Strong Balance Sheet to Support Growth

EBITDA Guidance - 2015/2019 Main assumptions Average annual market growth rate of 1.7% GT and 2.6% D (2017-2020) Creation of seven SPV to operate the plants of the 2015 Concessions Auction ('Lot D') Considers Jaguara and São Simão up to June 2016, and Miranda up to December 2016 Excludes benefits from indemnities received from expired generation concession contracts CEMIG Value revision of transmission indemnity considering rules set by Mining and Energy Ministry (impact on financial revenue/expenses) 5.382 5.097 4.755 4.205 3.997 4.357 4.126 3.849 3.404 3.235 >4 Net debt/Ebitda <2.5 2016 2017 2018 2019 2020 2016 2017 2018 2019 2020 Figures in constant 2016 currency 15

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