Corporate Presentation

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.

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Disclaimer

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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

MPX: a diversified energy company with the largest portfolio of integrated projects in South America

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

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Steady and predictable cash flows from fully contracted power generation plants

Figures adjusted considering MPX’s stake in each project

Notes: 1. Energia Pecém is a 50/50 partnership between MPX and EDP; 2. Parnaíba TPP is a 70/30 partnership between MPX and Petra; 3. Capacity Payments are escalated

annually by the IPCA inflation index (Figures as May, 2011).

CAGR: 73%

Minimum Guaranteed Gross Revenues3

Installed Capacity

R$ 544 MM

R$ 1,526 MMCAGR: 4

3%

720 MW

1,561 MW

2,145 MW

Energia Pecém1

MPX Itaqui

MPX Pecém II

MPX Parnaíba2 (Bertin + Free Market )MPX Parnaíba2 (A-3 Auction)

R$ 1,585 MM

R$ 1,101 MM

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

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With the acquisition of the Bertin projects, MPXwill kick off the Parnaiba Thermoelectric Complex

– Starting with 4 turbines in open cycle (Bertin: 676 MW) migrating into a combined cycle, increasing total capacity, with the same gas consumption, adding 338 MW installed capacity

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And in 2014, will reach a total capacity of 1,5 GW

500 MW capacity contracted in the 2011 Y-3 Energy Auction and 230 average

MW sold in the Free Market

Capacity

(MW)Energy sold (avg MW)

Annual Capacity Payment 3 Start up

MPX Parnaíba (Bertin) 1 676 450 R$ 392.9 million 2013

MPX Parnaíba

(Free Market) 1,2338 230 R$ 285.0 million 2013

MPX Parnaíba

(Y-3 Auction) 1500 450 R$ 327.8 million 2014

Total 1,514 1,130 R$ 1.0 billion

1. Parnaíba TPP is a 70/30 partnership between MPX and Petra; 2.In 2013 starts 30 average MW in the Free Market and the remain portion in 2014.; 3. Capacity Payments are escalated annually by the IPCA inflation index (Figures as May, 2011).

Integrated gas supply = monetization of MPX’s 23% stake in the E&P

business in the Parnaíba Basin

MPX will also have an additional cash flows from gas E&P business, integrated to the power generation complex

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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$

0.30/1,000ft3 on average

10 wells drilled to date with more than 75% success

rate

Second seismic crew contracted to work on the

southern blocks

Recently approved leasing agreement of 2 additional

rigs

Paranaíba Complex

Project 1 1st gas: 2H1223 production

wells

Gavião Real

Gavião Azul

Parnaíba Basin Drilling Campaign Update

Well Block Accumulation Rig Net Pay Status

1 OGX-16 PN-T-68 California QG-1Devonian: Gas shows, 23m &

25m (column)Concluded

2 OGX-22 PN-T-68 Fazenda São José QG-1Upper 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 GVRX-1D PN-T-68 Gavião Real QG-1 In progress since 9/05

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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

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PROJECTSITE

PORTSITE

PROPOSED150KM RAIL

In Colombia, MPX is also developing a world-class coal company (CCX)

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With an extensive Drilling Campaign Ongoing to evaluate underground potential resources

11

2KM

47m

40m

45m

15m

13m

0mshallow hole (341)

30m

78m

0(gas)993m drilled

13m11m

0mshallow hole (681)

4mshallow hole (573m)

MPX CanaveralesNature Reserve

45m

50m

12m+ ongoing

5m

CanaveralesMine

7mshallow hole (620m)

21mshallow hole (467m)

2011 POSITIVE

2009 POSITIVE

2009 NEGATIVE

2011 PLANNED

2D-SEISMIC (2009)

September

October

November

December

5 large capacity drill rigs

on site

12,000m drilled to-date

Currently, 13 coal seams

identified for longwall

production with seam

thickness of ≥ 1.5m

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In parallel, MPX is carrying out a large, high-resolution 3D Seismic program

Seis

mic

Reg

istr

y

com

plet

ed

Registry underway

Zipper 1Zipper 2+3

Cañaveralesmine

Extensive seismic program

to optimize drilling

operation utilizing state-

of-the-art technology

1,200km of seismic lines

covering an area of 10 x

10km

Data acquired in 47% of

the area – interpretation in

process

Early indications confirm

overall flat-lying structure

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MPX is also planning 2D seismic in additional areas to guide expansion plans

2D SEISMIC Total: 390.78 Km

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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.

MPX will supply its own power plants in Brazil and Chile and will be an important player in the growing seaborne market

–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 MPX Castilla: license for 2,100 MW

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MPX Castilla is the largest licensed greenfield power plant in Chile

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Potential demand from miners surpasses 1,500 MW

Mining Project MW RegionStart-

upOre 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 95Metropolitan

a 2012 Cu Colbun

Codelco Teniente (Nuevo Nivel)

200 O´Higgiins 2015 Cu Colbun

Strategically located in a region with significant pent-up demand for energy and water

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

Located in one of the most important port-industrial complexes in Latin

America

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MPX Açu is a licensed 5.4 GW greenfield generation complex in Southeastern Brazil

Oil Companies:

Campos Basin

85% of Brazil’s Oil Production

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Close to natural gas accumulations discovered in the Campos Basin

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

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Located in a region with limited hydro potential

In the South of Brazil, MPX Sul and MPX Seival add up to 1.3 GW

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