Sonae SGPS

AGM Information • Apr 7, 2016

Lugar do Espido, Via Norte Apartado 3053 4471-907 Maia Portugal

T (+351) 22 012 95 00

(translation from the Portuguese original version)

SONAE CAPITAL, SGPS, SA Public Company Head Office: Lugar do Espido, Via Norte, Maia Share Capital: 250,000,000.00 Euro Maia Commercial Registry and Fiscal Number 508 276 756

Under the terms and for the purpose of article 249 of the Portuguese Securities Code and of CMVM's Regulation nr. 5/2008, Sonae Capital, SGPS, SA hereby informs that the following resolutions were taken in the Shareholders' General Meeting held today:

• 1- To approve the Management Report, the individual and consolidated financial statements for 2015, as presented by the Board of Directors;

• 2- To approve the proposal for the application if the 2015 Net Profit, as follows:

• That the positive results of the financial year, amounting to 12,198,781.85 Euro, is to be transferred, in an amount of 609,939.09 Euro, to legal reserves, and the amount 11,588,842.76 Euro is to be distributed as dividends, thereby paying to the shareholders a gross dividend of 0.06 Euro per share, using Free Reserves up to the amount of 3,411,157.24 Euro to fully achieve that

• 3- To approve a vote of confidence and a general appraisal for the work performed by the management and supervision bodies of the Company;

• 4- To decide on the Remuneration Committee Declaration of the remuneration policy of the statutory bodies and senior managers, as well as on the share attribution plan and respective regulation, under the terms of the proposal presented by the Remunerations' Committee and previously disclosed;
• 5- To approve the increase of the number of members of the Board Directors, for the mandate in course (2015/2017), from six to seven;
• 6- To elect Miguel Jorge Moreira da Cruz Gil Mata to fill in the empty vacancy on the Board of Directors, until the end of the currant mandate (2015-2017);
• 7- To grant approval to the Board of Directors to, over a period of 18 months and to the extent permitted by law, purchase and sell own shares, under the terms of the proposal presented by the statutory body and previously disclosed;
• 8- To grant approval to the Board of Directors to, over a period of 18 months and to the extent permitted by law, purchase and sell bonds issued by the

Lugar do Espido, Via Norte Apartado 3053 4471-907 Maia Portugal

T (+351) 22 012 95 00

Company, under the terms of the proposal presented by the statutory body and previously disclosed;

9- To grant approval for the acquisition and/or holding of own shares by companies controlled, directly or indirectly, by this Company, over a period of 18 months, under the terms of the proposal presented by the Board of Directors' and previously disclosed.

Maia, 7 April 2016

The Representative for Market Relations

_____________________________________ Anabela Nogueira de Matos