Investor Presentaiton

Recent events in course in the energy sector GSF and PLD Provisory Measure: New proposals for the sector GSF: New renegotiation proposal PLD: Change in calculation Disco's Overcontracting Contracted tariff above 105% Tariff Flags 3.0 18% Red Flag reduction 4th Tariff Review Cycle Economic-financial sustainability AES Eletropaulo Special tariff review 23.4% average increase 3rd Tariff Review Cycle Reduced Ebitda margin MP 579 / Law 12,783 18% reduction of the tariff benefited the increased consumption Hydrological challenges Discos' cash flow mismatch Tariff Flags Reduced the split of the distribution company's cash flow 83% Red Flag increase Government Subsides CDE and debt via CCEE 46

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