News Releases

 
EDP Renováveis To List On NYSE Euronext As Largest European IPO Year-To-Date
-- Company’s Stock to Commence Trading on Euronext Lisbon on June 4 --

--NYSE Euronext is the World Listings Leader in Alternative Energy Sector--

LISBON  /NEW YORK/PARIS , June 2, 2008 – Portuguese EDP Renováveis , S.A. , the renewable energy subsidiary of Energias de Portugal (EDP) and one of the world's largest and fastest growing wind energy companies, today celebrated the successful completion of its global IPO and listing on NYSE Euronext Lisbon. To celebrate this special occasion, Antonio Mexia, EDP Chief Executive Officer, and Ana Maria Fernandes, EDPR Chief Executive Officer, will ring today’s NYSE Closing Bell remotely from Lisbon .


EDPR will commence trading on NYSE Euronext’s Lisbon  market under the ticker symbol “EDPR” following its successful spin-off from EDP Group (NYSE Euronext: EDP), which remains listed on NYSE Euronext Lisbon. The EDPR IPO raised a total of €1.566 billion/$2.42 billion in global proceeds.

"Our ability to attract the listings of leading, global, companies such as EDPR demonstrates the benefits offered by listing on NYSE Euronext: being able to list in the world’s major currencies and gain unmatched access to investors in the Eurozone and globally," said Jean-Francois Théodore, Deputy CEO, NYSE Euronext.

"We’re pleased to welcome the listing of EDP Renováveis, the largest IPO in Europe year-to-date, on our Lisbon market after its successful placement of shares with investors in Europe, the U.S. and globally," said Miguel Athayde Marques, Head of Portuguese Market and member of the NYSE Euronext management committee.

"Throughout our global roadshow investors have shown huge interest in our unique equity story," said Mr. Mexia, EDPR’s Chief Executive Officer.   In a context of challenging financial markets, the success of the IPO clearly demonstrates the high regard investors have for EDP Renováveis as the fastest growing pure-play among the world's largest global renewables companies, with first class assets and strong track record in execution. We warmly welcome all of our new shareholders and look forward to rewarding their confidence as we deliver on our growth strategy and pipeline".

NYSE Euronext is the first exchange group to offer truly global, cross-border listing and trading, providing the ability to trade in dollars and euros and the opportunity to reach investors across continents and multiple time-zones.   This year, NYSE Euronext markets have had the largest IPO in the U.S. , with Visa (NYSE: V), raising €11.5 billion/$17.86 billion and in Europe , and with EDPR (NYSE Euronext: EDPR) now having raised €1.566 billion/$2.42 billion.  In 2007, NYSE Euronext ranked no. 1 in overall IPO proceeds worldwide, with $81 billion raised.

NYSE Euronext and Alternative Energy Companies:

 

  • The NYSE, a subsidiary of NYSE Euronext (NYSE Euronext: NYX) is the leader in listing energy companies; from the world's leading oil majors to small independents, ranging from companies active in drilling, oil refining services, oil sands, natural gas, to alternative energy companies such as solar panel manufacturers, wind farm operators and producers of ethanol products.

 

  • As the listings leader in the energy industry, about 97% (by market value) of all qualified energy companies have chosen to list on NYX markets.

 

  • With alternative energy companies from many different countries listed on the NYSE, NYSE Arca, NYSE Euronext and NYSE Alternext, NYSE Euronext is the world leader in listing alternative energy and “cleantech” companies.   In addition to the listings of wind power companies such as EDF Energies Nouvelles (EEN), and Theolia (TEO), for example, a selection of NYSE Euronext-listed alternative energy companies includes those active in the manufacturing of solar equipment, such as  Kyocera (KYO), LDK Solar Co., Ltd. (LDK), MEMC electronic (WFR), and Suntech Power Holdings Co. (STP), to ethanol producers such as VeraSun (VSE), and “cleantech” companies such as Yingli Green Energy Holding Company Limited (YGE).

 

Media contacts:

  • NYSE Euronext (Lisbon ), Paula Cordeiro, 35.1.964046778, pacordeiro@sapo.pt

 

  • NYSE Euronext (New York ), Media Relations, Christiaan Brakman, 1.212.656.2094, cbrakman@nyse.com

 

 

  • EDPR (Lisbon), Paulo Campos Costa, 351.21.0012616,   paulocampos.costa@edp.pt

 

About EDP Renováveis

EDP Renováveis is a leading, pure-play, global renewable energy business focused primarily on the design, development, management and operation of its own wind plants, with gross installed wind capacity as of 31 March 2008 of 3.7 gross GW and 26GW of projects under development.

EDPR was ranked fourth in the world based on net wind installed capacity as of 31 December 2007, with globally the highest year-on-year growth rate in net installed capacity of 168% from year-end 2006 to year-end 2007. EDPR aims to treble its installed capacity to more than 10.5GW by 2012, targeting adding on average 1.4GW per year of new installed capacity over the next five years.

EDPR currently owns and operates wind farms in Spain , Portugal , France and the United States . The Company has various wind projects in different stages of construction and development in these countries as well as in Belgium , Poland and Brazil . In addition, EDPR is actively engaged in expanding its activities into other countries.

About NYSE Euronext

NYSE Euronext (NYX) operates the world’s leading and most liquid exchange group, and seeks to provide the highest levels of quality, customer choice and innovation.  Its family of exchanges, located in six countries, includes the New York Stock Exchange, the world's largest cash equities market; Euronext, the Eurozone's largest cash equities market; Liffe, Europe's leading derivatives exchange by value of trading; and NYSE Arca Options, one of the fastest growing U.S. options trading platforms.  NYSE Euronext offers a diverse array of financial products and services for issuers, investors and financial institutions in cash equities, options and derivatives, ETFs, bonds, market data, and commercial technology solutions.  NYSE Euronext's nearly 4,000 listed companies represent a combined $ 30.9/ € 19.8 trillion in total global market capitalization (as of April 30, 2008 ), more than four times that of any other exchange group.  NYSE Euronext's equity exchanges transact an average daily trading value of approximately $161.9 / €106.9 billion (as of April 30, 2008 ), which represents more than one-third of the world's cash equities trading.  NYSE Euronext is part of the S&P 500 index and the only exchange operator in the S&P 100 index.  For more information, please visit www.nyx.com.

NYSE Euronext and its affiliates do not recommend or make any representation as to possible benefits from any securities or investments, or third-party products or services. Investors should undertake their own due diligence regarding their securities and investment practices.

Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2007 (“document de référence”) filed with the French Autorité des Marchés Financiers (Registered on May 15, 2008 under No. R. 08-054), 2007 Annual Report on Form 10-K and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.



Contact: Christiaan Brakman
Phone: 212-656-2094
Email:  cbrakman@nyx.com