OUR HISTORY

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Turnover 2009 2010 2011 (Bgt)Total (millions of Euros) 140 174 175Foreign Market (%) 13% 23% 24%

OUR ACTIVITY

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Proef International covers all Proef Group companies which operate across borders in assorted activities that characterize us. The main countries where the Group has been developing some activities are: Morocco, Brazil, Angola, Mozambique, South Africa and Spain .

100% owned by Proef, SGPS, S.A., Proef International operates in areas such as Electricity, Telecommunications and Renewable Energies, providing services of recognized quality which envelop the entire value chain.

Its main action principle is the quality that shows in the ability to turn knowledge into Value for Customers.

In fact, those who acquire this type of solutions, make it from an investment perspective, hoping its returning. It is our duty to assure it!

We strive and challenge ourselves daily to achieve our goals and exceed the expectations of our customers and shareholders.

We explore our activity in the following areas: • Telecommunications Infrastructures • Electricity Infrastructures Renewable • Energies Infrastructures • Consulting

In each of these areas we intend to cover up the value chain in order to ensure our customers all the levels of satisfaction and quality they require. Thus, we guarantee the best final result of the implemented solutions.

TELECOMMUNICATIONS

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Currently, our business covers three areas in the telecommunications sector (Services, Consulting and Product) and it is specialized in Fixed, Mobile, Core, and Next Generation Networks. And so, as mentioned, we are able to cover end-to-end needs of our customers. We cover all tasks from planning to maintenance, through Engineering, Optimization, Rollout, Integration, Management and O & M.

Our portfolio is rich and is constantly updated so it can meet the needs and demands of the market; we’ve worked to be perceived as the privileged partner.

Among the many projects already undertaken and ongoing, we can specify some projects as a benchmark of our capabilities:

• New Generation Network(NGN) - FTTH/FTTN Vodafone – we are responsible for planning, design, deployment and maintenance of FTTH and FTTN Vodafone project.

• Mobile - Deployment and maintenance of radio stations, BSC and MSC for TMN and Vodafone - Proef Group has the responsibility, on an turn-key solution, of radio planning, licensing, civil works, energy, installation and commissioning. We also have the responsibility for preventive and corrective maintenance on Mobile Network.

• Drop Client FTTH - Fiber Network - Set up and service commissioning of fiber client to Portugal Telecom and Vodafone.

• Unitel Angola and Vodacom Mozambique - We are responsible for all activity deployment of GSM/UMTS stations. Our business ranges from the provision of infrastructure by placing the service, the logistics and real state tasks that are guaranteed.

Mobile

NG

NW

ireline

Distribution N

etworks

SubstationsTET

HPTL

ENERGY

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In the electricity sector we are a company specialized in infrastructure, energy production, energy transmission lines (LMAT 150 KV, 220 KV and 400 KV) substations, power distribution network (HV, MV and LV) and Work in tension (TET). We organize our business into three sections: Services, Products and Consulting. Thus, we cover the entire value chain of the draft Electricity. We look at developments in the sector and the requirement of our customers so our portfolio is a living element, because only then we can fight to be perceived as the privileged partner.

Among the many projects already undertaken and ongoing, we can enumerate some projects as a benchmark of our capabilities:

• Line of MAT between Portimão and TaviraREN delegated to Proef Group the supply of materials and service and set up of 400kV line between Portimão and Tavira. This project was a line extension of 33 km with 80 double-beam supports.

• Continuous Contract with EDPEDP signed, for five years, a contract with Proef Group for the construction, preservation and maintenance of its infrastructure. With this contract Proef Group becomes a reference.

During 2009,Proef Group secured the following qualifications:

• REN QualificationRede Eléctrica Nacional, SA in class of providing set up of General Electrical

• REN Gas QualificationOperation and Maintenance of PTs and Rent Generators and Transport

RENEWABLE ENERGIES

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Acting in strict cooperation with the Proef Renewable Energy, Proef International positions itself clearly in this sector through the design, construction, operation and maintenance of integrated solutions for energy production from renewable sources, with particular emphasis on the advantages of wind (wind), solar (photovoltaic / solar electric term), water (mini hydro) and biomass (central of forest biomass and production of pellets).

The Proef International is specialized in EPC projects (Engineering, Procurement and Construction), it takes full responsibility from the moment of conception until the entry into production, which comprises the Design Project, Implementation Project, Management Project, insurance, financial ability and all the tasks of deployment and service availability to the project. Thus, it involves its experience and knowledge along the value chain of the project, ensuring the best solutions, deadlines and partners, releasing the project owner to prepare its operation.

Among the many projects already developed and ongoing we list some of our projects as a reference of our capabilities:

• Parque Eólico do ZibreiroThis is a project implemented by Proef Group, it has a set up capacity of 8MW, and the energy produced is 18GWh/year. • Parque Eólico Vieira CabreiraThis is a work executed by Proef Group, with set up capacity of 1MW, annually producing 2.1 GWh.• Parque Solar Fotovoltaico de AználcollarThis is a project undertaken by Paeflux (our subsidiary in Spain) where all the coordination, implementation and management are Eurico’s Ferreira responsibility.• Micro-generationDesign, supply and set up of micro-generation solutions are one of the realities of Proef Group; currently, we have over 420KW in production.

Our presence in the renewable energy sector and our desire to grow requires us to have a dynamic portfolio that covers the areas of consulting, products and services.

Wind Farm

Photovoltaic Parks

Micro generation

CONSULTING

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We develop Consultancy, at international level, in Telecommunications and Energy sectors.

MAIN ACTIVITIES:

• Audit – we perform process and network audits under operational, safety and process point of view;

• Advising – we have a senior team prepared to advise you on decision making, business and contract management;

• Consultancy – our team counts with senior elements prepared to help on the daily basis activity of your organization;

• Engineering – we are able to work with you on network design, test performance, definition of QoS parameters, reports definition, RFP production, identify the best solution and equipment for you;

• Outsourcing – we have experience in task and teams outsourcing, this will allow you to optimize your organization in terms of budget and operations;

• Training – based on our team experience, training is a natural service for us and a value added service for you.

Product • Solutions design – today´s market requires that we try to

innovate and to introduce new products. This is where we can collaborate and make the difference, because we have a team dedicated to solutions/products design for the telecommunications and energy sectors.

Rua do Poente, 166 Apartado 2824786-909 TrofaPortugalPhone | +351 252 400 610Fax | +351 252 400 619

www.proef.pt

PROEF GROUP

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Main Clients: