Galp Energia

Capital/Financing Update • Nov 8, 2017

Issuance of EUR 500,000,000 Euro Medium Term Notes due in 2023

Galp informs that it has set today the terms of a EUR 500,000,000 bond, with maturity in February 2023 and a coupon of 1.0%.

The notes, issued under the EMTN Programme ("Euro Medium Term Note Programme"), are expected to be listed on the London Stock Exchange.

BNP Paribas, CaixaBI, Deutsche Bank, Société Générale and UniCredit acted as joint bookrunners.

Galp Energia, SGPS, S.A. Investor Relations:

Pedro Dias, Head Otelo Ruivo, IRO Cátia Lopes João G. Pereira João P. Pereira Teresa Rodrigues

Contacts: Tel: +351 21 724 08 66

Fax: +351 21 724 29 65

Address: Rua Tomás da Fonseca, Torre A, 1600-209 Lisbon, Portugal Website: www.galp.com Email:investor.relations@galp.com

Reuters: GALP.LS Bloomberg: GALP PL

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.