Corporate Presentation

March 2012

Light Holdings

Light S.A. (Holding)

100% Light Servios de Eletricidade S.A.

100% Light Energia S.A. 25.85% Renova Energia S.A.

51% Lightger S.A.

100% Itaocara Energia Ltda.

25.5% Amaznia Energia S.A. 9.77% Norte Energia S.A.

100% Light Esco

Prestao de Servios S.A.

100% Lightcom
Comercializadora de Energia S.A.

100% Light Solues em Eletricidade Ltda.

100%

51% Axxiom Solues Tecnolgicas S.A.

20% CR Zongshen E-Power

Fabricadora de Veculos Ltda.

Instituto Light

51% Guanhes Energia

33%
EBL Cia de Eficincia Energtica S.A

Distribution

Generation

Commercialization and Service

Institutional

System

Electric Vehicles

Rankings
Among the largest players in Brazil
Integrated Net Revenues 2010 R$ Billion
12,9 12,1 43.737 8,9 6,9 6.2 5,1 43.345 30.562 22.384 22.358

Distribution Energy Consumption in Concession Area (2010) - GWh1

52.044

Generation Private-owned Companies Installed Hydro-generation Capacity (MW) oct.11

5.630

2.660

2.307 2.150

1.790

866

Souce: Companies reports Note: 1 Captive market + free clients 2 It doesnt consider the consumption of CSN and CSA

Shareholders Structure
BTG PACTUAL
14.29% 2.75% 28.57% 5.49% 28.57% VOTORANTIM 5.49% 28.57% 5.49% 100% 25.64%* 75% 19.23% 25% 6.41% FIP REDENTOR CEMIG

Indirect stake in blue

11 Board members: 8 from the controlling group, 2 independents e 1 employees nominated A qualifying quorum of 7 members to approve relevant proposals such as: M&A and dividend policy

SANTANDER

BANCO DO BRASIL

PARATI 25%

MINORITY SHAREHOLDERS
3.20%

LUCE LLC 96.80% 75% REDENTOR ENERGIA 100% 13.03% 9.77%

0.42%

FIP LUCE 100% 13.03%

FOREIGN 66.94%

NATIONAL 33.06%

CEMIG 26.06%

RME 13.03% Controlling Shareholders 52.1% 13.03%

LEPSA

BNDESPAR 15.02%

MARKET 32.85%

Free Float 47.9% Light S.A. (Holding) Percentage in blue: indirect stake in Light
*12.61% (RME) + 13.03%(LEPSA)

Corporate Governance
Shareholders

Controller discussion group

11 Board members: 2 independent and 1 employees nominated 2 years term Fiscal Council Manual of Corporate Governance

Controller group

Minority

General Assembly Fiscal Council Interface Board of Directors Governance and Sustainability Committee Human Resources Committee

Auditors Committee

Management Committee

Finances Committee

Management

LGSXY
ADR-OTC
5

Distribution Business
5th

largest energy distribution company in Brazil

LIGHT

4.0 million clients (serving 10 million people) Energy sales (2011) 22,932 GWh 70% of the consumption of Rio de Janeiro state (Brazils 2nd GDP)

Energy Consumption
Distribution
ELECTRICITY CONSUMPTION TOTAL MARKET (GWh) - Year

+3.1% a.a +2.5% FREE 14.0%

20,928
27,5 25,5 23,5 21,5 19,5 17,5 15,5 2008

21,491

22,384

22,932

OTHERS 15.3%

INDUSTRIAL 8.1%

21.7 C 23.8 C

22.0 C 25.0 C

22.1 C 24.5 C

21.7 C 23.9 C
Srie1

COMMERCIAL 27.2%

RESIDENTIAL 35.5%

2008

2009

2010
2010

2011
2011

Industrial

Residencial

Comercial

outros

Livre

2009

Note: To preserve comparability in the market approved by ANEEL in the tariff adjustment process, the billed energy of the free customers Valesul, CSN and CSA were excluded in view of these customers planned migration to the core network.

Total Market
ELECTRICITY CONSUMPTION (GWh) TOTAL MARKET - YEAR
+2.5%

22,384

22,932

2.924
+2.1%

3.056

8,243

8.418

+4.3%

6,679
0.0%

6,967 657
+2.5%

19,459

19,877

523

3,945

3,944 6,157 6,310

3,516 174 3,342

3,603 185 3,417

2,228
1,717

2,213
1,731

2010 2010

2011 2011

2010 2010

2011 2011

2010 2010

2011 2011

2010 2010

2011 2011

2010 2010 TOTAL

2011 2011

RESIDENTIAL

INDUSTRIAL

COMMERCIAL

OTHERS

CAPTIVE

FREE

Prospects for Rio de Janeiro R$ 181 billion in investments 2011-2013

Others R$ 6.7 bn 29.5% Transformation Industry R$ 29.5 bn 16.3% Tourism R$ 0.9 bn 0.5%

Infrastructure R$ 36.3 bn 20.0%

Oil R$ 107.9 bn 59.5%

Source: Firjan (Industry Federation of Rio de Janeiro)

Economic activity leading to more demand

-Coquepar (42MW) -Procter & Gamble (10MW) -Alpargatas (ND) -RHI (5MW) -Lavazza (3MW) -Ajebras (5MW) -Reluz (ND) -Embelleze (5MW) -MRS (ND) -Nestl (3MW)
S I
Santana do De se rto Alm Paraba
Volta Grande

A
Ca rmo Sapuc aia

R
Chia dor

-AMBEV (ND)
N I M
Passa Vinte

A
Rio Preto Santa R ita de Jacutinga

G
Com.Levy Gasparian

Sumidouro

Duas Barras

Trs R ios Paraiba do Sul So Jos do Vale do R io Preto

Rio da s Flores Valen a Areal

Terespolis

Vassouras Re send e
Porto

Re al

Qua tis

Volt a R edonda Ba rra d o Pira Eng. Paulo de Frontin

Pati do A lferes Migu el Pe re ira Me nde s Petrpolis

Pinhe iral Ba rra M ansa

Paracambi Pira B anan al Ca xias

Japeri
Be lford Roxo Nova S.J . Igua u Me riti Nilpolis

Mag

Rio Cla ro Seropedica

Que imados

-Petrobras (15MW) -CSN (100MW) -Gerdau (30MW) -Usiminas (20MW) -LLX (40MW) -Base Naval(25MW) -Hotel Comfort (3MW)

Ita gua i

So Gonalo RIO DE JANEIR O

Angra
dos R eis

Rio Janeiro

Niteri

Ma nga ratiba

B a a de S e p e t i b a
R es ting a de Mar amba ia

ILHA GRANDE

-Gerdau (90MW) -Shop.CampoGde(3MW)

-Bio Manguinhos (ND) -Hermes (3MW) -Votorantin (ND) -Ongoing (ND) -Bunge (ND) -AMBEV (2MW) -GE (6MW) -Shop. Metropolitano (10MW)

-Maracan (ND) -Port Maravilha (ND) -Morar Carioca (ND) - International Airport (5MW) - Inhauma Shipyard (ND) -Atento (2MW) -Expansion Nova Amrica (4MW) -Expansion Norteshopping (3MW)

10

Collection

COLLECTION RATE BY SEGMENT YEAR

PDD / GROSS REVENUE

97.9% 97.4%

94.1% 94.3%

100.8% 101.0%

107.1%

102.6%

3.2%

3.2%

3.1%

Total Total

Retail Varejo
2010 2010

Large Grandes Clientes Customers

2011

Public Sector Poder Pblico

2009 2009

2010 2010

2011 2011

2011

11

Loss prevention
LOSS (12 MONTHS)
41.8% 41.6% 41.3% 40.7% 40.5% 178.2 35.1% 7,493 7,543 7,619 7,627 7,591
-12.0%

RECOVERY GWh

169.3

5,278

5,312

5,326

5,299

5,256

2010 1S10 2010

2011 1S11 2011

2,215 Dec/10

2,231 Mar/11

2,293 Jun/11

2,328 Sep/11

2,335 Dec/11

INCORPORATION GWh
+107.8%

dez /10

mar/11

Non-technical losses GWh

jun/11

set/11

dez /11
67.6

140.4

Technical losses GWh

% Non-technical losses / Low voltage market

% Non-technical losses / Low voltage market - Regulatory
1S10 2010 2010 1S11 2011 2011

12

New Technology Program

Light aims to reduce losses through investments in new technologies, integration of operational activities, increase of public awareness and institutional partnerships with interested agents
Grid shielding projects Technology used in regions in which conventional measures are not effective Areas that present high levels of non-technical losses
Control room

Actual grid REDE ATUAL

Medium voltage

Shielded grid REDE BLINDADA

Centralized meter Medium voltage Low voltage

Low voltage

3m

9m

75 412

75 412

Mechanical Meter

Display

13

New Technology Program

Meters Installed
(as of Dec, 2011)
208,000 160,000 38,000

Monitoring,

reading, cutting and reconnection of customers telemetry MCC (Measuring Center Centralized)
TOTAL INDIVIDUAL (ITRON) CENTRALIZED

Prioritization Technology

in areas of high losses and aggressiveness to the network hindering interference in networks inappropriate

(LANDIS GYR
CAM and ELSTER)

14

New Technology Results - Individual

Losses (before): 26% Losses (current): 5%

15

New Technology Results - Centralized

Losses (before): 53% Losses (current): 11%

16

Program Gains An example

NEW METER INSTALLATION

REAL CONSUMPTION

300 kWh
ENERGY SAVED 100 kWh LOST ENERGY 200 kWh BILLED CONSUMPTION 100 kWh BILLED CONSUMPTION INCREASE 100 kWh

OTHER EFFECTS (BY-PRODUCTS):

BAD DEBT PROVISION REDUCTION OPERATIONAL COSTS REDUCTION

CAPEX GOES TO THE RAB

17

Transformation of risky areas

18

Outcome of Actions in Pacified Communities

Community Clients Santa Marta Losses Delinquency Chapu Mangueira Clients Losses Delinquency Cidade de Deus

Before 80 90% 70% 408 56% 74%

After 1.593 1% 3% 600 2% 3%

Community Clients Cantagalo Losses Delinquency Clients Tabajaras Losses Delinquency

Before 1.054 68% 79% 295 50% 70%

After 1.635 51% 36% 1.281 21%

Clients
Losses Delinquency Clients

2.800
61% 68% 389 73% 54% 470 58% 52% 0 100% 100%

3.826
7% 9% 1.017 7% 13% 807 9% 14% 423 8% 10% Formiga Borel Cabritos

Clients
Losses Delinquency Clients Losses Delinquency Clients Losses Delinquency

199
50% 70% 2.241 55% 48% 199 61% 48%

1.673
22% 3.135 1.673 -

Babilnia

Losses Delinquency Clients

Casabranca

Losses Delinquency Clients

Batan

Losses Delinquency

19

Generation Business

20

Installed Capacity

Installed Capacity 855 MW

100% 100%
Paraiba do Sul River

HPP Santa Branca 56 MW

Lajes Complex SP HPP Santa Branca RJ

HPP Ilha dos Pombos

HPP Ilha dos Pombos 187 MW

100%

100%

100%

HPP Fontes Nova 132 MW

HPP Underground Nilo Peanha - 380 MW

HPP Pereira Passos 100 MW

21

Re-pricing of existing energy

GENERATION Assured energy: 537MW average

27

27 146

27

276
510 234 130
2008-2012 2013 Contracted Energy New Contracts

234
2014

Uncontracted Energy

Hedge

22

New Generation Projects

Investments in Renova and Belo Monte, in line with our strategy of growing in the generation business
Installed Capacity (MW)

+ 75.4%
280 277 74 1,519

866

13

Capacidade Paracambi (+) PCH Capacity Atual Paracambi

Considering 51% stake Considering 25.9% stake Considering 2.5% stake

Current

SHP

SHP (+) PCH Lajes

Lajes

HPP (+) UHE Itaocara

(+) Renova (+) Renova

Itaocara

(+) Belo (+) Belo Monte Monte

Capacidade After aps Expansion expanso

Capacity

23

Renova Contracts

Operation Startup (Estimated)

Installed Capacity (MW)

Estimated Energy (MW average)

Realized CAPEX (R$ MN)

Average Load Factor (%)

Total CAPEX (R$ MN)

Contract

SHPP

20

IGPM

In operation since 2008

41.8

61.3

24.2

189

BNB Contracted

185.17

LER 2009

14

20

IPCA

Jul - 2012

293.6

50.7

148.9 (*)

1,170

761.7

BNB Contracted

145.81

LER 2010

20

IPCA

Sep - 2013

162

53.6

86.8 (*)

599

14.1

BNDES application

121.25

Y-3 2011

20

IPCA

Mar - 2014

212.8

50.8

108.1 (*)

702

BNDES application

98.53

PPA Light 1

10 (E)

20

IPCA

2015

200

50.0 (E)

100 (E)

660

PPA Light 2

10 (E)

20

IPCA

2016

200

50.0 (E)

100 (E)

660

* Does not considered the network basic losses .

Tariff (R$/MW)
-

Term (years)

Index

Loan

Sites

24

Belo Monte Overview

Norte Energia S.A. Shareholders Profile
Technical data on the concession:

Amaznia Energia 9,77% Self prod. 10,00%

Concession period 35 years End of concession August 25, 2045

Technical data on the project:

Others privates 30,25%

Installed capacity - 11,233 MW Main engine room 11,000 MW Auxiliary engine room 233 MW

Public sector 49,98%

Assured Energy (Average MW) 4,571 MW Reservoir 516 Km Flooded area/generation ratio of 0.05 Km/MW 5,000 families affected Estimated project cost (April 2010) R$ 25.8 billion

Other Informations:
49.0% CS 100.0% PS 74.5% of total stock 51.0% CS 0.0% PS 25.5% of total stock

Amaznia Energia will own 9.77% of the enterprise. Construction works estimated to take 9 years. Transaction does not affect Light s dividend flow

Amaznia Energia Participaes S.A

BNDES loan ensures leverage at low cost on favorable terms. Tender 30 years, fixed installments, 85% of items financiable, PSI line.

9.77% Norte Energia S.A (Belo Monte)

Amaznia Energias equity in the project estimated at R$ 150 million (Apr.

2010), to be disbursed over 6 years. Expansion of generation portfolio: Increases Lights total generation portfolio by 280 MW

Terms for sale of electricity generated already set. Regulated Market: 70%; Free Market: 20%; Self-producers: 10%.

25

Guanhes
TOTAL CAPEX R$ Million
PCH Installed Capacity (MW) Assured Energy (MW average) ANEEL Authorization Operation - Start up Authorization Term Dores de Guanhes 14 8 11/22/2002 Dec/13 Senhora do Prto 12 6.77 10/08/2002 Dec/13

269.2
Jacar 9 5.15 Fortuna II 9 5.11 Total 44 25.03

Equity

60.2 57.8

Light Energia Cemig GT BNDES

10/29/2002 12/21/2001 Feb/14 Oct/13

Debt

151.2

30 years (with renewal for 20 years)

26

Results

27

Net Revenue
NET REVENUE BY SEGMENT (2011)* NET REVENUE (R$ MN)
+6.7%

Generation 5.4%

2011
5,38%

Commercialization 3.0%
3,05%

Distribution 91.6%**

6,508.6 552.8
+4.7%
3.3%

6,944.8 794.6

6,150.1 1,733.1 195.8

2.6%

1,815.1 237.8 1,577.3

5,955.8

*Eliminations not considered 91,57% ** Construction revenue not considered

NET REVENUE FROM DISTRIBUTION (2011)

Others (Captive)
13.5%

1,537.3 4Q10
4T10

2011

Network Use (TUSD) 2.3%

4Q11

4T11

2010

2010

2011

2011

Industrial 8.4%

(Free + Concessionaires)

Construction revenue Revenue w/out construction revenue

Commercial 30.3% Residential 45.6%

28

Operating Costs and Expenses

DISTRIBUTION MANAGEABLE COSTS (R$MN)
+10.3%

COSTS (R$MN)* 2011

Manageable (distribution): R$ 1,252.7 Non Manageable (distribution): R$ 3,772.2
No (70.5%) gerenciveis; 3.772,2; 70,52%
Gerenciveis; 1.252,7; 23,42%

1,136.0
-15.6%

1,252.7

(23.4%)

2011

330.1

278.7

Generation and Commercialization: R$ 323.9

(6.1%)

Gerao e Comercializao; 323,9; 6,06%

4T10

4Q10
4Q11 149.6 56.8 35.3 21.5 72.3 278.7

4T11 4Q11

2010 2010

2011 2011

R$ MN PMSO Provisions

4Q10 198.8 57.2 49.3 7.9 74.0 330.1

Var. -24.8% -0.8% -28.5% 171.8 -2.3% -15.6%

2010 637.4 208.4 254.8 -46.4 290.2 1,136.0

2011 646.5 299.4 251.3 40.8 306.8 1,252.7

Var. 1.4% 43.7% -1.4% 5.7% 10.3%

*Eliminations not considered PDD Contingencies

Depreciation Total

29

EBITDA

CONSOLIDATED EBITDA (R$MN)

EBITDA BY SEGMENT* 2011

-21.5%

1,584.6 1,243.6
-3.3%

Distribution 79.3% Distribuio ;

2011

Generation 19,5%

(EBITDA Margin :17.4%) 994,3; 79,29%

(EBITDA Margin: 72,7%)

Gerao; 244,0; 19,46%

339.1

328.1

Commercialization 1,3% ; 15,7; 1,25%

(EBITDA Margin: 8,3%)

Comercializao

4T10 4Q10

4T11 4Q11

2010 2010

2011 2011

*Eliminations not considered

30

EBITDA

EBITDA CONSOLIDATED 2011/2010 R$ Million

EBITDA - 2011/2010 - R$ Milhes

194 1,585 1,244 (436)

(17)

(83)

EBITDA EBITDA - 2010 2010

Net Revenue Receita Lquida

Non - Manageable Custos No Costs Gerenciveis

Manageable Custos Costs (PMSO) Gerenciveis (PMSO)

Provisions Provises

EBITDA EBITDA - 2011 2011

31

Net Income
Lucro Lquido - Semestre NET R$ Milhes INCOME

R$ MILLION

575

243

311

(28)
(341) (138)

2010 2010

EBITDA EBITDA

Resultado Financial Financeiro

Impostos Taxes

Outros Others

2011 2011

Result

32

Dividends
DIVIDENDS AND DIVIDEND YIELD

PAYOUT AND DIVIDEND POLICY

8.2% 4.2%

9.9%

8.1% 1.7%

8.1%

6.1% 3.4% 3.3% 100% 100% 76.3% 205 87 182 81.0% 100%

351

408

432 363 187 351

203

50%

118
1H08 1S08 2H08 2S08 1H09 1S09 2H09 2S09 1H10 1S10 2H10 2S10 1H11 1S11 2H11 2S11 1H12 1S12
2007 2007 2007 2008 2008

2008

2009 2009*

2009

2010 2010

2010

2011 2011

9M11

Dividends (R$ MN)

Interest on Equity (R$ MN)

Dividend Yield*

Payout

Dividend Policy

Based on the closing price of the day before the announcement

Based on Net Income of the year, before IFRS adjustments

33

Indebtedness leverage
Net Debt (R$ MM) and Net Debt / EBITDA

Rating (brA - )

Investment Grade (brA)

Rating (brA + )

Rating (Aa2.br)

Rating (AA-(bra)) Dec/11

3,383

DL/EBITDA
1,462 1.3 1,580 1.1 1,637 1.2

1,947

2.7

1.2

2007

2007 20072

2008

2008 2008

2009

2009 2009

DL/EBITDA

2010

2010 2010

2011

2011

2011

Net Debt

Net Debt/ EBITDA

Net debt = total debt (excludes pension fund liabilities) cash EBITDA Pro Forma, not considering costs of profit sharing costs in 2007.

34

Indebtedness
NET DEBT EVOLUTION
3,383.2

AMORTIZATION * (R$ MN) Maturity: 2.8 years

778

1,947.4 421 1.2 2.7

541

581

680

598

Dec/10
jan/10

Dec/11
jan/11

2012
* Only Principal

2013

2014

2015

2016

After 2016 Aps 2016

COST OF DEBT
13.97% 9.84% 7.62% 11.08% 11.01% CDI/Selic 69.0%

2011

TJLP 30.3%
US$/Euro 0.7%*

5.30%

4.88%

4.51%

2007
2008 2007

2007 2008
2009 2008 2009
Real Cost

2008 2009
2009 2010 CustoCusto Real Nominal
2010
Nominal Cost

2009 set/10
2011 set/10 2011

set/10
* Considering Hedge

2008

Custo RealCusto Real

Custo Nominal Custo Real

Custo Nominal Custo Nominal

35

Investments
CAPEX (R$MN) CAPEX BREAKDOWN (R$MM) 2011
Generation Others Maintenance New R$ 63.9 Generation R$ 29.0 Projects

+32.5%

928.6 700.6 546.7 354.7 563.8

R$ 60.8 Quality Improvements R$ 200.5

Develop. of Distribution System R$ 390.1

Losses Combat R$ 184.3

2007 2007

2008 2008

2009 2009

2010 2010

2011 2011

Transfer of funds (R$MN) 2011

RENOVA BELO MONTE AXXIOM LIGHT SOLUES E-POWER ITAOCARA LIGHTGER TOTAL 360.0 37.7 1.0 1.3 0.3 7.2 4.6 412.1

36

Important Notice

This presentation may include declarations that represent forward-looking statements according to Brazilian regulations and international movable values. These declarations are based on certain assumptions and analyses made by the Company in accordance with its experience, the economic environment, market conditions and future events expected, many of which are out of the Companys control. Important factors that can lead to significant differences between the real results and the future declarations of expectations on events or business-oriented results include the Companys strategy, the Brazilian and international economic conditions, technology, financial strategy, developments of the public service industry, hydrological conditions, conditions of the financial market, uncertainty regarding the results of its future operations, plain, goals, expectations and intentions, among others. Because of these factors, the Companys actual results may significantly differ from those indicated or implicit in the declarations of expectations on events or future results. The information and opinions herein do not have to be understood as recommendation to potential investors, and no investment decision must be based on the veracity, the updated or completeness of this information or opinions. None of the Companys assessors or parts related to them or its representatives will have any responsibility for any losses that can elapse from the use or the contents of this presentation. This material includes declarations on future events submitted to risks and uncertainties, which are based on current expectations and projections on future events and trends that can affect the Companys businesses. These declarations include projections of economic growth and demand and supply of energy, in addition to information on competitive position, regulatory environment, potential growth opportunities and other subjects. Various factors can adversely affect the estimates and assumptions on which these declarations are based on.

37

Annex

38

Renova
Highlights 1st listed renewables company on BM&FBovespa 42 MW operating trough 3 SHPs (2008) 1.096 MW wind energy already contracted 1.461 MW in SHPs projects 2.042 MW in Wind projects Former prospections assured one of the best spots for wind projects Top of the class suppliers and strong financial sponsors Origination and organization of project finance
42MW of SHPs in operation
Wind projects Inventaries Basic projects

Energy Auctions
The largest seller in 2009 reserve energy auction The largest seller in 2010 reserve energy auction The second largest seller in 2011 reserve energy auction

Geographic Distribution
1.096 MW of wind energy in implementation

39

Tariff Readjustment
Starting November , 7, consumers will notice, on average, an increase of 7.90% on tariffs

Economic Readjustmen t +7.21%

Financial Additions 2011

Total Readjustmen t

Financial Additions 2010

Average Perception for Consumers +7.90%

+6.57%

+
- 0.64%

-1.33%

Captive 7.79% HV 4.64% MV 7.77% LV 7.98% Free 8.06% HV 7.14% MV 9.65% LV 11.07% Gen. 7.27% Distr. 11.92%

40

3rd Tariff Review Final Proposal

X Factor
Formula: X = Pd + Q + T
Formula: Pd (i=Light) = 1.11% + 0.313 x (VarMWh (Light) 4.25%) 0.260 x (VarUC (Light) 3.58%) Q = Crossing matrix: Quality Index.i = x (ELC realized/ELC limit + EFC realized/EFC limit) Comparison with peers over quartiles = general rule, best and worst performance with the annual quality evolution. Result between +1.0% and -1.0%; T: Trend between the update of the operating costs defined in the second Tariff Review, considering the productivity gains and real costs updated - Interval = 99% and 119%. Result between +2.0% and -2.0%.

Others Revenues
Accounting: Special Obligation account; Due date: It will be deducted of the RAB (Regulatory Asset Base) from the 4th Tariff Review on, in the case of Light in 2018 Main objective: These revenues would become investment in the concession area with no regulatory remuneration, instead of reducing the companys required revenue.

WACC

Component Business and financial risk premium Country risk Nominal cost of equity Real cost of equity Cost of Debt Credit risk Nominal cost of debt Real cost of debt Weighted Average Cost (with 34% of taxes) Nominal WACC after tax Real WACC after tax Capital Structure Equity Debt

Formula

b.(rm -rf) rb rp

3rd Tariff Revision 4.31% 4.25% 13.43% 10.72%

2nd Tariff Revision 4.70% 4.91% 16.71% 13.75% 2.96% 14.97% 12.06% 12.81% 9.95%

rc rd

2.14% 11.26% 8.60%

rwacc rwacc

10.13% 7.50%

45.00% 55.00%

42.84% 57.16%

41

Contacts

Joo Batista Zolini Carneiro

CFO and IRO

Gustavo Werneck
IR Manager + 55 21 2211 2560 gustavo.souza@light.com.br

www.light.com.br/ri

42