edp announcement

Conclusion of sale of gas transmission business in Spain

Friday, 15 February 2013

Following CMVM's request, the information released to the market on July 20th 2012 and the obtention of the required authorizations by the regulatory and antitrust authorities, EDP, through its gas sector subsidiary in Spain, Naturgas Energía Grupo, S.A. has completed today the sale of the gas transmission business owned by EDP Group in Spain, to Enagás, S.A., the Spanish gas transmission system operator.

Pursuant to the terms and for the purposes of article 248 of the Portuguese Securities code, EDP - Energias de Portugal, S.A. ("EDP") is providing the following information to the market:

Following CMVM's request, the information released to the market on July 20th 2012 and the obtention of the required authorizations by the regulatory and antitrust authorities, EDP, through its gas sector subsidiary in Spain, Naturgas Energía Grupo, S.A. ("Naturgas") has completed today the sale of the gas transmission business owned by EDP Group in Spain, to Enagás, S.A. ("Enagás"), the Spanish gas transmission system operator.

As a result of the sale of the gas transmission assets of Naturgas, Enagás and the Basque Government, through EVE, will own 90% and 10%, respectively.

The agreed transaction price represents an enterprise value of €258 million (€245 million paid by Enagás for 90% of the shares and the entire intra-group debt). The expected consolidated capital gain will be accounted in 1Q13.

EDP – Energias de Portugal, S.A.