EDP reaches shareholding threshold allowing for compulsory acquisition of remaining shares in EDP Brasil | edp.com

Lisbon, July 26, 2023 – Pursuant to and for the purposes of article 2 of CMVM Regulation no. 1/2023, as well as article 17 of Regulation (EU) no. 596/2014 of the European Parliament and of the Council, EDP - Energias de Portugal, S.A. ("EDP"), following the announcements made on March 2, 2023, April 11, 2023, May 31, 2023 and July 11, 2023, regarding the public offering for the acquisition of up to all the common shares issued by EDP - Energias do Brasil, S.A. ("EDP Brasil"), through EDP International Investments and Services, S.L., the offering company, hereby informs its shareholders and the market in general, within the context of the public offering for the acquisition of up to all the common shares issued by EDP Brasil for the purposes of cancellation of its registration as a publicly held company in category A and conversion into category B and delisting from Novo Mercado of B3 S.A. – Brasil, Bolsa, Balcão (the “Offer”), and pursuant to the CVM Resolution no. 44, of August 23, 2021, particularly Article 12 thereof, that on July 25, 2023, as a result of the acquisitions carried out in the context of the EDP’s obligation to extend the possibility of sale to those shareholders who did not sell on the Offer’s auction during the subsequent three-month period, EDP’s aggregate shareholding in EDP Brasil’s share capital has reached 538,259,059 common shares, representing approximately 92.62% of the total common shares issued by EDP Brasil.

As a result of the latest acquisitions and considering the total number of treasury shares (2.51%), outstanding shares currently represent less than 5% of the total shares issued by EDP Brasil. Accordingly, pursuant to item 9.1.1 of the Offer notice, and the provisions of Article 4, Paragraph 5, of the Brazilian Corporate Law, EDP will endeavor to, under the terms of applicable law, propose the convening of EDP Brasil’s general shareholders' meeting to resolve on the compulsory acquisition of the remaining shares outstanding. With the approval of this resolution, the period allowed for supervening acquisitions may be closed earlier.

EDP has requested EDP Brasil to disclose this information immediately, pursuant to applicable law.

With this result, EDP takes an important step towards achieving its strategy communicated on March 2, 2023 in the Capital Markets Day, enabling the simplification of its corporate structure and providing greater flexibility in managing its integrated presence in the Brazilian market.

EDP reaffirms its commitment to keep its shareholders and the market in general duly informed of any relevant developments or resolutions in this regard, under the terms of the applicable legislation and regulations. This announcement to the market is exclusively informative in nature and does not constitute an offer or a proposal to offer the acquisition of securities.

EDP – Energias de Portugal. S.A.