In accordance with articles 16 and 17 of the Portuguese Securities Code, Galp hereby discloses the following information:
On 10 June 2020, Black Creek Investment Management Inc. (Black Creek) notified the Company that, on 09 June 2020, it decreased its holdings in Galp’s voting rights from 2.003% to 1.997%, below the 2.0% threshold.
Black Creek is an investment management company. The shares are beneficially owned by 22 separate funds and clients which Black Creek advises regarding their investment portfolios. None of the funds or clients by itself reaches or exceeds the 2% threshold. The funds and clients give a proxy to Black Creek who can exercise the voting rights for the shares in its own discretion.
Black Creek Investment Management Inc.