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ALL DEPOSITORIES, NOMINEES, BROKERS AND OTHERS:

PLEASE FACILITATE THE TRANSMISSION OF THIS NOTICE


TO ALL BENEFICIAL OWNERS. ADDITIONAL COPIES OF
THIS NOTICE ARE AVAILABLE FOR THIS PURPOSE UPON
REQUEST AT THE ADDRESS SET FORTH BELOW.

NOTICE OF DEFAULT
TO THE HOLDERS OF
$650,000,000 8.50% Senior Notes Due 2018
of
C.A. LA ELECTRICIDAD DE CARACAS (WITH NATIONAL ELECTRICITY
CORPORATION, S.A. (CORPOELEC) AS SUCCESSOR BY MERGER)

Common Code 035652116


ISIN No. XS03565211601

THIS NOTICE CONTAINS IMPORTANT INFORMATION THAT IS OF INTEREST TO THE REGISTERED AND
BENEFICIAL OWNERS OF THE SUBJECT SECURITIES. IF APPLICABLE, ALL DEPOSITORIES,
CUSTODIANS, AND OTHER INTERMEDIARIES RECEIVING THIS NOTICE ARE REQUESTED TO EXPEDITE
RE-TRANSMITTAL TO BENEFICIAL OWNERS OF THE SECURITIES IN A TIMELY MANNER.

Wilmington Trust, National Association is communicating the following to you in its capacity as
successor trustee (the Trustee) to The Bank of New York, as trustee, under the Indenture dated as of
April 10, 2008 (the Indenture) for the $650,000,000 8.50% Senior Notes due 2018 (the Notes) of
C.A. La Electricidad de Caracas (the Issuer). In a letter to the Trustee and various other parties dated
November 30, 2012, National Electricity Corporation, S.A. (CORPOELEC) advised that it is the
successor by merger to the Issuer. Capitalized terms used herein but not defined herein shall have the
respective meanings set forth in the Indenture.

Please be advised that the Paying Agent with respect to the Notes has advised the Trustee that the
payment of interest on the Notes that was due on October 10, 2017 was not received by the Paying Agent.
The Issuers failure to pay interest on the Notes when due on October 10, 2017 constitutes a Default
under the Indenture. The Paying Agent has further notified the Trustee that the interest payment was not
received by November 9, 2017. The Issuers failure to pay the overdue interest on the Notes on or before
November 9, 2017 constitutes an Event of Default under Section 5.1(ii) of the Indenture. Pursuant to
Section 5.1(b) of the Indenture, if an Event of Default shall occur and be continuing and has not been
waived, the Holders of at least 25% in principal amount of Outstanding Notes may declare the principal
of, and premium, if any, accrued interest and Additional Amounts, if any, on all the Notes to be due and
payable by notice in writing to the Issuer and the Trustee specifying the Event of Default and that such
notice is a notice of acceleration, and the same shall become immediately due and payable.

1
No representation is made as to the accuracy of such numbers, either as printed on the Notes or as contained in this notice.
Pursuant to Section 5.1(m) of the Indenture, the Holders of more than 50% in aggregate principal
amount of the Outstanding Notes shall have the right to direct the Trustee as to the time, method, and
place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or
power conferred on the Trustee, with respect to the Notes. Pursuant to Section 7.1(b)(F) of the Indenture,
the Trustee is under no obligation to expend or risk its own funds or otherwise incur any financial liability
in the performance of any of its duties or in the exercise of any of its rights or powers if it has reasonable
grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is
not reasonably assured to it. You are hereby notified that the Trustee will take no further action under
the Indenture, except in its sole and absolute discretion, without direction and indemnity, satisfactory
to the Trustee, from the Required Holders of the Notes.

Holders of the Notes who wish to communicate with the Trustee or did not receive a copy of this
communication directly from the Trustee and who wish to receive further communications at an address
other than the address to which this notice was delivered should contact the Trustee in writing at the
following address:

Wilmington Trust, National Association, as Trustee


Attn: John T. Needham, Jr.
1100 North Market Street
Wilmington, Delaware 19890-1615

This notice is provided for informational purposes only. The Trustee gives no legal, financial or
tax advice regarding the Notes or the matters described herein. Holders of the Notes should consult their
own professionals regarding the Notes.

Dated: November 10, 2017 By: WILMINGTON TRUST, NATIONAL


ASSOCIATION, as Trustee

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