MANAGEMENT TRANSACTIONS | Porto | March 18, 2014 Soares da Costa Group informs on Reduction of Qualified Shareholding and Management Transactions

Grupo Soares da Costa SGPS, SA informs that, received today a communication from
Parinama - Participações e Investimentos, SGPS, SA, giving note of the following:
"The above text refers to the statement sent by us to Grupo Soares da Costa, SGPS, SA on February 14, 2014, relating to the reduction of our qualifying holding in Grupo Soares da Costa SGPS, SA (hereinafter, the "Soares da Costa) communication.
Following such notification, was Parinama - Participações e Investimentos, SGPS, SA (formerly Numercomplet, SGPS, Lda Unipessoal), headquartered at Rua Tierno Galvan - Amoreiras, Tower 3, 3, Fractions "DI", "DJ" and "DK, in Campo de Ourique, Lisbon 1070 -
274, registered at the Commercial Registry Office of Lisbon under the sole registration number 509 016 987, with share capital of € 50,000.00, ("Parinama") informed by the Commission of the Securities Market ("CMVM") that Parinama must be classified as "manager" in Soares da Costa for the purposes of Article 248-B of the Securities Code and article 14. of CMVM's Regulation no. 5/2008, whereby and according to those principles, we provide the following additional information:
(i) On January 17, 2014, Parinama sold through transactions on the regulated market (Euronext Lisbon), 11,300 shares of Soares da Costa for €0.60/ per share;
(ii) Also on January 17, 2014, Parinama sold through transactions on the regulated
market (Euronext Lisbon), 12,200 shares of Soares da Costa for €0.61/ per share;
(iii) On January 21, 2014, Parinama sold through transactions on the regulated
market (Euronext Lisbon), 261,822 shares of Soares da Costa for €0.53/ per share;
(iv) Also on January 21, 2014, Parinama sold through transactions on the regulated market (Euronext Lisbon), 112,978 shares of Soares da Costa for €0.52/ per share;
(v) On January 29, 2014, Parinama sold through transactions on the regulated market (Euronext Lisbon), 269,248 shares of Soares da Costa for €0.49/ per share;
(vi) On January 30, 2014, Parinama sold through transactions on the regulated market (Euronext Lisbon), 1,537 shares of Soares da Costa for €0.48/ per share;
(vii) Also on January 30, 2014, Parinama sold through transactions on the regulated market (Euronext Lisbon), 813,215 shares of Soares da Costa for €0.47/ per share;
(viii) On February 11, 2014, Parinama sold through transactions on the regulated market (Euronext Lisbon), 575,114 shares of Soares da Costa for €0.50/ per share;
(ix) Following the disposals mentioned above, on February 11, 2014, Parinama held less than 10% of the share capital and voting rights of Soares da Costa, holding on that date 15,440,886 shares, representing 9.65% of the share capital and voting rights of Soares da Costa;
(x) The voting rights held by Parinama in Soares da Costa are also attributable to Ms.

Ana Maria Martins Caetano, with tax number 158 654 137, that fully owns the share capital of Parinama.

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We further inform that, under the terms and for the purposes of Article 248-B of the Securities Code and article 14 of CMVM's Regulation 5/2008, subsequent to the disposals referred to above:
(i) On February 12, 2014, Parinama sold through transactions on the regulated market (Euronext Lisbon), 348,469 shares of Soares da Costa for €0.50/ per share;
(ii) On February 13, 2014, Parinama sold through transactions on the regulated market (Euronext Lisbon), 72,000 shares of Soares da Costa for €0.50/ per share;
(iii) On February 18, 2014, Parinama sold through transactions on the regulated market (Euronext Lisbon), 446,111 shares of Soares da Costa for €0.46/ per share;
(iv) On February 20, 2014, Parinama sold through transactions on the regulated market (Euronext Lisbon), 1,000,000 shares of Soares da Costa for €0.423/ per share;
(v) Also on February 20, 2014, Parinama sold through transactions on the regulated market (Euronext Lisbon), 577,021 shares of Soares da Costa for €0.42/ per share;
(vi) On February 28, 2014, Parinama sold through transactions on the regulated market (Euronext Lisbon), 863,000 shares of Soares da Costa for €0.42/ per share;
(vii) On March 5, 2014, Parinama sold through transactions on the regulated market
(Euronext Lisbon), 50,240 shares of Soares da Costa for €0.42/ per share;
(viii) On March 6, 2014, Parinama sold through transactions on the regulated market
(Euronext Lisbon), 75,000 shares of Soares da Costa for €0.42/ per share;
(ix) On March 7, 2014, Parinama sold through transactions on the regulated market
(Euronext Lisbon), 119,000 shares of Soares da Costa for €0.42/ per share;
(x) On March 10, 2014, Parinama sold through transactions on the regulated market
(Euronext Lisbon), 100,000 shares of Soares da Costa for €0.42/ per share.
Following the disposals mentioned above, on March 10, 2014, Parinama held on that date 11,790,045 shares, representing 7.37% of the share capital and voting rights of Soares da Costa; the voting rights held by Parinama in Soares da Costa are also attributable to Ms. Ana Maria Martins Caetano, with tax number 158 654 137, that fully owns the share capital of Parinama.".

Grupo Soares da Costa, S.G.P.S., S.A.

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