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 First 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, 18,901,047 (eighteen million, nine and
one thousand, forty-seven) new ordinary shares were subscribed between July 04, 2014 (inclusive)
and July 08, 2014 ("Initial Subscription Period") at an issue price of R$1.27 (one Real and twenty-
seven cents) per share, totaling R$ 24,004,329.69 (twenty-four million, four thousand, three
hundred and twenty-nine Reais and sixty nine 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, leaving 111,602,252 (one hundred and eleven million, six hundred and two
thousand, two hundred and fifty-two) ordinary shares unsubscribed.

II. Second Additional Preemptive Subscription Period for Unsubscribed Shares: (a) The
unsubscribed shares may be subscribed by shareholders who have expressed interest in remaining
shares in the respective subscription commitments, within three (3) days period, counted as from
the first business day following the date of publication of this Notice to Shareholders, beginning on
July 14, 2014 (inclusive) and ending on July 16, 2014 (inclusive) ("Second Additional Subscription
Period"), by executing new subscription commitments.

(a) The ratio for subscription of new shares will be 5.90455396 share for each share subscribed
during the Initial Subscription Period.

(b) The issue price of the remaining shares will be the same issue price approved by the Board of
Directors on May 09, 2014, i.e. R$1.27 (one real and twenty-seven cents) per share.

(c) The shares subscribed by the shareholders in the private capital increase shall be paid
immediately upon subscription and in local currency.



III. Unsubscribed shares: The unsubscribed shares that remain unsubscribed after the Second
Additional Subscription Period shall be cancelled and the Board of Directors shall proceed with the
partial homologation of the Private Capital.

IV. Procedure for the Subscription: The subscription rights shall be exercised from July 14, 2014
(inclusive) by the shareholders or assignees of preemptive rights through the execution of the
relevant documents at any specialized branch of Ita Corretora de Valores S.A., upon the payment
of the subscription amount and the completion of the respective subscription form that shall be
available at the following addresses:

Agncia Especializada Valores Mobilirios Braslia
SCS Quadra 3 Edif. DAngela, 30 Bloco A, Sobreloja
Centro Braslia/DF CEP: 70300-500

Agncia Especializada Valores Mobilirios Belo Horizonte
Av. Joo Pinheiro, 195 Subsolo
Centro Belo Horizonte/MG CEP: 30130-180

Agncia Especializada Valores Mobilirios Curitiba
R. Joo Negro, 65 Sobreloja
Centro Curitiba/PR CEP: 80010-200

Agncia Especializada Valores Mobilirios Porto Alegre
R. Sete de Setembro, 746 Trreo
Centro Porto Alegre/RS CEP: 90010-190

Agncia Especializada Valores Mobilirios Rio de Janeiro
Av. Almirante Barroso, 52 - 2 andar
Centro Rio de Janeiro/RJ CEP: 20050-005

Agncia Especializada Valores Mobilirios So Paulo
R. Boa Vista, 176 1 Subsolo
Centro - So Paulo/SP CEP: 01092-900

Agncia Especializada Valores Mobilirios Salvador
Av. Estados Unidos, 50 - 2 AND - (Ed. Sesquicentenrio)
Comrcio - Salvador/BA CEP: 40020-010

Further information regarding the capital increase and conditions for subscription and payment of
the newly-issued shares 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 0800-7209285, for other locations.

Rio de Janeiro, July 10, 2014


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