In accordance with the terms of article 248 of the Portuguese Securities Code, Galp Energia, SGPS, S.A. (“Galp Energia”) hereby discloses the following information:

The purchase price for the acquisition of Eni’s affiliates operating in the marketing of oil products in Portugal and Spain has been defined. The transaction includes Eni’s retail station network under the Agip brand in the two countries and the Wholesale business (excluding the lubricant business).

The aforementioned acquisition, along with the acquisition of ExxonMobil affiliates' fuels and certain lubricants businesses in Spain and Portugal announced on 18 April 2008, is part of Galp Energia’s strategy, aimed at increasing the size of Galp Energia's Iberian operations in its core downstream market. After the completion of these two transactions, Galp Energia will sell more 3 million tonnes up to 12.4 million tonnes in the Iberian Peninsula, 45% of which will be distributed in Spain.

The global value of these two transactions is 695 million euros¹ with a positive impact at EBITDA level of around 120 million euros, which includes unlocked synergies and economies of scale related mainly with logistic costs and products supply, to be obtain through the integration of the operations, with impact in earnings expect in 2010 onwards.

Galp Energia's overriding goals for marketing of petroleum products are to maximise returns on the retail network by raising efficiency and to increase the sales volume in line with planned refining capacity.

These transactions remain subject to approval of the relevant authorities.

¹ Enterprise Value (Equity + Net Debt)

Galp Energia, SGPS, S.A.