1. 02-03-10Corporate Presentation 2010

2. DisclaimerThe 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 purportto be complete. No representation or warranty, express or implied, is made concerning, and no reliance should be placed on, theaccuracy, fairness, or completeness of this information.This presentation may contain certain forward-looking statements and information relating to MPX that reflect the current viewsand/or expectations of the Company and its management with respect to its performance, business and future events. Forwardlooking 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 likelyresult, or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties andassumptions. 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 itsaffiliates, directors, officers, agents or employees nor any of the placement agents shall be liable before any third party (includinginvestors) for any investment or business decision made or action taken in reliance on the information and statements containedin 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 recipientsshould consult their own advisors in this regard.The market and competitive position data, including market forecasts, used throughout this presentation were obtained frominternal surveys, market research, publicly available information and industry publications. Although we have no reason to believethat any of this information or these reports are inaccurate in any material respect, we have not independently verified thecompetitive position, market share, market size, market growth or other data provided by third parties or by industry or otherpublications. MPX, the placement agents and the underwriters do not make any representation as to the accuracy of suchinformation.This presentation and its contents are proprietary information and may not be reproduced or otherwise disseminated in whole orin part without MPXs prior written consent. 2 3. MPX Integrated SystemsMPX PortColombian Mines MPX ItaquiEnergia Pecm MPX Pecm II MPX Parnaba Exploratory BlocksAu Regas (LNG)MPX Au Phase IIMPX ChileMPX Au Phase IColombia System MPX SulSeival MineSul SystemParnaba SystemSudeste System3 4. MPX Colombia System110 MM tons in certifiedresources0.7 Mty *521 ha for MPX Port at 150 Kmfrom mines2.0 Mty *3 plants with energy sold inregulated marketGuaranteed revenues of R$ 7203.5 Mty *M for 15 years 5.4 Mty **2100 MW in Au - Licensed2100 MW in Chile Licenseforeseen for 1H10Mty: Estimated demand of coal (MM tons/year)* 65% Dispatch** 90% Dispatch4 5. Mines and MPX PortCaribbean SeaLa Guajira MPX PortHighway: 150 Km PapayalUnderground mine Canaverales San Benito Venezuela MPX Concessions Areas drilledPort 5 6. Papayal (Open-pit mine) 40 Boreholes37 Positive Legend Drilled Without Coal Drilled With Coal Drilling With Coal Drilling Schedule Short Term ScheduledOn January 14, 2010 7. Caaverales (Open-pit mine) 94 Boreholes73 Positive Legend Drilled Without Coal Drilled With Coal Drilling With Coal Drilling Schedule Short Term ScheduledOn January 14. 2010 8. San Benito (Open-pit mine) 88 Boreholes49 Positive Legend Drilled Without Coal Drilled With Coal Drilling With Coal Drilling Schedule Short Term Scheduled On January 14. 2010 9. San Juan El Molino (Underground mines)3 Boreholes3 Positive Coal layers: up to 35 Cumulative thickness ofcoal layers: up to 80 m. Length NS: 15.5 km Length EW: 3.5 km Depth of first coal layer:between 385 and 450 mLegendDrilled Without CoalDrilled With CoalDrilling With CoalDrillingSchedule Short TermOn January 14. 2010Scheduled 10. MPX Port MPX Port Land secured: 521 ha Length of coastline: 2.8 Km 20-meter draftMPX Mines Capacity to export up tp 20 Mty 150 Km from MPX mines Capex: aprox U$ 200 millionBello Horizonte10 11. Plants under construction in BrazilInstalled PPAFixed Energy Sold EPC CommercialCapacity Start RevenuesFinancing (avgMW)Progress**Operation Date (MW)date(R$ MM)**Energia JanJul 2011 (360 MW) 72061548%479.9BNDES/ BIDPecm *2012Out 2011 (360 MW)MPX Jan 36027633%227.8Jun 2012BNDESPecm II 2013MPX Jan 36031551%253.2Out 2011BNDES/ BNB Itaqui2012 * Energia Pecm is a 50/50 between MPX Energia and EDP. ** In Dec/09 MPX Itaqui Energia Pecm MPX Pecm II11 12. Consulting and O&M Strategic PartnershipTechnical support for:5th largest power generatorin Germany (7,500 MW pre-operational activitiescapacity) project management, including review of technical specifications and2nd largest coal-fired EPC proposalsthermal power generator incommissioning and initial operationGermanyanalysis of operating problemsPersonnel training andOwns and/or operates coaldevelopmentand gas fired plants in Turkey,Philippines, Colombia, India, IT solutions for management,Nigeria and Brazil (with more optimization and monitoring ofthan 2,400 MW). power plant operation12 13. MPX Au TPP (2,100 MW)Installation License for 2,100 MW(imported coal TPP);Proximity to Southeast load center;Privileged logistics;Synergies with Au super port;Energy Sale Regulated and FreeMarket.13 14. MPX Castilla TPP (2,100 MW Chile)License (2,100 MW) foreseen 1H10;Integrated project: TPP, Port andDesalting ;Port concession granted;Potential strategic partnership;Capacity PPA with fuel pass through. 14 15. MPX Sul SystemSeival Mine and MPX Sul TPP (600 MW)Location of AssetsSeival MinePartnership 70/30: MPX / CopelmiAerdromo BR-293Operating License grantedSEIVALVila CEEE152 MM tons in proven reservesMPX Sul459 MM tons in total resources BRAZILSeival Mine Ferrovia VilaAdditional studies will increase total JooEmlioreservesArroioUTE Seival Candiota ProjetoAerdromoMPX Sul (600 MW) Ex-ProjetoEnergy may be sold in Regulated and Rio Jaguaro Candiota IIICRM Barragem IIFree Market Dario Lassance UTE Pres. MdiciCoal demand: 4 Mty* Barragem IEPC contract securedCRMCRM Vila CEEEPedreira de CalcrioCRMCimbag Mina de Candiota Seiva Rio Grande do Sul* Assuming 80% dispatch rate 15 16. MPX Parnaba System Exploratory Blocks7 onshore blocks;MPX ParnabaSeismic campaign underwayHigh potential for natural gas exploration;Potential negotiation of gas surplus to Exploratory Blocksdistributors; Parnaba TPP;Licensing for 1,000 MW in process;Combined and open cycle plants;Energy Sale Regulated and Free Market;Strategic site acquired;Proximity to 500 kV substation. 16 17. Exploratory Blocks and MPX Parnaba TPPDrilling Schedule 2010 201120121 5 1Tcfboe Total contingent resources*1.7 303 MMRisked prospective resources* 0.2 37 MM* Certified by DeGolyer&MacNaughtonOwnership StructureMPX Parnaba Site Rio30 Km Exploratory BlocksSite SE 50 Km* Subject to ANP approval 18. MPX Sudeste SystemLicensing for a 3,300 MWgas-fired plant in processat Au Super Port;Regaseification terminal atAu Super Port;Synergies with OGXNG integrated projects;Development of projects inRJ, SP and ES;Strategic site identification. 18 19. By the end of 2010, MPX will have a 10,000 MWportfolio of licensed projects Additional long-term PPAs (Regulated and Free Market) Power Development of new natural gas projects (RJ, SP e ES) Installation License for MPX Sul TPP and MPX ParnaibaLicensing Preliminary License for MPX Parnaba and MPX Au Phase 2 TPP Environmental License for Castilla TPP mines and port in Colombia, Wind energy portfolio (CE, RN e RJ)Renewables 1st MW of Solar Energy in Brazil 10-year Business Plan for ColombiaNatural Resources 2nd Coal Resource and Reserve report 2nd well in Parnaba Basin Financing Final approval and disbursement of long-term financing for MPX Pecm II19