Slide 1: Enersis Capital Increase
Enersis Capital Increase enersis " 07| 26 | 2012
Slide 2: Disclaimer
enersis Enersis Capital Increase _ Disclaimer = The following presentation is intended exclusively to provide complementary information about the proposed Transaction, and does not constitute commercial material or and in any case it must not be regarded as a favourable opinion or recommendation by
Slide 3: Proposed Transaction Summary
enersis Enersis Capital Increase fs J Proposed Transaction Summary * The Transaction originated in a proposal made by Endesa Latinoamérica (ELA), to, subject to the relevant approvals, contribute to Enersis stakes held by Endesa Spain directly or indirectly in ‘Southamerican businesses, including bo
Slide 4: Transaction Description
enersis. Enersis Capital Increase Transaction Description M% Enel I |e0% Other AEPS 13.3% Shareholders Others 26.1% ENERSIS Endesa Spain directly or Other Shareholders may indirectly may subscribe its proportion of the capital subscribe their proportion of the capital increase in cash Increase by co
Slide 5: Independent Expert Appraisal
Enersis Capital Increase Independent Expert Appraisal v When a Capital Increase considers the possibility of receiving in kind contributions, Chilean law requires that non-cash assets to be contributed be valued by an independent expert appraiser and that the appraisal be approved at a shareholders
Slide 6: ELA's current stakes and Enersis structure, pre transaction
Enersis Capital Increase ELA’s current stakes and Enersis structure, pre transaction SEEM sro rase Current 92% Others 26.1% structure OtnS Shareholders ENERSIS Stakes to be Enersis contributed stakes | en” @ criss ‘so snout ~ Elinor) Pura) sanieso (j)Arpla nw owns 205% stake ofCosce Yoeves 222% (2)
Slide 7: Enersis structure, post transaction
enersis Enersis Capital Increase _ . Enersis structure, post transac! _——___] Post-transaction structure (assuming 100% capital increase Shareholders Subscription) ENERSIS Enersis main stakes {after transaction)
Slide 8: Transaction strategic implications
Enersis Capital Increase Transaction strategic implications Consolidate industrial position in South America v Enersis would continue consolidating its leadership position in South America (larger player both in terms of installed generation capacity and distribution clients) v Enersis and Chile wou
Slide 9: New Potential Size
enersig New Potential Size Enersis would consolidate its role as a Latam key player D 32 Installed Capaci "| Post contribution ms energy AES By sa ote fon Oats * The proposed transaction could consolidate the leadership of Enersis in a fast growing market context ~ The transaction would allow Enersi
Slide 10: Potential transactions subject to Board's approval
enersis Enersis Capital Increase fia Potential transactions subject to Board’s approval High growth potential M&A opportunities Greenfield projects Aquisition of Enersis minorities Country installed Capacity Companies Already Lira = The Group has a fully developed pipeline of growth opportunities in
Slide 11: Expected impact on the Float: More liquidity of Enersis stock
enersis Enersis Capital Increase fi Expected impact on the Float: More liquidity of Enersis stock Positive impact of cash capital increase Potential change in Cnersis soit, in Enersis stock IPSA index (1) The capital increase would contribute “™" ‘Penna Top 20 companion a to improve the overall stoc
Slide 12: Capital increase relevant dates
enersis Enersis Capital Increase fa. Capital increase relevant dates July 25, 2012: Enersis Board calling to an Extraordinary Shareholders Meeting to approve the capital increase. Independent Expert Report made available through Enersis’ web page September [], Record date to participate on the Extra
Slide 13: Disclaimer
Enersis Capital Increase Disclaimer This presentation contains statements that could constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 These statements appear in a number of places in this announcement and include statements regarding th
Slide 14: We are here to help you
We are here to help you Ricardo Alvial Denisse Labarca Investments & Risks Director Head of Investor Relations mimr@enersis.cl denisse abarca@enersis.cl 56 (2) 353-4682 156 (2) 353-4576 Melissa Vargas Jorge Velis Javier Hernandez Carmen Poblete Investor Relations Investor Relations, Investor Relatio
Slide 15: Signatures
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ENERSIS S.A. By: /s/ Ignacio Antoñanzas Alvear --------------------------------------------