IBERSOL | 2019 Annual Report

Consolidated Financial Analysis Article 447 of the Commercial Companies Code and Article 14, #7 of the regulations of the Portuguese Securities Market Commission (CMVM), 5/2008 Declaration of the number of shares and other transferable securities issued by the Company which are owned by members of the administrative and fiscal bodies, or directors, as well as by close relations, under the terms of article 248 B of the Securities Code, and description of the transactions regarding said securities during the year under analysis. During the financial year in analysis, no transaction executed by people dischargingmanagerial responsabilities, other than those mentioned in the above table for Borad of Directors. Board of Directors Acquisitions / increases (a) Sales Balance at 31/12/2019 shares av pr shares av pr António Alberto Guerra Leal Teixeira DUNBAR - SERVIÇOS E GESTÃO, SA (1) 9,996 Ibersol, SGPS, SA 2,520 António Carlos Vaz Pinto Sousa CALUM - Serviços e Gestão, SA (2) 9,996 Ibersol, SGPS, SA 2,520 (1) DUNBAR - SERVIÇOS E GESTÃO, SA ATPS - SGPS, SA (3) 2,840 (2) CALUM - SERVIÇOS E GESTÃO, SA ATPS - SGPS, SA (3) 2,840 (3) ATPS - SGPS, SA Ibersol, SGPS, SA 19,767,058 124

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