EDPR announces Scrip Dividend program for 2026

Madrid, February 25^th 2026: The Board of Directors (“BoD”) of EDP Renováveis, S.A. (“EDPR”) has decided to propose to the Ordinary General Shareholders’ Meeting of EDPR, which is foreseen to be held on April 13^th 2026 at first call (“GSM”), as it did in 2023, 2024 and in 2025, a flexible remuneration program for shareholders in the form of a scrip dividend with a recurring net profit payout of 40%, corresponding to a total amount of €132,091,526.40, or €0.13 per share. The scrip dividend replaces the ordinary dividend corresponding to fiscal year 2025 with the issuance of new paid-up shares, while keeping the option for shareholders to receive cash, to be followed by the approval by the GSM and a BoD resolution defining the final terms of the program and its implementation.

Following the launch of the program by the BoD - which may occur within a maximum term of one year following the GSM resolution - EDPR shareholders will therefore be allocated with a number of incorporation rights equal to the number of EDPR shared held by them at that moment, which will be listed in Euronext Lisbon stock exchange market, and shareholders will be able to freely choose between the following different options or combine them at their own convenience: 

a) not to sell all or part of their incorporation rights to EDPR or in Euronext Lisbon stock exchange market. In this case, at the end of the trading period the shareholders shall receive the relevant number of newly issued paid-up shares corresponding to the number of incorporation rights held by them. 

b) to sell all or part of the incorporation rights, originally attributed to them, to EDPR at a guaranteed fixed price. Thus, the shareholders who choose this option would receive a remuneration in cash in exchange for the incorporation rights sold, instead of newly issued paid-up shares. 

c) to sell all or part of their incorporation rights in Euronext Lisbon stock exchange market. Shareholders choosing this option will also monetize all or part of their incorporation rights, but in this case, they would receive a compensation in cash for the sale of the incorporation rights equivalent to their trading price in the market. Incorporation rights acquired in Euronext Lisbon market may not be sold on to EDPR. 

The commencement of the program will require that a document containing information on the number and nature of the shares to be issued and the reasons for and details of the attribution of incorporation rights is first made available to shareholders, pursuant to the provision of article 1(5)(g) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, which EDPR will release following the resolution of the BoD to implement the resolution of the GSM and the share capital increase and prior to the commencement of the incorporation rights trading period. 

With this program, EDPR aims to continue providing a flexible and competitive remuneration system to its shareholders, aligned with the current market practice and with its traditional dividend policy of a 30-50% payout ratio. Please contact dividendos@edpr.com if further information is needed.  

This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council. 

EDP Renováveis, S.A.