Enel Americas S.a. · BCS:ENELAM
Enel Americas — Enersis — Merger or Acquisition (November 2015)
7 slides from Enel Americas's merger presentation, Nov 30, 2015
Slide 1: Enersis reorganization update
Enersis reorganization update November 25, 2015 enersis
Slide 2: Conditions set for the approval of the reorganization
Enersis reorganization update wud Conditions set for the approval of the reorganization Topics Description @ Exchange ratio for the Americas’ merger © Agreement between Endesa (EOC) CI /EGP on renewables © Protection for Endesa Americas’ minority shareholders + Completion of the merger after spin-of
Slide 3: ENI Board of Directors' proposals and Enel commitments
Enersis reorganization update ENI Board of Directors’ proposals and Enel commitments enersis Topics Enersis BoD’s proposals Enel Commitments @ Exchange ratio for the Americas’ merger @© Agreement between Endesa (EOC) Chile/EGP on renewables © Protection for Endesa Americas’ minority shareholders Pro
Slide 4: Focus on the exchange ratio proposal for Americas' holdings merger
Enersis reorganization update — @ Focus on the exchange ratio proposal for Americas’ holdings merger Range BoD Enersis Exchange ratio EOC Americas/ENI Americas Exchange ratio CHI Americas/ENI Americas N. shares ENI Americas post spin-off (m) (A) 49,093 49,093 49,093 49,093 N. shares to be issued to
Slide 5: Focus on possible terms of agreement between EGP and Endesa Chile (EOC) in Chile
Enersis reorganization update @ Focus on possible terms of agreement between EGP and Endesa Chile (EOC) in Chile enersis Promote an agreement between EGP and EOC Chile for the joint development of non- conventional renewable energy projects in Chile, based on terms already discussed with Enel Endesa
Slide 6: Minorities protection: proposed scheme for EOC Americas
minorities protection Enersis reorganization update © Focus on the proposed scheme for EOC Americas enersis Proposed scheme to protect minority shareholders Key terms and conditions of the tender Full tender offer (TO) over EOC Americas to guarantee a fixed price based on Endesa Chile current market
Slide 7: Indicative timetable and next steps
Enersis reorganization update ee Indicative timetable and next steps ‘Spin-offs process: ~ 2 months ‘Merger process: ~ 6 months 2rd Quarter 2016 EGMs tc Merger of Enersis vote the merger ‘Americas ge effective Dec. 15" Dec. 18" 38 Quarter one — T T+30 After T#30 SNe" (Completion) 60 days of tracing