COMUNICADO. Porto, 20 de Outubro de A Administração

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1 ALTRI, SGPS, S.A. Sociedade aberta Sede: Rua do General Norton de Matos, 68 - R/C, Porto Capital Social: Euros Matriculada na Conservatória do Registo Comercial do Porto sob o número único de matrícula e identificação fiscal COMUNICADO Nos termos do n.º 1 do artigo 17.º do Código dos Valores Mobiliários, informa-se ter recebido, em 20 de Outubro de 2016, uma notificação de JP Morgan Asset Management Holdings Inc., reproduzida em anexo, a informar que no dia 18 de Outubro de 2016, deixou de deter uma participação qualificada na ALTRI, SGPS, S.A. Porto, 20 de Outubro de 2016 A Administração

2 * esma European Securities and Markets Authority *** Date:22 October 2015 ESMN2O1 5/1597 Standard form for notification of major holdings NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the competent authority) 7. Identity of the issuer or the underlying issuer of existing shares to which voting rights are at tached: Altri, SGPS, S.A. 2. Reason for the notification (please tick the appropriate box or boxes): [X] An acquisition or disposal of voting rights [JAn acquisition or disposal of financial instruments []An event changing the breakdown of voting rights [1 Other (please specify) : 3. Details of person subject to the notification obligation : Name: JPMorgan Asset Management City and country of registered office (if applicable): New York / Holdings Inc. U.S.A 4. Full name of shareholder(s) (if different from 3.) : JPMorgan Asset Management (UK) Limited 5. Date on which the threshold was crossed or reached: 18 October Total positions of person(s) subject to the notification obligation: Resulting situation on the date on which threshold was crossed or reached Position of previous notification (if appli cabl& Total number of through financial in- Total of both in % attached to shares voting rights of struments (7.A + 7.B) (total of 7.A) issuervi (total of 7.B B.2) 1.87% 0.01% 1.88% 205,131, % 0.01% 2.12% 1

3 * *** 7. Notified details of the resulting situation on the date on which the threshold was crossed or reached : A: Voting rights attached to shares Class/type of Number of voting rightsx (if Direct Indirect Direct Indirect (Art 9 of Directive (Art 10 of Directive (Art 9 of Directive (Art 10 of Directive LRe) 2004/109/EC) 2004/109/EC) 2004/109/EC) 2004/109/EC) PTALTOAE0002 3,841, % SUBTOTAL A 3,841, % B 7: Financial Instruments according to Art. 13f7)(a) of Directive EC Number of voting rights Type of financial Expiration Exercise! that may be acquired if 0/ 0 of votin ri hts instrument datex g g Conversion Period the instrument is exercised? converted. SUBTOTAL 8.1 2

4 * B 2: Financial Instruments with similar economic effect according to Art. 73(7)(b) of Directive 2004/7 09/EC Exercise! Type of financial Expiration Physical or cash Number of. Conversion.. instrument datex. settlement voting rights Period Equity Swap N/A N/A Cash settlement 1 1, % SUBTOTAL B.2 17, % 8. Information in relation to the person subject to the notification obligation (please tick the applica ble box): []Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer. [X] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity1: Name SEE SECTION 70 if it equals or is higher than the notifiable threshold through financial in struments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold 3

5 * 9. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date] JO. Additional information : This notification is made pursuant to the implementation of the Amended Transparency Directive and is not necessarily the result of a transaction. Chain of controlled undertakings: JPMorgan Asset Management Holdings Inc. JPMorgan Asset Management International Limited (100%) JPMorgan Asset Management Holdings (UK) Limited (100%) JPMorgan Asset Management (UK) Limited (100%) Done at [London] on [20 October 2016]. 4

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