IBERSOL Annual Report and Consolidated Accounts 2017

Report on Corporate Governance Corporate Governance Report 2017 IBERSOL, SGPS, SA. Publicly Listed Company, with share capital of 30,000,000 euros, with its registered office at Praça do Bom Sucesso, nºs 105/159, 9º andar, 4150-146 Oporto, registered in the Companies Register of Oporto under registration and fiscal identification number 501669477. PART I SHAREHOLDING STRUCTURE, ORGANIZATION AND CORPORATE GOVERNANCE A. SHAREHOLDING STRUCTURE 1. Share Capital structure The share capital of Ibersol, SGPS, SA. amounts to 30,000,000 Euros, fully subscribed and paid, represented by 30,000,000 ordinary registered shares with a par value of 1 euro per share, all carrying the same rights and obligations. All the shares representing the share capital are admitted to trading on the regulated market Euronext Lisbon. 2. Share transmission and ownership restrictions There is no restriction under the By-laws, in particular under articles 4 and 5 thereof, on the trans- ferability of the shares, nor any clause requiring consent to the transfer of the shares, nor any type of limitation on ownership of the shares. 3. Own shares At 31st December 2017 Ibersol SGPS, SA held 2,999,938 of its own shares, corresponding approximately to 10% of the share capital, with a nominal value of one euro per share, at an overall acquisition cost of 11,179,969 euros. During 2017 exercise the Company has acquired 57 own shares and also 599,976 shares were allocated on its behalf by the capital increase by incorporation of reserves. 136