edp announcement

Full exercise of greenshoe from secondary distribution offer of EDP Brasil's ordinary shares

Wednesday, 13 July 2011

Within the secondary distribution offer of EDP - Energias do Brasil, S.A. ordinary shares, on July 12,  was exercised in full the option to purchase additional shares (greenshoe) relating to an allotment of 1,991,950 shares, corresponding to 10% of the shares initially offered in the Offer by Morgan Stanley S.A., as a stabilizing agent, after notification to the coordinators of the offer (BES Investimento do Brasil S.A. - Banco de Investimento, Banco Itau BBA S.A. and Banco Santander (Brazil) S.A.).

Within the secondary distribution offer ("Offer") of EDP - Energias do Brasil, S.A. (EDP Brasil) ordinary shares, on July 12,  was exercised in full the option to purchase additional shares (greenshoe) relating to an allotment of 1,991,950 shares, corresponding to 10% of the shares initially offered in the Offer by Morgan Stanley S.A., as a stabilizing agent, after notification to the coordinators of the offer (BES Investimento do Brasil S.A. - Banco de Investimento, Banco Itau BBA S.A. and Banco Santander (Brazil) S.A.).

The allotment of the shares were sold at the same price of the initially offer, which is R$ 37.0 (thirty seven reais), and provide to EDP – Energias de Portugal, S.A. ("EDP")  an additional gross proceeds of approximately 73.7 million reais (corresponding approximately to EUR 33.3 million  at a currency rate BRL/EUR of 2.21).

With the completion of this offering, considering full exercise of the greenshoe, EDP will receive a gross amount of approximately 810.7 million reais (corresponding to approximately EUR 362.3 million, according to the currency rate above) and decreases its shareholding in EDP Brasil from 64.8% to 51%.

EDP – Energias de Portugal, S.A.