690930de-f227-4bdf-a9fb-709f6266b94f.pdf



Brussels, 7th March 2016


PRESS RELEASE OF THE SAPEC GROUP


Recently, Naturener Rim Rock Energy (NRRE), controlled by Morgan Stanley (MS), and San Diego Gas

& Electric (SDGE), have agreed to settle their pending litigation concerning the Montana wind park Rim Rock (RR). The settlement has been submitted for approval to SDGE's regulator, the California Public Utility Commission (CPUC) (decision expected during summer 2016), and is available for consultation through the following link:


http://docs.cpuc.ca.gov/PublishedDocs/Efile/G000/M158/K621/158621184.PDF


Group Naturener (GN) is a minority shareholder in Naturener USA (NUSA) (the mother company of NRRE) since October 2014 when MS converted its construction loan debt in Equity. GN supported this settlement (subject to CPUC final approval) because (1) it resolves definitely very contentious, expensive and lengthy litigation and (2) it will allow MS to optimize NUSA's wind assets in Montana for further developments.

Sapec is a minority shareholder in ELI, itself the controlling shareholder (99%) in Tharsis, holder of a 70% economic interest in GN.


For any further information, please contact:


Mr. António Marques Tel: + 351 213 222 777

Email: investorsrelations@sapec.pt

Sapec SA issued this content on 07 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 March 2016 08:19:10 UTC

Original Document: http://www.sapec.be/images/2016/PRESS RELEASE OF THE SAPEC GROUP 07-03-2016.pdf