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Shareholder meeting 27 March 2009 The Annual General Meeting of Portugal Telecom, SGPS, S.A. took place, in 27 March 2009. Were present or represented shareholders corresponding to 61% of the voting rights, the following matters were discussed and approved:
Proposals

For

Against

Abstain

1. To resolve on the management report, balance sheet and accounts for the year 2008 98.23%

0.02%

1.75%

2. To resolve on the consolidated management report, balance sheet and accounts for the year 2008 99.98% 0.02% 0.00%
3. To resolve on the proposal for application of profits and distribution of reserves 99.99% 0.00% 0.01%
4. To resolve on a general appraisal of the Company’s management and supervision 99.96% 0.03% 0.00%
5. To resolve on an amendment to number 1 of article 18 of the Company’s Articles of Association 79.80% 20.01% 0.19%
6. To resolve on the election of the members of the corporate bodies and of the Compensation Committee for the 2009-2011 term of office 79.51% 19.78% 0.71%
7. To resolve on the election of the Chartered Accountant, effective and alternate, for the 2009-2011 term of office 99.96% 0.00% 0.04%
8. To resolve on an amendment to number 4 of article 13 of the Company’s Articles of Association 99.97% 0.02% 0.01%
9. To resolve on the acquisition and disposal of own shares 99.95% 0.05% 0.00%
10. To resolve, pursuant to number 4 of article 8 of the Articles of Association, on the parameters applicable in the event of any issuance of bonds convertible into shares that may be resolved upon by the Board of Directors 100.00% 0.00% 0.00%
11. To resolve on the suppression of the pre-emptive right of shareholders in the subscription of any issuance of convertible bonds as referred to under item 9 hereof as may be resolved upon by the Board of Directors 83.50% 13.24% 3.26%
12. To resolve on the issuance of bonds and other securities, of whatever nature, by the Board of Directors, and notably on the fixing of the value of such securities in accordance with number 99.96% 0.04% 0.00%
13. To resolve on the acquisition and disposal of own bonds and other own securities. 99.96% 0.04% 0.00%

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