Investor Presentaiton

Breaking down Parcel B Remuneration (RAB) Depreciation Special Obligations Annuity (Other Assets) • R$ 732m • R$ 458m Net RAB of R$ 6.0 billion WACC of 8.09% Gross RAB of R$ 12.2 billion Depreciation Rate of 3.75% R$ 39m Remuneration of 3.34% R$ 134m Operational Expenses R$ 1,373m . Bad Debt R$ 198m . Other Revenues Productivity Gains - R$ 88m Remuneration and depreciation of IT, vehicles and administrative assets Xt Factor of -2.37%; Inclusion of labor liabilities, São Paulo salaries and underground network 0.85% of bad debt, considering Tariff Flag revenues ~60% of non-distribution revenues - R$ 33m • Xp Factor of 1.13% Parcel B R$ 2,812m AES Eletropaulo 50

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