Shareholder Structure / Qualifying Holdings

Under the terms of articles 447 of the Portuguese Commercial Companies Code and 16 of the Portuguese Securities Code, the qualifying holdings in CTT are as follows:

Updated: 17 January 2018

Shares Share Capital
Gestmin, SGPS, S.A. (1) 18,638,491 12.43%
Global Portfolio Investments, S.L.(2) 8,492,745 5.66%
Credit Suisse Group AG (3) 4,965,530 3.31%
Norges Bank 4,726,966 3,15%
BNP Paribas Asset Management, S.A. (4) 4,646,344 3.10%
Wellington Management Group LLP (5) 3,105,222 2.07%
Kairos Partners SGR SpA (6) 3,075,000 2.05%
Other shareholders 102,349,702 68.23%
TOTAL 150,000,000 100.00%

(1) This shareholding is attributable to Manuel Carlos de Mello Champalimaud and is comprised of a 0.19% stake directly held and a 12.17% stake indirectly held via Gestmin, SGPS, S.A., a company controlled by Manuel Carlos de Mello Champalimaud, as well as shares held by members of the Board of Directors of Gestmin.
(2) This qualified shareholding is imputable to Indumenta Pueri, S.L..
(3) The full chain of Credit Suisse Group AG controlled undertakings through which the voting rights and/or the financial instruments are effectively held is shown as attachment to the qualifying holding press release which is available at Qualifying holding of Credit Suisse Group AG.
(4) BNP Paribas Asset Management S.A. (formerly BNP Paribas Investment Partners S.A.) is holding 3.10% with the following breakdown: BNP Paribas Asset Management France S.A.S. - 1.39%; BNP Paribas Investment Partners Belgium S.A. - 1.09% directly; BNP Paribas Investment Partners Luxembourg - 0.62% indirectly .
(5) The full chain of controlled undertaking through which the voting rights are held includes Wellington Management Group LLP, Wellington Group Holdings LLP, Wellington Investment Advisors Holdings LLP and Wellington Management Company LLP.
(6) The person subject to the notification obligation is a fund and the managing entity and its controlling entities are as follows: Julius Baer Group Ltd., Kairos Investment Management SpA and Kairos Partners SGR SpA (as manager).

Note: Following the commercial registration, executed on 24 August 2015, of the acts regarding the setting up of CTT subsidiary Banco CTT, S.A., we inform that the investors intending to have a qualifying holding in CTT and indirectly in Banco CTT, S.A. (i.e., a direct or indirect holding equal to or higher than 10% of the share capital or voting rights or which, for whatever reason, enables the exercise of a significant influence over the management) must give prior notice to the Bank of Portugal of their project for the purposes of the respective non-opposition (as per art. 102 of the Legal Framework of Credit Institutions and Financial Companies - RGICSF); also as from that date, any act or fact resulting in the acquisition of at least 5% of the share capital or voting rights in CTT, and indirectly in Banco CTT, S.A., must be communicated to the Bank of Portugal, within 15 days as from its occurrence, (as per art. 104 of the RGICSF).

CTT share capital is 75,000,000 Euros, fully underwritten and paid-up, represented by 150,000,000 shares with a nominal value of fifty cents each. The shares are registered and in book-entry form and there are no different categories of shares. Since 5 December 2013, as part of the privatization process of CTT, the total of shares representing the capital of the Company is admitted to trading on the regulated market of Euronext Lisbon.