1. MPX CORPORATE PRESENTATION

2. DISCLAIMERThe material that follows is a presentation of general background information about MPX Energia S.A. and its subsidiaries (collectively, MPXor the Company ) as of the date of the presentation. It is information in summary form and does not purport to be complete. Norepresentation or warranty, express or implied, is made concerning, and no reliance should be placed on, the accuracy, fairness, orcompleteness of this information.This presentation may contain certain forward-looking statements and information relating to MPX that reflect the current views and/orexpectations of the Company and its management with respect to its performance, business and future events. Forward looking statementsinclude, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, andmay contain words like may, plan, believe, anticipate, expect, envisages, will likely result, or any other words or phrases of similarmeaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of importantfactors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in thispresentation. In no event, neither the Company, any of its affiliates, directors, officers, agents or employees nor any of the placementagents shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance onthe 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 shouldconsult their own advisors in this regard.The market and competitive position data, including market forecasts, used throughout this presentation were obtained from internalsurveys, market research, publicly available information and industry publications. Although we have no reason to believe that any of thisinformation or these reports are inaccurate in any material respect, we have not independently verified the competitive position, marketshare, market size, market growth or other data provided by third parties or by industry or other publications. MPX, the placement agentsand 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 partwithout MPXs prior written consent. 2 3. 1MPX AT A GLANCE 4. A PROVEN RECORD OF ACHIEVEMENT20122011The First Five Years TPP Parnaba licensed MPX/E.ON partnership capacity increased to Drawdown of bridge- 3,722 MW loans totaling R$ 1.6 Power supply billion for natural 2010contracts secured for gas production and 1,193 MW and MPX Colombia 1stpower generation in construction works atTechnical Report:the Parnaba Basin2009coal resources of TPP Parnaba begin Spin-off of144 MM tons D&M estimates for2008 Construction works risked resources in Colombian coal at TPPs Itaqui and License granted for assets to a new First acquisition of the Parnaba basin Pecm II begin TPP Parnaiba company listed at2007 mining rights in(1,863 MW) amount to over 11Tcf the BM&FBOVESPA Colombia Acquisition of Declaration of IPO: US$ 1.1 interest in 7 onshore Initiation of drillingcommerciality for 2 Acquisition ofbillion raised 365 MW contracted in exploratory blocks incampaign in thegas fields with Greenfield Wind the A-5 Auction 1,080 MW the Parnaba basin Parnaba basin estimated productionProjects in Northeastcontracted in the Construction works atof 6 MM m3/dayBrazil (1,200 MW)A-5 AuctionTPP Pecm I begin 4 5. A DIVERSIFIED ENERGY COMPANY Largest Portfolio Of Integrated Projects In South AmericaPower Generation Amapari Energia Power agreements secured for 3.0 GW 23 MWItaqui TPP360 MW Environmental license for an additionalExploratory blocks Energia Pecm11 GW 11,3 Tcf GN 720 MW Parnaba TPPUTE Pecm II 1.531 MW365 MW Joint-Venture with leading global player Parnaba TPP 2.191 MWVentos Wind Complex E.ON AG600 MW + 600 MWSolar Tau1 MWNatural ResourcesAu TPP Natural Gas: >11 Tcf of risked resources2,100 MW CoalCastilla TPP2.100 MW3,300 MW Natural Gasin the Parnaiba BasinDesalinationSeival mine PlantSul TPP740 l/s 727 MW Seival TPP 600 MWMPXJV 5 6. MPX OWNERSHIP STRUCTUREEIKE Free Float BATISTA 53.9% 34.3%11.7% 50% 50% MPX- E.ON JV50/50 100% 100% 50% 50% 100%Contracted Greenfield Supply &NewNaturalRenewablesPower ThermalTradingProjects ResourcesGeneration Generation Energia PecmSeival Parnaba TPPTau Solar (360 MW)(1,534 MW)(5 MW) Pecm II OGX Maranho Au Natural Greenfield (365 MW)Gas (3,300 MW)Wind ItaquiAu CoalDevelopments (360 MW)(2,100 MW)(1,200 MW) Parnaba TPPCastilla - Coal (1,087 MW)(2,100 MW) Amapari Sul and Seival - (12 MW) Coal (1,327 MW) 6 7. EXPERIENCED MANAGEMENT TEAM TO EXECUTE ONSTRATEGIC VISION Over 22 years of experience in a wide range of M&A and corporate finance transactions related to the naturalEduardo Karrer resources, electricity, sanitation and logistics sectorsCEO & IRO CEO at El Paso Brasil Ltda.and Rio Polmeros S.A.. Executive manager for the Gas&Energy and International Markets divisions at Petrobrs Over 25 years of experience in the financial area at multinational corporationsRudolph Ihns CFO at MMX Minerao e Metlicos S.A.CFO CFO at Unisys in Brazil and Germany Former National Secretary for EnergyXisto Vieira Filho Coordinator of the Subcommittees for Electricity Studies of the Interconnected System and Secretary of NationalOfficer for Regulatory Energy Policy Committee of BrazilAffairs & Chairman of the Board of Directors of CHESF and Eletrosul and Board member of Eletrobrs, Furnas, Cepel andCommercializationGrupo Rede Former president of the National Committee of Cigr (Conference Internationale des Grand Rseaux lectriques) Over 20 years of experience in operations at multinational corporationsMarcus BerndTemke COO at Rio Polmeros S.A.COO Holds an MBA from COPPEAD-UFRJ Partner at Villemor Amaral Advogados (2002-2004) and Tozzini, Freire & Silva Advogados (2001-2002)Bruno Chevalier General Counsel at MMX Minerao e Metlicos S.A.General Counsel Legal Director at General Motors Corp. in Lisbon and Delphi Automotive Systems 7 8. 2INVESTMENT CONSIDERATIONS 9. INVESTMENT CONSIDERATIONS Exposure to Brazils growing energy demand Tax-advantaged thermal power plants coming on-line in 2012 Attractive monetization of natural gas resources Robust pipeline of thermal projects to meet Brazils need for a more reliable electric system Joint-venture with E.ON to develop strong portfolio of energy assets while unlocking value of Colombian coal assets Experienced management team to execute on strategic vision 9 10. 3EXPOSURE TO BRAZILS GROWINGENERGY DEMAND 11. BRAZIL WILL NEED ADDITIONAL 10 AVG GW FROM 2015-2019 Power Supply/Demand Energy Deficit starting in 2015 = Investment Opportunities Energy Load (forecast) Firm Energy2015-on: new generation required10 GW avg required from 2015 to 2019Source: ANEEL11 12. BRAZIL NEEDS NEW THERMAL CAPACITY TOINCREASE SUPPLY RELIABILITY Water storage capacity has stagnated, leading to decreased system autonomyStorage Capacity (Southeast)Autonomy = [Storage Capacity / (Load Thermal Generation)]ActualReservoirAutonomy:~ 5 monthsStoragecapacity stagnation2001: EnergyDeficit(load reduction)1Storage Capacity (SIN):Southeast = 69%Northeast = 19% New thermal plants are necessary to guaranteeSouth = 7% North = 5%a reliable power supply.Source: ONS 12 13. TRANSMISSION DELAYS REINFORCE THEIMPORTANCE OF THERMAL PLANTS Transmission expansion delays will affect reliability of energy supply: greater need for thermal plantes located close to power consumption centers Average delay = 1.2 year 103 delays of up to 1 year 100 delays greater than 1 yearSource: ANEEL13 14. 4TAX-ADVANTAGED THERMAL POWER PLANTSCOMING ON-LINE STARTING IN 2012 15. POWER AGREEMENTS SECURED FOR 3.0 GWMinimum guaranteed revenues will reach R$ 1.4 billion in 2015TOTAL ADJUSTEDENERGY SOLDANNUAL CAPACITYPPA CAPACITY CAPACITY FUEL SOURCE (AVG MW) PAYMENT3PERIOD (MW) (MW) Pecm I720 360 615 R$ 278 millionCoal 2012-2027 Itaqui 360 360 315 R$ 294 millionCoal 2012-2027 Pecm II 365 365 276 R$ 264 millionCoal 2013-2028 Parnaba I 676 473 450 R$ 289 millionNatural Gas2013-2028 Parnaba II517 362 450 R$ 242 millionNatural Gas2014-2034 Parnaba (Free Market) 338 237 200 R$ 188 millionNatural Gas2019-2029 Total2,976 2,157 2,306 R$ 1,555 millionAdjusted Capacity/Annual Capacity Payment: Figures adjusted for MPXs ownership in each projectNotes: 1. Pecm I is a partnership between MPX (50%) and EDP Brasil (50%); 2. Parnaba is a partnership between MPX (70%) and Petra (30%); 3. Capacity Payments are escalatedannually by the IPCA inflation index (Figures as of June, 2012). 4. Total Capacity: Does not include Amapari TPP and Taua Solar Plant.15 16. STEADY AND PREDICTABLE CASH FLOWS 3 Installed Capacity (MW) Minimum Guaranteed Gross Revenues (MM) 1,9201,367 1,305 1,558 1,1257201552012 2013201420122013 2014 2015 Pecm I1Parnaba2 I Itaqui Parnaba2 II Pecm IIFigures adjusted considering MPXs interest in each projectNotes: 1. Pecm I is a partnership between MPX (50%) and EDP (50%); 2. Parnaba I & II are partnerships between MPX (70%) and Petra (30%); 3. Capacity Payments are escalated annuallyby the IPCA inflation index (Figures as June, 2012);16 17. 5 POWER PLANTSCOAL 18. TAKEOVER OF CONSTRUCTION WORKSMore effective management of Pecm and Itaqui TPPsIn July 2012, MPX and EDP announced the joint acquisition of MABE, the EPC consortium formedby Tecnimont and Efacec to build the Pecm and Itaqui TPPsAs part of the agreement: Tecnimont and Efacec injected R$421MM at MABE, relinquished the R$185MM cash retention withheld by the projects and paid in full all liabilities preceding Apr 30, 2012 Performance guarantees remained unchanged Contractor pending claims and legal actions were eliminated PECM IPECM IIITAQUI TOTAL Cash injection at MABE196110115 421 Cash retention relinquished 100 47 38 185 Performance guarantees200104107 411 Guarantees for claims and contingencies 8342 41 16618 19. MILESTONES LEADING TO COMMERCIAL OPERATIONSCoal Plants Under ConstructionPecm I: Unit #1 Repair turbine rotor bearings and machine turbine rotorCapacity Ramp-up (MW)journals. Restart unit > first synchronization > electrical load tests > DCO. 1,445Itaqui 365Steam blowing > reinstatement > by-pass operation >1,080steam to turbine > electrical tests > first synchronization >electrical load tests > DCO. 360Pecm I: Unit #2 360Cold commissioning > first fire > steam blowing >reinstatement > by-pass operation > steam to turbine >electrical tests > first synchronization > electrical load tests 360> DCO. 3Q12 4Q12 1Q13 Pecm IIConstruction completion > cold commissioning > first fire >Pecm I #1 Pecm I #2 Itaqui Pecm II steam blowing > reinstatement > by-pass operation >steam to turbine > electrical tests > first synchronization >electrical load tests > DCO.19 20. PECM I & IIOverview 20 21. PECM I & IIOverview 21 22. ITAQUIOverview 22 23. ITAQUIOverview 23 24. 6 POWER PLANTS AND TREATMENTGASUNIT 25. TPP PARNABA I (676 MW) & II (517 MW) Execution highlightsEPC contracts with Duro Felguera (Parnaba I)and Initec Energia (Parnaba II) Partnership with GE ensures timely equipment supply Electromechanical construction of 5 out of the 7 gas turbines completed 5 turbines on-site and 2 additional (Parnaba II) to be shipped to Brazil by the end of 3Q12R$ 1,375 million in bridge-loans disbursed tofund Parnaa I & II.25 26. MPX OWNS 23% OF A UNIQUE ONSHORE NATURAL GAS PORTFOLIO Ownership Structure:OGX MaranhoBlocksTotal area:24,500 km 2 commercial production fields under development: Gavio Real and Gavio Azul Prospective risked resources surpass 11 Tcf (2.0 bi boe) 5 drill-rigs in operation 3 seismic crews in the region Exploratory campaign has identified 4 accumulations and over 20 prospects Drill-stem test in well OGX-88 (Bom Jesus) concluded with 36 meters of net pay, supporting future development 26 27. GAS PRODUCTION IS PLANNED TO START IN 2H12Initial production of 6 MM m3/day will supply Parnaba I & II TPPsOn schedule to start production atGavio Real in Jan, 2013 Estimated capacity in 2013: 6 MM m/day(212 MM ft) 15 production wells already drilled Commissioning of Gas Treatment Unitexpected in 4Q12Competitive costs: Average operating cost: US$ 0.30/1,000ftR$ 600 million bridge-loan to fundproduction development disbursed inJanuary 2012 27 28. ATTRACTIVE OPPORTUNITIES TO MONETIZE ADDITIONAL PRODUCTION Efficient Integration of Natural Gas Resources with Energy ProductionThermal power plant located at< 2km from gas fields 2.2 GW licensed and stilluncontracted could demand further11 MM m3/day Inexpensive connection to theelectrical gridLimited competition in naturalgasTax-advantaged region canattract industrial investmentswith gas is available 28 29. 7JOINT-VENTURE WITH E.ON TO DEVELOPROBUST PIPELINE OF THERMAL PROJECTS 30. CREATING VALUE THROUGH JOINT-VENTURE WITH E.ON Leveraging Strong Complementary Capabilities to Enhance GrowthMPX and E.ON AG* recently formed a 50/50 joint-venture to develop a strong portfolio of energyassets in Brazil and ChileE.ON has committed to support MPXs investment needs at the JV, at E.ONs cost of equity inBrazil, to expedite the development of the power generation projects of the JVMPX raised R$1.0 billion through a capital increase E.ON acquired a 11.7% equity interest in MPX E.ONs participation in MPX shall be adjusted according to put/call option arrangements between Mr.Eike Batista and E.ON to reach 10% (*) E.ON has one of the broadest and most diverse power and gas asset bases in Europe. Installed Capacity: 69 GW 2011 Traded Volumes: 2,000 billion kWh of power / 2,500 billion kWh of gas / 600 million tons of carbon / 300 million tons of coal 2011 Figures : Cash Position: EUR 6,610 million / Total assets: EUR 152,872 million / Sales: EUR 112,954 million30 31. MPX E.ON JOINT VENTURE 50% 50%MPX- E.ON JV 50/50 50%100% 100%100% GreenfieldThermalSupply & RenewablesNew Projects Generation Trading11GW in greenfield licensedthermal capacity 1.2 GW in greenfield winddevelopments31 32. FUTURE GROWTH OPPORTUNITIESMPX is positioned for leadership in the Brazilian and Chileanenergy markets TOTALCURRENT THERMALCAPACITY FUEL SOURCEPIPELINE(MW) Ventos1,200 Wind Parnaba1 2,191Natural Gas Au 3,300Natural Gas Au 2,100 CoalCastilla (Chile) 2,100 Coal Sul and Seival1,327 CoalTotal 12,2181 Parnaba - partnership between MPX (70%) and Petra (30%)32 33. VENTOS: A 1,200 MW WIND COMPLEX IN ONE OFBRAZILS BEST WIND RESOURCE AREASHigh-quality greenfield assets in northeast Brazil Total Capacity: 600 MW + call option on additional 600 MW Joo Estimated Load Factor: 48% (P50) Cmara Location: Rio Grande do Norte, NE BrazilRN Grid connection 30km from Complex All land rights secured 158.7 MW registered for 2012 energy auctions Environmental license granted33 34. CASTILLA: 2.1 GW IN COAL-FIRED CAPACITYIN CHILECastilla is the largest licensed greenfield power plant in the SIC Integrated Project: Power Plant + Deep-Water Port + Desalination Plant SIC: Central Interconnected System (90% of GDP & 92% of population) Located 700 Km North of Santiago Port concession and environmental license granted Power plant capacity: 6 x 350 MW = 2,100 MW Desalination plant capacity: 740 l/s Strategically located in a region with significant pent-up demand for energy and water 34 35. AU: A 5.4 GW GREENFIELD GENERATION COMPLEX3.3 GW in gas-fired + 2.1 GW in coal-fired capacity located inBrazils load center Located in one of the most important port-industrial complex in Latin America Total capacity of 5,400 MW Coal: 2,100 MW Natural Gas: 3,300 MW Located 150km from 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% 35 36. SUL + SEIVAL: 1.3 GW INTEGRATED TO ALIGNITE MINEOpen-pit mine with low mining costs, located adjacent to the powerplants, resulting in competitive fuel costs MPX Sul and MPX Seival: Capacity: 727 MW + 600 MW Fluidized Coal Bed technology Lower emissions resulting from the mixburning of coal and wood chips Seival Mine: Partnership between MPX and Copelmi one of Brazils largest coal miner Operating License granted 152 MM tons in proven reserves and 459MM tons in total resources Located in a region with limited hydro potential and transmission constraints. 36 37. 8FINANCIAL HIGHLIGHTS 38. CONSOLIDATED CASH POSITION Consolidated Cash & Cash Equivalents394.5 78.978.8610.9 178.0 14.8686.4 445.0151.9 1,325.1 1,113.3Cash and CashRevenuesEPC bank OPEX & CAPEX Cash Flow fromDebt E.ON Capital Cash Injection Spin-off*EscrowCash and Cash Equivalentsguarantees & SG&AFinancingDisrbursement Contributionat CCXAccountsEquivalents (1Q12)executed (2Q12) * cash withheld by projects transferred to JV (50%) and CCX (100%) 38 39. CONSOLIDATED DEBTDebt (R$ million)Total Consolidated Gross Debt: R$ 5,103.8 millionShort term: R$ 1,662.2 million R$ 825 million bridge loan to Parnaba I and R$ 325 million toParanba II => to be paid-off with draw down from long-termfinancing expected in 2H2012 With the conclusion of CCXs spin-off, a balance of R$ 422.5 millionin short-term debt was transferred to CCX Debt Maturity Profile* (R$ million)2,803.7Long term: R$ 3,441.6 million Average amortization: 14 years1,113.21,288.8 541.9262.0228.5Average cost of debt: 9.4%Average tenure: 5.6 years Cash & Cash 2012 2013** 20142015 From 2016Equivalentson *Values incorporate principal + capitalized interest + charges and exclude outstanding convertible debentures. ** R$ 258.7 million in 2012 and R$ 1,168.4 million in 2013 of bridge loan to Parnaba, to be paid-off with draw down from long-term financing expected for 2H12. 39 40. For more information, contact:Investor Relations(55 21) 2555-9215 ri.mpx@mpx.com.br