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Capital increase of PCN AM

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11/1549

NOTICE N.º 1549/11

We hereby inform that, on 26th October, 2011, subsequent to the capital increase, of the company PT Comunicações, S.A. from 1.150.000.000,00 to 2.748.500.000,00 EUR, the nominal value has been changed from 1,00 to 2,39 EUR, under the code PCN AM.

INTERBOLSA, 27th October, 2011