Conversion into definitive securities of ZARBOM--R to ZARBOM

NOTICE N.º 1016/12

We hereby inform that the bonds representing the debenture loan "Zara Portugal/2012 - 2027", of Zara - Portugal - Confecções, Unipessoal, LDA, registered under the code ZARBOM--R, took on 31^th July, 2012, the code ZARBOM.

INTERBOLSA, 31^th July, 2012