EDP reinforces control over Naturgas
Within the scope of the privatization process of Naturgas Energia Grupo, S.A. ("Naturgas") which occurred in 2003, Hidroeléctrica Del Cantábrico S.A. ("HC) (96,86% owned by EDP) acquired a controlling stake in Naturgas and closed with Ente Vasco De La Energia ("EVE"), a shareholder agreement valid until July 30th, 2010, which included a put option for part or the whole of EVE's stake in Naturgas, to be exercised at market value until July 30th, 2010.