Galp Energia

Regulatory Filings • Oct 7, 2019

Galp secures renewable power purchase agreements in Spain

Galp has strengthened its commercial portfolio to provide renewable power to its clients by means of a framework agreement set with X-Elio to enter into several synthetic Power Purchase Agreements.

These agreements are based on c.200 MW solar power generation projects in Spain, which are currently under development, covering a total notional amount of 358 GWh per year during a period of 12 years, which shall be progressively allocated to Galp's commercial activities from June 2020 onwards.

This framework agreement fits Galp's strategy by securing a balanced and competitive long-term sourcing for its power activities, while offering its clients access to efficient and environmentally sustainable energy solutions.

About X-Elio:

X-Elio is fully focused on the development, construction and operation of Solar PV plants with a global presence in Europe (Spain and Italy), United States, Mexico, Chile, Japan and Australia, among others. Revenue in 2018 topped €130 m. The company's experience was forged through the development of more than 2 GW of solar plants, of which it currently operates 23 spread through 13 countries. The X-Elio group is a global leader in renewable and sustainable energy that holds a strong commitment towards reducing greenhouse gas emissions and fighting climate change.

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

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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 2018. 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.