Teixeira Durate

AGM Information • May 27, 2017

RELEASE

- Resolutions of the General Meeting held on the 27 th of May 2017 -

The General Shareholders' Meeting of TEIXEIRA DUARTE, S.A. was held today, at 11:00, near to the Company's head office, at the "Lagoas Park" Convention Centre, located at Rua Encosta das Lagoas, in Porto Salvo, Oeiras, with an attendance of shareholders holding 83,05% of the share capital and voting rights.

• 1. Without prejudice to the details on the proposals put forward and made available, we hereby release the following information on the resolutions taken:
• 1.1. The Management Report and Accounts of the Company for 2015, both individual and consolidated, as well as the Corporate Governance Report, under the terms of the respective documents submitted in due time, i.e. including the respective annexes, as well as the Report and Opinion of the Supervisory Board and the Legal Certification of Accounts and Auditors' Reports submitted by the Firm of Statutory Auditors were unanimously approved.
• 1.2. The proposal for allocation of results submitted by the Board of Directors was unanimously approved, according to which the individual net profit of TEIXEIRA DUARTE, S.A. for the financial year 2016, amounting to EUR 7,092,173.40 (seven million ninety two thousand one hundred and seventy three Euros and forty cents) be allocated as follows:

For reinforcement of the legal reserve EUR 5,500,000.00 For reinforcement of the free reserves EUR 752,173.40 For dividends to shareholders EUR 840,000.00

1.3. A deliberation of confidence in the Board of Directors, Supervisory Board, all respective Members and in the Firm of Statutory Auditors, as well as a commendation for the way in which they performed their work in the financial year that ended, was unanimously approved.

• 1.4. The declaration issued by the Remunerations Committee, on the remuneration policy of TEIXEIRA DUARTE, S.A. managing and supervisory bodies' members, was approved, with 99,94% of votes in favour.
• 1.5. The maintenance of the existing situation of total control over the company "Lagoas Park, S.A.", was unanimously approved.
• 1.6. The acquisition and sale of own shares in accordance with the proposal submitted by the Board of Directors, was unanimously approved.

2. Additional information provided herein under the terms and for the purposes of the legal and regulatory requirements, concerning the disclosure of approved documents:

We hereby release that the documentation related to this General Meeting, namely proposals and the approved documents presenting the accounts, is available for consultation at the registered office of the Company and on its website at http://www.teixeiraduarte.pt/investors/generalmeetings/teixeira-duarte-sa.html and that in due time all the elements concerning this Shareholders' Meeting will be published in accordance with applicable regulations and recommendations.

3. Additional information provided herein under the terms and for the purposes of the legal and regulatory requirements, concerning point 1.2 indicated above:

The proposal for allocation of results which was presented by the Board of Directors and unanimously approved foresees the attribution of a gross dividend of €0,002 per share.

Shortly hereafter and in accordance with the applicable provisions, other information concerning the payment of said dividend will be disclosed.

Lagoas Park, the 27 th of May 2017 Investors Relations,

José Pedro Cobra Ferreira