Payment of dividends – Financial year 2006
The dividends will be available for payment starting on May 4th, 2007, in accordance with the following terms per share:
| Gross dividend per share | € 0.1100 |
| Taxable income (*) | € 0.0550 |
| Income taxes | 20% |
| Total of tax chargeable | € 0.0110 |
| Net dividend per share | € 0.0990 |
(*) According to the provisions of article 59 of the Estatuto dos Benefícios
Fiscais ("Tax Expenditure Statute") dividends now paid are taxable only in 50%.
The payment of dividends will be made by deposit on the financial institution's account in which the respective shares are registered, being Banco Português de Investimento, S.A the paying agent.
For the purpose of benefiting of tax exemption or non-applicability of tax withholding obligations regarding income taxation, shareholders entitled to such benefits should evidence them or
discharge of obligation to the financial institution in which the respective shares are registered.
Shareholders resident in Portugal and taxable for IRS are subject to a final tax rate of 20%, unless an option for aggregation is made.
Starting on April 30th, 2007 (inclusive), EDP shares shall be traded on the Euronext Lisbon stock exchange without the right to payment of dividends (ex-dividend right).
EDP - Energias de Portugal, S.A.