Société Anonyme

Registered Office: 22/24 boulevard Royal, L-2449 Luxembourg

R.C.S. Luxembourg B 22.232

Espírito Santo Financial Group S.A. announces changes in its Board of Directors

Luxembourg/Portugal - 3 September 2014 - Espírito Santo Financial Group S.A. ("The Company") (NYSE Euronext Lisbon: ESF; Bloomberg: ESF PL; Reuters ESF LS) informs on the following changes:
1. The following directors resigned from the Board of Directors: Mr. Ricardo Espírito Santo Silva Salgado- Chairman
Mr. José Manuel Pinheiro Espírito Santo Silva - Vice Chairman
Mr. Gherardo Laffineur Petracchini - Director
2. Mr. Roger H. Hartmann, Chief Executive Officer, was elected as Chairman of the
Board of Directors.
3. Mr. Caetano Espírito Santo Beirão da Veiga was co-opted as a Director. All the changes take place with immediate effect.

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