Investor Presentaiton

800 600 400 Sectorial Overview 2 Eletrobras Settlement Price Difference PLD average (R$/MWh) Submarket North 200 0 jan feb 800 600 400 200 0 mar apr Submarket Northeast 800 600 400 200 0 may jun jan feb mar apr may jun 2015 2014 2013 Submarket South 2015 2014 2013 Submarket Southeast/Midwest 800 600 400 200 0 jan feb mar apr may jun jan feb mar apr may jun 2015 2014 2013 2015 2014 2013 Source: CCEE. 21

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