Investor Presentaiton

Productivity Program: Company plans to materially reduce its operating expenses A1 Recovery of the Quality Indicators A2 Revenue Management ■ New level of investments ■ Smart Grid ■ Digitalization of processes ■ Development of system to anticipate consumers' behavior Bring intelligence to the process ■ Transformation of the meter reader into a commercial agent Reduction of OPEX by R$ 350 milion¹ by 2018, in comparison with 2016 AES Eletropaulo 1 Reduction in real terms, compared to the OPEX of 2016, excluding the Pension Fund A 13

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