19919510 COMMON SHARES EDP – Energias do Brasil SA

THE OFFERING
Selling shareholder ........................ EDP – Energias de Portugal, S.A.
Company ....................................... EDP – Energias do Brasil S.A.
Underwriters .................................. Banco Santander (Brasil) S.A., Banco Morgan Stanley S.A., Banco Itaú
BBA S.A. and BES Investimento do Brasil S.A. – Banco de Investimento.
Lead Coordinator ........................... Banco Santander (Brasil) S.A.
Co-manager ................................... Caixa – Banco de Investimento, S.A.
International Placement Agents ..... Santander Investment Securities, Inc., Morgan Stanley & Co. LLC, Itau
BBA USA Securities, Inc., Banco Espírito Santo de Investimento S.A.,
Espírito Santo Financial Services, Inc. and Caixa – Banco de
Investimento, S.A.
Offering ......................................... The selling shareholder is offering a total of up to 19,919,510 common
shares to:
Offering Price ................................ R$37.00 per common share.
• the public, our employees and institutional investors in Brazil
pursuant to an offering registered in Brazil;
• QIBs in the United States in reliance on Rule 144A under the
Securities Act; and
• other investors outside the United States and Brazil that are
not U.S. persons, in reliance on Regulation S under the
Securities Act.
Investors other than investors in Brazil will have to observe the
investment mechanisms regulated by the CMN, the Central Bank and
the CVM.
Over-allotment Option ................... The selling shareholder has granted to Banco Morgan Stanley, S.A., an
option for a period of up to 30 days from, and including, the date of the
execution of the Brazilian Underwriting Agreement, to purchase up to
1,991,950 additional common shares (representing up to 10% of the total
number of common shares initially offered in this offering) to cover
over-allotments, if any.
Share Capital ................................. Our share capital consists of 158,805,204 common shares, with no par value.
Tag-along Rights ........................... The sale of a controlling stake in us, whether in a single transaction or in
successive related transactions, must contain a provision requiring the
buyer of common shares representing control to conduct a public tender
offer for our remaining common shares, subject to Brazilian law then in
effect and the regulations of the Novo Mercado, in order to assure the
holders of our remaining common shares treatment equal to that given to
the controlling shareholder selling its stake.
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