Jerónimo Martins SGPS, S.A.

Jerónimo Martins SGPS, S.A. Qualified Shareholding In accordance with the terms of number 1 of article 17 of the Portuguese Securities Code, Jerónimo Martins SGPS, S.A. ( Jerónimo Martins ) informs that has received information from Coronation Asset Management (Pty) Ltd. regarding a qualified holding: A) Position above 2% threshold (October 31, 2014) From October 31, 2014, Coronation Asset Management (Pty) Ltd. holds voting rights corresponding to 2.14% of Jerónimo Martins share capital, above the 2% threshold. As from that date, Coronation Asset Management (Pty) Ltd. holds 13,447,972 voting rights, through several subsidiaries, listed in the report in appendix, received from Coronation Asset Management (Pty) Ltd.. B) Position below 2% threshold (January 16, 2015) From January 16, 2015, Coronation Asset Management (Pty) Ltd. holds voting rights corresponding to 1.97% of Jerónimo Martins share capital, below the 2% threshold. As from that date, Coronation Asset Management (Pty) Ltd. holds 12,375,082 voting rights, through several subsidiaries, listed in the report in appendix, received from Coronation Asset Management (Pty) Ltd.. Lisbon, January 20, 2015 Jerónimo Martins, SGPS, S.A. Public Company Head office: Rua Actor António Silva, n.º7, 1649-033 Lisboa Share Capital: Euro 629,293,220.00 Registered at the C.R.C. of Lisbon and Tax : 500 100 144 www.jeronimomartins.com

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii 2 Reason for the notification (please tick the appropriate box or boxes): Jeronimo Martins SGPS SA ( JMTPL ) An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the notification obligation: iii Coronation Asset Management (Pty) Ltd 4. Full name of shareholder(s) (if different from 3.): iv 5. Date of the transaction and date on which the threshold is crossed or reached: v 31 st October 2014 6. Date on which issuer notified: 19 th January 2015 7. Threshold(s) that is/are crossed or reached: vi, vii 2%

8. Notified details: A: Voting rights attached to shares Class/type of shares if possible using the ISIN CODE Situation previous to the triggering transaction of Shares of Voting Rights of shares of voting rights % of voting rights x Direct Direct xi Indirect xii Direct Indirect ORD SHARES PTJMT0AE0001 11641925 11641925 13447972 2.14% B: Qualifying Financial Instruments Type of financial instrument Expiration date xiii Exercise/ Conversion Period xiv of voting rights that may be acquired if the instrument is exercised/ converted. % of voting rights C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Type of financial instrument Exercise price Expiration date xvii Exercise/ Conversion period xviii of voting rights instrument refers to % of voting rights xix, xx Nominal Delta Total (A+B+C) of voting rights Percentage of voting rights 13447972 2.14%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Name of controlled corporation Address and place of incorporation Name of controlling shareholder % control Direct interest 7th Floor, MontClare Place, Cnr Campground and Main Roads, Claremont 7708, Cape Town, Republic of South Africa Coronation Fund Managers 100 N 7th Floor, MontClare Place, Cnr Campground and Main Roads, Claremont 7708, Cape Town, Republic of South Africa Coronation Asset CFM (Isle of Man) Coronation Global Fund Managers (Ireland) Ltd (as investment manager) Coronation International (as investment manager and sub-investment manager for Coronation Global Fund Managers (Ireland) Ltd) PO Box 312, 4th Floor, Queen Victoria House, Douglas, Isle of Man, IM99 2BJ 100 Y 100 N J.P. Morgan House, IFSC, Dublin 1, Republic of Ireland CFM (Isle of Man) 100 Y 7th Floor, St. Albans House, 57-59 Haymarket, London, SW1Y 4QX. CFM (Isle of Man) 100 Y Proxy Voting: 10. Name of the proxy holder: Coronation Asset Management (Pty) Ltd 11. of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: Notification using a figure of 13447972 as the total voting rights in the issuer.

14. Contact name: Andrew Robinson 15. Contact telephone number: 020 7389 8867

Annex: Notification of major interests in share A: Identity of the persons or legal entity subject to the notification obligation Full name (including legal form of legal entities) Contact address (registered office for legal entities) Coronation Asset Management (Pty) Ltd MontClare Place Cnr Campground & Main Roads Claremont, Cape Town 7708 South Africa] Phone number & email +27-21-680-2000 jrowland@coronation.co.za Other useful information (at least legal representative for legal persons) Coronation Asset Management (Pty) Ltd as investment manager acts on behalf of various clients holding JMTPL in their portfolios B: Identity of the notifier, if applicable Full name Contact address Andrew Robinson c/o Coronation Fund Managers, 7 th Floor, St Albans House, 57-59 Haymarket, London SW1Y 4QX Phone number & email 020 7389 8867 arobinson@coronationfunds.co.uk Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) Compliance Officer as Coronation International C: Additional information

TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: ii 2 Reason for the notification (please tick the appropriate box or boxes): Jeronimo Martins SGPS SA ( JMTPL ) An acquisition or disposal of voting rights X An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): 3. Full name of person(s) subject to the notification obligation: iii Coronation Asset Management (Pty) Ltd 4. Full name of shareholder(s) (if different from 3.): iv 5. Date of the transaction and date on which the threshold is crossed or reached: v 16 th January 2015 6. Date on which issuer notified: 19 th January 2015 7. Threshold(s) that is/are crossed or reached: vi, vii 2%

8. Notified details: A: Voting rights attached to shares Class/type of shares if possible using the ISIN CODE Situation previous to the triggering transaction of Shares of Voting Rights of shares of voting rights % of voting rights x Direct Direct xi Indirect xii Direct Indirect ORD SHARES PTJMT0AE0001 13,026,369 13,026,369 12,375,082 1.97% B: Qualifying Financial Instruments Type of financial instrument Expiration date xiii Exercise/ Conversion Period xiv of voting rights that may be acquired if the instrument is exercised/ converted. % of voting rights C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Type of financial instrument Exercise price Expiration date xvii Exercise/ Conversion period xviii of voting rights instrument refers to % of voting rights xix, xx Nominal Delta Total (A+B+C) of voting rights Percentage of voting rights 12,375,082 1.97%

9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Name of controlled corporation Address and place of incorporation Name of controlling shareholder % control Direct interest 7th Floor, MontClare Place, Cnr Campground and Main Roads, Claremont 7708, Cape Town, Republic of South Africa Coronation Fund Managers 100 N 7th Floor, MontClare Place, Cnr Campground and Main Roads, Claremont 7708, Cape Town, Republic of South Africa Coronation Asset CFM (Isle of Man) Coronation Global Fund Managers (Ireland) Ltd (as investment manager) Coronation International (as investment manager and sub-investment manager for Coronation Global Fund Managers (Ireland) Ltd) PO Box 312, 4th Floor, Queen Victoria House, Douglas, Isle of Man, IM99 2BJ 100 Y 100 N J.P. Morgan House, IFSC, Dublin 1, Republic of Ireland CFM (Isle of Man) 100 Y 7th Floor, St. Albans House, 57-59 Haymarket, London, SW1Y 4QX. CFM (Isle of Man) 100 Y Proxy Voting: 10. Name of the proxy holder: Coronation Asset Management (Pty) Ltd 11. of voting rights proxy holder will cease to hold: 12. Date on which proxy holder will cease to hold voting rights: 13. Additional information: Notification using a figure of 12,375,082 as the total voting rights in the issuer.

14. Contact name: Andrew Robinson 15. Contact telephone number: 020 7389 8867

Annex: Notification of major interests in share A: Identity of the persons or legal entity subject to the notification obligation Full name (including legal form of legal entities) Contact address (registered office for legal entities) Coronation Asset Management (Pty) Ltd MontClare Place Cnr Campground & Main Roads Claremont, Cape Town 7708 South Africa] Phone number & email +27-21-680-2000 jrowland@coronation.co.za Other useful information (at least legal representative for legal persons) Coronation Asset Management (Pty) Ltd as investment manager acts on behalf of various clients holding JMTPL in their portfolios B: Identity of the notifier, if applicable Full name Contact address Andrew Robinson c/o Coronation Fund Managers, 7 th Floor, St Albans House, 57-59 Haymarket, London SW1Y 4QX Phone number & email 020 7389 8867 arobinson@coronationfunds.co.uk Other useful information (e.g. functional relationship with the person or legal entity subject to the notification obligation) Compliance Officer as Coronation International C: Additional information