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Registry of PT1NJM

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10/1388

NOTICE N.º 1388/10

We hereby inform that, on 29th October, 2010, 1.260 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. - 495ª Emissão PC - PRG 425M EUR ", under the code PT1NJM.

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

INTERBOLSA, 28th October, 2010