Notice published in Diário da República no. 274/99 (III Series), of November, 24

MINISTRY OF SOCIAL EQUIPMENT

Instituto das Comunicações de Portugal

Notice

Statement of compliance of Portugal Telecom, S.A.'s cost accounting system

Instituto das Comunicações de Portugal (ICP) is responsible, under the terms of Paragraph 5 of the Order of the Ministry of Equipment, Planning and Territorial Administration no 15 021/99, of July 20 1999, and article 29 of Decree-Law no. 290-A/99, of July 30, for declaring the compliance of Portugal Telecom, S.A.'s analytical cost accounting system with Paragraph 3 of the said Order and points 3 and 4 of article 29 of the said Decree-Law.
Hence, in fulfilment of these terms, it is hereby made public that the statement of compliance of Portugal Telecom, S.A.'s cost accounting system, fconcerning the 1997 financial year, issued by ICP, is available to all interested parties in the Public Attendance Service of the Instituto das Comunicações de Portugal, Avenida de José Malhoa, 12, 1099-017 Lisbon, between 9.00 and 16.00, from Monday to Friday, and in the ICP's site.

November 9, 1999. - ICP Chairman, Luís Filipe Nunes Coimbra Nazaré