edp announcement

Conclusion of sale by EDP Brasil of 50% in Jari and Cachoeira Caldeirão hydro plants

Friday, 27 June 2014

Following the information released to the market on December 6th 2013, signing of shareholders" agreements and the obtainment of the relevant regulatory approvals, EDP - Energias do Brasil S.A. has completed the sale of 50% stake in the company holding the rights to develop the Jari hydro power plant project (373 MW) and 50% in the company holding the rights to develop the Cachoeira Caldeirão hydro power plant project (219 MW), to CWEI (Brasil) Participações Ltda., a subsidiary of China Three Gorges.

Under the terms and for the purposes of article 248 of the Securities Code, EDP – Energias de Portugal, S.A. ("EDP") hereby discloses the following information to the market and to the public in general:

Following the information released to the market on December 6th 2013, signing of shareholders" agreements and the obtainment of the relevant regulatory approvals, EDP - Energias do Brasil S.A. ("EDP Brasil") has completed the sale of 50% stake in the company holding the rights to develop the Jari hydro power plant project (373 MW) and 50% in the company holding the rights to develop the Cachoeira Caldeirão hydro power plant project (219 MW), to CWEI (Brasil) Participações Ltda. ("CWEI"), a subsidiary of China Three Gorges ("CTG").

The total amount of the transaction, paid today by CWEI to EDP Brasil was R$420.6 million, of which R$420.2 million on the sale of 50% stake in Jari hydro power plant project and R$0.4 million on the sale of 50% stake in Cachoeira Caldeirão hydro power plant project.

This transaction took place in accordance with the EDP/CTG strategic partnership established in December 2011 and that entered into force on May 2012.

EDP – Energias de Portugal, S.A.