Successful Strategy

Best-in-Class Corporate Governance Strong governance ✓ Minas Gerais, controlling shareholder - a positive influence . • • one of fastest growing, investor-friendly states in Brazil growth and profitability interest aligned with minority shareholders 7 from a total of 15 members are appointed by minority shareholders ✓ Pro-market corporate bylaws include • Minimum 50% dividend payout • Capex limited to 40% of EBITDA • • Net debt limited to 2.5x EBITDA Net debt limited to 50% of total cap. ✓ Leader in sustainability • Only Latin American utility in DJSI - Dow Jones since 1999 • ⚫ Included in the ISE - Bovespa Sustainability Index since 2005 ✓ Present in the Global Dow Index CEMIG Minas Gerais 10

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