EDP-Energias — M&A Activity 2018

Oct 25, 2018

Investors & Analysts' Briefing

Reuters: EDP.LS Bloomberg: EDP PL

EDP BRASIL SELLS MINI-HYDRO PLANTS

Lisbon, October 25th , 2018: 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. ("EDP") is providing the following information to the market:

EDP – Energias do Brasil, S.A. ("EDPB"), 51% held by EDP, signed a sale and purchase agreement with Statkraft Energias Renováveis S.A., for the sale of all the shares held by EDP Brasil at EDP Pequenas Centrais Hidroelétricas S.A. ("EDP PCH"), owner of 7 mini-hydro plants, and Santa Fé Energia S.A. ("Santa Fé"), owner of one mini-hydro plant. These eight mini-hydro plants are located in the Espírito Santo state and hold an installed capacity of 131.9MW and physical guarantee of 68.8MW, with final concession maturity between 2025 and 2031.

The total amount of the transaction is R\$704 million, including an estimated net debt of R\$113 million. Therefore, the expected proceeds amount to R\$591 million, subject to adjustment between the signing and closing dates, common to this type of transaction.

The completion of this transaction is subject to the verification of precedent conditions, namely: i) the approval of the Brazilian Antitrust Authority (CADE); and (ii) the approval of the Brazilian Electricity Regulatory Agency (ANEEL).

EDP – Energias de Portugal. S.A.

Investor Relations Department Miguel Viana, Head of IR Sónia Pimpão Maria João Matias Sérgio Tavares Carolina Teixeira phone +351 21 001 2834 fax +351 21 001 2899 ir@edp.pt