NOS SGPS

Related Party Transaction • Jul 8, 2016

NOS, SGPS, S.A. (Public Company) Registered Offices: Rua Actor António Silva 9 - Campo Grande, parish of Lumiar 1600-404 Lisbon Registration number before the Companies Registrar of Lisbon and tax payer number 504 453 513 Registered Share Capital: EUR 5,151,613.80

ANNOUNCEMENT

NOS, SGPS, S.A. ("NOS") hereby informs that NOS COMUNICAÇÕES, S.A., NOS LUSOMUNDO AUDIOVISUAIS, S.A., VODAFONE PORTUGAL, COMUNICAÇÕES PESSOAIS, S.A. ("VODAFONE") and CABOVISÃO - TELEVISÃO POR CABO, S.A. have signed an agreement for reciprocal sharing of (i) sports events broadcasting rights and (ii) distribution and broadcasting rights of sports and club channels, which are currently owned or come to be owned by the signatories, who will share the current and future costs of the aforementioned sports content.

This information is also available on NOS' Investor Relations website at www.nos.pt/ir.

Lisbon, 08 July 2016

Contacts Maria João Carrapato Head of Investor Relations Email: ir@nos.pt Tel.: +351 21 782 47 25 Fax: +351 21 782 47 35