Extraordinary General Shareholders’ Meeting 4 August, 2017

EXTRAORDINARY GENERAL SHAREHOLDERS’ MEETING 4 AUGUST, 2017

Sociedade Comercial Orey Antunes, S.A. (sociedade aberta) Registered Office: Rua Maria Luísa Holstein, 20, parish of Alcântara, Municipality of Lisbon Share Capital: 12,000,000.00 (twelve million euros) Registered under the Commercial Registry Office of Lisbon under sole identification and tax payer number 500 255 342

For the purposes of article 289, no. 1, paragraphs a) and b) of the Companies Code

BOARD OF THE GENERAL SHAREHOLDERS’ MEETING: ......

Chairman: Mr. Daniel Proença de Carvalho ......

Secretary: Ms. Ana Sá Couto ......

BOARD OF DIRECTORS: ......

Chairman and CEO: Mr. Duarte Maia de Albuquerque d’Orey ......

Executive Director: Mr. Nuno Manuel Teiga Luís Vieira ......

Executive Director: Mr. Miguel Ribeiro Ferreira ......

Non-Executive Director: Mr. Alexander Somerville Gibson ......

Non-Executive Director: Mr. Francisco Van Zeller ......

Non-Executive Director: Mr. Tristão José da Cunha Mendonça e Menezes ......

SUPERVISORY BOARD: ......

Chairman: Mr. José Martinho Soares Barroso......

Effective Member: Mr. Acácio Augusto Lougares Pita Negrão ......

Effective Member: Mr. Nuno de Deus Vieira Paisana Salvador Pinheiro ......

Alternate Member: Ms. Tiago Antunes da Cunha Ferreira de Lemos ......

Sociedade Comercial Orey Antunes, S. A.

Rua Maria Luísa Holstein, n.º 20 1300-388 Lisboa, Portugal . T: +(351) 213 407 000 . F: +(351) 213 473 937 . E: [email protected]

www.orey.com

Sociedade Comercial Orey Antunes, S. A. Capital Social: 12.000.000,00 euros Nº de Matricula na CRCL e de pessoa coletiva: 500 255 342

Daniel Proença de Carvalho Date of birth - 15 September 1941 Nationality - Portuguese Education: 1965 - Law degree by Faculdade de Direito in Universidade de Coimbra. Positions held in entities in Orey Group: Chairman of the General Meeting of Sociedade Comercial Orey Antunes, S.A. (since 29 May 2014) Positions held in entities outside Orey Group: Chairman of the Board of Directors of Global Notícias – Media Group, S.A.. Chairman of the Board of Directors of Cimpor - Cimentos de Portugal, SGPS, S.A. Chairman of the General Meeting of: • Galp Energia, SGPS, S.A.; • Portugália – Administração de Patrimónios, S.A.; • Almonda – Sociedade Gestora de Participações Sociais, S.A.; • Renova – Fábrica de Papel do Almonda, S.A.; • Sogesfin – Sociedade Gestora de Participações Sociais, S.A.; • INTEROCEÂNICO – Capital, SGPS, S.A.. • Cabo Raso – Empreendimentos Turísticos, S.A.; • SOGEB – Sociedade de Gestão de Bens, S.A.; • Sociedade Agrícola Belo de Mértola, S.A.; • Sociedade Agrícola dos Namorados, S.A.; • Coaltejo – Criador de Ovinos Algarve e Alentejo, S.A.; • 3 Z – Administração de Imóveis, S.A.; • Sétimos - Participações, SGPS, S.A.; • Confiança Participações, SGPS, S.A.; • Calhau Participações, S.A.; • Fonte dos Canais, Imobiliária, S.A. • Sociedade Agrícola da Serra Branca, S.A.; • Gotan, SGPS, S.A.; • Companhia Agrícola da Apariça, S.A.; • Companhia Agrícola das Polvorosas, S.A.; • Companhia Agrícola de Corona, S.A.; • Herdade do Monte da Pedra, S.A.; • TRABELIBEX - Investimentos Imobiliários, S.A.; • FREIXAGRO - Empresa Agrícola do Freixo, S.A.; • Mares Lusos, S.A.

Chairman of the general meeting of Portuguese Institute for Corporate Governance (Instituto Português de Corporate Governance). CURRICULUM

Name: Ana Maria do Nascimento de Sá Couto Júdice Pargana

Date of Birth: 4 October 1974

Nationality: Portuguese

Place of Birth: Lisbon (São Sebastião da Pedreira)

Address: Rua Duque de Palmela, 23, 1250 – 097 Lisbon

Curriculum data: Graduated in Law in 1997 by the Faculty of Law of Universidade Católica Portuguesa. Post-Graduations Degrees: 1998 - II Curso de Pós Graduação em Valores Mobiliários (securities law), by the Faculty of Law of Lisbon; 2000/2001 - II Curso de Pós Graduação em Direito Bancário, da Bolsa e dos Seguros (banking, capital markets and insurance law), by the Faculty of Law of Coimbra. Member of the Portuguese Bar of Association.

Professional record: Lawyer practicing at Uría Menéndez Proença de Carvalho.

She joined Uría Menéndez in 2002. Between 1997 and 2002, Ana practiced in another Portuguse law firm. She was also Deputy Secretary of the MTS Portugal - Sociedade Gestora do Mercado Especial de Dívida Pública, SGMR, S.A..

Focuses her practice in capital markets, finance, banking law, mergers and acquisitions, company law and corporate governance. Ana regularly participates at seminars and conferences of her practice area, in Portugal and abroad. Information on her publications is available on the firm’s website www.uria.com

* * * Duarte Maia de Albuquerque d’Orey

1. Personal Data a. Nationality: Dual Citizenship Holder, Portuguese and Angolan b. Date of Birth: 19 March 1971 c. Place of birth: Luanda - Angola d. Martial status: Married e. Address: 41, Calle Castelló Piso 2c 28001 Madrid

2. Academic Background: a. 1988/1994: Universidade Católica Portuguesa, Lisbon: i. Degree in Business Administration; ii. Final average of 13/20.

3. Professional Background: a. Sociedade Comercial Orey Antunes: i. 2003-Present: Chairman and CEO with the following responsibilities: 1. Strategy and Corporate Development; 2. Inorganic Growth; 3. Inovation and Business Development; 4. Internacionalization; 5. Subsidiaries and afilliates; 6. Financial Investments and SPV’s; 7. Mergers and acquisitions; 8. Strategic Human Resources; 9. Institutional Relations; 10. Institutional and Corporate comunication; 11. Orey Brand Development. ii. 2002-2003: Board Member a. Orey Financial IFIC (Company resulting from the group of companies First Portuguese): iii. 2000-2007: Executive Chairman of the Board of Directors; iv. 2007-2016: Non-Executive Chairman of the Board of Directors; v. 2016-Presente: Executive Chairman of the Board of Directors;

41, Calle Castelló, 2C 28001 Madrid | Mobile: +351962031299|[email protected]

Duarte Maia de Albuquerque d’Orey

b. Banco Inversis: i. 2016 Board Member of Banco Inversis, S.A. in the context of the transaction that led to the acquisition by the Orey Group of a qualified participation in the capital of Inversis, a position that has since been sold. c. Banco Mello de Investimentos vi. 1997-1998: Head of Treasury and Tranding desk d. União de Bancos Portugueses (Banco Mello): vii. 1996-1997 Head of Integrated Treasury at Banco Mello Group (Banco Mello de Investimentos, Banco Mello Lisboa, Paris, SFEM and Banco Mello Luxemburgo) viii. 1995-1996 Liquid Assets Manager for Banco Mello and União de Bancos Portugueses after having been Joint Manager of the Derivatives Table. ix. 1994-1995 Co-responsible for the Derivatives Desk e. Citibank Portugal SA, Lisboa: x. 1992-1994 – Sales Trader.

4. Present Responsabilities: 1. Strategy and Corporate Development; 2. Inorganic Growth; 3. Inovation and Business Development; 4. Internacionalization; 5. Subsidiaries and afilliates; 6. Financial Investments and SPV’s; 7. Mergers and acquisitions; 8. Strategic Human Resources; 9. Institutional Relations; 10. Institutional and Corporate comunication; 11. Orey Brand Development.

5. Summary of the professional life

I started my banking career at Citibank in Portugal in 1992 while I was finishing my degree in Business Administration. I started as part-time trainee doing assignments for all the trading desks. At the end of a year I was acting as a backup for all desks whenever was

41, Calle Castelló, 2C 28001 Madrid | Mobile: +351962031299|[email protected]

Duarte Maia de Albuquerque d’Orey necessary. In these two years I won experience in FX, Financial Markets, Capital Markets and derivatives. Once I finished my degree, I started working for the derivatives desk of the Union of Portuguese Banks. At this team we managed one of the few - if not the only - interest rate arbitrage book in Portugal. When Banco Mello bought UBP I was invited to be responsible for the global Treasury. I was also invited to head a project to integrate all the treasuries of the group. After this project I was responsible for all the treasuries of the group. In 1999 I founded Orey Financial (Ex First Portuguese Group). It started in 1999 as an Asset Management company, regulated by the Bank of Portugal and CMVM, dedicated to portfolio management of securities, investment funds and discretionary management. Over the years, it has evolved into the business of brokerage, real estate funds and credit, having today the legal figure of IFIC (Financial Credit Institution). In 2003, together with other members of the family, launched a tender offer over Sociedade Comercial Orey Antunes S.A., later integrating Orey Financial into this group. From that date until today my work has been to develop the Orey group. In 2008 I stopped being an executive at Orey Financial, returning again to this function in the middle of 2016.

Em 2013 I was leading the transaction that ended up in the acquisition of 49,99% of Inversis Banco together with Banca MArch. This operation was a landmark for Orey as it became immediately known in Spain. Through this operation i was also able to meet the major players in the financia system as well as the regulators.

6. About Sociedade Comercial Orey Antunes:

Created in 1886, Sociedade Comercial Orey Antunes, S.A. Is today an important business group that operates in two distinct business areas:

1. Financial Area, with Online Brokerage services in Portugal and Spain and Asset Management exercised through the Orey Financial - IFC, S.A.; 2. Non-Financial Area, includes the Group's traditional activities - Navigation, Transport and Logistics (in Portugal, Angola and Spain) and Technical Representations in the Petrochemical, Naval and Safety and Environment sectors.

7. Language proficiency: a. Portuguese: Native b. English: Full professional proficiency (level c2) c. French: Regular professional proficiency (level b2) d. Spanish: Full professional proficiency (nível c2)

41, Calle Castelló, 2C 28001 Madrid | Mobile: +351962031299|[email protected]

Duarte Maia de Albuquerque d’Orey

8. Presence in the Board of companies in the current exercise of functions:

Execut i ve Ti me Ent i t y NIF Act i vi t y Posi t i on Funct i ons Sp e n t (Yes/ No)

Horizon View - Navegação e Transitos, S.A. 509077706 National and international shipping Services Dir ect or 1 No

Orey - Apresto e Gestão de Navios Lda 501594876 International shipping Services Manager 0,45 No

Real estate management, purchase and Orey - Gestão Imobiliaria, S.A. 501296182 resale of properties, real estate consulting, Dir ect or 1 No economic and technical assistance

Business management, corporate Orey - Serviços e Organização, S.A. 501190600 organization, finance, accounting, auditing Dir ect or 2 No and IT

Lynx Angola - Transporte e Logistica 5417243310 Transports and logistics Manager 0,4 No

Par cel Expr ess - Expedi coes National and International Expedition 5417164500 Manager 0,4 No Internacionais, Lda Se r v i c e s

Orey (Angola) Comercio e Serviços, Lda 5401127073 shi ppi ng Ser vi ces Manager 0,4 No

Orey Super Transportes e Distribuição, Lda 5401139055 Transports and Distribution Manager 0,4 No

Safocean - Comercio a Serviços, Lda 5417221546 shi ppi ng Ser vi ces Manager 0,4 No

Orey Capital Partners GP S.A.R.L LU24148629 Pr i vat e Equi t y Gener al Par ner Dir ect or 1 No

Wholesale of machinery, equipment and Orey Industrial Representations, S.A. 509479812 Dir ect or 0,5 No suppl i es

Orey Safety and Naval Representations So l u ç õ e s d e Se g u r a n ç a e 509455409 Sea Safety and fire protection services Dir ect or 0,5 No Representações Navais, S.A.

41, Calle Castelló, 2C 28001 Madrid | Mobile: +351962031299|[email protected]

CURRICULUM VITAE

Nuno Manuel Teiga Luís Vieira Date of Birth: 10 March 1972 Nationality: Portuguese Address: Av. Poeta Mistral, 2 – 8º. 1050-182 Lisboa. Portugal. Mobile: +351 962116837 E-mail: [email protected] Linkedin: http://pt.linkedin.com/in/nunotvieira/ IM: nunoteigavieira (Skype)

Academic Background

• Engineering degree in Telecommunications awarded by Instituto Superior Técnico, Universidade Técnica de Lisboa. • MBA degree with specialisation in Finance awarded by Faculdade de Ciências Económicas e Empresariais, Universidade Católica Portuguesa. • Chartered Financial Analyst® (CFA). The CFA charter is a globally recognised credential for investment analysis and management. The CFA program, administered exclusively in English, the international language of business, sets a globally recognised standard for measuring the competence and integrity of financial analysts, portfolio managers and investment advisers. Link to the CFA Program.

Professional Background

• Orey Financial - Instituição Financeira de Crédito, S.A. – Since December 2016: executive board member From August 2016 to December 2016: non-executive board member; • Horizon View, S.A. (HVIEW, Orey group) – Since April 20016: Non-executive board member. • Orey Serviços e Organização, S.A. (OSO; Orey group) – Since May 2015: Board member. OSO is the shared- services platform of Orey Group aiming at bringing together the following functions for the group’s various companies in Portugal, Spain, Angola, Mozambique and Brazil: Accounting and finance; Planning and Control; IT; HR Facilities and Contract Management. Following the repositioning of the holding company and the new management model based on a Private Equity perspective, this unit is a strategic tool for Orey’s management. • Orey Gestão Imobiliária, S.A. (OGI; Orey group) – Since May 2015: Board member. OGI is the company that manages Orey group’s real-estate asset portfolio with the objective of improving efficiency of Orey’s property assets, both through more efficient use of the spaces by group companies and also through maximising income generation in the form of rents received from external companies. • Sociedade Comercial Orey Antunes, S.A. (SCOA; Orey group) – Since April 2016: Executive board member and Chief Financial Officer. From January 2015 to March 2016: Group Finance and Investor Relations Director. Orey Group is an operating holding company that invests in a mix of minority, majority and wholly owned companies as an active, long-term investor, aiming at maximising shareholder returns through a dynamic asset allocation process for its well diversified portfolio and at the same time providing its clients access its own proprietary portfolio. Orey Group focuses on the financial sector and manages its traditional business areas (shipping, transport and logistics and technical representations) through a private equity fund. • Portugal Telecom S.G.P.S., S.A. – From January 2008 to January 2015: Investor Relations Director. • Millennium investment banking (Millennium bcp Group) – From January 2000 to December 2007: Equity analyst. Equity research analyst at the research division of Millennium bcp, specialised in the Telecommunications, Media and Technology sectors. • Ericsson Telecomunicações, Lda - From September 1997 to December 1999: Marketing and account manager. Responsible for account managing for emerging alternative carriers, which included co-ordination of the projects in existing customers, planning and budget preparation and preparation of proposals and contracts. • Comnexo - Redes de Comunicação, S.A. – From November 1995 to August 1997: Telecoms engineer. Covered various positions, including: customer support of international telecoms services, which were provided in partnership with British

Nuno Vieira, January 2017 Telecom; and pre-marketing, having the responsibility to prepare the technical and cost analysis assessments of the commercial proposals presented to clients and prospects.

Other relevant professional information

• December 2007: Invited by the organisation of the 17th Communications Congress organised by APDC (Association for the Development of Communications) to participate in a panel focusing on Access Networks: The view of investors, which took place in Lisbon. Did not present due to job change. • November 2006: Invited by the organisation of the 16th Communications Congress organised by APDC (Association for the Development of Communications) to participate in a panel focusing on Business Opportunities, which took place in Lisbon. • September 2004: Invited by Optimus, a Portuguese mobile operator part of the telecommunications segment of Sonae conglomerate, to perform a public presentation in the conference “Corporate Solutions for the Mobile Communications: Future perspectives”, which took place in in Lisbon. • July 2004: Invited by Optimus, to perform a presentation on its internal strategy meeting. The presentation addressed the topic of “Optimus, as seen by the equity market”.

Major professional accomplishments / Honors & Awards

• Second place in the earnings estimators 2005-survey ranking elaborated by Thomson Extel and StarMine, a strategic partner of Thomson Financial and provider of objective ratings of securities analysts based on I/B/E/S database. This list is a measure of analysts' performance based on the return of their stock recommendations and the accuracy of their earnings estimates. As part of this list, StarMine also presented the best security analysts covering European stocks out of the more than 2,700 analysts that covered stocks in the developed European market last year. Best profit predictions on cable and satellite television provider PT Multimedia, industrial conglomerate Sonae and IT service provider Novabase. Second-most- accurate earnings forecasts on telecommunication service providers Portugal Telecom and Sonaecom. • Most accurate analyst in the earnings estimators 20005/06 ranking in Portugal. This ranking was elaborated by AQ Research, a world leader in the provision of independent, quantitative analysis of the accuracy of brokers' research. • Ranked in the Institutional Investor European Equities Investor Relations Perception Surveys: 2013: #1 by the sell side and #5 by the buy side in telecoms services as well as #1 by the sell side and #2 by the buy side in Portugal; 2012: #1 by the sell side and #3 by the buy side in telecoms services as well as #1 by the sell side and buy side in Portugal; 2011: #1 by the sell side and #3 by the buy side in telecoms services; 2010: #1 by the sell side and #2 by the buy side in telecoms services, and 2009: #3 by the sell side in telecoms services. • Ranked in the Thomson Reuters Extel Surveys: Best IRO in Portugal in 2013, Best IRO in Portugal in 2012, Best IRO in Portugal and #2 IRO in Telecommunications services in Europe in 2011, #1 Individual - Investor Relations in Portugal and #2 IRO in Telecommunications services in Europe in 2010.

Language proficiency

• Portuguese: Native • English: Full professional proficiency • Spanish: Regular professional proficiency

Nuno Vieira, January 2017 CURRICULUM VITAE

Name: Miguel Beltrão Ribeiro Ferreira Date of Birth: 18th of de February de 1971 Address and Contacts Rua de Santa Mónica, 51 2750-115 Cascais Mobile.: 96 682 1430 E-mail: [email protected]

Academic Activity:

 1991 – 1994: Course of Marketing Management at the Portuguese Institute of Marketing Administration.

Professional activity:

 From 2016 to ….: Joined the society Magikbeauty, lda, as a manager, whose activity is the rendering of consulting services and strategic, technical, administrative, economic, financial and fiscal advice, management, marketing, human resources, inspection of all kinds of entities and in all areas of business activity, with the exception of legal advice, and for this purpose may establish any form of cooperation, including with entities, public or private, in particular in the field of research and innovation and, in general, the development of knowledge.  From 2016 to …: Together with other partners, formed the company Vertentidêntica, Lda., in which he is a manager, whose activity is focused on the provision of economic and financial consulting services; advisory services to management and governance bodies and to boards of directors; strategic consulting; management consulting in several areas, namely in the financial, commercial and human resources areas; consulting and advising on the analysis of investment projects and support for decision making; advising on investment processes, divestment, acquisitions, divestitures, financing, capital increases, in companies operating in the most diverse economic activities; design, development, implementation, and commercial exploitation of urban developments, real estate developments, tourism and any other type of business, administration, leasing, exploration and purchase and sale of real estate, in Portugal or abroad, and resale of those acquired for that purpose; and the performance of any related, ancillary or related activities.

 From 2016 to ….: Together with other partners, formed the company TPP - The Portuguese People, Lda. This company’s activity is the promotion, production and agency of shows and artists, marketing and publicity, edition and CDs, DVDs, books and professional qualification; and promotion, production and agency of theater performances; design and graphic production.

 From 2015 to ….: together with his brothers, he established the company Curiouspyramid, Lda., as manager, whose activity is the purchase and sale of real estate and resale of the acquired properties for the same purpose, real estate development, consulting, management and support for real estate projects and urban rehabilitation, sale of real estate products, real estate investment projects and assembly, rental and real estate management, management of condominiums, management and administration of own and outsourced real estate.

 From 2015 to … - through its participation in the program of SIC "Shark Tank" and together with other partners, established the company Rush Drift Trike, Lda., as manager, whose activity is to build, manufacture, assemble, promote, sell, import, export and in general, commercialize bicycles, mopeds, motorcycles and similar human-powered vehicles, whether or not fitted with a motor, consisting of one or more wheels, including bicycles and tricycles.

 From 2015 to ….: established the company Purplemixed - Unipessoal, Lda., as manager, whose activity is real estate promotion, purchase and sale of rustic and urban buildings and the resale of the acquired for this purpose, construction and reconstruction of real estate, adjudication and execution of public and private work contracts, leasing and real estate management of own and outsourced properties, management of condominiums, exploration of real estate and touristic projects, planning of works and elaboration of projects for civil construction, and catering and beverage activities. Consultancy and advisory services in the analysis of investment projects and support for decision-making; advising on investment processes, acquisitions, divestitures, financing, in companies operating in a wide range of economic activities.

 From 2015 to ….: Constituted the company Capital Disperso, Lda, as manager. This company is engaged in consulting, guidance and operational assistance in matters of planning, organization, control, information and management, preparation of studies and financial projects, reorganization of companies, financial management, compensation strategies for the termination of labor ties, investment management, financial management, budgetary control process, marketing objectives and policies, human resources management as well as management of shareholdings, supervision and management of other business units, in particular in the fields of strategic and organizational planning, as well as decision making , including the provision of administrative services.

 From 2014 to ….: jointly with other partners, as manager, he incorporated the Ironworld Systems Company, Unipessoal, Lda., whose activity focuses on the metalworking industry, manufacture of metallic products, namely, civil locksmithery, aluminum window frames, construction and metal structures, design and production of industrial solutions for the valorization of spaces and environments, and coating of buildings, metal furniture, maintenance services associated with their specialties, design, manufacture, assembly and commercialization of prefabricated modular constructions, for accommodation with various functionalities, as well as the engineering, execution, installation, promotion, coordination and management of any urban operations, namely real estate projects and the preparation of studies and projects related to their activity.

 From 2012 to ….: Together with other partners, established the Burgotreasure, Lda., as manager, whose activity is real estate development, purchase and sale of rustic and urban buildings and the resale of the acquired for that purpose, construction and reconstruction of real estate, adjudication and execution of public and private works contracts, leasing and real estate management of own and outsourced properties, management of condominiums, exploration of real estate and tourist developments, planning of works and elaboration of projects for civil construction.

 From 2011 to ….: Through its participation in the SIC program "Shark Tank", became a manager in the company Blocomed, Lda., Whose activity focuses on the import, export, representation and commercialization of medical products and equipment via the Internet, in mobile places and in establishments .

 From 2010 to …..: Formed the company Trignoláxia, S. A. Belongs to the board of administration. Trignoláxia is engaged in the manufacture of plastic packaging.an the manufacture of other unspecified plastic articles.

 From 2009 to ….: Joined the company Eres Relocations Portugal, Lda., as manager. Eres is focused on the management of relocation and expatriation solutions, business and management consulting services to natural and legal persons, administrative services, translation, import and export and public relations services.

 From 2004 to ….: He joined Orey Financial as Executive Director. Orey Financial - Financial Institution of Credit, S.A. is a financial company that has been present in the market since 2004 and, throughout its history, has been distinguished by the launch of innovative financial products and solutions in the national market. He currently focuses his activity in the area of investment strategies, focusing on online brokerage and asset management. In the area of online brokerage is present in Portugal, where it occupies a leading position in some business areas and, since late 2008, has expanded its activity to Spain where it has been registering sustained growth. In asset management, it offers the market portfolio management services, with emphasis on advisory solutions and the design of innovative furniture funds. Already in 2007 began activities in the area of urban rehabilitation as one of the first institutions to constitute an urban rehabilitation fund. In 2009, as a result of the repositioning of the Orey Group, it also expanded its activities to the Private Equity Area, with the launch of Orey Capital Partners, a fund specialized in business management in the Transportation & Logistics sector.

 From 2003 to …..: He joined the company Central das Massas Restauração, Lda., as manager. This company has as activity the restoration. It has one restaurant called "Pasta House", in the Shopping Center of Amoreiras and another in the market of Cascais, "Marisco na Praça".  From 2003 to ….: Joined the company 2005 - Investimentos Imobiliários e Turísticos, Lda., as manager. This company is engaged in the provision of consulting services and real estate investment and tourism and development of investment projects; purchase and sale of real estate and resale of the acquired for that purpose and administration and management of own and other properties.

 From 2003 to ……: Incorporated the Invespri SA Company, belonging to the board of directors. Invespri's activity focuses on the provision of economic and financial consulting services; advisory services to management and governance bodies and to boards of directors; strategic consulting; management consulting in several areas, namely in the financial, commercial and human resources areas; consulting and advising on the analysis of investment projects and support for decision making; advising on investment processes, divestment, acquisitions, divestitures, financing, capital increases, in companies operating in the most diverse economic activities; design, development, implementation, and commercial exploitation of urban developments, real estate developments, tourism and any other type of business, administration, leasing, exploration and purchase and sale of real estate, in Portugal or abroad, and resale of those acquired for that purpose; and the performance of any related, ancillary or related activities.

 From 2000 to ……: It acquired a small company in Spain, with the same activity of Bébagua, but with the name of Acqua Jet, that gave rise to the company SEMAE. In 2005, it acquired the Portuguese company Jet Cooler - Águas e Cafés, S.A, whose brand is Fonte Viva.  From 1996 to 2000: The company Bébagua - Importação e Exportação, Lda. The activity of this company was based on the commercialization of water machines (purchase and rental) and respective water bottles.

Others

 On an individual basis, he participated as a jury in the SIC TV program, Shark Tank, which made it possible to meet new businesses where he came to invest.  He is a founding member of several IPSS, where he contributes as a volunteer, namely Entre-Ajuda, the Food Bank Against Hunger, BUS and Quinta Essência - Rehabilitation projects for persons with disabilities  Also on an individual basis, he gave several lectures at various universities on the experience of working life and entrepreneurship.  On a personal level, he enjoys spending his free time with his family, playing sports and attending cultural events and exhibitions

Alexander Sommerville Gibson

Professional Experience 2003 – Current Sociedade Comercial Orey Antunes, S.A. 2010 – Current: Non-executive Director 2003 – Current: Acting as representative in United Kingdom 1999 – 2003 Whitney Group (major international recruitment consultancy) Director 1987 – 1999 Tyzach & Partners Director and Partner. Tyzach & Partners was bought by Whitney Group in 1999 Chemical Bank 1977 – 1987 1984 – 1987: Managing Director, in charge of all investment banking business outside USA 1977 – 1984: Executive Director of Chemical Bank International in London, in charge of all international syndication operations 1970 – 1977 London Multinational Bank Co-founder and Director. Shareholders of the Bank were Baring Brothers, Chemical Bank, Northern Trust of Chicago and Credit Suisse 1968 – 1970 Hill Samuel (major merchant Bank in London) Manager 1966 – 1968 First National City Bank (now CitiBank)

Education

Received a MA at the University of Oxford (Corpus Christi College) in Classics and Philosophy.

Francisco van Zeller (Vogal)

Professional Experience

2010 – Atual. Sociedade Comercial Orey Antunes, S.A.

Non-Executive Director

Hovione Holdings Ltd

Non-Executive Director

2000 – Atual. AssetGest SGPS (family company)

Chairman of the Board

2010 – 2011 CPI, Conselho para a internacionalização (Internationalization Council)

President

2002 – 2010 Confederação da Indústria Portuguesa (Portuguese Confederation of Industry)

President

1998 – 2002 Grupo Ferro Corporation

European Director for M&A

1996 – 2002 Associação Portuguesa das Empresas Químicas, APEQ (Portuguese Association of Chemical Industries)

President

Ferro Portugal, S.A

Chairman of the Board

1967 – 1996 Metal Portuguesa S.A.

Director and COO

1961 – 1964 Fábrica do Braço de Prata (Serviço Militar)

Chemical Department Manager

Education

Chemical Engineer from Instituto Superior Técnico Tristão José da Cunha Mendonça e Menezes (Vogal)

Professional Activities

2010 – Actual. Sociedade Comercial Orey Antunes, SA. Non-Executive Director 2004 – Actual. Orey Financial - Instituição Financeira de Crédito, S.A. Non-Executive Director 2010 – 2015: Director and Member of the Executive Comittee 2004 – 2010: Non-Executive Chaiman 1999 – 2004 First Portuguese Group Non-Executive Chaiman 1995 – 1997 Banco Mello de Investimentos (Grupo José de Mello) President of the Executive Comission - José Mello Financial Holding Company Non-Executive Director of the Banco Mello Comercial 1987 – 1994 Banco Essi (Espírito Santo Group) Executive Chairman SAPEC Non-Executive Director 1979 – 1986 Saudi International Bank Manager in charge of the Banking Area

1979 – 1986 London Continental Bankers in London International Marketing Bank

1979 – 1986 London Multinational Bank Marketing Manager and later Assistant Director

1967-1975 Banco Totta e Açores

International Division

Education Background

Law Degree by the Lisbon Law University and various financial an marketing courses in Portugal, UK and USA.

JOSÉ SOARES BARROSO

PROFESSIONAL AND ACADEMIC QUALIFICATIONS

• “Senior Partner” of BDO & Associados, SROC • University Degree in Management • Certified Public Accountant

PROFESSIONAL EXPERIENCE

• Years of activity in BDO: 35. Large experience in different sectors. [email protected] • • Experience in international jobs. • Partner responsible for Audit and Consultancy Direct: + 351 217 990 423 services delivered to national and international Clients. Mobile: + 351 937 990 423 • wide experience on delivering other services to large and medium sized companies as: Management consulting, Valuations Feasibility studies and Restructuring projects. Av. da República, 50-10º • Member of the Supervisory Board of various 1069-211 Lisboa companies representing BDO. • Member of the Supervisory Board of Águas do AlgarveI, SA; Cooperativa Agrícola do Funchal and Sociedade Comercial Orey Antunes, SA (since 2007).

Number of SOCIEDADE COMERCIAL OREY ANTUNES, S.A (SCOA) shares held

• Does not own any shares of SCOA

Curriculum vitae

Acácio Pita Negrão

I. Personal information

Nationality Portuguese Date of birth 24/05/1975 Residence Lisbon Mobile phone + 351 91 618 42 18 E-mail [email protected] Marital status Married Bar Association number 16260-L

II. Literary Skills

Masters in Labour Law - Universidade Católica 2009 – 2012 Portuguesa – Final grade 17 Post-Graduation in Tax Management ISEG (IDEFE) – 2004 – 2005 Final grade 15 Post-Graduation in Markets, Institutions and Financial 1999 – 2000 Instruments - Bolsa de Derivados do Porto, NovaForum and Faculdade de Direito de Lisboa – Final grade 15 Law Degree - Faculdade de Direito da Universidade de 1993 – 1998 Lisboa – Final Grade 12 1978 – 1993 “Lycée Français – Charles Lepierre” – Baccalauréat

III. Professional Experience

Co-founder of Plen – Sociedade de Advogados, RL, of which he is currently partner and director. Practice of law SInce 2007 on an exclusive basis. Areas of activity: Labour Law and Litigation. Abreu & Marques e Associados, Lisbon, subsequently named Abreu & Marques, Vinhas e Associados, as 2000 – 2007 “Junior Associate” and then “Associate”. Areas of activity: Labour Law and Litigation, Commercial Law and Tax Law. Professional Traineeship in “Pena, Machete & 1998 – 2000 Associados”, later “PMBGR” Areas of activity: Commercial, Civil and Tax Litigation Employed in the Market Room (Financial Department) of 1998 Banco Mello, managing the “Foreign Branches”.

1 IV. Other Professional Experience

President of the General Assembly of Aluflow, S.A.

President of the General Assembly of Sodisal – Z6, S.A.

Managing Partner of AALPN – Recursos Humanos, Lda

Vice-President of the Justice Counsel of the Portuguese Aeronautic Federation

V. Publications

“Corporate Acquisitions and Mergers – Portugal” – Kluwer Law International, 2001 (co- author Dr. Paulo Lowndes Marques)

“Getting the deal through mergers and acquisitions” – Law Business Research, 2001 (co-author Dr. Jorge de Abreu)

“Reintegration as consequence of an unlawful dismissal” – Law and Social Studies Magazine, Almedina, January-September 2013, Year LIV, pages 177 a 232.

“Study of the main modifications introduced by law nr. 3/2013, of 14 de January, in the Dockers Work” in “Studies dedicated to Professor Doutor Bernardo da Gama Lobo Xavier”, Direito e Justiça, Universidade Católica Editora, Volume I, pages 33 a 67.

VI. Languages

French Fluent, spoken and written (including legal French). English Fluent, spoken and written (including legal English). Spanish Fluent spoken; basic written

Lisbon, July 13 2017

Curriculum vitae

Nuno de Deus Pinheiro

I. Personal information

Nationality Portuguese Date of birth 26/04/1974 Residence Lisbon Mobile phone + 351 91 663 27 73 E-mail [email protected] Bar Association number 17169-L

II. Literary Skills

Graduation in Public Procurement University of Lisbon, 2007 Faculty of Law Graduation in Securities law, University of Lisbon, Faculty 2000 of Law Master on International and Comparative Law, Vrije From 1998 to 1999 Universitait Brussel, Belgium From 1992 to 1998 Law Degree, Catholic University of Lisbon, Faculty of Law

III. Professional Experience

Chairman of the Unitholders’ Meeting of the private equity fund Since 2012 Ask Capital Chairman of the Unitholders’ Meeting of the private equity fund Since 2012 Ask Celta Chairman of the General Meeting of private equity management Since 2012 company ISQ Capital – Sociedade de Capital de Risco, SA Since 2011 Chairman of the General Meeting of Clube do Autor SA Member of the Board of Auditors (“Conselho Fiscal”) of Since 2009 Sociedade Comercial Orey Antunes, SA Chairman of the General Meeting and member of the Board of Auditors of ACAI – Associação de Empresas de Consultoria Since 2008 e Avaliação Imobiliária (association of the major office Portuguese agents) Chairman of the General Meeting of CaleiraEterna – Fabrico e Since 2008 Comércio de Componentes e Máquinas para Caleiras SA Since 2007 Company Secretary of American Appraisal, Lda. Co-founder of Plen – Sociedade de Advogados, RL, of which Since 2007 he is currently managing partner. Practice of law on an exclusive basis. From 2001 to 2007 Abreu & Marques, Vinhas e Associados, Lisbon, practice of

Curriculum vitae

Nuno de Deus Pinheiro

law on an exclusive basis as “Senior Associate”. 2001 Admitted to the Portuguese Bar Association Grupo Legal Português (in association with Simmons & From 1999 to 2001 Simmons), practice of law on an exclusive basis as “Trainee” Simmons & Simmons – Brussels Office, Belgium, practice of From 1998 to 1999 law on an exclusive basis as “Trainee”

IV – Other Professional Experience

Company Secretary of Jerónimo Martins, Lda.

Chairman of the General Meeting of Grupo Media Capital SGPS, S.A.

Chairman of the General Meeting of private equity management company ISQ Capital Brasil Sustentável Chairman of the General Meeting of Mogope, S.A. Chairman of the General Meeting of Massivsky, S.A.

Chairman of the General Meeting of Shilling Capital Partners, S.A.

V. Academic Experience

Lecturer of the course Public Procurement within the post- 2008 graduation programme on “Public Policy Management”, Administration and Languages Institute, Funchal, Portugal

VI. Publications

“How to buy a property in Portugal” – PLEN- Sociedade 2008 de Advogados, RL “A businessman’s guide to the Companies’ Code” - Abreu 2005 & Marques, Vinhas e Associados Master Thesis “State Aid to European Airlines in the 1999 Framework of European Competition Law” – Vrije Univesitait Brussel, PILC Publications

VII – Languages

English Fluent, spoken and written (including legal English). Spanish Fluent spoken; basic written French Basic, spoken and written

Lisbon, July 17 2017

Curriculum vitae

Tiago Ferreira de Lemos

I. Personal information

Nationality Portuguese Date of birth 10/07/1974 Residence Lisbon Mobile phone + 351 91 909 05 03 E-mail [email protected] Marital status Married Bar Association number 15551-L

II. Literary Skills

Advanced Programme in Public Private Partnerships (3rd 2006 Edition) Portuguese Catholic University, Faculty of Business and Economic Sciences Post-Graduation in Securities law, University of Lisbon, 2001 Faculty of Law From 1992 to 1997 Law Degree, University of Lisbon, Faculty of Law

III. Professional Experience

Member of the Board of Directors of the British-Portuguese Since 2016 Chamber of Commerce Since 2015 Chairman of the General Meeting of Oceanário de Lisboa, SA Chairman of the General Meeting of Waterventures Since 2015 Consultoria, Projectos e Investimentos, S.A. Since 2013 Vice-Chair of the General Meeting of Estoril-Sol, SGPS, SA Secretary of the Unitholders’ Meeting of the private equity fund Since 2012 Ask Capital Secretary of the Unitholders’ Meeting of the private equity fund Since 2012 Ask Celta Chairman of the General Meeting of the companies Alfasom – Sonorização e Audiovisuais, Tecniaudio – Audiovisuais, From 2009 to 2012 S.A. e Tecnilaser – Equipamento e Tecnologia Laser, S.A. (Alfasom/Alfanext Group) Vice-Chair of the General Meeting of Média Capital, SGPS, From 2007 to 2015 SA. (media group) and T.V.I. - Televisão Independente, S.A. (general TV channel) Secretary of the General meeting of Jerónimo Martins, From 2007 to 2015 SGPS, SA. (major Portuguese distribution group)

Curriculum vitae

Tiago Ferreira de Lemos

Co-founder of Plen – Sociedade de Advogados, RL, of which Since 2007 he is currently partner and director. Practice of law on an exclusive basis. Member of the Remuneration Committee and Secretary of the From 2005 to 2007 General Meeting of Carmo, SGPS, SA Member of the Board of Directors of Finupe, SGPS, SA, From 2003 to 2009 (previously Finupe – Consultores de Gestão, SA) Abreu & Marques, Vinhas e Associados, Lisbon, practice of From 2002 to 2007 law on an exclusive basis as “Senior Associate”. Slaughter and May, London (“Overseas Lawyers Secondment 2002 Programme”) From 2002 to 2004 Company Secretary of Tintas Robbialac, SA Abreu & Marques e Associados, Lisbon subsequently named From 1999 to 2002 Abreu & Marques, Vinhas e Associados, from September 2001, as “Junior Associate” and “Associate”. 1999 Admitted to the Portuguese Bar Association Abreu & Marques e Associados, Lisbon, professional From 1997 to 1999 traineeship under the supervision of Dr Jorge Abreu, founding partner of the firm.

Lisbon, November 11, 2016