DIVIDENDS

FISCAL YEAR	DIVIDENDS IN EUROS		PAYMENT DATE	EX-DATE
	Gross	Net
2015	0.03	a) 0.0216	09 jun 2016	07 jun 2016
		b) 0.0225
2013	0.1	a) 0.072	30 mai 2014	27 mai 2014
		b) 0.075
2012	0.325	a) 0.234	17 mai 2013	14 mai 2013
		b) 0.243
2011	0.435	0.3263	25 mai 2012	22 mai 2012
2011	0.215	0.16125	04 jan 2012	30 dez 2011
2010	0.65	0.51025	03 jun 2011	31 mai 2011
2010*	0.65	0.51025	40697	31 mai 2011
2010*	1	0.785	28 dez 2010	23 dez 2010
2009	0.575	0.46	14 mai 2010	40309
2008	0.575	0.46	24 abr 2009	21 abr 2009
2007	0.575	0.46	24 abr 2008	21 abr 2008
2007**	1.616	1.293	07 nov 2007	30 out 2007
2006	0.475	0.38	18 mai 2007	15 mai 2007
2005	0.475	0.38	19 mai 2006	16 mai 2006
2004	0.35	c) 0.32375	27 mai 2005	24 mai 2005
		d) 0.30625
2003	0.22	c) 0.2035	30 abr 2004	27 abr 2004
		d) 0.1925
2002	0.16	c) 0.140	02 mai 2003	28 abr 2003
		d) 0.132
2001	0.1	c) 0.0875	23 mai 2002	20 mai 2002
		d) 0.0825
1999***	0.2	0.17	26 mai2000	23 mai 2000
1998	1.01	0.89	19 mai 1999	14 mai 1999
1997	0.88	0.73	21 mai 1998	18 mai 1998
1996	0.69	0.61	35550	24 abr 1997
1995	0.45	0.4	29 abr 1996	22 abr 1996

a) IRS b) IRC c) Residents d) Non-residents
* Exceptional 2010 Dividend
** Extraordinary dividend resulting from the spin-off of PT Multimedia (0.176067 PTM share for every PT share with a PTM share reference price of 9.18 euros.
*** On 30 November 1999 occurred a 5 for 1 share split.