Rua da Corticeira, nº34 · Apartado 47 · 4536 - 902 Mozelos VFR · PortugalTel.: +351 227 475 800 · Fax: +351 227 475 801

www.grupoamericoamorim.com

FINANCIAL SECTOR2013

Editor: Amorim Holding II, SGPS, S.A. • Financial Sector 2013 • 1ª Edição: Abril 2014, Porto • 260 exemplares • Impressão: Lidergraf • Depósito Legal: 374282/14

F i n a n c i a l S e c t o r 1

Portugal

Spain

Angola

Mozambique

Brazil

The Américo Amorim Group holds significant shares in financial institutions domiciled in the Iberian Peninsula, Africa and Brazil, diversifying its investment and globalising its contribution to the economies of these regions, in particular in Portuguese-speaking countries.

FINANCIAL SECTORSIGNIFICANT SHARES HELD IN MAJOR FINANCIAL INSTITUTIONS

1981 1984 1990 2003 2005

2 F i n a n c i a l S e c t o r

33 YEARS OF ENTREPRENEURSHIPIN THE FINANCIAL SECTOR

Establishment of Sociedade Portuguesa de Investimentos.

SPI BCPPortugal’s first private bank is born.

BNCBanco Nacional de Crédito founded.

BANCOBICCreation of a new bank from scratch, in Angola.

BANCO POPULAR ESPAÑOLStake acquired in Banco Popular Español.

2008 2008 2011 2012

F i n a n c i a l S e c t o r 3

The Américo Amorim Group has a long tradition and strong experience of over 30 years in launching operations in the financial sector, starting off on this path in 1981, as the founding shareholder of SPI (BPI today) thus paving the way for the normalisation of private financial activity in Portugal following the revolution of 1974. Currently the Group holds shares in financial institutions in Portugal, Spain, Brazil, Angola and Mozambique.

BANCO BIC PORTUGUÊSEstablishment of Banco BIC Português.

BANCO CARREGOSATransformation of the brokerage firm into a bank.

BANCO ÚNICOEstablishment of a new commercial bank in Mozambique from scratch.

BANCO LUSO BRASILEIROAcquisition of shares in BLB, Banco Luso-Brasileiro, based in São Paulo - Brazil.

4 F i n a n c i a l S e c t o r

With a provisional GDP forecast of between 6.3% (International Monetary Fund) and 8.8% (Angolan Government), the Angolan economy will continue to develop strongly in 2014. The second largest oil producer in Africa will therefore continue to be an important commercial and financial venture for investors and the focus of particular attention by the Américo Amorim Group.

AN ECONOMY WITH STRONG GROWTH FORECAST FOR 2014

ANGOLA

100,000

90,000

80,000

70,000

60,000

50,000

40,000

30,000

20,000

10,000

0

GDP> USD million

2009

74,474

2010

82,471

2011

102,360

2012

102,547

2013E (FMI)

109,007

6 F i n a n c i a l S e c t o r

BANCO BIC ANGOLA

In 2005, the Américo Amorim Group was the founding shareholder of Banco BIC in Angola, which has become a project of tremendous success, with strong and rapid growth, based on a network of branches that geographically covers the whole country. Currently it is one of the 5 largest retail banks in Angola, and continues its strategy to expand, within or outside the territory of Angola.

2013 (November)> Total assets: USD 7,467 million> Loans to customers: USD 2,180 million> Customer deposits: USD 6,226 million> Net profit: USD 156 million> Number of employees: 1,867> Number of branches: 202

(120 in Luanda + 82 in the provinces)

KEY INDICATORSBANCO BIC

2,500

2,000

1,500

1,000

500

0

LOANS TO CUSTOMERS

180

160

140

120

100

80

60

40

20

0

> USD million

NET PROFIT

1,884 1,954 1,953

2,3572,180

6,000

5,000

4,000

3,000

2,000

1,000

0

CUSTOMER DEPOSITS

3,384

4,0864,765

5,8946,226

167.8

142.1156.4

168.1156

2009 2010 2011 2012 2013 - NOV 2009 2010 2011 2012 2013 - NOV 2009 2010 2011 2012 2013 - NOV

F i n a n c i a l S e c t o r 7

8 F i n a n c i a l S e c t o r

NETWORK OF BANCO BIC BRANCHES IN ANGOLAAs of November 2013, Banco BIC had a total of 202 Branches, 120 of which in Luanda and 82 in the other provinces of Angola.

185107 119 133 166

Chinguar

Maquela do Zombo

Mbanza Congo

Cabinda (3)

SoyoUíge

Negage

Caxito

Samba CajúLucata

Cafunfo

Dundo

Catete Ndalatando

Cacuso LucapaCamabatela

Dondo

Seles

Gabela

Waco Kungo

QuibalaMalange

CondaCassongue

Andulo

Mussende

LuenaCamacupaBailundo 

KuitoAlto Hama

Bocoio Balombo

Huambo

GandaCubal

CaluquembeCaala Cuvango

Matala Jamba Menongue

CapelongoLubango (5)

Humpata

Namibe

Xangongo

Ondjiva

Stª Clara

Calai

Catuiti

Porto Amboim

(120)Luanda

Sumbe

Lobito (2)

Catumbela (2)

Benguela (2)

Baia Farta

Nzagi

Saurimo

Luau

Cazombo

Mavinga

Nzeto

Sanza Pombo

Kitexe

Ambriz Kibaxi

Golungo Alto Cuango

Lumbala Nguimbo

Sumbe

Dombe Grande

Chongoroi

Quilengues

Lucira

Cuangar

Huambo

Calandula

20122008 2009 2010 2011

202

F i n a n c i a l S e c t o r 9

Existing Units

(DEVELOPMENT OF THE NUMBER OF COMMERCIAL UNITS)

2013 (November)

F i n a n c i a l S e c t o r 1 1

BANCO BIC PORTUGUÊS

With the acquisition of BPN, Banco BIC Português took on a key role in the general framework of Portuguese retail banking, in terms of number of branches and their territorial distribution, added to its original purpose of corporate and private bank. This extension of geographic coverage and closer relationship of the bank with its customers, took place during 2013 and will continue in 2014, with the purpose of reinforcing its competitive position and offering the market innovative and comprehensive solutions in services and products.

Some branches of Banco BIC Português

> Net assets: EUR 5,095 million.> Turnover:

- Loans to customers: EUR 3,154 million; - Customer deposits: EUR 3,510 million;

> Number of employees: 1,365> Number of Branches: 200> Number of Corporate Offices: 12

2013 (November)

1 2 F i n a n c i a l S e c t o r

F i n a n c i a l S e c t o r 1 3

MOZAMBIQUE

With growth of 7.1% in 2013, according to the International Monetary Fund, the economy in Mozambique is set to grow even more robustly in 2014, with forecast real GDP growth of 8.3%. According to the same source, this growth will be supported by an important recovery of the agricultural sector, strengthening of the rail capacity and implementation of various infrastructure projects connected to the mining and hydrocarbon sectors. The outlook for the next five years is positive, providing an attractive background for investors, including the Américo Amorim Group, with investments in the financial, oil and agricultural sectors.

THE ECONOMY IS SET TO GROW 8% IN 2014

Along with energy resources, coal and natural gas (of the most significant in Africa and the world), Mozambique has invested in the development of the agricultural sector, in which it has planned and implemented several modernisation programmes in various regions of the country.

GDP GROWTH (Nominal)> USD million

2010 2011 2012 2013 (E)

15,000

14,000

13,000

12,000

11,000

10,000

9,000

8,000

7,000

6,000

5,000

0

9,662.58

13,369.9613,691.28

15,366.67

1 4 F i n a n c i a l S e c t o r

F i n a n c i a l S e c t o r 1 5

BANCO ÚNICOShowing that it intends to, in fact, be a unique bank - Banco Único - which the Américo Amorim Group is one of the founding shareholders of, along with other important Mozambican shareholders, it has continued its development efforts, investing in the quality of the service and expansion of its network of branches. The Américo Amorim Group recently established an ambitious partnership with the NEDBANK Group, with a view to accelerating the bank’s growth in Mozambique.

BANCO ÚNICO BRANCHES IN MOZAMBIQUE

BANCO ÚNICO IN 2013> Share capital: 1.74 billion meticais

(USD 60 million)> Total Assets: 8.96 billion meticais

(USD 297 million)> 17 commercial spaces (Maputo,

Matola, Beira, Tete, Nampula, Nacala)> 3.5% of the deposits market share> 3.5% of the loans market share> 334 employees

Units to open in 2014

Existing units

ZIMBABWE

ZAMBIA

TANZANIA

INDIANOCEAN

MOZAMBIQUE

Nampula

Nacala

Pemba

MALAWI

Tete

Beira

SWAZILAND

SOUTHAFRICA

Johannesburg

MaputoMatola

1 6 F i n a n c i a l S e c t o r

In 2012, the Américo Amorim Group became a shareholder of Banco Luso Brasileiro, which has been operating in Brazil for 25 years, on the basis of the historic ties between Brazil and Portugal. Following restructuring, the bank focused on credit operations to companies in the transport sector and also began to operate in foreign exchange portfolios.

BANK INDICATORS

Reais thousands 2010 2011 2012 2013 - NOV

Loans to customers 164,907 213,103 338,379 364,394

Customer deposits 274,279 325,285 357,136 342,952

Shareholders’ equity 40,108 43,321 107,447 107,685

Net profit -2,590 -24,993 -5,133 1,622

Total assets 370,593 421,291 524,812 525,206

Number of employees 119 123 96 93

Number of branches 3 3 2 2

BRAZIL

Continuing its recovery process, Brazil’s economic performance in 2013 improved compared to 2012 and that line of recovery is forecast to continue in 2014, with growth in investment higher that GDP growth. The FIFA World Cup to be held in Brazil will contribute to boosting the economy, with strong growth forecast for tourism and employment.

AN ECONOMY EN ROUTE TO RECOVERY

Rua da Corticeira, nº34 · Apartado 47 · 4536 - 902 Mozelos VFR · PortugalTel.: +351 227 475 800 · Fax: +351 227 475 801

www.grupoamericoamorim.com

FINANCIAL SECTOR2013

Editor: Amorim Holding II, SGPS, S.A. • Financial Sector 2013 • 1ª Edição: Abril 2014, Porto • 260 exemplares • Impressão: Lidergraf • Depósito Legal: 374282/14