Conversion into definitive securities of ZONCOE--R to ZONCOE

NOTICE N.º 1496/10

We hereby inform that the bearer bonds representing the debenture loan "ZON Multimédia/2010 - 2014", of ZON Multimédia - Serviços de Telecomunicações e Multimédia - S.G.P.S., S.A., registered under the code ZONCOE--R, took on 22^th November, 2010, the code ZONCOE.

INTERBOLSA, 22^th November, 2010