Allocation of voting rights in accordance with article 20 of the Portuguese Securities Code
China Three Gorges (Europe), S.A. is fully owned by China Three Gorges (Hong Kong) Co. Ltd , which is fully owned by CWE Investment Co. Ltd. China Three Gorges Corporation directly holds 100% equity of CWE Investment Co. Ltd. China Three Gorges Corporation is in turn fully owned by People Republic of China.
Orise, S.a.r.l. is fully owned by Kindbright Holdings Corp. Limited, which in turn is fully owned by CNIC Co., Ltd. (formerly designated Guoxin International Investment Co., Ltd), which in turn is fully owned by People's Republic of China.
* According to paragraph 1(b) of article 20 of the Portuguese Securities Code, which dictates the above-mentioned shares' aggregation, a total of 24.37% of voting rights are attributable to People's Republic of China.
*Regarding the chain of entities, Capital Group only details a shareholding (owned by itself) that exceeds the 2% threshold, in accordance with number 1 of article 20 of the Portuguese Securities Code.
Capital Research and Management Company ("CRMC") is fully owned by Capital Group Companies, Inc. CRMC is an investment consultancy vehicle which manages mutual funds registered in the United States. CRMC manages capital assets for several investment companies through three divisions, Capital Research Global Investors, Capital International Investors and World Investors. CRMC fully owns Capital Group International, Inc. ("CGII"), which in turn controls investment management companies ("fund management companies CGII"): Capital Guardian Trust Company, Capital International, Inc., Capital International Limited, Capital International Sàrl and Capital International K.K. The fund management companies CGII operate primarily as investment managers for institutional clients. The reported shareholdings are held by mutual investment funds under discretionary investment management.
According to paragraph 1(b) of article 20 of the Portuguese Securities Code, the voting rights inherent to the share capital held by Oppidum Capital, SL and Flicka Forestal, SL are imputable to Fernando Masaveu Herrero. Oppidum Capital, SL is 55.9% owned by Masaveu Internacional, S.L. and 44.1% owned by Liberbank, S.A. In turn, Masaveu Internacional, SL is 100% held by Corporación Masaveu, SA. Corporación Masaveu, SA is 41.38% held by Fundación María Cristina Masaveu Peterson, 10.73% by Flicka Forestal, SL and 0.03% by Fernando Masaveu Herrero. Fernando Masaveu Herrero controls Fundación María Cristina Masaveu Peterson, as well as Flicka Forestal, SL. Flicka Forestal, SL holds 2,000,000 shares of EDP’s share capital, which correspond to 0.05% of the voting rights. Additionally, Fernando Masaveu Herrero’s spouse holds 2,020 shares of EDP’s share capital, which correspond to 0.000055% of the voting rights. In this sense, in total, 7.24% of the voting rights of EDP, corresponding to 265,048,636 shares of EDP’s share capital, should be imputable to Fernando Masaveu Herrero.
The company Senfora SARL a Luxembourg company that is wholly and directly owned by Mubadala Investment Company, which is a company wholly owned by the government of Abu Dhabi.
Millennium BCP Pension Fund exercises independently its own voting rights.
It is the largest oil and gas extraction company in Africa. 100% owned by the Algerian government.
The company Qatar Holding LLC is wholly owned by Qatar Investment Authority.
For purposes of determining the percentage of 25% of the votes that may be issued by a shareholder, are considered the voting rights attached to shares held by other entities attributable to it pursuant to paragraph 1 of Article 20 of the Portuguese Securities Code.
According to paragraph 3 of article 14 of EDP's By-Laws, votes from a shareholder on its own account or on behalf of another shareholder, shall not be cast in the event that they exceed 25% of the total votes corresponding the total share capital.