The Centrais Eletricas do Para S.A. - CELPA Bondholders Invited to Join Ad Hoc Group

NEW YORK, March 15, 2012 /PRNewswire/ -- Holders of the U.S.$250,000,000 10.50% Notes Due 2016 (the "Notes") issued by Centrais Eletricas do Para S.A. - CELPA ("CELPA") have formed an Ad Hoc Group (the "Group") in response to CELPA's commencement of Brazilian judicial reorganization proceedings, notice of which was published on March 8, 2012.  The Group's members hold a material portion of the Notes, and the members' objective is to assess, to advance, and to protect their creditors' rights.  Interested holders of the Notes are invited to contact the Group quickly, through the Group's legal advisor Bingham McCutchen LLP.

Contact details are as follows:

Bingham McCutchen LLP
399 Park Avenue
New York NY 10022
Attn:  Tim DeSieno
Email:  [email protected]
Tel: +1 212 705 7426

We look forward to speaking with you.

This communication is neither an offer nor a solicitation to participate in any transaction in any jurisdiction.

Bingham, www.bingham.com, offers a broad range of market-leading practices focused on global financial services firms and Fortune 100 companies.  The firm has more than 1,000 lawyers in 14 locations in the United States, Europe and Asia.  Follow the firm on Twitter @BinghamLaw.

SOURCE Bingham McCutchen LLP