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Registry of PVLEJM

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12/1453

NOTICE N.º 1453/12

We hereby inform that, on 23th November, 2012, 10.000 units of commercial paper, with a nominal value of 50.000,00 EUR, of the company PARVALOREM, S.A., shall be registered, regarding the issue "PARVALOREM - 7ª Emissão PC 2011 - Prg 1 M EUR", under the code PVLEJM.

INTERBOLSA, 22th November, 2012