By virtue of the right to buy on the participation that was in the power of EVE

Bilbao, 6 July 2016 - Ente Vasco de la Energía and EDP have completed the transaction of the 5% that EVE held of gas company Naturgas. This operation takes place by virtue of the sale agreement made in 2010, in which Hidroeléctrica del Cantábrico S.A. (now the property of EDP) purchased 29.43% of EVE’s pàrticipation in Naturgas, with a call option on the remaining 5%, now transferred at a price calculated according to a formula pre-established by both parties.

Under this premise, EVE sold its 5% participation in Naturgas to EDP through Hidroeléctrica del Cantábrico for 33.3 million euros, thus definitively completing the privatisation process of gas assets started in the year 2003.