IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 PART II - GOVERNANCE MODEL EVALUATION 1. Identification of adopted Corporate Governance Code This Corporate Governance Report was prepared in accordance with CMVM Regulation 4/2013 of 1 August and the CMVM’s Corporate Governance Code. In accordance with article 4. 2 of CMVM Regulation 4/2013, the necessary and indispensable information is disclosed as required by these regulations, both in substance and in form. The report complies with article 245-A of the Securities Code and, in accordance with the comply or explain principle, indicates the degree of compliance with the CMVM’s recommendations as stated in the 2013 Corporate Governance Code. The reporting obligations under Law 28/2009 of 19 June, articles 447 and 448 of the Companies Code and CMVM Regulation 5/2008 of 2 October 2008 are also met. All the legal and regulatory texts mentioned in this report are available at www.cmvm.pt. 2. Analysis of compliance with the adopted Corporate Governance Code Overall, Ibersol, SGPS, SA complies with the CMVM’s corporate governance recommendations, as follows: RECOMMENDATIONS (July 18th 2013 Corporate Governance law in www.cmvm.pt ) DETAILS OF THE ADOPTIONOF THE RECOMMENDATION I – VOTING AND CONTROL OF THE COMPANY I.1. Companies shall encourage shareholders to attend and vote at general meetings and shall not set an overly large number of shares required for the entitlement of one vote, and implement the means necessary to exercise the right to vote by mail and electronically. Adopted Part I Number 12 of this Corporate Gov- ernance Report. I.2. Companies shall not adopt mechanisms that hinder the passing of resolutions by shareholders, including fixing a quorum for resolutions greater than that provided for by law. Adopted Parte I Numbers 13.14. of of this Corporate Governance Re- port. 183