4/28/2020 | Qualified participations

Qualifying holding of Black Creek Investment Management Inc.

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

On 27 April 2020, Black Creek Investment Management Inc. (Black Creek) notified the Company that, on 22 April 2020, it increased its holdings in Galp’s voting rights from 1.99% to 2.003%, above the 2.0% threshold.

Black Creek is an investment management company. The shares are beneficially owned by 22 separate funds and clients which Black Creek advises regarding their investment portfolios. None of the funds or clients by itself reaches or exceeds the 2% threshold. The funds and clients give a proxy to Black Creek who can exercise the voting rights for the shares in its own discretion.


	Number of voting rights attached to shares		% of voting rights attached to shares
	Held directly	Held indirectly	Held directly	Held indirectly
Black Creek Investment Management Inc.	1,284,837	15,321,666	0.155%	1.848%
Total	16,606,503		2.003%