SONAE SIERRA, SGPS, SA
Head Office: Lugar do Espido, Via Norte, Maia
Share Capital: € 162,244,860.00
Maia Commercial Registry and fiscal Number: 502 290 811
(translation from Portuguese original)
INSIDE INFORMATION ANNOUNCEMENT
Sonae Sierra informs that its subsidiary Sonae Sierra Brasil S.A., a company incorporated in accordance with the Brazilian law, has announced, on February 6th, the sale of an additional minority ownership stake in Shopping Penha to CSHG Brasil Shopping FII, a fund managed by Credit Suisse Hedging-Griffo.
Sonae Sierra Brasil sold 5.1% of Shopping Penha to CSHG Brasil Shopping FII for R$ 11.5 million in cash.
With the transaction, Sonae Sierra Brasil has reduced its ownership in Shopping Penha from 56.1% to 51.0%, maintaining the controlling ownership stake and management of this shopping centre.
Shopping Penha is located in the east region of the city of São Paulo and has 29.600 m2 of GLA.
Maia, February 7th 2012
Edmundo Figueiredo
(Investor Relations)