PHAROL, SGPS, S.A. — AGM Information 2015

Jul 31, 2015

Announcement | Lisbon | 31 July 2015

PHAROL'S GENERAL MEETING OF SHAREHOLDERS

PHAROL, SGPS S.A. ("PHAROL") announces that the General Meeting of Shareholders held this afternoon has approved the following proposal, in accordance with the Sole Item on the Agenda:

To file, in accordance with articles 72 et. seq. of the Portuguese Companies Code, a liability claim against any member of the Board of Directors, elected for the three-year period of 2012/2014, who has violated legal, fiduciary and/ or statutory duties, among others, either by action or by omission, pursuant to the considerations above, for the damages caused to the Company as a consequence and/or related with the investments in debt instruments issued by entities of the Espirito Santo Group (Grupo Espírito Santo or "GES").

At the General Meeting, shareholders holding 43% of the voting share capital were present or represented.

The proposal was approved by a majority of 99,996% of the votes present or represented and cast at the General Meeting.

PHAROL, SGPS S.A.

Public company Share capital Euro 26,895,375 Registered in the Commercial Registry Office of Lisbon and Corporation no. 503 215 058

PHAROL is listed on the Euronext (PHR). Information may be accessed on Bloomberg under the symbol PHR PL.

Luis Sousa de Macedo Investor Relations Director ir@pharol.pt Tel.: +351 21 500 1701 Fax: +351 21 500 0800