Following the General Shareholders’ Meeting of March 27, 2012, the members of REN’s Board of Directors and Executive Committee were elected for the three-year period 2012-2014.
In compliance with no. 4 of article 390 of the Portuguese Companies Code, Parpública – Participações Públicas (SGPS), S.A., EGF – Gestão e Consultoria Financeira, S.A., Gestmin, SGPS, S.A. and Red Eléctrica Corporación, S.A., respectively, appointed the following individuals to act as directors of REN on their own behalf and during the three-year period 2012-2014:
Aníbal Durães dos Santos (appointed by Parpública – Participações Públicas (SGPS), S.A.);
Luis Guedes da Cruz Almeida (appointed by EGF – Gestão e Consultoria Financeira, S.A.);
José Manuel Félix Morgado (appointed by Gestmin, SGPS, S.A.);
José Folgado Blanco (appointed by Red Eléctrica Corporación, S.A.).
Thus, REN’s Board of Directors has the following members:
The effective exercise of the respective functions by State Grid International Development Limited (represented by Guangchao Zhu), by Mengrong Cheng and Haibin Wan is conditioned upon the entry into force of the strategic partnership agreement by and between REN and State Grid International Development Limited, and the effective exercise of the respective functions by Hilal Ali Saif Al-Kharusi is conditioned upon the entry into force of the strategic partnership agreement by and between REN and Oman Oil Company S.A.O.C., both entered into on February 22, 2012.
Independent directors Emílio Rui Vilar and Luís Palha da Silva have declared their intention to accept their respective appointment after the completion of REN’s 2nd reprivatization phase.