Comp. de Seguros FIDELIDADE-MUNDIAL, SA

Composição da Carteira em: 2012-01-31 PARTE I 1 - VALORES MOBILIÁRIOS COTADOS 1.1 - Merc. Cot. Oficiais de Bolsa Val. Port. 1.1.3 - Obrigações diversas CGD 4.625 06/2012 150 000.00 98.67% EUR 98.67% 4 132 152 133 1.51 MONTPI 3.25% 07/2012 50 000.00 97.04% EUR 97.04% 839 49 357 0.49 201 490 2.00 1.1.4 - Acções REN SGPS 3 104.00 2.07 EUR 2.07 6 410 0.06 Sonae Capital 34 326.00 0.22 EUR 0.22 7 552 0.07 EDP Renováveis 5 701.00 4.40 EUR 4.40 25 084 0.25 PORTUCEL INDUSTRIAL 6 715.00 1.81 EUR 1.81 12 154 0.12 EDP-Nom. 30 023.00 2.23 EUR 2.23 66 981 0.66 Brisa - Nom. (Priv.) 8 660.00 2.24 EUR 2.24 19 398 0.19 BCP-NO 18 334.00 0.14 EUR 0.14 2 475 0.02 BESCL 15 149.00 1.26 EUR 1.26 19 133 0.19 BANIF-NO 26 614.00 0.29 EUR 0.29 7 745 0.08 Banco BPI, SA 10 451.00 0.48 EUR 0.48 5 016 0.05 Sonae Investim. -Po 15 944.00 0.44 EUR 0.44 6 983 0.07 C.AMORIM VN 1.00 1 250.00 1.40 EUR 1.40 1 750 0.02 SAG GEST (SIVA) 839.00 0.44 EUR 0.44 369 0.00 Cimpor,SGPS -No 4 557.00 5.15 EUR 5.15 23 469 0.23 J.MARTINS-PO 3 996.00 12.77 EUR 12.77 51 009 0.51 Semapa-SGPS-Nom. 1 188.00 5.27 EUR 5.27 6 260 0.06 ZON MULTIMEDIA 5 230.00 2.46 EUR 2.46 12 876 0.13 SONAE.COM 12 242.00 1.20 EUR 1.20 14 703 0.15 GALP ENERGIA SGPS SA 4 833.00 12.34 EUR 12.34 59 615 0.59 NOVA BASE 3 072.00 2.08 EUR 2.08 6 390 0.06 Portugal Telecom 6 944.00 3.80 EUR 3.80 26 387 0.26 Gr.Soares Costa-SGPS 11 262.00 0.32 EUR 0.32 3 604 0.04 SONAE IND. 7 564.00 0.63 EUR 0.63 4 735 0.05 390 099 3.87 591 588 5.87 1.2 - Merc Cot. Ofic. B.V. Estados Membros UE 1.2.1 - Titulos de Dívida Pública DBR 4.75% 98/2028 56 000.00 130.50% EUR 130.50% 1 541 74 618 0.74 DBR 3.5% 01/2016 137 000.00 111.60% EUR 111.60% 367 153 252 1.52 OBL 4% 10/2013 336 000.00 106.49% EUR 106.49% 3 594 361 400 3.59 DBR 3.25% 01/2020 162 000.00 113.51% EUR 113.51% 216 184 094 1.83 FRTR 3.25% 25/4/2016 190 000.00 106.17% EUR 106.17% 4 758 206 481 2.05 FRANCE O.A.T 4.25 314 000.00 110.99% EUR 110.99% 3 955 352 463 3.50 BTNS 2.5% 01/2014 210 000.00 103.16% EUR 103.16% 287 216 923 2.15 SPGB 3.15% 01/2016 255 000.00 99.82% EUR 99.82% 24 254 552 2.53 BTPS 3.75% 12/2013 202 000.00 100.40% EUR 100.40% 993 203 791 2.02 BTPS 4.25% 09/2019 220 000.00 92.95% EUR 92.95% 5 538 210 017 2.08 BTPS 3.75% 08/2016 66 000.00 96.91% EUR 96.91% 1 238 65 195 0.65

Composição da Carteira em: 2012-01-31 BTPS 3% 11/2015 241 000.00 95.77% EUR 95.77% 1 827 232 633 2.31 NETHER 2.5% 01/2017 220 000.00 106.11% EUR 106.11% 255 233 689 2.32 BGB 3.5% 06/2017 156 000.00 103.15% EUR 103.15% 3 044 163 950 1.63 RAGB 3.5% 09/2021 43 000.00 104.83% EUR 104.83% 572 45 646 0.45 RAGB 3.5% 07/2015 57 000.00 106.84% EUR 106.84% 1 096 61 992 0.62 IRISH 4.5% 04/2020 84.59% EUR 84.59% 2 416 2 416 0.02 3 023 112 29.99 1.2.3 - Obrigações diversas BCPPL Float 02/2013 50 000.00 88.38% EUR 88.38% 214 44 402 0.44 BESNN Float 05/2013 50 000.00 88.67% EUR 88.67% 190 44 524 0.44 BESPLFloat 02/2013 50 000.00 91.10% EUR 91.10% 233 45 783 0.45 SBAB Float 02/2013 50 000.00 100.10% EUR 100.10% 274 50 322 0.50 CMZB Float 10/2013 50 000.00 100.54% EUR 100.54% 26 50 293 0.50 GRANITE 2003-3 2A 6 060.05 96.40% EUR 96.40% 3 5 845 0.06 LLOYDS 3.75% 09/2015 50 000.00 99.16% EUR 99.16% 753 50 333 0.50 BPILN 3.1% 10/2014 50 000.00 104.07% EUR 104.07% 495 52 532 0.52 BARC Float 01/2014 100 000.00 100.53% EUR 100.53% 116 100 644 1.00 TDAC 6 A1 07/2012 7 580.18 98.50% EUR 98.50% 1 7 467 0.07 ISPIM 4.125% 01/2016 100 000.00 98.14% EUR 98.14% 203 98 341 0.98 UCGIM Float 12/2012 100 000.00 99.13% EUR 99.13% 350 99 482 0.99 PFE 5.75% 06/2021 50 000.00 124.52% EUR 124.52% 1 909 64 170 0.64 CITIG 7.375% 06/2014 50 000.00 109.55% EUR 109.55% 2 317 57 090 0.57 UBS 3.125% 01/2016 50 000.00 100.80% EUR 100.80% 60 50 459 0.50 FORTIS 4.625% 07/14 20 000.00 104.89% EUR 104.89% 523 21 500 0.21 EUREK 7.375% 06/2014 40 000.00 108.09% EUR 108.09% 1 854 45 090 0.45 SNSSNS 3.625% 07/13 50 000.00 97.55% EUR 97.55% 981 49 757 0.49 ELEPOR 3.25% 03/2015 50 000.00 86.19% EUR 86.19% 1 430 44 524 0.44 RABOBK 3.75% 11/2020 50 000.00 93.24% EUR 93.24% 430 47 048 0.47 SYNNVX 4% 06/2014 50 000.00 106.07% EUR 106.07% 1 180 54 214 0.54 RABOBK Float 01/2014 30 000.00 100.12% EUR 100.12% 31 30 065 0.30 GE 5.375% 01/2020 50 000.00 112.18% EUR 112.18% 66 56 156 0.56 UAB S.12 10/2013 319 144.14 77.19% EUR 77.19% 1 060 247 420 2.45 RENEPL 6.375% 12/13 50 000.00 98.05% EUR 98.05% 570 49 595 0.49 SANTAN 3.75% 06/2012 50 000.00 99.13% EUR 99.13% 1 199 50 764 0.50 ANZ 5.125% 09/2019 50 000.00 105.58% EUR 105.58% 1 008 53 797 0.53 CBAAU 2.625% 01/2017 100 000.00 101.50% EUR 101.50% 143 101 644 1.01 WSTP 3.875% 03/2017 50 000.00 102.74% EUR 102.74% 1 689 53 056 0.53 BCP Finance 02/12 50 000.00 99.92% EUR 99.92% 204 50 163 0.50 BESPL Float 06/2014 150 000.00 77.87% EUR 77.87% 234 117 036 1.16 BFCM Float 02/2014 100 000.00 96.56% EUR 96.56% 293 96 855 0.96 BARC Float 05/2017 150 000.00 98.46% EUR 98.46% 440 148 127 1.47 RBIAV Float 03/2013 100 000.00 99.61% EUR 99.61% 382 99 989 0.99 LLOYDS Float 03/2013 50 000.00 100.04% EUR 100.04% 127 50 148 0.50 BNP Float 09/2013 50 000.00 99.37% EUR 99.37% 119 49 804 0.49 Banif Float 05/2012 50 000.00 90.92% EUR 90.92% 174 45 633 0.45 JP Morgan Flt.01/14 100 000.00 98.33% EUR 98.33% 7 98 341 0.98

Composição da Carteira em: 2012-01-31 Morgan Stanley 03/13 100 000.00 98.30% EUR 98.30% 311 98 614 0.98 Goldman Sachs 02/13 50 000.00 98.60% EUR 98.60% 233 49 533 0.49 BAC Float 09/2013 100 000.00 96.18% EUR 96.18% 230 96 405 0.96 Citigroup Flt.03/14 50 000.00 95.97% EUR 95.97% 130 48 114 0.48 ABNANV Float 10/2013 100 000.00 100.61% EUR 100.61% 163 100 771 1.00 TELEFO Float 06/2015 50 000.00 94.89% EUR 94.89% 279 47 723 0.47 KNFP 4.5% 05/2019 50 000.00 85.85% EUR 85.85% 1 617 44 542 0.44 FORTIS Var.04/2018 50 000.00 90.78% EUR 90.78% 188 45 576 0.45 Anz Float 12/2049 70 000.00 79.83% EUR 79.83% 195 56 078 0.56 Vodafone Float 06/14 50 000.00 99.72% EUR 99.72% 144 50 006 0.50 GE Float 02/2016 150 000.00 94.07% EUR 94.07% 478 141 581 1.40 CRDIT Float 01/13 50 000.00 97.80% EUR 97.80% 46 48 947 0.49 DNBNor Float 05/2017 150 000.00 98.67% EUR 98.67% 440 148 441 1.47 UBIIM Float 11/2012 100 000.00 99.18% EUR 99.18% 688 99 868 0.99 CCCI Float 03/2013 50 000.00 98.51% EUR 98.51% 142 49 398 0.49 RBS Float 05/2013 100 000.00 99.37% EUR 99.37% 543 99 917 0.99 ERSTBK Float 07/12 100 000.00 81.63% EUR 81.63% 58 81 683 0.81 BPCEGP Float 10/2013 100 000.00 99.42% EUR 99.42% 11 99 432 0.99 ISPIMFloat 03/13 100 000.00 97.43% EUR 97.43% 203 97 631 0.97 Intned Float 03/2016 50 000.00 88.05% EUR 88.05% 128 44 153 0.44 INTNED Float 01/2013 100 000.00 99.96% EUR 99.96% 118 100 078 0.99 Danske Bank 18-15 19 000.00 95.03% EUR 95.03% 685 18 741 0.19 4 149 647 41.17 1.2.4 - Acções BMW 157.00 65.39 EUR 65.39 10 266 0.10 DEUTSCHE BANK 1 042.00 32.39 EUR 32.39 33 745 0.33 SIEMENS 1 178.00 72.14 EUR 72.14 84 981 0.84 ALLIANZ 324.00 84.06 EUR 84.06 27 235 0.27 E.ON AG(EX VEBA AG) 2 528.00 16.35 EUR 16.35 41 320 0.41 MAN AGN 235.00 80.36 EUR 80.36 18 885 0.19 BASF 1 188.00 58.78 EUR 58.78 69 831 0.69 BAYER AG 674.00 53.54 EUR 53.54 36 086 0.36 MUNCHENER RUCKVERS. 137.00 99.60 EUR 99.60 13 645 0.14 ADIDAS- SALOMON AG 302.00 55.08 EUR 55.08 16 634 0.17 SAP ORD. 733.00 46.19 EUR 46.19 33 857 0.34 FRESENIUS MEDICAL CA 253.00 54.55 EUR 54.55 13 801 0.14 VOLKSWAGEN AG-PREF. 262.00 135.35 EUR 135.35 35 462 0.35 K+S AG 276.00 36.46 EUR 36.46 10 062 0.10 GEN DES EAUX/VIVENDI 2 697.00 16.00 EUR 16.00 43 152 0.43 DANONE 797.00 47.19 EUR 47.19 37 606 0.37 AXA-UAP 2 114.00 11.61 EUR 11.61 24 533 0.24 CARREFOUR 1 080.00 17.45 EUR 17.45 18 846 0.19 TOTAL SA 2 226.00 40.41 EUR 40.41 89 942 0.89 L OREAL 115.00 81.31 EUR 81.31 9 351 0.09 PEUGEOT CITROEN 989.00 14.10 EUR 14.10 13 940 0.14 BNP 1 292.00 32.37 EUR 32.37 41 822 0.41

Composição da Carteira em: 2012-01-31 AIR LIQUIDE 223.00 96.22 EUR 96.22 21 457 0.21 SCHNEIDER 227.00 47.48 EUR 47.48 10 778 0.11 L.V.M.H. 225.00 123.60 EUR 123.60 27 810 0.28 SAINT-GOBAIN 932.00 34.02 EUR 34.02 31 707 0.31 RENAULT SA 615.00 32.57 EUR 32.57 20 027 0.20 SOCIETE GENERALE 507.00 20.37 EUR 20.37 10 325 0.10 GLE ENTREP. VINCI 1 081.00 35.46 EUR 35.46 38 332 0.38 SANOFI SYNHLABO 844.00 56.47 EUR 56.47 47 661 0.47 GAZ DE FRANCE 1 739.00 20.75 EUR 20.75 36 084 0.36 EDF 9.00 17.62 EUR 17.62 159 0.00 KINGFISHER PLC 7 200.00 2.56 GBP 3.06 22 046 0.22 INTL POWER PLC 2 125.00 3.35 GBP 4.02 8 535 0.08 NATIONAL GRID 1 060.00 6.32 GBP 7.57 8 022 0.08 LLOYDS BANK 34 458.00 0.31 GBP 0.37 12 634 0.13 BILLITON ORD USD0.50 636.00 21.23 GBP 25.42 16 168 0.16 BARCLAYS 4 362.00 2.13 GBP 2.55 11 102 0.11 PETROFAC LTD 625.00 14.55 GBP 17.42 10 889 0.11 FRESNILLO PLC 470.00 17.36 GBP 20.79 9 770 0.10 TELEFONICA 3 842.00 13.33 EUR 13.33 51 214 0.51 BCO SANTANDER C.HISP 6 839.00 5.95 EUR 5.95 40 692 0.40 REPSOL 1 204.00 21.00 EUR 21.00 25 284 0.25 BCO. BILBAO VISCAYA 3 110.00 6.67 EUR 6.67 20 756 0.21 RED ELECTRICA 177.00 35.17 EUR 35.17 6 224 0.06 DISTRI.INTERNACIONAL 3 160.00 3.53 EUR 3.53 11 158 0.11 UNICREDITO ITALIANO 999.00 3.79 EUR 3.79 3 786 0.04 ENI SPA 2 801.00 16.90 EUR 16.90 47 337 0.47 BANCA INTESA 14 023.00 1.46 EUR 1.46 20 474 0.20 AEGON NV 5 156.00 3.71 EUR 3.71 19 103 0.19 ING GROEP NV 1 781.00 6.96 EUR 6.96 12 392 0.12 UNILEVER NV-CVA 1 133.00 25.45 EUR 25.45 28 835 0.29 ASM LITHOGRAPHY 770.00 32.84 EUR 32.84 25 283 0.25 AKZO NOBEL NV NLG20 815.00 39.77 EUR 39.77 32 413 0.32 POSTNL 3 819.00 3.07 EUR 3.07 11 724 0.12 ARCELOR MITTAL 1 194.00 15.39 EUR 15.39 18 370 0.18 NOKIA A 3 750.00 3.82 EUR 3.82 14 318 0.14 ANHEUSER-BUSCH INB 1 012.00 46.36 EUR 46.36 46 911 0.47 VIENNA INSURANCE GRO 294.00 33.00 EUR 33.00 9 702 0.10 C&C GROUP PLC 2 526.00 3.14 EUR 3.14 7 942 0.08 UNICREDIT SPA CAUT 1 998.00 3.79 EUR 3.79 7 572 0.08 1 529 998 15.18 8 702 757 86.34 1.3 - Merc.Cot.Ofic. de B.V. de Estados não EU 1.3.4 - Acções ZURICH ALLIED AG 59.00 221.00 CHF 183.43 10 823 0.11 UNION BANK OF SWITZE 694.00 12.53 CHF 10.40 7 218 0.07 TELENOR ASA 1 994.00 95.65 NOK 12.49 24 912 0.25

Composição da Carteira em: 2012-01-31 42 952 0.43 42 952 0.43 9 337 298 92.64 3 - Unid. Part Inst. Invest. Colectivo 3.1 - Fundos Harmonizados HYPO DJ ESTX 50 FRA 247.00 24.63 EUR 24.63 6 084 0.06 ISHARES S&P 500 MONT 7 535.00 28.79 EUR 28.79 216 933 2.15 DB X-TR IBX EUROZON 580.00 174.08 EUR 174.08 100 966 1.00 323 983 3.21 3.2 - Fundos Não Harmonizados CXG IMOBILIARIO 13 943.00 3.29 EUR 3.29 45 815 0.45 369 798 3.67 5 - LIQUIDEZ 5.1 - À vista 5.1.2 - Depósitos à ordem DO CHF - CGD LX 0.0000% 0.00 CHF 0.00 1 463 0.01 DO DKK - CGD LX 0.0000% 0.00 DKK 0.00 478 0.00 DO EUR - CGD LX 0.8240% 0.00 EUR 0.00 64 343 872 3.41 DO GBP - CGD LX 0.0000% 0.00 GBP 0.00 1 070 0.01 DO NOK - CGD LX 0.0000% 0.00 NOK 0.00 107 0.00 DO SEK - CGD LX 0.0000% 0.00 SEK 0.00 113 0.00 DO USD - CGD LX 0.0000% 0.00 USD 0.00 1 199 0.01 348 303 3.46 348 303 3.46 348 303 3.46 9 - OUTROS VALORES A REGULARIZAR 9.1 - Valores Activos 65 226 0.65 9.2 - Valores Passivos -41 543-0.41 23 683 0.23 VALOR TOTAL DA CARTEIRA 10 079 081 100.00 NÚMERO UNIDADES DE PARTICIPAÇÃO 1 734 015.00 VALOR UNITÁRIO UNIDADE PARTICIPAÇÃO 5.8015

Composição da Carteira em: 2012-03-31 PARTE I 1 - VALORES MOBILIÁRIOS COTADOS 1.1 - Merc. Cot. Oficiais de Bolsa Val. Port. 1.1.3 - Obrigações diversas CGD 4.625 06/2012 150 000.00 99.29% EUR 99.29% 5 269 154 197 1.53 MONTPI 3.25% 07/2012 50 000.00 98.63% EUR 98.63% 1 106 50 421 0.50 204 618 2.03 1.1.4 - Acções Sonae Capital 44 541.00 0.20 EUR 0.20 8 908 0.09 EDP Renováveis 6 451.00 3.73 EUR 3.73 24 036 0.24 PORTUCEL INDUSTRIAL 3 279.00 2.02 EUR 2.02 6 620 0.07 EDP-Nom. 24 036.00 2.18 EUR 2.18 52 423 0.52 Brisa - Nom. (Priv.) 8 660.00 2.67 EUR 2.67 23 122 0.23 BESCL 12 660.00 1.37 EUR 1.37 17 344 0.17 BANIF-NO 26 614.00 0.28 EUR 0.28 7 452 0.07 Banco BPI, SA 17 467.00 0.50 EUR 0.50 8 664 0.09 Sonae Investim. -Po 15 944.00 0.45 EUR 0.45 7 111 0.07 C.AMORIM VN 1.00 1 907.00 1.42 EUR 1.42 2 708 0.03 SAG GEST (SIVA) 4 344.00 0.46 EUR 0.46 1 998 0.02 Cimpor,SGPS -No 2 994.00 5.00 EUR 5.00 14 970 0.15 J.MARTINS-PO 5 920.00 15.28 EUR 15.28 90 428 0.90 ZON MULTIMEDIA 6 654.00 2.55 EUR 2.55 16 968 0.17 SONAE.COM 14 431.00 1.22 EUR 1.22 17 534 0.17 GALP ENERGIA SGPS SA 4 833.00 12.34 EUR 12.34 59 639 0.59 NOVA BASE 3 072.00 2.32 EUR 2.32 7 127 0.07 Portugal Telecom 6 944.00 4.08 EUR 4.08 28 325 0.28 Gr.Soares Costa-SGPS 11 262.00 0.29 EUR 0.29 3 266 0.03 SONAE IND. 7 564.00 0.66 EUR 0.66 4 985 0.05 403 627 4.00 608 245 6.03 1.2 - Merc Cot. Ofic. B.V. Estados Membros UE 1.2.1 - Titulos de Dívida Pública DBR 4.75% 98/2028 56 000.00 130.16% EUR 130.16% 1 977 74 864 0.74 DBR 3.5% 01/2016 137 000.00 111.11% EUR 111.11% 1 153 153 374 1.52 OBL 4% 10/2013 336 000.00 105.78% EUR 105.78% 6 353 361 774 3.59 DBR 3.25% 01/2020 162 000.00 113.34% EUR 113.34% 1 266 184 877 1.83 FRTR 3.25% 25/4/2016 190 000.00 107.41% EUR 107.41% 5 770 209 849 2.08 FRANCE O.A.T 4.25 310 000.00 112.44% EUR 112.44% 5 724 354 272 3.51 BTNS 2.5% 01/2014 210 000.00 103.43% EUR 103.43% 1 148 218 351 2.16 SPGB 3.15% 01/2016 255 000.00 98.23% EUR 98.23% 1 339 251 825 2.50 SPGB 5.5% 04/2021 55 000.00 101.79% EUR 101.79% 2 785 58 767 0.58 BTPS 3.75% 12/2013 202 000.00 101.67% EUR 101.67% 2 235 207 609 2.06 BTPS 4.25% 09/2019 220 000.00 97.85% EUR 97.85% 788 216 058 2.14 BTPS 3.75% 08/2016 66 000.00 99.48% EUR 99.48% 408 66 061 0.65 BTPS 3% 11/2015 241 000.00 98.17% EUR 98.17% 3 019 239 609 2.38 NETHER 2.5% 01/2017 220 000.00 105.74% EUR 105.74% 1 157 233 774 2.32

Composição da Carteira em: 2012-03-31 BGB 3.5% 06/2017 156 000.00 104.81% EUR 104.81% 4 147 167 651 1.66 RAGB 3.5% 09/2021 43 000.00 106.80% EUR 106.80% 818 46 742 0.46 RAGB 3.5% 07/2015 57 000.00 107.99% EUR 107.99% 1 423 62 974 0.62 3 108 429 30.82 1.2.3 - Obrigações diversas BCPPL Float 02/2013 50 000.00 94.63% EUR 94.63% 87 47 403 0.47 BESNN Float 05/2013 50 000.00 93.38% EUR 93.38% 90 46 781 0.46 BESPLFloat 02/2013 50 000.00 94.83% EUR 94.83% 95 47 512 0.47 SBAB Float 02/2013 50 000.00 100.37% EUR 100.37% 140 50 323 0.50 CMZB Float 10/2013 50 000.00 101.27% EUR 101.27% 248 50 883 0.50 BNP 3% 02/2017 25 000.00 102.39% EUR 102.39% 76 25 673 0.25 GRANITE 2003-3 2A 6 060.05 96.15% EUR 96.15% 19 5 846 0.06 LLOYDS 3.75% 09/2015 50 000.00 102.12% EUR 102.12% 1 060 52 120 0.52 BPILN 3.1% 10/2014 50 000.00 103.94% EUR 103.94% 750 52 719 0.52 TDAC 6 A1 07/2012 7 580.18 99.00% EUR 99.00% 16 7 520 0.07 BKTSM 4.125% 03/2017 50 000.00 99.51% EUR 99.51% 57 49 810 0.49 SHBASS 1.875% 03/17 100 000.00 100.32% EUR 100.32% 57 100 374 1.00 ISPIM 4.125% 01/2016 100 000.00 100.77% EUR 100.77% 879 101 653 1.01 CITIG 7.375% 06/2014 50 000.00 109.99% EUR 109.99% 2 922 57 914 0.57 UBS 3.125% 01/2016 50 000.00 102.65% EUR 102.65% 316 51 640 0.51 FORTIS 4.625% 07/14 20 000.00 106.02% EUR 106.02% 675 21 879 0.22 EUREK 7.375% 06/2014 40 000.00 109.19% EUR 109.19% 2 337 46 014 0.46 BMW 3.875% 01/2017 30 000.00 108.15% EUR 108.15% 235 32 680 0.32 ELEPOR 3.25% 03/2015 50 000.00 89.45% EUR 89.45% 71 44 798 0.44 RABOBK 3.75% 11/2020 50 000.00 96.26% EUR 96.26% 738 48 868 0.48 SYNNVX 4% 06/2014 50 000.00 106.12% EUR 106.12% 1 508 54 567 0.54 ROSW 2% 06/2018 30 000.00 100.65% EUR 100.65% 15 30 208 0.30 GE 5.375% 01/2020 50 000.00 114.63% EUR 114.63% 507 57 821 0.57 GE 2% 02/2015 20 000.00 100.68% EUR 100.68% 37 20 173 0.20 UAB S.12 10/2013 319 144.14 78.59% EUR 78.59% 1 370 252 172 2.50 RENEPL 6.375% 12/13 50 000.00 102.23% EUR 102.23% 1 216 52 332 0.52 SANTAN 3.75% 06/2012 50 000.00 99.38% EUR 99.38% 1 506 51 194 0.51 ANZ 5.125% 09/2019 50 000.00 105.08% EUR 105.08% 1 428 53 969 0.54 BESPL Float 06/2014 150 000.00 81.40% EUR 81.40% 24 122 124 1.21 BFCM Float 02/2014 100 000.00 98.56% EUR 98.56% 110 98 667 0.98 BARC Float 05/2017 150 000.00 98.69% EUR 98.69% 166 148 198 1.47 BACR Float 01/2014 100 000.00 101.37% EUR 101.37% 579 101 950 1.01 RBIAV Float 03/2013 100 000.00 99.82% EUR 99.82% 140 99 963 0.99 LLOYDS Float 03/2013 50 000.00 100.53% EUR 100.53% 17 50 283 0.50 BNP Float 09/2013 50 000.00 99.91% EUR 99.91% 28 49 985 0.50 Banif Float 05/2012 50 000.00 95.67% EUR 95.67% 72 47 907 0.47 JP Morgan Flt.01/14 100 000.00 99.25% EUR 99.25% 223 99 475 0.99 ABBEY Float 06/2013 50 000.00 98.20% EUR 98.20% 25 49 125 0.49 ABBEY Float 08/2013 100 000.00 100.26% EUR 100.26% 257 100 513 1.00 Morgan Stanley 03/13 100 000.00 98.87% EUR 98.87% 114 98 980 0.98 Goldman Sachs 02/13 50 000.00 99.47% EUR 99.47% 108 49 843 0.49

Composição da Carteira em: 2012-03-31 BAC Float 09/2013 100 000.00 97.46% EUR 97.46% 58 97 518 0.97 Citigroup Flt.03/14 50 000.00 97.59% EUR 97.59% 42 48 837 0.48 AAB Float 06/2015 100 000.00 85.89% EUR 85.89% 111 86 000 0.85 ABNANV Float 10/2013 100 000.00 101.19% EUR 101.19% 589 101 776 1.01 TELEFO Float 06/2015 50 000.00 97.99% EUR 97.99% 117 49 114 0.49 FORTIS Var.04/2018 50 000.00 94.45% EUR 94.45% 86 47 311 0.47 Anz Float 12/2049 70 000.00 83.17% EUR 83.17% 51 58 271 0.58 Vodafone Float 06/14 50 000.00 100.14% EUR 100.14% 47 50 114 0.50 GE Float 02/2016 150 000.00 96.93% EUR 96.93% 192 145 587 1.44 UCGIM Float 02/2014 150 000.00 96.57% EUR 96.57% 288 145 145 1.44 DNBNor Float 05/2017 150 000.00 99.45% EUR 99.45% 160 149 335 1.48 UBIIM Float 11/2012 100 000.00 100.06% EUR 100.06% 368 100 425 1.00 CCCI Float 03/2013 50 000.00 99.65% EUR 99.65% 32 49 858 0.49 CCCI Float 08/2013 100 000.00 101.40% EUR 101.40% 576 101 973 1.01 RABOBK Float 01/2014 30 000.00 100.58% EUR 100.58% 129 30 302 0.30 RBS Float 05/2013 100 000.00 100.20% EUR 100.20% 250 100 445 1.00 BPCEGP Float 10/2013 100 000.00 100.05% EUR 100.05% 334 100 387 1.00 ISPIM Float 05/2014 100 000.00 97.49% EUR 97.49% 289 97 775 0.97 Intned Float 03/2016 50 000.00 93.45% EUR 93.45% 28 46 753 0.46 INTNED Float 01/2013 100 000.00 100.09% EUR 100.09% 427 100 517 1.00 Danske Bank 18-15 19 000.00 96.44% EUR 96.44% 34 18 357 0.18 4 357 658 43.20 1.2.4 - Acções DEUTSCHE BANK 1 042.00 37.31 EUR 37.31 38 872 0.39 SIEMENS 1 297.00 75.59 EUR 75.59 98 040 0.97 ALLIANZ 324.00 89.47 EUR 89.47 28 988 0.29 E.ON AG(EX VEBA AG) 1 306.00 17.96 EUR 17.96 23 456 0.23 MAN AGN 235.00 99.83 EUR 99.83 23 460 0.23 BASF 1 188.00 65.59 EUR 65.59 77 921 0.77 BAYER AG 674.00 52.74 EUR 52.74 35 547 0.35 RWE-RHEINISCH WEST.. 795.00 35.81 EUR 35.81 28 465 0.28 MUNCHENER RUCKVERS. 137.00 113.05 EUR 113.05 15 488 0.15 ADIDAS- SALOMON AG 318.00 58.54 EUR 58.54 18 616 0.18 HENKEL KGAA PREF. 150.00 54.94 EUR 54.94 8 241 0.08 SAP ORD. 771.00 52.36 EUR 52.36 40 370 0.40 DAIMLER CHRYSLER 1 007.00 45.21 EUR 45.21 45 526 0.45 FRESENIUS MEDICAL CA 253.00 53.14 EUR 53.14 13 444 0.13 VOLKSWAGEN AG-PREF. 209.00 131.85 EUR 131.85 27 557 0.27 GEN DES EAUX/VIVENDI 2 574.00 13.76 EUR 13.76 35 418 0.35 DANONE 797.00 52.30 EUR 52.30 41 683 0.41 AXA-UAP 2 114.00 12.43 EUR 12.43 26 277 0.26 CARREFOUR 783.00 17.98 EUR 17.98 14 074 0.14 TOTAL SA 2 315.00 38.24 EUR 38.24 88 526 0.88 L OREAL 115.00 92.49 EUR 92.49 10 636 0.11 BNP 1 292.00 35.58 EUR 35.58 45 963 0.46 AIR LIQUIDE 223.00 99.96 EUR 99.96 22 291 0.22

Composição da Carteira em: 2012-03-31 SCHNEIDER 227.00 48.99 EUR 48.99 11 121 0.11 L.V.M.H. 225.00 128.85 EUR 128.85 28 991 0.29 SAINT-GOBAIN 1 007.00 33.49 EUR 33.49 33 719 0.33 RENAULT SA 403.00 39.53 EUR 39.53 15 929 0.16 SOCIETE GENERALE 507.00 21.97 EUR 21.97 11 136 0.11 CAP GEMINI SOGETI 426.00 33.56 EUR 33.56 14 297 0.14 GLE ENTREP. VINCI 1 081.00 39.10 EUR 39.10 42 267 0.42 SANOFI SYNHLABO 844.00 58.23 EUR 58.23 49 146 0.49 GAZ DE FRANCE 1 336.00 19.37 EUR 19.37 25 878 0.26 EDF 9.00 17.11 EUR 17.11 154 0.00 KINGFISHER PLC 7 748.00 3.07 GBP 3.68 28 496 0.28 INTL POWER PLC 2 125.00 4.05 GBP 4.86 10 320 0.10 NATIONAL GRID 1 200.00 6.31 GBP 7.56 9 073 0.09 LLOYDS BANK 34 458.00 0.34 GBP 0.40 13 886 0.14 BILLITON ORD USD0.50 636.00 19.08 GBP 22.87 14 548 0.14 BARCLAYS 4 362.00 2.35 GBP 2.82 12 306 0.12 PETROFAC LTD 625.00 17.40 GBP 20.87 13 041 0.13 FRESNILLO PLC 470.00 15.98 GBP 19.16 9 007 0.09 TELEFONICA 4 561.00 12.29 EUR 12.29 56 032 0.56 BCO SANTANDER C.HISP 6 839.00 5.77 EUR 5.77 39 461 0.39 REPSOL 1 204.00 18.81 EUR 18.81 22 647 0.22 BCO. BILBAO VISCAYA 3 110.00 5.97 EUR 5.97 18 557 0.18 RED ELECTRICA 177.00 36.69 EUR 36.69 6 494 0.06 DISTRI.INTERNACIONAL 3 160.00 3.72 EUR 3.72 11 746 0.12 TELECOM ITALIA 28 234.00 0.89 EUR 0.89 25 171 0.25 UNICREDITO ITALIANO 2 997.00 3.76 EUR 3.76 11 257 0.11 ENI SPA 2 801.00 17.59 EUR 17.59 49 270 0.49 BANCA INTESA 14 023.00 1.34 EUR 1.34 18 847 0.19 AEGON NV 5 156.00 4.16 EUR 4.16 21 470 0.21 ING GROEP NV 1 781.00 6.25 EUR 6.25 11 126 0.11 UNILEVER NV-CVA 1 333.00 25.52 EUR 25.52 34 012 0.34 ASM LITHOGRAPHY 361.00 37.48 EUR 37.48 13 530 0.13 AKZO NOBEL NV NLG20 815.00 44.27 EUR 44.27 36 080 0.36 POSTNL 1 136.00 4.63 EUR 4.63 5 260 0.05 ARCELOR MITTAL 1 194.00 14.33 EUR 14.33 17 110 0.17 NOKIA A 4 144.00 4.08 EUR 4.08 16 916 0.17 ANHEUSER-BUSCH INB 865.00 54.78 EUR 54.78 47 385 0.47 VIENNA INSURANCE GRO 294.00 33.07 EUR 33.07 9 723 0.10 C&C GROUP PLC 2 526.00 3.86 EUR 3.86 9 750 0.10 1 634 017 16.20 9 100 104 90.22 1.3 - Merc.Cot.Ofic. de B.V. de Estados não EU 1.3.4 - Acções ZURICH ALLIED AG 59.00 242.60 CHF 201.41 11 883 0.12 UNION BANK OF SWITZE 694.00 12.65 CHF 10.50 7 289 0.07 YARA INTERNAT ASA 300.00 271.60 NOK 35.72 10 715 0.11

Composição da Carteira em: 2012-03-31 29 887 0.30 29 887 0.30 9 738 236 96.54 3 - Unid. Part Inst. Invest. Colectivo 3.1 - Fundos Harmonizados HYPO DJ ESTX 50 FRA 247.00 25.00 EUR 25.00 6 175 0.06 DB X-TR IBX EUROZON 580.00 177.87 EUR 177.87 103 165 1.02 109 340 1.08 3.2 - Fundos Não Harmonizados CXG IMOBILIARIO 13 943.00 3.30 EUR 3.30 46 076 0.46 155 416 1.54 5 - LIQUIDEZ 5.1 - À vista 5.1.2 - Depósitos à ordem DO CHF - CGD LX 0.0000% 0.00 CHF 0.00 1 463 0.01 DO DKK - CGD LX 0.0000% 0.00 DKK 0.00 142 0.00 DO EUR - CGD LX 0.3640% 0.00 EUR 0.00 19 206 391 2.05 DO GBP - CGD LX 0.0000% 0.00 GBP 0.00 3 034 0.03 DO NOK - CGD LX 0.0000% 0.00 NOK 0.00 103 0.00 DO SEK - CGD LX 0.0000% 0.00 SEK 0.00 114 0.00 DO USD - CGD LX 0.0000% 0.00 USD 0.00 1 183 0.01 212 430 2.11 212 430 2.11 212 430 2.11 9 - OUTROS VALORES A REGULARIZAR 9.2 - Valores Passivos -18 960-0.19-18 960-0.19 VALOR TOTAL DA CARTEIRA 10 087 122 100.00 NÚMERO UNIDADES DE PARTICIPAÇÃO 1 697 454.00 VALOR UNITÁRIO UNIDADE PARTICIPAÇÃO 5.9267