EDP Energias de Portugal S A : informs about the items 2 to 6 of the agenda of the Annual General Shareholders Meeting

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ANNUAL GENERAL SHAREHOLDERS' MEETING

EDP - ENERGIAS DE PORTUGAL, S.A.

6 April 2022

PROPOSAL OF ITEM 2 OF THE AGENDA

Resolve on allocation of profits in relation to the 2021 financial year

and distribution of dividends

In accordance with Article 30 (1) of EDP's Articles of Association, the Executive Board of Directors hereby proposes for approval by the Shareholders that:

1. The 2021 financial year results, in the total amount of € 824,069,862.75, have the following allocation:

Legal Reserve	€	10,204,297.56
Endowment to EDP Foundation*	€	6,200,000.00
Retained Earnings	€	807,665,565.19

2. Dividends to be paid in the amount of € 0.190 per share, in the total amount of

• • 753,479,392.28.
• The proposed endowment amount remains unchanged from 2019.

The total amount of € 753,479,392.28 in dividends to be paid from distributable assets, corresponding to € 0.190 per share, considers the total number of shares representing EDP's share capital; nevertheless, under applicable law, no payment of dividends shall take place regarding own shares held by EDP as of the date that dividends are made available for payment, and such amount is added to the amount of retained earnings.

Lisbon, 17 February 2022

EDP - Energias de Portugal, S.A.

By the Executive Board of Directors

Miguel Stilwell de Andrade

Rui Teixeira

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EDP - ENERGIAS DE PORTUGAL, S.A.

ANNUAL GENERAL SHAREHOLDERS' MEETING

6 April 2022

PROPOSAL OF ITEM 3 OF THE AGENDA

General appraisal of the management and supervision of the company

Considering article 455 of the Portuguese Companies Code and the quality of the performance of the members of the management and supervision bodies of EDP - Energias de Portugal, S.A. who exercised their functions during 2021:

The Shareholders propose:

1º - A vote of confidence and praise to the Executive Board of Directors and to each of its members for the performance of their offices during 2021 financial year.

2º - A vote of confidence and praise to the General and Supervisory Board and to each of its members for the performance of their offices during 2021 financial year.

3º - A vote of confidence and praise to the Statutory Auditor for the performance of its office during 2021 financial year.

Lisbon, 3 March 2022

The Shareholders,

___________________________________

China Three Gorges (Europe), S.A.

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EDP - ENERGIAS DE PORTUGAL, S.A.

ANNUAL GENERAL SHAREHOLDERS' MEETING

6th April 2020

PROPOSAL OF ITEM 3 OF THE AGENDA

Opinion of the General and Supervisory Board on the vote of confidence to the

Executive Board of Directors regarding the 2021 exercise

As per established on paragraph h) of no. 1 of Article 22 of EDP's By-Laws, the General and Supervisory Board must "issue, at its own initiative or when requested by the Chairman of the Executive Board of Directors, an opinion on the annual vote of confidence in administration body members referred to in Article 455 of the Companies Code".

As such, in the exercise of its powers and without prejudice to the principle of institutional cooperation that fosters relationships with the Executive Board of Directors (EBD) in the uncompromising pursuit of EDP interests, the General and Supervisory Board (GSB) has implemented a principle of the most demanding standards and full responsibilities, which has special significance in terms of evaluating the activity and performance of the Executive Board of Directors.

EDP has voluntarily established a formal and objective process for evaluating the activity of the Executive Board of Directors. The process was conducted, analyzed and certified by an external consultant, Mercer.

In early 2022, the members of the General and Supervisory Board were interviewed (by representatives of the referred external consultant) so that two types of approach, qualitative and quantitative, were included in the evaluation of the Executive Board of Directors, which broke down into:

• Composition, organization, and functioning
• Relationship of the EBD with the GSB
• Relationship of the EBD with the other interlocutors
• Individual assessment of the members

Based on the questionnaire responses and interviews, at the meeting on February 17, 2022, the General and Supervisory Board jointly reflected on this data, drawing its conclusions.

Therefore, pursuant to the respective rules, approved in line with best corporate governance practices, the General and Supervisory Board wishes to record the following conclusions on the assessment process of the activity and performance of the Executive Board of Directors in 2021:

1. The General and Supervisory Board evaluated the relationship between the EBD and the GSB as very positive, as well as the EBD's availability for the GSB's requests, rating this point as "Excellent".
2. In the EBD's evaluation questionnaire, the points under analysis globally obtained an average rating of "Excellent" or "Above expectations", which demonstrates the GSB's high degree of overall satisfaction and confidence in the performance of the Executive Board of Directors in the previous year.

Without prejudice to the evaluation obtained, the work of the Executive Board of Directors must be underpinned by the continuous improvement of its performance, both in terms of its own duties and in its relations with the other corporate bodies of EDP, and also in the defence of Shareholders' interests.

Proposal

Under the terms set out above, the General and Supervisory Board unanimously decided to approve this opinion on the assessment of the activity and performance of the Executive Board of Directors during the 2021 financial year and to transmit to the Shareholders its position in favor of a vote of confidence and praise for the Executive Board of Directors, its Chairman and each of its Members.

17th February 2022

______________________________

João Talone

Chairman of the General and Supervisory Board

2

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ANNUAL GENERAL SHAREHOLDERS' MEETING

EDP - ENERGIAS DE PORTUGAL, S.A.

6th April 2022

PROPOSAL OF ITEM 4 OF THE AGENDA

Grant authorization to the Executive Board of Directors for the acquisition and sale of

own shares by EDP and subsidiaries of EDP

Considering:

1. The legal regulations applicable to the acquisition and sale of own shares by limited liability companies set forth in the Portuguese Companies Code;
2. The permission granted on no. 3 of article 5 of the Articles of Association to acquire, hold and sell own shares, as provided in the law and up to the limits set forth in the law;
3. The provisions laid down in Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and in Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, that established a special regime contemplating, namely, requirements to exempt from the general regime of market abuse for certain programs of reacquisition of own shares that should be taken into consideration even if the acquisition of own shares is not integrated on the reacquisition programs covered by the referred Regulations;
4. The obligation to communicate and disclose the execution of own shares' operations by companies listed into trading that are provided for in CMVM's Regulation no. 5/2008, in its current version;
5. The authorization granted to the Executive Board of Directors to buy and sell own shares by resolution of the General Shareholders' Meeting of 14th April 2021 by virtue

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