Announcement | EDP Renováveis

Madrid, February 29th 2012: EDP Renováveis, S.A. ("EDPR") informs that, at the Board of Directors' Meeting held on the February 28 th, 2012, the board members have approved the following resolutions:

1. Appointment of CEO and Vice-President of the Board of Directors

Mr. João Manuel Manso Neto was elected to the position of CEO and Vice-President of EDPR Board of Directors following a proposal from the Appointment and Remuneration Committee. The election pursues Mrs. Ana Maria Fernandes' resignation to such positions given her new responsibilities within EDP - Energias de Portugal, S.A. ("EDP").

Mr. João Manuel Manso Neto is member of EDPR Board of Directors and Executive Committee since 2008, having been re-elected in June, 2011 for the 2011-2014 period.

2. Appointment of new member to the Related Party Transactions Committee

Pursuing to Mr. João Manuel Manso Neto election as CEO and Vice-President of EDPR Board of Directors, and in order to maintain the best corporate governance practices, the Appointment and Remuneration Committee proposed the resignation of Mr. João Manuel Manso Neto as member of the Related Party Transactions Committee. Consequently, was proposed by the Appointment and Remuneration Committee and approved by the Board of Directors the appointment of Mr. Nuno Maria Pestana de Almeida Alves as member of such Committee.