Investor Presentaiton

enel codensa emgesa "This document is the property of ENEL, therefore it may not be disclosed or made public without the prior written consent of CODENSA. Its content is merely informative, so it does not have a contractual nature and it cannot be used as part of or to interpret any contract. CODENSA does not assume any responsibility for the information contained in this document, nor does it constitute any implicit or explicit guarantee regarding the impartiality, precision, completeness or correctness of the information or of the opinions and statements that are collected. Nor does it assume any responsibility for damages and/or losses that may be caused using this information. CODENSA does not guarantee that the perspectives contained in this document will be fulfilled in its terms. Neither ENEL nor any of its affiliates have the intention of updating such estimates, forecasts and objectives that may derive from this document except as otherwise required by law. 22

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