ENEVA S.A.

IN JUDICIAL RECOVERY
CNPJ/MF (Taxpayer Registration Number): 04.423.567/0001-21
NIRE (Company Registration Number): 33.3.0028402-8
Publicly Held Corporation

MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS

HELD ON MARCH 26th, 2015

1.

DATE, TIME AND PLACE: On March 26th, 2015, at 13:00, at Praia do Flamengo, 66,

7th floor, Zip Code 22210-903, in the City of Rio de Janeiro, State of Rio de Janeiro.
2.

CALL AND ATTENDANCE: The Meeting was called pursuant to the bylaws of ENEVA

S.A. in Judicial Recovery (Company) and applicable law and attended by the following
members of the Board of Directors: Fabio Bicudo; Jrgen Kildahl, Keith Plowman, Adriano
Castello Branco and Marcos Grodetzky. As guests, Messrs. Alexandre Americano, CEO of the
Company, Ricardo Levy, Deputy CEO of the Company, Francisco Rausell and Rodrigo
Beraldo.
3.

CHAIR: After the presence of the Members of the Companys Board of Directors was

verified, Mr. Fabio Bicudo acted as Chairman and designated Mr. Rodrigo Beraldo to carry
out the duties of secretary.
4.

AGENDA: Deliberate on (i) the rectification and ratification of the resolution taken by

the Board of Directors related to the amendment to the long term financing contract entered
into by Itaqui Gerao de Energia S.A.; (ii) the financial statements of the Company related
to the fiscal year ended on December 31st, 2014; and (iii) the call of the Ordinary
Shareholders Meeting of the Company.
5.

RESOLUTIONS: The Companys Board of Directors unanimously and without

restrictions resolved to (i) rectify the resolution taken by the Companys Board of Directors
on January 14, 2015, related to the amendment to the long term financing contract entered
into by and between Itaqui Gerao de Energia S.A. and Banco do Nordeste do Brasil S.A.
BNB (BNB), in order to disregard the approval of the grace period of 6 (six) months of
interests in view of BNBs decision, and ratify the other terms of the contracts amendment,
according to the terms presented during the meeting. Moreover, the Board of Directors
unanimously and without restrictions resolved to (ii) recommend the approval of the
Companys financial statements related to the fiscal year ended on December 31 st, 2014 by
the General Shareholders Meeting; and (iii) call the Ordinary Shareholders Meeting in order
to deliberate on the matters foreseen in the law.

6.

CLOSING: At 17:00, as there was nothing further to be discussed, the meeting was

closed and these minutes were drafted, read and signed by all those in attendance.
- This is a true and correct copy of the Minutes of the Meeting of the Board of Directors of
ENEVA S.A. in Judicial Recovery, held on March 26th, 2015 at 13:00, recorded in the
relevant corporate book and signed by the members of the Companys Board of Directors.
Rio de Janeiro, March 26th, 2015.
____________________
Rodrigo Beraldo
Secretary