Conversion into definite securities of MOCJOE--R to MOCJOE

NOTICE N.º 0515/07

We hereby inform that the bonds representing the debenture loan "Modelo Continente/2007 - 2012", of Modelo Continente - Sociedade Gestora de Participações Sociais, S.A., registered under the code MOCJOE--R, took on 15^th May, 2007, the code MOCJOE.

INTERBOLSA, 15^th May, 2007