Portugal Telecom, SGPS, S.A. (“PT”) informs that UBS AG now holds more than 2% of the voting rights corresponding to the share capital of PT.

Such new holding resulted from the acquisition, on 8 Abril 2009, of a total of 1,100,000 PT ordinary shares through a transaction executed over the counter, made by UBS AG, Zurich and Basel, with offices at Bahnhofstrasse 45, P.O. Box, CH-8098 Zurich and Aeschenvorstadt 1, P.O. Box, CH-4051 Basel, Switzerland.

As a result of such transaction, a total of 18,839,446 PT ordinary shares representing 2.10% of PT’s share capital and corresponding voting rights is now attributed to UBS AG.