World Leader in Cork Launches Industry's First Sustainability Report

CORTICEIRA AMORIM (Euronext Lisbon: COR; ISIN: PTCOR0AE0006),
market leaders in the cork industry, announced the publication of
their first Sustainability Report, reflecting jointly with
stakeholders on how to contribute to an effective sustainable
development.

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Highlights

- Cork oak forests and the resulting manufactured natural cork
products have a proven, positive role in sustainable development.

- The role of cork in CO2-retention, preserving biodiversity and
combatting desertification, is crucial in minimizing the world's
ecological footprint.

- CO2-retention capabilities of Portugal's cork forests are estimated
to be as high as 5% of the country's annual emissions, or 4.8
million tons per year.

- Amorim's annual production of natural wine stoppers alone retains
over 25 thousand tons of CO2, creating a unique balance between the
creation of wealth and the protection of the environment.

- Over 45% of Amorim's energy needs are supplied by renewable sources,
including natural cork itself.
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Commenting on the Report launch, Carlos de Jesus, Amorim's
Director of Marketing & Communications, said, "We are delighted to be
leading the way in taking a responsible stance on what will be the
most important considerations for cork as the closure of choice over
the next ten years. Our goal is to report annually on our sustainable
efforts with the aim of demonstrating significant progress in carbon
footprint reductions."

I - WHY NATURAL CORK FORESTS MATTER

The world's cork oak forests' role in mitigating the effects of
CO2, in preserving biodiversity and in combating desertification, is
now recognised as both fundamental to, and a unique example of, true
sustainable development.

The viability of natural cork forests and thousands of farming
communities, however, is determined by the creation of value-added
products manufactured and distributed by companies such as Amorim. As
a result, cork oak forests represent a centuries-old, vital balance
between ecosystem conservation, creation of wealth and social
development that benefit millions of people across the entire Western
Mediterranean.

II - CORTICEIRA AMORIM AND GLOBAL WARMING

Cork Forests' Global Positive Impact: As described, natural cork
has an important role in fighting climate change. Estimates of
CO2-retention capabilities for Portugal's cork forests alone reach as
high as 4.8 million tons annually, or approximately 5% of the
country's total emissions.

These figures, based on research recently presented by Lisbon
University's School of Agronomy, represent just 32% of the world's 2.3
million hectares (5.7 million acres) of cork forests.

Amorim's Products as Carbon Sinks: The CO2 retained by cork oaks
is stored in the products manufactured by Amorim, and remains there
throughout the entire product life cycle.

In the case of natural wine cork stoppers, it is estimated that
each one of the three billion units annually produced by Amorim
retains approximately 8.8 grams of CO2. The recycling of these
products - an activity embraced by millions of wine drinkers worldwide
- plays a significant role in extending these CO2-retention
capabilities.

Amorim's Energy Consumption: In addition to being a net retainer
of CO2, cork by-products can be used extensively as a source of
energy, thus playing an additional role in fighting climate change.
During 2006, Corticeira Amorim supplied 46% of its energy needs with
vegetal biomass power, representing a total of 410 thousand Joules of
energy produced from renewable sources.

Export Shipping and Transportation: The Corticeira Amorim approach
to sustainable development extends to increasing the usage of
lower-pollutant maritime transport for its products wherever possible.
Despite conducting the majority of its business activities within
continental Europe, Amorim's share of maritime transportation has
grown steadily from 33.7% in 2004 to 40.4% in 2005, and reaching over
46% in 2006.

III - BIODIVERSITY AND THE FIGHT AGAINST DESERTIFICATION

Cork oaks are evergreen trees that play a fundamental role in the
fight against desertification of large areas, not just in Europe but
also in the Northern African countries of Morocco, Tunisia and
Algeria, where cork forests are often the only obstacle to the
fast-advancing Sahara Desert.

Cork oaks, through their unique ability to thrive in sandy and
low-nutrient soils, allow for the crucial fixation of organic matter
and water-retention capabilities. The resulting environmental balance
creates the ideal ecosystem where countless animal and vegetal species
prosper. These include some of the world's most endangered species,
such as the Imperial Eagle, the Black Stork and Europe's last wild
feline, the Iberian Lynx.

While biodiversity is crucial, its co-existence in harmony with
human economic and social activity is also fundamental. By providing
environmentally sound jobs to countless farming communities, cork
forests not only foster biodiversity but also provide the means to
sustain and fix populations to the land, preventing additional
migrations to already-crowded cities.

IV - CORPORATE RESPONSIBILITY PERFORMANCE

From ethical trade to forest certification, and from professional
training to quality management, Amorim's assessment of its social
responsibility performance was conducted by PricewaterhouseCoopers
according to the standards of the Global Reporting Initiative (GRI 3).

Ethical Trade: Amorim Cork South Africa was the first cork company
in the world to obtain ethical trade certification. The standard was
awarded by the South Africa's Wine Industry Ethical Trade Association
(WIETA).

Forest Certification: Although it does not own forests, Amorim is
a key promoter of FSC - Forest Stewardship Council certification.
Amorim is the first packaging company in the world to obtain this
standard, which recognizes effective contributions to social, economic
and environmental advances in forested areas.

Employee Training: During 2006, Corticeira Amorim increased its
employee training programs by 19%, achieving a total of 38,000 hours
of training for all levels of professional staff on topics such as
safety, quality assurance and environmental issues.

Quality, Safety & Hygiene: Of a total of seven different
certifications obtained by Amorim, five are in the field of quality
management, product and employee safety & hygiene. These included
HACCP / ISO 22000, Systecode, ISO 9001:2000, ISO14001 and OHSAS ISO
18001:1999.

Corticeira Amorim is the world's leading producer of natural cork
wine closures, with over 3 billion sold annually worldwide. For more
information about the company and its commitment to sustainable
business practices, visit www.corticeiraamorim.com/en or
www.corkfacts.com.