Pursuant to the terms of sub paragraph e) of no. 2 and no. 3 of article 2 of the Portuguese Securities Market Commission’s Regulation no. 11/2000 and the decision of the Shareholders’ Meeting of April 23, 2002, Shareholders are hereby informed that the following 2001 dividends shall be paid on May 23, 2002, as set out below:
| Valores em Euros |
Resident Shareholerts |
Non Resident Shareholders |
"A" Shares |
| Gross Dividend |
0.100 |
0.100 |
0.100 |
| Witholding Tax IRS/IRC (7,5%) (a) |
0.0075 |
0.0125 |
- |
| Witholding Tax IRS/IRC (15%) |
- |
- |
0.015 |
| Inheritance and Gift Tax (5%) |
0.005 |
0.005 |
- |
| Net Dividend |
0.0875 |
0.0825 |
0.085 |
(a) Resulting from the application of the fiscal benefit referred to in article 59 of the Statute of Fiscal Benefits.
Payment shall be made through the Securities Clearing House pursuant to the terms of article 53 of the Regulation no. 3/2000 and Circular no. 1/2000 of Interbolsa. Shareholders entitled to an exemption or legally dispensed from withholding tax should provide the company with evidence thereof, up to 5 working days prior to the date upon which the dividend is payable.
As of May 20, 2002 (ex-date), the trading of PT shares on the Stock Exchanges will not grant dividend rights. Record date: May 22, 2002.