In accordance with the terms of article 16 and 17 of the Portuguese Securities Code, Galp Energia, SGPS, S.A. (“Galp Energia”) hereby discloses the following information:

On June 09, 2008, Fidelity International Limited (“FIL”) notified Galp Energia that the mutual funds and other investment accounts managed by affiliates of FIL have crossed above the 2% threshold. The 2% threshold was crossed by means of buys of 760,400 shares on the Euronext Lisbon Stock Exchange. Galp Energia’s voting rights figure is 829,250,635. As a consequence, as of 06 June 2008, the number of shares held or deemed to be held by FIL is 16,628,682 which represents approximately 2.01% of Galp Energia share capital and corresponding voting rights.

FIL also notified Galp Energia that these holdings are made for investment purposes and not with the intent to influence the control or direction of Galp Energia.

Additionally, FIL also stated to which mutual funds and investment accounts are imputable the above mentioned voting rights.

Galp Energia, SGPS, S.A.