ENEVA S.A.

In Judicial Recovery
Corporate Taxpayers ID (CNPJ/MF): 04.423.567/0001-21
Company Registry (NIRE) 33.3.0028402-8
(Publicly-Held Company)
NOTICE TO SHAREHOLDERS

ENEVA S.A. In Judicial Recovery (Company) announces to its shareholders, in

continuity with the provisions of the Notice to Shareholders of September 4, 2015, October 15,
2015 and October 23, 2015, regarding the exercise of preemptive rights for the subscription of
shares to be issued under the capital increase approved by the Companys Extraordinary
General Meeting held on August 26, 2015 (Capital Increase), the following:
I.

Result of the Exercise of the Second Additional Period for the Subscription of

Unsubscribed Shares:
According to the calculations of Ita Corretora de Valores S.A. (Ita Depository Agent), the
depository institution for the Companys shares, a total of nine million, two hundred and ninetyfive thousand, one hundred and ninety-three (9,295,193) new common shares were subscribed
between October 26, 2015, inclusive, and October 28, 2015, inclusive (Second Additional
Preemptive Rights Period) at an issue price of fifteen centavos (R$0.15) per share, totaling
one million, three hundred and ninety-four thousand, two hundred and seventy-eight reais and
ninety-five centavos (R$1,394,278.95), which, added to the proceeds obtained during the Initial
Preemptive rights Period and from the First Additional Preemptive Rights Period (already
considering the cancellation of the investors subscription receipts who conditioned their
subscription decision in accordance with item II below), totals two billion, three hundred million,
five hundred and thirty-one thousand, three hundred and ninety-eight Reais and sixty-five cents
(R$2,300,531,398.65), equivalent to sixty-three point zero two percent (63.02%) of the
approved capital increase, leaving eight billion, nine hundred and ninety-six million, four
hundred and fifty-seven thousand and three hundred and forty-three (8,996,457,343)
unsubscribed common shares.
II.

Cancellation of the Remaining Shares and Partial Approval:

Given that the minimum limit for the Capital Increase, of two billion reais and ten centavos
(R$2,000,000,000.10) has been attained, the unsubscribed shares remaining shall be cancelled
at the end of the Second Additional Preemptive Rights Period, under the terms of Article 171,
paragraph 7, line b of Law 6404/76.
Given that the Capital Increase was not fully subscribed, subscribers who conditioned, in their
subscription order, their adhesion to the subscription of the maximum amount of the Capital
Increase or who indicated, should the partial ratification be implemented, that they intended to
receive (i) all of the shares subscribed by them or (ii) the amount corresponding to the
proportion between the total number of shares actually subscribed and the maximum number of
shares originally approved for issue in the Capital Increase, will be refunded for the amounts
offered by them for payment, with no inflationary adjustment, totally or partially, in accordance

with the condition in the subscription order. Should subscribers not manifest themselves
regarding this matter, it will be understood that they should receive all the shares to which they
subscribed. Said reimbursement will be credited to those shareholders entitled to the credit on
November 6, 2015.
Shareholders will not have any additional term to reconsider their subscription decision,
pursuant to Official Letter/CVM/SEP/no. 02/2015, Managements Proposal to the Companys
Extraordinary Shareholders Meeting held on August 26, 2015 and the Notice to Shareholders of
September 4, 2015.
After the cancellation of the remaining shares, the Companys Board of Directors will meet on
November 5, 2015 to approve the Capital Increase partially subscribed, totaling two billion,
three hundred million, five hundred and thirty-one thousand, three hundred and ninety-eight
Reais and sixty-five cents (R$2,300,531,398.65), upon the issue of fifteen billion, three hundred
and thirty-six million, eight hundred and seventy-five thousand, nine hundred and ninety-one
(15,336,857,991) new common shares, and the Companys capital stock will increase from four
billion, seven hundred and eleven million, three hundred and thirty-seven thousand, ninetythree reais and ninety-six centavos (R$4,711,337,093.96), divided into eight hundred and forty
million, one hundred and six thousand, one hundred and seven (840,106,107) common shares,
to seven billion, eleven million, eight hundred and sixty-eight thousand, four hundred and
ninety-two Reais and sixty one cents (R$7,011,868,492.61), divided into sixteen billion, one
hundred and seventy-six million, nine hundred and eighty-two thousand and ninety-eight
(16,176,982,098) common shares.
Finally, the Company informs that the amount corresponding to the shares issued in the Capital
Increase should be credited on November 10, 2015.
III.

Additional Information:

More information about the capital increase may be obtained through requests sent to the
following address: ri@eneva.com.br or by dialing the shareholder services of Ita Depository
Agent at the following numbers: (11) 3003-9285, for state capitals and metropolitan regions, or
0800 720-9285, for all other locations.
Rio de Janeiro, November 04, 2015.

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