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:

Following Galp Energia’s Annual General Shareholder Meeting convened yesterday at the company head offices, new governing bodies were designated for the 2008-2010 period as follows:

Shareholder Meeting Board
President                  Daniel Proença de Carvalho
Vice-President         Victor Manuel Pereira Dias
Secretary                 Pedro António do Vadre Castelino Alvim


Board of Directors
President                 Francisco Luís Murteira Nabo
Vice-President        Manuel Ferreira De Oliveira
Members                  Manuel Domingues Vicente
                                 Fernando Manuel dos Santos Gomes
                                José António Marques Gonçalves
                                André Freire de Almeida Palmeiro Ribeiro
                                Carlos Nuno Gomes da Silva
                                Rui Paulo da Costa Cunha e Silva Gonçalves
                                João Pedro Leitão Pinheiro de Figueiredo Brito
                                Alberto Chiarini
                                Claudio De Marco
                                Paolo Grossi
                                Camillo Gloria
                                Fabrizio Dassogno
                                Giuseppe Ricci
                                Luigi Piro
                                Joaquim José Borges Gouveia

Supervisory Board
President               Daniel Bessa Fernandes Coelho
Members               José Gomes Honorato Ferreira
                              José Maria Rêgo Ribeiro da Cunha
Deputy                   Amável Alberto Freixo Calhau

Remuneration Committee
President              Caixa Geral de Depósitos, S.A.
Members               Eni S.p.A.
                              Amorim Energia, B.V.

Statutory Auditor
President              Pedro João Reis de Matos Silva
Deputy                  António Campos Pires Caiado

After the Annual General Shareholder Meeting, the new Board of Directors of Galp Energia designated the Executive Committee for the 2008-2010 period and corresponding responsibilities according with the following table:

Executive Committee
Manuel Ferreira De Oliveira                           Chief Executive Officer
Claudio De Marco                                          Chief Financial Officer
Fernando Manuel dos Santos Gomes           Exploration & Production
André Freire de Almeida Palmeiro Ribeiro     Refining, Supply and Trading
Carlos Nuno Gomes da Silva                         Marketing of Oil products
Fabrizio Dassogno                                         Gas & Power


Galp Energia, SGPS, S.A.