Novabase SGPS

Notice of Dividend Amount • Feb 20, 2020

Relevant Information

Remuneration to shareholders of 85 euro cents per share

Lisbon, 20 February 2020

Novabase – Sociedade Gestora de Participações Sociais, S.A. ("Novabase") hereby informs the intention of the Board of Directors to propose, at the 2020 Annual General Meeting of Shareholders on 12 May, the reduction of the share capital of Novabase, in the amount of approximately 26.7 Million Euros, with the payment to the shareholders of the amounts released as a result of the share capital reduction. This payment will represent a remuneration of 85 euro cents per share.

With this distribution, the commitment assumed before the shareholders on 25 July 2019 in the context of the disclosure of the strategic update, of distributing a total of 1.5 € per share during the period of 2019-2023, is fulfilled.

The implementation of the capital reduction proposal and the shareholder remuneration resulting therefrom will be subject to market conditions, a financial and accounting status at Novabase allowing its execution, approval at the appropriate corporate board meetings and/or the General Meeting of Shareholders and applicable legal and regulatory terms and conditions, together with other factors deemed relevant by the Board of Directors from time to time.