Pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and of article 248 of the Portuguese Securities code, EDP - Energias de Portugal, S.A. ("EDP") is providing the following information to the market:

EDP Renováveis, S.A., 77.5% controlled by EDP, announced it entered today into an agreement with ACE Portugal Sàrl which is 100% owned by ACE Investment Fund II LP – an entity participated of China Three Gorges Hong Kong Ltd, a fully-owned subsidiary of China Three Gorges ("CTG") – to sell 49% of equity shareholding and shareholder loans in a portfolio of wind assets for a total consideration of €242 million. The transaction scope covers 422 MW of wind technology, located in Portugal, with an average age of 6 years.

These assets were part of ENEOP project and have been fully consolidated at EDPR following the conclusion of asset split process in 2015. Based on the transaction price, the total implied enterprise value for 100% of assets amounts to €707 million:

i) €494 million of equity value and shareholder loans (already including the expected capex amount for projects currently under construction);

ii) €213 million of external debt.

The implied enterprise value of the transaction amounts to €1.7 million/MW.

This transaction is made in the context of the Strategic Partnership between EDP and CTG namely in relation to the €2 billion investment by CTG (including co-funding capex) in EDP Group's operating and ready-to-build renewable energy projects.

EDP – Energias de Portugal, S.A.