Galp Energia SGPS S A : informs about Filipe Silva appointment as the new CEO of Galp

ANNOUNCEMENT

November 16, 2022

Filipe Silva to be the new CEO of Galp

Galp informs that its Board of Directors decided unanimously to appoint Filipe Silva, Galp's Board Member and Chief Financial Officer (CFO) since 2012, to succeed Andy Brown as Chairman of the Executive Committee (CEO), for the period between 1 January 2023 and the next Annual General Shareholders Meeting (AGM).

In addition, Galp's main shareholder Amorim Energia B.V. has informed the Company that it intends to include Filipe in the list to be submitted to the next AGM for the Board of Directors' election for the 2023-2026 term, proposing that Filipe continues to lead Galp's executive committee.

"Filipe is a seasoned executive with a vast experience in the Company and in the energy markets and I am certain that this succession is the one which better allows Galp to keep on its path of growth and transformation, in accordance with the defined strategic guidelines. I wish Filipe all the best in his new role", said Paula Amorim, Galp's Chairman.

Between 1 January 2023 and the date of the next AGM, and until the composition of the executive team for the next term is defined, it is intended that Filipe accumulates both the CEO and CFO roles.

Galp Energia, SGPS, S.A.

Investor Relations:	Contacts:	Website:
Otelo Ruivo, Director	Tel: [phone]	www.galp.com/corp/en/investors
João G. Pereira	Fax: [phone]	Email: [e-mail]
Teresa Toscano	Address:	Reuters: GALP.LS
Tommaso Fornaciari	Rua Tomás da Fonseca,	Bloomberg: GALP PL
César Teixeira	Torre A, 1600-209 Lisbon, Portugal

This document may include forward-looking statements, including, without limitation, regarding future results, namely cash flows, dividends, and shareholder returns; liquidity; capital and operating expenditures; performance levels, operational or environmental goals, targets or commitments and project plans, timing, and outcomes; production rates; developments of Galp's markets; and impacts of the COVID-19 pandemic on Galp's businesses and results; any of which may significantly differ depending on a number of factors, including supply and demand for oil, gas, petroleum products, power and other market factors affecting them; the outcome of government policies and actions, including actions taken to address COVID-19 and to maintain the functioning of national and international economies and markets; the impacts of the COVID-19 pandemic on people and economies; the impact of Galp's actions to protect the health and safety of its employees, customers, suppliers and communities; actions of Galp's competitors and commercial counterparties; the ability to access short- and long-term debt markets on a timely and affordable basis; the actions of consumers; other legal and political factors, including changes in law and regulations and obtaining necessary permits; unexpected operating events or technical difficulties; the outcome of commercial negotiations, including negotiations with governments and private entities; and other factors discussed in Galp's Management Report & Accounts filed with the Portuguese Securities Market Commission (CMVM) for the year ended December 31, 2021 and available on our website at galp.com. All statements other than statements of historical facts are, or may be deemed to be, forward-looking statements. Forward-looking statements express future expectations that are based on management's expectations and assumptions as of the date they are disclosed and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such those statements. Galp and its respective representatives, agents, employees or advisers do not intend to, and expressly disclaim any duty, undertaking or obligation to, make or disseminate any supplement, amendment, update or revision to any of the information, opinions or forward-looking statements contained in this document to reflect any change in events, conditions or circumstances. This document does not constitute investment advice nor forms part of and should not be construed as an offer to sell or issue or the solicitation of an offer to buy or otherwise acquire securities of Galp or any of its subsidiaries or affiliates in any jurisdiction or an inducement to engage in any investment activity in any jurisdiction.