ENEVA S.A.

CNPJ/MF n 04.423.567/0001-21
NIRE 33.3.0028402-8
Publicly Held Corporation

MINUTES OF BOARD OF DIRECTORS MEETING
HELD ON OCTOBER 22
nd
2014

1. DATE, TIME AND PLACE: On October 22
nd
, 2014, at 10:00, at Praia do Flamengo 66,
9th floor, Zip Code 22.210-903, in the City of Rio de Janeiro, State of Rio de Janeiro.

2. CALL AND ATTENDANCE: The Board of Directors meeting was called pursuant to the
bylaws of ENEVA S.A. (Company) and applicable law and attended by the following
members of the Companys Board of Directors: Mrs. Jrgen Kildahl, Keith Plowman, Stein
Dale, Adriano Castello Branco Gonalves, Luiz Fernando Vendramini Fleury and Luiz do
Amaral de Frana Pereira.

3. CHAIR: After the availability of the members of the Companys Board of Directors was
confirmed, Mr. Jrgen Kildahl, as Chairman, designated Mr. Rodrigo Beraldo to carry out the
duties of secretary.

4. AGENDA: Deliberate on the ratification of (i) the granting of corporate guarantee by the
Company, jointly with Parnaba I Gerao de Energia S.A., new corporate name of UTE
Parnaba Gerao de Energia S.A. (Parnaba I), as issuer, and Petra Energia S.A. (Petra),
as co-guarantor, under the CCB n 100111120018300 issued by Parnaba I in favor of Ita
Unibanco S.A., successor of Banco Ita BBA S.A. (Ita Unibanco), on 12/26/2011, as
amended (CCB Ita Unibanco); (ii) the granting of guarantee by the Company, as joint
debtor, under the letters of guarantee n 100410120059500/100410120059700, n
100410100063800/100410100063900, n 100410100070000, n 100411020063000 and n
100411040069300, executed between Pecm II Gerao de Energia S.A. (Pecm II), as
contractor and secured, and Ita Unibanco, as guarantor, in favor of Banco Nacional de
Desenvolvimento Econmico e Social BNDES (BNDES), as amended (Letters of
Guarantee Ita Unibanco); and (iii) the approval of the granting of corporate guarantee by
the Company and the granting of guarantee by the Company, as a joint debtor, respectively
under any future amendments, to CCB Ita Unibanco and to Letters of Guarantee Ita
Unibanco.

5. DISCUSSIONS: The members of the Board of Directors decided to, by unanimous
decision and without any reservations:

(i) Ratify the granting of corporate guarantee by the Company under CCB Ita Unibanco
and its amendments;


(ii) Ratify the granting of guarantee by the Company, as joint debtor, under the Letters
of Guarantee Ita Unibanco and its amendments; and

(iii) Authorize the granting/maintenance of corporate guarantee by the Company and the
granting/maintenance of guarantee by the Company, exclusively as a joint debtor,
respectively under any future amendments, regardless of its nature, to CCB Ita Unibanco
and to Letters of Guarantee Ita Unibanco.

6. CLOSING AND RECORDING: At 11:00, as there was nothing further to be discussed,
the meeting was closed and these minutes were recorded, read and approved by all in
attendance.

-This is a true and correct copy of the Minutes of the Meeting of the Board of Directors of
ENEVA S.A., held on October 22
nd
, 2014, at 10:00, recorded in the relevant corporate book
and signed by the members of the Board of Directors of the Company-

Rio de Janeiro, October 22
nd
, 2014.

______________________
Rodrigo Beraldo
Secretary