CTG acquires and Parpública reduces qualified shareholding in EDP | edp.com

On May 11, 2012, China Three Gorges International (Europe), S.A. ("CTGI Europe"), a company governed by the law of the Grand Duchy of Luxembourg, notified EDP -Energias de Portugal,S.A. ("EDP"), in accordance with article 16 of the Portuguese Securities Code, that, on the present date, it has acquired, through a transaction executed outside a regulated market, the ownership of 780,633,782 shares representing 21.35% of the share capital of EDP which are the object of the reference direct sale that pursued the 8th reprivatization phase of EDP, approved by Decree Law no. 106-A/2011, of 26 de October, and therefore, concluding the Reference Direct Sale Agreement entered into with Parpública – Participações Públicas (SGPS), S.A., on 30 December 2011.

In the same date, Parpública – Participações Públicas (SGPS), S.A. (Parpública) notified that it has sold to CTG Europe, through a transaction executed outside a regulated market, the ownership of 780,633,782 shares representing 21.35% of the share capital of EDP.

In result of the above acquisition, a change of the title of attribution of the voting rights inherent to the 780,633,782 shares representing 21.35% of the share capital and voting rights of EDP has occurred. As from this date, such voting rights are directly attributed to CTG Europe, and also to its dominant shareholder, China Three Gorges Corporation, in accordance with the contents of number 1 and its sub-paragraph b) of Article 20 of the Portuguese Securities Code.

Accordingly, Parpública has reduced its qualified shareholding in EDP from 25,49% of the respective share capital and voting rights to 4,14% of the share capital and voting rights in EDP, holding a total amount of 151.517.000 shares in EDP, all of which correspond to category B shares.

EDP – Energias de Portugal, S.A