5/26/2015 | Qualified participations

Qualifying holding and economic long position of JPMorgan Chase & Co.

In accordance with the articles 16 and 17 of the Portuguese Securities Code, and articles 2 and 2A of CMVM regulation 5/2008, Galp Energia hereby discloses the following information:

On May 22 2015, JPMorgan Chase & Co. notified Galp Energia that it decreased, on May 20 2015, its holding on Galp Energia’s share capital and corresponding voting rights to below the 2% threshold, through its subsidiary J.P. Morgan Securities plc.

As from that date, the total number of shares held indirectly by JPMorgan Chase & Co. amounts to 13,181,482 shares, corresponding to 1.590% of Galp Energia’s share capital and corresponding voting rights and a corresponding economic long position.
The decrease was the result of off-exchange sales of 4,500,000 shares by J.P. Morgan Securities plc.

Institution	Type of instrument	Number of shares	Delta-adjusted quantity	% of issued share capital	% of voting rights
J.P. Morgan Securuties plc	Ordinary Shares	5,011,670	5,011,670	0.604%	0.604%
	Equity swap	166,912	166,912	0.020%	0.020%
	Cash-settled call options	8,000,000	2,621,694	0.316%	0.316%
	Cash-settled put options	8,000,000	5,381,206	0.649%	0.649%
Total			13,181,482	1.590%	1.590%

Source: Galp Energia, SGPS, S.A.