Article 1U.K.

1.The State aid which Portugal plans to grant to Petrogal, amounting to EUR 160 484 007 in nominal value (EUR 121 091 314 in discounted prices) and representing a maximum aid intensity of 12,43 % in discounted prices, is compatible with the internal market in accordance with Article 107(3)(a) of the Treaty.

2.Implementation of the State aid referred to in Article 1(1) is accordingly authorised. In case of deviations from the planned eligible expenditure and from the notified granting schedule of the State aid, Portugal shall not exceed the maximum aid amount in discounted prices of EUR 121 091 314 nor the maximum aid intensity in discounted prices of 12,43 %.