Lisbon, August 1st 2006

A new image for www.sonaesierra.com

Sonae Sierra's website with new functionalities

One year after the release of the new brand and graphic image, Sonae Sierra revamps the design of its website, aiming to make navigation easier for visitors, and add functionality and flexibility to the communication with the Company's stakeholders.

Visitors  to  www.sonaesierra.com  now  have  new  areas  available  on  the homepage, covering themes related to Sonae Sierra's activities, where they can download Reports and Accounts, Corporate Responsibility Reports and the Company's Press Kit.

The   new   user   registration   application   allows   registered   users   to automatically  receive  digital  versions  of  press  releases  and  reports requested through the Corporate Portal.

The users of this service can register online, filling in a small form to select relevant information or to request the printed versions of the Company's Reports.

A  new  loop  animation,  developed  with  Flash  software,  with  images  of Sonae Sierra's shopping and leisure centres, is also part of the new image.

Sonae  Sierra,  www.sonaesierra.com,  is  the  international  shopping  centre  specialist  that  is  passionate  about bringing  innovation  and  excitement  to  the  shopping  and  leisure  industry.  Sonae  Sierra  owns  or  co-owns  39 shopping  centres  in  Portugal,  Spain,  Italy,  Greece  and  Brazil  with  a  total  GLA  of  more  than  1.6  million  m². Currently, Sonae Sierra has 15 other projects under development in Portugal, Spain, Italy, Germany, Greece and Brazil  with  a  total  GLA  above 550.000  m².  The  company  has  earned  an  international  reputation  for  the development  of  innovative  products  as  well  as  for  its  management  skills,  and  has  been  awarded  more international prizes than any other company in this sector.