1

ENEVA S.A.
CNPJ/MF (Taxpayer Registration Number) 04.423.567/0001-21
NIRE (Company Registration Number) 33.3.0028402-8
Publicly Held Corporation
MINUTES OF THE MEETING OF THE BORAD OF DIRECTORS
HELD ON AUGUST 1
st
2014
1 DATE, TIME AND PLACE: On August 1
st
, 2014, at 10:00 a.m., at the head office of Eneva
S.A., located at Praia do Flamengo, No. 66, 9
th
floor, in the City, State of Rio de Janeiro
(Company).
2 CALL AND ATTENDANCE: The meeting was called pursuant to the Bylaws of the
Company and applicable law, with the participation of the following members of the Board
of Directors: Jrgen Kildahl; Keith Plowman; Stein Dale; Adriano Carvalhdo Castello
Branco Gonalves; Ronnie Vaz Moreira; Luiz do Amaral de Frana Pereira; Ricardo Luiz
de Souza Ramos and Luiz Fernando Vendramini Fleury.
3 CHAIR: After the presence of the majority of the members of the Board of Directors of the
Company was verified, Mr. Jrgen Kildahl acted as Chairman and designated Mr. Rodrigo
Beraldo to carry out the duties of secretary.
4 AGENDA: Discuss about the partial ratification of the capital increase of the Company,
according to the resolution taken at the Meeting of the Board of Directors held on 9 May
2014;
5 RESOLUTION: After examining the matters mentioned above, and considering that:
(i) the Notice to the Shareholders disclosed by the Company on 18 July 2014
informed about the end of the additional term for shareholders and new investors
exercise their preemptive right in the context of the capital increase of the
Company ("Notice to the Shareholders");
(ii) the Company granted to its shareholders and new investors the right, in case of
partial ratification of the capital increase, to review their decision regarding the
subscription of new shares, in whole or partially, within five (5) business days as of
the disclosure of the Notice to the Shareholders;
(iii) From the total of 249,212,598 (two hundred and forty-nine million, two hundred and
twelve thousand, five hundred and ninety-eight) new common shares initially
contemplated to be issued under the capital increase, 137,581,638 (one hundred
and thirty-seven million, five hundred and eighty-one thousand, six hundred and
thirty-eight) shares were effectively subscribed and paid up, reflecting already that
the subscription of 35,631 shares was reviewed pursuant to item ii above;
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the members of the Board of Directors, unanimously and without reservation, resolved to
partially ratify the capital increase of the Company, in the amount of BRL 174,728,680.26
(one hundred and seventy-four million, seven hundred and twenty-eight thousand, six
hundred and eighty reais and twenty-six cents), within the limits of the authorized share
capital, in view of the subscription and payment of 137,581,638 (one hundred and thirty-
seven million, five hundred and eighty-one thousand, six hundred and thirty-eight) new
common shares, all registered and with no par value. Accordingly, the current share capital
of the Company is of BRL4.711.337.093,96 (four billion, seven hundred eleven million,
three hundred thirty-seven thousand, ninety three Reais and ninety-six cents), divided into
840,106,107 (eight hundred and forty million, one hundred and six thousand, one hundred
and seven) common shares, all registered and with no par value.
6 CLOSING AND RECORDING: At 10:30 a.m., as there was nothing further to be
discussed, the meeting was closed and these minutes was recorded, read and approved
by the Board members.

- This is a true and correct copy of the Minutes of the Meeting of the Board of Directors of
Eneva S.A., held on August 1
st
, 2014 at 10:00am, recorded in the relevant corporate book
and signed by the members of the Board of Directors.

Rio de Janeiro, August 1
st
, 2014.


_____________________________
Rodrigo Beraldo
Secretrio