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Page 1: MPX Presentation

AUGUST, 2011

Page 2: MPX 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– 1.9 GW with power agreements secured– Environmental license for > 12 GW

Natural Resources– Natural Gas: > 11 Tcf of risked

resources in the Parnaiba Basin– Coal: 35 Mtpa production target in a

privileged logistics location

arnaíba (3.7 GW)

astilla (2.1 GW)

çu (5.4 GW)

ul & Seival (1.3 GW)

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

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Starting in 2012, MPX will have steady and predictable cash flows

Notes: 1. Energia Pecém is a 50/50 partnership between MPX and Edp; 2. Capacity Payments are escalated annually by the IPCA inflation index (Figures as May, 2011); 3. Parnaíba TPP is a 70/30 partnership between MPX and Petra.

CAGR: 63%

Annual Capacity Payments2Installed Capacity

R$ 544 MM

R$ 1,241 MMCAGR: 34%

720 MW

1,561 MW

1,910 MW

Energia Pecém 1

MPX ItaquiMPX Pecém II

MPX Parnaíba 3 (Bertin)MPX Parnaíba 3 (A-3 Auction)

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R$ 1,300 MM

R$ 1,070 MM

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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

– Integrated gas supply – monetization of MPX’s 23% stake in the E&P business in the Parnaíba Basin

Parnaiba Thermoelectric Power Complex

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Acquisition of the Bertin Power Contracts

– 676 MW total installed capacity

– 450 avg MW sold in the 2008 A-5 Auction - guaranteed annual capacity payment of R$ 392.9 million starting in January, 2013 (as May, 2011)

Contracts will be supplied by the Parnaiba Power Complex

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

Page 6: MPX Presentation

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Bertin: 676 MW (open cycle)

+338 MW to be sold in Free or Reg. Markets (combined

cycle)

Starting with 4 turbines in open cycle with an option to migrate to combined cycle, increasing total capacity with the same gas consumption

Page 7: MPX Presentation

In 2014, the 499 MW capacity contracted in the 2011 A-3 Energy Auction starts up and Parnaíba ramps up to 1,175 MW

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Capacity contracted in the A-3 Energy Auction: 499 MW (combined cycle) 499 MW total capacity installed

Start up in 2014

450 avg MW sold in the 2011 A-3 Auction, with guaranteed annual capacity payments of R$327.8 million

Page 8: MPX Presentation

MPX will have additional cash flows from the gas E&P business as the 7 onshore blocks will supply 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

7 wells drilled to date with 100% success rate Second seismic crew contracted to work on the southern

blocks Recently approved leasing agreement of 2 additional rigs

Paraníba Complex

Project 1 1st gas: 2H1223 production

wells

Gavião Real

Gavião Azul

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Página . 9

In Colombia, drilling is ongoing to assess underground potential

9

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 POSITIVE2009 POSITIVE2009 NEGATIVE

2011 PLANNED

2D-SEISMIC (2009)

SeptemberOctoberNovemberDecember

5 large capacity drill rigs on site + 3 mobilizing to start drilling in Aug

12,000m drilled to-date

Currently, 13 coal seams identified for longwall production with seam thickness of ≥ 1.5m

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Drill Hole

Coal Seams>1.3m

Cumulative Coal Thickness

Intersected To-Date (m)

Predicted Cumulative Coal for SameStratigraphicPosition (m)

Remarks

336 12 46.5 46.1

337 10 40.2 63.5 Duplication of the coal pack by faulting did not occur

338 10 44.5 46.7  

339 5 14.8 24.5 Fault zone

341 11 45.2 30.7  

342 12 49.6 48.5  

343 23 NA NA Ongoing

348 7 NA NA Ongoing

349 0 NA NA Ongoing

360 0 NA NA Ongoing

142 20 77.9 75 Carried out in 2009

149 9+ 30.4+ 33+ Carried out in 2009. Stopped prematurely at 630m

165 3+ 6.6+ 7+ Carried out in 2009. Stopped prematurely at 620m

256 4+ 21.0+ 25+ Carried out in 2009. Stopped prematurely at 467m

Initial results are in line with geological model

Drilling Results as of Aug 13, 2011

Source: MPX

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

Seism

ic Re

gistr

y

com

plet

ed

Registry underway

Zipper 1Zipper 2+3

Cañaveralesmine

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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Page 12: MPX Presentation

Utilizing state-of-the-art technology to optimize the drilling program

Conventional Processing Geomage Multifocusing Processing

Source: Geomage, Case Studies: Northwestern Russia, vinatge date

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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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MPX’s track record shows reliable execution of complex projects delivering high-returns to shareholders

In the past couple of years… Complete integration of natural gas E&P to power generation:

Parnaiba E&P: Declarations of commerciality for 2 gas fields + Development plans to an estimated production of 5.7 million m³/day by 2013, corresponding to a total production of 1.1 Tcf of gas.

Parnaiba Power Generation: 3.7 GW licensed + 1.2 GW contracted

MPX Colombia: Certification of open-pit reserves + Preliminary environmental approval for port location and railroad route obtained + Drilling and seismic underway to certify underground resources

MPX Castilla Generatión, Chile: Environmental license to develop the largest greenfield project in the country (2.1 GW, integrated to a deep water dedicated port).

R$ 1.4 billion raised through convertible debentures: Investment capacity to grow secured

Stock Price Performance 2010-2011 to-date (August 17, 2011):

MPXE3:+ 43.1% vs. Ibovespa: -20.5%

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Appendix

PHOTOS AND 3D MODELS

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Energia Pecém and MPX Pecém II

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Energia Pecém and MPX Pecém II

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Energia Pecém and MPX Pecém II

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MPX Itaqui

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MPX Itaqui

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Cañaveralespit

Cañaveralesvillage

San Juandrilling

Mining site overview

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Longwall Mining

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Stockyard View – 35MTPA

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Port Overview – Berth Model

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Port Overview – Berth Model

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