Principales plagas del almendro 1 Pulgones

1. Overview of the EDP Group

EDP – Energias de Portugal, S.A. (“EDP”) is a utility company established in Portugal and listed on Euronext Lisbon. The main features of EDP are the following:

 A vertically integrated utility and the largest generator, distributor and supplier of electricity in Portugal;

 One of the largest utility operators in the Iberian Peninsula by installed capacity and electricity generation, a market with demand growing above the EU average;

 An important position in the renewable energy generation market in the Iberian Peninsula, France, Belgium, Poland, Romania and the United States of America through its listed subsidiary EDP Renováveis, S.A., one of the largest generator of wind energy worldwide;

 A stable and predictable cash flow generative asset base:

- 91 % EBITDA from regulated assets and long term contracted generation;

- Electricity in Portugal sold with the benefit of a stranded costs compensation mechanism (CMEC mechanism).

 A sound financial performance and prudent financial policy targeting a single A rating;  Current ratings of BB+ by S&P / Ba1 by Moody’s / BBB- by Fitch;

 A supportive and stable shareholder base (see below);

 Total assets of EUR 42,628 million, net debt of EUR 18,233 million, EBITDA of EUR 3,628 million and net income of EUR 1,012 million, as of 31 December 2012;

 As at 31 December 2012, EDP’s market cap amounted to EUR 8,373 million.

Following the privatisation of EDP’s share capital, which has already involved eight phases, the first in 1997 and the most recent in December 2011, the main shareholders of EDP are, as of 30 April 2013:

Number of shares

Percentage of share capital

Percentage of voting rights

China Three Gorges 780.633.782 21,35% 21,35%

Iberdrola Energia S.A.U. 248.437.516 6,79% 6,79%

Oppidum 226.046.616 6,18% 6,18%

José de Mello - SGPS, S.A. 168.077.151 4,60% 4,60%

Senfora SARL 148.431.999 4,06% 4,06%

Grupo BCP + Fundo de Pensões do Grupo BCP 122.667.974 3,35% 3,35%

Sonatrach 87.007.443 2,38% 2,38%

BANCO ESPÍRITO SANTO, S.A. 86.865.254 2,38% 2,38%

Qatar Holding LLC 82.868.933 2,27% 2,27%

Capital Income Builder 75.401.327 2,06% 2,06%

Massachusetts Financial Services Company 73.696.918 2,02% 2,02% Capital Reseach and Management Company 73.625.043 2,01% 2,01%

Under EDP’s articles of association, no shareholder, may exercise voting rights that represent more than 25% of the voting share capital.

Historically, electricity has been EDP’s core business in Portugal. For geographical and regulatory reasons, the regional electricity market of the Iberian Peninsula is EDP’s natural market and EDP has elected it as its core market for its main energy business. In Portugal, EDP’s four main subsidiaries are:  EDP – Gestão da Produção de Energia, S.A., the electricity generation company;

 EDP Distribuição – Energia, S.A., the electricity distribution company;  EDP SU, the last recourse supplier of electricity to regulated consumers; and  EDP Comercial, S.A., the electricity supplier to clients in the liberalised market. In Spain, EDP’s main subsidiaries are:

 HC Energias, S.A. (“Hidrocantábrico”, which is 96.86% owned by EDP), the company that operates conventional electricity generation plants and distributes and supplies electricity and gas, mainly in the Asturias and Basque regions of Spain; and

 EDP Renováveis, S.A. (62.5% owned by EDP and 15% owned by Hidrocantábrico), the company that operates the renewable energy generation business. It is listed on Euronext Lisbon and holds 100.00% of the share capital of:

- NEO – Novas Energias, S.A., the holding company located in Spain with controlling interests in companies that develop and operate wind farms in Portugal, Spain, France, Poland, Romania and Belgium; and

- Horizon Wind Energy LLC, a company acquired on 2 July 2007, which conducts the developments and operation of wind farms in the United States of America.

EDP also holds significant interests in the gas market both in Portugal, through Portgás – Sociedade de Produção e Distribuição de Gás, S.A. and Setgás – Sociedade de Produção e Distribuição de Gás, S.A., and in Spain, through Naturgas Energia.

EDP is also present in Brazil through EDP – Energias do Brasil, S.A., an entity which is focused on the electricity generation and distribution businesses.

2. EDP SU (the Assignor)

The main activity of EDP SU consists of the trading (purchase and sale) of energy, namely electricity, and the supply of related and complementary services. As Last Recourse Supplier, EDP SU is responsible, among other, for the purchase of the electricity produced by special regime generators that benefit from special tariffs or from a guaranteed remuneration, as applicable, and the supply of electricity to eligible end-user consumers that request to be supplied according to regulated end-user transitory tariffs set by ERSE.

The company has been incorporated in December 2006 with the purpose of implementing the Electricity Directives (written into national legislation by Decree-law 29/2006 and Decree-law 172/2006) in relation to the creation of a “Last Recourse Supplier” and to implement the principle of legal independence between the companies operating the electricity distribution grid and the companies exercising other activities related to the electric energy, including trading.

Portugal Spain

Iberia EDP Renováveis EDP Brasil

Electricity generation

EDP Produção Elerebro EDP Renewables _Portugal EDP Renewables _España Energest Porto do Pecém

EDP Produção

Bioeléctrica HC Cogeneración

EDP Renewables France

EDP Renewables

Belgium Rede Lajeado Ipueiras Energia SA

Bioastur EDP Renewables

Polska

EDP Renewables

Romania Enerpeixe

EDP Renewables

North America EDP Renováveis Brasil

EDP Renewables Canada

Electricity and gas distribution

EDP Distribuição HC Distribución Bandeirante Escelsa

EDP Gás Distribuição

Naturgas Distribución

Electricity and gas supply and trading

EDP Serviço

Universal HC Energía Enertrade

EDP Comercial CIDE HC Energia

EDP Gás Serviço

Universal NE Comercializ.

The share capital of EDP SU is exclusively held by EDP Distribuição as provided for in the law, pursuant to the demerger of EDP Distribuição’s assets.

With effects as of January 1, 2007, EDP SU has been awarded a last recourse supplier license which sets the rights, obligations and other terms and conditions applicable to its activity.