CTT-Correios de Portugal

Capital/Financing Update • Mar 7, 2023

CTT – Correios de Portugal, S.A. Av. dos Combatentes, 43 – 14th Floor 1643-001 LISBOA Lisbon commercial registry and fiscal no. 500 077 568 Share Capital EUR 72,675,000.00

Announcement – Lisbon, 7 March 2023

Material information

CTT - Correios de Portugal, S.A. ("CTT" or "Company") hereby informs that it has contracted 35 million euros in bank financing in the form of commercial paper, indexed to sustainability goals, maturing in 2026, with two financial institutions - Novo Banco, S.A. and Banco Bilbao Vizcaya Argentaria S.A. - Portuguese Branch.

These bank loans are set within CTT's Sustainability Related Financing Reference Framework that was the subject of a Second Party Opinion disclosed by S&P Global Ratings (both available on CTT website, at https://www.ctt.pt/grupo-ctt/sustentabilidade/financiamento-sustentavel?language_id=1). Therefore, the referred financing lines are indexed to the goal of reducing carbon emissions of CTT's activity (scopes 1, 2 and 3 emissions) by at least 30% by 2025 in relation to 2013, which is validated by the Science Based Targets initiative and aligned with the best practices of the sector (see https://sciencebasedtargets.org/companies-taking-action#dashboard).

This commitment is in line with the longer-term goals of reducing carbon emissions from CTT's activity for 2025-2030, which aim to achieve a net-zero carbon balance by 2030, with 50% "green" vehicles in the last mile by 2025 and 100% by 2030.

With these operations, CTT consolidates the link between its financing cost and its performance in terms of sustainability, reinforcing and demonstrating its strategic relevance and the commitment to achieve ambitious leadership goals regarding ESG (Environment, Social and Governance) indicators.

This information to the market and the general public is made under the terms and for the purposes of article 29-Q of the Portuguese Securities Code and other legislation in force in Portugal. It is also available on CTT website at:

https://www.ctt.pt/grupo-ctt/investidores/comunicados/index?language_id=1.

CTT – Correios de Portugal, S.A.

Guy Pacheco Market Relations Representative of CTT Nuno Vieira Head of Investor Relations of CTT Contacts: Email: investors@ctt.pt I Fax: + 351 210 471 996 I Phone: + 351 210 471 087