This translation of the Portuguese document was made only

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					   This translation of the Portuguese document was made only for the
convenience of non-Portuguese speaking shareholders. For all intents and
             purposes, the Portuguese version shall prevail.

                                    Proposal

                            Item 7 of the Agenda
                          of the General Meeting of
                  Galp Energia, SGPS, S.A., Public Company
                               on May 6th 2008



          Election of the Statutory Auditor for the 2008-2010 period

According with the terms of subsection b) n. 2 of article 420 of the Commercial
Companies Code (Propose to the General Meeting the appointment of the Statutory
Auditor) and according with Galp Energia, SGPS, S.A. articles of association, the
Supervisory Board proposes to the General Meeting to be held on May 6th 2008 the
election of:


     Mr. Pedro João Reis de Matos Silva, representing P. Matos Silva, Garcia Jr., P.
     Caiado & Associados, SROC, to act as Statutory Auditor for the period 2008 –
     2010;
     Also proposes to act as deputy statutory auditor Mr. António Campos Pires
     Caiado for the same period.




The Supervisory Board




Chairman – Daniel Bessa Fernandes Coelho
Member – José Gomes Honorato Ferreira
Member – José Maria Rego Ribeiro da Cunha
   Names, professional qualifications, experience and positions held in group and
   other companies over the last five years and the number of shares held in Galp
       Energia by the persons included on the proposal of item 7 of the agenda




Pedro João Reis de Matos Silva

Age:                      60

Academic degrees:              Degree in Finance by the Instituto Superior de Ciências Económicas e
                               Financeiras in 1971

                               Auditing and accounting degree from Centre d’Enseignement Supèrieur
                               des Affaires, Versailles-France (1974)

                               Corporate management studies (1976)

                               Industrial projects analysis studies - World Bank in Washington (1980)

                               Trainee course in Athenas (Greece) promoted by the World Bank
                               (1980)

                               Statutory Auditor since 1981

Positions held in group
                          -
companies at 31 Dec
2007:

Positions held in other        Statutory auditor of Portugal Telecom SGPS, S.A.
companies at 31 Dec
                               Chairman of the Supervisory Board of Portugal Telecom SGPS, S.A.
2007:

Main professional              Member of the Supervisory Board of Secil e da CMP – Cimentos Maceira
activities in the last         e Pataias, S.A. (1995 / 2004)
five years:
                               Chairman of the Supervisory Board of Crédibanco (merged with
                               Millennium BCP in 2005)

                               Chairman of the Supervisory Board of Banco Expresso Atlântico
                               (merged in Millennium BCP in 2004)

                               Statutory auditor in the following companies: Petrogal; Fundação
                               Centro Cultural de Belém, Gás de Lisboa; Transgás; Tv Cabo, Caixa
                               Crédito Agrícola Mútuo

Shares held in Galp
                          -
Energia as of
31.12.2007




António Campos Pires Caiado (Deputy)

Age:                      61

Academic degrees:              Degree in Finance by Instituto Superior de Economia
                              Master of Science in Management by Instituto Superior de Economia

                              Phd in Management (Accounting) in Universidade Aberta

Positions held in group
companies at 31 Dec
2007:

Positions held in other
companies at 31 Dec
2007:

Main professional             Professor of Universidade Técnica de Lisboa.
activities in the last
                              Statutory auditor since 1988.
five years:

Shares held in Galp
                          -
Energia as of
31.12.2007