On May 13, 2011, JP Morgan Chase & Co. ("JP Morgan") notified EDP that the holding of one of its subsidiaries, JP Morgan Securities Ltd moved above 2% on May 10, 2011.

In accordance with article 20 of the Portuguese Securities Code, JP Morgan came to hold 74,220,206 ordinary shares of EDP, which corresponds to 2.03% of EDP's share capital and 2.03% of the respective voting rights. The change of qualifying holding resulted from the acquisition off-market of 401,912 shares by JP Morgan Securities Ltd.

JP Morgan also informed that the chain of entities relevant for the calculation of the qualifying holding in accordance with number 1 of article 20 of the Portuguese Securities Code are the following:

- JP Morgan Whitefriars Inc., which holds 165,623 ordinary shares of EDP, corresponding to 0.005% of EDP's share capital and 0.005% of the respective voting rights;

-  JP Morgan GT Corporation, which holds 304,598 ordinary shares of EDP, corresponding to 0.008% of EDP's share capital and 0.008% of the respective voting rights;

- JP Morgan Securities Ltd, which holds 73,749,985 ordinary shares of EDP, corresponding to 2.017% of EDP's share capital and 2.017% of the respective voting rights;

EDP – Energias de Portugal, S.A.