Clarification of Press News on EDP's Strategic Update presentation | edp.com

Following the release of news from the Reuters News Agency and from the online newspaper ECO entitled, respectively, “EDP prepares the sale of generation assets in Portugal” and “EDP will invest €7 billion in renewables”, EDP – Energias de Portugal, S.A. (EDP) clarifies:

EDP’s corporate bodies, Executive Board of Directors (EBD) and General and Supervisory Board (GSB), will meet on March 11th to discuss and resolve on the content of EDP’s Strategic Update for the 2019-2022 period, that will be presented to the market on March 12th, as previously communicated. The proposal that the EBD will present to the GSB includes, in general terms, a reinforcement of investments in renewables as well as a plan of asset disposals. EDP will provide more details on these subjects in the referred presentation on its Strategic Update.

This information is disclosed 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-A of the Portuguese Securities code.

EDP – Energias de Portugal. S.A.