Eneva S A : Management’s Proposal

Management Proposal

Annual and Extraordinary General Meeting

April 30, 2021

Table of Contents
General clarifications about the participation in the Meeting ...................................	3
Management Proposal to the Annual and Extraordinary Shareholders' Meeting ......	5
1) At Annual General Meeting ...............................................................................	5
2) At Extraordinary General Meeting.....................................................................	9
Annex I - Item 10 of the Reference Form...............................................................	10
Annex II - Annex 9-1-II to CVM Instruction 481/09 ............................................	11
Annex III - Items 12.5 to 12.10 of the Reference Form .........................................	16
Annex IV - Item 13 of the Reference Form ............................................................	17
Annex V - Restated Articles of Incorporation Containing Proposed Changes .........	18
Annex VI - Justifications and Impacts of the Changes to the Articles of Incorporation
..............................................................................................................................	34

General clarifications about the participation in the Meeting

The Annual and Extraordinary Shareholders' Meeting of ENEVA S.A. ("ENEVA" or"Company") will be held on April 30, 2021, at 11:00 am ("Meeting" or "AGOE"), only digitally through the "Zoom" platform, in line with the sole paragraph of article 121 of Law 6.404/1976 and CVM Instruction 481/2009, as amended ("Instruction 481/09").

In order to participate in the Meeting, Shareholders must send an email to the Company as described in the participation instructions in the call notice at least 48 hours before the AGOE is held, i.e., by 11 am (Brasilia time) on April 28, 2021, requesting access to the electronic system for participation and remote voting, and sending a copy of the required documents to participate in the AGOE, as summarized below:

1. Individual Shareholder:
2. 1. Shareholder's identity document;
   2. Proof from the custodian agent of ENEVA shares, containing the relevant shareholding interest, issued on the date the request for access to the electronic participation and remote voting system is sent; and
   3. In case of participation by proxy, the documents listed in item (c) below.
3. Legal Entity or Investment Fund Shareholders:
4. 1. Identity document of the attending legal representative;
   2. Proof from the custodian agent of ENEVA shares, containing the relevant shareholding interest, issued on the date the request for access to the electronic participation and remote voting system is sent;
   3. Updated articles of incorporation or association registered with the competent body;
   4. Document evidencing the representation authority: minutes of election of the attending legal representative, or individual who signed the proxy instrument, if applicable;
   5. If represented by proxy, the documentation in item (c) below; and
   6. If an investment fund, the regulations and documents related to its administrator or manager, as the case may be, reported in the items (iii) and (iv) above.
5. Shareholders represented by proxy:
   If the shareholder prefers to be represented by proxy, the following documents must be submitted additionally:
6. 1. Proxy appointment instrument, issued less than one year before the date of the Meeting, as per article 126, paragraph 1, of Law 6.404 of December 15, 1976, as amended ("Law 6.404/76"). The proxy must be a shareholder, Company officer, attorney, a financial institution, or an investment fund administrator/manager representing the joint owners; and

1. Proxy's identity document.

In order to facilitate the shareholders' participation, the Company will waive the notarization, consularization/apostille, and sworn translation into Portuguese of documents issued outside the country. It is important, however, that there is clear identification of the name of the signatory of the documents submitted, for the purposes of proving their authority, and that documents in a foreign language are accompanied by a free translation into Portuguese.

The Company also clarifies that this Management Proposal, and the Call Notice for the concerned Meeting, the Participation Manual, and the Remote Voting Bulletin are available at the website of the Brazilian Securities and Exchange Commission ("CVM") (www.cvm.gov.br), B3 S.A. - Brasil, Bolsa, Balcão ("B3") (www.b3.com.br) and Company's website (http://ri.eneva.com.br/).

The documents related to this Management Proposal, including those required by Instruction 481/09, are also available to shareholders at Company's registered office.

Management Proposal to the Annual and Extraordinary Shareholders' Meeting

Dear Shareholders,

ENEVA's Management, pursuant to the applicable legislation and Company's Articles of Incorporation, aiming to serve Company's interests, hereby presents to you, with respect to the Meeting, the proposals about the agenda to be submitted to its assessment, namely:

1. At Annual General Meeting

1. Taking the management accounts, reviewing, discussing and voting on the Management Report and the Financial Statements for the year ending December 31, 2020:

Company's management proposes that the shareholders review and, after due consideration, approve the Financial Statements and the Management Report, as recommended by Company's Board of Directors at a meeting held on March 10, 2021, and approve the management accounts and take cognizance of the Independent Auditors' Report, all for the year ending December 31, 2020.

Pursuant to article 9, item III, of CVM Instruction 481/09, the management comments on Company's financial position, pursuant to item 10 of the Reference Form, are shown in Annex Ito this Proposal.

The Financial Statements, the Management Report, the Independent Auditors' Report, the standardized financial statement form - DFP, the management comments on Company's financial situation and the audit committee's report are available for consultation at CVM's website (www.cvm.gov.br), B3's website (www.b3.com.br) and ENEVA's website (http://ri.eneva.com.br/), pursuant to CVM Instruction 481/09. The Financial Statements, the Management Report, and the Independent Auditors' Report were published by the Company in the Official Gazette of the State of Rio de Janeiro, in the issue on March 30, 2021, and in the newspaper "Monitor Mercantil," in the issue on March 30,2021, observing article 133, paragraph 3, of Law 6.404/76.

1. Allocating the results for the year ending December 31, 2020:

Considering that ENEVA's result for the year ended December 31, 2020 is lower than the balance of accumulated losses from previous years, Company's Management proposes that the allocation of profit in the amount of BRL 1,007,605,980.14 (one billion seven million six hundred five thousand nine hundred-eighty reais and fourteen cents) be fully used to absorb accumulated losses, pursuant to article 189 of Law 6.404/76.

The data on net income allocation required by Article 9, sole paragraph, II, of CVM Instruction