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Investor Presentaiton

Consolidated Net Debt - R$ billion RGR Subsidiaries 6.9 14.7 Parent Company O 22.0 Total: R$ 43.6 billion Consolidated Financing without RGR (-) Cash + Securities (-) Receivable Financing without RGR (-) Itaipu Reimbursement* (=) Net Debt without RGR = R$ 37.4 billion = R$ 8.5 billion = R$ 12.8 billion = R$ 2.9 billion R$ 13.2 billion *Amounts to be reimbursed to Eletrobras due to buying and salling of electricity generated by HPU Itaipu. Eletrobras 39
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