Mota-Engil Annual General Meeting Unanimously approves the agenda

The conditional free share distribution as an extraordinary dividend corresponding to 20% of the share capital of Mota-Engil Africa and its listing in a regulated Stock Exchange of an European Union member State was supported by the shareholders.

Mota-Engil Board of Directors proposed the possibility of extending the longstanding presence in capital markets of the Group to shareholders at the extraordinary general meeting held on December 27 by launching Mota-Engil Africa on a still to be decided upon European stock market.

Mota-Engil SGPS, S.A held its extraordinary general meeting at the offices of the Manuel António da Mota Foundation in the city of Porto with two items on the agenda which received both the unanimous approval of the 78% of the shareholdings represented.

Distribution of Mota-Engil Africa shares

The first item proposed to shareholders was for the distribution in kind of a conditional dividend to the shareholders of MOTA-ENGIL S.G.P.S., S.A. representing 20% of the share capital of MOTA-ENGIL ÁFRICA, the General Shareholders Meeting approved the operation, acknowledging the merits of the proposal, its adequacy to the Group’s strategy to give visibility to one of its most valuable assets, allowing for a large new shareholder base of investors with a growing interest in the African markets the possibility to invest and benefit directly from the Group’s activities in Africa, its largest and most profitable international market.

The process is expected to be completed by the end of the first half of 2014, its timing depending on the length of the administrative process for market offering.

Approval for potential disposal of equity capital

The second item on the agenda was also approved being a procedure for recurring and periodically renewed approval by shareholders for the Board to dispose of equity capital in the best market conditions and in keeping with the company’s strategy.

Mota-Engil Africa on a European stock market

At the end of the extraordinary general meeting the Chairman disclosed to the journalists present that there are “three markets under consideration – London, Lisbon and Amsterdam – with three factors under consideration which are fundamental: the visibility of the share, its liquidity as well as the timing necessary to go ahead” for the selection of the European stock market for the offering of the African sub-holding.