IBERSOL Annual Report and Consolidated Accounts 2017

ANNUAL REPORT 2017 Atribuível a detentores do capital Note Share Capital Own Shares Conversion Reserves Legal Reserves Other Reserves & Retained Results Net Profit Total parent equity Interests that do not control Total Equity Balance on 1 January 2016 20 000 000 -11.179.644 -850.439 4.000.001 107.372.132 10.582.266 129.924.316 5.121.687 135.046.003 Changes in the period: Application of the consolidated profit from 2015: Transfer to reserves and retained results 10.582.266 -10.582.266 - - Share capital increase 16 4.000.000 -4.000.001 - - Minority shareholders change (IBR e Gravos) 260.522 260.522 -260.522 - Minority shareholders change (Ibersande) 1.106.941 1.106.941 -1.106.941 - Group Eat Out acquisition (Dehesa, minority) - 868.839 868.839 Conversion reserves - Angola -1.151.741 -1.151.741 -1.151.741 Acquisition / (disposal) of own shares 296 626 922 922 Net consolidated income for the year ended on 31 December, 2016 23.249.971 23.249.971 47.569 23.297.540 Total changes in the period 4.000.000 296 -1.151.741 -4.000.001 11.950.355 12.667.705 23.466.615 -451.055 23.015.561 Net profit 23.249.971 23.249.971 47.569 23.297.540 Total comprehensive income 22.098.230 47.569 22.145.799 Transactions with capital owners in the period Application of the consolidated profit from 2015: Paid dividends 31 -1.800.000 -1.800.000 -4.337.233 -6.137.233 - - - - -1.800.000 - -1.800.000 -4.337.233 -6.137.233 Balance on 31 December 2016 24.000.000 -11.179.348 -2.002.180 - 117.522.487 23.249.971 151.590.929 333.399 151.924.328 Balance on 1 January 2017 24.000.000 -11.179.348 -2.002.180 - 117.522.487 23.249.971 151.590.929 333.399 151.924.328 Changes in the period: Application of the consolidated profit from 2016: Transfer to reserves and retained results 23.249.971 -23.249.971 - - Share capital increase 16 6.000.000 -6.000.000 - - Hyperinflationary Economies (IAS 29) 7.627.695 7.627.695 7.627.695 Conversion reserves - Angola -10.706 -10.706 -10.706 Acquisition / (disposal) of own shares -621 -621 -621 Net consolidated income for the year ended on 31 December, 2017 30.849.460 30.849.460 390.046 31.239.506 Total changes in the period 6.000.000 -621 -10.706 - 24.877.666 7.599.489 38.465.828 390.046 38.855.874 Net profit 30.849.460 30.849.460 390.046 31.239.506 Total comprehensive income 30.838.754 390.046 31.228.800 Transactions with capital owners in the period Application of the consolidated profit from 2016: Paid dividends 31 -2.160.010 -2.160.010 -2.160.010 - - - - -2.160.010 - -2.160.010 - -2.160.010 Balance on 31 December 2017 30.000.000 -11.179.969 -2.012.886 - 140.240.143 30.849.460 187.896.747 723.445 188.620.192 IBERSOL S.G.P.S., S.A. DEMONSTRAÇÕES CONSOLIDADAS DAS ALTERAÇÕES NO CAPITAL PRÓPRIO PARA OS EXERCÍCIOS FINDOS EM 31 DECEMBER 2017 E 2016 (value in euros) The Board of Directors, 205