Notice

shareholders meeting extraordinary

June 21, 2011

Shareholders Meeting

This Extraordinary General Meeting took place on June 21, 2011, in

Oviedo.

Official Notifications

Agenda

First.– To increase the number of the members of the Board ofDirectors in one (1) member, so that the Board of Directors will haveseventeen (17) members.

Second.– Board of Directors: re-elections and nominations of Directors:

Second A: Re-elect Mr. João Manuel de Mello Franco as Director for the term of three (3) years as set in the Bylaws.

Second B: Re-elect Mr. Jorge Manuel Azevedo Henriques dos Santos as Director for the term of three (3) years as set in the Bylaws.

Second C: Re-elect Mr. José Fernando Maia de Araujo e Silva as Director for the term of three (3) years as set in the Bylaws.

Second D: Re-elect Mr. Rafael Caldeira de Castel-Branco Valverde as Director for the term of three (3) years as set in the Bylaws.

Second E: Re-elect Mr. João José Belard da Fonseca Lopes Raimundo as Director for the term of three (3) years as set in the Bylaws.

Second F: Re-elect Mr. Antonio do Pranto Nogueira Leite as Director for the term of three (3) years as set in the Bylaws.

Second G: Re-elect Mr. Francisco José Queiroz de Barros de Laçerda as Director for the term of three (3) years as set in the Bylaws.

Second H: Re-elect Mr. Manuel Menéndez Menéndez as Director for the term of three (3) years as set in the Bylaws.

Second I: Appoint Mr. João Paulo Nogueira da Sousa Costeira as Director for the term of three (3) years as set in the Bylaws.

Second J: Appoint Mr. Gabriel Alonso Imaz as Director for the term of three (3) years as set in the Bylaws.

Second K: Appoint Mr. Luis de Abreu Castello-Branco Adao da Fonseca as Director for the term of three (3) years as set in the Bylaws.

Third.- Board of Directors: re-election of Directors in order to start all the terms on the same date as the rest of the members of theBoard of Directors:

Third A: Re-elect Mr. Antonio Luis Guerra Nunes Mexía as Director for the term of three (3) years as set in the Bylaws.

Third B: Re-elect Mrs. Ana Mª Machado Fernandes as Director for the term of three (3) years as set in the Bylaws.

Third C: Re-elect Mr. Joao Manuel Manso Neto as Director for the term of three (3) years as set in the Bylaws.

Third D: Re-elect Mr. Nuno María Pestana de Almeida Alves as Director for the term of three (3) years as set in the Bylaws.

Third E: Re-elect Mr. Rui Manuel Rodrigues Lopes Teixeira as Director for the term of three (3) years as set in the Bylaws.

Third F: Re-elect Mr. Gilles August as Director for the term of three (3) years as set in the Bylaws.

Forth.- Amendments to the Bylaws:

Forth A: Amendment of Article 12.4 of the Bylaws to adapt theformalities of the General Shareholders’ Meeting Summon to therequirements of the Companies Act (Ley de Sociedades de Capital).

Forth B: Amendment of Article 12.6 of the Bylaws to allow theGeneral Shareholders’ Meeting being held in any city of Spain accordingto the faculty included in the Companies Act (Ley de Sociedades deCapital).

Forth C: Amendment of Article 26 of the Bylaws to add a newparagraph, 26.4, and the enumeration of the other paragraphs of thisarticle, with the purpose of limiting any kind of remuneration receivedby the members of the Board of Directors, besides the one described onparagraphs 1 and 2 of the said Article, to a maximum annual amount to beestablished by the General Shareholders’ Meeting.

Forth D: Amendment of Article 27.3 of the Bylaws with to increasethe number of members of the Executive Committee to a minimum of six (6)and maximum of nine (9).

Fifth.- To establish a maximum limit to the Directors remunerationaccording to Article 26.4 of the Bylaws.

Sixth.- Delegation of powers to the formalization and implementationof all resolutions adopted at the General Shareholders’ Meeting, for thepurpose of celebrating the respective public deed and to permit itsinterpretation, correction, addition or development in order to obtainthe appropriate registrations.

Number of shares and Voting rights

At the Summon of the Extraordinary General Shareholders’ Meeting thetotal number of shares and voting rights of EDP Renováveis, S.A. is872,308,162.