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Registry of PT1EJM

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10/0950

NOTICE N.º 0950/10

We hereby inform that, on 29th July, 2010, 3.540 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 SGPS-485ª EM.PC-PRG.425M EUR (BST)", under the code PT1EJM.

This issue will be cancelled on 30th August, 2010.

INTERBOLSA, 28th July, 2010