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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 Preemptive Rights: According to calculations made by Ita
Corretora de Valores S.A., depositary institution of the shares issued by the Company, 118,709,299
(one hundred and eighteen million, seven hundred and nine thousand, two hundred and ninety
nine) new ordinary shares were subscribed between May 14, 2014 (inclusive) and June 30, 2014
("Initial Subscription Period") at an issue price of R$1.27 (one Real and twenty-seven cents) per
share, totaling R$ 150,760,809.73 (one hundred and fifty million, seven hundred and sixty
thousand, eight hundred and nine reais and seventy three cents), equivalent to 47.63% (forty seven
point sixty three per cent) of the approved private capital increase, leaving 130,503,299 (one
hundred and thirty million, five hundred and three thousand and two hundred and ninety nine)
ordinary shares unsubscribed.

Among the shareholders who share the corporate control of the Company's, DD Brazil Holdings
S..rl ("E.ON") exercised all of its preemptive subscription rights during the Initial Subscription
Period and subscribed 94,456,108 (ninety four, four hundred and fifty-six thousand, one hundred
and eight) shares, equivalent to R$120 million, and Mr. Eike Batista did neither exercise nor
negotiated its preemptive subscription rights.

II. First Additional 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 04, 2014 (inclusive) and ending on July 08, 2014 ("First Additional Subscription
Period"), by executing new subscription commitments.

(b) The ratio for subscription of new shares will be 5.38123516 share for each share subscribed
during the Initial Subscription Period.

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

III. Second Additional Subscription Period for Unsubscribed Shares:
(a) After the end of the First Additional Subscription Period, and after the custodian bank informs
the Company the number of shares subscribed during the First Additional Subscription Period, if
there are still remnants of unsubscribed shares, shareholders who have expressed interest in
unsubscribed shares in the respective subscription commitments during the First Additional
Subscription Period, will have a three (3) days period, counted as from the first business day
following the date of the Notice to Shareholders informing the number of shares that remain
unsubscribed after the First Additional Subscription Period, to subscribe for such unsubscribed
shares, by executing new subscription commitments ("Second Subscription Period").

(b) The Second Subscription Period is estimated to commence on July 14, 2014 (inclusive) and to
terminate on July 16, 2014 (inclusive).

(c) Additional information about Second Additional Subscription Period will be disclosed by the
Company after the First Additional Subscription Period.

IV. Proceedings for the Subscription: The subscription rights shall be exercised from July 04,
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

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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 02, 2014


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