INVESTOR RELATIONS DEPARTMENT
Capital Increase 2003
SHAREHOLDERS REAFFIRMS THE STRONG COMMITMENT WITH ENERSIS
SUBSCRIBING US$ 2,104 MILLION IN THE CAPITAL INCREASE
US$1,219 million were capitalized by the controlling shareholder of Enersis, Endesa S.A. in a clear proof of
US$885 million subscribed by minority shareholders, constitute the largest operation ever made in a capital
increase in Latin America.
The support made by Enersis’ minority shareholders, shows the confidence in the Company’s future and
constitute an important support to the plans carried out by the Group.
The capital increase, along with the debt refinancing, assets divestments and cash flow improvement, were
the pillars of the Financial Strengthening Plan approved by the Board of Directors on October 4th, 2002.
Funds raised, through the divestments of assets and capital increase, will reduce Enersis’ debt and
significantly improve the Company’ liquidity and principal financial ratios.
Consolidated debt will be reduced by approximately US $2.560 million during 2003.
(Santiago, Chile, December 22 nd , 2003) Enersis (NYSE: ENI), today inform to the SVS, that during the capital
increase which started on May 31 st , and concluded December 20 th , the Company raised a total amount of US$
2,104 million. The number of shares subscribed, represent 99.9% of the total amount of 24,382,994,488 new shares
During the first tranche, Enersis’ shareholders subscribed a total of 22,113,264,060 shares equivalent to US$
In the second tranche, Enersis’ shareholders subscribed a total of 1,353,246,805 shares equivalent to US$ 136
million. Additionally, 893,612,466 shares equivalent to US$ 86 million, were subscribed as part of the local bond
In summary, total number of shares subscribed reached 24,360,123,331. From the total mentioned, 14,406,840,511
shares (US$ 1,219 million) were subscribed by Elesur S.A., a subsidiary of Endesa S.A., th