NOS SGPS

AGM Information • Apr 21, 2021

NOS, SGPS, S.A.

Public Company Registered Office: Rua Actor António Silva 9 - Campo Grande 1600-404 Lisbon Share Capital: 5,151,613.80 Euros Registered in the Commercial Registry Office of Lisbon and Corporation no. 504 453 513

ANNUAL GENERAL SHAREHOLDERS MEETING

Lisbon, 21 April 2021 - The Annual General Shareholders' Meeting of NOS, SGPS, S.A. ("NOS" or "Company") was held this afternoon, by use of telematic means.

The proposals concerning the items of the agenda were decided as follows:

• Approval of the Company's management report, balance sheet and accounts, individual and consolidated, and the corporate governance report and the consolidated nonfinancial report, for the 2020 financial year;
• Approval of the application and distribution of profits relating to the 2020 net income, in the following terms:
• Payment as dividends of 0.278 Euros per share (regarding the aggregate number of issued shares), in the amount of 143,214,863.64 Euros and any amount not paid out on the first day of the payment period mentioned above, and which pertain to the Company's own shares, will be transferred back to free reserves;
• Payment to the Directors, as per the profit sharing policy outlined in Article 14(3) of the Company's Articles of Association, of an amount of 1,245,958.00 Euros.
• Approval of a vote of praise to the members of the Board of Directors and its Executive Committee, the Fiscal Board, and the Statutory Auditor, under the terms of Article 455(1)(2) of Portuguese Companies Code;

• Approval of the remuneration policy for members of the Company's management and supervisory bodies, as presented by the Remuneration Committee, under the terms of Article 26-B of the Securities Code, adopter by Law no. 50/2020 of 25 August;

• Approval of the acquisition and disposal of own shares by the Company and subsidiaries; $\mathbf{L}^{\mathcal{A}}$

• Approval of the acquisition and disposal of own bonds by the Company and subsidiaries;
• Ratification of the co-optation of Daniel Lopes Beato e Filipa de Sousa Taveira da Gama $\sim$ $-$ Santos Carvalho, as executive members of the Board of Directors, for the current term of office (2019/2021).

This information is also available on NOS' Investor Relations website in www.nos.pt/ir.

Lisbon, 21 April 2021

Contacts

Maria João Carrapato Head of Investor Relations & Sustainability Email: ir@nos.pt Tel.: +351 21 782 4725 Fax: +351 21 782 4735