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LIGHT S.A. Corporate Taxpayers ID (CNPJ/MF): 03.378.521/0001-75 Company Registry (NIRE): 33.3.0026.

316-1 PUBLICLY-HELD COMPANY


EXCERPT FROM THE MINUTES OF THE BOARD OF DIRECTORS MEETINGS OF LIGHT S.A., HELD ON MAY 25, 2012, DRAWN UP IN SUMMARY FORMAT, IN ACCORDANCE WITH PARAGRAPH 1 OF ARTICLE 130 OF LAW 6404/76. 1. Date, time and venue: May 25, 2012, at 2:30 p.m., via conference call. 2. Attendance: The sitting members Andr Fernandes Berenguer (Chairman), Djalma Bastos de Morais, Rutelly Marques da Silva, Jos Carlos Aleluia and Carlos Alberto da Cruz, and the alternate members in office Luiz Fernando Rolla, Csar Vaz de Melo Fernandes and Carmen Lcia Claussen Kanter attended the meeting. The alternate members Wilson Borrajo Cid, Jos Augusto Gomes Campos and Mrcio Lus Domingues da Silva also attended the meeting, but did not vote. The attorney Cludia de Moraes Santos was invited to act as secretary. The Companys Chief Executive Officer, Jerson Kelman, and the Executive Officers Joo Batista Zolini Carneiro, Paulo Roberto Ribeiro Pinto and Evandro Leite Vasconcelos were also present. 3. Information: Alternate member that did not take office. The Chairman informed the other members that Marcelo Marcolino, appointed as an alternate member of this Board of Directors by the shareholder BNDESPAR at the Company's Annual Shareholders' Meeting of April 11, 2012, did not sign the instrument of investiture in the legal term of thirty days as of his appointment. His election was therefore rendered null and void and, consequently, there is a vacant alternate member position to be occupied at an opportune time.. 4. Agenda and Resolutions: 4.8. Agreement F-008/2012 (Light S.A. and Light S.E.S.A.) - Renewal of Working Capital Facilities Citibank, Votorantim and Pine Following the Finance Committees advice, the Board of Directors approved and advised the Board members appointed by Light S.A. at the Board of Directors of Light S.E.S.A. to approve the proposal for the renewal of the following credit facilities: a) Instrument: Working Capital; Borrower: LIGHT Servios de Eletricidade S.A.; Lender: Banco Citibank S.A.; Amount: up to thirty million reais (R$30,000,000.00); Term: up to six (6) months (renewable); Cost: to be defined upon utilization; b) Instrument: Working Capital; Borrower: LIGHT Servios de Eletricidade S.A.; Lender: Banco Votorantim S.A.; Amount: up to one hundred million reais (R$100,000,000.00); Term: up to six (6) months (renewable); Cost: to be defined upon utilization; and c) Instrument: credit facility agreement (working capital); borrower: LIGHT Servios de Eletricidade S.A.; Lender: Banco Pine; Amount: up to R$20 million (R$20,000,000.00); Maximum term for each operation: up to ninety (90) days; Validity: ninety (90) days (renewable); Cost: to be defined upon utilization. No additional cost shall be charged from the Company in case the credit facilities are not used, in accordance with Agreement F-008/2012 of May 15, 2012. This is a free English translation of the excerpt from the minutes of the Board of Directors Meeting of Light S.A. held on this date. Cludia de Moraes Santos Secretary