For appropriate disclosure, transparency and impartiality, the company has approved, its Code of Ethics, to all EDPR company’s employees as well as any third party with whom EDPR is going to establish a commercial relationship.

The Board of Directors also approved the creation of an Ethics Committee, collegiate body whose main objective is to ensure the independent monitoring and application of the EDP Code of Ethics.

The members of the Ethics Committee have adequate qualifications and experience in the areas of ethics, compliance and human resources, which demonstrate their individual fit for the duties performed. In this sense, the Ethics Committee is composed by:The Chairman of the Appointments and Remunerations Committee, who shall chair the Committee;

• The Chairman of the Audit, Control, and Related Party Transactions Committee;
• The Compliance Officer;
• The Human Resources Director;
• The General Counsel & Compliance of EDPR North America LLC.;
• The Secretary of the Board of Directors, who shall also perform the duties of the Secretary of the Ethics Committee meetings.

These functions include the following:

• Proposing corporate ethics instruments, policies, goals and targets;
• Monitoring application of the Code of Ethics, laying down guidelines for its regulation and overseeing its proper application by the Company and its subsidiaries;
• Analyzing reported violations of the Code of Ethics, deciding on their relevance and admissibility;
• Deciding if there is any need for a more in-depth investigation to ascertain the implications and persons involved;
• Assume the position of Responsible of the Internal Information System, as a collegiate body, in charge of ensuring its proper management;
• Appoint the Compliance Officer as designated person for the management of the Internal Information System, for the purposes of notifications and dialogue with the public authorities competent in the matter.