Novabase SGPS

Share Issue/Capital Change • Nov 13, 2019

Relevant Information

Conclusion of share capital reduction and increase and payment of released amounts

Lisbon, 13th of November 2019

Following the information disclosed to the market on 25 October 2019, Novabase – Sociedade Gestora de Participações Sociais, S.A. ("Novabase") hereby informs that, on 26 November 2019, the following operations will be executed with the Portuguese Securities Clearing House (Central de Valores Mobiliários):

A) Share capital reduction and increase, as approved at the Extraordinary General Meeting of Shareholders held on 26 September 2019 and pursuant to the terms and conditions disclosed to the market.

As a result of these transactions, the nominal value of all shares representing Novabase's share capital is of €1.74.

B) Payment of the amounts released as a result of the share capital reduction, in the following value per share:

Gross amount: € 0.14.

It is further informed that, as from 22 November 2019 (inclusive), the shares representing the share capital of Novabase will be traded in the market with the new nominal value per share (i.e. €1.74) and without conferring the right to the aforementioned payment.

The abovementioned transactions will be executed in accordance with the regulations of the Portuguese Securities Clearing House (Central de Valores Mobiliários) that are in force.