Division 4.2.2

The International Core Activities and the International Instrumental Activities include the net assets contribution and the international areas set out below (cut-off date 31 December 2012).

1. 4.2.2.1.

   International Core Activities includes all the international areas (‘International Core Region’) where CGD owns a significant retail banking presence either through a local branch or an affiliated unit, as set out below:

   1. 4.2.2.1.1.

      Spain – total net assets: EUR [4 000-4 500] million^f1;

   2. 4.2.2.1.2.

      France – total net assets: EUR [4 000-4 500] million;

   3. 4.2.2.1.3.

      Macao (China) – total net assets: EUR [3 000-3 500] million;

   4. 4.2.2.1.4.

      Mozambique – total net assets: EUR [1 500-2 000] million;

   5. 4.2.2.1.5.

      Angola – total net assets: EUR [1 000-1 500] million;

   6. 4.2.2.1.6.

      South Africa – total net assets: EUR [600-650] million;

   7. 4.2.2.1.7.

      Brazil – total net assets: EUR [500-550] million;

   8. 4.2.2.1.8.

      Cape Verde – total net assets: EUR [750-800] million;

   9. 4.2.2.1.9.

      Timor – total net assets: EUR [50-60] million;

   10. 4.2.2.1.10.

       São Tomé – total net assets: EUR [0-5] million.

2. 4.2.2.2.

   International Instrumental Activities are specialized operations that provide services to CGD Group (such as funding, access to institutional markets and products structuring). Instrumental Activities are performed by local specialized branches or affiliated units in key markets, as set out below:

   1. 4.2.2.2.1.

      Luxembourg – total net assets: EUR [100-150] million;.

   2. 4.2.2.2.2.

      Cayman Islands – total net assets: EUR [600-650] million;

   3. 4.2.2.2.3.

      United Kingdom (London) – total net assets: EUR [400-450] million;

   4. 4.2.2.2.4.

      United States of America (New York) – total net assets: EUR [250-300] million;

   5. 4.2.2.2.5.

      China (Zhuhai) – total net assets: EUR [5-10] million.