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Cancellation of equity of Instituto de Gestão da Tesouraria e do Crédito Público, I.P.

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08/1121

NOTICE N.º 1121/08

We hereby inform that, on 22th October, 2008 and by indication of the Issuer, one has cancelled the ordinary bonds mentioned below:

Code Canceled Amount Amount in circulation
OTE1OE 6.400.000.000 600.000.000.000
OTELOE 5.800.000.000 608.282.200.000
OTEYOE 5.900.000.000 608.646.400.000

INTERBOLSA, 22th October, 2008