Samba Digital SGPS S.A — Share Issue/Capital Change 2017

Oct 25, 2017

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

T (+351) 22 010 79 03

SONAE CAPITAL, SGPS, SA Publicly Traded Company Registered Office: Lugar do Espido, Via Norte, Maia Share Capital: 250,000,000.00 Euro Registered at the Commercial Registry of Maia Registration and Tax Nº 508 276 756

(translation from the Portuguese original)

ANNOUNCEMENT ON THE AMENDMENT OF THE COMPANY'S ARTICLES OF

Sonae Capital SGPS, S.A., (Sonae Capital), hereby informs that its Board of Directors has deliberated, on this date, using the powers attributed by paragraph 2 of Article 2 of the Decree-Law no. 123/2017, of 25th September, to amend the paragraph 1 of the Seventh Article of the Company's Articles of Association, to incorporate the principle of not issuing bearer securities, imposed by Law no. 15/2017, of 3rd May, then regulated by Decree-Law no. 123/2017, of 25th September, which shall read as

"SEVENTH ARTICLE ONE – The shares are necessarily registered, and may be titledor non-titled."

th October 2017

The Representative for Capital Market Relations,