Novabase S G P S S A : SGPS, SA informs on resolutions approved at the General Meeting of Shareholders

Relevant Information

Annual General Meeting of Shareholders

Lisbon, 24 May 2022

The Annual General Meeting of Shareholders of Novabase - Sociedade Gestora de Participações Sociais, S.A. (hereinafter referred to as "Novabase") was held this afternoon. The following resolutions were adopted, in accordance with the terms of the proposals submitted under the several items of the agenda and previously disclosed:

1. Approval of the Management Report (which includes the Corporate Governance Report and the Report of the Board of Directors on remunerations as attachment) and of the Accounts for the 2021 financial year.
2. Allocation of results as proposed by the Board of Directors, with the transfer of the individual net result of the financial year ended on 31 December 2021, in the positive amount of € 1,025,507.61 (one million, twenty-five thousand, five hundred and seven euros and sixty- one cents), to the retained earnings account to cover part of the existing retained losses.
3. Approval of a general appraisal to the Board of Directors and to the Audit Board and all its respective members, as well as to the Chartered Auditor.
4. Approval of the reduction of the share capital of the Company from € 54,638,425.56 (fifty four million, six hundred and thirty eight thousand, four hundred and twenty five euros and fifty six cents) to € 32,971.463.70 (thirty two million, nine hundred and seventy one thousand, four hundred and sixty three euros and seventy cents), with the overall amount of the reduction being € 21,666,961.86 (twenty one million, six hundred and sixty six thousand, nine hundred and sixty one euros and eighty six cents), with the capital reduction having the following

purposes:

1. the amount of € 4,818,217.86 (four million, eight hundred and eighteen thousand, two hundred and seventeen euros and eighty-six cents) will be allocated to cover losses;
2. the remaining amount of the reduction, corresponding to € 16,848,744.00 (sixteen million, eight hundred and forty-eight thousand, seven hundred and forty-four euros), will be destined to release excess capital, under the following terms:
3. 1. the amount of € 3,346,144.58 (three million, three hundred and forty-six thousand, one hundred and forty-four euros and fifty-eight cents) will be transferred to free reserves; and
   2. the amount of € 13,502,599.42 (thirteen million, five hundred and two thousand, five hundred and ninety nine euros and forty two cents) will be attributed directly to the shareholders, corresponding to 0.43 € (forty three cents) per share, in relation to the total number of shares issued.

María Gil Marín	Novabase - Sociedade Gestora de Participações Sociais, SA
Chief Investors Officer	Company issuing shares admitted to trading on a regulated market
Tel: [phone]	Registered Office: Av. D. João II, nº 34, Parque das Nações, 1998-031 Lisboa
Fax.: [phone]	Share Capital: € 54.638.425,56
[e-mail]	Lisbon Commercial Registry Office registration and legal person number 502.280.182

Still within this context, it was further approved that, as a result of the share capital reduction, paragraph 1 of article 4 of the by-laws is amended, and shall read as follows:

"ARTICLE 4

1. 1. The share capital, fully subscribed and paid up, is thirty-two million, nine hundred and seventy-one thousand, four hundred and sixty-three euros and seventy cents and is represented by thirty one million, four hundred and one thousand and three hundred and ninety four shares with a nominal value of one euro and five cents each one.
   2. (…)
   3. (…)
   4. (…)"
2. Approval of the acquisition and disposal of own shares.
3. Election of Benito Vázquez Blanco as member of the Company's Board of Directors for the remainder of the current 2021-2023 term of office, under the terms and for the purposes of paragraph 7 of article 393 of the Portuguese Companies Code, replacing the director José Sancho García, following the resignation presented by this director.
4. Election of Francisco Paulo Figueiredo Morais Antunes as new member of the Board of Directors of the Company for the remainder of the current 2021-2023 term of office.
   It is hereby clarified that, in light of the election of two new member for the Board of Directors of the Company under the terms approved within items 8 and 9 of the agenda as referred to above, and considering the resignation presented by the director José Sancho García on 27 April 2022 which shall be effective in accordance with the applicable legal terms (i.e. in the end of May, unless a substitute is appointed or elected before), as from this date the Board of Directors of Novabase shall have a total of 9 members for the remainder of the current 2021-
   2023 term of office, as follows:
   Chairman: Luís Paulo Cardoso Salvado
   Member: Álvaro José da Silva Ferreira
   Member: María del Carmen Gil Marín
   Member: Rita Wrem Viana Branquinho Lobo Carvalho Rosado
   Member: José Afonso Oom Ferreira de Sousa
   Member: Madalena Paz Ferreira Perestrelo de Oliveira
   Member: Pedro Miguel Quinteiro Marques Carvalho
   Member: Benito Vázquez Blanco
   Member: Francisco Paulo Figueiredo Morais Antunes

María Gil Marín	Novabase - Sociedade Gestora de Participações Sociais, SA
Chief Investors Officer	Sociedade Aberta
Tel: [phone]	Sede: Av. D. João II, nº 34, Parque das Nações, 1998-031 Lisboa
Fax.: [phone]	Capital Social: € 54.638.425,56
[e-mail]	Número de matrícula na Conservatória do Registo Comercial de Lisboa e pessoa coletiva 502.280.182