News Clarification

Rio de Janeiro, July 21, 2014 ENEVA S.A. (ENEVA or Company) (BM&FBOVESPA: ENEV3,
GDR I: ENEVY), in compliance with article 157, paragraph 4 of Brazilian Law No. 6.404/76 and
CVM Rule 358/02, and considering recently published news, hereby clarifies that has been
working with Parnaba Gs Natural S.A. (PGN) to manage gas production in the Parnaba
Generation Complex (Complex) to the current high thermoelectric dispatch scenario in Brazil.

ENEVA and PGN are working to adjust the load of the Complex units in order to optimize
current and future production within the life cycle of the gas fields. This involves, among other
measures, managing existing wells, drilling additional ones and accelerating production at
other discovered fields which are approved for commercial operation.

Additionally, the Company has kept the market informed of the delay in the start-up of
Parnaba II CCGT (Parnaba II), a matter, amongst others, being discussed with Aneel
Brazils National Electric Energy Agency, as communicated to the market on June 18, 2014.
ENEVA will disclose the final terms and conditions of the Parnaba II negotiation as soon as it is
finalized with ANEEL, given that the process is confidential until conclusion.


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



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.