Portugal Telecom, SGPS S.A. (“PT”) informs that The Income Fund of America, Inc. (“IFA”) now holds less than 2% of the voting rights corresponding to the share capital of PT.
Such new holding resulted from the disposal, on 31 January 2012, on regulated market, of a total of 2,171,404 PT shares.
As a result of the above mentioned transaction, a holding of 17,670,082 ordinary shares representing 1.97% of PT’s share capital and corresponding voting rights is now attributed to IFA.
PT was further informed that IFA has granted proxy voting authority to Capital Research and Management Company, its investment adviser.
This statement is pursuant to the terms and for the purposes of article 17 of the Portuguese Securities Code and the Portuguese Securities Commission Regulation no. 5/2008, following a communication received by fax from IFA, with registered office at 333 South Hope Street, 55th floor, Los Angeles, California 90071, U.S.A..