ENEVA S.A.

in Judicial Recovery
CNPJ/MF: 04.423.567/0001-21
Publicly Held Corporation
MATERIAL FACT

Official Letter BM&FBOVESPA 3144/2015-SAE Share Reverse Split

Rio de Janeiro, November 30, 2015 ENEVA S.A. in Judicial Recovery (ENEVA) (BM&FBovespa: ENEV3,
GDR I: ENEVY), in accordance with article 157, paragraph 4 of Law 6,404/76 and CVM Instruction 358/2002,
as amended and, in complement to the Material Fact disclosed on October 23, 2015, hereby presents the
schedule of the procedures for the share reverse split (Exhibit), pursuant to the Regulation for Issuers Listing
and Admission on Securities Trading and the Issuers Manual published by BM&FBOVESPA regarding the rule
for the price of the shares issued by the Company.

Ricardo Levy
Executive Vice-President and Investor Relations Officer
ENEVA S.A. in Judicial Recovery

ABOUT ENEVA
ENEVA is a power generation and trading company, with complementary businesses in natural gas exploration and production. The
Company currently has 2.2GW of gross installed capacity in operation, which places it among the largest private power generation
companies in Brazil. ENEVA also owns an interest in natural gas onshore blocks in the Parnaba Basin.
Investor Relations:
Rodrigo Vilela
Carlos Cotrim
+55 21 3721-3030
ri@eneva.com.br
ir.eneva.com.br
Press:
Marina Duarte +55 21 3721-3373 / + 55 21 98132-0459

Material Fact of November 30, 2015 - Exhibit

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Procedure
Presentation of the proposal for the reverse split of the Companys
shares to be submitted to the Companys Board of Directors.
Disclosure of the Minutes of the Board of Directors Meeting with
the approval of the proposal for the share reverse split on the
websites of the Brazilian Securities and Exchange Commission
(CVM) and the BM&FBOVESPA
Disclosure of material fact with the proposal for the share reverse
approved by the Board of Directors
Publication of the Call Notice to the Shareholders Meeting which
will resolve on the Management Proposal about the share reverse
split
Shareholders Meeting

Deadline
Until March 31, 2016

Disclosure of the minutes of the Shareholders Meeting with the

approval of the proposal for the share reverse split on the websites
of the Company, the CVM and the BM&FBOVESPA
Disclosure of the Notice to Shareholders announcing the resolutions
of the Shareholders Meeting related to the proposal for the share
reverse split on the websites of the Company, the CVM and the
BM&FBOVESPA
Free shareholding position adjustment period

On the same day of the

Shareholders Meeting

On the same day of the Board of

Directors Meeting

On the same day of the Board of

Directors Meeting
In up to 30 days prior to the
Shareholders Meeting
Until April 30, 2016

On the same date of the

Shareholders Meeting

In up to 30 days after the

8
disclosure of the Notice to
Shareholders
Effective realization of the reverse split
First business day after the
9
period defined for shareholding
position adjustment
Auction of the unsubscribed shares fractions after the reverse split In up to 10 business days after
10
the effective reverse split
Credit of the amount from the sales of the shares on the 5 business days after the last
11 shareholders account, or available within Ita Corretora de Valores auction
S.A., the depositary institution of the shares of the Company