Proposal for the Allocation of Profits

Whereas, despite that the Company presented in 2020 financial year a consolidated net profit of € 7,486,060.77 (seven million, four hundred and eighty six thousand, sixty euros and seventy seven cents), it recorded in the individual accounts a negative net profit of € 3,375,247.79 (three million, three hundred and seventy five thousand, two hundred and forty seven euros and seventy nine cents).

Pursuant to the legal and statutory provisions, the Board of Directors proposes that the negative net profit for the year recorded in the individual accounts to be transferred to retained earnings.

Lisbon, 29 April 2021

Board of Directors