Galp Energia

Capital/Financing Update • Jun 9, 2020

Issuance of EUR 500,000,000 Euro Medium Term Notes due in 2026

Galp informs that it has set today the terms of a EUR 500,000,000 bond, with maturity in January 2026 and a coupon of 2.0%.

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

BBVA, BNP Paribas, CaixaBI, Mizuho, Santander and UniCredit acted as joint bookrunners.

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

Otelo Ruivo, Head Inês Clares Santos João A. Antunes João G. 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, including, without limitation, regarding future results, namely cash flows, dividends, and shareholder returns; liquidity; capital and operating This announcement may include forward-looking statements, including, without limitation, regarding future results, namely cash flows, dividends, and shareholder returns; liquidity; capital and operating significantly gift or circumstances