Portugal Telecom, SGPS S.A. (“PT”) hereby informs that Deutsche Bank AG now holds a qualified holding and a long position corresponding to more than 2% of PT’s share capital and corresponding voting rights.
Such new qualified holding and long position resulted from the acquisition by Deutsche Bank AG, London Branch, on 10 December 2010, of 9,000,000 PT ordinary shares in an over the counter transaction. As a result of such transaction, Deutsche Bank AG now holds a qualified holding and a long position on a total of 22,014,272 ordinary shares representing 2.46% of PT’s share capital and corresponding voting rights.
PT was further notified of a change in the composition of Deutsche Bank AG’s qualified shareholding, also on 10 December 2010, which resulted from Deutsche Bank AG, London Branch lending to a client, until 28 December 2010, 9,000,000 PT shares, representing 1.00% of PT’s share capital and corresponding voting rights. Deutsche Bank AG, London Branch, was the direct holder of such shares.
The qualified holding, as well as the voting rights attached to the shares included in the long position described above, are attributed to Deutsche Bank AG through the following entities:
> Deutsche Bank AG: 15,211,472 ordinary shares (corresponding to 6,211,472 shares held directly and 9,000,000 shares lent) representing 1.70% of the share capital and voting rights in PT;
> Deutsche Asset Management Investmentgesellschaft mbH: 138,333 ordinary shares representing 0.02% of the share capital and voting rights in PT;
> Deutsche Asset Management (Japan) Limited: 4,732 ordinary shares representing 0.001% of the share capital and voting rights in PT;
> Deutsche Investment Management Americas Inc: 130,429 ordinary shares representing 0.01% of the share capital and voting rights in PT;
> DWS Investment GmbH: 5,883,260 ordinary shares representing 0.66% of the share capital and voting rights in PT;
> DWS Investment SA, Luxembourg: 563,289 ordinary shares representing 0.06% of the share capital and voting rights in PT;
> Frankfurt-Trust Investment-Gesellschaft mBH: 82,757 ordinary shares representing 0.01% of the share capital and voting rights in PT.
This statement is pursuant to the terms and for the purposes of article 17 of the Portuguese Securities Code and article 2-A of the CMVM Regulation no. 5/2008, following communication received from Deutsche Bank AG London, with offices at 23 Great Winchester Street, London EC2P 2AX, United Kingdom.