Corticeira Amorim

Notice of Dividend Amount • Jun 4, 2020

Corticeira Amorim

• General Shareholders' Meeting called for June 26
• Board of Directors maintains proposed dividend of €0.185 per share
• Board of Directors will not propose an extraordinary dividend in December (as it has been done since 2012)

Considering the consequences of the pandemic and the inherent worsening of the economic and social context, in Portugal and across the world, and in view of the high degree of uncertainty regarding the resumption of normal economic activity, the Board of Directors of Corticeira Amorim met, considered and decided to maintain the proposal for the appropriation of profits that it approved on March 23, 2020, which was included in the Management Report for the 2019 financial year, to be presented to the General Shareholders' Meeting

Corticeira Amorim is acting with responsibility in the current period, in line with the deliberately conservative management of the balance sheet that it practices and taking into account the increased prudence that the adverse context requires.

Thus, based on Corticeira Amorim's financial strength and adequate capital structure, the Board of Directors proposes:

• to maintain its proposal to distribute a dividend of €0.185 per share; and
• not to propose, in the current year, the attribution of an extraordinary dividend in December (as it has been done since 2012).

Mozelos, Portugal, June 4, 2020

Corticeira Amorim, SGPS, S.A. Edifício Amorim I Rua de Meladas, 380 4536-902 Mozelos, Portugal

Representante para as Relações com o Mercado | IRO: Ana Negrais de Matos, CFA T: + 351227475423 F: + 351 227475407 ana.matos@amorim.com

Sociedade Aberta Capital Social: € 133 000 000,00 Pessoa Coletiva e Matrícula: PT500077797 C.R.C. de Santa Maria da Feira – Portugal

www.corticeiraamorim.com

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