Madrid, May 2^nd 2023: Following: (i) the announcement on February 27, 2023 from EDP Renováveis, S.A. (“EDPR” or the “Company”) that the Board of Directors proposed to replace the ordinary dividend corresponding to the year 2022 with a flexible remuneration programme for shareholders (“Scrip Dividend Programme”), and (ii) the approval of such a proposal by the annual general shareholders meeting on April 4, 2023, the Board of Directors of EDPR has resolved today to approve a share capital increase through the incorporation of reserves of up to €67,435,100, for the purposes of executing the Scrip Dividend Programme.

The Board of Directors of EDPR has also, on this date, approved a document containing information on the Scrip Dividend Programme, notably on the number and nature of the shares and the reasons for and details of the attribution of incorporation rights, pursuant to the provision of article 1(5)(g) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (“Informative Document”). Shareholders are required to carefully read the Informative Document before making any decision regarding the options made available to them under the Scrip Dividend Programme.

As part of the Scrip Dividend Programme, shareholders will be able to freely choose between not selling all or part of their incorporation rights to EDPR or to third parties in the Euronext Lisbon stock exchange and receive shares, selling all or part of their incorporation rights to EDPR or selling all or part of their incorporation rights to third parties in Euronext Lisbon (or combine any of the aforementioned options at their own convenience).

Shareholders who have acquired their shares up to May 8, 2023, and who appear as shareholders in Interbolsa records at 23:59 hours GMT on May 10, 2023 (record date), will be entitled to participate in the Scrip Dividend Programme. The Company's shares are traded without right to take part in the Scrip Dividend Programme as from May 9, 2023.

In turn, trading of the incorporation rights under the Scrip Dividend Programme will run from May 11, 2023 to May 24, 2023, and shareholders of EDPR will be able to sell their incorporation rights to the Company from May 11, 2023 to May 22, 2023. Settlement of the incorporation rights sold to EDPR is expected to occur on May 26, 2023 and the issuance of tradable new shares of EDPR and their admission to trading on June 2, 2023.


EDP Renováveis, S.A.