EDP-Energias — M&A Activity 2017

Dec 19, 2017

Investors & Analysts' Briefing

Reuters: EDP.LS Bloomberg: EDP PL

EDP ENERGIAS DO BRASIL ACQUIRES SHARES IN CELESC

Lisbon, December 19 th 2017: 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 the article 248-A of the Portuguese Securities code, EDP - Energias de Portugal SA ("EDP") is providing the following information to the market:

EDP – Energias do Brasil, S.A. ("EDPB"), 51% held by EDP, announced today that it signed an agreement with Caixa de Previdência dos Funcionários do Banco do Brasil – Previ for the acquisition of 33.1% of ordinary shares and 1.9% of preferred shares of Centrais Elétricas de Santa Catarina S.A. – CELESC ("CELESC"). These shares correspond to 14.46% of the total shares of CELESC. The transaction price is R\$230 million. The conclusion of this transaction is subject to verification of certain conditions precedent, usual for this type of transaction.

CELESC operates in distribution, generation and transmission segments of electric energy, being the main company in the electricity sector in the state of Santa Catarina, as well as having operations in the natural gas distribution sector. Celesc Distribuição S.A., a subsidiary of CELESC, distributes energy to more than 2.8 million consumers in 264 municipalities in Santa Catarina and one in the state of Paraná.

EDPB also informed that if (and only if) the abovementioned transaction is concluded, it will hold a Voluntary Public Offering for the acquisition in the market of preferred shares of CELESC at the price of R\$27.00 per share and up to 32% of the total preferred shares of the issue of CELESC, corresponding the offer to a potential total amount of R\$199 million.

EDP – Energias de Portugal, S.A.

Investor Relations Department

Miguel Viana, Head of IR Sónia Pimpão João Machado Maria João Matias Sérgio Tavares Noélia Rocha phone +351 21 001 2834 fax +351 21 001 2899 ir@edp.pt