INVESTOR RELATIONS

Bi-monthly Newsletter Year I No. 0

This is the launch issue of Lights IR newsletter. Exclusively created for our investors, the newsletter will be released every two months and includes the companys actions, projects and results. Wait for our news and enjoy your reading.
Investor Relations Department. Superintendence of Finance and Investor Relations.

6th LIGHT ANNUAL AND INVESTORS MEETING

n June 25, the 6 Light Annual and Investors Meeting was held at Centro Cultural Light. Paulo Roberto Pinto, Lights CEO, opened the event presenting the Companys results and investments, with special mention to the project rea de Perda Zero (APZ Zero Loss Area) Light Legal , which associates technology, relationship and the continuous work of teams trained to act in areas with high losses and default levels. Rio de Janeiro is a place where losses are linked to the financial situation of residents in a very peculiar way, a matter that is associated with city regions with high informality. The increase in peoples income increase tends to push the percentage of losses up and not the other way around. With APZ, we are on our way to minimize this problem. We want to reach 30 units and 400,000 clients by December, "said Paulo Roberto Pinto.

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With APZ, we are on the right path to minimize losses. We want to reach 30 units and 400,000 clients by December. Paulo Roberto Pinto.

a watershed for Light, and it may have an impact on the companys results and the markets confidence on the companys policies to fight its losses. With respect to the tariff review, Joo Batista Zolini highlighted the importance of the technical work that has been done with the Brazilian Electricity Regulatory Agency (Aneel) to establish a level of regulatory losses that allows the company to continue with its investments. "We are trying to establish a regulatory loss curve that complies with Aneels rules, but also considers Rios distinct situation," said Mr. Zolini. Lights Energy Officer, Evandro Vasconcelos, discussed marketing strategy and generation expansion. "The repricing of Light Energias energy, previously contracted in the 2004 auctions that expire now in 2013, represents a substantial increase in Lights EBITDA. We also made large investments in infrastructure over the last four years. The expansion plan of Light s generation park envisages an installed capacity increase of 59.8% by 2017, considering the interest in the Lajes, Renova, Belo Monte, Itaocara and Guanhes power plants, "said Vasconcelos.

Also present were Joo Batista Zolini, Chief Financial and Investor Relations Officer; Evandro Vasconcelos, Energy Officer; Ziza Valadares, Communication Officer; and Ricardo Rocha, Distribution Officer. The businessman Luiz Pinheiro, responsible for APZ Cosmos (Campo Grande), was invited to talk about the successful performance of his, which was the pioneer unit. "In nine months of operation, APZ Cosmos, which has 35,000 clients, reduced commercial losses from 48% (before the implementation of the centralized measurement system) to 16.2%. Default increased from 91.5% to 99.2%. This is quite a significant result, "said Pinheiro. Some analysts who visited APZ Cosmos, in Campo Grande, on the day of the Investors Meeting (06/25) said they believe the project is
Paulo Roberto Pinto received from APIMEC a seal that celebrates the 9th consecutive year of this partnership.

RESULTS
Total energy consumption rose by 3.7% in 1Q13 over 1Q12, to 6,407 GWh, fueled by the increased consumption in the residential and commercial segments, up by 3.2% and 7.8% respectively. Consolidated net revenue, excluding revenue from construction, totaled R$1,883.1 million in the quarter, 6.9% up on 1Q12. First-quarter consolidated EBITDA came to R$355.1 million, 18.1% down on 1Q12, mainly due to higher expenses with power purchase by the distributor, despite partial coverage by the CDE transfer (Decree 7945/13) totaling R$428 million. Adjusted for the regulatory asset (CVA), 1Q13 adjusted EBITDA stood at R$456.3 million, 5.8% more than in 1Q12. First-quarter net income amounted to R$78.6 million versus R$140.1 million in 1Q12, down by 43.8%, influenced by nonmanageable costs with power purchase by the distributor. Adjusted by the regulatory asset (CVA), adjusted net income totaled R$145.4 million, 4.8% more than in 1Q12.

Joo Batista Zolini presents the results for the first quarter of 2013.

This electronic newsletter is intended for Lights investors. The bimonthly publication is a joint effort of the Superintendence of Finance and Investor Relations and the Investor Relations Department, with the coordination of Lights Superintendence of Corporate Communication. Suggestions and questions can be forwarded to ri@light.com.br. If you no longer wish to receive this newsletter, please contact ri@light.com.br.