October 28, 2009

Deutsche Bank appointed as successor depositary bank for the American Depositary Receipt program of CPFL Energia S.A.

Deutsche Bank today announced its appointment as successor depositary bank for the New York Stock Exchange (NYSE)-listed American Depositary Receipt (ADR) program of CPFL Energia S.A. (CPFL Energia).

CPFL Energia is the largest private company in the Brazilian electricity sector based on market share with over 90 years of operating history. Through its subsidiaries, it distributes, generates and commercializes electricity in Brazil.

CPFL Energia is a market leader in Brazil in both electricity distribution and commercialization, with market shares of 13% and 22%, respectively. During the year ending December 31, 2008, CPFL Energia’s sales in its distribution companies’ concession areas reached 49,033 GWh. CPFL Energia distributes energy to 6.5 million customers, located mainly in economic and industrial centers in Brazil, in upstate São Paulo and Rio Grande do Sul, as well as in some municipalities in the states of Paraná and Minas Gerais. The sales in the electricity commercialization segment reached 8,904 GWh.

CPFL Energia holds a 2% market share in Brazilian electricity generation. CPFL Energia has an installed capacity to generate 1,737 MW of electricity, which it expects will reach 2,202 MW in year 2010, following the completion of two electricity generation projects that are under construction: the Foz do Chapecó hydroelectric generation facility and the Baldin thermoelectric power plant (a biomass generation project).

CPFL Energia’s ADRs currently trade on the NYSE under the symbol CPL. The company’s ordinary shares are listed on the São Paulo Stock Exchange (BM&FBOVESPA) under the symbol CPFE3. Each ADR represents three ordinary shares.

"We are pleased with the appointment of Deutsche Bank as our new ADR depositary and are looking forward to working with the global team to continue to enhance our relationship with investors", said José Antonio de Almeida Filippo, Chief Financial and Investor Relations Officer at CPFL Energia.

Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, "We are delighted to be appointed as depositary bank for CPFL Energia’s NYSE-listed ADR program. We very much look forward to working with CPFL Energia to ensure that their ADR holders receive the highest level of specialized service. This appointment further demonstrates our commitment to the Brazilian market."

"This transaction reflects the continued commitment of Deutsche Bank to the Brazilian market and demonstrates the confidence that leading Brazilian corporates, global leaders in their industry, are placing in the Deutsche Bank platform" said Bernardo Parnes, Managing Director of Deutsche Bank in Brazil.

*Source: CPFL EnergiaS.A. (October 2009)

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Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of financial structures and transactions. It is a leading depositary for American and Global Depositary Receipts, providing value-added services to companies raising capital in international markets or listing on the New York, Nasdaq, London, Luxembourg, Singapore or NASDAQ Dubai stock exchanges by means of depositary receipts. It also offers fund and hedge fund administration and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in more than 30 securities markets. Additional details are available on http://www.adr.db.com/