Sonae Completes Sale Of MO And Zippy

Sonae SGPS SA SON:

• COMPLETION OF SALE OF MODALFA (MO) AND ZIPPY BY ITS SUBSIDIARY FASHION DIVISION

• SALE TO CONSORTIUM COMPRISED OF FRANCISCO PIMENTEL, CURRENT CEO OF MO, AND FUNDO MERCÚRIO – FUNDO DE CAPITAL DE RISCO FECHADO

• MO AND ZIPPY WILL REMAIN UNDER THE LEADERSHIP OF THEIR CURRENT MANAGEMENT TEAMS