Galp Energia SGPS S A : informs about resignation of member of the Board of Directors and Executive Committee

ANNOUNCEMENT

January 5, 2022

Resignation of member of Board of Directors and Executive Committee

Galp announces that Carlos Costa Pina has presented his resignation as a member of the Board of Directors and as a member of Galp's Executive Committee, effective from January 5.

Carlos is currently the COO Corporate and has been a member of Galp's Board since 2012, having led several corporate divisions, as well as innovation, biofuels, new energies and infrastructure businesses. His executive responsibilities will be hand over to the remaining members of the Executive Committee.

Chairman Paula Amorim stated:

"Carlos has been an important asset for Galp for more than nine years. I thank Carlos for all the work he has done to develop this Company and I wish him major successes in his personal and professional future."

Chief Executive Officer Andy Brown stated:

"I would like to thank Carlos Costa Pina, with whom I've worked with for the past year, for his professionalism and commitment to the Company. Carlos is a dedicated and professional leader who played an important role in Galp's path towards a more sustainable organisation."

More information regarding Galp's corporate bodies and on each of the Board members can be found here.

Galp Energia,	SGPS, S.A.	Website:
Investor Relations:	Contacts:
	Tel: [phone]	www.galp.com/corp/en/investors
Otelo Ruivo, Head	Fax: [phone]	Email: [e-mail]
Inês Clares Santos
João Antunes	Address:	Reuters: GALP.LS
João G. Pereira	Rua Tomás da Fonseca,
Teresa Rodrigues	Torre A, 1600-209 Lisbon, Portugal	Bloomberg: GALP PL

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, 2020 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.

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