Holding(s) in Company

LUXEMBOURG/PORTUGAL--()--

ESPIRITO SANTO FINANCIAL GROUP

Société Anonyme

Registered Office: 22/24 boulevard Royal, L-2449 Luxembourg

R.C.S. Luxembourg B 22.232

Change in participations of major shareholders

Luxembourg/Portugal – 23 January 2014 - Espírito Santo Financial Group S.A. (“ESFG” or the “Company”) NYSE Euronext Lisbon: ESF; Bloomberg: ESF PL; Reuter: ESF LS) today announces a change in its principal shareholders:

Principal Shareholder   Number of shares   Voting Rights %
Espírito Santo Irmãos SGPS S.A. 101,995,636 49.26

(i) On 22 January 2014 Espírito Santo Irmãos SGPS S.A. (“ES Irmãos”) bought 81,231,725 ESFG shares, equivalent to 39.23% of ESFG’s issued capital and voting rights, from Espírito Santo International S.A. (“ESI”).

(ii) As at that date ES Irmãos already held 20,763,911 shares, corresponding to 10.03% of ESFG’s issued capital and voting rights. After the purchase of the additional shares ES Irmãos holds 101,995,636 shares equivalent to 49.26% of ESFG’s issued capital and voting rights.

(iii) ES Irmãos has been and continues to be 100% held, indirectly, by ESI. ES Irmãos’ voting rights are 100% held by Rio Forte Investments S.A. which in turn is held 100% by ESI.

(iv) Consequently as at 22 January 2014, 49.26% of ESFG’s voting rights continue to be held indirectly by ESI.

Espírito Santo Financial Group S.A.’s issued capital is EUR 207,075,338 represented by 207,075,338 shares. Each share corresponds to one vote.

Contacts:

Filipe Worsdell

Espírito Santo Financial Group S.A.

+44 203 429 2100

fworsdell@esfg.com

Faisal Kanth

Taylor Rafferty

+44 207 614 2900

faisal.kanth@taylor-rafferty.com

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The Espírito Santo Financial Group provides, through its subsidiaries, a global and diversified range of financial services to its clients including Commercial banking, Insurance, Investment banking, Stockbrokerage and Asset management in Portugal and internationally. For additional information on Espírito Santo Financial Group, its subsidiaries, operations and results, please visit the Company’s website on www.esfg.com

Short Name: Espirito Santo Fin
Category Code: HOL
Sequence Number: 405673
Time of Receipt (offset from UTC): 20140123T165011+0000

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