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Summary

The report focuses in detail on quantitative performance, highlights, case studies and future goals in relation to the key impact areas identified by the company during 2006

Report Highlights

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Sonae Sierra continues to strengthen its CR reporting approach, attaining level B+ compliance with the Global Reporting Initiative (GRI) G3 Sustainability Reporting Guidelines, a step up from the level C+ achieved last year. For the second year, verification by Deloitte provides external commentary on the rigour and transparency of the full report.

Access the report now from www.sonaesierra.com/Web/en-GB/corporateresponsibility/reports/default.aspx

Sonae Sierra's 2007 CR Report focuses in detail on quantitative performance, highlights, case studies and future goals in relation to the key impact areas identified by the company during 2006, and is structured in accordance with these topics.

The Summary Report contains an overview of Sierra performance by country of operation and highlights the company's stakeholder engagement initiatives.

Additional features in the full CR Report 2007 include:
Comprehensive disclosures on strategy and management approach in relation to Environmental, Social and Economic aspects, in line with GRI requirements;
A full review of progress against 2007 targets;
Extensive Key Performance Indicators, including Sierra's own indicators and many of those prescribed by the GRI, including Climate Change indicators calculated in accordance with the WBCSD/WRI Greenhouse Gas Protocol.

E-mail CR@sonaesierra.com for a hard copy of the CR Summary Report.

About Sonae Sierra
Sonae Sierra, www.sonaesierra.com, is an international shopping centre specialist, with a passion for bringing innovation and excitement to the shopping and leisure centre industry. The Company owns 48 Shopping Centres in Portugal, Spain, Italy, Germany, Greece, Romania and Brazil, with a total Gross Lettable Area (GLA) of more than 1.9 million m2. Sonae Sierra has 13 projects under development and 15 new projects in different phases of completion in Portugal, Spain, Italy, Germany, Greece, Romania and Brazil with a total GLA of 1 million m2. In 2007, its centres welcomed more than 410 million visits.