At the General and Supervisory Board's meeting held on 13th July, this corporate body approved the creation of an Audit Committee and a Remunerations Committee.
 

The Audit Committee shall accompany the financial subjects of the company, as set forth in article 444, no. 2 of the Companies Code and article 23, no. 2 of EDP's by-laws, and is composed only of independent members. The members of the Audit Committee, which are in functions from June 30, 2006, are the following:
 

    > Vítor Fernando da Conceição Gonçalves (Chairman);

    > Manuel Fernando de Macedo Alves Monteiro;

    > António Francisco Barroso de Sousa Gomes.

The Remunerations Committee of the General and Supervisory Board is responsible, in accordance to article 27, no. 1 of EDP's by-laws, for setting the remunerations of the members of the Executive Board of Directors and the majority of its members are independent. The members of the Remunerations Committee are the following:
 

    > Alberto João Coraceiro de Castro (Chairman);
   
    > Eduardo de Almeida Catroga;
   
    > Paulo Jorge de Assunção Rodrigues Teixeira Pinto.

 

EDP - Energias de Portugal, S.A.