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Registry of PT1BJM

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10/0590

NOTICE N.º 0590/10

We hereby inform that, on 21th May, 2010, 3.140 units of commercial paper, with a nominal value of 50.000,00 EUR, of the company Portugal Telecom - S.G.P.S., S.A., shall be registered, regarding the issue "PT S.G.P.S. - 478ª Emissão PC - PRG 425M EUR (BST)", under the code PT1BJM.

This issue will be cancelled on 21th June, 2010.

INTERBOLSA, 20th May, 2010