3/8/2018 | Qualified participations

Qualifying holding of Black Creek Investment Management Inc.

On 7 March 2018, Black Creek Investment Management Inc. (Black Creek) notified the Company that, on that day, it decreased its holdings in Galp’s share capital and voting rights from 2.02% to 1.99%, below the 2% threshold.

Black Creek is an investment management company. The shares are beneficially owned by 21 separate funds and clients, which Black Creek advises regarding their investment portfolios. Shares held directly are by funds for which Black Creek 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 Black Creek, who can exercise the voting rights for the shares in its own discretion.

Number of shares % of voting rights
Held directly Held indirectly Held directly Held indirectly
830,680 15,685,010 0.10% 1.89%
Total 16,515,690   1.99%

Source: Galp Energia, SGPS, S.A.