Determinación de los derechos consolidados y económicos.

i) Pepe - Maritime Madeira - Futebol SAD

On 14 October 2010, Marítimo da Madeira – Futebol, SAD (“Marítimo”) brought a declarative action against FCPorto, SAD in the Professional Football Portuguese League claiming a rectification in the amount due regarding the sale of the Pepe’s registration to Real Madrid in the amount of, approximately, 840,000 Euro, which includes late payment interests. On 14 September, 2012, the Arbitral Comission of LPFP decided as unfounded all the claims from Marítimo, acquitting FCP, SAD. Subsequently, on 17 October, 2012, Marítimo presented appealed to decision to the plenary of LPFP. In December 2013 the request for the annulment of the decision of the Plenary of the LPFP Arbitral Commission initiated by Maritime Football SAD within the Porto Civil Courts of Porto was denied, and from this decision has brought an appeal to the Court of Appeal of Porto, by Maritimo SAD being this process at the moment yet to be processed.

The Board of Directors of the Company and its legal consultants, understands that the grounds considered by the clubs in the above processes are not correct, by which it was presented contestation, and it’s not estimated that from the outcome of these processes arise in any material impact on the consolidated financial statements.

30.06.2015 30.06.2014

Opening balance - (1,012,172)

Changes in the perimeter (786,966) -

Change in fair value 249,011 204,372

Accrued interests 11,729 20,834

Closing balance (526,226) (786,966)

Currency Notional (in currency)

Notional

(in Euro) Agreement date Due date EUR 6,322,263 6,322,263 29/08/2003 28/09/2018

Consolidated Accounting Report 2014/2015

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ii) Kléber - Maritime Madeira - Futebol SAD

On 18 October 2011, Marítimo da Madeira – Futebol, SAD (“Marítimo”) brought a declarative action against FCPorto, SAD in the Professional Football Portuguese League claiming a sum by way of "compensation for promotion or appreciation" of the player Kléber Laube Pinheiro, having been rejected. Subsequently, the decision was annulled by the civil courts of Porto at the request of Marítimo and the appeal of FC Porto, SAD, from this annulment decision was denied. The Board of Directors, as well as its’ legal consultants, consider that the grounds presented by Marítimo is not correct; therefore no impacts over the consolidated financial statements are estimated to occur arising from the outcome of this action.

iii) João Moutinho - Sporting

Was brought by Sporting Clube de Portugal, SAD, within the LPFP Arbitral Commission, a declarative judgment action concerning the definitive cession of the palyers’ registration rights relating to the athlete João Filipe Iria Santos Moutinho, contract under which it was attributed to Sporting SAD the right to receive 25% of the capital gain recorded in a future transfer of the player to a third club. On September 17, 2014 the LPFP Arbitral Commission notified FCP, SAD from the decision concerning this process in which the Company has condemned to the payment, to Sporting Clube de Portugal, SAD, of the amount of 658,047 Euro plus interest. The Board of Directors of the Company and its legal consultants, understands that the grounds presented by Sporting are not correct, so it appealed from the decision to the LPFP Arbitral Commission Plenary in October 6, 2014, not estimating to occur, from the outcome of this action, any material impacts over the consolidated financial statements.

The Board of Directors of the Company and its legal consultants, understands that the grounds considered by the clubs in the above processes are not correct, by which it was presented contestation, and it’s not estimated that from the outcome of these processes arise in any material impact on the consolidated financial statements.

Contingent Assets i) Tax litigations

The Company made in previous years, payments for additional assessments of tax, recording such payments as an expense in the period in which such payments occurred. However, the Company maintains the complaints and judicial claims, calling for the return of such amounts.

Consolidated Accounting Report 2014/2015

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ii) Property municipality tax

In a public meeting of the Municipal Council of Porto held on April 18, 2006, it was unanimously approved the proposed classification of the “Estádio do Dragão” as "property of municipal interest." In February 2008, an order by the Porto Tax Services approving the request for Property municipality tax exemption ("IMI") was issued in respect to the property, and that, according to legislation expressed in the Tax Benefits Statute will apply for the years 2006 and following. In October 2006, the Board of Directors of Euroantas addressed a request to the Minister of Finance requesting that the IMI exemption obtained would be applicable since 2004. However, in February 2008, the Group received an IMI settlement note for the years 2004 and 2005 whose total value amounted to 343,871 Euro. Despite this amount was recorded as an expense in the income statement for the year ended June 30, 2008, the Company’s Board of Directors understands that there is grounding to justify that the exemption would also apply to the years 2004 and 2005, in July 2008, the Group presented an administrative claim regarding the referred settlement; this claim was dismissed and subsequently there has been presented a judicial claim.

As has not yet been any further development in this process, the Group continues to wait for a final decision.