In accordance with articles 16 and 17 of the Portuguese Securities Code, Galp hereby discloses the following information:
On 14 August 2017, Black Creek Investment Management Inc. (Black Creek) notified Galp that, on 11 August, it decreased its holding in Galp’s share capital and voting rights from 2.00% to 1.99%.
Black Creek is an investment management company. The shares are beneficially owned by 20 separate funds and clients which the notifier advises regarding their investment portfolios. Shares held directly are by funds for which the notifier also acts as investment fund manager. None of the funds or clients by itself reaches or exceeds the 2% threshold. The funds and clients give a proxy to the notifier who can exercise the voting rights for the shares in its own discretion.