CTT-Correios de Portugal

Capital/Financing Update • Jun 1, 2022

CTT – Correios de Portugal, S.A. Avenida D. João II, 13 1999-001 LISBON Lisbon commercial registry and fiscal no. 500 077 568 Share Capital EUR 75,000,000.00

Announcement – Lisbon, 1 June 2022

Material information

CTT – Correios de Portugal, S.A. ("CTT" or "Company") hereby informs that on this date Banco CTT S.A. ("Banco CTT") has successfully closed the credit securitization operation named Ulisses Finance no. 3, carried out through its subsidiary 321 Crédito – Instituição Financeira de Crédito, S.A., as announced to the market on 17 May.

Aimed at funding the growth of Banco CTT's activity while optimizing its capital base and diversifying its liquidity sources, the securitization of 200 million euros of auto loans allows for the reduction of risk-weighted assets and had an average spread across collateralized tranches of 1.62% over Euribor 1 month. The senior class was rated at AA (DBRS) and Aa2 (Moody's). Notwithstanding a volatile market environment, the securitization was entirely placed with institutional investors.

This issuance highlights the ability of CTT and Banco CTT, even in a more volatile market environment, to explore balance sheet opportunities to support its business growth.

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