Grupo Media Capital SGPS S A : Proxy Form for representation

DRAFT

Proxy Form

To the attention of the

Chairman of the Shareholders' General Meeting of Grupo Média Capital, SGPS, S.A.

Rua Mário Castelhano, no. 40

2734-502 Barcarena

Subject: Shareholders' General Meeting of 5 MAY 2022

Dear Sir,

____________________________ (full name, in case of natural persons or full corporate name, in case of company), as Shareholder of Grupo Média Capital, SGPS, S.A., hereby grants to Mr.(s)____________________, according to article 380 of the Companies Code, proxy powers to represent him/her and vote at the Grupo Média Capital SGPS, S.A. Shareholders' General Meeting to be held on 5th May 2022 in terms as he/she considers convenient, and to propose, discuss, vote and decide on each and all subjects on the Agenda as well as any other subject to be introduced during the referred Meeting.

Yours faithfully,

Place:_____________________ Date:_____________________

_____________________________________

Signature - if natural person / Signature(s), and, quality - if company

Explanatory notes

The Shareholders' General Meeting will be held on 5th may 2022, at 12.00 am, at the Company's registered office at Rua Mário Castelhano, no. 40, Queluz de Baixo, Barcarena and by telematics means.

In accordance with article 13.º of the Company's articles of association, shareholders may be represented by another shareholder or by another person if allowed by imperative law, or, in the case of corporate shareholders, by whomever their legal representative appoints.

Details of the representatives of shareholders at the General Meeting must be delivered to the Company, addressed to the Chairman of the Shareholders General Meeting, at least five days prior to the scheduled date of the General Meeting.

In accordance with applicable law, each 100 (one hundred) shares with the nominal value of one euro and six cents each corresponds to one vote.

In accordance with article 23.º C of Portuguese Securities Code, shareholders may participate and vote on the General Meeting if (i) they hold shares entitling them to, at least, one vote at 00:00 (GMT) of the fifth trading day prior to the date of the General Meeting, i.e., 28th april 2022 (the "Record Date"); (ii) the intention to participate in the General Meeting is stated, until the day before Record Date, in writing addressed to the financial intermediary with which have opened the respective account, and (iii) the financial intermediary shall address to the Chairman of the General Meeting by e-mail [e-mail], up to the end of Record Date, information regarding the number of shares registered on the shareholders account with reference to the Record Date.

Shareholders holding less than 100 (one hundred) shares representing the share capital of the Company may attend and participate on the General Meeting in case they group themselves in order to achieve the referred minimum of shares, being represented by one of them.