Payment of Dividends – Fiscal Year 2016 | EDP Renováveis

Madrid, April 11th 2017: In accordance with article 249º of the Portuguese Securities Code nº 2 paragraph b) and article 7, nº 3 of the Portuguese Securities Market Commission's Regulation nº 5/2008, EDP Renováveis S.A. ("EDP Renováveis"), a company incorporated in Spain, informs that the General Shareholders' Meeting, held on April 6th 2017 in Madrid, approved the proposal of the Board of Directors regarding the payment of a gross dividend of 0.05 Euros per share, subject, in any case, to the applicable tax laws.

Dividends will be available for payment starting on May 8th 2017. The payment of dividends will be made by deposit on the financial institution's account in which the respective shares, held by each shareholder, are registered. Banco Popular Portugal, S.A. is the paying agent ("Banco Popular").

Pursuant to Spanish Law and as a general rule, EDPR will apply a withholding tax rate of 19% over the gross dividend to be distributed. Final taxation of the dividend will ultimately depend on the nature and tax residence of each shareholder, where the dividend may be subject to additional taxation. As per the Portuguese tax legislation, dividend will be subject to an additional withholding tax rate of 28% for individuals (unless an option for aggregation is made) and 25% for corporate entities.

Shareholders with tax residence outside Spain, who reside in a country with which Spain has entered into a Double Taxation Agreement, may, in principle, benefit from a reduced withholding tax rate in Spain foreseen in the respective Agreement (v.g. shareholders with Portuguese tax residence may benefit from a withholding tax rate of 15% in Spain).

For the above purpose, shareholders should provide:

i) a certificate issued by each shareholder's financial intermediary, certifying shareholder ownership of the shares with reference date of May 5th 2017 at 11:59 p.m.;

ii) a Tax Residence Certificate issued by their respective Tax Administrations certifying their tax residency for the purpose of the corresponding Double Taxation Agreement with Spain with reference to 2017. For shareholders that have Portuguese tax residence, the certificate is issued by Autoridade Tributária e Aduaneira, and can be requested through Portal das Finanças (www.portaldasfinancas.gov.pt), and;

iii) a proof/document with the IBAN number on it (international bank account number) to later proceed to the fiscal tax return;

and deliver previous documentation using one of the following procedures:

i) contact their financial intermediary and provide them with the documents that evidence their right to benefit from a lower withholding tax rate and request the financial intermediary to forward the documentation to the dividend paying agent (Banco Popular). This option is subject to services rendered by each financial intermediary;

ii) send all documents ("Certificate of ownership", "Tax Residence Certificate" and "IBAN document") to the dividend paying agent (Banco Popular) through the e-mail dividendoEDPR@bancopopular.pt or to EDP Renováveis, through the e-mail dividendos@edpr.com.

Documents should be received by either Banco Popular or EDP Renováveis until June 2nd 2017.

Moreover, EDP Renováveis informs that starting on May 4th 2017 (inclusive), EDP Renováveis shares shall be traded on the NYSE Euronext Lisbon stock exchange without the right to payment of dividends (ex-dividend right).