NOS SGPS

AGM Information • May 10, 2018

NOS, SGPS, S.A.

Public Company Registered Office: Rua Actor António Silva 9 - Campo Grande 1600-404 Lisbon Share Capital: 5,151,613.80 Euros Registered in the Commercial Registry Office of Lisbon and Corporation no. 504 453 513

ANNUAL GENERAL SHAREHOLDERS MEETING

Lisbon, 10 May 2018 - The Annual General Shareholders' Meeting of NOS, SGPS, S.A. ("NOS" or "Company") was held this afternoon.

The proposals on the agenda were approved as follows:

• Approval of the management report, balance sheet and accounts, individual and consolidated, corporate governance report and non-financial statements for the financial year 2017;
• Approval of the application and distribution of net income for 2017, as follows:
• o Payment of 0.30 Euros per share (regarding the aggregate number of issued shares), as a result of payment to shareholders of net income amounting to 96,556,031.78 Euros, plus 7,420,945.07 Euros of Retained Earnings and 50,571,437,15 of Free Reserves, in a total of 154,548,414.00 Euros;
• $\circ$ Payment to Directors, under the terms of subparagraph 3 of article 14 of the Articles of Association, of 1,130,546.00 Euros, under the criteria established by the Board of Directors.
• Approval of a vote of praise and confidence for each and every one of the members of the Board of Directors and its Executive Committee, the Fiscal Board, and the Statutory Auditor:

• Approval of the Remuneration Committee statement on the remuneration policy for the members of the management and supervisory bodies of the Company;

• Approval of the acquisition and disposal of own shares; $\mathbf{L}^{\mathcal{A}}$

• Approval of the acquisition and disposal of own bonds;
• Approval of the ratification of the co-optation of Luis Moutinho do Nascimento as member of the Board of Directors for the current term of office (2016/2018).

This information is also available on NOS' Investor Relations website in www.nos.pt/ir.

Lisbon, 10 May 2018

Contacts

Maria João Carrapato Head of Investor Relations Email: ir@nos.pt Tel.: +351 21 782 4725 Fax: +351 21 782 4735