. z.o.o. ("Project Development 4")	Poland (Krakow)	100,00	Real Estate development	Feb-20	-
Through Mota-Engil Real Estate Management		100,00

Designation	Head Office	Effective holding percentage	Activity	Incorporation date Acquisition date
Project Development 5 Sp. z.o.o. ("Project Development 5") Through Mota-Engil Real Estate Management	Poland (Krakow)	51,00 51,00	Real Estate development	Feb-20	-
Senatorska Project Development Sp. z.o.o. ("Senatorska") Through Mota-Engil Real Estate Management	Poland (Krakow)	100,00 100,00	Real Estate development	Nov-15	-
Streamgrest Limited ("Streamgrest") Through Mota-Engil Irlanda	Ireland (Galway)	65,00 30,00	Comercial	Feb-18	-
Through GlanAgua VBT - Projectos e Obras de Arquitectura Paisagística, Lda ("VBT")	Angola	35,00 48,89
Through Vibeiras Through Mota-Engil Ambiente e Serviços	(Luanda) Portugal	38,89 10,00	Landscape gardening	Sep-08	-
Vianor - Construtoras das Auto-estradas da Costa de Prata A.C.E. ("Vianor ACE MEEC") Through Mota–Engil Engenharia e Construção	(Porto)	83,95 83,95	Realization of construction works and services and providing design	Apr-00	Dec-15
Vibeiras – Sociedade Comercial de Plantas, S.A. ("Vibeiras") Through Mota-Engil Engenharia e Construção	Portugal (Torres Novas)	77,78 77,78	Landscape gardening	Jul-88	Oct-98
Environment and Services AGIR - Ambiente e Gestão Integrada de Resíduos, Lda. ("Agir")	Cape Green	80,75	Treatment and recovery of urban solid
Through Mota-Engil Ambiente e Serviços Through Suma Algar - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Algar")	(Praia) Portugal	50,00 30,75 33,15	waste Treatment and recovery of urban solid	Dec-07	-
Through EGF Amarsul- Valorização e Tratamento de Resíduos Sólidos, S.A. ("Amarsul")	(Loulé) Portugal	33,15 30,19	waste Treatment and recovery of urban solid	-	Jun-15
Through EGF Citrave - Centro Integrado de Tratamento de Resíduos de Aveiro, S.A. ("Citrave")	(Setúbal)	30,19 61,50	waste	-	Jun-15
Through Novaflex Through Suma	Portugal (Lisbon)	0,05 61,41	Treatment and disposal of non-hazardous waste	Dec-87	Oct-06
Through Suma Esposende Correia & Correia, Lda. ("Correia & Correia")	Portugal	0,05 48,18	Trade and collection of used oils	Sep-88	Feb-00
Through Enviroil Eco Vision LLC ("Eco Vision")	(Sertã) Oman	48,18 31,37	Treatment and recovery of urban solid	Jul-15	-
Through Suma Empresa Geral de Fomento, S.A. ("EGF")	(Muscat) Portugal	31,37 59,19	waste Treatment and recovery of urban solid	-	Jun-15
Through Suma Tratamento Enviroil II – Reciclagem de Óleos Usados, Lda. ("Enviroil II")	(Lisbon) Portugal	59,19 45,77	waste Oil recycling, electricity production and	Apr-11	-
Through Enviroil Through SRI Enviroil SGPS, Lda. ("Enviroil")	(Torres Novas) Portugal	43,37 2,41 48,18	bulk trade of fuels and related products
Through Suma Ersuc - Resíduos Sólidos do Centro, S.A. ("Ersuc")	(Torres Novas) Portugal	48,18 34,14	Management of financial holdings	Nov-97	-
Through EGF Through Suma	(Coimbra)	30,46 3,68	Treatment and recovery of urban solid waste	-	Jun-15
InvestAmbiente - Recolha de Resíduos e Gestão de Sistemas de Saneamento Básico, S.A. ("Investambiente") Through Novaflex	Portugal (Lisbon)	31,98 31,98	Collection of non-hazardous waste	Feb-00	Dec-07
Mota-Engil, Ambiente e Serviços, SGPS, S.A. ("Mota-Engil Ambiente e Serviços") Through Mota-Engil Europa	Portugal (Porto)	100,00 100,00	Management of financial holdings	Jun-97	-
Nova Beira - Gestão de Resíduos, S.A. ("Nova Beira") Through Novaflex	Portugal (Lisbon)	41,72 20,30	Treatment and disposal of non-hazardous waste	-	Dec-07
Through Investambiente Novaflex - Técnicas do Ambiente, S.A. ("Novaflex") Through Suma	Portugal (Lisbon)	21,42 61,50 61,50	Treatment and disposal of non-hazardous waste	-	Dec-07
Real Verde - Técnicas de Ambiente, S.A. ("Real Verde") Through Novaflex	Portugal (Vila Real)	61,50 61,50	Treatment and disposal of non-hazardous waste	Dec-07	-
Resiestrela - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Resiestrela") Through EGF	Portugal (Castelo Branco)	37,26 37,26	Treatment and recovery of urban solid waste	-	Jun-15
Resiges - Gestão de Resíduos Hospitalares, Lda. ("Resiges") Through Novaflex	Portugal (Setúbal)	61,50 61,50	Collection of hazardous waste	May-98	Dec-07
Resilei – Tratamento de Resíduos Industriais, S.A. ("Resilei") Through Suma	Portugal (Leiria)	30,75 30,75	Treatment and disposal of non-hazardous waste	-	Jun-03
Resinorte - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Resinorte") Through EGF	Portugal (Braga)	44,46 44,46	Treatment and recovery of urban solid waste	-	Jun-15
Resulima - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Resulima") Through EGF	Portugal (Viana do Castelo)	30,19 30,19	Treatment and recovery of urban solid waste	-	Jun-15
Rima – Resíduos Industriais e Meio Ambiente, S.A. ("Rima") Through Suma	Portugal (Lourosa)	59,12 59,12	Treatment of industrial waste	Aug-01	-
SIGA - Sistema Integrado de Gestão Ambiental, S.A. ("Siga") Through Suma	Portugal (Ponta Delgada)	43,05 43,05	Treatment and disposal of non-hazardous waste	Oct-08	-
SIGAMB - Sistemas de Gestão Ambiental, Lda. ("SIGAMB") Through Novaflex	Angola (Luanda)	61,44 61,44	Technical studies, consultancy and formation in the environmental area	Feb-14	-
SRI - Gestão de Resíduos, Lda ("SRI") Through Correia & Correia	Portugal (Sertã)	48,18 48,18	Collection of hazardous waste	Jul-08	-
Suldouro - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Suldouro") Through EGF	Portugal (Vila Nova de Gaia)	35,52 35,52	Treatment and recovery of urban solid waste	-	Jun-15
Suma (Douro) - Serviços Urbanos e Meio Ambiente, Lda. ("Suma Douro") Through Suma	Portugal (Murça)	61,50 61,50	Treatment and recovery of urban solid waste	Jul-00	-
Suma (Esposende) - Serviços Urbanos e Meio Ambiente, Lda. ("Suma Esposende") Through Suma	Portugal (Esposende)	61,50 61,50	Treatment and recovery of urban solid waste	Dec-99	-
Suma (Macau), Lda. ("Suma Macau") Through Suma	China (Macau)	60,89 60,89	Treatment and recovery of urban solid waste	-	Dec-13
Sumalab, S.A. ("Sumalab")	Portugal (Matosinhos)	61,50	Treatment and recovery of urban solid waste	Dec-00	-
Through Suma Suma (Porto) - Serviços Urbanos e Meio Ambiente, S.A. ("Suma Porto") Through Suma	Portugal (Porto)	61,50 61,50 61,50	Treatment and recovery of urban solid waste	Nov-08	-
Suma Tratamento, S.A. ("Suma Tratamento") Through Suma		59,20 49,19
Through Suma Esposende Through Novaflex Through Mota-Engil Ambiente e Serviços	Portugal (Lisbon)	0,01 0,01 10,00	Management of financial holdings	Oct-14	-
Suma – Serviços Urbanos e Meio Ambiente, S.A. ("Suma") Through Mota-Engil Ambiente e Serviços	Portugal (Lisbon)	61,50 61,50	Treatment and recovery of urban solid waste	Jun-94	-
Triaza - Tratamento de Resíduos Industriais da Azambuja, S.A. ("Triaza") Through Suma	Portugal (Azambuja)	61,50 61,50	Treatment and recovery of urban solid waste	Nov-15	-
Triu - Técnicas de Resíduos Industriais e Urbanos, S.A. ("Triu") Through Enviroil Valnor - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Valnor")	Portugal (Loures) Portugal	48,18 48,18 31,57	Collection of non-hazardous waste Treatment and recovery of urban solid	Apr-91	Sep-08
Through EGF Valorlis - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Valorlis")	(Portalegre)	31,57 30,19	waste Treatment and recovery of urban solid	-	Jun-15
Through EGF	Portugal	30,19	waste	-	Jun-15

Designation	Head Office	Effective holding percentage	Activity	Incorporation date Acquisition date
Valorminho - Valorização e Tratamento de Resíduos Sólidos, S.A. ("Valorminho")	Portugal	30,19	Treatment and recovery of urban solid waste	-	Jun-15
Through EGF Valorsul - Valorização e Tratamento de Resíduos Sólidos das Regiões de Lisbon e do Oeste, S.A. ("Valorsul")	(Valença) Portugal (Loures)	30,19 31,33	Treatment and recovery of urban solid waste	-	Jun-15
Through EGF Africa		31,33
Akwangola, S.A. ("Akwangola") Through Mota-Engil Angola	Angola (Luanda)	51,00 51,00	Exploitation of water market	Dec-10	Dec-13
AMGP Agricultura, S.A. ("AMGP")	Portugal	100,00	Management of farm projects	Feb-19	Sep-20
Through MEEC África Cecot - Centro de Estudos e Consultas Técnicas, Lda. ("Cecot")	(Porto) Mozambique	100,00 100,00	Construction works' projects and
Through MEEC África	(Maputo)	100,00	inspection	Sep-98	Apr-11
Clean Eburnie SARL ("Clean Eburnie")	Ivory Coast	60,00	Technical studies, conception, finance, constructions and exploration of landfills	Dec-17	-
Through MEEC África Cosamo (Proprietary) Limited ("Cosamo")	(Abidjan) South Africa	60,00
Through Mota Internacional	(Joanesburgo)	100,00 100,00	Comercial	Dec-76	-
Eco Eburnie, S.A. ("Eco Eburnie")	Ivory Coast	100,00	Treatment and recovery of urban solid waste and cleaning and maintenance of	Oct-17	-
Through MEEC África Ecolife, S.A. ("Ecolife")	(Abidjan) Mozambique	100,00 58,45	streets Treatment and recovery of urban solid
Through Mota-Internacional Through Suma	(Maputo)	40,00 18,45	waste	Dec-13	-
Empresa Agrícola Florestal Portuguesa, S.A. ("Empresa Agrícola Florestal")	Portugal	100,00
Through AMGP Through Mota–Engil Engenharia e Construção	(Porto)	55,28 44,72	Forestry exploration	Feb-18	Sep-20
Estradas do Zambeze ("Estradas do Zambeze")	Mozambique	95,00	Road concession	Nov-09	Apr-20
Through MEEC África Fatra - Fábrica de Trefilaria de Angola, S.A. ("Fatra")	(Maputo) Angola	95,00 70,00	Manufacturing of iron-derived products	May-08	Nov-10
Through Mota Internacional Fibreglass Sundlete (Mozambique), Lda. ("Fibreglass")	(Luanda) Mozambique	70,00 100,00
Through ME Maurícias	(Maputo)	100,00	Comercial	Aug-62	Mar-99
Indimo, Lda. ("Indimo") Through Cecot	Mozambique (Maputo)	100,00 50,00	Real Estate development	-	Oct-04
Through MEEC África Liwonde Logistics Platform Limited ("Liwonde")	Malawi	50,00 99,49
Through ME Investments Malawi	(Lilongwe)	50,00	Management of financial holdings	Jun-15	-
Through MEEC Africa – Malawi Branch Malawi Ports Company Limited ("Malawi Ports Company")	Malawi	49,49 100,00
Through MEEC África Through ME Malawi	(Lilongwe)	88,00 12,00	Shipping	Nov-10	-
Malawi Shipping Company Limited ("Malawi Shipping Company")	Malawi	100,00	Shipping	Nov-10	-
Through ME Malawi Martinox, S.A. ("Martinox")	(Lilongwe) Angola	100,00 51,00	Stainless steel works	Feb-08	Dec-11
Through Mota-Engil Angola Mota & Companhia Maurícias, Lda. ("ME Maurícias")	(Benguela) Maurícias	51,00 100,00
Through MEEC África	(Ebene)	100,00	Construction works	May-10	-
Mota-Engil África, SGPS, S.A. ("Mota-Engil África") Through MEEC África	Portugal (Porto)	100,00 100,00	Management of financial holdings	May-10	-
Mota-Engil África Global Technical Services B.V. ("ME África GTS BV")	Netherlands	100,00	Management of companies	May-14	-
Through MEEC África Mota-Engil Angola, S.A. ("Mota-Engil Angola")	(Amesterdam) Angola	100,00 51,00	Public works and /or construction works	May-10	-
Through Mota Internacional Mota-Engil Cameroon SARL ("Mota-Engil Cameroon")	(Luanda) Cameroon	51,00 100,00	contractor Public works and /or construction works
Through MEEC África	(Douala)	100,00	contractor	Jan-18	-
Mota-Engil Côte D´Ivoire, SARL ("Mota-Engil Ivory Coast") Through MEEC África	Ivory Coast (Abidjan)	100,00 100,00	Public works and /or construction works contractor	Apr-18	-
Mota-Engil Engenharia e Construção África PTY LTD ("Mota-Engil Engenharia e Construção África PTY") Through MEEC África	South Africa (Joanesburgo)	100,00 100,00	Construction works	Feb-17	-
Mota-Engil Engenharia e Construção África, S.A. ("MEEC África") Through Mota-Engil SGPS	Portugal (Porto)	100,00 100,00	Construction works	Aug-12	-
Mota-Engil Guinée Conakry, SARL ("Mota-Engil Guiné")	Guinea Conakry	100,00	Public works and /or construction works	Aug-17	-
Through MEEC África Mota-Engil Guinée Mandiana, SARL ("Mota-Engil Guiné Mandiana")	(Conacri) Guinea Conakry	100,00 100,00	contractor Mining and forestry extraction	Feb-20	-
Through MEEC África Mota-Engil Investments (Malawi) Limited ("ME Investments Malawi")	(Conacri) Malawi	100,00 99,00	Public works and /or construction works
Through Mota-Engil Africa Mota-Engil (Malawi) Limited ("ME Malawi")	(Lilongwe) Malawi	99,00 99,99	contractor Public works and /or construction works	Mar-11	-
Through MEEC África	(Lilongwe)	99,99	contractor	Jul-11	-
Mota-Engil Mozambique, Lda. ("ME Mozambique") Through MEEC África	Mozambique	100,00 50,00	Real Estate Development	Jul-94	-
Through Indimo	(Maputo)	50,00
Mota-Engil S. Tomé e Príncipe, Lda. ("Mota-Engil S. Tomé") Through Mota Internacional	S. Tomé e Príncipe (S. Tomé)	100,00 95,00	Public works and /or construction works contractor	Dec-04	-
Through MEEC África		5,00
Mota Internacional – Comércio e Consultadoria Económica, Lda. ("Mota Internacional")	Portugal (Funchal)	100,00	Management of financial holdings	Sep-97	Dec-98
Through Mota-Engil África Novicer - Cerâmicas de Angola, (SU) Limitada. ("Novicer")	Angola	100,00 51,00	Manufacture and trade of clay materials	Sep-07	-
Through Mota-Engil Angola Operadora Estradas do Zambeze ("Operadora Estradas do Zambeze")	(Luanda) Mozambique	51,00 95,00
Through MEEC África Penta - Engenharia e Construção, Lda. ("Penta")	(Maputo)	95,00 100,00	Road operation and maintenance	Nov-09	Apr-20
Through MEEC África	Cape Green (Praia)	96,00	Public works and /or construction works contractor	Apr-07	-
Through Mota Internacional Prefal – Préfabricados de Luanda, Lda. ("Prefal")	Angola	4,00 45,90
Through Mota-Engil Angola	(Luanda)	45,90	Manufacturing of prestressed goods	Dec-93	-
Rentaco Angola - Equipamentos e Transportes, (SU) Limitada. ("Rentaco Angola") Through Mota-Engil Angola	Angola (Luanda)	51,00 51,00	Rental of construction equipment	Jan-08	-
Sonauta - Sociedade de Navegação, Lda. ("Sonauta")	Angola	100,00	Sea transportation, excluding coastal	Nov-94	-
Through Mota Internacional	(Luanda)	100,00	transport
Tracevia Angola - Sinalização, Segurança e Gestão de Tráfego, Lda. ("Tracevia Angola") Through Mota-Engil Angola	Angola (Luanda)	51,00 51,00	Road signs	-	Sep-07
Vista Energy Environment & Services, S.A. ("Vista SA")	Angola	51,00	Management of financial holdings	Jul-08	Dec-13
Through Mota-Engil Angola Vista Multi Services, Lda. ("Vista Multi Services")	(Luanda) Angola	51,00 51,00
Through Vista SA Through Mota-Engil Angola	(Luanda)	40,80 10,20	Urban services	May-09	Dec-13
Vista Waste Management, Lda. ("Vista Waste")	Angola	56,15
Through Mota-Engil Angola Through Vista SA		5,10 20,91	Collection of waste	Dec-09	Dec-13
Through Suma	(Luanda)	30,14

Designation	Head Office	Effective holding percentage	Activity	Incorporation date Acquisition date
Latin America
Administradora Desarrollo MEM ("Administradora Desarrollo MEM")	Mexico	51,49
Through Mota-Engil Mexico Through Mota-Engil América Latina SAPI	(Mexico City)	50,49 1,00	Business Administration	Feb-18	-
Ambiente y Servicios Peru S.A. ("Ambiente y Servicios Peru") Through Mota-Engil Engenharia e Construção	Peru (Lima)	100,00 0,00	Terminals exploration	-	-
Through Mota-Engil Peru		100,00
Comercializadora Costa Canuva ("Comercializadora Costa Canuva") Mota-Engil Turismo	México (México City)	28,76 28,76	Real Estate development	Dec-11	Sep-19
Concesionaria Cua SAPI de C.V. ("Concesionaria Cua")	Mexico	50,83
Through Mota-Engil Mexico Through Vias y Comunicaciones Cua	(Mexico City)	34,00 16,83	Road construction and maintenance	Nov-16	Nov-20
Concesionaria Tultepec AIFA Pirámides, S.A. de C.V. ("Concesionaria Tultepec") Through Mota-Engil América Latina SAPI	Mexico (Mexico City)	51,00 0,00	Motorway concessionaire	Dec-20	-
Through Mota-Engil Mexico		51,00
Concessiones e Infraestructuras Andina S.A. ("Concessiones e Infraestructuras Andina") Through Mota-Engil Engenharia e Construção África	Peru (Lima)	100,00 1,00	Civil construction	Feb-21	-
Through Mota-Engil Latam PT		99,00
Consórcio EE Canoas ("Consórcio EE Canoas") Through Empresa Construtora do Brazil	Colombia	87,50 21,88	Construction and public works	Sep-18	-
Through Mota-Engil Latam Colombia SAS	(Bogotá)	65,63
Consórcio Fanning ("Consórcio Fanning") Through Mota- Engil Peru	Peru (Lima)	100,00 100,00	Real Estate development	Dec-11	-
Consórcio GDL Viaduto, SAPI de C.V. ("Consórcio GDL Viaduto")	Mexico	21,88	Construction and public works	Jun-14	-
Through Mota-Engil Mexico Consorcio Hospitalario Chavin ("Consórcio Hospitalario Chavin")	(Mexico City) Peru	21,88 90,00	Architectural and engineering activities
Through Mota- Engil Peru	(Lima)		and technical consultancy	Nov-20	-
Consórcio La Ponciana ("Consórcio La Ponciana")	Peru	100,00	Real Estate development	Dec-11	-
Through Mota- Engil Peru Consórcio Lamat Tramo 1 SAPI ("Consórcio Lamat")	(Lima) Mexico	100,00 29,58
Through Mota-Engil Mexico	(Mexico City)	29,58	Construction and public works	Apr-20	-
Consórcio Los Castãnos ("Consórcio Los Castãnos") Through Mota- Engil Peru	Peru (Lima)	100,00 100,00	Real Estate development	Dec-11	-
Consórcio ME Carrera 43 ("Consorcio ME Carrera 43") Through Mota–Engil Engenharia e Construção - Colombia Branch	Colombia	51,00 0,00	Construction and public works	Feb-18	-
Through Mota-Engil Latam Colombia SAS	(Bogotá)	51,00
Consórcio MEC Arroyo Carrera 65 ("Consórcio MEC Arroyo Carrera") Through Mota–Engil Engenharia e Construção - Colombia Branch	Colombia	51,00 0,00	Construction and public works	Sep-16	-
Through Mota-Engil Colombia	(Bogotá)	51,00
Consórcio MEC-Av.Malecon-UF1 ("Consórcio MEC-Av.Malecon-UF1") Through Mota-Engil Engenharia e Construção - Colombia Branch	Colombia	51,00 0,00	Construction and public works	May-16	-
Through Mota-Engil Colombia	(Buenaventura)	51,00
Consórcio MEC-Av.Malecon-UF2 ("Consórcio MEC-Av.Malecon-UF2") Through Mota–Engil Engenharia e Construção - Colombia Branch	Colombia	51,00 0,00	Construction and public works	Nov-16	-
Through Mota-Engil Colombia	(Bogotá)	51,00
Consórcio ME-Contrato Colegios ("Consórcio ME Colegios") Through Mota–Engil Engenharia e Construção - Colombia Branch	Colombia (Buenaventura)	100,00 75,00	Construction works	May-16	-
Through Mota- Engil Peru Consórcio Mota-Engil Ojeda & Iju Paracas ("Consórcio ME Ojeda & Iju")	Peru	25,00 100,00
Through Mota- Engil Peru	(Lima)	100,00	Real Estate development	Dec-11	-
Consórcio Porta ("Consórcio Porta") Through Mota- Engil Peru	Peru (Lima)	100,00 100,00	Real Estate development	Dec-11	-
Consórcio Túnel Guadalajara, SAPI de C.V. ("Consórcio GDL Túnel")	Mexico	21,88
Through Mota-Engil Mexico	(Mexico City)	21,88	Construction and public works	Jul-14	-
Constructora APP Tabasvera S.A. de C.V. ("Constructora APP Tabasvera") Through Mota-Engil Mexico	Mexico (Mexico City)	38,25 38,25	Construction and public works	Jul-16	-
Constructora Autopista Cardel-Poza Rica, S.A. de C.V. ("Constructora Cardel-Poza Rica")	Mexico	40,80	Construction and public works	-	Nov/17
Through Mota-Engil Mexico Desarrolladora Cuatro Caminos SAPI de C.V. ("Desarrolladora Cuatro Caminos")	(Mexico City) Mexico	40,80 49,99	Construction works	Jun-19	-
Through ME Inmobiliaria SAPI Desarrolladora Patzcuaro, SAPI de C.V. ("Desarrolladora Patzcuaro")	(Mexico City) Mexico	49,99 49,99
Through ME Inmobiliaria SAPI	(Mexico City)	49,99	Construction works	Aug-19	-
Desarrollos DOT Mexico, S.A. de C.V. ("Desarrollos DOT Mexico") Through Mota-Engil Mexico	Mexico (Mexico City)	43,35 43,35	Construction and public works	Apr-18	-
Empresa Construtora Brazil, S.A. ("Empresa Construtora Brazil")	Brazil	50,00	Construction and public works	Nov-12	-
Through MEBR Empresa Construtora de Honduras, S.A. ("Empresa Construtora Honduras")	(Belo Horizonte) Honduras	50,00 35,70
Through Mota-Engil Mexico	(Villanueva)	35,70	Construction and public works	Aug-18	Sep-18
Fideicomiso de Vivienda de Bajo Costo Mota Engil, S.R.L. ("Fideicomiso VBC") Through Mota-Engil Dominicana	Dominican Republic (Santo Domingo)	100,00 100,00	Construction, renovation and repair of residential buildings	Nov-15	-
Fideicomiso Fairmont Costa Canuva ("Costa Canuva")	Mexico	26,86	Real Estate and Tourism	Aug-19	-
Through Mota-Engil Turismo Flame Investments, B.V. ("Flame Investments")	(Mexico City) Netherlands	26,86 51,96
Through Mota-Engil Latin America BV	(Amesterdam)	51,96	Management of financial holdings	Mar-15	-
FSE Comercializadora Fenix, SAPI de C.V. ("FCE Comercializadora Fenix") Through Mota Engil America Latina SAPI	Mexico	28,88 0,00	Energy trading	Sep-16	-
Through ME Energia operacional	(Mexico City)	28,88
FSE Suministradora Fenix, SAPI de C.V. ("FSE Suministradora Fenix") Through Mota Engil America Latina SAPI	Mexico	28,88 0,00	Energy distribution	Aug-16	-
Through ME Energia operacional Generadora Fenix, SAPI de C.V. ("Generadora Fenix")	(Mexico City) Mexico	28,88 26,27
Through ME Energia operacional	(Mexico City)	26,27	Energy production	Sep-15	-
Geres Participações, S.A. ("Geres Participações") Through Tracevia Mexico	Brazil	54,93 28,58	Management of financial holdings	Dec-14	-
Through Suma	(Belo Horizonte)	26,35
Global Technical Services Latam BV ("GTS Latam BV") Through Mota-Engil Latin America BV	Netherlands (Amesterdam)	100,00 100,00	Management of financial holdings	Jul-16	-
Luso Energy del Peru S.A. ("Luso Energy del Peru")	Peru	100,00
Through Mota-Engil Peru Through Mota-Engil Engenharia e Construção	(Lima)	99,98 0,02	Other business activities	May-11	-
MEBR Construções, Consultoria e Participações, S.A. ("MEBR")	Brazil	100,00
Through Mota-Engil Latin America BV Through Mota-Engil Latam Peru	(São Paulo)	33,75 66,25	Construction and public works	Mar-11	-
Mineria y Engenharia Andina S.A. ("Mineria y Engenharia Andina") Through Mota-Engil Engenharia e Construção África	Peru	100,00 1,00	<	Feb-21	-
Through Mota-Engil Latam PT	(Lima)	99,00
Mota-Engil América Latina SAPI de C.V. ("Mota-Engil América Latina") Through Mota-Engil SGPS	Mexico	100,00 0,02	Management of financial holdings	Nov-13	May-14
Through Mota-Engil Latin America BV	(Mexico City)	99,98
Mota-Engil Argentina, SAU ("Mota-Engil Argentina") Through Mota-Engil Latin America BV	Argentina (Buenos Aires)	100,00 100,00	Construction and public works	Apr-18	-
Mota-Engil Aruba Construction Company VBA ("Mota-Engil Aruba Construction") Through Mota-Engil Aruba Holding	Aruba	100,00	Construction and public works	Jan-12	Apr-16
Mota-Engil Aruba Holding Company VBA ("Mota-Engil Aruba Holding")	(Oranjestad) Aruba	100,00 100,00	Management of financial holdings	Dec-15	-
Through Mota-Engil Latin America BV Mota-Engil Chile S.A. ("Mota-Engil Chile")	(Oranjestad)	100,00 100,00			-
Through Mota- Engil Latam Portugal	Chile (Santiago)	99,00	Construction and public works	Feb-13
Through Mota- Engil Engenharia e Construção Mota-Engil Colombia, S.A.S. ("Mota-Engil Colombia")	Colombia	1,00 100,00
Through Mota-Engil Engenharia e Construção Through Mota-Engil Latam Peru	(Bogotá)	99,00 1,00	Construction and public works	Feb-11	-

Designation	Head Office	Effective holding percentage	Activity	Incorporation date Acquisition date
Mota-Engil Dominicana S.A.S. ("Mota-Engil Dominicana") Through Mota-Engil Latin America BV	Dominican Republic (Santo Domingo)	60,00 60,00	Construction and public works	Nov-14	-
Mota-Engil Energia, S.A. de C.V. ("ME Energia operacional") Through Mota-Engil Energy Holding Through Mota-Engil América Latina SAPI de CV	Mexico (Mexico City)	28,87 28,87 0,00	Development and operationalization of energy production	Sep-15	-
Mota-Engil Energy Holding Mexico, SAPI de C.V. ("ME Energy Holding ") Through Mota-Engil Mexico Through Mota-Engil Energy BV	Netherlands (Amesterdam)	28,87 0,01 28,86	Management of financial holdings	Nov-15	-
Mota-Engil Energy B.V. ("Mota-Engil Energy BV") Through Flame Investments	Netherlands (Amesterdam)	28,86 28,86	Finance and consulting	Sep-15	-
Mota-Engil Honduras, S.A. ("Mota-Engil Honduras") Through Mota-Engil Mexico Through Mota-Engil Latin America BV	Honduras (Tegucigalpa)	51,20 50,80 0,40	Construction and provision of civil engineering and architecture services	Jun-18	-
Mota-Engil Inmobiliaria SAPI de C.V. ("ME Inmobiliaria SAPI") Through Mota-Engil Mexico	Mexico (Mexico City)	50,49 50,49	Real Estate development	Jul-18	-
Mota-Engil Latam Col, S.A.S. ("Mota-Engil Latam Col") Through Mota-Engil Colombia Through Mota-Engil Engenharia e Construção	Colombia (Bogotá)	100,00 99,00 1,00	Construction and public works	Feb-11	-
Mota-Engil Latam Colombia S.A.S. ("ME Latam Colombia SAS") Through Mota-Engil Engenharia e Construção Through Mota-Engil Latin America BV	Colombia (Bogotá)	100,00 49,00 51,00	Construction and public works	Dec-16	-
Mota-Engil Latam Peru, S.A. ("Mota-Engil Latam Peru") Through Mota-Engil Latin America BV Through Mota-Engil Engenharia e Construção	Peru (Lima)	100,00 99,90 0,10	Management of financial holdings	Dec-15	-
Mota-Engil Latam Portugal, S.A. ("Mota-Engil Latam Portugal") Through Mota-Engil SGPS	Portugal (Porto)	100,00 100,00	Management of financial holdings	Jul-15	-
Mota-Engil Latin America B.V. ("ME Latin America") Through Mota-Engil Latam Portugal	Netherlands (Amesterdam)	100,00 100,00	Management of financial holdings	Nov-15	-
Mota-Engil Mexico, S.A. de C.V. ("Mota-Engil Mexico") Through Mota-Engil Latin America BV Through Mota-Engil América Latina SAPI Through Mota Internacional	Mexico (Mexico City)	51,00 19,18 31,82 0,00	Construction and public works	Jan-10	-
Mota-Engil O&M Mexico, SAPI de C.V. ("Mota-Engil O&M Mexico SAPI") Through Mota-Engil Mexico	Mexico (Mexico City)	51,00 51,00	Construction and public works	Sep-17	-
Mota-Engil Peru, S.A. ("Mota-Engil Peru") Through Mota-Engil Latin America BV Through Mota-Engil Engenharia e Construção	Peru (Lima)	100,00 99,90 0,10	Construction and public works	Sep-86	-
Mota-Engil Servicios Compartidos, S.A. de C.V. ("Mota-Engil Servicios Compartidos") Through Mota-Engil Mexico Through Mota-Engil América Latina SAPI	Mexico (Mexico City)	51,00 51,00 0,00	Administrative services	Sep-19	-
Mota-Engil Tourism, B.V. ("Mota-Engil Tourism BV") Through Mota-Engil Latin America BV Through Flame Investments	Netherlands (Amesterdam)	43,13 9,17 33,96	Management of financial holdings	Sep-15	-
Mota-Engil Turismo Holding, S.A.P.I. de C.V. ("Mota-Engil Turismo Holding") Through Mota-Engil Mexico Through Mota-Engil Tourism BV	Mexico (Mexico City)	43,13 0,01 43,13	Management of financial holdings	Jun-15	-
Mota-Engil Turismo, S.A. de C.V. ("Mota-Engil Turismo") Through Mota-Engil América Latina SAPI Through Mota-Engil Turismo Holding	Mexico (Mexico City)	43,13 0,00 43,13	Real Estate and Tourism	Feb-15	-
Operadora APP Coatzacoalcos Villahermosa SAPI de C.V. ("Operadora APP Coatzacoalcos Villahermosa") Through Mota-Engil Mexico Through Mota-Engil O&M México SAPI	Mexico (Mexico City)	51,00 0,01 50,99	Road construction and maintenance	Apr-17	-
Promotora Inmobiliaria Santa Clara, S.A. ("Santa Clara") Through Mota- Engil Peru	Peru (Lima)	100,00 100,00	Real Estate development	May-12	-
Puente Boca del Rio S.A. de C.V. ("Puente Boca del Rio") Through Mota-Engil Mexico Through Mota–Engil Engenharia e Construção	Mexico (Mexico City)	58,35 43,35 15,00	Construction and public works	May-16	-
Suma Brazil - Serviços Urbanos e Meio Ambiente, S.A. ("Suma Brazil") Through Geres Participações	Brazil (Belo Horizonte)	54,93 54,93	Waste treatment	-	Dec-14
Tarucani Generating Company, S.A. ("Tarucani") Through Luso Energy del Peru Through Mota- Engil Peru	Peru (Lima)	100,00 99,98 0,02	Electricity generation and distribution	Apr-00	-
Tracevia Mexico S.A. de C.V. ("Tracevia Mexico") Through Tracevia Brazil	Mexico (Mexico City)	50,00 50,00	Design, installation, development and maintenance of ITS	Jun-17	-
Tracevia S.A. ("Tracevia Brazil") Through MEBR	Brazil (São Paulo)	50,00 50,00	Design, installation, development and maintenance of ITS	Mar-11	-
Tuxpan - Tampico Construcciones, S.A. de C.V. ("Construtora Tuxpan Tampico") Through Mota-Engil Mexico Through Mota-Engil América Latina SAPI	Mexico (Mexico City)	51,00 50,99 0,01	Construction and public works	-	Nov/17

COMPANIES / ENTITIES INCLUDED IN THE CONSOLIDATION BY THE EQUITY METHOD

The companies / entities included in the attached consolidated financial statements by the equity method, their head offices and effective holding percentage as at June 30, 2021, were as follows:

Designation	Head Office	Effective holding percentage
Associated and jointly controlled companies
Parent Company of the Group and related activities
Haçor, Conc. Edifício do Hospital da Ilha Terceira, S.A. ("Haçor")	Portugal	40,00
HL - Sociedade Gestora do Edifício, S.A. ("HL - Sociedade Gestora do Edifício")	Portugal	50,00
Ibercargo Rail, S.A. ("Ibercargo")	Spain	50,00
Riscos e Diâmetros Angola, SGPS, S.A. ("Riscos e Diâmetros Angola")	Portugal	30,10
Sunviauto Internacional, SGPS, S.A. ("Sunviauto Internacional")	Portugal	29,99
Europe - Environment and Services
Ambilital – Investimentos Ambientais no Alentejo, EIM ("Ambilital")	Portugal	30,14
Citrup – Centro Integrado de Resíduos, Lda. ("Citrup")	Portugal	18,45
Ecolezíria - Empresa Intermunicipal para Tratamento de Resíduos Sólidos, EIM ("Ecolezíria")	Portugal	15,07
Africa
Automatriz, S.A. ("Automatriz")	Angola	25,50
Icer – Indústria de Cerâmica, Lda. ("Icer")	Angola	25,50
Mebisa - Minerais e Britagens, S.A. ("Mebisa")	Angola	15,30
SPRI - Sociedade Portuguesa de Realizações Industriais e Assistência Técnica, Lda. ("SPRI")	Angola	40,00
Twine, Lda. ("Twine")	Mozambique	50,00
Vista Power, Lda. ("Vista Power")	Angola	25,50
Latin America
APP Coatzacoalcos Villahermosa SAPI de C.V. ("APP Coatzacoalcos Villahermosa")	Mexico	19,38
APP Tamaulipas, SAPI de C.V. ("APP Tamaulipas")	Mexico	23,97
Ausur, S.A. ("Ausur")	Argentina	33,33
Autopista Urbana Siervo de la Nacion, SAPI de C.V. ("Autopista Siervo de la Nacion")	Mexico	17,49
Concessionária Autopista Cardel-Poza Rica S.A. de C.V. ("Concessionária Autopista Cardel")	Mexico	28,73
Concessionária Autopista Tuxpan-Tampico S.A. de C.V. ("Concessionária Autopista Tuxpan-Tampico")	Mexico	25,85
Concessionaria Urbana Arco Oriente S.A. de C.V. ("Concessionaria Urbana Arco Oriente")	Mexico	17,00
Consorcio ME Colombia ("Consorcio ME Colombia")	Colombia	38,06
Consorcio Mepax Limitada ("Consorcio Mepax")	Chile	49,90
Constructora Autopista Perote Xalapa, S.A. de C.V. ("Constructora Perote Xalapa")	Mexico	25,50
Constructora Gran Canal SAPI de C.V. ("Construtora Gran Canal")	Mexico	17,03
Constructora M&R, S.A. de C.V. ("Constructora M&R")	Mexico	10,20
Constructora Tampico Ciudad Victoria, SAPI de C.V. ("Constructora Tampico Ciudad Victoria")	Mexico	20,40
ECOSS Ambiental Serviços de Limpeza Urbana - SPE Ltda. ("ECOSS Ambiental")	Brazil	18,68
Fideicomiso el Capomo ("Fideicomiso el Capomo")	Mexico	43,13
Grupo Constructor y Desarrollador de Puebla, S.A. de C.V. ("Grupo Constructor y Desarrollador de Puebla")	Mexico	25,50
M&R de Occidente SAPI de C.V. ("Concessionária M&R")	Mexico	20,00
Operadora Maritima Matamoros SAPI de C.V. ("Operadora Marítima Matamoros")	Mexico	25,50
Operadora Tampico Ciudad Victoria, SAPI de C.V. ("Operadora Tampico Ciudad Victoria")	Mexico	24,23
Sistemas Electricos Metropolitanos ("Sistemas Electricos Metropolitanos")	Mexico	25,50
Trans Tamaulipas, S.A. de C.V. ("Trans Tamaulipas")	Mexico	17,00
Vias y Comunicaciones Cua SAPI de C.V. ("Vias y Comunicaciones Cua")	Mexico	50,49
Martifer Group	Portugal	37,50

The "Agrupamentos Complementares de Empresas" (ACE) included in the attached consolidated financial statements by the equity method and their effective holding percentage as at June 30, 2021, were as follows:

Jointly controlled entities - "Agrupamentos Complementares de Empresas"	Effective holding percentage
In activity
Ecotejo-Serviços Manut. Tejo Atlântico; ACE	50,00%
Haçor M - Manutenção do Edifício do Hospital da Ilha Terceira, ACE	45,00%
Manvia - Lena Ambiente, ACE	50,00%
ME Water - Manvia Efacec Exploração Técn. Sistemas, ACE	50,00%
In warranty period
Barragem de Foz Tua ACE	33,34%
DIEXP - Expropriações do Douro Interior, ACE	37,08%
EXPI - Expropriações do Pinhal Interior, ACE	37,08%
GACE - Gondomar ACE	24,00%
GCVC, ACE (Grupo Construtor de Vila do Conde)	42,86%
GLEX - Expropriações da Grande Lisboa, ACE	42,08%
Haçor Hospital da Terceira, ACE	43,25%
HL Construção, ACE	65,00%
LGC - Linha Gondomar, Construtores, ACE	30,00%
Mota-Engil/Acciona/Edivisa - Obras do Aproveitamento Hidroeléctrico de Alto Tâmega, ACE	42,50%
Mota-Engil, Soares da Costa, Monteadriano - Matosinhos, ACE	42,86%
Reforço de Potência da Barragem de Venda Nova III, ACE	28,33%
Somague, BPC, Mota-Engil, SPIE - Linha Vermelha do Metropolitano em ACE	23,68%
SOMAGUE/MOTA-ENGIL - COTA 500, ACE	36,42%
Via Rápida Câmara Lobos ECL, ACE	36,42%

JOINTLY CONTROLLED OPERATIONS – CONSORTIUMS

The consortiums included in the attached consolidated financial statements in the proportion of the assets, liabilities, expenses and income contractually attributable to the GROUP, respective head offices and effective holding percentage as at June 30, 21, were as follows:

Designation	Head Office	Effective holding percentage
Latin America
BEME VOF ("BEME VOF")	Netherlands	50,00
Through MEEC África - Netherlands Branch	(Dordrecht)	50,00
Consórcio Conservacion Vial Santa Rosa ("Consórcio Conservacion Vial Santa Rosa")	Peru	50,00
Through Mota- Engil Peru	(Lima)	50,00
Consórcio Constructor Del Puerto de San Martin ("CCPSM - Consorcio Constructor Del Puerto de San Martin")	Peru	33,30
Through Mota- Engil Peru	(Lima)	33,30
Consórcio Ibagué-Honda-Cambao-Manizales ("Consórcio Ibague")	Colombia	45,65
Through Mota–Engil Engenharia e Construção - Colombia Branch		39,65
Through Mota- Engil Colombia	(Bogotá)	6,00
Consórcio Inframe ("Consórcio Inframe")	Colombia	60,00
Through Mota–Engil Engenharia e Construção - Colombia Branch	(Medellín)	60,00
Consorcio Línea Panama Norte ("Consórcio Linea Panamá Norte")	Panamá	50,00
Through Mota–Engil Engenharia e Construção	(Panamá City)	50,00
Consórcio Mota-Engil Dominicana SAS/IEMCA ("Consórcio Mota-Engil Dominicana")	Dominican Rep.	42,00
Through Mota-Engil Dominicana	(Santo Domingo)	42,00
Consórcio Mota-Engil Peru HL Paita ("Consórcio Mota-Engil Peru HL Paita")	Peru	50,00
Through Mota- Engil Peru	(Lima)	50,00
Consórcio Mota-Engil TR ("Consórcio Mota-Engil TR")	Peru	50,00
Through Mota- Engil Peru	(Lima)	50,00
Consórcio Puentes de Loreto ("Consórcio Puentes Loreto")	Peru	34,00
Through Mota–Engil Engenharia e Construção - Peru Branch	(Lima)	20,00
Through Mota- Engil Peru		14,00
Consórcio Vial Acobamba ("Consórcio Vial Acobamba")	Peru	50,00
Through Mota- Engil Peru	(Lima)	50,00
Consórcio Vial el Descanso-Langui ("Consórcio Vial el Descanso-Langui")	Peru	50,00
Through Mota- Engil Peru	(Lima)	50,00
Consórcio Vial Jaylli ("Consórcio Vial Jaylli")	Peru	42,00
Through Mota- Engil Peru	(Lima)	42,00
Consórcio Vial Sur del Peru ("Consórcio Vial Sur del Peru")	Peru	50,00
Through Mota- Engil Peru	(Lima)	50,00
Consórcio Vial Tambillo ("Consórcio Vial Tambillo")	Peru	50,00
Through Mota- Engil Peru	(Lima)	50,00
Consórcio Vial Valle Sagrado ("Consórcio Vial Valle Sagrado")	Peru	50,00
Through Mota- Engil Peru	(Lima)	50,00
Consórcio Vial Vizcachane ("Consórcio Vial Vizcachane")	Peru	50,00
Through Mota- Engil Peru	(Lima)	50,00
Stracon Translei Joint Venture ("Stracon Translei")	Peru	50,00
Through Mota- Engil Peru	(Lima) Peru	50,00
Translei Consórcio Cosapi ("Translei Consórcio Cosapi") Through Mota- Engil Peru	(Lima)	50,00 50,00
Translei Consórcio Cusco-Quillabanba ("Translei Consórcio Cusco-Quillabanba")	Peru	50,00
Through Mota- Engil Peru	(Lima)	50,00

DECLARATION UNDER THE TERMS OF ARTICLE 246, NO. 1, CAPTION C), OF CVM (SECURITIES CODE)

Under the terms of article 246, no. 1, caption c) of the Securities Code, the members of the Board of Directors declare that, to the best of their knowledge, the information contained in this report and accounts has been prepared according to the International Financial Reporting Standards (IFRS) as adopted by the European Union, providing a true and appropriate image of the assets and liabilities, of the financial situation and of the results of MOTA-ENGIL, SGPS, S.A. and the companies included in its consolidation perimeter, and that the management report faithfully expresses the evolution of the business, the performance and the position of MOTA-ENGIL, SGPS, S.A. and the companies included in its consolidation perimeter, and contains a description of the main risks and uncertainties with which they are challenged.

Porto, September 1, 2021

António Manuel Queirós Vasconcelos da Mota Chairman of the Board of Directors

Wang Jingchun Deputy-chairman of the Board of Directors

Gonçalo Nuno Gomes de Andrade Moura Martins Member of the Board of Directors and President of the Executive Committee (Chief Executive Officer)

Carlos António Vasconcelos Mota dos Santos Member of the Board of Directors and Deputy-chairman of the Executive Committee

Wang Xiangrong Member of the Board of Directors and Member of the Executive Committee (Chief Financial Officer)

Manuel António da Fonseca Vasconcelos da Mota Member of the Board of Directors and Member of the Executive Committee

Xiao Di Member of the Board of Directors and Member of the Executive Committee

Maria Paula Queirós Vasconcelos Mota de Meireles Member of the Board of Directors

Ping Ping Member of the Board of Directors

Tian Feng Member of the Board of Directors

Ana Paula Chaves e Sá Ribeiro Independent member of the Board of Directors Francisco Manuel Seixas da Costa Independent member of the Board of Directors

Helena Sofia da Silva Borges Salgado Fonseca Cerveira Pinto Independent member of the Board of Directors

Isabel Maria Pereira Aníbal Vaz Independent member of the Board of Directors

INFORMATION REGARDING TRANSACTIONS OVER OWN SHARES, UNDER THE TERMS OF ARTICLE 66 NO. 5 CAPTION D) OF THE COMMERCIAL COMPANIES CODE

Under the terms defined in caption d) of no. 5 of article 66º of the Commercial Companies Code, we hereby declare that, during the first half of 2021, MOTA-ENGIL, SGPS, S.A. did not proceed with any transaction over own shares. Therefore, as at June 30, 2021, MOTA-ENGIL, SGPS, S.A. hold 6,091,581 own shares representing 1.99% of its share capital.

QUALIFIED HOLDINGS

In compliance with the provisions of Article 2, no. 4 of CMVM Regulation no. 5/2008, republished by the CMVM Regulation no. 7/2018, we hereby disclose the list as at June 30, 2021 of the persons with qualified holdings, with the indication of the number of shares held and the corresponding percentage of voting rights, computed under the terms of Article 20 of the Securities Code:

Shareholders	No. of Shares	% of shares held	% of voting rights
Mota Gestão e Participações, SGPS, SA (*)	117,827,648	38.41%	39.19%
Maria Paula Queirós Vasconcelos Mota de Meireles () / (*)	1,658,675	0.54%	0.55%
António Manuel Queirós Vasconcelos da Mota () / (*)	1,013,755	0.33%	0.34%
Maria Teresa Queirós Vasconcelos Mota Neves da Costa (***)	856,300	0.28%	0.28%
Maria Manuela Queirós Vasconcelos Mota dos Santos (***)	829,530	0.27%	0.28%
Maria Sílvia Fonseca Vasconcelos Mota (***)	187,061	0.06%	0.06%
Manuel António da Fonseca Vasconcelos da Mota (**)	140,000	0.05%	0.05%
Carlos António Vasconcelos Mota dos Santos () / (*)	100,000	0.03%	0.03%
José Manuel Mota Neves da Costa (***)	35,000	0.01%	0.01%
José Pedro Matos Marques Sampaio de Freitas (***)	20,138	0.01%	0.01%
Attributable to FM – Sociedade de Controlo, SGPS, SA	122,668,107	39.99%	40.80%
Epoch Capital Investments BV (*)	99,426,974	32.41%	33.07%
Attributable to People's Republic of China State	99,426,974	32.41%	33.07%
Ghotic Corp Mutima Capital (*)	3,604,893	1.18%	1.20%
Ghotic HSP Corp Mutima Capital (*)	1,399,289	0.46%	0.47%
Ghotic JBD LLC Mutima Capital (*)	1,312,787	0.43%	0.44%
Gothic ERP LLC Mutima (*)	925,700	0.30%	0.31%
The Mutima Africa Fund LP (*)	180,640	0.06%	0.06%
Attributable to Mutima Capital Management, LLC	7,423,309	2.42%	2.47%
Own shares	6,091,581	1.99%	-
Freefloat	71,165,979	23.20%	23.67%
TOTAL	306,775,950	100.00%	100.00%

(*) Direct Shareholder of the COMPANY

(**) Member of the Board of Directors of the COMPANY

(***) Member of the Board of Directors of MOTA GESTÃO E PARTICIPAÇÕES, SGPS, SA

INFORMATION REGARDING TRANSACTIONS PERFORMED BY PERSONS WITH MANAGERIAL RESPONSIBILITIES

Disclosure of shares and other securities held by members of the Board of Directors and by persons with managerial responsibilities, as well as, people closely related to them, under the terms of article 248-B of the Securities Code, and disclosure of the transactions performed during the first half of the year.

		Holding shares of
		MOTA-ENGIL, SGPS, SA						MGP, SGPS, SA FM, SGPS, SA
Directors	Date				Inside / Outside
		Qt.	Price	Buy / Sell	market	%	Qt.	%	Qt.	%
Maria Paula Queirós Vasconcelos Mota de Meireles
Opening balance		4,494,211				1.89%	0			0.0% 17,902 21.51%
		-10,000		Donation	Outside market
	10 May 2021	-2,825,536 3.080		Sell	Outside market
Closing balance		1,658,675				0.54%	0			0.0% 17,902 21.51%
António Manuel Queirós Vasconcelos da Mota
Opening balance		4,210,020				1.77%	0			0.0% 28,701 34.48%
	10 May 2021	-3,196,265 3.080		Sell	Outside market
Closing balance		1,013,755				0.33%	0			0.0% 28,701 34.48%
Maria Teresa Queirós Vasconcelos Mota Neves da Costa
Opening balance		3,676,836				1.55%	0			0.0% 17,902 21.51%
	10 May 2021	-2,820,536 3.080		Sell	Outside market
Closing balance		856,300				0.28%	0			0.0% 17,902 21.51%
Maria Manuela Queirós Vasconcelos Mota dos Santos
Opening balance		3,275,066				1.38%	0			0.0% 17,902 21.51%
	10 May 2021	-2,445,536 3.080		Sell	Outside market
Closing balance		829,530				0.27%	0			0.0% 17,902 21.51%
Maria Sílvia Fonseca Vasconcelos Mota
Opening balance		437,061				0.18%
	10 May 2021	-250,000 3.080		Sell	Outside market
Closing balance Manuel António da Fonseca Vasconcelos da Mota		187,061				0.06%
Opening balance		440,000				0.19%
	10 May 2021	-300,000 3.080		Sell	Outside market
Closing balance		140,000				0.05%
Carlos António Vasconcelos Mota dos Santos
Opening balance		480,000				0.20%
	10 May 2021	-380,000 3.080		Sell	Outside market
Closing balance		100,000				0.03%
José Manuel Mota Neves da Costa
Opening balance		40,000				0.02%
	10 May 2021		-5,000 3.080	Sell	Outside market
Closing balance		35,000				0.01%
José Pedro Matos Marques Sampaio de Freitas
Opening balance		20,138				0.01%
Closing balance		20,138				0.01%
Luís Filipe Cardoso da Silva (*)
Opening balance		12,500				0.01%
	27 May 2021		5,401 1.500	Buy	Market
Closing balance		17,901				0.01%
Gonçalo Nuno Gomes de Andrade Moura Martins
Opening balance		12,435				0.01%
	27 May 2021		5,373 1.500	Buy	Market
Closing balance		17,808				0.01%
Emídio José Bebiano e Moura da Costa Pinheiro (*)
Opening balance		10,000				0.00%
	27 May 2021		4,321 1.500	Buy	Market
Closing balance		14,321				0.00%
António Cândido Lopes Natário
Opening balance		10,000				0.00%
Closing balance		10,000				0.00%
Rui Jorge Teixeira de Carvalho Pedroto
Opening balance		2,000				0.00%
Closing balance		2,000				0.00%
Ismael Antunes Hernandez Gaspar (*)
Opening balance		1,000				0.00%
Closing balance		1,000				0.00%

(*) As at June 30, 2021 (including) is no longer a member of the COMPANY'S Board of Directors

		Holding shares of
Directors	Date	MOTA-ENGIL, SGPS, SA				MGP, SGPS, SA		FM, SGPS, SA
		Qt.	Price	Buy / Sell	Inside / Outside market	%	Qt.	%	Qt.	%
António Lago Cerqueira, S.A.
Opening balance		3,091,577				1.30%
	10 May 2021	-3,091,577 3.080		Sell	Outside market
Closing balance		0				0.00%
F.M. - Sociedade de Controlo, SGPS, SA
Opening / closing balance							6,337,640 100.0%
Mota Gestão e Participações, SGPS, SA
Opening balance		134,147,973				56.48%
	10 May 2021	16,078,590 3.080		Buy	Outside market
	10 May 2021	-55,000,000 3.080		Sell	Outside market
	27 May 2021	22,601,085 1.500		Buy	Market
Closing balance		117,827,648				38.41%
Epoch Capital Investments BV
Opening balance		0				0.00%
	10 May 2021	55,000,000 3.080		Buy	Outside market
	27 May 2021	44,426,974 1.500		Buy	Market
Closing balance		99,426,974				32.41%

As at June 30, 2021, were attributable to FM – SOCIEDADE DE CONTROLO, SGPS, S.A. 122,668,107 shares corresponding to 39.99% of the share capital of MOTA-ENGIL, SGPS, S.A. which confer 40.80% of the voting rights.

The bonds held by the members of the Board of Directors, by the persons discharging managerial responsibilities and by the members of the supervisory bodies of the COMPANY as at June 30, 2021 were as follows:

Name	No. of Bonds	Bonds ME 2018/2022 (NV - 500€)	Bonds ME 2019/2024 (NV - 500€)
António Manuel Queirós Vasconcelos da Mota	376	376	-
José Pedro Matos Marques Sampaio de Freitas	359	340	19
José Manuel Mota Neves da Costa	340	200	140
Carlos António Vasconcelos Mota dos Santos	298	224	74
Maria Manuela Queirós Vasconcelos Mota dos Santos	250	140	110
Manuel António da Fonseca Vasconcelos da Mota	46	46	-
Maria Paula Queirós Vasconcelos Mota de Meireles	40	40	-
Ana Paula Chaves e Sá Ribeiro	40	40	-
Gonçalo Nuno Gomes de Andrade Moura Martins	19	-	19
Maria Teresa Queirós Vasconcelos Mota Neves da Costa	12	-	12
António Cândido Lopes Natário	4	4	-

NV: nominal value

Europe

Portugal Spain United Kingdom Poland Ireland

Africa

Angola Mozambique Malawi South Africa Zimbabwe Uganda Rwanda

Relatório & Contas Consolidado Intercalar 2021

Guinea- Conakry Cameroon Côte d'Ivoire Kenya Ghana Nigeria Mali

Latin America

Mexico Peru Brazil Colombia Dominican Republic Panama

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