LIGHT S.A. CORPORATE TAXPAYER ID (CNPJ/MF): 03.378.521/0001-75 COMPANY REGISTRY (NIRE): 33.3.

0026316-1 PUBLICLY-HELD COMPANY EXCERPT FROM THE MINUTES OF THE BOARD OF DIRECTORS MEETING OF LIGHT S.A., HELD ON SEPTEMBER 2, 2011, DRAWN UP IN SUMMARY FORM, IN ACCORDANCE WITH PARAGRAPH 1 OF ARTICLE 130 OF LAW 6404 OF DECEMBER 15, 1976 (BRAZILIAN CORPORATE LAW).

1. Date, time and venue: September 2, 2011, at 2:30 p.m., at the headquarters of Light S.A., located at Avenida Marechal Floriano, 168, parte, 2 andar, corredor A, Centro, in the City and State of Rio de Janeiro (Company). 2. Attendance: The sitting members Sergio Alair Barroso - Chairman, Humberto Eustquio Csar Mota, Cristiano Corra de Barros, Djalma Bastos de Morais, Luiz Carlos Costeira Urquiza, Rutelly Marques da Silva, Andr Fernandes Berenguer and Carlos Alberto da Cruz, as well as the alternate members in office Fernando Henrique Schuffner Neto and Almir Jos dos Santos attended the meeting. The alternate members Luiz Fernando Rolla, Csar Vaz de Melo Fernandes, Carmen Lcia Claussen Kanter, Wilson Borrajo Cid, Paulo Roberto Reckziegel Guedes, Marcelo Pedreira de Oliveira and Magno dos Santos Filho also attended the meeting, but without voting. The attorney Cludia de Moraes Santos was invited to serve as secretary. The Companys Chief Executive Officer, Jerson Kelman, and the Executive Officers Joo Batista Zolini Carneiro, Paulo Roberto Ribeiro Pinto and Paulo Carvalho Filho were also present. 3. Agenda and Resolutions: 3.1. Election of the Vice-Chairman of the Board of Directors of Light S.A. and Light S.E.S.A. The Board members unanimously approved the appointment of Mr. Andr Fernandes Berenguer to the position of Vice-Chairman of the Board of Directors of Light S.A., as well as approved and instructed that the members appointed by the latter in the Board of Directors of Light S.E.S.A. approve the appointment of Mr. Andr Fernandes Berenguer to the position of Vice-Chairman of the Board of Directors of Light S.E.S.A. Both appointments are due to the resignation of the former Vice-Chairman, Mr. Aldo Floris, for the remaining term of office ending May 6, 2012.

3.2. Appointment of Members to Complete the Committees of the Board of Directors. The Board members unanimously approved the appointment of the following members to restructure the Board of Directors Committees: AUDIT COMMITTEE Fernando Henrique Schuffner Neto Cristiano Corra de Barros Csar Vaz de Melo Fernandes* Marcelo Pedreira de Oliveira *Coordinators 3.13. Agreement T-022/2011 (Light S.A. and Light ESCO S.A.) Change of the Corporate Purpose of Light ESCO Prestao de Servios S.A. By recommendation of the Management Committee, the Board members unanimously approved and recommended that the Board members appointed by Light S.A. at the Special Shareholders Meeting of Light ESCO Prestao de Servios S.A. approve the change of the corporate purpose of LIGHT ESCO Prestao de Servios S.A., that, if approved, will become effective with the following wording: CHAPTER II Corporate Purpose. ... Article 3 The Companys corporate purpose is: (i) to purchase, sell, import and export electric and thermal energy, gases and industrial utilities; (ii) to manage agreements and utilities in consumers facilities; (iii) to advise the energy market in general; (iv) to provide own or outsourced services related to projects, advisory, implementation, operation and maintenance of infrastructure for commercial and industrial facilities; (v) to rent real estate properties, in addition to acquire and sell goods related to the activity; (vi) to hold interest in other companies as quotaholder or shareholder; (vii) to provide services related to the telecommunication area; (viii) to operate as licensee and trade products under brands held by the Companys subsidiaries or associated companies; and (ix) to prepare projects and implement, operate and maintain energy cogeneration and utilities center, as well as trade generated products., as provided by Agreement T-022/2011 of September 2, 2011. 3.14. Agreement F-011/2011 (Light S.A.) BNDES Financing (PROESCO) Light ESCO S.A. Energy Efficiency Project, Guilherme Romano Building (Botafogo Medical Center). By recommendation of the Finance Committee, the Board members unanimously approved the conditions for the BNDES financing through a special PROESCO financing line granted to Light ESCO Prestao de Servios S.A., with the purpose of implementing energy efficiency project in Guilherme Romano Building (Botafogo
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FINANCE COMMITTEE Luiz Carlos Costeira Urquiza Cristiano Corra de Barros* Csar Vaz de Melo Fernandes Andr Fernandes Berenguer

MANAGEMENT GOVERNANCE COMMITTEE Fernando Henrique Schuffner Neto* Paulo Roberto Reckziegel Guedes Csar Vaz de Melo Fernandes COMMITTEE Djalma Bastos de Morais*

HR COMMITTEE Paulo Roberto Reckziegel Guedes* Cristiano Corra de Barros Csar Vaz de Melo Fernandes Mrio Antnio Thomazi

Srgio Alair Barroso

Csar Vaz de Melo Fernandes Andr Fernandes Berenguer

Rutelly Marques da Silva

Medical Center). Light S.A. will be the guarantor of the operation, in the surety type. The conditions are the following: (i) Beneficiary: Light ESCO Prestao de Servios S.A.; (ii) Intervening party: Light S.A.; (iii) Amount financed: three hundred seventyfour thousand reais (R$374,000.00), through Sub-loan A (R$176,087.00) and Sub-loan B (R$197,913.00); (iv) Purpose (Sub-loan A): Implementation of energy efficiency project in Guilherme Romano Building (Botafogo Medical Center), located in the City and State of Rio de Janeiro, upon the modernization of the cool water center, resulting in estimated decrease in consumption of 215 MWh/year (General Financed Investments PROESCO); (v) Purpose (Sub-loan B): Implementation of energy efficiency project in Guilherme Romano Building (Botafogo Medical Center), located in the City and State of Rio de Janeiro, upon the modernization of the cool water center, resulting in estimated decrease in consumption of 215 MWh/year (imported equipment); (vi) Guarantee: Light S.A. surety; (vii) Cost: TJLP + 1.81% p.a.; (viii) Period of use: up to February 15, 2012; (ix) Grace period: up to February 15, 2012; (x) Amortization: 60 monthly installments as of March 15, 2012; and as well as other conditions included in the BNDES decision attached to Agreement F-011/2011 of September 2, 2011. 3.15. Agreement F-012/2011 (Light S.A.) PROESCO Financing Energy Efficiency Project, So Bento 8 Building Condominium. By recommendation of the Finance Committee, the Board members unanimously approved the conditions for the BNDES financing through a special PROESCO financing line granted to Light ESCO Prestao de Servios S.A., with the purpose of implementing energy efficiency project in So Bento 8 Building. Light S.A. will be the guarantor of the operation, in the surety type. The conditions were the following: (i) Beneficiary: Light ESCO Prestao de Servios S.A.; (ii) Intervening party: Light S.A.; (iii) Amount financed: five hundred thirteen thousand, eight hundred eighty-eight reais (R$513,888.00); (iv) Purpose: Implementation of energy efficiency project in the So Bento 8 Building Condominium, located in the City and State of Rio de Janeiro, after repairs in existing fan-coils and cooling towers, installation of control valves and related infrastructure, automation of air conditioning system, civil constructions and electric and hydraulic works, resulting in estimated decrease in consumption of 878 MWh/year; (v) Guarantee: Light S.A. surety; (vi) Cost: TJLP + 1.81% p.a.; (vii) Period of use: up to March 15, 2012; (viii) Grace period: up to March 15, 2012; and (ix) Amortization: 60 monthly installments as of April 15, 2012; and, as well as other conditions included in the BNDES decision attached to Agreement F-012/2011 of August 12, 2011. 3.16. Agreement F-012/2011 (Light S.E.S.A.) Renewal of Working Capital Financing Lines Bancos Ita BBA S.A and PINE. By recommendation of the Finance Committee, the Board members unanimously approved and recommended that the Board members appointed by Light S.A. in the Board of Directors of Light S.E.S.A. approve the renewal of working capital financing lines by Ita BBA S.A. and Pine under the following conditions: a) Banco Ita BBA S.A.: (i) Instrument: Bank Credit Certificate (CCB); (ii) Borrower: Light Servios de Eletricidade S.A.; (iii) Lender: Banco Ita BBA S.A; (iv) Amount: up to fifty million reais (R$50,000,000.00), to be withdrawn according to borrowers needs; (v) Maximum term for each operation: up to 180 days; (vi) Line maturity: 180 days (renewable); and (vii) Cost: to be established at the moment of use; there should be no additional cost for the Company if the credit line is not withdrawn; and b) Banco PINE: (i) Instrument: Agreement to Grant a Loan Facility (Working Capital); (ii) Borrower: Light Servios de Eletricidade S.A.; (iii) Lender: Banco Pine; (iv) Amount: up to twenty million reais (R$20,000,000.00), to be withdrawn according to the borrowers needs; (v) Maximum term for each operation: up to 90 days; (vi) Line maturity: 90 days (renewable); and, (vii) Cost: to be established at the moment of use; there should be no additional cost
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for Light S.E.S.A. if the credit line is not withdrawn, according to Agreement F012/2011 of September 2, 2011. 3.17. Agreement F-013/2011 (Light S.A. and Lightger S.A) BNDES Financing Lightger: Approval of Documents Related to the Financing. By recommendation of the Finance Committee, the Board members unanimously: (i) approved the following instruments for the financing between BNDES and Lightger S.A., totaling one hundred twenty-five million, six hundred thousand reais (R$125,600,000.00), in compliance with BNDES Decision 508/2011 of May 31, 2011: 1) the Draft of the Financing Agreement between Lightger S.A. and BNDES, where Light S.A. and CEMIG Gerao e Transmisso S.A. are intervening parties, whose guarantees were exclusively provided by Light S.A., comprising the following: (a) the pledge of all current and future shares held in Lightgers capital stock; (b) the surety, with express waiver of the benefit of discussion, reporting to Light S.A. with joint and several liability, as surety and main payer, for all liabilities assumed in the financing; and (c) the obligation of investing own funds, in current currency, in Lightgers capital stock whenever necessary to meet each requirement of the physical and financial conclusion of the project, in accordance with the agreement; 2) the Draft of the Counter-guarantee Agreement between Companhia Energtica de Minas Gerais CEMIG and Light S.A.; 3) the Draft of the Fiduciary Assignment of Rights, Management of Accounts and Other Covenants Agreement, entered between BNDES, Lightger S.A. and Banco Bradesco S.A., of which Light S.A. and CEMIG Gerao e Transmisso S.A. are intervening parties; 4) the Draft of the 1st Amendment to the Shareholders Agreement between Light S.A. and CEMIG Gerao e Transmisso S.A., of which Lightger S.A. is consenting intervening party; and, 5) the Capitalization, Shareholders Support and Other Covenants Agreement between CEMIG Gerao e Transmisso S.A., Light S.A. and Lightger S.A.; and (ii) approved and recommended that the Board members appointed by Light S.A. in the Special Shareholders Meeting of Lightger S.A. approve the execution of the Financing Agreement between Lightger and BNDES and the Fiduciary Assignment of Rights, Management of Accounts and Other Covenants Agreement entered between BNDES, Lightger S.A. and Banco Bradesco S.A, as described in Agreement F-013/2011 of September 2, 2011. 3.18. Agreement F-013/2011 (Light S.E.S.A.) Letter of Guarantee Case LIR/LOI Fiscal Year 2004. By recommendation of the Finance Committee, the Board members unanimously approved and recommended that the Board members appointed by Light S.A. in the Board of Directors of Light S.E.S.A. approve the execution of a Letter of Guarantee under the following conditions: (i) Type: Letter of Guarantee; (ii) Bank: Bradesco; (iii) Principal Obligor: Light Servios de Eletricidade S.A; (iv) Beneficiary: Judge of the _th Federal Court of Tax Foreclosure of the Judicial District of Rio de Janeiro; (v) Parties: Plaintiff: Light Servios de Eletricidade S.A. and Defendant: Federal Government; (vi) Purpose: Writ of prevention of anticipated IRPJ and CSL debit guarantee (calendar year 2004) charged through administrative proceeding 15374-001.757/2008-13; (vii) Issue: Immediate; (viii) Fee: up to 1.00% p.a.; (ix) Amount: fifty-nine million, two hundred ninety-two thousand, four hundred eighty-five reais and one centavo (R$59,292,485.01), plus legal charges, restated up to August 31, 2011, plus legal charges (approximately 20%) set forth in Decree-Law 1025/69, amended by DecreeLaw 1645/78, restated by Selic; (x) Guarantee: Promissory Note; (xi) Term: Indefinite; and (xii) Waiver of rights set forth in Articles 827, 835 and 838 of the Civil Code. This Letter of Guarantee aims at filing the Writ of Prevention of anticipated guarantee to the future Tax Foreclosure, with a view to enabling the discontinuance of credit liabilities and the consequent renewal of federal tax certificates, related to the Administrative Proceeding 15374-001.757/2008-13 (case LIR/LOI), as provided by Agreement F013/2011 of September 2, 2011.
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3.20. Resignation of Legal Officer Ana Silvia Corso Matte. The Chairman of the Board of Directors, Mr. Sergio Alair Barroso, announced to the other Board members the resignation request submitted by Ms. Ana Silvia Corso Matte as Legal Officer of Light S.A. and Light S.E.S.A., who shall occupy the position up to the Board of Directors Meeting that resolves on the election of a new Officer for the position. He also took the opportunity to thank her for the services provided to the Companies. 3.21. Election of the Legal Officer 3.21.1. Executive Board of Light S.A. In view of resignation of Ms. Ana Silvia Corso Matte as Legal Officer of Light S.A., the Board members unanimously approved the election of Mr. Fernando Antnio Fagundes Reis, Brazilian, married, bachelors degree in Law, Identity Card M.3.445.200 SSP/MG, Individual Taxpayer ID (CPF/MF) 628.925.096-53, with office at Avenida Marechal Floriano 168, Centro, CEP 20080-002, in the City and State of Rio de Janeiro, to hold the position of Legal Officer, for the remaining term of office, that is, up to August 7 , 2012, with the duties and responsibilities established by the Shareholders Meeting, with no changes in other Officers and their corresponding Boards. The Officer hereby elected declares in advance that he is not impeded from exercising mercantile activities, he does not hold a position in any entity that can be considered a competitor of the Company and does not have conflict of interest with Light S.A. 3.21.2. Executive Board of Light Servios de Eletricidade S.A. In view of resignation of Ms. Ana Silvia Corso Matte as Legal Officer of Light S.E.S.A., the Board members unanimously approved and recommended that the Board members appointed by Light S.A. in the Board of Directors of Light S.E.S.A. approve the election of Mr. Fernando Antnio Fagundes Reis, Brazilian, married, bachelors degree in Law, Identity Card M.3.445.200 SSP/MG, Individual Taxpayer ID (CPF/MF) 628.925.096-53, with office at Avenida Marechal Floriano 168, Centro, CEP 20080002, in the City and State of Rio de Janeiro, to hold the position of Legal Officer, for the remaining term of office, that is, up to August 7 , 2012, with the duties and responsibilities established by the Shareholders Meeting, with no changes in other Officers and their corresponding Boards. The Counsel hereby elected declares in advance that he is not impeded from exercising mercantile activities, he does not hold a position in an entity that can be considered a competitor of Light S.E.S.A. and does not have conflict of interest with Light S.E.S.A. 4. Closure: There being no further business to address, these minutes were drawn up and subsequently signed by me, the secretary, and all attending shareholders. This is a free English translation of the excerpt of the minutes of the Board of Directors Meeting of Light S.A., held on the date hereof.

Cludia de Moraes Santos Secretary