CTT-Correios de Portugal

Regulatory News Service • Apr 30, 2025

CTT – Correios de Portugal, S.A. Av. dos Combatentes, no. 43 – 14th Floor 1643-001 LISBOA Lisbon commercial registry and fiscal no. 500 077 568 Share Capital EUR 69,220,000.00

Announcement – Lisbon, 30 April 2025

Material information

CTT - Correios de Portugal, S.A. ("CTT") hereby informs that on this date, through its subsidiary CTT Expresso - Serviços Postais e Logística, S.A. ("CTT Expresso"), it has completed the acquisition of the total share capital of Compañia Auxiliar al Cargo Expres, S.A.U. ("Cacesa" or "Company"), announced on 18 December 2024, for a total amount of €106.8m.

As at the end of March 2025, the Company had a net cash position of €17.6m. The acquisition¹ thus values Cacesa at an Enterprise Value of €89.1m, implying an EBIT multiple of 5.2x² .

This information to the market and the general public is made under the terms and for the purposes of article 29-Q of the Portuguese Securities Code and other legislation in force. It is also available on CTT's Investor Relations website at:

https://www.ctt.pt/grupo-ctt/investidores/comunicados/index?language_id=1.

CTT – Correios de Portugal, S.A.

Guy Pacheco Market Relations Representative of CTT Nuno Vieira Head of Investor Relations of CTT Contacts: Email: investors@ctt.pt I Phone: + 351 210 471 087

² EBIT figure as of December 2024 using figures under Local GAAP (pre-IFRS 16 implementation).

¹ As per the initial announcement, on 18 December 2024, using figures under Local GAAP (pre-IFRS 16 implementation) as at 30 June 2024, LTM, Cacesa was valued at an enterprise value of €91 million, equivalent to a multiple of 5.5x EBIT.