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On the 24th of July at 10:00 a.m. IGCP.....>

PORTUGAL
PORTUGAL: On the 24th of July at 10:00 a.m. IGCP is going to perform an exchange
offer of the Portuguese Government bonds (PGB) maturing in 2020 and 2021:
IGCP buys
ISIN: PTOTECOE0029- OT 4.80 15 June 2020
ISIN: PTOTEYOE0007- OT 3.85 15 April 2021
- Into any combination of 2026 and 2028:
IGCP sells
ISIN: PTOTETOE0012 - OT 2.875 21 July 2026
ISIN: PTOTEVOE0018 - OT 2.125 17 October 2028

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