Shareholder Information

Shareholder Structure and Analysts

Shareholder Structure

Shares held by corporate boards and qualified participations are detailed below, in accordance with CMVM disclosure requirements:

Shareholder	No. of shares
Ana Rebelo de Carvalho Menéres de Mendonça (a)	35,975,972
João Manuel Matos Borges de Oliveira (b)	34,200,000
Paulo Jorge dos Santos Fernandes (d)	27,965,728
Domingos José de Vieira de Matos (c)	25,343,400

(a) The 35,975,972 shares correspond to the total Altri, SGPS, S.A. shares held by the company PROMENDO INVESTIMENTOS, S.A., of which the director Ana Rebelo de Carvalho Menéres de Mendonça is director and majority shareholder

(b) The 34,200,000 shares correspond to the total Altri, SGPS, S.A. shares held by the company CADERNO AZUL, S.A. of which the director João Manuel Matos Borges de Oliveira is director and majority shareholder

(c) The 25,343,400 shares correspond to the total Altri, SGPS, S.A. shares held by the company VIEIRA DE MATOS - VDM CAPITAL, S.A., of which the director Domingos José Vieira de Matos is director and majority shareholder

(d) The 27,965,728 shares correspond to the total Altri, SGPS, S.A. shares held by the company ACTIUM CAPITAL, S.A., of which the director Paulo Jorge dos Santos Fernandes is director and dominant shareholder

Exceeding 15% of the voting rights	No. of shares	% of direct voting rights
PROMENDO INVESTIMENTOS, S.A.	35,975,972	17.54%
CADERNO AZUL, S.A. (b)	34,200,000	16.67%

(a) The 35,975,972 shares correspond to the total Altri, SGPS, S.A. shares directly held by the company PROMENDO INVESTIMENTOS, S.A., of which the director Ana Rebelo de Carvalho Menéres de Mendonça is director and majority shareholder

(b) The 34,200,000 Altri, SGPS, S.A. shares held by the company CADERNO AZUL, S.A. are attributable to João Manuel Matos Borges de Oliveira, its director and majority shareholder

Exceeding 10% of the voting rights	No. of shares	% of direct voting rights
ACTIUM CAPITAL, S.A. (b)	27,965,728	13.63%
VIEIRA DE MATOS - VDM CAPITAL, S.A. (a)	25,343,400	12.35%
1 THING, INVESTMENTS, S.A. (c)	20,541,284	10.01%

(a) The 25,343,400 Altri, SGPS, S.A. shares held by the company VIEIRA DE MATOS - VDM CAPITAL, S.A. are attributable to Domingos José Vieira de Matos, its director and majority shareholder

(b) The 27,965,728 Altri, SGPS, S.A. shares held by the company ACTIUM CAPITAL, S.A. are attributable to Paulo Jorge dos Santos Fernandes, its director and dominant shareholder

(c) The 20,541,284 Altri, SGPS, S.A. shares are directly held by the company 1 THING, INVESTMENTS, S.A., whose board of directors includes Altri's director Pedro Miguel Matos Borges de Oliveira