Announcements

Galp Energia’s 2nd quarter 2011 results and strategy execution update - In the first half of 2011, Galp Energia’s replacement cost adjusted net profit fell 36% year on year (yoy) to €111 million due to the worse performance of the Refining & Marketing business segment. Net profit of €70 million in the second quarter 2011 reflected the same downward trend when compared to a year earlier.
Trading Update 2Q 2011 - This trading update is aimed at providing estimates regarding macroeconomic, operational and trading conditions experienced by Galp Energia in the second quarter ending June 30 2011. The second quarter margins, prices, production and other data referred to below are currently provisional. All such data is subject to change and may differ from the final numbers that will be reported on July 29 2011.
First well in Lula field confirms high production potential - The P1 well, the first commercial production well at the pre-salt Santos Basin, in Lula field, has reached in May an average production of 28,436 barrels of oil per day (bpd), confirming the high potential of the Brazilian pre-salt reservoirs.
Dividends payment - Galp Energia, SGPS, S.A. general meeting held on May 30, 2011, approved the 2010 dividend of €0.20 per share, having already been paid, in September 23, 2010, the first dividend of €0.06 per share.
Resolutions of the annual general shareholders meeting - Galp Energia, SGPS, S.A.’s (“Galp Energia”) annual general meeting convened today approved the items proposed on the agenda as follows:
Trading update 1Q 2011 - This trading update is aimed at providing estimates regarding macroeconomic, operational and trading conditions experienced by Galp Energia in the first quarter ending March 31 2011.
Annual general meeting - Galp Energia, SGPS, S.A. (“Galp Energia”) hereby discloses the following information:
Resolutions of the extraordinary general shareholders meeting - Galp Energia, SGPS, S.A. informs about the resolutions of the annual general meeting convened.
Capital Markets Day 2011 - Galp Energia presents today, at its Capital Markets Day 2011 in Rio de Janeiro, Brazil, the Company’s strategy and the key information related to its business plan for the period 2011-2015.
Extension well confirms good oil quality in Iara, in the Santos basin - Galp Energia, partner of the consortium for BM-S-11 in ultra-deep water of Santos Basin informs that the drilling of an extension well in the Iara’s Evaluation Plan, in the pre-salt Santos basin, was concluded.
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