Samba Digital SGPS S.A — M&A Activity 2019

Nov 19, 2019

SONAE CAPITAL, SGPS, SA Publicly Traded Company Registered Office: Lugar do Espido, Via Norte, Maia Share Capital: € 250,000,000.00 Registered at the Commercial Registry of Maia Registration and Tax Nr. 508 276 756

ANNOUNCEMENT OF MATERIAL EVENT

SALE OF SONAE CAPITAL SHAREHOLDING AT RACE, SGPS, SA

Sonae Capital, SGPS, SA hereby informs that it has sold today, to SKK - Central de Distribuição para Refrigeração e Climatização, Lda., its 70% shareholding in the share capital of RACE, SGPS, SA.

This transaction is part of Sonae Capital strategy of active portfolio management as an investment holding company.

It is further informed that this transaction corresponds to a price of 15.8 million euros, including a fixed amount of 7 million euros and a variable amount of 8.8 million euros. The projected impact on Sonae Capital's equity totals minus 9.4 million euros.

Maia, 19 November 2019

The Representative for Capital Market Relations,

Head Office Lugar do Espido, Via Norte Apartado 3053 | 4471-907 Maia Portugal

For further information, please contact Sonae Capital Investor Relations Department: Nuno Parreiro E. ir@sonaecapital.pt T. 22 010 79 11