ENEVA S.A. CNPJ/MF (Taxpayer Registration Number): 04.423.567/0001-21 NIRE (Company Registration Number): 33.3.

0028402-8 Publicly Held Corporation

MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS HELD ON OCTOBER 21st, 2013 1. DATE, TIME AND PLACE: On October 21st, 2013, at 1 p.m., at Praia do Flamengo,

66, 7th floor, Zip Code 22.210-903, in the City of Rio de Janeiro, State of Rio de Janeiro. 2. CALL AND ATTENDANCE: The Meeting was called pursuant to the bylaws of ENEVA

S.A. (Company) and applicable law and attended by the members of the Companys Board of Directors listed at the end of these Minutes. 3. CHAIR: After the presence of all of the Members of the Companys Board of Directors

was verified, Mr. Jrgen Kildahl acted as Chairman and designated Mr. Alexandre Americano to carry out the duties of secretary. 4. AGENDA: Deliberate on the increase of the Company's share capital as a result of

the exercise of stock options granted under the Companys Stock Subscription or Purchase Option Program. 5. RESOLUTIONS: After analyses, discussion and review of the item in the Agenda, the

members of the Board of Directors, unanimously and without reservations, resolved to ratify the increase of the Company's share capital, within the limit of the Companys authorized capital, in the amount of R$40,097.70 (forty thousand, ninety seven Reais and seventy Centavos), with the issuance of 13.500 (thirteen thousand and five hundred) new common, registered, book-entry shares of no par value, as a result of the exercise of stock options granted under the Companys Stock Subscription or Purchase Option Program. In light of the resolution above, the capital of the Company is hereby increased from R$4,536,568,316.00 (four billion, five hundred and thirty six million, five hundred and sixty eight thousand, three hundred and sixteen Reais), divided into 702.510.969 (seven hundred and two million, five hundred and ten thousand, nine hundred and sixty nine) common, registered, book-entry shares of no par value to R$4,536,608,413.70 (four billion, five

hundred and thirty six million, six hundred and eight thousand, four hundred and thirteen Reais and seventy Centavos), divided into 702.524.469 (seven hundred and two million, five hundred and twenty four thousand, four hundred and sixty nine) common, registered, bookentry shares of no par value. Pursuant to the provisions of Article 171, Paragraph 3 of Law 6,404/76, the subscription of shares due to exercise of Options herein approved shall not give rise to any preemptive rights. Therefore, the shares derived from the capital increase herein approved shall participate equally in all benefits granted to the existing common shares of the Company, including with respect to payment of dividends and to any capital remuneration that may be approved by the Company. 6. CLOSING AND RECORDING: At 1:30 p.m., as there was nothing further to be

discussed, the Meeting was adjourned and these Minutes were recorded, read and signed by all in attendance. 7. MEMBERS IN ATTENDANCE: Eliezer Batista da Silva, Luiz do Amaral de Frana

Pereira, Jrgen Kildahl, Stein Dale, Keith Plowman and Ricardo Ramos. This is a true and correct copy of the Minutes of the Board of Directors Meeting of ENEVA S.A., held on October 21st, 2013, at 1:00 p.m., duly registered on the corporate books and signed by the members of the Board of Directors.

Rio de Janeiro, October 21st, 2013. ______________________ Alexandre Americano Secretary