Sonae SGPS

Board/Management Information • Feb 27, 2019

Maia, 27th February 2019

(Translation from the Portuguese original)

Sonae hereby informs the market and the general public that Efanor Investimentos, SGPS, SA, has requested today the disclosure of the following announcement:

"Efanor Investimentos, SGPS, SA, as a qualified shareholder, informs Sonae SGPS, SA of its intention to propose in the upcoming electoral Shareholders General Meeting of April 2019 the following members to be appointed to the Board of Directors for the 2019/2022 mandate:

• Duarte Paulo Teixeira de Azevedo
• Ângelo Gabriel Ribeirinho dos Santos Paupério
• José Manuel Neves Adelino
• Margaret Lorraine Trainer
• Marcelo Faria de Lima
• Carlos António Rocha Moreira da Silva
• Fuencisla Clemares
• Philippe Cyriel Elodie Haspeslagh
• Maria Cláudia Teixeira de Azevedo
• João Pedro Magalhães da Silva Torres Dolores."

On behalf of the Board of Directors,

Head Office Lugar do Espido, Via Norte, Maia Share Capital: €2.000.000.000,00 Maia Commercial Registry and Fiscal Number 500273170 Sociedade Aberta

For further information, please contact the Investor Relations Department at Sonae:

PATRÍCIA VIEIRA PINTO Head of Investor Relations / Sonae T. +351 220 104 724 // E. pavpinto@sonae.pt

www.sonae.pt