Corticeira Amorim

AGM Information • Jun 26, 2020

Corticeira Amorim

Decisions of the Annual General Meeting

Composition of the governing bodies for the 2020/2022 triennium

Mozelos, Portugal, 26 June 2020 - CORTICEIRA AMORIM, S.G.PS., S.A., hereby informs you of:

1. Decisions of the Annual General Meeting held on 26 June 2020:

Sections 1 and 2. The financial statements for the financial year 2019, on an individual and consolidated basis, were approved by a majority.

Section 3. The corporate governance report for the financial year 2019 was approved by a majority.

Section 4. The non-financial information - sustainability report for the financial year 2019 was approved by a majority.

Section 5. The proposed appropriation of net profits of EUR 45,141,744.16 (forty-five million, one hundred and fortyone thousand, seven hundred and forty-four euros and sixteen cents) calculated according to the corporate accounts, was approved by a majority.

1) to the Legal Reserve: EUR 2,128,593.00 (two million, one hundred and twenty-eight thousand, five hundred and ninety-three euros).

2) to dividends: EUR 24,605,000.00 (twenty-four million, six hundred and five thousand euros), which corresponds to EUR 0.185 (eighteen and a half cents) per share.

3) to Free Reserves: EUR 18,408,151.16 (eighteen million, four hundred and eight thousand, one hundred and fiftyone euros and sixteen cents).

Section 6. A vote of confidence in the Board of Directors, the Supervisory Board, the Statutory Auditor and each of their members was approved by a majority.

AMORIM

Section 7. The proposal regarding the election of the governing bodies for the 2020/2022 triennium was approved by a majority. These are now comprised as follows:

BOARD OF THE GENERAL MEETING

	Chairman:	Paulo de Tarso da Cruz Domingues
	Secretary:	Rui Paulo Cardinal Carvalho
	BOARD OF DIRECTORS
	Chairman:	António Rios de Amorim
	Vice-Chairman:	Nuno Filipe Vilela Barroca de Oliveira
	Board Member:	Fernando José de Araújo dos Santos Almeida
	Board Member:	Cristina Rios de Amorim Baptista
	Board Member:	Luísa Alexandra Ramos Amorim
	Board Member:	Juan Ginesta Viñas
	SUPERVISORY BOARD
	Chairman:	Manuel Carvalho Fernandes
	Board Member:	Eugénio Luís Lopes Franco Ferreira
	Board Member:	Marta Parreira Coelho Pinto Ribeiro
	Alternate Member:	Cristina Galhardo Vilão
REMUNERATION COMMITTEE
	Chairman:	José Manuel Ferreira Rios
	Board Member:	Jorge Alberto Guedes Peixoto
	Board Member:	Abdul Rehman Omarmiã Mangá
	STATUTORY AUDITOR
	Incumbent:	ERNST & YOUNG AUDIT & ASSOCIADOS - SROC, S.A., represented by Rui Manuel da Cunha Vieira
	Alternate:	Pedro Jorge Pinto Monteiro da Silva e Paiva

Section 8. The proposal for the purchase of treasury stock under the terms of article 319 of the Portuguese Companies Code was approved by a majority.

Section 9. The proposal regarding the sale of treasury stock under the terms of article 320 of the Portuguese Companies Code was approved by a majority.

Section 10. The report by the Remuneration Committee and the Board of Directors on the remuneration policy for members of the governing bodies and other senior executives and officers, respectively, was approved by a majority.

AMORIM

2. Appointment, at the Board of Directors' meetings, held on 26 June 2020, for the 2020-2022 term of office of:

COMPANY SECRETARY
Incumbent:	Pedro Jorge Ferreira Magalhães
Alternate:	Pedro Nuno Esteves Duarte
EXECUTIVE COMMITTEE
Chairman:	António Rios de Amorim
Board Member:	Nuno Filipe Vilela Barroca de Oliveira
Board Member:	Fernando José de Araújo dos Santos Almeida