Eletropaulo Investment Rationale

Closing remarks enel Largest individual distribution concession in Brazil located in the most developed and industrialized state in the Country Enel Américas would become the market leader in the distribution business in Brazil Key value driver: Opportunity to increase efficiency and improve EBITDA rapidly Synergies with Enel Américas, Enel X and free market Enel Américas' plan allows substantial value creation over the investment ✓ 13

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