Corporate Presentation

2010

07-13-10

2

Disclaimer

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.

623 avgMW

from Pecém

and Itaqui

sold in the

A-5 auction

4Q07

IPO:

USD 1.1 billion

3Q08

Construction

works at

Pecém begin

276 avgMW

from Pecém

II sold in the

A-5 auction

Acquisition

of mining

rights in

Colombia

Construction

works at Itaqui

begin

Construction

works at

Pecém II begin

Agreement

with Evonik

signed

MPX

Colombia: 1st

resource

report

Acquisition of

participating

interest in

Parnaiba Basin

LT financing Pecém

and Itaqui : 1st

disbursement

1Q08

1Q09

2Q09

3Q09

4Q09

1Q10

Parnaíba: 1.7 Tcf of

natural gas

contingent

resources certified

MPX Colombia:

Business Plan for

20 Mty integrated

mining system

1.7 billion tons

in potential coal

resources

MPX Energia: Recent History

Power plants under construction

4

MPX ItaquiMPX Itaqui

Installed

Capacity

(MW)

Energy sold

(avgMW)Term of PPA EPC progress1 Start-up date

Energia Pecém * 720 615Jan 2012-

Dec 202769,9%

Jul 2011/Oct

2011

MPX Pecém II 365 276Jan 2013-

Dec 202854,5% Jun 2012

MPX Itaqui 360 315Jan 2012-

Dec 202768,2% Oct 2011

* Energia Pecém is a 50/50 partnership between MPX and EDP.1May/10.

Energia PecémEnergia Pecém MPX Pecém IIMPX Pecém II

Itaqui

5

Itaqui

Pecém I & II

7

Pecém I & II

8

Pecém I & II

9

MPX Parnaíba power generation system

Licensing: Environmental Impact Study for up to 1,863 MW filed andPublic Hearing completed

Engineering project designed to accomodate different technologyconfigurations (combined/open cycle and engines)

Drilling in the Capinzal block started: results expected in Sep/10

MPX Sul

MoU for EPC contract signed

Energy can be sold in free market or 2010 A-5 auction

10,000 MW licensed by end of 2010

MPX Açu: 2,100 (coal) + 3,300 (gas)

MPX Parnaíba: 1,863 MW (gas)

MPX Sul: 600 MW (domestic coal)

MPX Chile: 2,100 MW (coal)

Greenfield power generation projects

11

World-Class Mining Assets + EfficientLogistics

1.7 billion tons in potencial coal resources

3 open-cast and 1 underground mine

2.0 Mty *2.0 Mty *

0.7 Mty *0.7 Mty *

3.5 Mty *3.5 Mty *

5.4 Mty **5.4 Mty **

Mty: MM tons/year

* 65% Dispatch

** 90% Dispatch

Estimated coal

demand from

MPX’s power

plants

MPX Colombia: Integrated Mining System

Production Output Ramp-up in current concessions (Mty)

An additional 5 Mty should come from new areas in La

Guajira and other Departments

MPX Colombia - Uses & Sources

12

Total Capex USD 1.709 M

Debt 1 USD 1.234 M

Cash Generation USD 220 M

Total Equity USD 254 M

Certified and potential resources

Underground mining in San Juan

Railroad capacity: 15 Mty

Port capacity: 15 Mty

0.5

1.7

3.3

4.9

6.4

8.0

10.0

12.0

13.5

15.0

-

2.0

4.0

6.0

8.0

10.0

12.0

14.0

16.0

2012 2013 2014 2015 2016 2017 2018 2019 2020 2021

Mty

9 2357 63

4163

32

83

216

273

232

385

172201

116

0

50

100

150

200

250

300

350

400

2010 2011 2012 2013 2014 2015 2016 2017 2018

US

D M

Equity Capex

STAGE 1+2

Equity Needs* and Capex Disbursement Curve

Coal Production Ramp-up Stage 1+ 2

(1) Considers Equity/Debt ratio of 30/70 for mining

and 25/75 for infrastructure investments.

(*) Excluding cash generation reinvested

MPX Port

Presentation of project to local communities underway

Environmental Impact Study underway

ERM-Environmental Resources Management acting as consultant to MPX

Filing foreseen for 2H10

Environmental license foreseen for 1H11

Open-cast mines

Mining plan underway

Environmental Impact Study underway

Filing foreseen for 2H10

Underground mine

6 boreholes to be carried out until year-end

MPX Colombia – next steps