Million Euros 1Q15 % T 1Q14 % T

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2 Highlights > Turnover reached 483 million > GROUP s international activity outside Europe reached 64% of total > Turnover increased by 11% year on year (YoY) in Europe and 21% YoY in Latin America > EBITDA margin dropped to 13.5% driven by change in regional mix > Order book increased to 4.6 billion (78% of which outside Europe) > EGF not yet consolidated as Competition Authority s non-opposition statement is still pending Turnover 1 st Quarter Group EBITDA 1 st Quarter Group Million Euros Million Euros Abroad Europe thousand euros 1Q15 % T 1Q14 % T (non audited) (non audited) Turnover 483,464 (0.9%) 487,694 Europe 196, % 176,810 Africa 187,173 (19.1%) 231,258 Latin America 122, % 101,078 Other & Interc. (23,047) (21,452) EBITDA 65, % (13.5%) 75, % EBIT 33, % (29.9%) 47, % Net financial income (18,145) (3.8%) 27.9% (25,166) (5.2%) Net income/losses from equity method 3, % - (2,813) (0.6%) Income before taxes 19, % (2.6%) 19, % Net income 8, % (35.5%) 12, % Attributable to: Non-controlling interests 4, % (11.1%) 5, % roup 3, % (53.7%) 7, % EBITDA = operating result + amortisation + provisions and impairment losses The accounts that integrate this report have not been audited 2

3 Index Highlights 2 Interim Management Report 5 Financial analysis 6 Analysis by business Area 11 Mota-Engil on the stock market 15 Interim Consolidated Financial Information Consolidated Income Statement 19 Consolidated Statement of Comprehensive Income 20 Consolidated Statement of Financial Position 21 Statement of Changes in Equity 22 Consolidated Statement of Cash Flows 24 Notes to Consolidated Financial Statements 25 3

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6 1. Financial analysis Turnover 1 st Quarter Group Europe - E&C 21% Turnover 1 st Quarter 2015 Business areas Europe 36% Europe - E&S 15% 300 Million Euros Latin America 25% Africa 39% As stated in the management report of the 2014 annual report, 2015 will be a transitional year, namely for the activity in Africa following the completion of the Nacala project. As a result, the following analysis will compare the GROUP S global performance in the quarter with, not only the first quarter of 2014, but also to the first quarter of As such, it is worth mentioning not only the ability to maintain Turnover at a similar level to that of the two aforementioned quarters but also the fact that the revenues mix was more evenly split among the regions Europe, Africa and Latin America as shown in the above chart. The weight of the activity outside Europe reached, in the first quarter of 2015, 64% of total Turnover (first three months of 2014: 68%). This evolution was mainly due to the change in the previous downward trend of Turnover in Europe already mentioned in the last two quarters and that has been reinforced by the positive evolution of the order book in this region. Besides, as stated before, the non-opposition statement from the Competition Authority on the EGF acquisition was not yet released and therefore the results herein presented do not include the activity of that set of companies. 6

7 EBITDA 1 st Quarter Group EBITDA 1 st Quarter 2015 Business areas Europe 31% Europe - E&S 16% 60 Europe - E&C 15% Africa 52% Million Euros Latin America 17% As a result of the change in the contribution of the regions to Turnover, Earnings before interest, taxes, depreciation and amortization (EBITDA) went down, YoY, though similar to the figure obtained in the first quarter of 2013: 65 million. The lower activity in Africa, which is expected to be short-lived, and therefore its lower contribution to EBITDA (from 66% to 52%), was the main reason behind the above mentioned performance. Capex 1 st Quarter 2015 Group Capex Evolution Latin America 34% Europe - Europe - E&C E&S 5% 5% Africa 56% Million Euros Q14 9 1Q15 Europe - E&C Europe - E&S Africa & Latin America Following the strong capital expenditure (capex) effort of the last quarters aiming at providing the adequate level of equipment to face the start of several projects mainly in Africa and Latin America, the first quarter 2015 net figure was actually 10 million. 7

8 Total Net Debt Evolution Total Net Debt Maturity Evolution Dec Mar- 15 Million Euros Q 2Q 3Q 4Q Million Euros % % % % % % 21 3% 20 1% 1 year 2 years 3 to 5 years over 5 years The usual seasonality occurred once again in the first quarter of the current year in terms of the financial performance and the working capital evolution. As a result, net debt increased as compared to 2014 FY (1Q15: 1.3 billion versus 1.2 billion in December 2014). Net debt to EBITDA ratio went up to 3.2x, still a comfortable level, which does not jeopardize the downward trajectory started nearly four years ago. The average maturity of the debt was extended, as is the GROUP s goal, due to the seasonality, market conditions and some short-lived measures in terms of refinancing the debt, with the gross debt maturing more than one year decreasing its share to 62% of the total, or 785 million. As stated, the GROUP remains committed to continuing to extend the maturities of its debt, decrease its short term portion, increase liquidity (short term facilities and cash in its balance sheet) and attentive to its financing needs to support the activity s growth. Evolution of Total Net Debt / EBITDA Evolution of Total Net Debt / EBITDA 5, ,0 4,0 4,0 3,0 3,0 2,0 1T 2T 3T 4T 2,0 mar-11 jun-11 set-11 dez-11 mar-12 jun-12 set-12 dez-12 mar-13 jun-13 set-13 dez-13 mar-14 jun-14 set-14 dez-14 mar-15 8

9 Net Financial Income 1 st Quarter Group Net Income 1 st Quarter Group Million Euros Million Euros In the first quarter of 2015, net financial expenses reached 18.1 million (first three months of 2014: 25.2 million), down 28%, YoY. As a result, the aforementioned reduction came mainly from higher interest income, lower costs related to bank guarantees and other banking services related to large projects, as well as to better pricing obtained in new loans. 50 Net Income Composition 1 st Quarter 2015 Group 50 Net Income Composition 1 st Quarter 2014 Group Million Euros EBIT Financial Equity Method Tax MI Net income Million Euros EBIT Financial Equity Method Tax MI Net income Income from equity accounted companies had a positive contribution of 3.9 million (first three months of 2014: negative contribution of 2.8 million). ASCENDI, the sub-holding for the concessions business had a contribution of 4 million to this item (first quarter of 2014: 2.9 million). As a result of this operational and financial performance, the net margin reached 1.7% in the first quarter of the year and net income decreased to 3.4 million (first quarter of 2014: 7.3 million). Comparing with the fourth quarter of 2014, net income increased noticeably as it only had reached 0.8 million, in that period. 9

10 Backlog Evolution 3,357 3,870 4,413 4,624 Backlog March 31, 2015 Europe E&C 17% Latin America 44% Europe E&S 5% Million Euros Q15 Africa 34% The order book at the end of March 2015 further increased to 4.6 billion, of which approximately 3.6 billion outside Europe, or approximately 78% of the total order book. It is worth highlighting the figure reached in Latin America, but also in Africa. These figures exclude the contract in Cameroon and Democratic Republic of Congo ( 2.6 billion) because the project s financing is still pending (as stated in a release as of June 5th, 2014). As is usually the case, the order book only includes construction, waste management and maintenance contracts. The GROUP excludes from the order book expected revenues stemming from water, sanitation and port terminal concessions. 10

11 2. Analysis by business area Europe 280 Turnover 1 st Quarter E&C E&S 30 EBITDA 1 st Quarter E&C E&S Million Euros Million Euros Europe s business area includes the businesses and companies in Engineering & Construction and Environment & Services in Portugal and Central Europe and the ones that are managed by the region s management s structure. The activities in Environment & Services include logistics (through TERTIR), waste management (through SUMA), water (through INDAQUA, a company that is equity consolidated) and Energy & Maintenance. The GROUP S turnover in Europe rose approximately by 11% YoY in the first quarter, year on year, to million. Turnover in Engineering & Construction increased by 16% YoY whereas in Logistics it surged by 11% YoY. Notwithstanding, the EBITDA margin, still very high, decreased YoY to 7.9% on a lower margin in Engineering & Construction (mainly in Portugal due to the lack of works). The margin in Environment & Services was broadly unchanged despite some minor fluctuations in each division. Nonetheless, the margin obtained in the Engineering & Construction division is still higher than that of the main players in the marketplace due to the GROUP s ability to mitigate the risks stemming from other players very aggressive commercial policies. 11

12 Turnover 1 st Quarter Q14 1Q EBITDA 1 st Quarter Q14 1Q15 Million Euros 25 0 E&C E&S - W aste E&S - Logistic E&S - Energ. & Mai n. Million Euros 2 0 E&C E&S - Waste E&S - Logistic E&S - Energ. & Main. As previously mentioned, the segments belonging to the Environment & Services division did not perform in a similar way. Turnover in waste management slipped 1% YoY in the first quarter (first three months of 2015 and 2014: 18.1 million and 18.2 million, respectively), but EBITDA improved by 14% (first quarter of 2015 and 2014: 4.1 million and 3.6 million, respectively). As such, the segment s margin reached 23%. On the other hand, the turnover of the logistics segment increased by 11.5% YoY in the quarter ( 52 million in the first quarter of 2015 as compared to 46.6 million in the equivalent quarter of 2014), a significant growth following the slowdown that marked the end of 2013 and beginning of EBITDA fell to 6.1 million (2014: 6.4 million) driven by a change in the business mix. In Energy & Maintenance, turnover decreased to 4.8 million but the EBITDA margin improved and exceeded 12%. A final comment for the water segment (equity consolidated). It is worth mentioning that the EBITDA margin attained 39%. 12

13 Africa Turnover 1 st Quarter EBITDA 1 st Quarter Million Euros Million Euros In the first quarter of 2015, the activity in Africa represented approximately 39% of GROUP s total activity (first quarter of 2014: 47%) due to a lower turnover in the region: 187 million, a 19% drop YoY ( 231 million). The EBITDA margin reached 18.3% (first quarter of 2014: 21.7%), and EBITDA was of 34.3 million (first quarter 2014: 50.3 million), once more with a strong contribution from the SADC (South African Development Community) segment, despite the completion of the GROUP s largest project ever (the Nacala Corridor in Malawi). As far as the region s order book is concerned, it increased to 1.55 billion with a contribution from the four regional segments (Angola, SADC, East and West Africa) due to the diversification efforts that enabled to reverse the previous trend of erosion following the high levels of production related to the Nacala Corridor project. It is worth highlighting the fact that there is a diversified set of proposals or contracts already awarded (both in terms of countries and type of projects) whose financial closing is still pending as well as other projects at an advanced stage of study. 13

14 Latin America 150 Turnover 1 st Quarter EBITDA 1 st Quarter Million Euros Million Euros In Latin America, the activity in Peru, Mexico, Brazil and Colombia had different performances. The lower activity in Peru was more than offset by the growth in Mexico whose turnover surpassed the former one, becoming the most relevant market in the region. Turnover in the region already accounted for 25% of the GROUP s total activity in the first quarter (first three months of 2014: 21%) to 123 million (first quarter of 2014: 101 million). As far as EBITDA is concerned, it increased by 32% YoY to approximately 10.8 million (first three months of 2014: 8.2 million) while the margin improved to 8.8%. Lastly, the order book in the region further grew to a figure in excess of 2 billion on the back of a commercial effort that aims at benefiting from the excellent opportunities seen in the countries where the GROUP operates. 14

15 3. Mota-Engil on the stock market 80 Evolution of liquidity of shares by quarters 150% 140% Performance of share price 1 st Quarter % 120% % Million shares Q 2Q 3Q 4Q % 90% 80% dez-14 jan-15 fev-15 ME PSI20 SXOP mar-15 In the first quarter of 2015 the Portuguese stock Exchange evolved positively, in line with the performance of the remaining European exchanges boosted namely by the improvement of economic indicators that have shown the consistency of economic recovery in Europe and by the Quantitative Easing put in place by the European Central Bank. As such, the Portuguese Stock Market Index, PSI-20, rose 24% during the first quarter while the European Construction Sector Index, SXOP, went up 19% in the same period. As far as MOTA-ENGIL s share price is concerned it soared 29%, or 500 basis points above the PSI-20 Index and a full 1000 basis points above the SXOP Index, reaching in the last trading day of March. During the first quarter of 2015 the stock reached a maximum and minimum price of and 2.384, respectively. The stock s total turnover in Euronext Lisbon was of 56 million de shares equating to an average daily turnover of 883 thousand shares. The Board of Directors will propose to the Annual General Meeting that will take place on May 28th, 2015 a dividend per share of twelve euro cents ( 0,12). The proposed dividend is in accordance with MOTA-ENGIL s payout policy that points to a ratio range of 50% to 75% of the recurring net attributable income. Porto, May 19th, 2015 Gonçalo Moura Martins Chief Executive Officer José Pedro Freitas Chief Financial Officer 15

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19 Consolidated Income Statement For The Periods Ended March 31, 2015 & st Quarter Notes 2015 ' '000 (non audited) (non audited) Sales and services rendered 2 483, ,694 Other revenues 8,791 24,639 Cost of goods sold, materials consumption and subcontractors (200,060) (198,952) Third-party supplies and services (114,084) (125,016) Wages and salaries (113,064) (104,438) Other operating expenses, net 413 (8,211) 2 65,459 75,717 Depreciation and amortization (31,718) (26,269) Provisions and impairment losses (285) (1,744) Operating profit 33,456 47,703 Financial income 3 14,243 7,481 Financial costs 3 (32,388) (32,647) Gains / (losses) in associates and jointly controlled companies 3,890 (2,813) Consolidated net profit before income tax 19,201 19,724 Income Tax (10,940) (6,915) Consolidated net profit for the period 8,261 12,808 Attributable: to non-controlling interests 4,862 5,470 to the Group 3,399 7,339 Earnings per share: basic diluted To be read with the Notes to the Consolidated Financial Statements 19

20 Consolidated Statement of Comprehensive Income For The Periods Ended March 31, 2015 and 2014 (não auditado) (não auditado) Consolidated net profit for the period 8,261 12,808 Items of other comprehensive income that may be reclassified to the income statement Exchange differences stemming from transposition of financial statements expressed in foreign currencies 49, Variation, net of tax, of the fair value of financial derivatives Other comprehensive income/(expense) in investments in associates using the equity method 4,850 (4,800) Other comprehensive income 3 (1,839) Total of comprehensive income for the period 62,801 7,178 Attributable: to non-controlling interests 20,202 6,182 to the Group 42, To be read with the Notes to the Consolidated Financial Statements 2015 '000 1 st Quarter 2014 '000 20

21 Consolidated Statement of Financial Position as at March 31, 2015 & December 31, 2014 Notes 2015 ' '000 (non audited) (audited) Assets Non-current Goodwill 5 136, ,677 Intangible fixed assets 130, ,668 Tangible fixed assets 772, ,662 Financial investments under the equity method 6 175, ,697 Available for sale financial assets 7 54,394 51,026 Investment properties 69,394 69,106 Trade and other receivables 214, ,093 Other non-current assets 13,073 13,017 Derivative financial instruments 10,111 4,214 Deferred tax assets 62,548 56,052 Cash and cash equivalents - term deposits 8-68,067 1,639,133 1,674,279 Current Inventories 313, ,421 Trade receivables 963, ,740 Other receivables 314, ,942 State and other public entities 20,840 40,372 Other current assets 481, ,488 Cash and cash equivalents - term deposits 8 68,645 5,190 Cash and cash equivalents demand deposits 8 254, ,349 Non-current Assets Held for Sale 2,417,611 2,257,503 29,890 29,980 Total Assets 2 4,086,634 3,961,761 Liabilities Non-current Loans 9 785, ,857 Sundry Creditors 150, ,832 Provisions 130, ,120 Other non-current liabilities 3,924 4,181 Deferred tax liabilities 37,289 40,456 1,107,542 1,324,445 Current Loans 9 812, ,260 Trade payables 389, ,792 Derivative financial instruments Sundry Creditors 581, ,575 State and other public entities 57,655 56,748 Other current liabilities 498, ,639 2,340,869 2,059,328 Total Liabilities 2 3,448,410 3,383,773 Shareholders' equity Equity capital 204, ,636 Reserves 148,415 58,665 Consolidated net profit for the period 3,399 50,550 Own funds attributable to the Group Non-controlling interests 356, , , ,137 Total shareholders' equity 638, ,988 Total shareholders' equity & liabilities 4,086,634 3,961,761 To be read with the Notes to the Consolidated Financial Statements 21

22 Statement of During The Periods Ended Fair value reserves Share capital Treasury shares Issue premiums Available-for-sale investments Lands assigned to quarrying operations Derivatives Balance as at January 1, 2014 (audited) (22.749) (499) Total comprehensive income for the period Dividend distribution Other distributions of results Sale of treasury shares Transfers for other reserves Balance as at March 31, 2014 (non audited) (428) Balance as at January 1, 2015 (audited) (238) Total comprehensive income for the period Dividend distribution Transfers for other reserves Balance as at March 31, 2015 (non audited) (204) To be read with the Notes to the Consolidated Financial Statements 22

23 Changes in Equity March 31, 2015 and 2014 Currency translation reserve Other reserves Net Profit Own funds attributable to shareholders Own funds attributable to noncontrolling interests Shareholders' equity (53.001) (6.853) (1.451) (1.451) - (100) - (100) - (100) (50.505) (52.562) (32.131) (2.566) (2.566) (50.550)

24 Consolidated Statement of Cash-Flows For The Periods Ended March 31, 2015 and 2014 Notes 2015 ' '000 OPERATING ACTIVITY (non audited) (non audited) Cash received from customers 436, ,614 Cash paid to suppliers (428,068) (328,247) Cash paid to employees (75,254) (80,702) Cash generated from operating activities (66,447) (17,335) Income tax paid (2,256) (5,133) Other receipts generated by operating activities (10,927) (12,125) Net cash from operating activities (1) (79,631) (34,593) INVESTING ACTIVITY Cash receipts from: Intangible fixed assets Property, plant and equipment 9,164 3,122 Investment grants 92 - Interest and similar income 2,570 1,752 Dividends ,329 5,768 Cash paid in respect of: Financial investment (6,469) - Intangible fixed assets (236) (1,544) Property, plant and equipment (18,735) (25,201) (25,440) (26,745) Net cash from investing activities (2) (13,110) (20,978) FINANCING ACTIVITY Cash receipts from: Loans obtained 63,207 50,094 Sale of treasury shares - 49,251 63,207 99,345 Cash paid in respect of: Loans obtained (14,528) (87,280) Amortization of finance lease contracts (8,619) (10,494) Interest and similar expense (25,388) (23,385) Dividends (4,388) - Other - (1,772) (52,923) (122,931) Net cash from financing activities (3) 10,284 (23,587) Variation of cash & cash equivalents (4)=(1)+(2)+(3) (82,457) (79,158) Variations caused by changes to the perimeter - (4) Exchange rate effect 15,186 (493) Cash & cash equivalents at the beginning of the period 8 390, ,733 Cash & cash equivalents at the end of the period 8 323, ,078 To be read with the Notes to the Consolidated Financial Statements 24

25 0. Introduction The core business of Mota-Engil, SGPS, SA, with head office at Rua do Rego Lameiro, nº 38, Porto, (MOTA-ENGIL SGPS or COMPANY), and subsidiaries (Group) is public and private construction work and related activities. The detailed description of the Group s activities is provided in Note 2. Business Segments. All amounts in these notes are in thousand Euros, except if expressly stated otherwise. 1. Accounting Policies 1.1. Presentation bases The attached financial accounts cover the consolidated financial reports for the Mota-Engil Group were prepared following the assumption of operations continuity based on the books and accounting records of the companies comprising the Group so that the consolidated financial statements are in accordance with the International Financial Reporting Standards (IAS/IFRS) issued by the International Accounting Standards Board (IASB) and the interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC) or by the previous Standing Interpretations Committee (SIC) which have been adopted within the European Union. The consolidated financial statements of Mota-Engil Group regarding the period ended in March 31, 205 were issued pursuant to the accounting policies and calculation methods adopted by the Group and presented in the 2014 Consolidated Report and Accounts, taking into account the provisions of IAS 34 - Interim Financial Reporting. During the period ended in March 31, 2015, following standards, interpretations, amendments and revisions endorsed by the European Union became applicable: EU Regulation Standard Issued in Mandatory for financial years beginning on or after Regulation no. 2015/29 Amendment to IAS 19 - Emplyee benefits november 2013 july 1, 2014 Regulation no. 2015/28 Improvements to International Financial Reporting Standards ( cycle) december 2013 july 1, 2014 The application of these standards did not produce significant effects in these consolidated financial statements. The consolidated financial statements are presented in Euro (thousands). The financial statements of the subsidiaries in foreign currency were converted into Euro in accordance with the accounting policies described in subparagraph xiii) of the main valuation criteria presented in the 2014 Consolidated Report and Accounts. All estimates and assumptions made by the Board of Directors were based on their knowledge of the events and transaction in course, as at the date of approval of the financial statements. In preparing the consolidated financial statements, in conformity with IAS/IFRS, the Group s Board of Directors adopted certain assumptions and estimates which affect the reported assets and liabilities, as well as the income and costs incurred relative to the reported periods, which are described in subparagraph xxi) of the main valuation criteria presented in the 2014 Consolidated Report and Accounts. 25

26 2. Business Segments The Group uses its internal organization for management purposes and as base for its reporting of information by operation segments. The Group is organized into the following geographical areas: Europe, Africa and Latin America. Values concerning MOTA-ENGIL SGPS, MESP and Group companies in the Tourism area are included in Others, eliminations and intra-group, which also included the amounts related to flows and balances between operational segments. The first three months of 2015 had no materially relevant alterations regarding the consolidation perimeter and therefore the effects over the main headings of the financial and results statements are not presented. The companies included in the consolidation and relevant consolidation methods, head offices, real participation percentages, activity, incorporation date and date of acquisition of shares are those presented in Annex A. The main alterations occurred in the consolidation perimeter for the period ended March 31, 2015 are referred in Note 10. Perimeter Alterations. The financial information by operational segments can be analysed as follows: Sales and services rendered EBITDA Europe 196, ,810 15,490 18,458 Africa 187, ,258 34,259 50,292 Latin America 122, ,078 10,815 8,168 Others, eliminations & intra-group (23,047) (21,452) 4,895 (1,202) Mota-Engil Group 483, ,694 65,459 75,717 As at March 31, 2015, the sales and service provisions for the business segments are included in Others, Eliminations and Intra-group. For the periods ended March 31, 2015 and 2014, intra-group sales were made at similar prices to those for external clients. Total net assets and liabilities for the Group by business segments are as follows: Net Assets Liabilities Europe 1,812,882 1,885,709 1,251,243 1,340,577 Africa 1,856,391 1,694,751 1,395,348 1,287,013 Latin America 609, , , ,973 Other, Eliminations and Intercompany (192,251) (155,289) 272, ,211 Mota-Engil Group 4,086,634 3,961,761 3,448,410 3,383,773 26

27 3. Financial Results Financial results for the periods ended March 31, 2015 and 2014 are as follows: Financial income & gains Loans and accounts receivable: Interest income 7,752 3,575 Payments discounts received Net exchange gains - 2,567 Other financial assets & liabilities: Income from real estate properties Income from equity investments Fair value gains - derivative financial instruments 5,897 - Other financial income & gains ,243 7,481 Financial costs and losses Loans and Accounts Payable: Interest expenses 27,234 23,218 Payments discount given Exchange expenses Other financial Assets & Liabilities: Other losses - financial investments Other financial costs & losses 3,964 9,357 32,388 32,647 (18,145) (25,166) Heading Income from real estate properties includes mainly income from buildings located in Portugal. Heading Other costs and financial losses includes mainly costs with bank guarantees, preparation of loans and several commissions and others costs charged by financial institutions. 27

28 4. Earnings per share The company issued only common shares and therefore there is no special dividend or voting rights. There is no situation in the Group which might lead to a reduction of earnings per share as a result of options, warrants, convertible bonds or other rights associated to ordinary shares. Therefore, there is no dissimilarity between the calculation of basic earnings per share and the calculation of diluted earnings per share. During the periods ended in March 31, 2015 and 2014 no common shares were issued. For the periods ended in March 31, 2015 and 2014, the earnings per share were as follows: Consolidated net profit/(loss) attributable to the Group (I) 3,399 7,339 Total number of ordinary shares (II) 204,635, ,635,695 Number of own shares at June 30 (III) - - Weighted average number of own shares (IV) - - Number of shares outstanding (II - IV) 204,635, ,635,695 Earnings per share: basic (I) / (II - IV) diluted (I) / (II - IV)

29 5. Goodwill The information on goodwill, for the period ended March 31, 2015 and the year ended December 31, 2014, is as follows: Goodwill Impairments of the period Alterations to the consolidation perimeter Net Goodwill 2014 Net Goodwill Europe Engeneering & Construction Eltor Mota-Engil Central Europe Poland 8, ,965 8,571 Mota-Engil Central Europe Czech Rep. 1, ,141 1,139 Other 1, ,787 1,787 11, ,894 11,497 Europe Environment & Services Suma Group 9, ,555 9,555 Tertir Group 100, , ,856 Other 1, ,134 1, , , ,544 Africa Cecot 1, ,440 1,440 Mota-Engil S.Tomé Vista Water 1, ,841 1,841 ME Construction South Africa 3, ,571 3,341 6, ,995 6,765 Latin America Empresa Construtora Brasil 5, ,722 6,211 Consita , ,330 6, , , ,677 The movements which occurred in goodwill during the period until March 31, 2015 and the year ended December 31, 2014 are as follows: % of acquisition Goodwill at the beginning of the period 136, ,611 Increase of goodwill - - ME Construction South Africa 100% - 3,341 Consita 70% ,000 Impairment losses Ekosrodowisko - (196) Suma Group - (524) - (720) Changes in goodwill for variation of perimeter Sol-S Internacional - (30) - (30) Changes in goodwill for currency update Empresa Construtora Brasil (489) 70 Other 574 (6) 85 (184) Goodwill at the end of the period 136, ,677 29

30 6. Financial investments through the equity method In March 31, 2015 and December 31, 2014, the values relative to financial investments stated through the equity method are broken down as follows: Associate companies Obol Invest Group 24,545 22,651 HEPP 1,556 1,556 Suma Group associates 2,734 2,691 SLPP Group 1,872 1,804 Ibercargo (Spa) Manvia II Condutas Tersado 1,194 1,116 Autopista Urbana Siervo de la Nacion 2,241 2,071 Concessionária Autopista Cardel 4,180 2,180 Concessionária Autopista Tuxpan-Tampico 9,609 8,880 Martifer Group 972 2,079 Other 6,701 5,851 Jointly controlled companies Ascendi Group 61,116 55,039 Indaqua Group 20,520 21,941 TPE Paita 37,232 32, , , Financial investments available for sale As at March 31, 2015 and December 31, 2014, the detail of financial investments available for sale is as follows: Investments in equity instruments (recorded at cost) Auto-Sueco Angola 2,724 2,724 BAI-Banco Angolano de Investimentos 39,904 39,904 Carbine Tungstene 1,704 1,704 Ecodetra 1,153 1,153 Ersuc Tirtife Other 2,643 2,269 49,583 49, Securities Other Advances & other investments Estradas do Zambeze 4,800 1,800 Other 7 7 4,807 1,807 Financial investments available for sale 54,394 51,026 30

31 8. Cash and equivalents The amounts for the heading Cash and Equivalents, regarding the period ended in March 31, 2015 and December 31, 2014 are as follows: Other applications 4,245 5, ,245 5,040 Bank deposits and cash in hand Bank deposits 244, ,563 68,645 73, , ,821 Cash on hand 5,726 5, ,726 5, , ,349 68,645 73, , ,606 (1) Includes the amount of 68,067 thousand euros booked as non-current in Demand deposits Term deposits (1) Total 9. Debt The amounts regarding debt for the period ended in March 31, 2015 and December 31, 2014 are as follows: Current (1 year) 2 years 3 to 5 years over 5 years Non-current Total 2015 Non-convertible bond loans 185,000 56, , , ,391 Amounts owed to credit institutions Bank loans 220, , ,357 19, , ,215 Overdraft facilities 76, ,620 Current account facilities 217, ,931 Other loans obtained Commercial paper issues 110,004 39, , , ,017 Other loans 2,324 3,168 4, ,296 10, , , ,691 20, ,013 1,597, Non-convertible bond loans 10, , , , ,926 Amounts owed to credit institutions Bank loans 197, , ,947 21, , ,595 Overdraft facilities 59, ,340 Current account facilities 201, ,715 Other loans obtained Commercial paper issues 81,400 35, , , ,176 Other loans 2,265 2,534 6, ,099 11, , , ,326 21, ,857 1,549,117 Although the commercial paper issues fall due at one year, they are covered by medium and long term programmes which ensure their automatic renewal over time. In view of these circumstances, and since the Group s Board of Directors intends to continue to use the said issues for periods greater than 12 months, said debts were recorded in long and medium term. 31

32 10. Perimeter Alterations For the period ended March 31, 2015, there were no materially relevant alterations to the perimeter, hence the effects are not presented under the main headings of the statement of the financial position and income statement. For the first three months of 2015, the alterations occurred in the consolidation perimeter were as follows: Constitution of companies Business Area - Europe - Engineering and Construction Bukowinska Project Development 32

33 Appendix A Appendix A. Consolidated companies Investments in subsidiaries included in consolidated financial statements Investments in subsidiaries included in consolidated financial statements using the full consolidation method, their registered offices, the percentage of share capital held, their business, their constitution date, are as follows: Designation Headquarters Effective holding percentage Activity Set up date Acquisition date Parent Company of the Group and Related Activities Mota-Engil, SGPS, S.A., Sociedade Aberta ("Mota-Engil SGPS") Portugal - Management of financial holdings ago-90 - Largo do Paço Investimentos Turísticos e Imobiliários, Lda. ("Largo do (Porto) Portugal Real Estate Development - out-01 Paço") (Amarante) Through Mota-Engil SGPS ME 3I, SGPS, S.A. ("ME 3I SGPS") Portugal 61,20 Management of financial holdings out-11 - Through Mota-Engil Indústria e Inovação (Linda-a-Velha) 61,20 MESP - Mota Engil, Serviços Partilhados, Administrativos e de Gestão, S.A. Portugal Administrative Services dez-02 - ("Mota-Engil Serviços Partilhados") (Porto) Through Mota-Engil SGPS Mota-Engil, Brands Development Limited ("Mota-Engil Brands Ireland Marketing and development of dez-09 - Development") (Dublin) trademarks and other intellectual Through Mota-Engil, SGPS property Mota-Engil Indústria e Inovação, SGPS, S.A. ("Mota-Engil Indústria e Portugal Management of financial holdings nov-10 - Inovação") (Linda-a-Velha) Through Mota-Engil SGPS MK Contractors, LLC ("MKC") USA Real Estate Development mar-02 - Through Mota-Engil Engenharia (Miami) Mota-Engil Finance, B.V. ("ME Finance BV") Netherlands Consulting Services dez-12 - Through Mota-Engil SGPS (Amsterdam) Mota-Engil Mining Management (Proprietary) Limited ("ME Mining South Africa abr-11 - Management") (Johannesburg) Human Resources Management in Mining Through Mota-Engil Minerals Mining Investment B.V. Mota-Engil Minerals & Mining (Malawi) Limited ("ME Minerals & Mining Malawi 99,99 Prospecting, exploitation and processing mar-11 - Malawi") (Lilongwe) of minerals Through Mota-Engil Minerals Mining Investment B.V. 99,99 Mota-Engil Minerals & Mining (Zimbabwe) (Private) Limited ("ME Minerals Zimbabwe Prospecting, exploitation and processing mai-11 - & Mining Zimbabwe") (Harare) of minerals Through Mota-Engil Minerals Mining Investment B.V. Mota-Engil Minerals Mining Investment B.V. ("ME Minerals Mining Netherlands out-10 - Investment BV") (Amsterdam) Management of other companies Through Mota-Engil SGPS RTA - Rio Tâmega, Turismo e Recreio, S.A. ("RTA") Portugal Real Estate and Tourism - mai-00 Through Mota-Engil SGPS (Amarante) SGA Sociedade de Golfe de Amarante, S.A. ("SGA") Portugal 97,17 Golf Practice and Marketing and related dez-00 - Through RTA (Amarante) 96,89 activities Through Mota-Engil Engenharia 0,28 Europe Engineering and Construction Mota-Engil Engenharia e Construção, S.A. ( Mota-Engil Engenharia ) Portugal Construction works, and purchase and - dez-00 Through Mota-Engil Europa (Amarante) sale of real estate Aurimove Sociedade Imobiliária, S.A. ( Aurimove ) Portugal Real Estate Development dez-93 - Through Mota-Engil Real Estate Portugal (Porto) Calçadas do Douro - Sociedade Imobiliária, Lda. ( Calçadas do Douro ) Portugal Real Estate Development - set-00 Through Mota-Engil Real Estate Portugal (Porto) Carlos Augusto Pinto dos Santos & Filhos S.A. ("Capsfil") Portugal Extraction of gravel, sand and crushed mar-77 out-09 Through Mota-Engil Engenharia (Vila Flor) stone Corgimobil - Empresa Imobiliária das Corgas, Lda. ("Corgimobil") Portugal 97,25 Construction works, studies and real - nov-00 Through Mota-Engil Engenharia (Cascais) 71,79 estate Through Mota-Engil Real Estate Portugal 25,46 Edifício Mota Viso Soc. Imobiliária, Lda. ( Mota Viso ) Portugal Real Estate Development jun-94 - Through Mota-Engil Real Estate Portugal (Porto) Edipainel Sociedade Imobiliária, Lda. ( Edipainel ) Portugal Real Estate Development mar-02 - Through Mota-Engil Real Estate Portugal (Porto) 70,00 Through Mota-Engil Engenharia 30,00 Glan Agua, Ltd ( Glanagua ) Ireland 70,00 Treatement of waste, exploitation and jan-08 - Through MEIS (Ballinasloe) 70,00 management of water sytems Grossiman, S.L. ("Grossiman") Spain Special foundations fev-96 dez-95 Through Mota-Engil Engenharia (Alcobendas) Mercado Urbano - Gestão Imobiliária, S.A. ("Mercado Urbano") Portugal Real Estate Development jul-09 mar-11 Through Mota-Engil Engenharia (Porto) Motadómus - Sociedade Imobiliária, Lda. ("Motadómus") Portugal Construction works jan-97 jan-01 Through Aurimove (Porto) 95,00 Through Mota-Engil Real Estate Portugal Mota-Engil Ireland Construction Limited ( Mota-Engil Irlanda ) Ireland 5,00 60,00 Construction works out-07 - Through Mota-Engil Engenharia (Dublin) 60,00 33

34 Appendix A Designation Headquarters Effective holding percentage Set up date Acquisition date Mota-Engil Ireland Services Ltd. ( MEIS ) Ireland 70,00 Treatement of waste, exploitation and jan-08 - Through Mota-Engil Engenharia (Dublin) 70,00 management of water sytems Vibeiras Sociedade Comercial de Plantas, S.A. ( Vibeiras ) Portugal 66,67 Landscape gardening jul-88 out-98 Through Mota-Engil Engenharia (Torres Novas) 66,67 Áreagolfe - Gestão, Construção e Manutenção de Campos de Golfe, S.A. ("Áreagolfe") Portugal (Torres Novas) 66,67 Management, construction and maintenance of golf courses - jul-07 Through Vibeiras 66,67 VBT - Projectos e Obras de Arquitectura Paisagística, Lda ( VBT ) Angola 43,34 Landscape gardening set-08 - Through Vibeiras Through Mota-Engil Ambiente e Serviços (Luanda) 33,34 10,00 ME Real Estate - Mota-Engil Real Estate Portugal, S.A. ( Mota-Engil Real Portugal Real Estate Development set-01 - Estate Portugal ) (Porto) Through Mota-Engil Engenharia Nortedomus, Sociedade Imobiliária SA. ( Nortedomus ) Portugal Real Estate Development - out-01 Through Mota-Engil Engenharia (Lisbon) Sedengil Sociedade Imobiliária, S.A. ( Sedengil ) Portugal Real Estate Development out-82 mai-95 / mai-97 Through Mota-Engil Engenharia (Matosinhos) Mota-Engil Central Europe, SGPS, S.A. ("Mota-Engil Central Europe SGPS") Portugal Management of financial holdings dez-02 - Through Mota-Engil Europa (Porto) Bergamon, A.S. ("Bergamon") Slovakia Real Estate Development mai-04 - Through Mota-Engil Central Europe, SGPS (Bratislava) Bicske Plaza Beruházási és Építóipari Korlátolt Felelósségú Társaság. Bicske Hungary Real Estate Development jan-08 - Plaza Kft. ( Bicske Plaza ) Through Mota-Engil Central Europe, SGPS (Budapest) Bohdalecká Project Development s.r.o. ("Bohdalecká") Czech Republic Real Estate Development - set-07 Through Mota-Engil Central Europe, SGPS (Prague) Centralna Project Development Sp. z o.o. ("Centralna") Poland Real Estate Development out-12 - Through Mota-Engil Central Europe, SGPS (Cracow) Devonská Project Development A.S. ( Devonská ) Czech Republic Real Estate Development dez-06 - Through Mota-Engil Central Europe SGPS (Prague) Dmowskiego Project Development, Sp. z.o.o. ("Dmowskiego") Poland Real Estate Development ago-07 - Through Mota-Engil Central Europe Polónia (Cracow) Ekosrodowisko z.o.o. In Liquidation ("Ekosrodowisko") Poland 61,50 Urban solid waste fev-05 dez-05 Through MES (Bytom) 61,50 Hungária Hotel Ingatlanforgamazó, Kereskedelmi, és Szolgáltató Kft., Hungary Real Estate Development jun-08 - Hungária Hotel Kft. ("Hotel Achat Hungria") Through Mota-Engil Central Europe, SGPS (Budapest) Immo Park Gdańsk, Sp. z.o.o. ("Immo Park Gdańsk") Poland Design, construction, management and mar-13 - Through Mota-Engil Central Europe Polónia (Cracow) exploitation of parking lots Immo Park Warszawa, Sp. z.o.o. ("Immo Park Warszawa") Poland Design, construction, management and out-12 - Through Mota-Engil Central Europe Polónia (Cracow) exploitation of parking lots Immo Park, Sp. z.o.o. ("Immo Park") Poland 88,00 Design, construction, management and jan-08 mar-11 Through Mota-Engil Central Europe Polónia (Cracow) 47,00 exploitation of parking lots Through Mota-Engil Central Europe, SGPS Through Mota-Engil Engenharia 40,00 1,00 Jeremiasova Project Development, s.r.o. ("Jeremiasova") Czech Republic Real Estate Development jun-08 out-09 Through Mota-Engil Central Europe SGPS Through Mota-Engil Central Europe República Checa (Prague) 99,00 1,00 Kilinskiego Project Development Sp. z.o.o. ( Kilinskiego ) Poland Real Estate Development ago-07 - Through Mota-Engil Central Europe SGPS (Cracow) Kilinskiego Property Investment Sp. z.o.o. ("Kilinskiego PI") Poland Real Estate Development set-11 - Through Kilinskiego (Cracow) 99,99 Through Mota-Engil Central Europe SGPS 0,01 Kordylewskiego Project Development W Likwidacji Sp. z o.o. Poland Real Estate Development fev-05 - ("Kordylewskiego") Through Mota-Engil Central Europe, SGPS (Cracow) Lanval Sp. z o.o. ("Lanval") Poland Construction works and purchase and - dez-13 Through Mota-Engil SGPS (Cracow) sale of real estate MES, Mota-Engil Srodowisko, Sp. z.o.o. ("MES") Poland 61,50 Urban solid waste dez-05 - Through Suma (Cracow) 61,50 Mota-Engil Central Europe Business Support Center Sp. z o. o. ("MESP Poland Administrative Services dez-09 - Central Europe") Through Mota-Engil Central Europe Polónia (Cracow) Metroepszolg, Zrt ( Metroepszolg ) Hungary Public works dez-00 - Through Mota-Engil Magyarország (Budapest) M-Invest Bohdalec, A.S., v likvidaci ("M-Invest Bohdalec") Czech Republic Real Estate Development set-03 - Through Mota-Engil Central Europe, SGPS (Prague) Activity 34

35 Appendix A Designation Headquarters Effective holding percentage Set up date Acquisition date Mota-Engil Central Europe, S.A. ("Mota-Engil Central Europe Polónia") Poland Construction works fev-53 mar-99 Through Mota-Engil Engenharia (Cracow) Mota-Engil Central Europe Ceska Republika, AS ("Mota-Engil Central Czech Republic Construction and public works jan-97 - Europe República Checa") Through Mota-Engil Central Europe Polónia (Prague) Mota-Engil Central Europe Hungary Beruházási és Építoipari Kft. ("ME Hungary Construction and public works fev-08 - Central Europe Hungria") Through Mota-Engil Central Europe Polónia (Budapest) SC Mota-Engil Central Europe Romania S.R.L. ("Mota-Engil Central Europe Romania Road construction works jul-09 - Roménia") Through Mota-Engil Central Europe Polónia (Bucharest) Mota-Engil Central Europe Slovenská Republika, AS ("Mota-Engil Central Slovakia Construction works ago-04 - Europe Eslováquia") (Bratislava) Through Mota-Engil Central Europe SGPS Mota-Engil Brand Management B.V. ("Mota-Engil Brand Management") Netherlands Management of trademarks and other dez-09 - Through Mota-Engil Central Europe, SGPS (Amsterdam) intellectual property SC ME Investitii AV s.r.l. ( Mota-Engil Investitii ) Romania Real Estate Development - set-07 Through Mota-Engil Central Europe, SGPS (Bucharest) Mota-Engil Magyarország Beruházási És Épitoipari Zrt. ( Mota-Engil Hungary Public works jan-96 - Magyarország ) Through Mota-Engil Engenharia (Budapest) Mota-Engil Parking 2 Sp. z.o.o ("ME Parking 2") Poland Design, construction, management and mar-12 - Through Mota-Engil Central Europe Polónia (Cracow) exploitation of parking lots Mota-Engil Central Europe PPP Sp. z.o.o ("ME Central Europe PPP") Poland Design and construction of social mar-12 - Through Mota-Engil Central Europe Polónia (Cracow) housing Mota-Engil Central Europe PPP 2 Sp. z.o.o ("ME Central Europe PPP 2") Poland Design and construction of social dez/13 - Through Mota-Engil Central Europe Polónia (Cracow) housing Mota-Engil Central Europe PPP Road Sp. z.o.o ("ME Central Europe PPP Poland Design and construction of social - nov-13 Road") Through Mota-Engil Central Europe Polónia (Cracow) housing Mota-Engil Central Europe PPP 3 Sp. Z.o.o (ME Central Europe PPP 3) Poland Design and construction of social abr-14 - Through Mota-Engil Central Europe Polónia (Cracow) housing Grodkowska Project Development Sp. z.o.o ("Grodkowska Project Poland Design and construction of social mar-14 - Development ") Through Mota-Engil Central Europe SGPS (Cracow) housing Mota-Engil Project 1 Ingatlanforgalmazó, Kereskedelmi és Szolgáltató Kft. Hungary Public works out-05 - under liquidation ("ME Project 1") Through Mota-Engil Real Estate Hungria (Budapest) Mota-Engil Real Estate Hungary Ingatlanforgalmazó, Kereskedelmi és Hungary Real Estate Development jul-05 - Szolgáltató Kft.("Mota-Engil Real Estate Hungria") Through Mota-Engil Central Europe, SGPS (Budapest) Mota-Engil Real Estate Management, sp. z.o.o. ("Mota-Engil Real Estate Poland Real Estate Development jun-05 - Management") (Cracow) Through Mota-Engil Central Europe, SGPS Balice Project Development Sp. z o.o. ("Balice") Poland Real Estate Development out-12 - Through Mota-Engil Central Europe, SGPS (Cracow) Sikorki Project Development Sp. z o.o. ("Sikorki") Poland Real Estate Development out-12 - Through Mota-Engil Central Europe, SGPS (Cracow) Soltysowska Project Development Sp. z o.o. ("Soltysowska") Poland Real Estate Development nov-05 - Through Mota-Engil Central Europe, SGPS (Cracow) Száz - Invest Project Development Kft. ("Száz - Invest") Hungary Real Estate Development ago-11 - Through Mota-Engil Central Europe, SGPS (Budapest) Tetenyi Project Development Ingatlanforgalmazó, Kereskedelmi és Hungary Real Estate Development jan-05 - Szolgáltató Kft under liquidation" ("Tetenyi") Through Mota-Engil Central Europe, SGPS (Budapest) Wilanow Project Development SP. z.o.o. ("Wilanow") Poland Real Estate Development jun-07 - Through Mota-Engil Central Europe, SGPS (Cracow) Wilenska Project Development Sp. z.o.o. w likwidacji ( Wilenska ) Poland Real Estate Development jan-05 - Through Mota-Engil Central Europe, SGPS (Cracow) Zöld-Project 2 Ingatlanforgalmazó, Kereskedelmi és Szolgáltató Kft. ("Zold- Hungary Public works jun-08 - Project 2") Through Mota-Engil Central Europe, SGPS Bukowinska Project Development ("Bukowinska Project Development ") (Budapest) Poland Design and construction of social mar-15 - Through Mota-Engil Central Europe Polónia (Cracow) housing Activity 35

36 Appendix A Designation Headquarters Effective holding percentage Set up date Acquisition date Environment and Services Mota-Engil, Ambiente e Serviços, SGPS, S.A. ( Mota-Engil Ambiente e Portugal Management of financial holdings jun-97 - Serviços ) (Porto) Through Mota-Engil Europa AGIR - Ambiente e Gestão Integrada de Resíduos, Lda. ("Agir") Cape Verde 80,75 Collection of urban solid waste dez-07 - Through Mota-Engil Ambiente e Serviços Through Suma (Praia) 50,00 30,75 CH&P Combined Heat & Power Anadia, Sociedade Unipessoal, Lda Portugal 90,00 Exploitation of a co-generation plant for mai-11 - ("CH&P Anadia") (Linda-a-Velha) the production of electric and thermal Through Manvia CH&P Combined Heat & Power Coja, Unipessoal, Lda ("CH&P Coja") Portugal 90,00 90,00 energy Exploitation of a co-generation plant for mai-11 - (Linda-a-Velha) the production of electric and thermal Through Manvia Citrave - Centro Integrado de Tratamento de Resíduos de Aveiro, S.A. Portugal 90,00 61,50 energy Treatment and disposal of non-hazardous dez-87 out-06 ("Citrave") (Lisbon) waste Through Suma 61,41 Through Novaflex 0,05 Through Suma Esposende 0,05 Correia & Correia, Lda. ( Correia & Correia ) Portugal 48,19 Trade and collection of used oils set-88 fev-00 Through Enviroil (Sertã) 48,19 Enviroil SGPS, Lda. ( Enviroil ) Portugal 48,19 Management of financial holdings nov-97 - Through Suma Enviroil II Reciclagem de Óleos Usados, Lda. ( Enviroil II ) (Torres Novas) Portugal 48,19 43,37 Oil recycling, electricity production and abr-11 - (Torres Novas) bulk trade of fuels and related products Through Enviroil 43,37 Ferrol Container Terminals S.A. ("Ferrol") Spain 34,80 Cargo handling mar-11 - Through TCL (Ferrol) 34,80 InvestAmbiente - Recolha de Resíduos e Gestão de Sistemas de Saneamento Básico, S.A. ("Investambiente") Portugal (Lisbon) 31,98 Collection of non-hazardous waste fev-00 dez-07 Through Novaflex 31,98 Liscont - Operadores de Contentores, S.A. ("Liscont") Portugal 52,36 Port operations nov-83 out-06 Through TTP Lokemark - Soluções de Marketing, S.A. ("Lokemark") (Lisbon) Portugal 52,36 70,00 Services, marketing solutions, jun-03 set-07 (Setúbal) construction and sale of data bases, management and exploitation of the Through Mota-Engil Ambiente e Serviços Manvia - Manutenção e Exploração de Instalações e Construção, S.A. Portugal 70,00 90,00 postal service's infrastructures Maintenance and exploitation of jul-94 jun-98 ("Manvia") (Linda-a-Velha) installations Through Mota-Engil Ambiente e Serviços Mota-Engil Europa, S.A. ("Mota-Engil Europa") Portugal 90,00 Construction works, and purchase and jun-10 - Through Mota-Engil SGPS (Linda-a-Velha) sale of real estate Mota-Engil II, Gestão, Ambiente, Energia e Concessões de Serviços, S.A. Portugal Projects' management dez-03 - ("MEAS II") (Porto) Through Mota-Engil Ambiente e Serviços Multiterminal - Soc. de Estiva e Tráfego, S.A. ("Multiterminal") Portugal Exploitation of port terminals mai-79 out-06 Through Tertir (Lisbon) Nova Beira - Gestão de Resíduos, S.A. ("Nova Beira") Portugal 30,85 Treatment and disposal of non-hazardous - dez-07 Through Novaflex Through Investambiente (Lisbon) 20,30 10,55 waste Novaflex - Técnicas do Ambiente, S.A. ("Novaflex") Portugal 61,50 Collection of other non-hazardous waste - dez-07 Through Suma (Lisbon) 61,50 Proempar - Promoção e Gestão de Parques Empresariais e Tecnológicos, Portugal Marketing, management and exploitation out-06 - S.A. ("Proempar") Through Mota-Engil Ambiente e Serviços Through Mota-Engil Engenharia (Porto) 74,00 26,00 of technological and industrial business parks PTT - Parque Tecnológico do Tâmega, S.A. ("PTT") Portugal 90,00 Marketing and management of dez-06 - Through Proempar (Felgueiras) 70,00 technological business hosting Through Mota-Engil Ambiente e Serviços 10,00 Through Mota-Engil Engenharia 10,00 Real Verde - Técnicas de Ambiente, S.A. ("Real Verde") Portugal 61,50 Treatment and disposal of other nonhazardous dez-07 - Through Novaflex (Vila Real) 61,50 waste Resiges - Gestão de Resíduos Hospitalares, Lda. ("Resiges") Portugal 61,50 Collection of hazardous waste mai-98 dez-07 Through Novaflex (Setúbal) 61,50 Resilei Tratamento de Resíduos Industriais, S.A. ("Resilei") Portugal 30,75 Treatment and disposal of other nonhazardous - jun-03 Through Suma (Leiria) 30,75 waste Rima Resíduos Industriais e Meio Ambiente, S.A. ( Rima ) Portugal 59,12 Treatment of industrial waste ago-01 - Through Suma (Lourosa) 59,12 Sealine - Navegação e Afretamentos, Lda ("Sealine") Portugal 38,39 Navigation agents - out-06 Through Socarpor SGPS Through Socarpor Aveiro (Aveiro) 32,26 6,13 SIGA - Serviço Integrado de Gestão Ambiental, S.A. ("Siga") Portugal 43,05 Treatment and disposal of non-hazardous out-08 - Through Suma (Ponta Delgada) 43,05 waste Activity 36