In accordance with the terms of article 16 and 17 of the Portuguese Securities Code, Galp Energia, SGPS, S.A. (“Galp Energia”) hereby discloses the following information:
On October 20, 2008, Fidelity International Limited (“FIL”) notified Galp Energia that the mutual funds and other investment accounts managed by affiliates of FIL have reached a qualified shareholding below the 2% threshold.
The 2% threshold was crossed by means of sales of 1,215,930 shares on the Euronext Lisbon Stock Exchange.
Galp Energia’s voting rights figure is 829,250,635. As a consequence, as of 17 October 2008, the number of shares held or deemed to be held by FIL is 16,334,512 which represents approximately 1.97% of Galp Energia share capital and corresponding voting rights.
FIL also notified Galp Energia that these holdings are made for investment purposes and not with the intent to influence the control or direction of Galp Energia.
Source: Galp Energia SGPS, S.A.