Corporate person and Lisbon Companies Registry no.: 502593130
DISCLOSURE
PAYMENT OF RESERVES
We hereby disclose that at the Company's Extraordinary General Meeting held today at 3 pm, the proposal of distribution of reserves in the gross amount per share of €1.252, corresponding to the total gross amount of € 99,996,455.00, to be distributed to shareholders in proportion to their holdings, excluding own shares in the portfolio, was approved.
The payment of the distribution of reserves shall be made as from 13 December, with the following value per share:
Net amount...........................................................
€ 0.901440 / € 0.939000
In addition, the final withholding tax rate shall be of 35% if the amount of dividends is paid or made available ("colocado à disposição") to: (1) accounts opened in the name of one or more holders, acting on behalf of unidentified third parties, unless the beneficial owner of such dividends is disclosed, in which case the general rules are applicable; and (2) non-resident entities without permanent establishment in Portuguese territory, which are domiciled in a country, territory or region subject to a clearly more favorable tax regime, according to the list approved by Decree of the Minister of Finance.
The amount will be paid through the Central de Valores Mobiliários, in accordance with the respective regulations, and the Paying Agent appointed for this purpose is Banco Comercial Português, S.A.
Shareholders are also informed that for the purposes of benefiting from a tax exemption, waiver or reduction of the withholding rate for personal/corporate income tax (IRS/IRC), entitled shareholders should demonstrate and provide evidence of all the relevant facts and information/documentation required to duly evidence that they meet all the requirements for entitlement to such exemption, waiver or reduction to the financial intermediary in which they have registered and deposited their shares.
It is also informed that shares traded on stock exchange as of 09 December 2022 (inclusive) will no longer be eligible to receive reserves.
Semapa - Sociedade de Investimento e Gestão SGPS SA published this content on 30 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2022 20:02:09 UTC.
Semapa is a diversified group organized around 3 sectors of activity:
- production of paper and pulp (78.9% of net sales);
- production of cement and building materials (19.3%): primarily cement and clinker, aggregates, mortar and ready-to-use concrete;
- environmental services (1.8%).
Net sales are distributed geographically as follows: Portugal (24.5%), Europe (43.8%), Americas (14.1%), Africa (12.1%) and Asia (5.5%).
SEMAPA 
