In news published in the newspaper Valor Econômico, of April 25, 2012, entitled "Eletrobras relents and agrees to the acquisition of 51% Celg," states, among other information, that: - the agreements signed yesterday were the missing requirements for the Caixa Econômica Federal to approve the second tranche (of R$1.3 billion) of the loan to Celg D, whose resources will be used mainly to pay debts of ICMS and sector charges; - with the payment of these charges, Celg D may apply the tariff adjustments approved by the National Agency of Electrical Energy (ANEEL) since 2006; - with the tarifff adjustments and an improving financial situation of Celg D, which currently has debts of R$6 billion, Eletrobras expects to improve the financial condition of this company by 2014 and plans to invest R$1 billion in it over the next five years. We request clarification on these news until April 26, 2012, as well as any other information deemed important. Please note that this request falls under the Cooperation Agreement, signed by the CVM and BM&FBOVESPA on December 13, 2011, and that its non-compliance may subject the company to the possible application of penalty payment by the Department of Relations with Companies - SEP of the CVM, subject to the provisions of CVM Instruction 452/07. Regards Nelson Barroso Ortega
We hereby clarify the following, as already reported in previous Market Announcements,: - The aforementioned acquisition of 51% of the voting shares of Celg Distribuição S.A. - Celg D will only occur after the delisting of the company Companhia Celg de Participações -Celgpar; - The signing of the Shareholders and the Management Agreements were conditions precedent to the disbursement of the Second Tranche of R$1.3 billion (one billion three hundred million reais), under the loan granted by the Government of Goiás, through the Caixa Econômica Federal - CAIXA, to the Celg D; - The proceeds of the Second Tranche will be applied to the payment of debts of Sales Tax (ICMS, bank loans and energy of Itaipu); - The application of the tariff approved by the National Electric Energy Agency - Aneel, as well as the payment of a portion of the charges owed by Celg D with the proceeds of the Second Tranche, will depend on the formalization of the Terms of Debt Renegotiation of Celg D and Eletrobras represented by: Energy Development Account – CDE, Incentive Program for Alternative Sources of Energy - Proinfa, Global Reversion Reserve - RGR and Itaipu Energy, and - The amount mentioned to implementing the investment program over the coming years, will be covered by own resources, long-term debt and capital investments to be made by the shareholders in proportion to their shareholding in the company. Still, considering our duty to inform and aim to keep shareholders and the market in general updated, we will publish a further Market Announcement informing the evolution of this operation as soon as further information becomes available.