REN-Redes Energeticas Nacionais

M&A Activity • Sep 21, 2017

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

Unofficial Translation

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

COMMUNICATION

Pursuant to and for the purposes of article 17 of Regulation (EU) No 596/2014, of the European Parliament and of the Council, of 16 April 2014, of article 248 of the Portuguese Securities Code and other applicable regulation, REN – Redes Energéticas Nacionais, S.G.P.S., S.A. ("REN") hereby informs the market and the general public, on the present date, and following the communication dated as of 7 April 2017, of the satisfaction of the conditions precedent (including the necessary regulatory approvals) for the purpose of the acquisition by REN's subsidiary, REN Gás, S.A., of the entire share capital of EDP Gás, S.G.P.S., S.A. ("EDP Gás") and its subsidiaries, EDP Gás Distribuição, S.A. and EDP Gás GPL – Comércio de Gás Petróleo Liquefeito, S.A., to EDP Iberia, S.L.U..

Under the terms agreed by the parties, it is expected that the abovementioned transaction will be completed within approximately 15 days.

Lisboa, 21 September 2017

REN – REDES ENERGÉTICAS NACIONAIS, S.G.P.S., S.A.