Portugal Telecom, SGPS S.A. (“PT”) informs that Barclays Plc now holds less than 2% of the voting rights corresponding to the share capital of PT.
Such new holding resulted of unwinding a physically settled swap contract on 3,860,000 shares representing 0.43% of PT’s share capital, by Barclays Capital Securities Ltd, on 1 June 2010.
This statement is pursuant to the terms and for the purposes of article 17 of the Portuguese Securities Code, following a communication received from Barclays Plc, with registered office at 1 Churchill Place, London E14 5HP, United Kingdom.