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WARNING – NOTICE TO U.S. PERSONS

Due to restrictions under applicable securities laws the information contained herein is not for release, publication or distribution, in whole or in part, in certain jurisdictions.

Any offer of Notes by REN – Redes Energéticas Nacionais, SGPS, S.A. and REN Finance B.V. under the 5,000,000,000.00 Euro Medium Term Note Programme will not be registered under the US Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the Securities Act. Terms used in this paragraph have the meanings given to them by Regulation S under the Securities Act.

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BY CLICKING THE "OK" BELOW YOU CONFIRM THAT YOU (1) HAVE CAREFULLY READ AND UNDERSTOOD THE INFORMATION SET OUT ABOVE AND (2) AGREE TO BE BOUND BY ITS TERMS.