EDPR launches Scrip Dividend Programme and approves informative document

Madrid, May 4^th, 2026: Following: (i) the announcement on February 25^th, 2026 from EDP Renewables, S.A.¹  (“EDPR” or the “Company”) that the Board of Directors proposed, as it did in 2023, 2024 and 2025, a flexible remuneration program for shareholders in the form of a scrip dividend, and (ii) the approval of such proposal by the annual general shareholders meeting on April 13^th, 2026, the Board of Directors of EDPR has resolved today to approve a share capital increase through the incorporation of reserves of up to €46,921,120, for the purposes of executing the Scrip Dividend Programme. 

The Board of Directors of EDPR has also, on this date, approved a document containing information on the Scrip Dividend Programme, notably on the number and nature of the shares and the reasons for and details of the attribution of incorporation rights, 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 (“Informative Document”). Shareholders are required to carefully read the Informative Document before making any decision regarding the options made available to them under the Scrip Dividend Programme. 

As part of the Scrip Dividend Programme, shareholders will be able to freely choose between: (i) not selling all or part of their incorporation rights to EDPR or to other shareholders or third parties in the Euronext Lisbon stock exchange and receive shares; (ii) selling all or part of their incorporation rights to EDPR, at a fixed price of €0.124 per incorporation right; or (iii) selling all or part of their incorporation rights to other shareholders or third parties in Euronext Lisbon, at market price (or combine any of the aforementioned options at their own convenience). 

Shareholders who have acquired their shares up to May 11^th, 2026, and who appear as shareholders in Interbolsa records at 23:59 hours GMT on May 13^th, 2026 (record date), will be entitled to participate in the Scrip Dividend Programme. The Company's shares are traded without right to take part in the Scrip Dividend Programme as from May 12^th, 2026. 

In turn, trading of the incorporation rights under the Scrip Dividend Programme will run from May 14^th, 2026 to May 28^th, 2026, and shareholders of EDPR will be able to sell their incorporation rights to the Company from May 14^th, 2026 to May 25^th, 2026. Settlement of the incorporation rights sold to EDPR is expected to occur on June 2^nd, 2026 and the issuance of tradable new shares of EDPR and their admission to trading on June 3^rd, 2026. 

EDP Renewables, S.A.