REN-Redes Energeticas Nacionais

Environmental & Social Information • May 9, 2024

Unofficial Translation

This is an unofficial translation 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.

RESOLUTIONS APPROVED AT THE ANNUAL GENERAL SHAREHOLDERS MEETING OF REN - REDES ENERGÉTICAS NACIONAIS, SGPS, S.A.

REN - Redes Energéticas Nacionais, SGPS, S.A. ("REN") hereby informs that in the General Shareholders Meeting held today the following resolutions have been approved by the Shareholders:

• Item 1 Approval of the Consolidated and individual accounts' reporting documents referring to the financial year ended on December 31st, 2023, accompanied, notably, by the legal certification of the accounts, the opinion of the supervisory body, the report of the Audit Committee, the corporate governance report (including the remuneration report), the non-financial consolidated statement;
• Item 2 Allocation of net profits in relation to the financial year ended on December 31st, 2023, as proposed by the Board of Directors, as follows:
  • To retained earnings: 150,973,591.37 Euros (one hundred and fifty million, nine hundred and seventy-three thousand, five hundred and ninety-one Euros and thirtyseven cents).
  • As dividends to shareholders from accumulated available reserves: 102,747,454.35 Euros (one hundred and two million, seven hundred and forty-seven thousand, four hundred and fifty-four Euros and thirty-five cents), corresponding to a distribution of 68.8% of REN, S.G.P.S., S.A. consolidated profit for the financial year of 2023, standing at 149,235,723.47 Euros (one hundred and forty-nine million, two hundred and thirty-five thousand, seven hundred and twenty-three Euros and forty-seven cents), equivalent to a gross dividend per share of 0.154 Euros.

Considering that REN made an early distribution of dividends, as an advance on

profits, in the amount of 42,700,240.77 Euros (forty-two million, seven hundred thousand, two hundred and forty Euros and seventy-seven cents), corresponding to the amount of 0.064 Euros per share, as approved by the Board of Directors on November 30, 2023, the remaining 60,047,213.58 Euros (sixty million, forty-seven thousand, two hundred and thirteen Euros and fifty-eight cents) will now be distributed, which is equivalent to the distribution of a gross dividend per share of 0.09 Euros;

• For distribution to the employees of REN and its subsidiaries: 4,200,000 Euros (four million, two hundred thousand Euros). Due to the accounting rules in force, this amount is already reflected in the net profit of the financial year ended on December 31, 2023 of REN, S.G.P.S., S.A. (334,000 Euros (three hundred and thirtyfour thousand Euros)) and its subsidiaries (3,866,000 Euros (three million, eight hundred and sixty-six thousand Euros)).
• Item 3 Approval of a vote of positive appraisal and praise to the Board of Directors, the Audit Committee and the Statutory Auditor for the performance of their duties during the 2023 financial year, in accordance with article 455(1) of the Portuguese Companies Code;
• Item 4 – Approval of granting of authorization to the Board of Directors for the acquisition and sale of treasury shares by REN and its, present and/or future, subsidiaries, according to the proposal presented by the Board of Directors;
• Item 5 Approval of granting of authorization to the Board of Directors for the acquisition and sale of own bonds or other securities or debt securities issued by REN and its, present and/or future, subsidiaries, according to the proposal presented by the Board of Directors;
• Item 6 - Amendment of the remuneration policy of the members of the management and supervisory bodies and of the General Shareholders Meeting Board, according to the proposal presented by the Remuneration Committee.
• Item 7 – Approval of an authorization for the Board of Directors to distribute accumulated reserves available for distribution to shareholders until the end of the 2024 financial year, provided that the conditions set out in the proposal presented by the Board of Directors are met.

• Item 8 – The approval of the election of the members of the governing bodies for the new term of office 2024-2026, as follows.

• 1. Board of Directors and Audit Committee:
  • Rodrigo Costa Chairman of the Board of Directors;
  • State Grid International Development Limited (represented by Guangchao Zhu) – Vice-Chairman of the Board of Directors;
  • João Faria Conceição;
  • Gonçalo Morais Soares;
  • Yang Qu;
  • Mingyi Tang;
  • Jorge Magalhães Correia;
  • Ana Pinho;
  • Gonçalo Gil Mata;
  • José Luís Arnaut;
  • Manuel Sebastião;
  • Maria Estela Barbot;
  • Rosa Freitas Soares– Chairman of the Audit Committee;
  • Ana da Cunha Barros– Member of the Audit Committee; and
  • Dulce Mota– Member of the Audit Committee.
• 2. General Shareholders Meeting Board:
  • Pedro Rebelo de Sousa Chairman of the General Shareholders Meeting Board; and
  • Rui Manuel Pereira Dias Vice-Chairman of the General Shareholders Meeting Board.
• 3. Remuneration Committee:
  • João Duque Chairman of the Remuneration Committee;
  • José Galamba de Oliveira Member of the Remuneration Committee; and
  • Fernando Neves de Almeida Member of the Remuneration Committee.

• Item 9 – The approval of the remuneration of the members of the Remuneration Committee.

REN also informs that, pursuant to the meeting of the Board of Directors held today after the General Shareholders Meeting, the following directors have been appointed to the Executive Committee of REN:

• Rodrigo Costa Chairman, Chief Executive Officer;
• João Faria Conceição Member, Chief Operational Officer; and
• Gonçalo Morais Soares Member, Chief Financial Officer and representative for the relationships with the market and with CMVM.

Lisbon, 9 May 2024

REN - Redes Energéticas Nacionais, SGPS, S.A.