ANNUAL GENERAL METTING 31 MARCH 2009 ANNUAL GENERAL MEETING OF 31 MARCH Subparagraph d) of paragraph no. 1 of article 289 of the COMPANIES CODE

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BANIF - SGPS, SA A publicly traded company

Registered at Funchal Company Registry Office

Registered office: Rua de João Tavira, 30 – 9004 – 509 Funchal

Share capital: 350,000,000 euros * Single company registration number: 511 029 730

ANNUAL GENERAL METTING 31 MARCH 2009

ANNUAL GENERAL MEETING OF 31 MARCH 2009

Subparagraph d) of paragraph no. 1 of article 289 of the COMPANIES CODE

Within the terms of the provisions of paragraph no. 1 of Article 12 of the Memorandum of Association, the governance bodies are "the General Meeting, the Board of Directors and the Audit Committee".

In light of the requirements of subparagraph d) of paragraph no. 1 of Article 289 of the Companies Code, and points 10 to 12 of the Order of Business of the General Meeting in question, shareholders are hereby notified of the names of proposed members of the Board of the General Meeting, the Board of Directors and the Audit Committee (including in this context nomination of the Official Auditor, on a proposal from this last body), in accordance with the proposal to be submitted by the shareholder Rentipar Financeira SGPS, SA. Reference is made to their respective professional qualifications, the professional positions they have held in the last five years, in other companies and in the company itself, and to the number of shares they hold in the company.

BOARD OF THE GENERAL MEETING Chairman: Prof. LUÍS MANUEL MOREIRA DE CAMPOS E CUNHA Education

Associate Professor of Universidade Nova de Lisboa (Lisbon New University) and doctorate from Columbia University, New York

Universidade Nova de Lisboa- Faculty of Economics - Associate Professorship in International Economics (1992)

Columbia University- Department of Economics- Doctorate (Ph.D.) in Economics (1985)

Columbia University - Department of Economics- "Master of Philosophy" (M.Phil.) in Economics (1983)

Columbia University- Department of Economics - "Master of Arts" (M.A.) in Economics (1981) Universidade Católica Portuguesa (Portuguese Catholic University)- Licenciate Degree in Economics (1977)

Current Positions

Chair-holding Professor of the Faculty of Economics of Universidade Nova de Lisboa Member of the Board of Directors of the Serralves Foundation

Chairman of the SEDES Coordinating Council

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Positions currently held in commercial companies Chairman of the Board of the General Meeting Banif – SGPS, SA

Banif – Banco Internacional do Funchal, SA Banif – Banco de Investimento, SA

Member of the Advisory Committee Banif – SGPS, SA

Public positions

Minister of State and of Finance (2005)

Director of the Faculty of Economics of Universidade Nova de Lisboa (2002 to 2005) Vice-Governor of the Bank of Portugal (1996 to 2002)

In this context he performed the following duties at international level:

- Governor's alternate on the Governing Council of the European Central Bank - Member of the International Relations Committee of the European Central Bank - Member of the Monetary Committee/Economic and Financial Committee (until August 2000)

Academic career

He is currently chair-holding professor at Universidade Nova de Lisboa, and has lectured at other universities (Universidade Católica Portuguesa, Columbia University).

Chair-holding professor (since 1995), associate professor (1991-1995) and auxiliary professor (1985-1991), Faculty of Economics, Universidade Nova de Lisboa.

Guest Professor (1991-95), Faculty of Economic and Entrepreneurial Sciences, Universidade Católica Portuguesa.

Lecturer, Course Leader, Columbia University (1983 to 1985) Lecturer, Universidade Católica Portuguesa (1977-1980) Prizes and scholarships

He has won various prizes and scholarships in Portugal and abroad, including the following: - Tinker Foundation Research Grant (New York) (1986 and 1992)

- Alfred Sloan Doctoral Dissertation Fellowship.(1984-1985) - President's Fellow of Columbia University. (1981-1984) - INIC scholarship (1980-1985)

Other relevant academic positions

Advisor to Portuguese and foreign public and private institutions. Elected member of the senate of UNL (various years)

Director of the Doctorate and Master's Degree Programme (PDM). Other activities

He has presented studies at various seminars and has published various research papers in the field of international economics in Portugal and abroad.

He is the author of various articles and civic interventions on economic and social questions published in newspapers and magazines.

He does not hold any shares in Banif – SGPS, S.A.

Secretary: Dr. MIGUEL JOSÉ LUIS DE SOUSA Education

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Positions held in the last five years

Manager of Empresa de Cervejas e Refrigerantes Melo e Abreu, of CERIS – Sociedade Caboverdiana de Cerveja e Refrigerantes, SARL, of Corama Combustíveis da Madeira, Lda and Chairman of the Board of Santo da Serra Golf Club.

Current positions

Vice-Chairman of the Legislative Assembly of Madeira

He is Vice-Chairman of the Board of the Portuguese Golf Federation, Chairman of the General Meeting of Santo da Serra Golf Club and of the Madeira Karting Association, Member of the Audit Committee of the Social Democrat Foundation and Member of the General Board of Clube Desportivo Nacional.

Positions currently held in commercial companies Chief Executive Officer

Empresa de Cervejas da Madeira, Lda Member of the Advisory Committee Banif – SGPS, S.A.

Secretary of the Board of the General Meeting Banif – SGPS, S.A.

Banif – Banco Internacional do Funchal, S.A. He personally holds 618 shares in Banif – SGPS, SA

BOARD OF DIRECTORS Commander HORÁCIO DA SILVA ROQUE

Positions held in the last five years:

Mundiglobo – Habitação e Investimentos, SA (Chairman of the Board of Directors, November 1989 to March 2005); Banif Seguros SGPS, SA (Chairman of the Board of Directors, April 2002 to July 2005), Banifundos Cisalpina SGFIM, SA (currently Banif Gestão de Activos SGFIM, SA (Chairman of the Board of the General Meeting, representing Rentipar SGPS, S.A, March 2000 to January 2004), Banif Securities Holdings, Ltd (Chairman of the Board of Directors, June 2001 to February 2005)

Mundiplanos – Planeamento e Construção, SA (Chairman of the Board of the General Meeting, March 1995 to December 2004), Banif Crédito, SA (Chairman of the Board of the General Meeting, representing Rentipar Financeira SGPS, SA, July 1993 to October 2007).

Positions currently held in commercial companies Chairman of the Board of Directors

Rentipar Financeira SGPS, SA Banif – SGPS, SA

Banif – Banco Internacional do Funchal, SA Banif Comercial SGPS, SA

Banif – Banco Internacional do Funchal (Brasil), SA Banif - Banco de Investimento (Brasil), SA

Banif Corretora de Valores e Câmbio, SA Banif - (Açores) - SGPS, SA

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Renticapital - Investimentos Financeiros, S.A Chairman of the Board of the General Meeting

Banif Go, Instituição Financeira de Crédito, SA (representing Rentipar Financeira, SGPS, SA) Banif Rent - Aluguer, Gestão e Comércio de Veículos Automóveis, SA (representing Rentipar Financeira, SGPS, S.A)

Banif – Banco Internacional do Funchal (Brasil), SA Banif - Banco de Investimento (Brasil), SA

Banif Corretora de Valores e Câmbio, SA

Banif Gestão de Activos – Sociedade Gestora de Fundos de Investimento Mobiliário, SA (representing Rentipar Financeira, SGPS, SA)

Banif Capital – Sociedade de Capital de Risco, SA (representing Rentipar Financeira, SGPS, SA)

Banif Imobiliária, S.A (representing Rentipar Financeira, SGPS, SA)

SIP – Sociedade Imobiliária Piedade, SA (representing Rentipar Financeira - SGPS, SA) Gamma – Sociedade de Titularização de Créditos, SA

Member of the Board of Directors or Management Board Rentipar Indústria SGPS, SA - (Chairman)

Rentipar Investimentos SGPS, SA (Chairman) Rentiglobo SGPS, SA (Chairman)

SIET - Sociedade Imobiliária de Empreendimentos Turísticos Savoi, S.A - (Chairman) Soil, SGPS, SA- (Chairman)

Rentimundi - Investimentos Imobiliários, S.A - (Chairman) Investaçor Hoteis, SA - (Chairman)

EMT - Empresa Madeirense de Tabacos, S.A – (Vice-Chairman) VITECAF - Fábrica de Rações da Madeira, S.A – (Vice-Chairman) RAMA - Rações para Animais, S.A – (Vice-Chairman)

AVIATLÂNTICO – Avicultura, SA – (Vice-Chairman) Fomentinvest – SGPS, SA – (Member)

Ronardo - Gestão de Empresas, Lda. – (Manager) Member of the Board of the General Meeting Genius – Mediação de Seguros, SA – (Chairman) Rentimedis - Mediação de Seguros, S.A – (Chairman) Mundiglobo – Habitação e Investimentos, SA – (Chairman) Habiprede – Sociedade de Construções, SA – (Chairman)

MS Mundi – Serviços Técnicos de Gestão e Consultoria, SA – (Chairman) EMT - Empresa Madeirense de Tabacos, S.A – (Chairman)

VITECAF - Fábrica de Rações da Madeira, S.A – (Chairman) RAMA - Rações para Animais, S.A – (Chairman)

Investaçor SGPS, SA - Chairman

SIET - Sociedade Imobiliária de Empreendimentos Turísticos Savoi, S.A – (Vice-Chairman) Rentipar Seguros SGPS, SA (Chairman)

He personally holds 1,090,740 shares in Banif - SGPS, SA.

Dr. JOAQUIM FILIPE MARQUES DOS SANTOS Education

Licentiate degree in Finance – Instituto Superior de Ciências Económicas e Financeiras (Higher Institute of Economic and Financial Sciences) (1971)

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Banif Securities Holdings, Ltd ( Vice-Chairman of the Board of Directors, June 2001 to February 2005), Banif Seguros SGPS, SA (Director, April 2002 to July 2005), Banif – Banco de Investimento, SA

(Chairman of the Board of the General Meeting, December 2000 to March 2007), Companhia de Seguros Açoreana, SA (February 2001 to March 2007), UNICRE

– Cartão internacional de Crédito, SA (Chairman of the Board of the General Meeting, June 2000 to March 2007), SIBS – Sociedade Interbancária de Serviços, SA (Chairman of the Board of the General Meeting, June 2000 to April 2007), Banif Crédito, SA (Chairman of the Board of Directors, March 2000 to October 2007).

Banif Go, Instituição Financeira de Crédito, SA

Banif Rent – Aluguer, Gestão e Comércio de Veículos Automóveis, SA Banif - Banco Internacional do Funchal (Cayman), Ltd.

BanifServ - Empresa de Serviços e Tecnologias de Informação, ACE. Banif Finance, Ltd.

Banif International Bank, Ltd.

Chief Executive Officer and Vice-Chairman of the Board of Directors Banif – Banco Internacional do Funchal, SA

Vice-Chairman of the Board of Directors Banif – SGPS, SA

Banif – Banco Internacional do Funchal (Brasil), SA Banif – Banco de Investimento, (Brasil), SA

Banif – Corretora de Valores e Câmbio, SA Banif International Holdings, Ltd.

Member of the Board of Directors Banif - Investimentos - SGPS, SA

Banif (Açores) - Sociedade Gestora de Participações Sociais, SA Banif Comercial, SGPS, SA

Chairman of the Board of the General Meeting Vestiban – Gestão de Investimentos, SA

Chairman of the Board of the General Meeting and Member of the Remuneration Committee

BCN - Banco Caboverdiano de Negócios, SA

He personally holds 1,105,000 shares in Banif - SGPS, SA.

Dr. CARLOS DAVID DUARTE DE ALMEIDA Education

Licentiate degree in Company Organisation and Management - Instituto Superior de Economia (1980)

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Banif Forfaiting Company, Ltd Banif Finance (USA) Corp. Banif Financial Services, Inc. Econofinance, SA

Banif Trading, Inc. Banif Holding (Malta), Ltd

Vice-Chairman of the Board of Directors Banif – SGPS, SA

Banif – Banco Internacional do Funchal, SA Banif - Banco de Investimento, SA

Banco de la Pequeña y Mediana Empresa, SA (BANKPYME) Banif International Bank, Ltd

Member of the Board of Directors Banif Comercial SGPS, SA

Banif - Banco Internacional do Funchal (Brasil) SA Banif - Banco de Investimento (Brasil) SA

Banif - Corretora de Valores e Câmbio, SA CSA - Companhia de Seguros Açoreana, SA

Banif (Açores) - Sociedade Gestora de Participações Sociais, SA Banif Investimentos - SGPS, SA

Banif - Banco Internacional do Funchal (Cayman) Ltd. Banif Finance, Ltd.

Banif International Holdings, Ltd. Banif Bank (Malta)

He personally holds 120 shares in Banif - SGPS, SA. Dr. ANTÓNIO MANUEL ROCHA MOREIRA

Education

Licentiate degree in Economics - Oporto Faculty of Economics (1977) Positions held in the last five years:

Banif Gestão de Activos – SGFIM, SA (Director, February 2002 to January 2004), Banif Multifund, Ltd ( Director, April 2002 to May 2004), Banif Açor Pensões – SGFP, SA (Director, October 1996 to March 2004), Banifserv – Empresa de Serviços, Sistemas e Tecnologias de Informação, ACE (Director, December

1997 to August 2006), Cabo TV Açoreana, SA (Chairman of the Board of the General Meeting, March 2004 to November 2007).

Positions currently held in commercial companies Vice-Chairman of the Board of Directors

BCN – Banco Caboverdiano de Negócios, SA Member of the Board of Directors Banif – SGPS, SA

Banif – Banco Internacional do Funchal, SA Banif Comercial, SGPS, SA

Banif Rent – Aluguer, Gestão e Comércio de Veículos Automóveis, SA Banif Go, Instituição Financeira de Crédito, SA

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Banif - Banco Internacional do Funchal (Cayman), Ltd. Banif Finance, Ltd.

Banif International Bank, Ltd.

Chairman of the Audit Committee

Zon TV Cabo Madeirense, SA, (representing Banif-Banco Internacional do Funchal, SA)

He personally holds 117,083 shares in Banif - SGPS, SA.

Dr. ARTUR MANUEL DA SILVA FERNANDES Education

Licentiate degree in Company Organisation and Management – Instituto Superior de Economia (1984); International Investment Banking Program – STERN School of Business - NYU (1989). Positions held in the last five years:

Banifserv – Empresa de Serviços, Sistemas e Tecnologias de Informação, ACE (Member of the Board of Directors, March 2000 to August 2006).

Banif Gestão de Activos - Sociedade Gestora de Fundos de Investimento Mobiliário, SA Banif Multifund,Ltd

Banif Capital – Sociedade de Capital de Risco, SA Banif International Asset Management, Ltd. Banif Securities, Inc.

Banif Açor Pensões - Sociedade Gestora de Fundos de Pensões, SA Gamma – Sociedade de Titularização de Créditos, S.A.

Banif Securities Holdings, Ltd

Banif Private Equity, SA (subject to non-opposition by the Bank of Portugal) Chief Executive Officer and Vice-Chairman of the Board of Directors Banif - Banco de Investimento, SA

Vice-Chairman of the Board of Directors Centro Venture – Sociedade de Capital de Risco, SA Member of the Board of Directors

Banif – SGPS, SA

Banif – Banco Internacional do Funchal (Brasil), SA Banif Banco de Investimento (Brasil), SA

Banif Corretora de Valores e Câmbio, SA Banif – Investimentos – SGPS, SA Econofinance, SA

Banif Financial Services, Inc. Banif Nitor Asset Management, SA

Banco de la Pequeña y Mediana Empresa, S.A. Banif Bank (Malta), PLC

Fomentinvest, SGPS, SA

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Dr. JOSÉ MARQUES DE ALMEIDA Education

Licentiate degree in Finance – Instituto Superior de Ciências Económicas e Financeiras (1966) Positions currently held in commercial companies

Chairman of the Board of Directors Vestiban – Gestão e Investimentos, SA Member of the Board of Directors Banif – SGPS, SA

Banif – Banco Internacional do Funchal, SA Rentipar Financeira SGPS, SA

Chairman of the Board of the General Meeting Banif Comercial, SGPS, SA

Rentipar Investimentos, SGPS, SA

He personally holds 814,800 shares in Banif - SGPS, SA. Eng.º DIOGO ANTÓNIO RODRIGUES DA SILVEIRA Education

Engineering Diploma– École Centrale de Lille; Research Scholar – Berkeley UC, U.S.A.; Master of Business Administration (MBA) – INSEAD, France.

ONI SGPS, SA (Member of the Board of Directors/Chief Executive Officer, 2005 to 2007), Onitelecom – Infocomunicações, SA (Chairman of the Board of Directors, 2005 to 2007), Oni Madeira – Infocomunicações, SA (Chairman of the Board of Directors, 2005 to 2007), Oni Açores – Infocomunicações, SA (Chairman of the Board of Directors, 2005 to 2007), Comunitel Global, SA (Chairman of the Board of Directors, 2005 to 2007), Sonae Indústria SGPS, SA (Member of the Board of Directors, 2002 to 2005),Glunz AG (Member of the Board of Directors, 2002 to 2005), Isoroy SAS (Member of the Board of Directors, 2002 to 2005), TAFISA, SA (Member of the Board of Directors, 2002 to 2005), Critical Links SA (Member of the Advisory Committee 2005 to 2006).

Positions currently held in commercial companies: Chief Executive Officer

Companhia de Seguros Açoreana, SA Director

Banif – SGPS, SA

Banif – Banco Internacional do Funchal, SA Banco Banif e Comercial dos Açores, SA Banif Imobiliária, SA

Sociedade Imobiliária Piedade, SA

BanifServ - Empresa de Serviços e Tecnologias de Informação, ACE. Advisor

Advisory Committee of Reditus SGPS, SA Other current positions

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He does not personally hold any shares in Banif – SGPS, SA

Dr. FERNANDO JOSÉ INVERNO DA PIEDADE (Alternate) Education

Licentiate degree in Company Management from ISLA - Instituto Superior de Línguas e Administração (Higher Institute of Languages and Administration) (1982).

Professional Experience

Arthur Andersen & Co Portugal (1981-1988); part of the executive team from 1984.

Since 1988 he has held positions within Grupo Rentipar. Positions currently held in commercial companies: Chairman of the Board of Directors

FNI – Fábrica nacional de Iluminação, S.A. (representing Rentipar Financeira, SGPS, S.A.)

Genius - Mediação de Seguros, SA Investaçor – SGPS, SA

MS - Mundi - Serviços Técnicos de Gestão e Consultoria, SA Rentimedis - Mediação de Seguros, SA

Rentipar Seguros, SGPS, S.A.

Vice-Chairman of the Board of Directors Rentipar Financeira, SGPS, S.A

Member of the Board of Directors

EMT - Empresa Madeirense de Tabacos, SA Finpro – SGPS, SA

Investaçor Hoteis, SA

Renticapital - Investimentos Financeiros, SA Rentiglobo – SGPS, SA

Rentimundi - Investimentos Imobiliários, SA Rentipar Indústria – SGPS, SA

Rentipar Investimentos, SGPS, SA

SIET - Sociedade Imobiliária de Empre. Turísticos Savoi, SA Soil – SGPS, SA

Vestiban – Gestão e Investimentos, SA

Alternate Member of the Board of Directors Banif - SGPS, SA

Manager

Renticontrol - Controlo de Gestão e Contabilidade, Lda. - Manager Chairman of the Board of the General Meeting

Banif – Investimentos SGPS, SA (representing Rentipar Financeira, SGPS, SA) Vice-Chairman of the Advisory Committee

Banif – SGPS, SA (representing Renticapital – Investimentos Financeiros, SA) Member of the Advisory Committee

Banif – Banco de Investimento, SA

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AUDIT COMMITTEE Chairman: Prof. FERNANDO MÁRIO TEIXEIRA DE ALMEIDA Education

Licentiate degree in Economics from the Faculty of Economics of Universidade do Porto (Oporto University)

Doctorate in Economics from Universidade de Santiago de Compostela (Santiago de Compostela University), where he submitted the thesis “Analysis of the Portuguese Banking System: Innovation and Change in the Last Quarter of the 20th Century”.

Official Auditor

Senior Management Programme (PADE) of the Association of Higher Company Studies (IESE, Universidade de Navarra (Navarre University));

Bank Marketing Course, at CEGOC (Scientific Organisation and Management Studies Centre); Various courses, placements and seminars in the professional context.

Universidade Lusíada (Director of the Faculty of Economic and Corporate Sciences, 1995 to 2005)

IPO – Portuguese Oncology Institute, Oporto (Director, 2002 to 2005) Member of the Advisory Committee of Banif – SGPS, SA (until 2005)

Member of Oporto Municipal Council, culture and tourism portfolio (2005 to 2006) Chairman of the Board of Culturporto - Associação de Produção Cultural (2005 to 2006)

Chairman of the Board of CRAT – Centro Regional de Artes Tradicionais (Regional Centre for Traditional Arts - Oporto) (2005 to 2006)

Chairman of the Board of AMCI – Associação do Museu Ciência e Indústria (Science and Industry Museum Association) (2005 to 2006)

Positions currently held in commercial companies Chairman of the Audit Committee

Banif – SGPS, SA

Banif – Banco Internacional do Funchal, SA Banif – Banco de Investimento, SA

Companhia de Seguros Açoreana, SA

Chairman of the Board of the General Meeting Advancer – Soluções de Gestão, SA

Other current positions

Director of the Faculty of Economic and Corporate Sciences of Universidade Lusíada (since February 2007);

Vice-Chairman of IPEF - Portuguese Financial Executives Institute

Examiner for master's theses, and jury member, as specialist, for licentiate degree work at various universities in Portugal.

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Effective Member: Dr. ANTÓNIO ERNESTO NETO DA SILVA Education

Licentiate degree in Economics from the Oporto Faculty of Economics, having completed the licentiate degree with the highest mark in his year.

Master's in Contemporary European Studies (Economics) from Reading University, United Kingdom, with distinction. (Studies undertaken with a British Council grant).

Positions previously held

Secretary of State for External Trade from 24 April 1990 to 31 October 1991, when he was: − Chief negotiator on the Ford-Volkswagen Project

− Negotiator for the textile sector in the Council of Ministers of the European Communities in the context of the Uruguay Round

− Responsible for the publicity campaign for Portugal's image abroad

− Responsible for negotiations on all foreign investment projects in Portugal worth more than 10 billion escudos (€ 50 million).

Chairman of the Commission for External Relations, Commercial Policy and Cooperation of the Economic and Social Committee of the EEC and EURATOM (1988-1990)

Founding shareholder and Chairman of the Board of Directors of Financetar, Sociedade de Serviços Financeiros, Empresariais e Imobiliários, S.A.

Founder and CEO of portugaloffer.com, the portal for top Portuguese companies that is the world's best-known Portuguese URL.

Chairman of the Board of Directors of PROPRIUM, Mediação Imobiliária, S.A.

Member of the General Board of COTEC (Entrepreneurial Association for Innovation)

Guest Professor of IESF - Institute of Higher Financial and Fiscal Studies, lecturing on the subject of “21st Century Management” at seminars on JEEP (Young Entrepreneurs with High Potential) Courses and on Advanced Management Courses.

Member of the Advisory Committee of IESF Vice-Chairman of Clube Via Norte

Member of the Advisory Committee of Banif – SGPS, SA (1992-2003)

Member of the Council of Chairmen of the Confederation of Portuguese Industry (CIP).

Executive Director of the postgraduate course in European Economics of Universidade Católica Portuguesa, Oporto, holding chairs in Trade Policy and External Relations and Community Financial Instruments.

Advisor to the Economic and Social Committee of the European Economic Community and of the European Atomic Energy Community (1986-1990).

Lecturer at the Oporto Faculty of Economics, lecturing in Project Planning and Evaluation and holding the chair in Economic Integration and International Institutions (1976-1984).

Professor at Universidade Católica Portuguesa (Lisbon) holding chairs in

Problems and Policies of Regional Development in Europe, on the postgraduate course in European Studies (economics option) and in European Economics (law option) on the same course (1980 to 1989).

Director of services of the CIP (Confederation of Portuguese Industry) for the Northern Region (1981-1983)

Representative of the CIP on the Advisory Committee for European Integration, (until 1983) Vice-Chairman of ICEP - Instituto do Comércio Externo de Portugal (Portuguese External Trade Institute) (1983 to 1984)

Director of TRADINGPOR - Empresa de Comércio Externo de Portugal, SARL (1984 to 1985). Economic Advisor to IPE - Investimentos e Participações do Estado, S.A.

Director of SML – Vestuário (1985-1988)

Founding shareholder and Chairman of the Board of Directors of SOCIFA,SA (1988 – 1990) Organiser of the investors' syndicate, shareholder and Chairman of Oporto Private Clinic (1992 to 1995)

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Member of the Audit Committee Banif – SGPS, SA

Banif – Banco Internacional do Funchal, SA CEO

Financetar – Sociedade de Serviços Financeiros, Empresariais e imobiliários, SA Other current positions

Chairman of PROESPAÇO - Associação Portuguesa das Industrias do Espaço (Portuguese Space Industries Association)

Chairman of the AAPEUA – Associação de Amizade Portugal - Estados Unidos da América (USA-Portugal Friendship Association)

Professor at Universidade Católica Portuguesa (Lisbon), holding the chair in

“Sustainable Development” on the master's and doctoral courses in European Studies. Vice-Chairman of the Business Angels Club – Association of investors in start-ups Other activities

He has published numerous books and papers, in the fields of economics, European integration and regional development:

- António Neto da Silva, O Triplo Conflito - Globalização, Fundamentalismo Islâmico e Desenvolvimento Sustentavel, (The Triple Conflict - Globalisation, Islamic Fundamentalism and Sustainable Development) Booknomics, Lisbon 2007

- António Neto da Silva and Luís Rego - Teoria e Pratica da Integração Económica (Theory and Practice of Economic Integration), Porto Editora, Porto 1984

He has participated and participates as conference speaker in countless economics conferences and seminars in Portugal and abroad.

He does not personally hold any shares in Banif – SGPS, SA Effective Member: Dr. JOSÉ LINO TRANQUADA GOMES Education

Licentiate degree in Law, Legal Sciences, from the Lisbon Faculty of Law (1977- 1982)

Banif – SGPS, SA (Secretary of the Board of the General Meeting, until 2007); Banif – Banco Internacional do Funchal, SA (Secretary of the Board of the General Meeting, until 2007), Hotelram – Hotelaria da Madeira, SA (Member of the Board of Directors, until 2007) Positions currently held in commercial companies

Member of the Audit Committee Banif - SGPS, SA

Banif – Banco Internacional do Funchal, SA Manager

Imolapeira – Imobiliária da Madeira, Lda

Freitas, Sales & Gomes – Empreendimentos Imobiliários, Lda Netanarium – Consultadoria e Gestão, Unipessoal, Lda Chairman of the Board of the General Meeting

Edifícios Park – Empreendimentos Imobiliários e Turísticos, S.A. Other current positions

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Member of the Madeira Regional Assembly, where he holds the positions of Vice-Chairman of the PSD parliamentary group, Chairman of the Regulations and Mandates Committee and Chairman of the Specialist Committee on Public Administration, Labour, Employment, Vocational Training and Justice.

Vice-Chairman of the Board of the General Meeting of the Funchal Agricultural Cooperative. Member of the Audit Committee of the Horácio Roque Foundation.

Member of the International Tax Planning Association (ITPA) Member of the RTP Opinion Panel

He does not personally hold any shares in Banif – SGPS, SA Alternate Member: Dr. José Pedro Lopes Trindade Education

Licentiate degree in Company Management and Administration from Universidade Católica Portuguesa – 1981/1986

He worked as a consultant and auditor for Arthur Andersen, S.A. (1986 to 1993), and was a manager of that company (1990 to 1993)

Since July 1993 he has held various positions at Grupo Rentipar Positions currently held in commercial companies:

Member of Board of Directors Investaçor – SGPS, S.A.

Investaçor Hotéis, S.A. Açortur, S.A.

Turotel, S.A.

Chairman of Audit Committee

Banif Go, Instituição Financeira de Crédito, S.A.

He does not personally hold any shares in Banif - SGPS, S.A. OFFICIAL AUDITOR

Nomination (on a proposal from the Audit Committee to be elected in the context of point 12 of the Order of Business, in conformity with article 420, paragraph no. 2, subparagraph b) of the Companies Code and of paragraph no. 4 of article 27 of the Memorandum of Association) to hold the position for one year, with reference to 2009.

Ernst & Young Audit & Associados - SROC, S.A.

Official Audit Company no. 178, registered with the Securities Exchange Commission as no. 9011

Represented by:

Dr. João Carlos Miguel Alves (Official Auditor no. 896) Education

Degree of Bachelor of Commerce – University of the Witwatersrand, Johannesburg (Licentiate degree)

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1985 - 1989 Arthur Young & Co., Johannesburg Auditor, reaching managerial level

1989 - 1996 Ernst & Young Limitada Auditor, reaching the level of partner

1996 - 2002 A. Santos, J. Alves e Associados, SROC Partner

Since 2002 - Ernst Young Audit e Associados, SROC Partner and Director

Published Articles

A Independência do Auditor (The Independence of the Auditor) – Semanário Económico (Economics Weekly)

Chegaram os Impostos Diferidos (Deferred Tax Has Arrived) – Semanário Económico A Independência do Auditor – Diário Económico (Economics Daily)

Entrevista sobre a Profissão de Auditor (Interview on the Profession of Auditor) – Semanário Económico

Estratégias de Apresentação Correcta do Balanço (Strategies for Correct Balance Sheet Presentation) – Revista Exame (Audit Review)

Justo Valor (Fair Value) – Diário Económico

Enron: Dois Anos Depois (Enron: Two Years On) – Semanário Económico

IFRS – Uma Nova Oportunidade (IFRS - A Fresh Opportunity) – Semanário Económico Membership of Professional Organisations

Member of OROC (Order of Official Auditors)

Vice-Chairman of the Luso-British Chamber of Commerce Member of the Audit Committee of Oporto British School