Qualifying holding of UBS Group AG

In accordance with the terms of articles 16 and 17 of the Portuguese Securities Code, Galp Energia hereby discloses the following information:

UBS Group AG notified Galp Energia that it increased, on 18 March 2015, its holding on Galp Energia's share capital and corresponding voting rights above the 2% threshold, through its subsidiaries. On 19 March it decreased its holding on Galp Energia's share capital and corresponding voting rights to below 2% threshold.

a) Qualifying holding of UBS Group AG

UBS Group AG notified Galp Energia that it increased, on 18 March 2015, its holding on Galp Energia's share capital and corresponding voting rights above the 2% threshold, through its subsidiaries.

As from that date, the total number of shares held by UBS Group AG amounts to 16,689,650 shares, corresponding to 2.01% of Galp Energia's share capital and corresponding voting rights.

b) Qualifying holding of UBS Group AG

UBS Group AG notified Galp Energia that it decreased, on 19 March 2015, its holding on Galp Energia's share capital and corresponding voting rights to below the 2% threshold, through its subsidiaries.

As from that date, the total number of shares held by UBS Group AG amounts to 15,085,869 shares, corresponding to 1.82% of Galp Energia's share capital and corresponding voting rights.

Source: Galp Energia, SGPS, S.A.