ANNUAL GENERAL METTING 31 MARCH 2009 ANNUAL GENERAL MEETING OF 31 MARCH Subparagraph d) of paragraph no. 1 of article 289 of the COMPANIES CODE

Transcrição

1 BANIF - SGPS, SA A publicly traded company Registered at Funchal Company Registry Office Registered office: Rua de João Tavira, Funchal Share capital: 350,000,000 euros * Single company registration number: ANNUAL GENERAL METTING 31 MARCH 2009 ANNUAL GENERAL MEETING OF 31 MARCH 2009 Subparagraph d) of paragraph no. 1 of article 289 of the COMPANIES CODE Within the terms of the provisions of paragraph no. 1 of Article 12 of the Memorandum of Association, the governance bodies are "the General Meeting, the Board of Directors and the Audit Committee". In light of the requirements of subparagraph d) of paragraph no. 1 of Article 289 of the Companies Code, and points 10 to 12 of the Order of Business of the General Meeting in question, shareholders are hereby notified of the names of proposed members of the Board of the General Meeting, the Board of Directors and the Audit Committee (including in this context nomination of the Official Auditor, on a proposal from this last body), in accordance with the proposal to be submitted by the shareholder Rentipar Financeira SGPS, SA. Reference is made to their respective professional qualifications, the professional positions they have held in the last five years, in other companies and in the company itself, and to the number of shares they hold in the company. BOARD OF THE GENERAL MEETING Chairman: Prof. LUÍS MANUEL MOREIRA DE CAMPOS E CUNHA Associate Professor of Universidade Nova de Lisboa (Lisbon New University) and doctorate from Columbia University, New York Universidade Nova de Lisboa- Faculty of Economics - Associate Professorship in International Economics (1992) Columbia University- Department of Economics- Doctorate (Ph.D.) in Economics (1985) Columbia University - Department of Economics- "Master of Philosophy" (M.Phil.) in Economics (1983) Columbia University- Department of Economics - "Master of Arts" (M.A.) in Economics (1981) Universidade Católica Portuguesa (Portuguese Catholic University)- Licenciate Degree in Economics (1977) Current Positions Chair-holding Professor of the Faculty of Economics of Universidade Nova de Lisboa Member of the Board of Directors of the Serralves Foundation Chairman of the SEDES Coordinating Council Member of the Stakeholders Board of Banco Comercial Português.

2 Chairman of the Board of the General Meeting Banif Banco de Investimento, SA Member of the Advisory Committee Public positions Minister of State and of Finance (2005) Director of the Faculty of Economics of Universidade Nova de Lisboa (2002 to 2005) Vice-Governor of the Bank of Portugal (1996 to 2002) In this context he performed the following duties at international level: - Governor's alternate on the Governing Council of the European Central Bank - Member of the International Relations Committee of the European Central Bank - Member of the Monetary Committee/Economic and Financial Committee (until August 2000) Academic career He is currently chair-holding professor at Universidade Nova de Lisboa, and has lectured at other universities (Universidade Católica Portuguesa, Columbia University). Chair-holding professor (since 1995), associate professor ( ) and auxiliary professor ( ), Faculty of Economics, Universidade Nova de Lisboa. Guest Professor ( ), Faculty of Economic and Entrepreneurial Sciences, Universidade Católica Portuguesa. Lecturer, Course Leader, Columbia University (1983 to 1985) Lecturer, Universidade Católica Portuguesa ( ) Prizes and scholarships He has won various prizes and scholarships in Portugal and abroad, including the following: - Tinker Foundation Research Grant (New York) (1986 and 1992) - Alfred Sloan Doctoral Dissertation Fellowship.( ) - President's Fellow of Columbia University. ( ) - INIC scholarship ( ) Other relevant academic positions Advisor to Portuguese and foreign public and private institutions. Elected member of the senate of UNL (various years) Director of the Doctorate and Master's Degree Programme (PDM). Other activities He has presented studies at various seminars and has published various research papers in the field of international economics in Portugal and abroad. He is the author of various articles and civic interventions on economic and social questions published in newspapers and magazines. He does not hold any shares in Banif SGPS, S.A. Secretary: Dr. MIGUEL JOSÉ LUIS DE SOUSA Licenciate degree in Finance from Instituto Superior de Economia (Higher Institute of Economics)

3 Positions held in the last five years Manager of Empresa de Cervejas e Refrigerantes Melo e Abreu, of CERIS Sociedade Caboverdiana de Cerveja e Refrigerantes, SARL, of Corama Combustíveis da Madeira, Lda and Chairman of the Board of Santo da Serra Golf Club. Current positions Vice-Chairman of the Legislative Assembly of Madeira He is Vice-Chairman of the Board of the Portuguese Golf Federation, Chairman of the General Meeting of Santo da Serra Golf Club and of the Madeira Karting Association, Member of the Audit Committee of the Social Democrat Foundation and Member of the General Board of Clube Desportivo Nacional. Chief Executive Officer Empresa de Cervejas da Madeira, Lda Member of the Advisory Committee Banif SGPS, S.A. Secretary of the Board of the General Meeting Banif SGPS, S.A. Banif Banco Internacional do Funchal, S.A. He personally holds 618 shares in Commander HORÁCIO DA SILVA ROQUE Positions held in the last five years: BOARD OF DIRECTORS Mundiglobo Habitação e Investimentos, SA (Chairman of the Board of Directors, November 1989 to March 2005); Banif Seguros SGPS, SA (Chairman of the Board of Directors, April 2002 to July 2005), Banifundos Cisalpina SGFIM, SA (currently Banif Gestão de Activos SGFIM, SA (Chairman of the Board of the General Meeting, representing Rentipar SGPS, S.A, March 2000 to January 2004), Banif Securities Holdings, Ltd (Chairman of the Board of Directors, June 2001 to February 2005) Mundiplanos Planeamento e Construção, SA (Chairman of the Board of the General Meeting, March 1995 to December 2004), Banif Crédito, SA (Chairman of the Board of the General Meeting, representing Rentipar Financeira SGPS, SA, July 1993 to October 2007). Chairman of the Board of Directors Rentipar Financeira SGPS, SA Banif Comercial SGPS, SA Banif Banco Internacional do Funchal (Brasil), SA Banif - Banco de Investimento (Brasil), SA Banif Corretora de Valores e Câmbio, SA Banif - (Açores) - SGPS, SA Banif Investimentos, SGPS, SA Banif - Banco de Investimento, SA Banif International Holdings, Ltd. Companhia de Seguros Açoreana, SA

4 Renticapital - Investimentos Financeiros, S.A Chairman of the Board of the General Meeting Banif Go, Instituição Financeira de Crédito, SA (representing Rentipar Financeira, SGPS, SA) Banif Rent - Aluguer, Gestão e Comércio de Veículos Automóveis, SA (representing Rentipar Financeira, SGPS, S.A) Banif Banco Internacional do Funchal (Brasil), SA Banif - Banco de Investimento (Brasil), SA Banif Corretora de Valores e Câmbio, SA Banif Gestão de Activos Sociedade Gestora de Fundos de Investimento Mobiliário, SA (representing Rentipar Financeira, SGPS, SA) Banif Capital Sociedade de Capital de Risco, SA (representing Rentipar Financeira, SGPS, SA) Banif Imobiliária, S.A (representing Rentipar Financeira, SGPS, SA) SIP Sociedade Imobiliária Piedade, SA (representing Rentipar Financeira - SGPS, SA) Gamma Sociedade de Titularização de Créditos, SA Member of the Board of Directors or Management Board Rentipar Indústria SGPS, SA - (Chairman) Rentipar Investimentos SGPS, SA (Chairman) Rentiglobo SGPS, SA (Chairman) SIET - Sociedade Imobiliária de Empreendimentos Turísticos Savoi, S.A - (Chairman) Soil, SGPS, SA- (Chairman) Rentimundi - Investimentos Imobiliários, S.A - (Chairman) Investaçor Hoteis, SA - (Chairman) EMT - Empresa Madeirense de Tabacos, S.A (Vice-Chairman) VITECAF - Fábrica de Rações da Madeira, S.A (Vice-Chairman) RAMA - Rações para Animais, S.A (Vice-Chairman) AVIATLÂNTICO Avicultura, SA (Vice-Chairman) Fomentinvest SGPS, SA (Member) Ronardo - Gestão de Empresas, Lda. (Manager) Member of the Board of the General Meeting Genius Mediação de Seguros, SA (Chairman) Rentimedis - Mediação de Seguros, S.A (Chairman) Mundiglobo Habitação e Investimentos, SA (Chairman) Habiprede Sociedade de Construções, SA (Chairman) MS Mundi Serviços Técnicos de Gestão e Consultoria, SA (Chairman) EMT - Empresa Madeirense de Tabacos, S.A (Chairman) VITECAF - Fábrica de Rações da Madeira, S.A (Chairman) RAMA - Rações para Animais, S.A (Chairman) Investaçor SGPS, SA - Chairman SIET - Sociedade Imobiliária de Empreendimentos Turísticos Savoi, S.A (Vice-Chairman) Rentipar Seguros SGPS, SA (Chairman) He personally holds 1,090,740 shares in Banif - SGPS, SA. Dr. JOAQUIM FILIPE MARQUES DOS SANTOS Licentiate degree in Finance Instituto Superior de Ciências Económicas e Financeiras (Higher Institute of Economic and Financial Sciences) (1971) Positions held in the last five years: AMBELIS Agência para a Modernização Económica de Lisboa, SA (Representative in his own name of Banif Banco Internacional do Funchal, on the General Board, 1995 to April 2004),

5 Banif Securities Holdings, Ltd ( Vice-Chairman of the Board of Directors, June 2001 to February 2005), Banif Seguros SGPS, SA (Director, April 2002 to July 2005), Banif Banco de Investimento, SA (Chairman of the Board of the General Meeting, December 2000 to March 2007), Companhia de Seguros Açoreana, SA (February 2001 to March 2007), UNICRE Cartão internacional de Crédito, SA (Chairman of the Board of the General Meeting, June 2000 to March 2007), SIBS Sociedade Interbancária de Serviços, SA (Chairman of the Board of the General Meeting, June 2000 to April 2007), Banif Crédito, SA (Chairman of the Board of Directors, March 2000 to October 2007). Chairman of the Board of Directors Banif Go, Instituição Financeira de Crédito, SA Banif Rent Aluguer, Gestão e Comércio de Veículos Automóveis, SA Banif - Banco Internacional do Funchal (Cayman), Ltd. BanifServ - Empresa de Serviços e Tecnologias de Informação, ACE. Banif Finance, Ltd. Banif International Bank, Ltd. Chief Executive Officer and Vice-Chairman of the Board of Directors Vice-Chairman of the Board of Directors Banif Banco Internacional do Funchal (Brasil), SA Banif Banco de Investimento, (Brasil), SA Banif Corretora de Valores e Câmbio, SA Banif International Holdings, Ltd. Member of the Board of Directors Banif - Investimentos - SGPS, SA Banif (Açores) - Sociedade Gestora de Participações Sociais, SA Banif Comercial, SGPS, SA Chairman of the Board of the General Meeting Vestiban Gestão de Investimentos, SA Chairman of the Board of the General Meeting and Member of the Remuneration Committee BCN - Banco Caboverdiano de Negócios, SA He personally holds 1,105,000 shares in Banif - SGPS, SA. Dr. CARLOS DAVID DUARTE DE ALMEIDA Licentiate degree in Company Organisation and Management - Instituto Superior de Economia (1980) Positions held in the last five years: Banif Seguros SGPS, SA (Director, April 2002 to July 2005), Banif Securities Holdings, Ltd (Director, June 2001 to March 2005), Banif Açor Pensões SGFP, SA (Director, May 2000 to 2004), Banifserv Empresa de Serviços, Sistemas e Tecnologias de Informação, ACE (from March 2000 to November 2007).

6 Chairman of the Board of Directors Banif Forfaiting Company, Ltd Banif Finance (USA) Corp. Banif Financial Services, Inc. Econofinance, SA Banif Trading, Inc. Banif Holding (Malta), Ltd Vice-Chairman of the Board of Directors Banif - Banco de Investimento, SA Banco de la Pequeña y Mediana Empresa, SA (BANKPYME) Banif International Bank, Ltd Member of the Board of Directors Banif Comercial SGPS, SA Banif - Banco Internacional do Funchal (Brasil) SA Banif - Banco de Investimento (Brasil) SA Banif - Corretora de Valores e Câmbio, SA CSA - Companhia de Seguros Açoreana, SA Banif (Açores) - Sociedade Gestora de Participações Sociais, SA Banif Investimentos - SGPS, SA Banif - Banco Internacional do Funchal (Cayman) Ltd. Banif Finance, Ltd. Banif International Holdings, Ltd. Banif Bank (Malta) He personally holds 120 shares in Banif - SGPS, SA. Dr. ANTÓNIO MANUEL ROCHA MOREIRA Licentiate degree in Economics - Oporto Faculty of Economics (1977) Positions held in the last five years: Banif Gestão de Activos SGFIM, SA (Director, February 2002 to January 2004), Banif Multifund, Ltd ( Director, April 2002 to May 2004), Banif Açor Pensões SGFP, SA (Director, October 1996 to March 2004), Banifserv Empresa de Serviços, Sistemas e Tecnologias de Informação, ACE (Director, December 1997 to August 2006), Cabo TV Açoreana, SA (Chairman of the Board of the General Meeting, March 2004 to November 2007). Vice-Chairman of the Board of Directors BCN Banco Caboverdiano de Negócios, SA Member of the Board of Directors Banif Comercial, SGPS, SA Banif Rent Aluguer, Gestão e Comércio de Veículos Automóveis, SA Banif Go, Instituição Financeira de Crédito, SA Banif (Açores) - Sociedade Gestora de Participações Sociais, SA

7 Banif - Banco Internacional do Funchal (Cayman), Ltd. Banif Finance, Ltd. Banif International Bank, Ltd. Chairman of the Audit Committee Zon TV Cabo Madeirense, SA, (representing Banif-Banco Internacional do Funchal, SA) He personally holds 117,083 shares in Banif - SGPS, SA. Dr. ARTUR MANUEL DA SILVA FERNANDES Licentiate degree in Company Organisation and Management Instituto Superior de Economia (1984); International Investment Banking Program STERN School of Business - NYU (1989). Positions held in the last five years: Banifserv Empresa de Serviços, Sistemas e Tecnologias de Informação, ACE (Member of the Board of Directors, March 2000 to August 2006). Chairman of the Board of Directors Banif Gestão de Activos - Sociedade Gestora de Fundos de Investimento Mobiliário, SA Banif Multifund,Ltd Banif Capital Sociedade de Capital de Risco, SA Banif International Asset Management, Ltd. Banif Securities, Inc. Banif Açor Pensões - Sociedade Gestora de Fundos de Pensões, SA Gamma Sociedade de Titularização de Créditos, S.A. Banif Securities Holdings, Ltd Banif Private Equity, SA (subject to non-opposition by the Bank of Portugal) Chief Executive Officer and Vice-Chairman of the Board of Directors Banif - Banco de Investimento, SA Vice-Chairman of the Board of Directors Centro Venture Sociedade de Capital de Risco, SA Member of the Board of Directors Banif Banco Internacional do Funchal (Brasil), SA Banif Banco de Investimento (Brasil), SA Banif Corretora de Valores e Câmbio, SA Banif Investimentos SGPS, SA Econofinance, SA Banif Financial Services, Inc. Banif Nitor Asset Management, SA Banco de la Pequeña y Mediana Empresa, S.A. Banif Bank (Malta), PLC Fomentinvest, SGPS, SA He does not personally hold any shares in

8 Dr. JOSÉ MARQUES DE ALMEIDA Licentiate degree in Finance Instituto Superior de Ciências Económicas e Financeiras (1966) Chairman of the Board of Directors Vestiban Gestão e Investimentos, SA Member of the Board of Directors Rentipar Financeira SGPS, SA Chairman of the Board of the General Meeting Banif Comercial, SGPS, SA Rentipar Investimentos, SGPS, SA He personally holds 814,800 shares in Banif - SGPS, SA. Eng.º DIOGO ANTÓNIO RODRIGUES DA SILVEIRA Engineering Diploma École Centrale de Lille; Research Scholar Berkeley UC, U.S.A.; Master of Business Administration (MBA) INSEAD, France. Positions held in the last five years: ONI SGPS, SA (Member of the Board of Directors/Chief Executive Officer, 2005 to 2007), Onitelecom Infocomunicações, SA (Chairman of the Board of Directors, 2005 to 2007), Oni Madeira Infocomunicações, SA (Chairman of the Board of Directors, 2005 to 2007), Oni Açores Infocomunicações, SA (Chairman of the Board of Directors, 2005 to 2007), Comunitel Global, SA (Chairman of the Board of Directors, 2005 to 2007), Sonae Indústria SGPS, SA (Member of the Board of Directors, 2002 to 2005),Glunz AG (Member of the Board of Directors, 2002 to 2005), Isoroy SAS (Member of the Board of Directors, 2002 to 2005), TAFISA, SA (Member of the Board of Directors, 2002 to 2005), Critical Links SA (Member of the Advisory Committee 2005 to 2006). : Chief Executive Officer Companhia de Seguros Açoreana, SA Director Banco Banif e Comercial dos Açores, SA Banif Imobiliária, SA Sociedade Imobiliária Piedade, SA BanifServ - Empresa de Serviços e Tecnologias de Informação, ACE. Advisor Advisory Committee of Reditus SGPS, SA Other current positions Member of the Board of the Portuguese Insurers Association (representing Companhia de Seguros Açoreana, SA)

9 He does not personally hold any shares in Dr. FERNANDO JOSÉ INVERNO DA PIEDADE (Alternate) Licentiate degree in Company Management from ISLA - Instituto Superior de Línguas e Administração (Higher Institute of Languages and Administration) (1982). Professional Experience Arthur Andersen & Co Portugal ( ); part of the executive team from Since 1988 he has held positions within Grupo Rentipar. : Chairman of the Board of Directors FNI Fábrica nacional de Iluminação, S.A. (representing Rentipar Financeira, SGPS, S.A.) Genius - Mediação de Seguros, SA Investaçor SGPS, SA MS - Mundi - Serviços Técnicos de Gestão e Consultoria, SA Rentimedis - Mediação de Seguros, SA Rentipar Seguros, SGPS, S.A. Vice-Chairman of the Board of Directors Rentipar Financeira, SGPS, S.A Member of the Board of Directors EMT - Empresa Madeirense de Tabacos, SA Finpro SGPS, SA Investaçor Hoteis, SA Renticapital - Investimentos Financeiros, SA Rentiglobo SGPS, SA Rentimundi - Investimentos Imobiliários, SA Rentipar Indústria SGPS, SA Rentipar Investimentos, SGPS, SA SIET - Sociedade Imobiliária de Empre. Turísticos Savoi, SA Soil SGPS, SA Vestiban Gestão e Investimentos, SA Alternate Member of the Board of Directors Banif - SGPS, SA Manager Renticontrol - Controlo de Gestão e Contabilidade, Lda. - Manager Chairman of the Board of the General Meeting Banif Investimentos SGPS, SA (representing Rentipar Financeira, SGPS, SA) Vice-Chairman of the Advisory Committee (representing Renticapital Investimentos Financeiros, SA) Member of the Advisory Committee Banif Banco de Investimento, SA He personally holds 14,644 shares in

10 AUDIT COMMITTEE Chairman: Prof. FERNANDO MÁRIO TEIXEIRA DE ALMEIDA Licentiate degree in Economics from the Faculty of Economics of Universidade do Porto (Oporto University) Doctorate in Economics from Universidade de Santiago de Compostela (Santiago de Compostela University), where he submitted the thesis Analysis of the Portuguese Banking System: Innovation and Change in the Last Quarter of the 20th Century. Official Auditor Senior Management Programme (PADE) of the Association of Higher Company Studies (IESE, Universidade de Navarra (Navarre University)); Bank Marketing Course, at CEGOC (Scientific Organisation and Management Studies Centre); Various courses, placements and seminars in the professional context. Positions held in the last five years Universidade Lusíada (Director of the Faculty of Economic and Corporate Sciences, 1995 to 2005) IPO Portuguese Oncology Institute, Oporto (Director, 2002 to 2005) Member of the Advisory Committee of (until 2005) Member of Oporto Municipal Council, culture and tourism portfolio (2005 to 2006) Chairman of the Board of Culturporto - Associação de Produção Cultural (2005 to 2006) Chairman of the Board of CRAT Centro Regional de Artes Tradicionais (Regional Centre for Traditional Arts - Oporto) (2005 to 2006) Chairman of the Board of AMCI Associação do Museu Ciência e Indústria (Science and Industry Museum Association) (2005 to 2006) Chairman of the Audit Committee Banif Banco de Investimento, SA Companhia de Seguros Açoreana, SA Chairman of the Board of the General Meeting Advancer Soluções de Gestão, SA Other current positions Director of the Faculty of Economic and Corporate Sciences of Universidade Lusíada (since February 2007); Vice-Chairman of IPEF - Portuguese Financial Executives Institute Examiner for master's theses, and jury member, as specialist, for licentiate degree work at various universities in Portugal. He personally holds 186,000 shares in

11 Effective Member: Dr. ANTÓNIO ERNESTO NETO DA SILVA Licentiate degree in Economics from the Oporto Faculty of Economics, having completed the licentiate degree with the highest mark in his year. Master's in Contemporary European Studies (Economics) from Reading University, United Kingdom, with distinction. (Studies undertaken with a British Council grant). Positions previously held Secretary of State for External Trade from 24 April 1990 to 31 October 1991, when he was: Chief negotiator on the Ford-Volkswagen Project Negotiator for the textile sector in the Council of Ministers of the European Communities in the context of the Uruguay Round Responsible for the publicity campaign for Portugal's image abroad Responsible for negotiations on all foreign investment projects in Portugal worth more than 10 billion escudos ( 50 million). Chairman of the Commission for External Relations, Commercial Policy and Cooperation of the Economic and Social Committee of the EEC and EURATOM ( ) Founding shareholder and Chairman of the Board of Directors of Financetar, Sociedade de Serviços Financeiros, Empresariais e Imobiliários, S.A. Founder and CEO of portugaloffer.com, the portal for top Portuguese companies that is the world's best-known Portuguese URL. Chairman of the Board of Directors of PROPRIUM, Mediação Imobiliária, S.A. Member of the General Board of COTEC (Entrepreneurial Association for Innovation) Guest Professor of IESF - Institute of Higher Financial and Fiscal Studies, lecturing on the subject of 21st Century Management at seminars on JEEP (Young Entrepreneurs with High Potential) Courses and on Advanced Management Courses. Member of the Advisory Committee of IESF Vice-Chairman of Clube Via Norte Member of the Advisory Committee of ( ) Member of the Council of Chairmen of the Confederation of Portuguese Industry (CIP). Executive Director of the postgraduate course in European Economics of Universidade Católica Portuguesa, Oporto, holding chairs in Trade Policy and External Relations and Community Financial Instruments. Advisor to the Economic and Social Committee of the European Economic Community and of the European Atomic Energy Community ( ). Lecturer at the Oporto Faculty of Economics, lecturing in Project Planning and Evaluation and holding the chair in Economic Integration and International Institutions ( ). Professor at Universidade Católica Portuguesa (Lisbon) holding chairs in Problems and Policies of Regional Development in Europe, on the postgraduate course in European Studies (economics option) and in European Economics (law option) on the same course (1980 to 1989). Director of services of the CIP (Confederation of Portuguese Industry) for the Northern Region ( ) Representative of the CIP on the Advisory Committee for European Integration, (until 1983) Vice-Chairman of ICEP - Instituto do Comércio Externo de Portugal (Portuguese External Trade Institute) (1983 to 1984) Director of TRADINGPOR - Empresa de Comércio Externo de Portugal, SARL (1984 to 1985). Economic Advisor to IPE - Investimentos e Participações do Estado, S.A. Director of SML Vestuário ( ) Founding shareholder and Chairman of the Board of Directors of SOCIFA,SA ( ) Organiser of the investors' syndicate, shareholder and Chairman of Oporto Private Clinic (1992 to 1995) Chairman of the Board of Directors Deimos Engenharia, SA

12 Member of the Audit Committee CEO Financetar Sociedade de Serviços Financeiros, Empresariais e imobiliários, SA Other current positions Chairman of PROESPAÇO - Associação Portuguesa das Industrias do Espaço (Portuguese Space Industries Association) Chairman of the AAPEUA Associação de Amizade Portugal - Estados Unidos da América (USA-Portugal Friendship Association) Professor at Universidade Católica Portuguesa (Lisbon), holding the chair in Sustainable Development on the master's and doctoral courses in European Studies. Vice-Chairman of the Business Angels Club Association of investors in start-ups Other activities He has published numerous books and papers, in the fields of economics, European integration and regional development: - António Neto da Silva, O Triplo Conflito - Globalização, Fundamentalismo Islâmico e Desenvolvimento Sustentavel, (The Triple Conflict - Globalisation, Islamic Fundamentalism and Sustainable Development) Booknomics, Lisbon António Neto da Silva and Luís Rego - Teoria e Pratica da Integração Económica (Theory and Practice of Economic Integration), Porto Editora, Porto 1984 He has participated and participates as conference speaker in countless economics conferences and seminars in Portugal and abroad. He does not personally hold any shares in Effective Member: Dr. JOSÉ LINO TRANQUADA GOMES Licentiate degree in Law, Legal Sciences, from the Lisbon Faculty of Law ( ) Positions held in the last five years (Secretary of the Board of the General Meeting, until 2007); Banif Banco Internacional do Funchal, SA (Secretary of the Board of the General Meeting, until 2007), Hotelram Hotelaria da Madeira, SA (Member of the Board of Directors, until 2007) Member of the Audit Committee Banif - SGPS, SA Manager Imolapeira Imobiliária da Madeira, Lda Freitas, Sales & Gomes Empreendimentos Imobiliários, Lda Netanarium Consultadoria e Gestão, Unipessoal, Lda Chairman of the Board of the General Meeting Edifícios Park Empreendimentos Imobiliários e Turísticos, S.A. Other current positions Director of Tranquada Gomes & Coito Pita Sociedade de Advogados;

13 Member of the Madeira Regional Assembly, where he holds the positions of Vice-Chairman of the PSD parliamentary group, Chairman of the Regulations and Mandates Committee and Chairman of the Specialist Committee on Public Administration, Labour, Employment, Vocational Training and Justice. Vice-Chairman of the Board of the General Meeting of the Funchal Agricultural Cooperative. Member of the Audit Committee of the Horácio Roque Foundation. Member of the International Tax Planning Association (ITPA) Member of the RTP Opinion Panel He does not personally hold any shares in Alternate Member: Dr. José Pedro Lopes Trindade Licentiate degree in Company Management and Administration from Universidade Católica Portuguesa 1981/1986 Professional Experience He worked as a consultant and auditor for Arthur Andersen, S.A. (1986 to 1993), and was a manager of that company (1990 to 1993) Since July 1993 he has held various positions at Grupo Rentipar : Member of Board of Directors Investaçor SGPS, S.A. Investaçor Hotéis, S.A. Açortur, S.A. Turotel, S.A. Chairman of Audit Committee Banif Go, Instituição Financeira de Crédito, S.A. He does not personally hold any shares in Banif - SGPS, S.A. OFFICIAL AUDITOR Nomination (on a proposal from the Audit Committee to be elected in the context of point 12 of the Order of Business, in conformity with article 420, paragraph no. 2, subparagraph b) of the Companies Code and of paragraph no. 4 of article 27 of the Memorandum of Association) to hold the position for one year, with reference to Ernst & Young Audit & Associados - SROC, S.A. Official Audit Company no. 178, registered with the Securities Exchange Commission as no Represented by: Dr. João Carlos Miguel Alves (Official Auditor no. 896) Degree of Bachelor of Commerce University of the Witwatersrand, Johannesburg (Licentiate degree) Honours Degree in Accounting Science University of South Africa, Pretoria Official Auditor since 1995

14 Professional Experience Arthur Young & Co., Johannesburg Auditor, reaching managerial level Ernst & Young Limitada Auditor, reaching the level of partner A. Santos, J. Alves e Associados, SROC Partner Since Ernst Young Audit e Associados, SROC Partner and Director Published Articles A Independência do Auditor (The Independence of the Auditor) Semanário Económico (Economics Weekly) Chegaram os Impostos Diferidos (Deferred Tax Has Arrived) Semanário Económico A Independência do Auditor Diário Económico (Economics Daily) Entrevista sobre a Profissão de Auditor (Interview on the Profession of Auditor) Semanário Económico Estratégias de Apresentação Correcta do Balanço (Strategies for Correct Balance Sheet Presentation) Revista Exame (Audit Review) Justo Valor (Fair Value) Diário Económico Enron: Dois Anos Depois (Enron: Two Years On) Semanário Económico IFRS Uma Nova Oportunidade (IFRS - A Fresh Opportunity) Semanário Económico Membership of Professional Organisations Member of OROC (Order of Official Auditors) Vice-Chairman of the Luso-British Chamber of Commerce Member of the Audit Committee of Oporto British School Currently holds the position of Official Auditor of He does not personally hold any shares in