SOURCE: MPX Energia S.A.

MPX ENERGIA S.A.

August 13, 2009 11:02 ET

MPX Releases Its Results for the Second Quarter of 2009

RIO DE JANEIRO, BRAZIL--(Marketwire - August 13, 2009) - MPX Energia S.A. (BOVESPA: MPXE3) (GDR I: MPXEY), an EBX Group company focused on the energy sector, with a diversified generation portfolio, maintaining activities in fuel supply, generation and commercialization of energy, with a differentiated concept in the Brazilian energy sector, today releases its results for the second quarter of 2009 and updates its shareholders on the progress of its projects.

Quarter Highlights and Subsequent Events

-- MPX guarantees part of long term financing for Porto do Pecém II TPP

On May 12, 2009, MPX obtained a long-term credit line of up to R$ 323 million from Banco Itaú BBA to finance Porto do Pecém II TPP.

-- Long term financing contracts signed with BNDES and IDB for implementation of Pecém I

In July 2009, financing contracts were signed with BNDES (Banco Nacional de Desenvolvimento Econômico e Social) and IDB (Inter-American Development Bank) to fund the implementation of Pecém I TPP. Contracts guarantee long-term loans of R$ 1.4 billion (BNDES) and US$ 327 million (IDB).

-- John T. Boyd begins analysis of data obtained in exploration campaign in Colombia

During 2Q09, drilling campaign in Colombia continued, concentrating efforts in La Guajira. First results were very positive and indicated possibility of open-pit coal mining.

-- MPX stock split approved

On July 17, at an Extraordinary General Meeting, MPX shareholders approved a stock split in the ratio 1:20. From July 20 on, shares started trading ex-split.

-- Change in ratio of ordinary shares to Global Depositary Receipts (GDRs) approved

Following stock split, CVM approved a change in the ratio of ordinary shares to GDRs. Each GDR now corresponds to 1 ordinary share.

The conference call will be held on Friday, August 14, 2009, at 10:30 am (US ET) in English with simultaneous translation to Portuguese

Access numbers:
- Brazil: +55 11 4688-6340
- US toll free: (+1)888-379-7579
- Other countries: (+1)786-924-7444
- Password: 6290489#

Participants are requested to connect 10 minutes prior to the time set for the conference call.

Contact Information

  • Contact IR
    Flavia Heller
    IR Manager

    Daniel Haddad
    IR Analyst
    (+5521) 2555-4061
    ri.mpx@mpx.com.br