Dividends The AGM of Portugal Telecom approved the payment of a cash dividend of Euro 0.575 per share for the fiscal year ending 31 December 2009, to be paid on the next 14 May 2010.

Portugal Telecom has also approved the intention to submit to the corresponding AGMs the same level of dividends per share (Euro 0.575) for the years ending 31 December 2010 and 2011, subject to market conditions, PT’s financial condition and other factors considered relevant by the Board at the time.

Dividends in Euros     Year Gross Net Payment date Ex-date Releases             2009             0.575 0.460 14.05.10    11.05.10     html              2008 0.575 0.460 24.04.09 21.04.09  html 2007 0.575 0.460 24.04.08 21.04.08  html 2007* 1.616 1.293 07.11.07 30.10.07  html 2006  0.475 0.380 18.05.07 15.05.07  html 2005  0.475 0.380 19.05.06 16.05.06  html 2004   0.35  a) 0.32375 b) 0.30625 27.05.05 24.05.05  html 2003   0.22 a) 0.2035  b) 0.1925 30.04.04 27.04.04  html 2002   0.16 a) 0.140  b) 0.132 02.05.03 28.04.03  html 2001  0.10 a) 0.0875  b) 0.0825 23.05.02 20.05.02  html 1999**   0.20 0.17 26.05.00 23.05.00  html 1998   1.01 0.89 19.05.99 14.05.99  html 1997   0.88 0.73 21.05.98 18.05.98  html 1996   0.69 0.61 30.04.97 24.04.97   1995   0.45 0.40 29.04.96 22.04.96

a) Residents b) Non-residents * 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.

Last Update: 20 Apr 2010