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

The Capital Group Companies, Inc. ("CGC") notified Galp Energia that it decreased, on 16 December 2014, its holding on Galp Energia's share capital and corresponding voting rights to below the 5% threshold. CGC is the parent company of Capital Research and Management Company ("CRMC").

As from that date, the total number of shares held indirectly by CGC amounts to 40,652,757 shares, corresponding to 4.9023% of Galp Energia's share capital and corresponding voting rights. The disclosed position is an aggregate of individual holdings held by the funds to which CRMC serves as proxy voting authority.

Capital Research and Management Company

("CRMC") (1)

40,652,757

4.9023%

4.9023%

 (1) Includes 20,430,000 shares held by EuroPacific Growth Fund ("EUPAC"). EUPAC has granted proxy voting authority to CRMC. The qualifying holding of EUPAC on Galp Energia's share capital had been announced on 9 July 2014.

Source: Galp Energia, SGPS, S.A.

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