Form 6-K ENERSIS S.A. For: Dec 31

SIGNIFICANT EVENT

ENERSIS S.A.

Inscription in Securities Register No. 175

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Santiago, October 27, 2014.

Ger. Gen. No.� 99/2014.

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Mr.

Carlos Pavez Tolosa

Superintendent of Securities and Insurance

Superintendence of Securities and Insurance

Alameda No. 1449

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Ref.: �� Communicates SIGNIFICANT EVENT

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Dear Sir,

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As per what is foreseen in Articles 9 and 10 of Law No. 18,045 on the Securities Market and what is established in the General Norm No. 30 of the Superintendence, duly authorized and acting on behalf of Enersis S.A., please be informed on the following significant event in that our Argentinean affiliate, Endesa Costanera S.A.(where Enersis has 45.39% indirect economic ownership), agreed today with Mitsubishi Corporation, to reduce its debt with such company, in beneficial conditions for such affiliate, contributing to the restructure of its equity situation.

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Among the main restructuring conditions, the following can be underscored: condoning accrued and carried forward interests as of 9/30/14 for US$ 66,061,897.09; rescheduling capital maturities for US$ 120,605,058.33 or an 18-year term, with a 12 month grace period, having to fully pay an annual payment of US$ 3,000,000 as capital before 15/12/2032, in quarterly installments; an annual interest rate of 0.25%; keeping the pledge of assets and establishing restrictions on dividends payment. The preceding condition for the effectiveness of the agreement signed is that Endesa Costanera S.A. should carry out a payment of US$ 5,000,000 of the overdue debt, within the next 15 working days.

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Estimated financial effects due to the restructuring of this Endesa Costanera S.A. liability on Enersis S.A.s results as its controlling company, and corresponding to earnings, amounting to around US$ 62 million (Ch$36,000 million) and a financial debt reduction of consolidated financial states of approximately US$ 138 million (Ch$ 80,000 million).

Sincerely,

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Ignacio Anto�anzas Alvear

General Manager

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c.c. ����� Bolsa de Comercio de Santiago.

������������ Bolsa Electr�nica de Chile.

������������ Bolsa de Corredores de Valpara�so.

������������ Banco Santander Santiago  Representatives of the Bond Holders.

������������ Comisi�n Clasificadora de Riesgos.

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Enersis - Santa Rosa 76 - Telephone: (56 - 2) 2 3534400 - Casilla 1557  Correo Central - Santiago - Chile