SHAREHOLDERS	No. of Shares	% Capital	% Exercisable Votes
PARPÚBLICA - Participações Públicas, SGPS, S.A.	932,150,782	25.49%	24.77%	(1) (3)
IBERDROLA ENERGIA S.A.U.	248,437,516	6.79%	6.79%
LIBERBANK, S.A.	183,257,513	5.01%	5.01%
JOSÉ DE MELLO - Soc. Gestora de Participações Sociais, S.A.	176,322,036	4.82%	4.82%
SENFORA SARL	148,431,999	4.06%	4.06%
Grupo BCP + FUNDO DE PENSÕES DO GRUPO BCP	122,995,561	3.36%	3.36%
SONATRACH	81,713,076	2.23%	2.23%	(2)
BANCO ESPÍRITO SANTO, S.A.	80,110,820	2.19%	2.19%
Qatar Holding LLC	73.800.000	2.02%	2.02%
CAIXA GERAL DE DEPÓSITOS, S.A.	8,752,109	0.24%	0.23%	(1)
EDP (Treasury Stock)	32,359,146	0.88%	-
Remaining shareholders	1.568.207.157	42.89%
Total	3,656,537,715	100.00%

Note: 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 category A shares held by other entities attributable to it pursuant to paragraph 1 of Article 20 of the Portuguese Securities Code.

(1) According to paragraph 3 of article 14 of EDP's By-Laws, votes from a shareholder owning category A shares exercise 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.

(2) In compliance with the understanding imparted by the CMVM to Sonatrach in relation to the effects of a shareholder agreement entered into with the shareholders Parpública – Participações Públicas, (SGPS) S.A. and Caixa Geral de Depósitos S.A., the voting rights corresponding to the stock held by these two shareholders have been assigned to Sonatrach since 11 April 2007, pursuant to Article 20 nº1 of the Portuguese Securities Code.

(3) On December 30, 2011, China Three Gorges Corporation (“CTG”) notified EDP that it has entered into a Strategic Direct Sale Agreement with Parpública – Participações Públicas (SGPS), S.A. for the acquisition of 780,633,782 ordinary shares of EDP, which correspond to 21.35% of EDP’s share capital and 21.35% of the respective voting rights. Although the acquisition of the above mentioned stake has not been concluded, Portuguese law deems relevant, for certain purposes, the attribution of voting rights as a result of the execution of a purchase agreement over listed companies’ shares. Accordingly, as of the date hereof and until completion of the acquisition process, although the attribution of voting rights to CTG inherent to the 780,633,782 shares, representing 21.35% of the share capital of EDP, such condition does not involve the actual exercise of those rights nor the ownership of any stake in the share capital of EDP by CTG.

SHAREHOLDERS	No. of Shares	% Capital	% Exercisable Votes
PARPÚBLICA - Participações Públicas, SGPS, S.A.
Privatized shares - Category A	211,836,047	5.79%	5.63%
Non privatized shares - Category B	720,314,735	19.70%	19.14%
Total	932,150,782	25.49%	24.77%

 

SHAREHOLDERS	No. of Shares	% Capital	% Exercisable Votes
GRUPO CAIXA GERAL DE DEPÓSITOS
Caixa Geral de Depósitos	4,908,202	0.13%	0.13%
Companhia de Seguros Fidelidade Mundial, S.A.	1,323,937	0.04%	0.04%
Império Bonança - Companhia de Seguros, S.A.	43,176	0.00%	0.00%
Pension Funds of CGD	1,515,561	0.04%	0.04%
Parcaixa,SGPS, S.A.	961,233	0.03%	0.03%
Total	8,752,109	0.24%	0.23%

CGD holds 100% of share capital and voting rights of Caixa Seguros, SGPS, S.A. which, in turn, holds: i) 100% of the share capital and voting rights of Companhia de Seguros Fidelidade-Mundial, S.A. ; ii) 100% of the share capital and voting rights of Império Bonança - Companhia de Seguros, S.A. CGD Pension Fund is managed by CGD Pensões – Sociedade Gestora de Fundos de Pensões, S.A., and of which CGD is an associated company;  CGD holds 51% of the share capital and voting rights of Parcaixa, SGPS, S.A.

SHAREHOLDERS	No. of Shares	% Capital	% Exercisable Votes
Iberdrola Energia S.A.U.
Iberdrola Energia S.A.U. (Iberener)	248,437,516	6.79%	6.79%
Total	248,437,516	6.79%	6.79%

The company Iberdrola Energia S.A.U. (Iberener) is fully owned by Iberdrola S.A.
 

SHAREHOLDERS	No. of Shares	% Capital	% Exercisable Votes
LIBERBANK, S.A.
Cantabrica de Inversiones de Cartera, S.L.	128,409,447	3.51%	3.51%
Caja de Ahorros de Asturias (CajAstur)	54,848,066	1.50%	1.50%
Total	183,257,513	5.01%	5.01%

The company Cantabrica de Inversiones de Cartera, S.L. is fully owned by Liberbank, S.A.
 

SHAREHOLDERS	No. of Shares	% Capital	% Exercisable Votes
JOSÉ DE MELLO - Soc. Gestora de Participações Sociais, S.A.
José de Mello Energia, S.A.	176,283,526	4.82%	4.82%
Company officers	38,510	0.00%	0.00%
Total	176,322,036	4.82%	4.82%

The company José de Mello Energia, S.A. is fully owned by José de Mello Participações II, SGPS, S.A., the entire share capital of which is held by José de Mello - Sociedade Gestora de Participações Sociais, S.A.
 

SHAREHOLDERS	No. of Shares	% Capital	% Exercisable Votes
Grupo BCP +  Fundo de Pensões do Grupo BCP
Banco Comercial Português, S.A.	327,587	0.01%	0.01%
Pensin Funds of  Group Millennium BCP	122,289,594	3.34%	3.34%
Foundation Millennium BCP	350,000	0.01%	0.01%
Company Officers	28,380	0.00%	0.00%
Total	122,995,561	3.36%	3.36%

Millennium BCP Pension Fund  exercises independently its own voting rights. 
 

SHAREHOLDERS	No. of Shares	% Capital	% Exercisable Votes
BANCO ESPÍRITO SANTO, S.A.
Company's in a group relationship with BES or exercising control over the company	52,102,000	1.42%	1.42%
Banco Espírito Santo, S.A.	28,000,000	0.77%	0.77%
Company Officers	5,820	0.00%	0.00%
Total	80,110,820	2.19%	2.19%

 

SHAREHOLDERS	No. of Shares	% Capital	% Exercisable Votes
International Petroleum Investment Company (IPIC)
Sefora SARL	148,431,999	4.06%	4.06%
Total	148,431,999	4.06%	4.06%

The company Senfora SARL a Luxembourg company that is wholly and directly owned by IPIC, which is a company wholly owned by the government of Abu Dhabi.