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PHAROL, SGPS, S.A. M&A Activity 2017

Sep 29, 2017

1925_iss_2017-09-29_18d697fd-d7ee-46a2-8450-830b80178fde.pdf

M&A Activity

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Announcement | Lisbon | 29 September 2017

Corporate Reorganization – Bratel S.à.r.l. - Conclusion

PHAROL, SGPS S.A. ("PHAROL") hereby informsthat, pursuant to the terms and for the purposes of articles 244 of the Portuguese Securities Code and the Portuguese Securities Commission Regulation no. 5/2008, following the press release of September 15, the Corporate Reorganization promoted by BRATEL B.V. and BRATEL S.à.r.l. was finalized successfully after all the process has been completed.

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PHAROL, SGPS, S.A. — M&A Activity 2017

1925_iss_2017-09-29_18d697fd-d7ee-46a2-8450-830b80178fde.pdf

Corporate Reorganization – Bratel S.à.r.l. - Conclusion

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PHAROL, SGPS, S.A. M&A Activity 2017