Management Transaction
Pursuant to the terms and for the purposes of article 248-B of the Portuguese Securities code and article 14 of the Portuguese Securities Commission Regulation no. 5/2008, EDP - Energias de Portugal SA ("EDP") is providing the following information to the market:
Avistar, SGPS, SA ("Avistar"), a company wholly owned by Banco Espírito Santo, SA ("BES") made the following transactions:
| Financial Instrument | Purchase/ Sale | Date | Local | Average Price (€) | Quantity |
| Shares | Sale | 24-09-2013 | NYSE Euronext Lisbon | 2.7069 | 2,500,000 |
| Shares | Sale | 25-09-2013 | NYSE Euronext Lisbon | 2.7154 | 3,200,000 |
| Shares | Sale | 25-09-2013 | NYSE Euronext Lisbon | 2.72 | 2,200,000 |
| Shares | Sale | 26-09-2013 | NYSE Euronext Lisbon | 2.7185 | 3,084,541 |
| Shares | Sale | 27-09-2013 | NYSE Euronext Lisbon | 27170 | 2,365,459 |
Following these transactions, BES holds 73,515,620 shares of EDP, corresponding to 2.01% of the share capital and the voting rights.
The reporting of such transaction is made since a person discharging managerial responsibilities of BES is also a person discharging managerial responsibilities of EDP.
EDP – Energias de Portugal, S.A.