Portugal Telecom, SGPS S.A. (“PT”) informs that The Royal Bank of Scotland Group Plc (“RBS”) now holds more than 2% of the voting rights corresponding to the share capital of PT.
Such new holding resulted from the acquisition by The Royal Bank of Scotland, N.V., on 21 December 2010, on regulated market, of 1,799,253 PT ordinary shares. As a result of the above mentioned transaction, a holding of 19,720,324 ordinary shares representing 2.20% of PT’s share capital and corresponding voting rights is now attributed to RBS.
Additionally, PT was informed that such holding is directly held by The Royal Bank of Scotland, N.V., which is controlled by RBS Holdings, N.V., which, in turn, is controlled by RFS Holdings B.V.. This latter entity is a subsidiary of RBS.
This statement is pursuant to the terms and for the purposes of article 17 of the Portuguese Securities Code, following a communication received from RBS, with registered office at 36 St. Andrew Square, Edinburgh, EH21YB, U.K..