NOS SGPS

AGM Information • Apr 27, 2017

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, 27 April 2017 - The annual General Shareholders' Meeting of NOS, SGPS, S.A. ("NOS" or "Company") was held this afternoon.

The proposals concerning the items of the agenda were approved as follows:

• Approval of the management report, balance sheet and accounts, individual and consolidated and corporate governance report of the Company, concerning the financial year of 2016;
• Approval of the application and distribution of the 2016 net income, in the following terms:
• o Payment of a global total of 0.20 Euros per share (regarding the aggregate number of issued shares), as a result of the payment to shareholders of net income in the amount of 80,022,807.40 Euros, accrued of 23,009,468.60 Euros of retained earnings, in a total of 103,032,276.00 Euros;
• o Payment to the Directors, under the terms of subparagraph 3 of article 14 of the Articles of Association, of an amount of 1,186,010.00 Euros, under the criterion established by the Board of Directors.
• Approval of a vote of praise and confidence to 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;

• Approval of the acquisition and disposal of own bonds; $\blacksquare$
• Approval of the the ratification of the co-optation of António Domingues 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, 27 April 2017

Contacts

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