Novabase SGPS

Board/Management Information • Apr 27, 2022

Resignation of Member of the Board of Directors

Lisbon, 27 April 2022

Under the terms and for the purposes of paragraph a) of article 3 of the CMVM Regulation no. 5/2008 (as amended from time to time), Novabase - Sociedade Gestora de Participações Sociais, S.A. ("Novabase") hereby informs that, on this date, by letter sent to the Chairman of the Board of Directors of Novabase, resignation was tendered by José Sancho García to the respective office of Member of the Board of Directors of Novabase.

The director José Sancho Garcia was elected as Member of the Board of Directors in the context of the discussion of the proposal of Item 4 of the Agenda presented by shareholder HNB - S.G.P.S., S.A. ("HNB") at the Annual General Meeting of Shareholders held on 25 May 2021, and following the vote against by the shareholder IBI - Information Business Integration, A.G. ("IBI"), holder of more than 10% of the Company's share capital, which resulted, under the terms and for the purposes of paragraphs 6, 7 and 8 of article 392 of the Portuguese Companies Code, in the substitution of the last member of the list of candidates to the Board of Directors proposed by the shareholder HNB - Francisco Morais Antunes - by José Sancho García, a member in that context proposed by the shareholder IBI, whose election was duly approved under the terms of the legal provisions referred to above.

The resignation presented shall take effect under the terms of the law, i.e. at the end of May, unless in the meantime a substitute is appointed or elected.

Novabase further informs that, following the presentation of the referred resignation, it has been notified by the shareholder IBI of the intention to submit a proposal to Novabase's Annual General Meeting of 2022 for the election of a new member of the Board of Directors of the Company for the remaining three-year period 2021-2023.