Announcements

Trading update 3Q 2011 - This trading update is aimed at providing estimates regarding macroeconomic, operational and trading conditions experienced by Galp Energia in the third quarter ending September 30 2011. The third quarter margins, prices, production and other data referred to below are currently provisional. All such data is subject to change and may differ from the final numbers that will be reported on October 28 2011.
Lula-Mexilhão pipeline starts operations in Santos basin - Galp Energia, partner of the consortium for BM-S-11, with Petrobras and BG Group, started last Friday, September 16th 2011, operations of the Lula-Mexilhão gas pipeline, which connects the Lula field to the Mexilhão platform, located in Santos basin shallow waters, being strategic for the development of the pre-salt oil production of that basin.
Notes Issue of €185,000,000 - Pursuant to article 249 (2) (d) of the Securities Code (Código dos Valores Mobiliários), Galp Energia, SGPS, S.A. (“Galp Energia”) hereby discloses that on the date hereof it has completed the issue of Notes, through a private offering, in the amount of €185,000,000.
Resolutions of the general shareholders meeting - Galp Energia, SGPS, S.A. (“Galp Energia”) informs that the general shareholders meeting, convened today, approved the amendment of the articles of association of the Company.
Galp Energia’s 2nd quarter 2011 results and strategy execution update - In the first half of 2011, Galp Energia’s replacement cost adjusted net profit fell 36% year on year (yoy) to €111 million due to the worse performance of the Refining & Marketing business segment. Net profit of €70 million in the second quarter 2011 reflected the same downward trend when compared to a year earlier.
Trading Update 2Q 2011 - This trading update is aimed at providing estimates regarding macroeconomic, operational and trading conditions experienced by Galp Energia in the second quarter ending June 30 2011. The second quarter margins, prices, production and other data referred to below are currently provisional. All such data is subject to change and may differ from the final numbers that will be reported on July 29 2011.
First well in Lula field confirms high production potential - The P1 well, the first commercial production well at the pre-salt Santos Basin, in Lula field, has reached in May an average production of 28,436 barrels of oil per day (bpd), confirming the high potential of the Brazilian pre-salt reservoirs.
Dividends payment - Galp Energia, SGPS, S.A. general meeting held on May 30, 2011, approved the 2010 dividend of €0.20 per share, having already been paid, in September 23, 2010, the first dividend of €0.06 per share.
Resolutions of the annual general shareholders meeting - Galp Energia, SGPS, S.A.’s (“Galp Energia”) annual general meeting convened today approved the items proposed on the agenda as follows:
Trading update 1Q 2011 - This trading update is aimed at providing estimates regarding macroeconomic, operational and trading conditions experienced by Galp Energia in the first quarter ending March 31 2011.
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