Shareholder Structure *

EFANOR
62.781%

+

QUALIFIED SHAREHOLDINGS**
8.701%

+

FREE FLOAT
28.518%

=

SONAE CAPITAL
SGPS, SA
100%

* As at 31 March 2018

**Shares held by other shareholders that individually own more than 2% of the voting rights. Includes 1.643% of own shares.