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ENEVA S.A.
CNPJ/MF (Taxpayer Registration Number): 04.423.567/0001-21
NIRE (Company Registration Number): 33.3.0028402-8
(Publicly Held Company)



MINUTES OF THE BOARD OF DIRECTORS MEETING
HELD ON AUGUST 27, 2014


1. DATE, TIME AND PLACE: On August 27, 2014, at 9:00, in the City of Rio de
Janeiro, State of Rio de Janeiro, at Praia do Flamengo, No. 66, 9
th
floor, Postal Code
22210-903.

2. CALL AND ATTENDANCE: The meeting was called pursuant to the bylaws of
ENEVA S.A. (Company) and applicable law and attended by the following
members of the Companys Board of Directors: Jrgen Kildahl, Keith Plowman,
Stein Dale, Adriano Castello Branco Gonalves, Ronnie Vaz Moreira, Luiz Fernando
Vendramini Fleury, Ricardo Ramos and Luiz do Amaral de Frana Pereira.

3. CHAIR: After the availability of the members of the Companys Board of
Directors was confirmed Jrgen Kildahl, as Chairman, designated Rodrigo Beraldo
to carry out the duties of secretary.

4. AGENDA: Deliberate on the ratification of the authorization granted to Parnaba
Participaes S.A. (Parnaba Participaes), as a subsidiary of the Company, to
constitute a guarantee under the Second Issuance of Promissory Notes
(Promissory Notes) of Parnaba III Gerao de Energia S.A. (Parnaba III), in
the form of a fiduciary assignment of all the shares issued by Parnaba III and held
by Parnaba Participaes, in replacement of the pledge of shares formerly
approved.

5. RESOLUTIONS: The members of the Board of Directors, by unanimous decision,
without any reservations, decided to ratify the authorization granted to Parnaba
Participaes as a subsidiary of the Company, to constitute a guarantee under the
Second Issuance of Promissory Notes of Parnaba III, in the form of a fiduciary
assignment of all the shares issued by Parnaba III and held by Parnaba
Participaes, according to the terms negotiated on the Fiduciary Assignment of
Shares Agreement, executed on August 18, 2014, among Parnaba Participaes,
Planner Trustee DTVM Ltda. (as representative of the Promissory Notes holders),
and Parnaba III (as consenting and Intervenient Party), in replacement of the
pledge of shares formerly approved, according to the Pledge of Shares Agreement
executed on July 28, 2014.

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6. CLOSING AND RECORDING: At 09:30, as there was nothing further to be
discussed, the meeting was closed and these minutes were recorded, read and
approved by all in attendance.

-This is a true and correct copy of the Minutes of the Meeting of the Board of
Directors of ENEVA S.A., held on August 27
th
, 2014, at 9:00, recorded in the
relevant corporate book and signed by the members of the Board of Directors of
the Company-

Rio de Janeiro, August 27, 2014.

______________________
Rodrigo Beraldo
Secretary