71OO Nat.grid.n.a 25

        
 Re:                                                                                             Portugal Telecom
International Finance BV
                                                                                                 EUR 50,000,000.00
                                                                                                 MATURING: 07-Aug-2013
                                                                                                 ISIN: XS0382170891
                                                                                                                                          
 PLEASE BE ADVISED THAT THE INTEREST RATE FOR THE PERIOD
 07-Nov-2008 TO 09-Feb-2009 HAS BEEN FIXED AT 6.16 PCT
  
 DAY BASIS: ACTUAL/360
  
 INTEREST PAYABLE VALUE 09-Feb-2009 WILL AMOUNT TO:
 EUR 804.61 PER EUR 50,000.00 DENOMINATION
    

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