The document provides a disclaimer and overview of MPX Energia S.A., a diversified energy company with projects in power generation, natural gas, and coal in South America. MPX has over 3 GW of contracted power generation capacity online by 2013, over 11 trillion cubic feet of natural gas resources, and plans for 35 million tons per year of coal production. The company aims to leverage its integrated energy assets and growing cash flows to become a leading energy player in South America.

1. Corporate Presentation

2. Disclaimer The material that follows is a presentation of general background information about MPX Energia S.A. and its subsidiaries (collectively, “MPX” or the “Company”) as of the date of the presentation. It is information in summary form and does not purport to be complete. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, or completeness of this information. This presentation may contain certain forward-looking statements and information relating to MPX that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “may”, “plan”, “believe”, “anticipate”, “expect”, “envisages”, “will likely result”, or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this presentation. In no event, neither the Company, any of its affiliates, directors, officers, agents or employees nor any of the placement agents shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this presentation or for any consequential, special or similar damages. This presentation does not constitute an offer, or invitation, or solicitation of an offer, to subscribe for or purchase any securities. Neither this presentation nor anything contained herein shall form the basis of any contract or commitment whatsoever. Recipients of this presentation are not to construe the contents of this summary as legal, tax or investment advice and recipients should consult their own advisors in this regard. The market and competitive position data, including market forecasts, used throughout this presentation were obtained from internal surveys, market research, publicly available information and industry publications. Although we have no reason to believe that any of this information or these reports are inaccurate in any material respect, we have not independently verified the competitive position, market share, market size, market growth or other data provided by third parties or by industry or other publications. MPX, the placement agents and the underwriters do not make any representation as to the accuracy of such information. This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole or in part without MPX’s prior written consent. .

3. MPX: a diversified energy company with the largest portfolio of integrated projects in South America . Power Generation 3 GW with power agreements secured Environmental license for >14 GW Natural Resources Natural Gas: >11 Tcf of risked resources in the Parnaiba Basin Coal: 35 Mtpa production target in a strategic location in Colombia

4. MPX Highlights Predictable and steady cash flow from power generation plants starting in 2012 Successful closing of R$ 1.4 billion Convertible Debenture Issue, covering equity needs for the near future Unique onshore natural gas portfolio with risked resources of over 11 Tcf, integrated to 3.7 GW licensed power generation complex World-class coal assets in Colombia in a strategic location (150 km railway to the coast) and potential production of 35 million tons per year Largest power project in Chile (2.1 GW), integrated to a deep water dedicated port Largest licensed power generation portfolio in South America – 14 GW between gas and coal fired power plants .

5. Steady and predictable cash flows from fully contracted power generation plants . Figures adjusted considering MPX’s stake in each project Notes: 1. TPP Energia Pecém is a partnership between MPX (50%) and EDP (50%); 2 . TPP Maranhão III, IV and V + Free market are partnerships between MPX (70%) and Petra (30%); 3. Capacity Payments are escalated annually by the IPCA inflation index (Figures as September, 2011). CAGR: 73% Minimum Guaranteed Gross Revenues 3 Installed Capacity R$ 551 MM R$ 1,460 MM CAGR: 40% 720 MW 1,558 MW 2,157 MW R$ 1,520 MM R$ 1,286 MM TPP Energia Pecém 1 TPP Itaqui TPP Pec é m II TPP Maranhão IV and V (Bertin)+ Free Market 2 TPP Maranhão III (A-3 Auction ) 2

6. . EPC Progress EPC Progress TPP Energia Pecém (720 MW) TPP Itaqui (365 MW) TPPs Energia Pecém and Itaqui will start-up in 1H2012

7. In 2013, TPP Pecém II and the Parnaíba Thermoelectric Complex also begin to generate power . EPC Progress TPP Pecém II (360 MW) TPP Maranhão IV + V (676 MW) EPC Progress

8. And in 2014, the Parnaíba Thermoelectric Complex will reach a total capacity of 1.5 GW . The Parnaíba Thermoelectric Complex is a partnership between MPX (70%) and Petra (30%); Capacity Payments, adjusted considering MPX’s stake, are escalated annually by the IPCA inflation index (Figures as September, 2011). Integrated gas supply = monetization of MPX’s 23% stake in the E&P business in the Parnaíba Basin Capacity (MW) Energy sold (avg MW) Annual Capacity Payment 2 Start up TPP Maranhão IV+V (Parnaíba) 1 676 450 R$ 278 million 2013 MPX Parnaíba (Free Market) 1 338 230 R$ 203 million 2014 TPP Maranhão III (Parnaíba) 1 517 450 R$ 233 million 2014 Total 1,531 1,130 R$ 714 million

9. With a total licensed capacity of 3.7 GW, Parnaíba will be an important growth platform for MPX in coming years MPX (70%) + Petra (30%) Complete integration of natural gas E&P to power generation Total licensed capacity of 3,722 MW. Power plants strategically located - easy access to gas supply and inexpensive connection to the grid Parnaíba Thermoelectric Power Complex .

10. MPX will also have an additional cash flows from gas E&P business, integrated to the power generation complex . Declaration of commerciality of two fields (Gavião Real & Gavião Azul) already submitted to ANP Initial production expected in 2H12 Low capital and operating costs Total Capex of US$ 450 M for production of 5.7 M m³per day in 2013 Low operating field life cost of less than US$ 0.30/1,000ft 3 on average Second seismic crew contracted to work on the southern blocks 2 rigs operating and an additional one already leased Paranaíba Complex

11. Parnaíba Basin Drilling Campaign Update . Well Block Accumulation Rig Net Pay Status 1 OGX-16 PN-T-68 California QG-1 Devonian: Gas shows, 23m & 25m (column) Concluded 2 OGX-22 PN-T-68 Fazenda São José QG-1 Upper Devonian: 49m Lower Devonian: 47m Concluded 3 OGX-34 PN-T-68 Bom Jesus QG-1 Devonian: 23m Concluded 4 OGX-38 PN-T-68 Fazenda São José BCH-05 Devonian: 43m Concluded 5 OGX-46D PN-T-68 California – D QG-1 Devonian:15m Concluded 6 OGX-51DP PN-T-68 California – 2DP QG-1 Devonian: 8m Concluded 7 OGX-49 PN-T-68 Fazenda São José BCH-05 - Concluded 8 OGX-57 PN-T-68 Fazenda São José - 2 QG-1 - Concluded 9 OGX-59 PN-T-49 Fazenda Torrão BCH-05 Devonian: 9m Concluded 10 OGX-66 PN-T-67 Angical BCH-05 - Concluded 11 GVRX-1D PN-T-68 Gavião Real QG-1 In progress since 9/05

12. In Colombia, MPX is also developing a world-class coal company (CCX) Unique and privileged geology: Large and continuous coal package Potential mineable tons to support a 35 Mtpa production Fully-integrated logistics with more competitive costs Heavy-haul 150km railway: flat route, parallel to existing road Dedicated port: 20-meter draft 3km from the coast .

13. With an extensive drilling campaign ongoing to evaluate underground potential resources . 7 large capacity drill rigs on site Currently, 13 coal seams identified for longwall production with seam thickness of ≥ 1.5m

14. MPX is also planning 2D seismic in additional areas to guide expansion plans . 2D SEISMIC Total: 390.78 Km

15. MPX will be an important player in the growing seaborne market . Source: Wood Mackenzie Coal Market Service (Update June 2011) The ongoing industrialization of emerging Asian economies, especially India and China, will maintain the thermal coal demand at high levels

16. And will also supply guarantee reliable supply to its own power plants in Brazil and in Chile . Up to 5.8 MMtpa of coal Up to 6.5 MMtpa of coal Energia Pecém: 1.3 Mmtpa Itaqui: 0.7 MMtpa Pecém II: 0.7 MMtpa Açu: 3.8 MMtpa Assuming an average dispatch rate of 65% for Energia Pecém, Pecém II e Itaqui; 70% for Açu plant and 100% for Castilla plant.

17. MPX Castilla is the largest licensed greenfield power plant in Chile Integrated Project: Power Plant + Deep-Water Port + Desalination Plant SIC: Central Interconnected System (90% of GDP & 92% of population) Port concession and environmental license granted Power plant capacity: 6 x 350 MW = 2,100 MW Desalination plant capacity: 740 l/s Synergy with CCX: Reliability of coal supply MPX Castilla: license for 2,100 MW .

18. Strategically located in a region with significant pent-up demand for energy and water . Potential demand from miners surpasses 1,500 MW Mining Project MW Region Start-up Ore Developer Casale 266 Atacama 2015 Au - Relincho 230 Atacama 2017 Cu - Xstrata el Morro 170 Atacama 2015 Cu - Caserones 150 Atacama 2013 Cu Endesa Pascua Lama 115 Atacama 2013 Au Guacolda MMX 100 Atacama 2014 H - Marte Lobo 82 Atacama 2015 Cu - Enami Delta Pan de Azucar 7 Coquimbo 2012 Cu - Codelco Ventanas 70 Valparaiso 2014 Cu Gener Expansión Andina 20 Valparaiso 2014 Cu Colbun Tres Valle 14 Valparaiso 2012 Cu Pacific Hydro Expansión El Soldado 11 Valparaiso 2012 Cu Colbun Los Bronces 95 Metropolitana 2012 Cu Colbun Codelco Teniente (Nuevo Nivel) 200 O´Higgiins 2015 Cu Colbun

19. MPX Açu is a licensed 5.4 GW greenfield generation complex in Southeastern Brazil Total capacity of 5,400 MW Imported Coal: 2,100 MW Natural Gas: 3,300 MW Close to natural gas accumulations discovered in the Campos Basin The industries located within the Superport will benefit from auto production sharing, which at current prices represents a reduction in energy costs by approximately 30% Located in one of the most important port-industrial complexes in Latin America .

20. Close to natural gas accumulations discovered in the Campos Basin Oil Companies: Campos Basin 85% of Brazil’s Oil Production .

21. In the South of Brazil, MPX Sul and MPX Seival add up to 1.3 GW Seival Mine: Partnership 70/30: MPX / Copelmi Operating License granted 152 MM tons in proven reserves 459 MM tons in total resources MPX Sul and MPX Seival: Capacity: 727 MW + 600 MW Coal consumption: 1 ton/ MWh Licenses Granted Synergies between the two projects . Located in a region with limited hydro potential

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