Published in D.R. number 87 (Series I-A) of 14 April 1999

Ministerio das Finanças (Ministry of Finance)

Decree-Law

(This is not an official translation of the law)

Portugal Telecom, S. A., abbreviated as PT, was created through a merger, whose terms were regulated by Decree-Law no. 122/94 of May 14.

The first phase of the privatisation process of PT, approved by Decree-Law no. 44/95 of February 22, and regulated by the Council of Ministers resolution no. 43-A/95 of May 4, consisted of the sale of shares representing about 27.26% of the respective share capital. During the 2nd phase of the privatisation, that was approved by Decree-Law no. 34-A/96 of April 24, and regulated by the Council of Ministers resolutions no. 67-A/96 of May 10, and 75-A/96 of May 24, the sale of shares corresponding to about 21.74 % of the share capital took place. In the 3rd phase of the privatisation, which was approved by Decree-Law no. 226-A/97 of August 29, and regulated by the Council of Ministers Resolutions no. 149-A/97, of September 11, and 167/97, of October 6, about 26% of the share capital was privatised.

All the phases were carried out through a public offer of sale in the domestic market and a direct sale to both Portuguese and foreign financial institutions, which executed the following distribution of the shares purchased to institutional investors in the domestic and international markets.

The 3rd phase also include a strategic direct sale via which shares were sold to telecommunications operators in the ambit of PT's strategic partnership agreements.

The 4th phase of the privatisation process of Portugal Telecom is now approved. This phase is to be carried out, in similarity with previous phases, through a public offer of sale in the domestic market and direct sale, which are operations that shall permit the sale of ordinary shares representing a percentage of not more than 13.5% of the company's share capital.

Within the public offer of sale, share lots shall be reserved for purchase by company workers, small subscribers and emigrants, as well as holders of PT bonds. The remaining shares shall be offered to the general public. In the direct sale shares shall be sold both to domestic and foreign financial institutions, which shall be bound to carry out the respective distribution to institutional investors in both the domestic and international markets. It is thus intended to build a diversified and effective shareholding structure, ensuring, likewise, the presence of Portugal Telecom in international markets.

Given that PT is a company whose share capital has not been fully privatised, during the 4th phase of privatisation permission is granted to increase the company's share capital and issue bonds that may be converted into PT shares. The implementation of either or both of the said operations, that does not have to necessarily take place at the same time as the sale of shares, shall be governed in general terms by a decision of the company's shareholders. In the event of a decision in favour of such operations, the State and PARTEST are authorised to sell the preference shares that they hold under the conditions to be established by a Council of Ministers resolution. The issue of convertible bonds will be fully subscribed by a subsidiary of PT or a financial institution. In the event that the issue is subscribed by a subsidiary of PT, it will be bound, under the terms and conditions established in the approved book of specifications, to issue securities that confer the right of ownership to ordinary shares of PT and conduct the respective distribution to institutional investors in the capital markets, in particular the international markets, thus aiming to secure greater diversification of the company's shareholding structure.

After the conclusion of this 4th phase of the privatisation process of Portugal Telecom, the State shall keep a reference shareholding position in the company's share capital of about 10%.

Thus:
 
Under the terms of the legal regime established by Law no. 11/90 of April 5 and paragraphs a) and c) of point 1 of article 201 of the Constitution, the Government hereby decrees the following:

Article 1
Object

The 4th phase of the privatisation process of the share capital of Portugal Telecom, S. A., hereinafter called PT, is hereby approved. This process shall be regulated by this Decree-Law and the resolutions of the Council of Ministers that establish the final and specific conditions of the necessary operations for its implementation. 

Article 2
4th phase

1. The sale of ordinary shares representing a percentage of not more than 13.5% of PT's share capital is hereby authorised.

2. PARTEST Participações do Estado, SGPS, S. A., shall execute the sale of PT shares specified in the previous point, according to the rules referred to in article 1.

3. The number of shares to be sold within the scope of the 4th phase of the privatisation process of PT shall be established through a Council of Ministers resolution, in conformity with the terms of point 1.

4. The sale referred to in point 1 shall be carried out through a public offer of sale in the domestic market and direct sale to a set of financial institutions, which shall be bound to carry out the following distribution of the shares, partly in international markets, with the purpose of consolidating PT's desired degree of internationalisation and affirm the presence of this country and its companies in the international capital markets.

5. Without prejudice to the limit established in point 1, one supplementary lot destined to the direct sale may also be sold, in the event that it is deemed necessary in order to uphold the commitments assumed by the financial institutions following their duty to distribute shares.

6. The 4th phase of the privatisation of PT's share capital may also include, in the event that PT's competent governing bodies so decide, one or both of the following operations:

a) An increase in PT's share capital through new entry of cash;
b) Issue of bonds that may be converted into PT shares.

7. The sum of the nominal value of shares that may be issued following the operations specified in the previous point may not exceed 15% of PT's current share capital.

8. For the purposes of the present Decree-Law, the current share capital is to be calculated with the inclusion of any increase in share capital as the result of incorporation of reserves that has been decided prior to the said operations or that is decided simultaneously with such operations.

9. Any of the operations specified in point 6 may be carried out before, simultaneously, or after the sale specified in point 1.

10. PT shall request that all shares sold or issued following the operations specified in point 6 be quoted in the Lisbon Stock Exchange and other foreign stock markets chosen by it.

Article 3
Public offer of sale

1. The number of shares that shall be the object of the public offer of sale shall be established through a Council of Ministers resolution.

2. A lot of shares shall be reserved for purchase by PT workers, small subscribers and emigrants.

3. Those PT workers, small subscribers and emigrants that keep the shares purchased within the scope of the reserve established in the previous point for a one year period from the day of the special Stock Exchange session destined to the execution of the public offer of sale shall be entitled to receive from PARTEST Participações do Estado, SGPS, S. A., PT shares in the proportion to be established in a Council of Ministers resolution, in accordance with the limit established in point 1.

4. For the purpose of the terms of the previous points, PT workers shall be considered to be persons that, under the terms and within the scope of article 12 of Law no. 11/90 of April 5, are or have been working for Portugal Telecom, S. A., or for the companies that originated its merger or the entities that gave rise to the said companies.

5. A lot of shares shall be reserved for purchase by those holding PT bonds, at the price that is to be established for the general public.

6. For the purposes of the previous point, holders of PT bonds are considered to be entities that, on December 31 1999, held at least 100 bonds that, at the date of beginning of the public offer of sale, have been admitted for quotation in the Stock Exchange and maintain the said bonds until the end of the period of the public offer of sale.

7. The shares that are the object of the public offer of sale which are not included in the reserves referred to in point 2 and 5, as well as any shares not sold within the scope of these points, shall be offered to the general public.

Article 4
Period of unavailability for shares reserved to workers, small subscribers and emigrants

1. The shares purchased by company workers, small subscribers and emigrants, within the scope of the reserve specified in point 2 of article 3 shall remain unavailable during a three-month period.

2. The period of unavailability shall be calculated from the day of the special Stock Exchange session for the execution of the public offer of sale.

3. During the period of unavailability, the respective shares shall not be burdened or subject to legal deals aiming at the transfer of the respective ownership, even when such deals only enter into force at a future date.

4. Any and all deals concluded in breach of the previous point, regardless of whether concluded before the beginning of the period of unavailability, are null and void.

5. Shares purchased by small subscribers and emigrants within the scope of the reserve referred to in point 2 of article 3, shall not confer voting rights, during the period of unavailability.

6. During the period of unavailability, the voting rights that are inherent to shares purchased by PT workers may not be exercised by third parties.

7. Any and all deals through which workers are obliged to exercise voting rights that are inherent to the shares referred to in the previous point, in a specific manner during the period of unavailability, are null and void, regardless of whether they were concluded before that period.

8. The annulments foreseen under points 4 and 7 may be judicially declared, after request by the Public Prosecutor, without prejudice to their application, under the general terms of law, by any interested party, including PT itself. 

Article 5
Direct sale

1. The shares that are not intended for the public offer of sale, as well as those that are not sold within the scope of that offer, shall be the object of direct sale to a set of both Portuguese and foreign financial institutions.

2. The purchasing financial institutions shall be bound to carry out the following distribution of the shares that are the object of the direct sale.

3. Part of the shares to be distributed as specified in the previous point shall be placed in the international markets.

4. The definition of the specific conditions that shall regulate the direct sale and the following distribution of shares that are its object shall be included in book of specifications to be approved through a Council of Ministers resolution.

5. For the purpose of registering shares, as well as their subjection to the payment of any fees, emoluments or commissions that are legally due, it is considered as a single transaction the direct sale and the following distribution referred to in the previous point. 

Article 6
Alteration of the objects of the public offer of sale and of the direct sale and sale of a supplementary lot

1. Should the demand of the public offer of sale exceed the number of shares that are its object, the lot intended for direct sale may be reduced by a percentage of not more than 30% of the number of shares that, under the terms of point 1 of article 3, is destined for public offer of sale, thus adding to the public offer of sale the number of shares taken away from the direct sale.

2. Should the demand shown in the process of collection of prior buying intentions exceed the number of shares that are the object of the direct sale, the destined lot may be increased by a percentage of not more than 30%, reducing by the corresponding amount the lot destined to the public offer of sale.

3. The sale of a supplementary lot of shares may be contracted with the purchasing financial institutions, as long as such a sale is deemed necessary to uphold the commitments assumed by the financial institutions, bearing in mind the fulfilment of the obligation of distribution of the shares referred to in point 2 and 3 of article 5, without prejudice to the limit established in point 1 of article 2.

4. The supplementary lot referred to in the previous point may not have as its object a percentage higher than 10% of the number of shares that, under the terms of paragraph d) of point 2 of article 10, is destined to the public offer of sale and the direct sale.

5. The sale of the shares that are the object of the supplementary lot referred to in point 3 shall be carried out within 30 calendar days from the date of signature of the direct sale and placement contracts.

6. The regime and unit price of sale of the shares that are the object of the supplementary lot shall be identical to that of the shares that are the object of the direct sale. 

Article 7
Increase in share capital

1. The increase in share capital specified in paragraph a) of point 6 of Article 2 should observe the following conditions:

a) Should be carried out in the modality of new entry of cash, and should be fully paid-up in the act of subscription;
b) Should not exceed 15% of PT's current share capital, without prejudice to the global limit specified in point 7 of Article 2.

2. The increase in share capital may be carried out with the suppression of shareholders' preference rights, if PT's general meeting so decides, and should in this case be offered to public subscription without prejudice to the terms of point 4.

3. If the increase in share capital is carried out without suppression of shareholders' preference rights, the State and PARTEST are authorised to sell the respective rights, inherent to the shares that they hold, under the terms and conditions to be established via a Council of Ministers resolution.

4. Irrespective of whether or not there is suppression of shareholders' preference rights, a part of the increase in share capital and/or the shares that are not placed within the scope of the public offer of sale may be destined for distribution via financial institutions to institutional investors, including part in international markets. 

Article 8
Issue of convertible bonds

1. In order to obtain a greater degree of diversification of PT's shareholding structure, bonds may be issued that are that are convertible to PT ordinary shares, as specified in paragraph b) of point 6 of Article 2, with suppression of shareholders' preference rights, entirely reserved to subscription by a financial institution or by a company that is totally directly or indirectly controlled, by PT, even if such a company has its registered office abroad.

2. The number of PT shares that may be issued within the increase of share capital, using conversion of the amount of bonds in entries of cash, applying the conversion ratio and price established in the issue decision, may not exceed 5% of PT's current share capital, without prejudice to the global limit specified in point 7 of Article 2.

3. Provided that the conversion rates are maintained, the maximum number of PT shares that may be issued, under the terms of the previous point, may be increased, through modification of the bond issue conditions, in the event of occurrence of one or more of the situations specified in Article 368 of the Companies Code or a similar such situation, under the terms specified in the issue decision.

4. In the event of occurrence of the situations referred to in point 1 of Article 368 of the Companies Code, in particular in the case specified in PT's articles of association, it is possible to increase the maximum number of PT shares that may be issued provided that this is accepted by the entity acquiring the convertible bonds.

5. The company controlled by PT as specified in point 1 is obliged to issue securities that confer ownership to PT shares and conduct the subsequent distribution of such shares to institutional investors in the capital markets, in particular international markets, and may only subscribe to PT shares through conversion on behalf of, and for attribution to, the holders of the said securities.

6. The bonds that may be converted into PT shares issued under the terms of the present Decree-Law are not to be considered for the purposes of Article 349 of the Companies Code.

7. Approval is hereby given to the book of specifications provided in the annex to the present Decree-Law, that define the conditions under which bonds that may be converted into PT shares may be issued and acquired, as well as the issue and subsequent distribution of securities that confer the right to ownership of PT ordinary shares by the company controlled by PT referred to in point 1. 

Article 9
Re-denomination of the share capital in euros

The increases in PT's share capital referred to in Articles 7 and 8 may be decided in euros in the same general meeting in which it is decided to re-denominate all or some of PT shares in euros, as well as the corresponding increases in share capital as a result of incorporation of reserves. In either case, before registration of these re-denominations, the decisions concerning the increases in share capital specified in Articles 7 and 8 will only take effect at the moment in which prior registration has been made.

Article 10
Regulation of the 4th phase of the privatisation

1. The final and specific conditions of the necessary operations for the execution of the 4th phase of the privatisation process of PT shall be established by the Council of Ministers, through the approval of one or more resolutions.

2. In the resolutions referred to in the previous point, the Council of Ministers shall, namely:

a) Establish the number of shares to be sold in the 4th phase of the privatisation process of PT, under the terms of point 3 of article 2;
b) Establish, under the terms of point 1 of article 3, of point 1 of article 5 the number of shares destined to the public offer of sale and direct sale without prejudice to implementation of the possibilities established under points 1, 2 and 3 of article 6;
c) Determine the forms whereby the sale prices shall be established;
d) Establish, in accordance with article 24 of Law no. 11/90 of April 5, the terms in which the original holders of public debt certificates deriving from the nationalisations and expropriations may use, at par value, the respective compensation certificates for the payment of the PT shares to be sold within the scope of the 4th phase of the privatisation process.

3. Concerning the public offer of sale, the Council of Ministers resolutions specified in point 1 shall, namely:

a) Establish, under the terms of point 2 of article 3, the number of shares reserved for purchase by PT workers, small subscribers and emigrants;
b) Establish, under the terms of point 5 of article 3, the number of shares reserved for purchase by holders of PT bonds;
c) Establish, under the terms of points 1 and 7 of article 3, the number of shares to be offered to the general public;
d) Establish the pro rata distribution criteria;
e) Foresee the transfer to the remaining lots of the offer any shares not sold within the scope of any lot;
f) Establish the special purchasing conditions of shares that PT workers, small subscribers and emigrants, shall benefit from in particular the price, and with regards to the workers, the payment term;
g) Regulate the terms in which shares may be purchased by holders of PT bonds;
h) Establish the proportion and delivery conditions of the shares referred to in point 3 of article 3;
i) Establish the minimum and maximum number of shares that may be purchased by each person or entity within the categories of investors referred in paragraphs a), b) and c).

4. Regarding the direct sale, the Council of Ministers resolutions referred to in point 1 shall, namely:

a) Approve the book of specifications specified in point 4 of article 5;
b) Identify the financial institutions that shall purchase shares within the scope of the direct sale, in agreement with points 1 and 2 of article 5;
c) Establish, under the terms of points 3 and 4 of article 6, the maximum number of shares that may be the object of the supplementary lot.

5. In the event that it is decided to increase the share capital, under the terms of paragraph a) of point 6 of article 2 and point 3 of article 7, without suppression of PT shareholders' preference rights, the Council of Ministers resolutions referred to in point 1 shall establish the sale conditions of the preference rights inherent to the shares held by the State and by PARTEST. 

Article 11
Price determination

1. The Council of Ministers shall establish the unit prices of the sale of the PT shares within the scope of the public offer of sale and the direct sale, in accordance with the criteria that are determined under the terms specified in paragraph c) of point 2 of article 10.

2. The price to be established for the shares that are the object of the direct sale shall not be lower than the price established for the shares that are the object of the public offer of sale.

3. The power specified in point 1 may be delegated to the Minister of Finance, with the possibility of sub-delegation to the Secretary of State of the Treasury and Finance.

Article 12
Limit to the participation in the share capital

1. No entity, whether single person or corporate body, may purchase, within the scope of the operations foreseen in this Decree-Law, shares representing more than 5% of PT s share capital, thus being reduced to this limit any purchase proposals that exceed the limit.

2. For the purposes of the previous point, are regarded as the same body two or more companies which between themselves enjoy a relationship of simple interest or reciprocal interest of a sum higher than 50 % of the share capital of one of them or a majority of which is held by the same partner.

3. The terms of point 1 do not apply:

a) To institutions which in connection with the issue of programmes of the American Depositary Receipts (ADR) or the Global Depositary Receipts (GDR) act as depositaries or custodians of PT shares and hold accounts in their name at the Securities Exchange;
b) To international settlement houses for PT shares registered in the securities accounts open in their name in institutions of custody, registered with the Securities Exchange. 

Article 13
Advertisement of participations

Within 60 days from the date of the special Stock Exchange session destined to the execution of the public offer of sale, PT shall publish, under the terms of point 2 of article 339 of the Securities Market Code, the list of shareholders whose participation is equal to or over 1% of the respective share capital, indicating the number of shares held by each of the said shareholders.

Article 14
Delegation of powers

Without prejudice to the terms of article 10 and 11, the powers required to determine the remaining accessory conditions that are deemed convenient and to carry out the execution of acts that prove necessary for the accomplishment of the operation shall be delegated to the Minister of Finance, with the possibility of sub-delegation to the Secretary of State of the Treasure and Finance, in order to conduct the privatisation operation specified in this Decree-Law.

Article 15
Exercise of voting rights

1. For the purposes of the terms of paragraph b) of point 2 of Article 384 of the Companies Code, the votes of the shares held by entities in the situations specified in article 346 of the Securities Market Code shall be considered to be subject to the counting limit, whereas the limit of each entity covered shall be proportional to the votes to be issued.

2. The entities that, under the terms of article 346 of the Securities Market Code, establish a shareholding equal or higher than 10% of the voting rights of share capital of PT, must communicate this fact to the board of directors within five days after the date in which this ownership is established, and the respective voting rights may not be exercised until such communication has been made.

3. For the purposes of the terms of the previous points, PT's shareholders have the duty to provide the company's board of directors with all information requested by the latter, in writing and in a complete, objective clear and truthful manner, so as to fully satisfy the request made.

4. Failure to comply with the duty to provide information specified in points 2 and 3, results in a prohibition to use all voting rights, that under the terms of article 346 of the Securities Market Code, shall be considered to include the shareholding of the entity that is in breach of its obligation.

5. Registration shall be made in the minutes of the general meeting in regards to whether the shareholders owning shares that are to considered to be included within the holding were present or not, or were represented in the general meeting, and whether they exercised their voting rights and in this case the manner in which votes were cast, as well as information in relation to each shareholder, on the voting rights that were not counted, under the terms of point 1 of article 15.

6. Any decision taken using prohibited voting rights or voting rights that may not be counted is annulled, unless it can be proved that the identical decision would have been taken if such rights had not been exercised or counted.

7. The terms of point 3 of article 19 of Decree-Law no. 44/95, of February 22 remains in force.

8. PARTEST - Participações do Estado, SGPS, S. A., is considered to be equivalent to the State for the purposes of point 3 of article 384 of the Companies Code.

Article 16
ADR or GDR depositaries and fulfilment of voting rights

1. Within the scope of American Depositary Receipts (ADR) or Global Depositary Receipts (GDR) programs, whose object are PT shares, it shall be considered as PT shareholders, for the due purposes and in conformity with the following point, the holders of American Depositary Receipts (ADR) or Global Depositary Receipts (GDR) and, as their mere representative, the entity whose name is written on the shares.

2. Due to the terms of the previous point:

a) It is applicable to the entity whose name is written on the shares that serve as the basis for the issue of American Depositary Receipts (ADR) or Global Depositary Receipts (GDR) programs the terms of article 385 of the Companies Code for the representative;

3. The limitation of vote counting that is established in the law or articles of association shall refer to the votes executed on the account of each holder of American Depositary Receipts (ADR) or Global Depositary Receipts (GDR), considering for this purpose the situations specified in article 346 of the Securities Market Code.

4. The limitation of counting of votes issued by an entity representing a third party does not apply to entities whose name is written on PT shares that are the basis for American Depositary Receipts (ADR) or Global Depositary Receipts (GDR) programs.

5. The terms of points 1 to 6 of Article 15 apply to the holders of ADR or GDR, and the information therein referred should be requested by the entity mentioned in paragraph a) of point 2 of the present article and should be provided via this entity. 

Article 17
Exemptions from fees and emoluments

1. Any and all public deeds and alteration registrations of PT's partnership agreement deriving from the terms of this Decree-Law are exempt from any fees and emoluments.

2. For the purposes of the previous point, it is considered, namely, the conversion of type A shares in ordinary shares, as well as any possible modifications intended to confer to PT's board of directors the powers specified in point 1 of article 350 and point 1 of article 456 of the Companies Code as well as all alterations of the partnership contract that are contemporary to that.

3. The transfer of PT shares from the State to PARTEST Participações do Estado, SGPS, S. A., destined to be sold within the scope of the 4th phase of the privatisation process of PT is exempt from the payment of an out of Stock Exchange operation fee. 

Article 18
Entry into force

This Decree-Law shall enter into force the day after its publication.

Book of specifications for the issue of bonds that may be converted into Portugal Telecom shares
 

Article 1
Object

The present book of specifications under the terms of the Companies Code and the Decree-Law that approves these specifications, regulates the issue of bonds that may be converted into ordinary shares of Portugal Telecom S.A., hereinafter called PT, that may be decided by PT's relevant governing bodies, as well as the subscription and subsequent ownership of bonds and issue of securities that confer the right to ownership of the said shares.

Article 2
Issue conditions

1. The bond issue may be decided by PT's board of directors, provided that the shareholders provide due authorisation, under the terms of the company's articles of association.

2. In the event that under the terms of the issue decision, the nominal value of the convertible bonds is expressed, in its entirety or in part, in a currency that is not legal tender in Portugal, the equivalent amount in the legal tender in Portugal set in the issue decision is to be considered for the purposes of the calculation of the limit established in point 2 of article 8 of the Decree-Law that approves the present book of specifications.

3. The issue decision shall establish the basic principles and conversion rates, in accordance with point 2 of article 8 of the Decree-Law that approves the present book of specifications, and shall identify the entity that will fully subscribe to the issue, which shall be either a financial institution or a company that is fully controlled by PT, either directly or indirectly, even if its registered office is abroad.

4. The issue shall foresee the cases in which, in accordance with point 3 of article 8 of the Decree-Law that approves the present book of specifications, it shall be possible to modify the maximum number of shares to be issued for conversion and will define in detail the terms and conditions of the said modification.

5. The terms of the modification specified in the previous point, as well as the alterations of the issue conditions resulting from this modification, shall be established in accordance with normally accepted international practises for similar operations and shall respect the obligation to maintain the initial conversion rates.

Article 3
Obligations of the purchasing entity

1. The company controlled by PT referred to in point 1 of article 8 of the Decree-Law that approves the present book of specifications, is obliged to issue, simultaneously or subsequently, securities that confer the right to ownership of PT ordinary shares and conduct or ensure the implementation of the conversions intended to satisfy the acquisition rights that correspond to the securities to be issued.

2. The company controlled by PT referred to in point 1 is obliged to ensure the conduct of the operations required to distribute the securities to be issued under the terms of the previous point, to institutional investors in the capital markets, in particular the international markets.

3. The distribution operations referred to in the previous point shall follow the international practise of collection of prior buying intentions (bookbuilding), with application of the attribution criteria that best suits PT and that shall be subject to a prior agreement between the placement institutions and the entity acquiring the convertible bonds.

4. The entity acquiring the convertible bonds shall be obliged to not sign any legal agreement whose object is the bonds or rights inherent to such bonds, with the exception of agreements to satisfy the rights inherent to the securities specified in point 1. The entity acquiring the convertible bonds shall only exercise conversion rights in order to satisfy the corresponding rights of the owners of securities that confer the right to ownership of PT ordinary shares, on behalf of the latter, and for attribution to the latter.

5. Any business agreement signed in breach of the previous point is null and void, unless authorised by the Minister of Finances, on request by PT, the entity acquiring the bonds and the entities with which the business agreement is to be signed.

Article 4
Obligations of Portugal Telecom

During the period in which it is possible to request the conversion of the bonds to be issued, PT is obliged to maintain full direct or indirect control over the company referred to in point 1 of article 3.

Seen and approved in the Council of Ministers meeting of March 11, 1999 António Manuel de Oliveira Guterres - João Carlos da Costa Ferreira da Silva.

Enacted on March 30, 1999.

Let this be published President of the Republic, JORGE SAMPAIO.

Counter-signed on April 6, 1999.

Prime Minister, António Manuel de Oliveira Guterres.