CTT-Correios de Portugal

Board/Management Information • Mar 15, 2016

Announcement - Lisbon, 15 March 2016

Material information

CTT - Correios de Portugal, S.A. ("CTT") hereby informs that on 14 March 2016 it received from Gestmin SGPS, S.A., which holds 10,500,000 shares representing 7% of the share capital of and voting rights in CTT, a request and proposal, as follows:

• 1) Request that the following item is included in the Agenda of the Annual General Meeting of CTT Shareholders, to be held on 28 April 2016 as per announced financial calendar: "Approve a resolution on the election of a non-executive member for the Board of Directors of CTT for the current term of office (2014/16)";
• 2) Propose, for the purposes of the Agenda item mentioned in 1) above: "The election of Mr. Manuel Carlos de Mello Champalimaud (...) as non-executive member of the Board of Directors of CTT until the end of the current term of office (2014/16) (...); this body will thus be composed of 12 members".

Following a decision of the Chairman of the Board of the General Meeting of CTT issued on this date, the Agenda item and corresponding proposal shall be submitted to the Annual General Meeting of Shareholders to be held on the above mentioned date. CTT shall publish this documentation, as well as the favourable opinion on this election approved on this date by CTT's Corporate Governance, Evaluation and Nominating Committee, together with the notice to convene the Annual General Meeting.

This information to the market and the general public is made under the terms and for the purposes of article 248 of the Portuguese Securities Code.

This information 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#panel1-1.

CTT – Correios de Portugal, S.A.

Market Relations Representative of CTT André Gorjão Costa

www.ctt.pt

Investor Relations of CTT

Peter Tsvetkov

Contacts:

Email: investors@ctt.pt Fax: +351210471996 Phone: +351210471857 CTT - Correios de Portugal, S.A. Public Company Nasa Company
Avenida D. João II, 13
1999-001 LISBON Lisbon commercial registry and fiscal no. 500 077 568
Share Capital EUR 75,000,000.00

www.ctt.pt