Shareholder structure

The corporation's capital is owned by the following entities:

 Shareholder  # of Stocks  % Capital  % Vote (1)
 José Mello Investimentos SGPS, S.A. 182 683 904  30,45% 33,06%
 Arcus European Infrastructure Fund GP LLP 114 557 795 19,09% 20,73%
 Tagus holding S. àr. I. 243 497 061
 40,58% 44,06%

(1) # of own shares = 47 352 614