CTT-Correios de Portugal

Board/Management Information • Dec 18, 2019

CTT - Correios de Portugal, S.A. Public 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

Announcement – Lisbon, 18 December 2019

Material information – Resignation of a Member of the Board of Directors and the Executive Committee and co-optation of a new Member

CTT – Correios de Portugal, S.A. ("CTT" or "Company") hereby informs that today Francisco Maria da Costa de Sousa de Macedo Simão tendered his resignation from the position of Member of the Board of Directors and the Executive Committee of the Company, effective as provided for by law, given that his term of office expires on 31 December 2019, that he has made personal and professional commitments, and that he considers in the Company's best interest for him not to remain in the position until the date of the next elective General Meeting, to be held in 2020.

ln view of the above, the Board of Directors decided, at its meeting held today and in the exercise of its powers, to co-opt João Miguel Gaspar da Silva, Director of Operations, to replace him until the next elective General Meeting in 2020. The co-optation is effective as of 6 January 2020.

This co-optation shall be subject to ratification by the next General Meeting of Shareholders of CTT.

This information to the market and the general public is made under the terms and for the purposes of article 248-A of the Portuguese Securities Code and other legislation in force. It 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.

CTT - Correios de Portugal, S.A.

Guy Pacheco Market Relations Representative of CTT Peter Tsvetkov Director of Investor Relations of CTT Contacts: Email: investors@ctt.pt Fax: + 351 210 471 996 Phone: + 351 210 471 087