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Reuters: GALP.LS Bloomberg: GALP PL

Lisbon, 12 September 2008

Galp Energia completes acquisition of Royal Dutch Shell Fuels Businesses in Mozambique

In accordance with the terms of article 248 of the Portuguese Securities Code, Galp Energia, SGPS, S.A. (“Galp Energia”) hereby discloses the following information:

Galp Energia completed today the acquisition of Royal Dutch Shell fuel businesses in Mozambique, announced on May 6, 2008 which represents a petroleum product sales volume of around 20 thousand m3 per year and includes 7 service stations. After this acquisition Galp Energia’s sales volume in the country is around 90 thousand m3, corresponding to a market share of 14%.

This acquisition fits Galp Energia’s strategy of increasing presence in Africa capitalizing on the good African relations Galp Energia maintains in exploration and production activities and opening the door to future partnerships in biofuels.

Together with the ongoing acquisitions of Royal Dutch Shell fuel businesses in Swaziland and Gambia, this acquisition will allow a 45% increase on the volumes sold in African downstream, raising geographical diversification in that continent, with market shares between 15% and 40%, and to develop its businesses on the Mozambique – Swaziland and Cap-Verde - Guinea-Bissau - Gambia axis. Galp Energia’s regional focus in Africa also includes a third area being developed through Angola. On completion, as this is sale of shares, all contractual and commercial terms of the companies, as well as existing employment contracts, will remain valid and the business will continue under new ownership.

Galp Energia currently markets oil products in Africa, namely in Angola, Cape Verde, Guinea-Bissau and Mozambique. In 2007 international sales grew 38%, with a total of 369 thousand m3 being sold across retail, wholesale, LPG and lubricants. The contribution to profit kept the favourable trend of recent years.

Galp Energia, SGPS, S.A.

Investor Relations Contacts: Tiago Villas-Boas, Head of IR Tel: +351 21 724 08 66 Website: www.galpenergia.com Inês Santos Fax: +351 21 724 29 65 Email: [email protected] Maria Borrega Address: Rua Tomás da Fonseca, Torre C, 1600-209 Samuel Dias Lisboa, Portugal Tiago Lage

Galp Energia, SGPS, S.A. + Public Company + Head Offices: Rua Tomás da Fonseca Torre C, 1600-209 Lisbon Share Capital: 829,250,635 Euros + Registered at the Commercial Registry Office of Lisbon + Company tax number 504 499 777