ENEVA S.A.

CNPJ/MF: 04.423.567/0001-21
Publicly-held Company


MATERIAL FACT NOTICE

Conclusion of the Partial Sale of Pecm II

Rio de Janeiro, July 14, 2014 - ENEVA S.A. (ENEVA or Company) (BM&FBOVESPA: ENEV3, GDR I:
ENEVY), in accordance with the Article 157, paragraph 4 of Law 6,404/76 and the CVM Rule 358, of
January 3, 2002, hereby announces that, pursuant to the Material Fact Notice disclosed on May 12, 2014
(Material Fact), the indirect sale of 50% of the shares issued by Pecm II Gerao de Energia S.A.
("Pecm II") to DD Brazil Holdings S..R.L. (E.ON) was concluded on the date hereof (Partial Sale of
Pecm II).

As disclosed in the Material Fact, the Partial Sale of Pecm II is part of a group of measures adopted by
the Company in order to raise additional cash and strengthen its capital structure, which involve a debt
restructuring and a private capital increase of up to R$ 1.5 billion, as detailed in the Material Fact.

As a result of the Partial Sale of Pecm II, ENEVA received cash proceeds of approximately R$400 million
for 50% of the shares issued by Pecm II and a portion of the intercompany loan provided by ENEVA to
Pecm II.

Upon the conclusion of the Partial Sale of Pecm II, ENEVA and E.ON became shareholders, with a 50%
equity interest each, of a special purpose vehicle, which owns 100% of the shares issued by Pecm II.

Within the context of the transaction, the parties have granted each other call options to either
repurchase the 50% of Pecm II or to acquire the remaining shares of Pecm II.


Fabio Bicudo
CEO and Investor Relations Officer
ENEVA S.A.











ENEVA S.A.
CNPJ/MF: 04.423.567/0001-21
Publicly-held Company


ABOUT ENEVA
ENEVA is a power generation and trading company, with complementary businesses in natural gas exploration and production.
The Company currently has approximately 2.4GW of gross installed capacity in operation and is building over 518MW of additional
capacity, 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:
Flavia Heller
Rodrigo Vilela
+55 21 3721-3030
ri@ENEVA.com.br
ir.ENEVA.com.br

Press:
Carla Assemany +55 21 3721-3359 / +55 21 999537255




LEGAL NOTICE
This document contains Company-related statements and information that reflect the current vision and/or expectations the
Company and its management have regarding its business plan. These include, among others, all forward-looking statements that
involve forecasts and projections, indicate or imply results, performance or future achievements and may contain words such as
believe foresee expect consider is likely to result in or other words or expressions of similar meaning. Such statements
are subject to a series of expressive risks, uncertainty and premises. Please be advised that several important factors can cause the
actual results to diverge materially from the plans, objectives, expectations, estimations and intentions expressed in this
document. In no event shall the Company or the members of its board, directors, assigns or employees be liable to any third party
(including investors) for investment decisions or acts or business carried out based on the information and statements that appear
in this presentation, or for indirect damage, lost profit or related issues. The Company does not intend to provide to potential
shareholders with a revision of the statements or an analysis of the differences between the statements and the actual results.
Each investor must conduct and rely on its own evaluation, including of the associated risks in making an investment decision.