Portugal Telecom, SGPS S.A. (“PT”) informs that The Income Fund of America, Inc. (“IFA”) now holds more than 5% of the voting rights corresponding to the share capital of PT.
Such new holding resulted from the acquisition, on 29 November 2010, on regulated market, of a total of 545,319 PT shares.
As a result of the above mentioned transaction, a holding of 45,091,419 ordinary shares representing 5.03% of PT’s share capital is now attributed to IFA.
PT was further informed that IFA has granted proxy voting authority to the 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 IFA, with registered office at 333 South Hope Street, 55th floor, Los Angeles, California 90071, U.S.A..