1 Solids with strong electron correlations generally develop exotic phases of electron matter at low temperatures [1,2,3,4,5]. Among such systems, the heavyfermion semi-metal URu 2 Si 2 presents an enigmatic transition at T o = 17.5 K to a 'hidden order' state whose order parameter remains unknown after 23 years of intense research [6,7]. Various experiments point to the reconstruction and partial gapping of the Fermi surface when the hidden-order establishes [8,9,10,11,12,13,14,15,16,17,18]. However, up to now, the question of how this transition affects the electronic spectrum at the Fermi surface has not been directly addressed by a spectroscopic probe. Here we show, using angleresolved photoemission spectroscopy, that a band of heavy quasi-particles drops below the Fermi level upon the transition to the hidden-order state. Our data provide the first direct evidence of a large reorganization of the electronic structure across the Fermi surface of URu 2 Si 2 occurring during this transition, and unveil a new kind of Fermi-surface instability in correlated electron systems.Earlier angle-resolved photoemission spectroscopy (ARPES) experiments mapped the basic band structure of URu 2 Si 2 in the paramagnetic state (above T o ), establishing the existence of hole-pockets at the Γ, Z and X points of the Brillouin zone [19,20,21]. These experiments revealed strong disagreements with the calculations for the electronic structure and Fermi surface of URu 2 Si 2 . It was speculated that this was due to the presence of narrow features from the U-5f states, not taken into account by the calculations, and difficult to characterize experimentally with the resolutions available at the time [21]. To date, no reports exist of high-resolution ARPES experiments below or across T o . The pressing question is to determine experimentally the electronic structure near the Fermi level (E F ), inlcuding the heavy 5f states, above and below T o . Figure 1 summarizes our findings for the temperature evolution of the electronic structure near E F . Figure 1a shows the angle-integrated spectra of electrons with k , the momentum component parallel to the sample surface, along the (110) direction at two temperatures across the transition. At T = 26 K, the only apparent feature is a surface state (SS) at binding energies E B < −35 meV, observed at all the investigated temperatures (see Supple-mentary Material). In contrast, at 13 K a narrow peak at E B ≈ −7 meV appears, signaling the presence of a quasi-particle (QP) band. The temperature dependence of this QP band was systematically studied, and is shown in Figures 1b-d. In these figures we normalized 2 the spectra by the Fermi-Dirac distribution, following a well established procedure [22], to reveal the thermally occupied part of the spectral function up to energies ∼ 5k B T above E F .The angle-integrated data of Fig. 1b shows that at 26 K the QP band lies at E B ≈ 5 meV, at 18 K ≈ T o it appears right at E F , and below T o the band shifts to energies below E F . At 10 K the QP peak is ...