CTT-Correios de Portugal

Board/Management Information • May 13, 2019

CTT – Correios de Portugal, S.A. Public Company Avenida D. João II. 13 1999-001 LISBON Lisbon commercialregistry and fiscal no. 500 077 568 Share Capital EUR 75,000,000.00

Announcement - Lisbon, 13 May 2019

Material information - Appointment of Chief Executive Officer (CEO)

CTT – Correios de Portugal, S.A. ("CTT" or" Company") hereby informsthat, following the resignation of the Vice-Chairman of the Board of Directors and CEO of the Company, announced on 10 May, and based on a proposal of the Corporate Governance, Evaluation and Nominating Committee, today the Board of Directors decided as follows:

· The appointment as Chief Executive Officer (CEO), to complete the current term of office (2017-2019), of the Member of the Board of Directors Professor João Afonso Ramalho Sopas Pereira Bento, who will cease all his current functions at Grupo Manuel Champalimaud, with effect as of 22 May 2019. The four remaining members of the Executive Committee shall remain in office.

This appointment, given the profile, experience and knowledge of the Company of the designated CEO, as well as the continuation of the other four members of theexecutive teamin office, allows for a solid and timely transition of the executive team leadership.

This information to the market and the general public is made under the terms and for the purposes of article 248-A of the Portuguese Securities Code and other legislation in force. It is also available on CTT's Investor Relations website at: http://www.ctt.pt/ctt-e-investidores/relacoes-cominvestidores/comunicados.html?com.dotmarketing.htmlpage.language=1.

CTT - Correios de Portugal, S.A.

Guy Pacheco Market Relations Representative of CTT

Peter Tsvetkov Director of Investor Relations of CTT

Contacts: Email:investors@ctt.pt Fax: + 351 210 471 996 Phone: + 351 210 471 087