1. Private Equity and Venture Capital in Latin America Forum The BVCA and ABVCAP present Regional partners

2. November 2013 Presentation Private Equity & Venture Capital in Latin America Forum

3. 3 Mantiq Investimentos Focus on Infrastructure. Net Asset Value: R$ 371 million. Deals in Execution: R$ 120 million. Focus on Oil & Gas services. Net Asset Value: R$ 73 million. Deals in Execution: R$ 116 million. Dry Powder: R$ 557 million. Focus on Infrastructure. Net Asset Value: R$ 1.4 Billion. InfraBrasil Fund Caixa Ambiental Fund Brasil Petróleo I & II Funds Current Portfolio Power Generation Waste Management & Environmental Services Toll roads O&G Equipment Steam Generation R$ 2.4 Billion in AuM. R$ 691 Million in Dry Powder. Focus on Infrastructure and Oil & Gas services. Same management team since 2006 and currently managing 4 PE funds.

4. 4 InfraBrasil One of the first infrastructure private equity funds raised in Brazil. First close on July 2006; second close on December 2006. Raised R$ 820 million from largest Brazilian institutional investors. Invested over R$ 780 million and holds a portfolio of 3 direct equity investments and 7 mezzanine debt investments. Has distributed R$ 319 million to date and has a NAV of R$ 1.4 billion. Investments Note : Disbursed capital up to 28 March, 2013. Power 53.8% Toll Roads 12.5% Environmental Services 18.5% Water and Sewage 15.2% LandfillWater and SewageSmall Hydro PowerToll Roads

5. Renova Case

6. 6 Renova Largest renewable energy company in Brazil. Market value of R$ 3.8 billion. Project Portfolio: Wind: 1.4 GW Hydro: 0.04 GW Project Pipeline: Wind: 4.4 GW Hydro: 1.4 GW Mantiq’s funds own 22.5% of the company. Mantiq is an investor since 2006. Power Purchase Agreement Signed (installed MW) CAGR 48% Highlights Stock Performance since IPO IBOV - 15% RNEW11 + 233% IRR (R$ based) X-Capital (R$) 32,5%3,6 X Mantiq’s unrealized return

7. 7 Mantiq contribution Identified opportunity as a result of knowledge of the renewable energy market. Supported company throughout its growth. Contributed do strengthening of governance. Helped attract long term institutional / strategic investors. 2010201120122013 IPOLight invests R$ 360 million BNDES invests R$ 260 million CEMIG announces R$ 1,4 Billion investment 200720062009 Building first wind farm Common Shares Development of wind power pipeline Preferred Shares Construction of first hydro project Mezzanine Debt Mantiq’s support throughout growthAttraction of strategic investors

8. 8 Thanks!