ENEVA S.A.

in Judicial Recovery
CNPJ/MF: 04.423.567/0001-21
Publicly Held Corporation
MATERIAL FACT
COMPLETION OF CAPITAL INCREASE
ACHIEVEMENT OF KEY STAGE OF THE JUDICIAL RECOVERY PLAN
Rio de Janeiro, November 5, 2015 ENEVA S.A. In Judicial Recovery (ENEVA or Company)
(BM&FBOVESPA: ENEV3, GDR I: ENEVY), in accordance with Article 157, Paragraph Four, of Brazilian
Corporations Law and CVM Instruction No. 358, of January 3, 2012, as amended, hereby informs the
completion, on the date hereof, of the Companys private capital increase, approved by the Companys
Extraordinary Shareholders Meeting held on August 26, 2015 (ESM), which represents a significant step
towards the Companys judicial recovery plan (Judicial Recovery Plan), approved by its shareholders on April
30, 2015 and ratified by the 4th Commercial Court of Rio de Janeiro State on May 12, 2015 (Capital Increase).
The subscription and payment of the Capital Increase have been made (i) through the contribution of assets,
totaling R$1.3 billion; (ii) through the capitalization of credits in the approximate total amount of R$983.0
million, corresponding to 40% of the total unsecured credits against the Company registered in judicial
recovery, which, together with the reduction of 20% of the debt enrolled in the judicial recovery, reduced the
Companys debt of approximately R$2.4 billion to a long-term debt of approximately R$1.0 billion; and (iii) in
cash, in an amount of approximately R$9.1 million.
With the contributed assets, ENEVA now holds 100% interest in (a) BPMB Parnaba S.A.; (b) Parnaba I,
Parnaba III and Parnaba IV power plants; and (c) ENEVA Participaes S.A., in addition to a 27.3% interest
held in Parnaba Gs Natural S.A. The assets contributed will foster cash generation and the Companys
strategic positioning.
Considering that the minimum amount requirement of the Capital Increase approved by the ESM has been
reached, the Companys Board of Directors, on a meeting held on the date hereof, approved, by unanimity of
its members votes, (i) the verification of the subscription of 15,336,875,991 new common shares issued by
the Company, at an issuance price of R$0.15 per share, which represents a subscription amount of
R$2,300,531,398.65; (ii) the ratification of the Capital Increase; and (iii) the cancellation of the non-subscribed
common shares.
As a result of the ratification of the Capital Increase, the Companys share capital increased from the current
R$4,711,337,093.96, divided in 840,106,107 common shares, to R$7,011,868,492.61, divided in
16,176,982,098 common shares.
Upon the completion of the Capital Increase, the shareholders DD Brazil Holdings S..R.L (E.ON) and Eike

Fuhrken Batista (and Centennial Asset Mining Fund LLC and Centennial Asset Brazilian Equity Fund LLC) had
their interest in the capital stock reduced to 12.25% and 1.04%, respectively, thereby no longer being
considered controlling shareholders of the Company.
In this sense, the Company hereby informs that, upon completion of the Capital Increase, no shareholder or
shareholders group, jointly acting, holds more than 50% of the Companys share capital. ENEVAs
shareholding structure upon completion of the Capital Increase is divided as follows:

Shareholder

Number of Shares

Interest

Banco BTG Pactual S.A.

8,019,078,311

49.57%

E.ON

1,980,876,587

12.25%

Ita Unibanco S.A.

1,884,283,260

11.65%

Ice Canyon LLC

1,100,447,853

6.80%

Others (< 5% each)

3,192,296,087

19.73%

Additionally, the Company hereby informs that its Reference Form (Formulrio de Referncia) will be duly
updated in accordance with Brazilian law and regulations.
Finally, the Company hereby informs that, up to this date, all of the stages set forth in the Judicial Recovery
Plan have been fully complied with, which allows the Companys maintenance and the resumption of its longterm financial stability.
ENEVA will keep its shareholders and the market in general informed on the matters regarding this Material
Fact.

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