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REN-Redes Energeticas Nacionais

Capital/Financing Update • Jun 5, 2020

1903_iss_2020-06-05_f5fc9c08-fd89-4a7e-b357-de77efddea5e.pdf

Capital/Financing Update

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Unofficial Translation

This is an unofficial translation of the proposal indicated below and it has been prepared for information purposes only. In the event of any discrepancy between this translation and the Portuguese version, the Portuguese version will prevail.

COMMUNICATION

FITCH AFFIRMS REN'S RATING AT 'BBB' AND REVISES OUTLOOK TO NEGATIVE

Under the terms and for the purposes of article 248 of the Portuguese Securities Code and of article 3, paragraph d) of CMVM's Regulation no. 5/2008, REN – Redes Energéticas Nacionais, SGPS, S.A. ("REN" or "Company") hereby discloses to the market the following information:

Fitch Ratings (Fitch) affirmed REN's Long-Term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB'. The outlook was revised from stable to negative.