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Registry of PT1ZJM

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10/1231

NOTICE N.º 1231/10

We hereby inform that, on 23th September, 2010, 1.660 units of commercial paper, with a nominal value of 50.000,00 EUR, of the company Portugal Telecom - S.G.P.S., S.A., were registered, regarding the issue "PT SGPS-491ª EM.PC-PRG.425M EUR", under the code PT1ZJM.

This issue will be cancelled on 22th October, 2010.

INTERBOLSA, 22th September, 2010