Óleo e Gás Participações (OGPar) announces that on the date hereof, E.ON and an investment fund managed by Cambuhy have completed the investment in Parnaíba Gás Natural S.A. (“Parnaíba”), by means of a capital increase in the total amount of R$ 249,999,999.88, as provided for in the Subscription Agreement, dated as of October 30, 2013, entered into by and among the Company, E.ON, Cambuhy, Eneva S.A., Parnaíba and other parties thereto, as announced in the Material Fact Notice of October 31, 2013. 

After the conclusion of the Capital Increase, OGX Petróleo e Gás, a company controlled by OGX, became the holder of 36.36% of Parnaíba’s capital stock. Eneva, E.ON and Cambuhy became holders of 18.18%, 9.09% and 36.37%, respectively, of Parnaíba’s capital stock.

The sale of Parnaíba’s shares held by OGX to Cambuhy, which is part of the deal reached with Cambuhy and E.ON, as announced in the Material Fact Notice of October 31, 2013, remains valid and effective, but its conclusion is still subject to the verification of certain conditions precedent, among them, the approval of the Company’s Restructuring Plan by the creditors of the Company, pursuant to the Judicial Reorganization, and the authorization by ANP, the Brazilian Petroleum Agency. 

The Company will keep its shareholders and the market informed of any further developments on this matter.