Galp Energia

Capital/Financing Update • Nov 3, 2017

National Storage Mechanism | Additional information

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RNS Number : 4613V

Galp Energia, SGPS. S.A

02 November 2017

Conversion of bearer notes into registered notes

Galp Energia, SGPS, S.A.

(incorporated with limited liability under the laws of Portugal)

"EUR500,000,000 4.125 per cent. Notes due 25 January 2019"

"EUR500,000,000 3.00 per cent. Notes due 14 January 2021"

Galp Energia, SGPS, S.A. (the "Issuer") has issued the "EUR500,000,000 4.125 per cent. Notes due 25 January 2019" (ISIN code PTGALIOE0009) and the "EUR500,000,000 3.00 per cent. Notes due 14 January 2021" (ISIN code PTGALJOE0008).

The national implementation of article 10, 2 of the Directive (EU) 2015/849 of the European       Parliament and of the Council of 20 May 2015, on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, prevents the issue of bearer securities and creates an interim period until 4 November 2017 during which existing bearer securities shall be mandatorily converted into nominative securities, by means of the passing of a resolution by the board of directors of the relevant issuer and the consequent implementation of certain operational procedures.

Since the "EUR500,000,000 4.125 per cent. Notes due 25 January 2019" and the "EUR500,000,000 3.00 per cent. Notes due 14 January 2021" are ao portador (in which case Interbolsa - Sociedade Gestora de Sistemas de Liquidação de Sistemas Centralizados de Valores Mobiliários, S.A., the Portuguese central securities depositary, cannot inform the Issuer of the identity of the noteholders), the Board of Directors of the Issuer resolved on 27 October 2017 to convert the "EUR500,000,000 4.125 per cent. Notes due 25 January 2019" and the "EUR500,000,000 3.00 per cent. Notes due 14 January 2021" from ao portador to nominativas (in which case Interbolsa - Sociedade Gestora de Sistemas de Liquidação de Sistemas Centralizados de Valores Mobiliários, S.A., the Portuguese   central securities depositary, can inform the Issuer of the identity of the noteholders), terms 22 (Form of Notes) and 21 (Form of Notes) of the corresponding Final Terms being mandatorily deemed amended accordingly:

"EUR500,000,000 4.125 per cent. Notes due 25 January 2019"

"22. Form of Notes:               Dematerialised book-entry form (forma escritural) held through      Interbolsa

Ao portador"

is replaced by 

"22. Form of Notes:                Dematerialised book-entry form (forma escritural) held through      Interbolsa

Nominativas"

"EUR500,000,000 3.00 per cent. Notes due 14 January 2021"

"21. Form of Notes:                Dematerialised book-entry form (forma escritural) held through      Interbolsa

Ao portador"

is replaced by

"22. Form of Notes:                Dematerialised book-entry form (forma escritural) held through     Interbolsa

Nominativas"

The conversion will be implemented on 4 November 2017 by Interbolsa - Sociedade Gestora de Sistemas de Liquidação e de Sistemas Centralizados de Valores Mobiliários, S.A., as operator of the Portuguese central securities clearing system (Central de Valores Mobiliários).

To view the full document, please paste the following URL into the address bar of your browser:

http://www.galpenergia.com/EN/Investidor/Noticias/Documents/2017/2017%2011%2002_Conversao_bonds_veng_UKLA.pdf

For further information, please contact:

Galp Energia, SGPS, S.A.

Investor Relations Division

Rua Tomás da Fonseca, Torre A

1600-209 Lisbon, Portugal

Tel: +351 217 240 866

Fax: +351 217 242 965

Email: investor.relations@galp.com

This announcement may include forward-looking statements. Forward-looking statements are statements other than in respect of historical facts and accordingly actual events or results may differ materially from those expressed or implied by such forward-looking statements. Important factors that may cause actual results to differ from forward-looking statements are referred in the Annual Accounts Report of Galp for the year ended 31 December 2016. Galp does not intend to, and expressly disclaims any duty, undertaking or obligation to, make or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this announcement to reflect any change in events, conditions or circumstances.

This information is provided by RNS

The company news service from the London Stock Exchange

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