0001193805-13-000084 Sample Contracts

PORTUGAL TELECOM, SGPS, S.A. AND DEUTSCHE BANK TRUST COMPANY AMERICAS As Depositary AND OWNERS AND HOLDERS OF AMERICAN DEPOSITARY SHARES Fourth Amended and Restated Deposit Agreement Dated as of , 2013
Deposit Agreement • January 18th, 2013 • Deutsche Bank Trust Co Americas/ ADR Group • Radiotelephone communications • New York

FOURTH AMENDED AND RESTATED DEPOSIT AGREEMENT dated as of ________, 2013 among Portugal Telecom, SGPS, S.A., incorporated under the laws of Portugal (herein called the Issuer), Deutsche Bank Trust Company Americas, an indirect wholly owned subsidiary of Deutsche Bank AG, acting in its capacity as depositary, and any successor depositary hereunder (herein called the Depositary), and all Owners and holders from time to time of American Depositary Shares issued hereunder.

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