Galp Energia SGPS SA (ELI:GALP) to Release Q1 2008 Earnings May 21

Galp Energia SGPS SA (ELI:GALP) will release the first quarter earnings for 2008 on Wednesday, May 21.  The financial results will be posted on the company’s website at investor.relations.galpenergia.com.

Galp Energia SGPS SA (Galp) is a holding company engaged in various business areas: Exploration and Production, Refining and Marketing, Natural Gas and Power. In the Exploration and Production area, the Company is mainly involved in the exploration of oil and gas in Brazil and Angola. In the Refining and Marketing area, Galp is active in the operation of oil and gas refineries for the production of gasoline, diesel and jet fuel, among others.

The company operates two refineries in the Portuguese cities of Sines and Oporto. In the Power area, the Company generates electric and thermal energy. In the Natural Gas segment, Galp is principally engaged in the distribution of natural gas in Portugal and Spain. Its subsidiaries include Galp Energia SA, Petroleos de Portugal - Petrogal SA, Galp Power SGPS SA and GDP - Gas de Portugal SGPS SA.

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