PT Multimédia announces approval of Strategic Plan

Wednesday, December 12th, 2007

PT Multimédia presented today its Stategic Plan until 2010

LISBON — Pursuant to Article 248 of Portuguese Securities Code (“Código dos Valores Mobiliários”), PT – Multimédia – Serviços de Telecomunicações e Multimédia, SGPS, S.A. (“PT Multimédia”) hereby informs the following:

The Board of Directors of PT Multimédia approved today the Company’s Stategic Plan until 2010, which was presented to the media this afternoon.

In order to ensure that shareholders and investors in general receive the same level of information, the document including the summary presentation of the Company’s Strategic Plan is disclosed through CMVM information disclosure system and PT Multimédia’s web site: www.pt-multimedia.pt.

The Stategic Plan of PT Multimédia includes the main objectives of the Company until 2010, a summary description of the most important aspects of the Company’s strategy as well as a reference to PT Multimédia intentions in relation to the shareholders remuneration and share buy back plan up to 10% of PT Multimédia’s share capital.

Details of the shareholders remuneration plan, including those related to the share buy back plan, as well as the capital structure optimization plan and the operational and financial guidance for the period between 2008 and 2010, will be disclosed to shareholders and to the market in general at the Investor Day to be held 17 January, 2008.