Dams. EDP provided a guarantee to suspend tax enforcement

EDP has received tax settlement notices from the Tax Authority for taxes related to the sale of six dams in the Douro River basin in 2020. These settlements involve IRS and Stamp Duty, affecting both EDP and EDP Produção. The company opted not to make voluntary payments but provided bank guarantees to suspend tax enforcement processes. Municipalities expect these payments to be made by October to avoid expiration. A year ago, the Public Prosecutor's Office dismissed tax fraud suspicions, noting unpaid taxes of €335 million linked to the dam sales. EDP plans to legally contest the tax settlements.