Description of Shareholders

Institute of Financing for Agriculture and Fishing, I.P.

IFAP, I.P., is a private institute that is indirectly administered by the Portuguese state, having administrative and financial autonomy and its own assets.

IFAP’s primary mission is to proceed with the authorization and validation of current payments which finance the application of a variety of measures, defined by Portugal or the European Union, in the areas of agriculture, rural development, fishing, and related areas, as well as to propose IT and communications strategies and technologies for the Portuguese Ministry of Agriculture, Rural Development and Fishing (MADRP).

Caixa Geral de Depósitos, S.A.

The Caixa Geral de Depósitos was founded in 1876 and established as the Portuguese State Bank whose principal functions were the receipt of deposits and the management of public debt. Later, its operations were broadened to investment banking and savings.

Presently, the Caixa Geral de Depósitos is the largest bank in Portugal, with its mission being to bring a multitude of services from the CGD Group to its customers and to strengthen its position amongst other banking institutions in Portugal via its leadership position with respect to the competition, its emphasis on ethics, and its solid financial position.

Novo Banco, S.A.

The Banco Espírito Santo Group’s primary mission is value-creation for its customers, employees, and shareholders. Underlying this is its fundamental mission of aligning a strategy which will constantly strengthen and sustain its competitive position in the market, while maintaining total respect for the interests and well-being of its customers and employees. Also seen as some of its ongoing duties are the company’s increasingly broader and more proactive contributions to social, cultural, and environment development of the country.

Crédito Agrícola – SGPS S.A.

The Crédito Agrícola Group is a financial group on the Portuguese national scene, which is composed of a vast number of local bank branches (“Caixa Agrícolas”) as well as specialized businesses, benefitting from the centralized structure of the Caixa Central de Crédito Agrícola Mútuo, a banking institution with authority in terms of supervision, guidance, and follow-up of the Caixas Associadas and Fenacam, an institution which represents the agricultural Cooperatives and offers specialized services for the Group.

Operations in the Crédito Agrícola Group are directed toward sustaining the Crédito Agrícola bank branches, themselves true dynamizing hubs of the local rural economy and which, given their autonomy and integrated role in their respective regions of Portugal, are in a unique position to understand the realities of the business and economic fabric of rural Portugal, and the challenges which face economic and social progress on the local level.

Banif - Banco de Investimento, S.A.

Banif - Banco de Investimento, S.A. was founded on 15 December 2000 with a share capital of €40 million euros, resulting from the separation of Ascor Dealer, the former brokerage firm in the Group. The main focus of the Bank is to offer excellent, personalized service to customers based on the strategic principles of flexibility, professionalism, and selectivity of business opportunities. The investment bank activities are led by a wide-ranging team of professionals with significant financial experience and ability to innovate, underpinned by performance where discretion, ethics, and confidentiality are stressed.  Access to exclusive markets and specific information based on recourse to sophisticated technology-based platforms, and associations with international partners within the Banif Group are what allow for the creation of synergies which give this team the ability to efficiently and rapidly make the best financial solutions available when confronted with the new demands of the market

Europac Portugal – SGPS, S.A.

The EUROPAC Group is a leader in the packaging sector on the Iberian Peninsula, dedicating its activities to the production of paper products, corrugated paper, cardboard and packaging in order to provide the market with a greater range of quality products. Among the basic principles of our business activity are self-sufficiency in terms of energy, care and respect for the environment, and the development of innovative products. Currently, Europac has 30 plants and 1,955 employees in Spain, France, and Portugal.