Portugal Telecom, SGPS S.A. (“PT”) informs that Europacific Growth Fund (“EUPAC”) now holds more than 2% of the voting rights corresponding to the share capital of PT.
Such new holding resulted from the acquisition, on 6 October 2010, on regulated market, of a total of 176,108 PT shares.
As a result of the above mentioned transaction, a holding of 18,061,608 ordinary shares representing 2.01% of PT’s share capital is now attributed to EUPAC.
PT was further informed that EUPAC has granted proxy voting authority to Capital Research and Management Company, its investment adviser.
This statement is pursuant to the terms and for the purposes of article 17 of the Portuguese Securities Code, following a communication received by fax from Europacific Growth Fund, with registered office at 333 South Hope Street, 55th floor, Los Angeles, California 90071, U.S.A.