In accordance with articles 16 and 17 of the Portuguese Securities Code, Galp Energia hereby discloses the following information:
On December 7, Black Creek Investment Management Inc. (Black Creek) notified Galp Energia that it increased, on December 4 2015, its indirect holding of Galp Energia’s share capital and corresponding voting rights from 16,132,540 to 16,966,453, above the 2% threshold.
Black Creek is an investment management company. The shares are beneficially owned by 13 separate funds which Black Creek advises regarding their investment portfolios. None of the funds by itself reaches or exceeds 2% threshold. These funds give a proxy to Black Creek who can exercise the voting rights for the shares in its own discretion.
Source: Galp Energia, SGPS, S.A.