Further to the release disclosed to the market on 15 June, Portugal Telecom, SGPS S.A. informs that the Chairman of the Board of the General Meeting rejected the request received from Telefónica, S.A. for the inclusion of a new item on the agenda of the General Shareholders’ Meeting convened for 30 June 2010. The full text of the decision of the Chairman of the Board of the General Meeting is attached hereto (Portuguese version).