Société Anonyme

Registered Office: 22/24 boulevard Royal, L-2449 Luxembourg

R.C.S. Luxembourg B 22.232

Espírito Santo Financial Group S.A. informs of additional proposal to the BES Extraordinary General Meeting

Luxembourg/Portugal - 11 July 2014 - Espírito Santo Financial Group S.A. ("The Company") (NYSE Euronext Lisbon: ESF; Bloomberg: ESF PL; Reuters ESF LS), announces that
1. Following the announced Agenda for the BES Extraordinary General Meeting, and with a view to reinforce the independence of BES Board of Directors, ESFG decided to ask BES Board of Directors in a meeting to be held up to 28th July 2014, to add to the announced co-options that of Dr. José Alfredo de Almeida Honório be considered as a member of the Board of Directors.
2. Following the proposed co-option, ESFG requested to the Chairman of the Extraordinary General Meeting, in accordance with article 378 of the Portuguese Code of Commercial Companies, the addition of two new points to the Agenda, one in respect of the ratification of the above mentioned co-option and the other on the changing of no.2 Article 22 of BES corporate by-laws, stating that the Vice Chairman of the Executive Committee will replace the Chairman of the Executive Committee when he is unable to be present.

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The Espírito Santo Financial Group provides, through its subsidiaries, a global and diversified range of

financial services to its clients including Commercial banking, Insurance, Investment banking, Stockbrokerage and Asset management in

Portugal and internationally. For additional information on Espírito

Santo Financial Group, its subsidiaries, operations and results, please visit the Company's website on

www.esfg.com

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