ENEVA S.A.

CNPJ/MF: 04.423.567/0001-21
NIRE: 33.3.0028402-8
(Publicly Held Company)

NOTICE TO SHAREHOLDERS


ENEVA S.A. (Company), further to the Notices to Shareholders dated May 12, 2014 and June 05,
2014, regarding the exercise of preemptive rights for the subscription of shares issued under the private
capital increase of the Company approved by the Board of Directors on May 9, 2014, hereby informs its
shareholders that:

I. Result of the Exercise of the Second Additional Preemptive Subscription Period for
Unsubscribed Shares: According to calculations made by Ita Corretora de Valores S.A., depositary
institution of the shares issued by the Company, 6,923 (six thousand, nine hundred twenty-three) new
ordinary shares were subscribed between July 14, 2014 (inclusive) and July 08, 2014 (inclusive)
("Second Additional Subscription Period") at an issue price of R$1.27 (one Real and twenty-seven
cents) per share, totaling R$8,792.21 (eight thousand, seven hundred ninety two Reais and twenty-one
cents), which added to the proceeds from the Initial Preemptive Right Period, equals to 55.22% (fifty-
five point twenty-two per cent) of the approved private capital increase.

II. Unsubscribed shares and Partial Homologation: Considering the partial subscription of the
Private Capital Increase, the subscribers who expressly expressed their intention in the respective
subscription form (Boletim de Subscrio) shall be entitled to review, total or partially, their investment
decision, until July 25, 2014 (inclusive). The shareholders who review their investment decision shall
receive the amount paid by them for the subscribed shares without monetary adjustment, totally or
partially, depending on the number of shares that were subject to the right of review on August 6, 2014.
The unsubscribed shares, totaling 111,595,329 (one hundred eleven million, five hundred ninety five
thousand, three hundred twenty-nine) shares, and the rights that are subject to reconsideration by the
subscribers will be canceled and the Board of Directors shall partially approve the Private Capital
Increase.

III. Homologation: After the end of the right of review, the Board of Directors of the Company shall
hold a meeting in order to homologate the final amount of the capital increase and the total number of
shares issued by the Company.

Further information regarding the capital increase may be obtained by means of solicitations sent to the
following address: ri@eneva.com.br or by telephone with shareholders service of Ita on the following
numbers: +55 (11) 3003-9285 for capitals and metropolitan regions, or 55 0800-720-9285, for other
locations.

Rio de Janeiro, July 18, 2014


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