Investor Presentaiton

Migration to Novo Mercado: A New Path of Value Creation Exchange Ratio Proposed exchange ratio of 1:1 ON/PN, providing similar conditions for all shareholders ■ BoD Meeting: call of EGM/Preferred Shareholders Special Meeting Timetable ■ EGM/Preferred Shareholders Special Meeting ■ Novo Mercado listing expected for 4Q171 Current Shareholder Structure² AES Holdings BNDESPAR C: 50.52% P: 0.00% T: 16.84% Brasil AES Eletropaulo C: 22.56% P: 16.82% Others C: 26.92% P: 83.18% T: 18.73% T: 64.43% AES Eletropaulo Post-migration Shareholder Structure AES Holdings Brasil BNDESPAR Others T: 16.84%³ T: 18.73%³ T: 64.43%3 AES Eletropaulo 1 - Assumes new by-laws are approved on first Preferred Shareholders Special Meeting. In case a second and a third PSSM are needed to approve the new documents, the transaction would take approximately four additional months to be completed; 2 - As of June 9th, 2017; 3 - Comprised only by common shares C 32

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