<SEC-DOCUMENT>0001292814-24-001452.txt : 20240419
<SEC-HEADER>0001292814-24-001452.hdr.sgml : 20240419
<ACCEPTANCE-DATETIME>20240418214619
ACCESSION NUMBER:		0001292814-24-001452
CONFORMED SUBMISSION TYPE:	6-K/A
PUBLIC DOCUMENT COUNT:		25
CONFORMED PERIOD OF REPORT:	20240630
FILED AS OF DATE:		20240419
DATE AS OF CHANGE:		20240418

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BRAZILIAN ELECTRIC POWER CO
		CENTRAL INDEX KEY:			0001439124
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		ORGANIZATION NAME:           	01 Energy & Transportation
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34129
		FILM NUMBER:		24855470

	BUSINESS ADDRESS:	
		STREET 1:		RUA DA QUITANDA, 196, 24TH FLOOR
		STREET 2:		CENTRO
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			20091-005
		BUSINESS PHONE:		55 21 2514 5891

	MAIL ADDRESS:	
		STREET 1:		RUA DA QUITANDA, 196, 24TH FLOOR
		STREET 2:		CENTRO
		CITY:			RIO DE JANEIRO
		STATE:			D5
		ZIP:			20091-005
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K/A
<SEQUENCE>1
<FILENAME>ebr20240418_6ka.htm
<DESCRIPTION>FORM 6-K/A
<TEXT>
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<HR SIZE="2" NOSHADE ALIGN="LEFT" COLOR="Black" STYLE="width: 100%">

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" COLOR="Black" STYLE="width: 21%">

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>FORM 6-K/A</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Report of Foreign Private Issuer<BR>
Pursuant to Rule 13a-16 or 15d-16 of the</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">Securities Exchange Act of 1934</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>For the month of April, 2024</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Commission File Number 1-34129</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<HR SIZE="2" NOSHADE ALIGN="CENTER" COLOR="Black" STYLE="width: 21%">

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>CENTRAIS EL&Eacute;TRICAS BRASILEIRAS S.A.
- ELETROBR&Aacute;S</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">(Exact name of registrant as specified in its
charter)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
<BR>
</P>

<P STYLE="font: 18pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>BRAZILIAN ELECTRIC POWER COMPANY</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">(Translation of Registrant's name into English)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
<BR>
</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>Rua da Quitanda, 196 &ndash; 24th floor,<BR>
Centro, CEP 20091-005,<BR>
Rio de Janeiro, RJ, Brazil</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">(Address of principal executive office)</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0"><BR>
<BR>
</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center">Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center">Form 20-F ___X___ Form 40-F _______</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center">Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt; text-align: center">Yes _______ No___X____</P>
<P STYLE="font: 12pt Verdana, Helvetica, Sans-Serif; margin: 1.1pt 165.7pt 0 2.3in; text-align: center"><B></B></P>

<P STYLE="font: 12pt Verdana, Helvetica, Sans-Serif; margin: 1.1pt 165.7pt 0 2.3in; text-align: center"><B></B></P>

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<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: center; color: #0070C0"><B>Table of Contents</B></P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="width: 90%; text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">Message from the Chairman of the Board of Directors</TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 6pt; padding-bottom: 6pt">6</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">Manual for Participation</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">8</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">1.1. Entirely digital OEGM</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">8</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">1.2. Voting Ballot</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">10</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">1.3. Required documents</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">11</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">1.4. Registration and accreditation</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">12</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">1.5. Declaration of Membership in a Group of Shareholders</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">14</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">1.6. Installation of the Fiscal Council</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">15</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">2.&nbsp;&nbsp;&nbsp;Management Proposal</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">17</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">2.1. Matters to be approved at the OEGM</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">17</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">2.1.1.1. To take the management accounts, examine, discuss and vote on the Management Report and the Complete Annual Financial Statements
of the Company for the fiscal year ending December 31, 2023</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">19</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">2.1.1.2. To approve the proposal of the Company's management for the allocation of net income for the fiscal year ending December 31,
2023 and the distribution of dividends</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">23</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">2.1.1.3. To set the annual maximum compensation of the managers, the external members of the advisory committees to the Board of Directors
and the members of the Fiscal Council (if installed) for the fiscal year 2024</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">25</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">2.1.2.1. To approve the proposed amendment to the Stock&nbsp;Plan approved at the Company's Extraordinary General Meeting held on December
22, 2022</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">32</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">2.1.2.2. To approve the proposed amendment to the Restricted Stock Option Plan approved at the Company's Extraordinary General Meeting
held on December 22, 2022;</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">35</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">2.1.2.3. Pursuant to article 53 of the Company's Bylaws and as approved by the shareholders at the Company's Extraordinary General Meeting
held on April 17th, 2023, to elect the member of the Board of Directors who will replace Mr. Carlos Eduardo Rodrigues Pereira, whose
term of office ends at the Ordinary and Extraordinary General Meeting of 2024, and&nbsp; the new member elected to the position in question
will remain in the position until the ordinary general meeting to be held in 2025.</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">38</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">Conclusion</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">41</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">List of Schedules</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">42</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">SCHEDULE A</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">44</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">Section 2 of the Company's Reference Form (information on the executive officers' comments on the financial and equity conditions and
results of operations)</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">44</TD></TR>
</TABLE>
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<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="width: 90%; text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">SCHEDULE B</TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 6pt; padding-bottom: 6pt">107</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">Information required by Schedule A of CVM Resolution 81 (Allocation of the Company's Net Income)</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">107</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">SCHEDULE C</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">115</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">Section 8 of the Company's Reference Form (detailed information on the compensation of managers and members of advisory committees)</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">115</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">SCHEDULE D</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">176</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">Historical information on Management compensation effectively paid compared to approved maximum aggregate compensation at the OGM</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">176</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">SCHEDULE E</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">181</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">Information required under Schedule B of Resolution CVM 81/2022 (proposal for amending the &quot;Eletrobras Compensation Plan Based on
Stock Options&quot; approved at the Company's Extraordinary Shareholders' Meeting held on December 22, 2022)</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">181</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">SCHEDULE F</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">188</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">&quot;From/To&quot; table of the proposed changes to the Compensation Plan Based on Stock Purchase Options</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">188</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">SCHEDULE G</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">193</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">Stock Option Plan with consolidated proposed changes</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">193</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">SCHEDULE H</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">203</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">Information required by Annex B of CVM Resolution 81/2022 (proposal for amending the &quot;Eletrobras Restricted Share-Based Compensation
Plan&quot; approved at the Company's Extraordinary General Meeting held on December 22, 2022)</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">203</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">SCHEDULE I</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">210</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">&quot;From/To&quot; table of the proposed changes to the Compensation Plan Based on the Restricted Shares</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">210</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">SCHEDULE J</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">214</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">Restricted Shares Plan with the proposed consolidated amendments</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">214</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">SCHEDULE K</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">221</TD></TR>
  <TR STYLE="text-align: left; vertical-align: bottom; font: 12pt Arial, Helvetica, Sans-Serif">
    <TD STYLE="text-align: left; padding-top: 6pt; padding-bottom: 6pt; padding-left: 28.35pt">Sections 7.3 to 7.6 of the Company's Reference Form (information on Ms. Ana Silvia Matte, candidate for member of the Company's Board
of Directors)</TD>
    <TD STYLE="text-align: right; padding-top: 6pt; padding-bottom: 6pt">221</TD></TR>
</TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 28.3pt 6pt 35.45pt; text-align: justify; color: #404040">&nbsp;</P>


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<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 20pt/107% Arial, Helvetica, Sans-Serif; margin: 12pt 0 12pt 28.35pt; text-align: justify">Message
from the Chairman of the Board of Directors</P>

<P STYLE="font: 11pt/107% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt 28.35pt; text-align: justify">&nbsp;</P>

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  <TD STYLE="text-align: center; width: 30%">&nbsp;<IMG SRC="ebr202403256k_002.jpg" ALT=""></TD>
  <TD STYLE="width: 70%"><P STYLE="font: 14pt/107% Arial, Helvetica, Sans-Serif; margin-right: 0pt; margin-bottom: 8pt; text-align: justify; color: #404040">Dear Shareholders,</P>

<P STYLE="font: 14pt/107% Arial, Helvetica, Sans-Serif; margin-right: 0pt; margin-bottom: 8pt; text-align: justify; color: #404040"><FONT STYLE="color: #404040">It
is with great pleasure and a sense of responsibility that, on behalf of the Board of Directors, I invite you to attend in the Ordinary
and Extraordinary General Meetings of Centrais El&eacute;tricas Brasileiras S/A (&ldquo;</FONT><FONT STYLE="color: #0070C0"><B>Eletrobras</B></FONT><FONT STYLE="color: #404040">&rdquo;
ou &ldquo;</FONT><FONT STYLE="color: #0070C0"><B>Company</B></FONT><FONT STYLE="color: #404040">&rdquo;), to be held on </FONT><FONT STYLE="color: #0070C0"><B>April
26, 2024, at 2 p.m. </B></FONT><FONT STYLE="color: #404040">(Brasilia time), entirely remotely (&ldquo;</FONT><FONT STYLE="color: #0070C0"><B>Meetings</B></FONT><FONT STYLE="color: #404040">&rdquo;
or &ldquo;</FONT><FONT STYLE="color: #0070C0"><B>OEGM</B></FONT><FONT STYLE="color: #404040">&rdquo;). And in this brief and indispensable
introduction, I feel compelled to share with you some considerations.</FONT></P>

<P STYLE="font: 14pt/107% Arial, Helvetica, Sans-Serif; margin-right: 0pt; margin-bottom: 8pt; text-align: justify; color: #404040">Since its historic
privatization on June 17, 2022, with the implementation of the &quot;true corporation&quot; model, Eletrobras has set itself a pace of
constant and orderly transformation. The destination is clear: to become the global leader in generating sustainable value based on innovative
clean and renewable energy solutions.</P>

<P STYLE="font: 14pt/107% Arial, Helvetica, Sans-Serif; margin-right: 0pt; margin-bottom: 8pt; text-align: justify; color: #404040">The mission, however,
is not elementary. The journey is hard. It is precisely this destiny, rooted in every fiber of every employee, that makes our work both
challenging and rewarding .</P>

<P STYLE="font: 14pt/107% Arial, Helvetica, Sans-Serif; margin-right: 0pt; margin-bottom: 8pt; text-align: justify; color: #404040">When we are faced
with major challenges, in a world surrounded by volatility and uncertainty, where looking to the future goes beyond the mere work routine
and becomes a survival instinct, it is not uncommon for us to forget to look back. From time to time, we need to do this exercise and
remember the hard-won achievements and lessons learned, because they are the foundation of tomorrow's victories and the compass that points
us in the right direction.</P></TD></TR>
</TABLE>

<P STYLE="font: 11pt/107% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt 28.35pt; text-align: justify"></P>

<P STYLE="font: 14pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 28.35pt; text-align: justify; color: #404040">First of all, I
would like to highlight the effort made to restructure our companies, which has allowed us to plant solid roots towards an effective and
innovative management model, capable of seeing the business, assets, people, processes, risks and opportunities holistically and synergistically.
We can finally say that we have taken the first steps towards the vision of a single Eletrobras.</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; color: #404040">&nbsp;</P>

<P STYLE="font: 14pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 28.35pt; text-align: justify; color: #404040">In addition, I am
pleased to point out that we have managed to structure an effective compensation model for the Company, providing it with tools to attract
and retain talent and to ensure alignment of interests among stakeholders, always prioritizing the Company's continuity and the generation
of sustainable long-term value. It was based on this remuneration model that we were able to build a team of executives of the highest
excellence, integrity, training and experience, who are key members of this transformational process at Eletrobras.</P>

<P STYLE="font: 14pt Arial, Helvetica, Sans-Serif; margin: 0; color: #404040">&nbsp;</P>

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    <TD>
    <P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt"></P></TD></TR>
  </TABLE>
<P STYLE="margin: 0; font: 14pt/107% Arial, Helvetica, Sans-Serif; color: #404040"></P>


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<P STYLE="font: 14pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 28.35pt; text-align: justify; color: #404040">Which brings us
to a third important point: people. Our most important asset, people are fundamental to this journey. Our challenge is to ensure that
our employees have the right tools, incentives and direction to search for, produce and transmit knowledge, always based on ethical, innovative
and high-performance practices.</P>
<P STYLE="font: 14pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 28.35pt; text-align: justify; color: #404040">

<P STYLE="font: 14pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 28.35pt; text-align: justify; color: #404040">With this in mind,
we structured a vice-presidency and teams focused on people. We also gave deserved prominence to the aspects of communication and sustainability
with the creation of dedicated departments and teams. We promoted meetings with Eletrobras' leaders, where our executives and board members
were interviewed and taught by the eager and curious minds of the future. We initiated several recruitment and selection processes, such
as the launch of the first Eletrobras Trainee Program, under the direct sponsorship of the Board of Directors. We are also working on
the strategic process to ensure that every employee, from the company's CEO to the line or substation operator, knows (and tells us too,
as this is a joint effort) exactly what their role and relevance is in this incredible journey. Because the pursuit of knowledge and exceeding
targets will only come if everyone is effectively involved in building our future.</P>

<P STYLE="font: 14pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 28.35pt; text-align: justify; color: #404040">Naturally, all of
these initiatives, and countless others highlighted throughout our corporate documents, required adjustments and corrections throughout
2023. And when difficult decisions had to be made, the Board of Directors showed integrity, assertiveness and firmness.</P>

<P STYLE="font: 14pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 28.35pt; text-align: justify; color: #404040">And it couldn't
be any different. After all, the mission of this Board of Directors is to pave the road to Eletrobras' future. Results will always be
a consequence of our long-term vision. And the continuity and governance of this corporation, combined with the well-being of its people,
are our most precious assets.</P>

<P STYLE="font: 14pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt 28.35pt; text-align: justify; color: #404040">We wish you a good
meeting !</P>

<P STYLE="color: #0070C0; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 4pt; text-align: justify"><FONT STYLE="font-variant: small-caps">&nbsp;</FONT></P>

<P STYLE="color: #0070C0; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 4pt; text-align: right"><FONT STYLE="font-variant: small-caps">Vicente
Falconi Campos</FONT></P>

<P STYLE="color: #0070C0; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 4pt; text-align: right"><FONT STYLE="font-variant: small-caps"><B>CHAIRMAN
OF THE BOARD OF DIRECTORS </B></FONT></P>


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<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 8pt; text-align: center">&nbsp;<IMG SRC="ebr202403256k_003.jpg" ALT=""></P>
<DIV STYLE="position: relative; float: left; width: 48%; padding-right: 0%; padding-bottom: 8pt; overflow: hidden; padding-top: 3pt">
<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 20%; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #0070C0"><B>1.1</B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 22pt; color: #0070C0">.</FONT></B></TD>
    <TD STYLE="width: 80%; padding-top: 6pt; padding-bottom: 12pt; font: 12pt Arial, Helvetica, Sans-Serif; text-align: justify; color: #0070C0"><FONT STYLE="font-size: 13pt"><B>Entirely digital OEGM</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #0070C0"><B>1.2</B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 22pt; color: #0070C0">.</FONT></B></TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 12pt; text-align: justify; color: #0070C0"><FONT STYLE="font-size: 13pt"><B>Remote Voting Ballot</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #0070C0"><B>1.3</B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 22pt; color: #0070C0">.</FONT></B></TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 12pt; text-align: justify; color: #0070C0"><FONT STYLE="font-size: 13pt"><B>Required documents</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #0070C0"><B>1.4</B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 22pt; color: #0070C0">.</FONT></B></TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 12pt; text-align: justify; color: #0070C0"><FONT STYLE="font-size: 13pt"><B>Registration and accreditation</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #0070C0"><B>1.5</B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 22pt; color: #0070C0">.</FONT></B></TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 12pt; text-align: justify; color: #0070C0"><FONT STYLE="font-size: 13pt"><B>Declaration of Membership in Group of Shareholders</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #0070C0"><B>1.6</B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 22pt; color: #0070C0">.</FONT></B></TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 12pt; text-align: justify; color: #0070C0"><FONT STYLE="font-size: 13pt"><B>Installation of the Fiscal Council</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #0070C0"><B>1.7</B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 22pt; color: #0070C0">.</FONT></B></TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 12pt; text-align: justify; color: #0070C0"><FONT STYLE="font-size: 13pt"><B>Election of a Member of the Board of Directors - Transitional Provision of the Bylaws</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 12pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 18pt; color: #0070C0"><B>1.8.</B></FONT></TD>
    <TD STYLE="font: 12pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 12pt; text-align: justify; color: #0070C0"><FONT STYLE="font-size: 13pt"><B>Nomination of candidates</B></FONT></TD></TR>
  </TABLE>
</div>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>
<DIV STYLE="position: relative; float: left; margin-left: 3%; width: 49%; padding-right: 0%; padding-bottom: 8pt; overflow: hidden; padding-top: 3pt">

<P STYLE="color: #0070C0; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">1.1. Entirely digital OEGM</P>

<P STYLE="color: #404040; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In order to facilitate the participation
of shareholders and others involved in the execution of the OEGM, pursuant to Law No. 6,404, of December 15, 1976 (LSA), CVM Resolution
No. 81, of March 29, 2022 (Res CVM 81/2022), and the Company's Bylaws, the OEGM will be held through the Zoom digital platform, on April
26, 2024, at 2 p.m.</P>

<P STYLE="color: #0070C0; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="color: #404040">The
Shareholders who wish to attend the OEGM must register on the website </FONT><FONT STYLE="color: #0070C0"><B>https://qicentral.com.br/m/agoe-eletrobras-2024</B></FONT>
<FONT STYLE="color: #404040">and provide all the documents necessary to qualify to attend or vote at the OEGM, at least 2 days in advance,
that is, by April 24, 2024.</FONT></P>

<P STYLE="color: #404040; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Digital Platform complies
with the requirements set out in article 28, paragraph 1, I to III, of CVM Res 81/2022.</P>

<P STYLE="color: #404040; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The OEGM will be fully recorded
..</P>

<P STYLE="color: #404040; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Access to the Digital Platform
and participation in the OEGM, authorizes the Company to record and make use of the relevant legal and regulatory information .</P></div>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 50%">&nbsp;</TD>
  <TD STYLE="width: 50%"><P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">&ndash;
that the recordings and their information will be used and processed by the Company for a period of five years, and may be used for the
Company's defense or due to a mandatory obligation.</FONT></P>
</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="vertical-align: middle; text-align: left"><P STYLE="text-align: justify; text-indent: -0.38in; margin-top: 0; margin-bottom: 0; margin-left: 0.38in; font-size: 13pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0; letter-spacing: -1pt; vertical-align: baseline"><B>The
Admitted Shareholder</B></FONT></P>
      <P STYLE="text-align: justify; text-indent: -0.38in; margin-top: 0; margin-bottom: 0; margin-left: 0.38in; font-size: 13pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0; letter-spacing: -1pt; vertical-align: baseline"><B>declares that he/she is</B></FONT></P>
      <P STYLE="text-align: justify; text-indent: -0.38in; margin-top: 0; margin-bottom: 0; margin-left: 0.38in; font-size: 13pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0; letter-spacing: -1pt; vertical-align: baseline"><B>aware of the following</B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-weight: normal; color: #0070C0">:</FONT></P></TD>
  <TD><P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">&ndash;
the carrying out of various types information processing due to legal or regulatory obligations to which the respective data controller
is subject, which is in the interest of the Admitted Shareholder, in accordance with their legitimate expectations, based on the support
and promotion of the Company's activity.</FONT></P>
</TD></TR>
<TR STYLE="vertical-align: top; text-align: left">
  <TD>&nbsp;</TD>
  <TD><P STYLE="margin-top: 0pt; margin-bottom: 0pt; font-size: 11pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">&ndash;</FONT>
<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">that the rights over their personal data may be exercised as permitted
by applicable laws and regulations, after formal communication to the Company.</FONT></P>
</TD></TR>
</TABLE>

<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt"></P>

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<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt/110% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #0070C0">By accessing the Digital Platform
and participating in the OEGM, the Admitted Shareholder is aware and authorizes the Company, as well as third parties authorized by the
Company, to record and make use of the information, provided that the applicable legislation and regulations are complied. The purpose
of the authorized use is:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 7.1pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">registration of the possibility
of manifestation and visualization of the documents presented during the OEGM;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 7.1pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">record of the authenticity and
security of communications during the OEGM;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 7.1pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">register of attendance of Admitted
Shareholders at the OEGM ;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 7.1pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">register of votes cast by Admitted
Shareholders at the OEGM ;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 7.1pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">compliance with judicial, arbitration,
legal, administrative, regulatory or self-regulatory orders;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/110% Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 7.1pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">if necessary, to defend the rights
of the Company and its managers in judicial, arbitration, administrative, regulatory or self-regulatory spheres.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #0070C0; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 10%"><IMG SRC="ebr202403256k_004.jpg" ALT=""></TD>
  <TD STYLE="padding-left: 10pt; width: 90%">If
the Admitted Shareholder wishes to speak on a matter on the Agenda, they must use the Digital Platform to register their request. The
secretary of the OEGM will then activate the audio, according to the queue of requests. The time allowed to speak may be limited. If the
request is not related to any matter on the Agenda, the Admitted Shareholder should use the usual contact channels, through the Investor
Relations area.</TD></TR>
</TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; color: #0070C0; margin: 0 0 8pt; text-align: justify"></P>

<P STYLE="color: #0070C0; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #0070C0; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="color: #404040">The
statements of Admitted Shareholders sent to the board of the OEGM before the end of the meeting, via e-mail to </FONT><FONT STYLE="color: #0070C0"><B><FONT STYLE="color: #0070C0">assembleiavirtual@eletrobras.com</FONT><FONT STYLE="font-family: Microsoft Sans Serif, Helvetica, Sans-Serif; font-size: 11pt; color: #404040"><B>,</B></FONT></B></FONT><B><FONT STYLE="color: #404040">,</FONT></B><FONT STYLE="color: #404040">
will only be attached to the minutes if expressly requested.</FONT></P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 72.55pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 10%">&nbsp;<IMG SRC="ebr202403256k_005.jpg" ALT=""></TD>
  <TD STYLE="padding-left: 10pt; width: 90%">The
Company is not responsible for any situations that are not under the Company's control, such as instability in the internet connection
or incompatibility between the Digital Platform and the equipment used by the OEGM participant.</TD></TR>
</TABLE>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; color: #404040; margin: 0 0 6pt 72.55pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; color: #404040; margin: 0 0 6pt 72.55pt; text-align: justify"></P>

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<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 72.55pt; color: #404040; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 72.55pt; color: #404040; text-align: justify">&nbsp;</P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">It is recommended that Admitted
Shareholders access the Digital Platform at least 30 minutes before the start of the OEGM, in order to avoid any unwanted situations when
using the platform. The Company will provide to Admitted Shareholders remote technical support and a guide with basic instructions for
accessing the OEGM.</P>

<P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="color: #404040">Any
questions or explanations can be given by the Vice-President for Finance and Investor Relations by sending an e-mail to </FONT><FONT STYLE="color: #0070C0"><B>assembleiavirtual@eletrobras.com</B></FONT><FONT STYLE="color: #404040">.</FONT></P>

<P STYLE="color: #0070C0; font: bold 12pt/120% Arial, Helvetica, Sans-Serif; margin: 12pt 0; text-align: justify">1.2. Voting Ballot</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 10%">&nbsp;<IMG SRC="ebr202403256k_006.jpg" ALT=""></TD>
  <TD STYLE="padding-left: 10pt; width: 90%"><FONT STYLE="color: #404040">The
Shareholders may attend the OEGM through the Remote Voting Ballot. Guidance on the documentation required for remote voting can be found
in the Voting Ballot, available on the websites:</FONT> <FONT STYLE="color: #0070C0"><B>https://ri.eletrobras.com/</B></FONT><FONT STYLE="color: #404040">,
</FONT><FONT STYLE="color: #0070C0"><B>https://sistemas.cvm.gov.br/</B></FONT> <FONT STYLE="color: #404040">e </FONT><FONT STYLE="color: #0070C0"><B>https://www.b3.com.br/pt_br/</B></FONT><FONT STYLE="color: #404040">.</font></TD></TR>
</TABLE>

<P STYLE="font: bold 12pt/120% Arial, Helvetica, Sans-Serif; margin: 12pt 0; color: #0070C0; text-align: justify"></P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 12pt 0 6pt; text-align: justify">To attend the OEGM through
the Voting Ballot, the Company's Shareholders must fill in the appropriate fields, sign the Voting Ballot and send it no later than 7
days before the date of the OEGM to the following recipients:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: white">
    <TD COLSPAN="2" STYLE="border-bottom: #9CC2E5 1.5pt solid; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; color: #0070C0">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="width: 18%; border-bottom: #9CC2E5 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif; border-right: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; color: #0070C0"><FONT STYLE="font-variant: small-caps"><B>bookkeeping agent</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 82%; border-bottom: #9CC2E5 1pt solid; font: 12pt/115% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><FONT STYLE="font-size: 10pt; color: #404040; line-height: 115%">The Shareholders with a shareholding position in the book-entry book may vote remotely through Ita&uacute; Corretora de Valores S.A. (&quot;<B>Bookkeeping Agent</B>&quot;). In this case, the Voting Ballot must be sent via the <B>Ita&uacute; Assembleia Digital</B> website. To this purpose, it is necessary to register and have a digital certification. Information on registration and the step-by-step process for issuing the digital certificate is available at https://assembleiadigital.certificadodigital.com/itausecuritiesservices/artigo/home/assembleia-digital</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt Arial, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; color: #0070C0"><FONT STYLE="font-variant: small-caps"><B>custody agent</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-bottom: #9CC2E5 1pt solid; font: 12pt/115% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><FONT STYLE="font-size: 10pt; color: #404040; line-height: 115%">The Shareholders must check with the custody agent whether it will provide a service for receiving Voting Ballots (&quot;<B>Custody Agent</B>&quot;). If so, the Shareholders may, at their sole discretion, forward the Voting Ballot to the Custody Agent, adopting the appropriate procedures, and may incur in possible costs.</FONT></TD></TR>

  <TR STYLE="background-color: rgb(222,234,246)">
    <TD STYLE="border-right: rgb(222,234,246) 2pt solid; border-bottom: rgb(156,194,229) 1.5pt solid; font: 12pt Arial, Helvetica, Sans-Serif; width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; color: #0070C0"><FONT STYLE="font-variant: small-caps"><B>company</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 82%; border-bottom: #9CC2E5 1.5pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><P STYLE="color: #404040; font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify">The
                                            Shareholders may forward the Voting Ballot directly to the Company, provided that the Voting
                                            Ballot:</P>
    <P STYLE="color: #404040; font: 12pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 6pt 4.3pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-size: 10pt">It will only be received if it is sent solely and exclusively via the website <B>https://qicentral.com.br/m/agoe-eletrobras-2024</B>.
    To access the system (i) Shareholders who have already registered on the platform must use the same access credentials, entering
    their e-mail address and password; and (ii) Shareholders who have not yet accessed the platform must click on &quot;Sign up now&quot;
    and enter their e-mail address. The system will then send a verification code to the e-mail address provided, so that the shareholder
    can complete their registration.</FONT></P>
    <P STYLE="color: #404040; font: 12pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 6pt 4.3pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-size: 10pt">It must include the place, date and signature of the signatory Shareholder. If the Shareholder
    is considered a legal entity under Brazilian law, the signature must be that of its legal representatives or attorneys-in-fact with
    powers to perform this act.</FONT></P>
    <P STYLE="color: #404040; font: 12pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 6pt 4.3pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-size: 10pt">It must be provided with documentation proving the signatory Shareholder's status as a Shareholder
    or legal representative, in accordance with the requirements and formalities indicated in this Management Proposal.</FONT></P></TD></TR>
  </TABLE>
<P STYLE="color: #404040; font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; color: #404040; margin: 0 0 6pt; text-align: justify"></P>

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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; color: #404040; text-align: justify">&nbsp;</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 1.45pt; text-align: justify">The Voting Ballot
will be considered <B><U>invalid</U></B> and will not be processed by the Company if it is not supported with the documents required to
prove Shareholder or attorney status and/or if it is delivered after the expiration of the deadline of <B>7 days</B> before the OEGM.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Until the end of the submission
period, the Voting Ballot may be corrected and resubmitted by the Shareholder to the Company, in compliance with the procedures and other
deadlines set out in CVM Res 81/2022, it being understood that no Voting Ballot will be accepted after the end of such deadline.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">If there are <B><U>items
not completed</U></B> after the expiration of the <B>7-day</B> period prior to the OEGM, the Company will consider them as instructions
equivalent to <B><U>abstaining from voting</U></B> .</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Admitted Shareholders who
have already sent in their Voting Ballot may register to attend the OEGM via the Digital Platform, provided that they do so in the manner
and within the timeframe provided. In this case, the Admitted Shareholder may:</P>

<P STYLE="color: #0070C0; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.85pt; text-align: justify; text-indent: -19pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;
</FONT><FONT STYLE="color: #404040">simply attend the OEGM, whether or not you have sent the Voting Ballot; or</FONT></P>

<P STYLE="color: #0070C0; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.85pt; text-align: justify; text-indent: -19pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;
</FONT><FONT STYLE="color: #404040">attend and vote at the OEGM, noting that all voting instructions received by means of a Voting Ballot
will be rejected, if the Shareholder wishes to vote at the OEGM but has already sent the Voting Ballot.</FONT></P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 41.95pt 12pt 0; text-align: justify">1.3. Required
documents</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 10%"><IMG SRC="ebr202403256k_007.jpg" ALT=""></TD>
  <TD STYLE="width: 90%">These are the documents
required to qualify and attend or vote in the OEGM via the Digital Platform, in compliance with article 126, paragraph 1, of the Brazilian
Corporate Law and the decision of the CVM Board in case CVM RJ-2014/3578:</TD></TR>
</TABLE>

<P STYLE="font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 41.95pt 12pt 0; color: #0070C0; text-align: justify">&nbsp;</P>



<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 0 6pt 0.5in; text-align: justify; text-indent: -0.25in">i.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if an <B>individual</B>:</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>copy of the identification document legally recognized as such, with a recent photo and national validity, as well as within the
validity period (if applicable); or</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>in the event of being represented by an attorney-in-fact, a copy of the power of attorney signed less than one year ago, together
with the attorney-in-fact's official identity document with photo, such attorney-in-fact to be another Shareholder, a director of the
Company or a lawyer duly registered with the Brazilian Bar Association (<I>OAB</I>).</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in">ii.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if <B>legal entity</B>:</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>up-to-date articles of incorporation of the Shareholder and of the corporate document that elects the representative(s) with sufficient
powers to represent it at the OEGM, duly registered with the competent authorities, together with the official identity document with
photo of the said representative(s); and</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; color: #404040; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"></P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; color: #404040; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if applicable, an instrument (as a power of attorney) duly granted in accordance with the law and/or the Shareholder's articles
of association, together with an official identity document with photo of the attorney-in-fact .</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 0.5in; text-align: justify; text-indent: -0.25in">iii.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if an <B>investment fund</B>:</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>a copy of the current and consolidated fund regulations, bylaws or articles of incorporation of the administrator or the fund manager,
as the case may be, in compliance with the investment fund voting policy;</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>documents that provides representative powers (corporate documents of election, term(s) of investiture and/or power of attorney);</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>identification document of the legal representative(s) with a recent photo and national validity;</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 11pt; line-height: 130%">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; line-height: 130%">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>if applicable, a copy of the , instrument (as a power of attorney) granted under the terms of its articles of association and in
accordance with the rules of the Brazilian Civil Law, together with the attorney's official identity document with photo<FONT STYLE="font-size: 11pt; line-height: 130%">.</FONT></P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">It is not necessary to send
the hard copies of the Shareholder representation documents to the Company's office, nor is it necessary to notarize the signature of
the grantor of the power of attorney to represent the Shareholder, registration before the embassy, apostille or sworn translation of
all the foreign Shareholder representation documents.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Only <B>simple copies</B>
of the original version of the required documents should be sent via the website <FONT STYLE="color: rgb(0,111,192)"><B>https://qicentral.com.br/m/agoe-eletrobras-2024</B></FONT>.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Powers of attorney granted
by Shareholders by electronic means will only be admitted if they contain digital certification within the standards of the Brazilian
Public Key Infrastructure (<I>ICP-Brasil</I>) system or by another means of proving the source and integrity of the document in electronic
form.</P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">1.4. Registration and
accreditation</P>

<P STYLE="color: #0070C0; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>&ndash; Shareholder</B></P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Shareholder who wishes
to attend the OEGM via the Digital Platform must fill in all the registration details on the website <FONT STYLE="color: rgb(0,111,192)"><B>https://qicentral.com.br/m/agoe-eletrobras-2024
</B></FONT>and attach all the supporting documents at least <B><U>2 days</U></B> before the date set for the OEGM, that is, by 11:59
p.m. on April 24, 2024.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">To access the system, the
<B>Shareholder</B> that :</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>already registered on the platform</U> must access the link and use the same access credentials, entering their e-mail and password;
and</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; color: #404040; margin: 6pt 0 6pt 36.9pt; text-align: justify; text-indent: 0in"></P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 0 6pt 36.9pt; color: #404040; text-align: justify; text-indent: 0in">&nbsp;</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 0 6pt 36.85pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>who have not yet registered on the platform</U> should access the link and click on &quot;Register now&quot; and then enter
their e-mail address. The system will then send the verification code to the e-mail address provided so that the shareholder can complete
their registration.</P>

<P STYLE="color: #0070C0; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>&ndash; Attorney-in-fact</B></P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The attorney-in-fact must
register with their details on the website <FONT STYLE="color: rgb(0,111,192)"><B>https://qicentral.com.br/m/agoe-eletrobras-2024</B></FONT>
and, through this platform, inform each Shareholder they will represent and attach the respective documents proving their status of the
shareholder and representation, in accordance with the guidelines set out in this Management Proposal.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">After this personal registry,
the attorney-in-fact is automatically directed to the register of his or her grantor, but if he or she leaves this page and wants to
add more grantors, the attorney-in-fact will need to access the website <FONT STYLE="color: rgb(0,111,192)"><B>https://qicentral.com.br/m/agoe-eletrobras-2024
</B></FONT>and log in with the password created at the time of registration to continue registering them. The attorney in fact will receive
individual confirmation of the qualification status of each shareholder registered in their register and will arrange, if necessary,
for documents to be completed.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">If the attorney-in-fact
represents more than one Shareholder, the attorney-in-fact:</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>will only be able to vote at the OEGM by Shareholders whose qualification has been confirmed by the Company; and</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>should beware of &sect;2 of Article 8 of the Bylaws, which establishes that any Shareholder represented by the same agent, administrator
or representative in any capacity, with the exception of holders of securities issued under the Company's Depositary Receipts program,
when represented by the respective depositary bank, will be considered to be a member of the same group of Shareholders, for the purposes
of the voting limitation pursuant to Articles 6 and 7 of the Bylaws, provided that they do not fall within any of the other hypotheses
set out in the <I>caput</I> or &sect;1 of Article 8 of the Bylaws.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The
Company will check the documents and, if there are no pending issues, the Shareholder or his/her attorney-in-fact, as the case may be,
will be accredited (&quot;<B>Admitted Shareholder</B>&quot;) and will receive, via the Digital Platform, confirmation of his/her admission
to attend the OEGM.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; color: #404040; margin-top: 0pt; margin-right: 0pt; margin-bottom: 6pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; font: 12pt Arial, Helvetica, Sans-Serif; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="text-align: center; width: 10%">&nbsp;<IMG SRC="ebr202403256k_008.jpg" ALT=""></TD>
  <TD STYLE="padding-left: 10pt; width: 90%">In the event of <B><U>insufficient documentation</U></B>, the Shareholder must complete
  it on the same website <FONT STYLE="color: rgb(0,111,192)"><B>https://qicentral.com.br/m/agoe-eletrobras-2024</B></FONT>, by 11:59
  p.m. on April 24, 2024.</TD></TR>
</TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; color: #404040; margin-top: 0pt; margin-right: 0pt; margin-bottom: 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; color: #404040; margin: 0 0 6pt 72.35pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 72.35pt; color: #404040; text-align: justify">&nbsp;</P>



<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">If an Admitted Shareholder
does not receive confirmation of virtual access to the OEGM up to <B>8 hours</B> before the beginning of the OEGM, they must contact the
Company's Investor Relations area by e-mail at <B>assembleiavirtual@eletrobras.com</B> up to <B>4 hours</B> before the beginning of the
OEGM.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; color: #404040; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; color: #404040; text-align: justify">&nbsp;</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Access to the OEGM via the
Digital Platform will be restricted to Admitted Shareholders (shareholders or their attorneys-in-fact, as the case may be). The Company
warns that shareholders who do not submit the request and the necessary participation documents within the deadline will not be able to
attend the OEGM.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Admitted Shareholders (shareholders
or their attorneys-in-fact, as the case may be) undertake to:</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>use the individual register solely and exclusively for remote participation in the OEGM;</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>not to transfer or disclose, in whole or in part, the individual registration to any third party, Shareholder or not, the registration
being non-transferable; and</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>not to record or reproduce, in whole or in part, or transfer, to any third party, Shareholder or not, the content or any information
transmitted by virtual means during the OEGM.</P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">1.5. Declaration of
Membership in a Group of Shareholders</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Due to the limitation on
the exercise of voting rights pursuant to articles 6 and 7 of the Company's Bylaws, the Company requests, for the purposes of the timely
examination of the matter, that the Shareholders included in the legal situations contemplated in article 8 of the Bylaws inform, up to
<B>2 days</B> prior to the date designated for the holding of the OGM, that is, up to 11:59 p.m. on April 24, 2024, which are the members
of a potential group of Shareholders.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the case of investment
funds with the same administrator or manager, only those whose investment and voting policies at shareholders&rsquo; meetings, under the
terms of the respective regulations, are the responsibility of the administrator or manager will be considered members of a Shareholder
group.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The information must be
provided by sending the Declaration of Membership in a Group of Shareholders, exclusively to the following website address <FONT STYLE="color: rgb(0,111,192)"><B>https://qicentral.com.br/m/agoe-eletrobras-2024</B></FONT>,
mentioning whether:</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>are part of a voting agreement and whether there are other members of the agreement and their respective corporate interests;</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>are part of an economic group of companies or group of entities with common administration or management or under the same authority;
and</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt 36.9pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>are represented by the same agent, administrator or representative in any capacity whatsoever.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The form of the Declaration
of Membership in a Group of Shareholders is available on the website <B>https://ri.eletrobras.com/informacoes/convocacoes-e-atas</B>/.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Shareholders who do
not fall within the legal situations contemplated in Article 8 of the Company's Bylaws do not need to send the aforementioned statement
and the Company will consider that such Shareholders affirm that they are not a member in any &quot;group of shareholders&quot; and that
they are responsible for such affirmation, given the informational duty provided for in the Company's Bylaws.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; color: #404040; margin: 0 0 6pt; text-align: justify"></P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; color: #404040; text-align: justify">&nbsp;</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Pursuant to article 8, paragraph
5, of the Company's Bylaws, the chairman and secretary of the Shareholder meeting may, if they deem necessary, request documents and information
from shareholders in order to verify whether a shareholder is a member of a &quot;shareholder group&quot; that may hold 10% or more of
the Company's voting capital.</P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">1.6. Installation of
the Fiscal Council</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Eletrobras does not have
a permanent Fiscal Council. For this reason, under the terms of article 43 of the Company's Bylaws, article 161, paragraph 2, of the Brazilian
Corporation Law, and article 4 of CVM Resolution No. 70, of March 22, 2022 (CVM Res 70/2022), Eletrobras' Fiscal Council will be installed
at the request of Shareholders representing at least 2% of the shares with voting rights (common shares issued by the Company), or 1%
of the shares without voting rights (class &quot;A&quot; and class &quot;B&quot; preferred shares issued by the Company), which can be
made via Voting Ballot or directly to the Company, by e-mail to assembleiavirtual@eletrobras.com.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Fiscal Council may be
composed by 3 to 5 effective members and an equal number of alternates, whether shareholder or not, who will be elected at the OEGM. Before
deciding on the election of the members of the Fiscal Council, the meeting will set the number of vacancies to be filled by candidates.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The rules that must be complied
when nominating candidates for the Fiscal Council are set out below in item &quot;1.7.1 Nomination of Candidates for the Board of Directors
and the Fiscal Council&quot;.</P>

<P STYLE="color: #0070C0; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>1.7. Election of a Member
to the Board of Directors - Transitional Provision of the Bylaws</B></P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The term of office of Mr.
Carlos Eduardo Rodrigues Pereira, elected at the Extraordinary General Meeting held on February 22, 2022, as representative of the Company's
employees, will end at the OEGM, due to the extinction of this seat on the Board of Directors, as approved at the Extraordinary General
Meeting held on April 17, 2022 and reflected in article 53 of the Bylaws (&quot;Transitional Provision&quot;).</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Under the terms of the Transitional
Provision, the OEGM must elect a member to the Board of Directors who will remain in the position until the end of the term of office
of the current members of the Board of Directors (i.e. until the Ordinary General Meeting is held in 2025).</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The relevant election will
take place solely to comply with the Transitional Provision, by electing <B>1 member</B> to the Board of Directors. Further information
on the subject, including the candidate nominated by the Company's management, can be found in item 2.1.2.3 of this Management Proposal.
If shareholders are interested in nominating a candidate for member of the Board of Directors, guidelines on the subject can be found
in item 1.8 below.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; color: #404040; margin: 0 0 6pt; text-align: justify"></P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; color: #404040; text-align: justify">&nbsp;</P>

<P STYLE="color: #0070C0; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>1.8. <FONT STYLE="line-height: 130%">Nomination
of candidates</FONT></B></P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Pursuant to article 37 et
seq. of CVM Res 81/2022, shareholders representing at least 0.5% of the Company's shares of a certain type, by means of a request sent
to the Financial and Investor Relations Vice-Presidency at the e-mail address assembleiavirtual@eletrobras.com, may submit a request for
inclusion in the Voting Ballot of <B>(i)</B> candidates for permanent members and respective alternates of the Fiscal Council; and <B>(ii)</B>
candidates for members of the Board of Directors, under the terms of the Transitional Provision and item 1.7 above (&quot;Inclusion Request&quot;).</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Inclusion Request may
be sent up to <B>25 days</B> before the date of the meeting, i.e. up to <U>11:59 p.m. on April 1, 2024</U>.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Shareholder who sends
a Request for Inclusion must comply with the requirements applicable to the drafting and instruction of the Voting Ballot as provided
for in articles 32 and 38, II, of CVM Res 81/2022, which includes, without limitation, the information indicated in items 7.3 to 7.6 of
the Company's Reference Form, in accordance with the provisions of article 11, I, of CVM Res 81/2022.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Also, when nominating candidates
for members of the Board of Directors and/or for full and alternate members of the Fiscal Council, Shareholders must, in addition to submitting
all relevant supporting documentation, be aware of the terms of articles 147, &sect;&sect;1 to 3 of the Brazilian Corporation Law.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company reserves the
right, after receiving the Request for Inclusion and the initial analysis of the information sent by the Shareholders, in accordance with
the deadline established by CVM Res 81/2022, to request additional information.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company points out that
the nomination of candidates by Shareholders can be made at any time up to the conclusion of the meeting. However, in order to provide
adequate publicity to its Shareholders about any candidates nominated, the Company encourages Shareholders to make their nominations as
far in advance as possible.</P>

<P STYLE="color: #0070C0; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>1.8.1. <I>Additional
rules for nominating candidates to the Fiscal Council</I></B></P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In addition to the requirements
set out in item &quot;1.8.1. Nomination of candidates&quot; above, Shareholders must comply with the additional requirements applicable
to candidates for the Fiscal Council set out in article 162, caput and &sect;2 of the Brazilian Corporation Law.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The election of candidates
for members of the Fiscal Council will comply with the provisions of the Company's Bylaws and the terms of article 161, paragraph 4 of
the Brazilian Corporation Law.</P>

<P STYLE="color: #404040; font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Shareholders holding non-voting
shares (class &quot;A&quot; and class &quot;B&quot; preferred shares issued by the Company) will have the right to request the separate
election of a sitting member and respective alternate member to the Fiscal Council.</P>

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<P STYLE="font: 20pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>&nbsp;</B></P>

<P STYLE="color: #0070C0; font: bold 20pt/107% Arial, Helvetica, Sans-Serif; margin: 12pt 0 12pt 28.35pt; text-align: justify">2.&nbsp;Management
Proposal</P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 12pt 0 0.25in; text-align: justify">The Management of
Eletrobras submits to its Shareholders the following proposals, to be deliberated at the Ordinary and Extraordinary General Meetings (&quot;OEGM&quot;),
which will be held exclusively digitally, on April 26, 2024, at 2 p.m.</P>

<P STYLE="color: #0070C0; font: bold 13pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">2.1. Matters to be approved
at the OEGM</P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<DIV STYLE="position: relative; float: left; margin-left: 3%; width: 49%; padding-right: 0%; padding-bottom: 8pt; overflow: hidden; padding-top: 3pt">

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; background-color: rgb(222,234,246)">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font: 11pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #0070C0"><IMG SRC="ebr202403256k_009.jpg" ALT="" STYLE="height: 26.25pt; width: 26.25pt"></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="color: #0070C0; font: 13pt/120% Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 6.8pt"><B>Installation Quorum</B></P>
    <P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 20.4pt; text-indent: -20.4pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;
    </FONT><U>Article 125 of the Brazilian Corporate Law</U></P>
    <P STYLE="color: #404040; font: 11pt/120% Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 6.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.3pt">The
    OEGM will be installed, on first call, with the presence of Shareholders representing at least 1/4 of the total votes conferred by the
    shares with voting rights and, on second call, with any number.</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font: 11pt Times New Roman, Times, Serif; text-align: center"><IMG SRC="ebr202403256k_011.jpg" ALT=""><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #0070C0"></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="color: #0070C0; font: 13pt/120% Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 6.8pt"><B>Approval Quorum</B></P>
    <P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 20.4pt; text-indent: -20.4pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;
    </FONT><U>Article 129 of the Brazilian Corporate Law</U></P>
    <P STYLE="color: #404040; font: 11pt/120% Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 6.8pt; text-align: justify"><FONT STYLE="letter-spacing: -0.3pt">The
    deliberations of the OEGM will be taken by an absolute majority of votes cast by the Shareholders present at the OEGM, with blank votes
    not being counted.</FONT></P>
    <P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 20.4pt; text-align: justify; text-indent: -20.4pt"><FONT STYLE="font-family: Wingdings; font-size: 11pt; color: #4472C4; letter-spacing: -0.3pt; line-height: 120%">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4; letter-spacing: -0.3pt; line-height: 120%">&nbsp;&nbsp;
    </FONT><U>Article 18 &sect;&sect;2 and 3 of the Bylaws</U></P>
    <P STYLE="color: #404040; font: 11pt/120% Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 6.25pt; text-align: justify"><FONT STYLE="letter-spacing: -0.3pt">The
    deliberations will be taken by a majority of votes present at the OEGM. Each Shareholder's vote will be proportional to their interest
    in the Company's voting capital, respecting the limit of 10% of the voting share capital due to the Limitation on Voting Rights.</FONT></P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font: 11pt Times New Roman, Times, Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; padding-left: 6.8pt; font: 12pt/120% Arial, Helvetica, Sans-Serif; color: #0070C0">&nbsp;</TD></TR>
  </TABLE>
</div>

 <DIV STYLE="position: relative; float: left; width: 48%; padding-right: 0%; padding-bottom: 8pt; overflow: hidden; padding-top: 3pt">


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; background-color: rgb(222,234,246)">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; font: 11pt Times New Roman, Times, Serif; text-align: center"><IMG SRC="ebr202403256k_010.jpg" ALT="" STYLE="height: 24pt; width: 24pt"></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="color: #0070C0; font: 13pt/120% Arial, Helvetica, Sans-Serif; margin: 6pt 0 3pt 6.8pt"><B>Restrictions</B></P>
    <P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 20.4pt; text-align: justify; text-indent: -20.4pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;
    </FONT><U>Articles 6 and 7 of the Bylaws</U></P>
    <P STYLE="color: #404040; font: 11pt/120% Arial, Helvetica, Sans-Serif; margin: 3pt 0 3pt 2.45pt; text-align: justify"><FONT STYLE="letter-spacing: -0.3pt">Any
    Shareholder or group of Shareholders, Brazilian or foreign, public or private, is prohibited from exercising voting rights in a number
    greater than the percentage equivalent to 10% of the total number of shares into which Eletrobras' voting capital is divided, regardless
    of their capital interest in the share capital. It is also forbidden to enter into Shareholders' Agreements aimed at regulating the exercise
    of voting rights in a number greater than or corresponding to 10% of the total number of shares into which Eletrobras' voting capital
    is divided. The chairman of the OEGM shall not count votes cast in disagreement with the rules stipulated in articles 6 and 7 of Eletrobras'
    Bylaws (&quot;<B>Restrictions</B>&quot;).</FONT></P></TD></TR>
  </TABLE>
</div>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: top; text-align: left">
  <TD STYLE="width: 49%"><P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>2.1.1. AGENDA - OGM :</B></P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; color: #404040; margin: 0 0 6pt; text-align: justify">2.1.1.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
take the accounts of the management, examine, discuss and vote on the Management Report and the Complete Annual Financial Statements of
the Company for the fiscal year ending December 31, 2023;</P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; color: #404040; margin: 0 0 6pt; text-align: justify">2.1.1.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
approve the proposal of the Company's management for the allocation of net income for the fiscal year ending December 31, 2023 and the
distribution of dividends; and</P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; color: #404040; margin: 0 0 6pt; text-align: justify">2.1.1.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
set the maximum annual compensation of the management, the external members of the advisory committees to the Board of Directors and the
members of the Fiscal Council (if installed) for the 2024 fiscal year.</P>

</TD>
  <TD STYLE="width: 2%">&nbsp;</TD>
  <TD STYLE="width: 49%"><P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>2.1.2. AGENDA &ndash;
EGM:</B></P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">2.1.2.1. To approve the
proposed amendment to the Stock Option Plan approved at the Company's Extraordinary General Meeting of December 22, 2022;</P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">2.1.2.2. To approve the
proposed amendment to the Restricted Share Plan approved at the Company's Extraordinary General Meeting of December 22, 2022; and</P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">2.1.2.3. Pursuant to article
53 of the Company's Bylaws and as approved by the shareholders at the Company's Extraordinary General Meeting held on April 17, 2023,
to elect the member of the Board of Directors who will replace Mr. Carlos Eduardo Rodrigues Pereira, whose term of office ends at the
2024 Ordinary and Extraordinary General Meeting, and the new member elected to the position in question will remain in the position until
the ordinary general meeting to be held in 2025<FONT STYLE="font-size: 13pt; line-height: 120%">.</FONT></P></TD></TR>
</TABLE>

<P STYLE="margin: 0"></P>

<P STYLE="margin: 0"><BR STYLE="clear: both">
</P>

<P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; background-color: rgb(222,234,246)">
  <TR>
    <TD>
    <P STYLE="color: #0070C0; font: 13pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center"><B>Voting Rights</B></P>
    <P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 3pt 10pt 3pt 15.4pt; color: #0070C0; text-align: justify; text-indent: -10.4pt"><FONT STYLE="font-family: Wingdings; font-size: 11pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-size: 11pt; color: #404040">Shareholders holding <B>ordinary shares</B> shall have the right to vote on all items
    on the Agenda of the OEGM, subject to the Restriction provided for in Articles 6 and 7 of the Bylaws .</FONT></P>
    <P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 3pt 10pt 3pt 15.4pt; color: #0070C0; text-align: justify; text-indent: -10.4pt"><FONT STYLE="font-family: Wingdings; font-size: 11pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;
    </FONT><FONT STYLE="font-size: 11pt; color: #404040">Shareholders of <B>preferred shares</B> will not have the right to vote on any of
    the items on the Agenda of the OEGM, unless there is a valid request for the installation of the Fiscal Council. In this case, the holders
    of class &quot;A&quot; and class &quot;B&quot; preferred shares may request the separate election of an effective member and alternate
    member of the Fiscal Council, pursuant to article 161, paragraph 4, 'a', of the Brazilian Corporation Law, and article 43 of the Company's
    Bylaws.</FONT></P>
    <P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P></TD></TR>
  </TABLE>
<P STYLE="margin: 0"></P>

<P STYLE="color: #404040; font: 13pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #0070C0"><B>2.1.1. AGENDA - OGM
</B></P>

<P STYLE="color: #0070C0; font: bold 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">2.1.1.1. To take
the management accounts, examine, discuss and vote on the Management Report and the Complete Annual Financial Statements of the Company
for the fiscal year ending December 31, 2023</P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Management proposes to
the Shareholders the approval of the management accounts, the management report on the business and main administrative facts (&quot;<U>Management
Report</U>&quot;) and the Company's complete annual financial statements (&quot;<U>Financial Statements</U>&quot;), accompanied by the
report issued by PriceWaterhouseCoopers Auditores Independentes (&quot;<U>Independent Auditor's Report</U>&quot; and &quot;<U>PWC</U>&quot;),
all referring to the fiscal year ended December 31, 2023 and approved by the Board of Directors, at a meeting held on March 13, 2024.</P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">To support the deliberations
to be taken at the Meeting, management asks Shareholders to analyze all the documentation and considerations described below:</P>

<P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><B>Sustainability
highlights in the Management Report, ESG approach and main milestones achieved in 2023.</B></P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The year 2023 was marked
by significant changes, continuing the company's transformational process that began after its privatization in 2022.</P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The creation of the Sustainability
Department, directly linked to the Vice-Presidency of Governance, Risks, Compliance and Sustainability, and the organizational restructuring
of the main wholly-owned subsidiaries, with the establishment of integrated teams, processes and practices, allowed the Company to develop
tools to build a sustainable, holistic and interconnected vision of the business, and apply it organically and diversified in the daily
routine of employees.</P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The commitment to sustainability
was strengthened, with the directive to be a &quot;Reference in ESG&quot; and the Net Zero target by 2030 in the Company's Strategic Plan.
In the middle of changes and new challenges, some highlights were:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Implementation of the Innovation Grid, a platform for connecting with the
innovation ecosystem;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Sale of UTE Candiota on January, 2024;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Brazil's first green hydrogen certification;</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Participation in COP 28;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Acting as Ambassador of the Amazon Impact Movement (<I>Movimento Impacto
Amaz&ocirc;nia</I>);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Creation of the first Trainee program;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Launch of the &quot;Commitments for Life&quot; Program;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Launch of the new Compliance Program.</FONT></TD></TR></TABLE>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">This was also a year of
defining new Eletrobras' Materiality (<I>Materialidade da Eletrobras</I>), as part of the process of preparing the 2023 Annual Sustainability
Report and other management and corporate governance documents, and with the aim of continuously strengthening and improving our processes,
practices and businesses.</P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">We developed dual materiality,
in line with European standards, considering both impact and financial materiality. Using a comprehensive methodology, the process included
inputs from market and competitor analysis, feedback from stakeholders and executives, dynamic materiality, a consultation workshop with
the Sustainability Committee and the guidelines and objectives of the Strategic Plan.</P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The new Materiality proposed
by the Executive Board was approved by the Board of Directors in November 2023.</P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Lastly, the company received
important recognition, such as:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Maintained in the ISE B3 2024 Portfolio for the 17th time;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Inclusion in the first IDIVERSA B3 portfolio: B3's diversity index, with
a focus on gender and race;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Pro-Ethics Company Seal 2022-2023, from the Office of the Comptroller General
(CGU &ndash; <I>Controladoria Geral da Uni&atilde;o</I>);</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Good Practices Award 100% Transparency Movement, from the Global Pact, for
the practice of raising awareness among critical suppliers;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Listed on the Bloomberg Gender-Equality Index 2023;</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">International Project Management Award from PMOGA World Unconference. Eletrobras'
PMO was among the two best PMOs in the Americas and among the seven best in the world;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Anefac Transparency Trophy 2023, from the National Association of Executives,
in recognition of transparency practices in accounting information;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Permanence in The Sustainability Yearbook 2024, a Standard&amp;Poors Global
ranking, for the fourth consecutive year ;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 17.85pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Advancement to the A- (leadership) classification in the Climate Change and
Water Security 2023 dimensions of the CDP - Disclosure Insight Action.</FONT></TD></TR></TABLE>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="color: rgb(0,111,192)"><B>Financial
Statements, accompanied by the Management Report, the Independent Auditor's Report, the Fiscal Council's opinions on the Capital Budget
and on the Financial Statements, as well as the Summary Annual Report of Eletrobras' Statutory Audit and Risk Committee, for the fiscal
year ending December 31, 2023</B></FONT></P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Financial Statements,
accompanied by the Management Report, the Independent Auditor's Report, the opinion of the Fiscal Council on the capital budget, the
proposal for allocation of net income and on the Financial Statements (&quot;<U>Opinion of the Fiscal Council</U>&quot;), as well as
the annual summary report on the activities of the Eletrobras Audit and Risk Committee (&quot;<U>Annual Summary Report</U>&quot;), for
the fiscal year ended December 31, 2023, are available on the Company's website <FONT STYLE="letter-spacing: -0.05pt">(<FONT STYLE="color: rgb(0,111,192)"><B>https://ri.eletrobras.com/</B></FONT>),
CVM (<FONT STYLE="color: rgb(0,111,192)"><B>https://sistemas.cvm.gov.br/</B></FONT>) and B3 (<FONT STYLE="color: rgb(0,111,192)"><B>https://www.b3.com.br/pt_br/</B></FONT>)</FONT>.</P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><FONT STYLE="letter-spacing: -0.05pt">In
more detail:</FONT></P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 14.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.05pt">(a)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the <U>Financial Statements</U> (i) express the economic and financial situation of the Company, as well as the changes in its
assets in the financial year just ended, enabling shareholders to assess the Company's assets and profitability; (ii) comprise the Balance
Sheet, the Statement of Income for the Year, the Statement of Changes in Shareholders' Equity, the Cash Flow Statement (DFC), the Statement
of Comprehensive Income and the Statement of Value Added, together with the notes to the financial statements, the purpose of which is
to assist shareholders in analyzing and understanding this information;</FONT></P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 14.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.05pt">(b)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the <U>Management Report</U>, which accompanies the Complete Annual Financial Statements, presents information on the Company of
a financial and non-financial,
statistical and operational nature, which should be read together and as part of this Management Proposal;</FONT></P>


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<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 14.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.05pt">(c)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the <U>Independent Auditor's Report</U> on the Financial Statements was issued by PWC, which examined all relevant documentation
and concluded that the Financial Statements present fairly, in all material respects, the financial position of the Company and its subsidiaries
as of December 31, 2023;</FONT></P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 14.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.05pt">(d)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the <U>Opinion of the Fiscal Council</U> was issued after a meeting held on March 13, 2024 and is the result of an examination
of the Management Report, the proposals for the capital budget and the allocation of net income for the fiscal year ended December 31,
2023, the Financial Statements and respective explanatory notes, the clarifications received during the fiscal year in meetings with management,
PWC and the Audit and Risk Committee, as well as an examination of the Independent Auditor's Report, on which the Fiscal Council expressed
the opinion that they were in a position to be considered by the Meeting; and</FONT></P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 14.2pt; text-align: justify; text-indent: 0in"><FONT STYLE="letter-spacing: -0.05pt">(e)<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>the <U>Annual Summary Report</U> contains a description of the activities carried out by the Company's Audit and Risks Committee,
its results and conclusions reached, as well as the recommendations made</FONT>.</P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Financial Statements
are expected to be published in the newspaper Valor Econ&ocirc;mico (National Edition) by April 12, 2024<FONT STYLE="letter-spacing: -0.05pt">.</FONT></P>

<P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><B>Management
comments on the Company's financial situation </B></P>

<P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><FONT STYLE="color: #404040">The
management's comments on the Company's financial situation for the fiscal year ending December 31, 2023, pursuant to Section 2 of the
Reference Form, can be found in </FONT><B>SCHEDULE A</B> <FONT STYLE="color: #404040">of this Management Proposal.</FONT></P>

<P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><B>Standardized
Financial Statements Form</B></P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">In addition, the Standardized
Financial Statements Form - DFP is also available for consultation by Shareholders on the Company's website <FONT STYLE="letter-spacing: -0.05pt">(<FONT STYLE="color: rgb(0,111,192)"><B>https://ri.eletrobras.com/</B></FONT>),
CVM&rsquo;s (<FONT STYLE="color: rgb(0,111,192)"><B>https://sistemas.cvm.gov.br/</B></FONT>) and B3's (<FONT STYLE="color: rgb(0,111,192)"><B>https://www.b3.com.br/pt_br/</B></FONT>).</FONT></P>


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<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #0070C0">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">2.1.1.2. To approve
the proposal of the Company's management for the allocation of net income for the fiscal year ending December 31, 2023, and the distribution
of dividends</P>

<P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><FONT STYLE="color: #404040">Eletrobras
reported a consolidated net profit of R$4,395 billion for the fiscal year ended December 31, 2023, 21% higher than the R$3,638 billion
in 2022. The Management Report and </FONT><B>SCHEDULE&nbsp;A</B> <FONT STYLE="color: #404040">of this Proposal detail the variation in
the main accounts that make up the result for the year 2023, presenting the highlights and events that occurred during the year and which
shed light on this result.</FONT></P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">In this context, having
noted the favorable opinions of the Fiscal Council and the Audit and Risks Committee, as well as the Independent Auditor's Report, the
Company's Management proposes that the determination of the parent company's net profit in the amount of R$4,550 million, as per the Financial
Statements, be recorded.</P>

<P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><B>Allocation
of Profits and Distribution of Dividends</B></P>

<P STYLE="color: #404040; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Company's Management
proposes the following allocation of net income for the fiscal year ending December 31, 2023 (without prejudice to the proposed Capital
Budget and Retention, detailed below):</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">As provided for in the main section of article 193 of the Brazilian Corporation
Law, 5% of the net profit for the year, corresponding to R$227 million, must be allocated to the Legal Reserve;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Pursuant
                                            to article 49, paragraph 1 of the Bylaws, the portion corresponding to 25% of the adjusted
                                            net profit for the fiscal year ending December 31, 2023, corresponding to R$1,081 million,
                                            will be distributed to the company's shareholders as mandatory dividends. In addition, management
                                            proposes the distribution of an additional 5% of adjusted net income as an additional dividend,
                                            corresponding to R$216 million. Thus, the total distribution of dividends proposed corresponds
                                            to 30% of the adjusted net profit for the fiscal year ending December 31, 2023, totaling
                                            R$1,297 million, including the portion to be attributed to holders of class &quot;A&quot;,
                                            class &quot;B&quot; and special class preferred shares (golden share). </FONT><FONT STYLE="color: rgb(0,111,192)"><B>If
                                            approved, the dividends will be paid within a time limit of 60 days from the date of approval,
                                            to be announced in due course, in accordance with the provisions of article 205, paragraph
                                            3 of the Brazilian Corporate Law.</B></FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Pursuant to article 50, II, of the Company's current Bylaws, up to 75% of
the net profit for the year may be allocated to the Statutory Investment
Reserve. Management
therefore proposes that the amount of R$3,026 million, corresponding to 66.50% of the net profit for the year, be allocated to the Statutory
Investment Reserve.
</FONT></TD></TR></TABLE>


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<P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><FONT STYLE="color: #404040">Pursuant
to article 10, II, and Schedule A of CVM Res 81/2022, detailed information regarding management's proposal for the allocation of net income
for the fiscal year ending December 31, 2023, can be found in </FONT><B>SCHEDULE B</B> <FONT STYLE="color: #404040">to this Management
Proposal.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Wingdings; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="color: #404040">Capital Budget and Retention (article 196 of the Brazilian Corporation Law)</FONT></TD></TR></TABLE>

<P STYLE="color: #0070C0; font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><FONT STYLE="color: #404040">In
addition to the above, with regard to the proposal to retain profits for capital budget purposes, as authorized by article 196 of the
Brazilian Corporation Law (&quot;Capital Budget&quot;), management clarifies that, for the current fiscal year (2024), it has reviewed
its Capital Budget and considered the proposal to retain accumulated profits of R$373 million to be appropriate. Information on the proposed
Capital Budget and on the retention of profits, under the terms of article 196 of the Brazilian Corporation Law, can be found in </FONT><B>SCHEDULE
B</B> <FONT STYLE="color: #404040">to this Management Proposal.</FONT></P>


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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #404040">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">2.1.1.3. To set the
annual maximum compensation of the managers, the external members of the advisory committees to the Board of Directors and the members
of the Fiscal Council (if installed) for the fiscal year 2024</P>

<P STYLE="font: 11pt/130% Calibri, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Brief Background</B></FONT></P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">Until June 17, 2022, the
date on which the privatization of the Company materialized through an operation to increase the capital stock with dilution of the controlling
public entity (capitalization or <I>follow-on</I>), the compensation strategy of the managers of Eletrobras and its subsidiaries was defined
exclusively by the Secretariat for the Coordination and Governance of State-Owned Companies (SEST), whose guidelines were to be applied
to all state-owned enterprises. This is because, until that date, the Company was a federal state-owned company, under the control of
the Federal Government, and was subject to a series of limitations for the determination of the compensation of its managers.</P>



<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">After the <I>follow-on</I>,
the Company the company no longer had a defined controlling shareholder (<I>corporation</I>), which imposed new challenges on the management
associated with its transformational process, aiming at unlocking the numerous value levers associated with the new nature of private
company.</P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">In view of this situation,
it was found that the management compensation model in force at the time of privatization was outdated with market practices and inadequate
to the Company's objectives of attracting and retaining talent and generating sustainable value in the long term.</P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><FONT STYLE="color: #404040">At the EGM
held on December 22, 2022, the Company presented the new compensation model for its managers (&quot;<U>Compensation Model</U>&quot; or
&quot;<U>Model</U>&quot;), which was based on a study prepared by the specialized consulting firm Korn Ferry. At that moment, the shareholders
became aware of the main characteristics of the new short-term incentive mechanism for executives, approved the prospective review of
the overall compensation within the period in effect at the time, and also approved the components of the new long-term incentives, more
specifically: (i)&nbsp;the Compensation Plan Based on Stock Options (&quot;<U>Stock Option Plan</U>&quot;); and (ii)&nbsp;Restricted
Stock Based Compensation Plan (&quot;<U>Restricted Stock Plan</U>&quot;), both available for consultation on the Company's investor relations
website (<U>https://ri.eletrobras.com</U>) and on the CVM website (</FONT><FONT STYLE="color: rgb(64,64,64)"><U>www.cvm.gov.br</U></FONT><FONT STYLE="color: #404040">),
which the Company's management proposes to amend, pursuant to </FONT><FONT STYLE="color: #0070C0"><B>SCHEDULE E </B></FONT><FONT STYLE="color: #404040">to
</FONT><FONT STYLE="color: #0070C0"><B>SCHEDULE J </B></FONT><FONT STYLE="color: #404040">of this Proposal. </FONT></P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">At the OGM held on
April 27, 2023, the shareholders approved the proposal for the overall compensation of the managers for the period from April 1,
2023, to March 31, 2024, and the guidelines and
assumptions of the Compensation Model approved at the December 2022 meeting were preserved.</P>


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<P STYLE="font: 11pt/120% Calibri, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"></P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">Contemplating compensation
levels aligned with companies of similar size and sector, the Compensation Model is composed of fixed compensation, benefits and short
and long-term incentive mechanisms, with the distribution of weights focused primarily on the long-term vision, with the objective of
solidifying a high-performance, ethical and sustainable culture. In this sense, the Compensation Model:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/120% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">enables the Company to retain
current key professionals and attract new talent, in addition to fostering a high-performance culture, through the granting of long-term
incentives conditioned to the fulfillment of previously established conditions, goals and triggers, which serves as a driving force for
unlocking the value levers of capitalization;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/120% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">allows managers (and other beneficiaries)
to benefit a direct association between their performance and the capture of a portion of the value related to the appreciation of the
Company's shares compared to the exercise price defined in the Option Plan, whose pricing is based on the premise that the exercise price
cannot be less than BRL42.00 per share, monetarily adjusted by the variation of the IPCA since October 10, 2022 (date of the capital increase
operation that resulted in the privatization of the Company) until the effective exercise of the right of call options, and may also be
increased by additional spread by decision of the Board of Directors. In addition, management proposes to the Meeting to amend the Stock
Option Plan to provide that, in addition to the foregoing, the exercise price of the options, set forth in the respective grant agreement,
is not lower than the average price per share of the Company, to be determined by the Company based on the average closing price of its
common shares traded on B3 S.A. &ndash; Brasil, Stock Exchange, Over-the-Counter (ticker: ELET3), in the 90 trading sessions prior to
the date of granting of the Options to each Beneficiary (as defined in the Options Plan), weighted by the trading volume of such common
shares;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/120% Calibri, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">It fosters an ethical culture
of high performance, focused on exceeding targets, maximizing the ability to generate long-term value and sharing this value with long-term
investors.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">Along these lines, the
approval of the Compensation Model enabled the Company to carry out its initial personnel restructuring, with emphasis on building a team
of excellence of twelve executives who now occupy the Presidency and eleven Executive Vice-Presidencies, according to the reformulation
of the organizational structure of the Company's Executive Officers (&quot;<U>Executive Officers</U>&quot;) in 2023.</P>

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<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #404040">It is the vision of this
management that the achievement of the desired levels of the management of assets and business presupposes, above all, the search for
excellence in people management. And the composition of a highly qualified, collaborative, honest and high-performance executive team
is an inescapable prerequisite for the Company to build a high-performance culture.</P>

<P STYLE="font: 11pt/130% Calibri, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Annual Maximum Compensation Proposal</B></FONT></P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">This annual maximum compensation
proposal (&quot;<U>Compensation Proposal</U>&quot;), approved unanimously by the Company's Board of Directors, covers the period from
January 1, 2024 to December 31, 2024. The purpose of the Compensation Proposal is to continue the implementation of the Compensation Model,
which represents an essential element in unlocking the levers associated with privatization.</P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">The Compensation Proposal
considers the following general assumptions and guidelines:</P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">the Compensation Model approved by shareholders in December
2022 enabled Eletrobras to start its transformational journey by strengthening its people management strategy, through the inclusion of
tools to capture and retain talent and qualified executives, as well as to encourage an ethical and high-performance culture and alignment
of interests among management, the Company and its shareholders;</FONT></P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">the best market practices and the recommendations
made by the consulting firm Korn Ferry gave rise to the development of a Model whose general premise is that the highest percentage of
the total compensation for the members of the Board of Executive Officers should be concentrated in short-term (STI) and long-term (LTI)
incentives: </FONT><FONT STYLE="color: #0070C0"><B>20% to 30% for fixed compensation; 25% to 30% for STI; and 40% to 50% for LTI.</B></FONT></P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">the fixed compensation levels of the Executive
Officers are positioned in the P50 (50% percentile) of the market, and, with the adoption of short- and long-term incentives based on
goals, triggers and challenges of an economic-financial, social, environmental and governance nature of the Company, the total compensation
package will be framed between P75 and P90 (between the 75% percentile and the 90% percentile). </FONT><FONT STYLE="color: #0070C0"><B>Therefore,
the executive's maximum compensation package will only be achieved if the performance is proportional and targeted to the achievement
of its goals.</B></FONT></P>


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<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">the Executive Officers play a key role
in the rationalization and optimization of the governance and management structure of the Company's subsidiaries, as well as in the consolidation
of Eletrobras' role as a driver of a unified business strategy, through initiatives such as: (i)&nbsp;definition and implementation of
its optimal capital structures; (ii)&nbsp;exploration of synergistic gains with the standardization of processes, routines, practices
and structures, economies of scale and elimination of redundancies; (iii)&nbsp;unification and continuous improvement of safety standards
in the management of people, assets and care for the environment; (iv)&nbsp;greater speed and security in decision-making; (v)&nbsp;improvement
of integrated risk management; (vi)&nbsp;efficiency gains in the management of people, in the operation of assets and in the structuring
and execution of investment projects; (vii)&nbsp;structuring a holistic and integrated view of the innovation, research and development
process, aiming at identifying and capturing new technologies, risks and opportunities in the face of the constant evolution and development
of the energy sector.</FONT></P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">the Executive Officers played an important
role in leading several fronts that led to relevant achievements in the 2023 fiscal year, always guided by the Company's Strategic Plan,
whose objective is to position Eletrobras as a global leader in value creation with renewable and low-emission infrastructure and solutions.
In this sense, the following initiatives are highlighted in the Strategic Plan: (i) the simplification and optimization of the corporate
structures of Eletrobras and its subsidiaries; (ii) the structuring of the teams of managers responsible for the leadership and structuring
of key strategic areas; (iii) the reduction of its operating costs (PMSO); (iv) the evolution of the rationalization process of Special
Purpose Companies (SPEs)/Clusters; (v) the negotiation of debts associated with compulsory loans; and (vi) the disposal of assets and
reduction of liabilities;</FONT></P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">the Strategic Plan also defined four guidelines
that guide Eletrobras' long-term vision of consolidating itself as a global <I>green major</I>, which guide the goals, triggers and indicators
of the Compensation Model, namely: (i) transformation and operational resilience; (ii) reference in ESG (environmental, social and governance)
practices; (iii) innovation and technology; and (iv) sustainable growth. </FONT></P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">the Compensation Model is a necessary
lever for the execution of the Company's Strategic Plan, as it allows the management to channel its efforts in favor of the intended
short, medium and long-term directions, including indicators and targets of different dimensions, such as: economic-financial, governance,
environmental and social &ndash; as described in </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #0070C0; line-height: 120%"><B>SCHEDULE
C </B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 120%">to this Management
Proposal; </FONT></P>
<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040"></FONT></P>


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<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">the Bonus Program (&quot;<U>Short-Term
Incentive</U>&quot; or &quot;<U>STI</U>&quot;) and the Stock Option Program (&quot;<U>Long-Term Incentive</U>&quot; or &quot;<U>LTI</U>&quot;)
are based on goals considered together or separately, such as, for example, profitability, sustainability, excellence and/or long-term
value creation, as well as the Company's triggers and challenges, so that, if fulfilled, and depending on the degree attained, there is
a corresponding remuneration. Therefore, the short- and long-term incentives adopted by the Company reflect, while supporting the Strategic
Plan;</FONT></P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">in the case of the Stock Option Plan, <B><U>there is no possibility</U></B>
of the exercise price per option granted being set at a level lower than BRL42.00 (adjusted annually by the variation of the IPCA and
also subject to the addition of a <I>specific spread</I> at the discretion of the Board of Directors). In addition, management proposes
that the Plan be amended to include a rule that the exercise price <B><U>may not</U></B> be set at an amount lower than the market value
of the common shares issued by the Company (calculated based on the average of the closing price of the 90 trading sessions prior to the
respective date of grant, weighted by the trading volume of such common shares). given that the basic premise of the Stock Option Plan
is the generation of long-term sustainable value, to be shared between its beneficiaries and the Company's shareholders, who supported
the privatization and approved the Stock Option Plan. In addition, it is it was pointed out that at the time of the follow on, approximately
55% of the shareholders acquired shares at the previously mentioned price of BRL 42.00, which reinforces the Company's zeal, when constructing
the Compensation Model, to align the long-term interests of shareholders and managers;</FONT></P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">the Restricted Stock Plan was developed
as a specific long-term incentive mechanism for the Executive Officers and the members of the Board of Directors and with the objective
of attracting and retaining key talents and qualified executives, strictly in the context of privatization. Thus, the possibility of granting
grants under this plan ended in March 2023. </FONT></P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 10pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">in line with good corporate governance
practices and principles and applicable legislation, the Company's Board of Directors approved, in 2023, the following policies: (i)
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #0070C0"><B>Management Compensation Policy</B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">,
which consolidates rules and assumptions associated with the Compensation Model and also establishes rules aimed at the possible retention
and compensation of amounts due to managers (<I>malus</I>) and reimbursement to the Company of any compensation incentives erroneously
granted to managers due to a subsequent accounting rectification (<I>clawback</I>), including compliance with the provisions of Section
10D of the <I>Securities Exchange Act</I> of 1934, as amended (<I>Exchange Act</I>), Rule 10D-1 enacted under the <I>Exchange Act</I>
(<I>Rule 10D-1</I>). 10D-1) and Section 303.14 of the <I>New York Stock Exchange Listed Company Manual</I>; (ii) </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #0070C0; line-height: 120%"><B>Indemnity
Policy</B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 120%">, which
establishes clear guidelines and limits for the exercise of the right of indemnity by its beneficiaries, whether through the activation
of the D&amp;O Insurance or the Indemnity Agreement entered into, such as the establishment of a limit on the Company's financial exposure,
the establishment of rules for the treatment of potential situations of conflict of interest and the establishment of causes excluding
the right to indemnity, among which the hypothesis of compensation based on <I>Rule</I> 10D-1 stands out, which overrides any indemnity;
(iii) </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #0070C0; line-height: 120%"><B>Nomination
Policy</B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 120%">, which
establishes objectives, assumptions and general rules associated with the process of nomination and investiture of managers of Eletrobras
and its subsidiaries.</FONT></P>
<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040"></FONT></P>


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<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">Finally, in accordance
with market practices and aiming at a better understanding of the information by shareholders, the Company now presents to investors the
proposal for the remuneration of managers for the fiscal year (coinciding with the calendar of the current year) and no longer for the
period between April of the current year and March of the following year.</P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">That said, Management proposes to the
Shareholders' Meeting that the amount of up to <FONT STYLE="color: rgb(0,111,192)"><B>BRL83,174,264.33</B></FONT> be approved for the
fiscal year 2024, as maximum aggregate compensation for the members of the Executive Officers, members of the Board of Directors and
external members of the Advisory Committees to the Board of Directors, as well as the Fiscal Council (if installed). This amount does
not include the charges related to the national institute of social security (INSS), and is composed of:</P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Symbol; font-size: 12pt; color: #404040">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #404040">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">BRL67,097,036.21 for the </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #0070C0"><B>Executive
Officers</B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">;</FONT></P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Symbol; font-size: 12pt; color: #404040">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #404040">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">BRL13,219,728.12 for members of the </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #0070C0"><B>Board
of Directors</B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">;</FONT></P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Symbol; font-size: 12pt; color: #404040">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #404040">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">BRL2,100,000.00 for the external members
of the </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #0070C0"><B>Advisory Committees to the Board
of Directors</B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">; and</FONT></P>

<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Symbol; font-size: 12pt; color: #404040">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #404040">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">BRL757,500.00 for the </FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #0070C0"><B>Fiscal
Councilors </B></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">(if installed, considering
as premise the election of five full members).</FONT></P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">The adjustments and
amounts set forth above are aimed at achieving the Company's objectives of retaining key talent and attracting qualified executives,
as well as aligning the compensation of Eletrobras' management with the Company's performance and growth after its privatization and
with other companies in the market
and similar size.</P>


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<P STYLE="font: 11pt/120% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"></P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">On this occasion, Management
informs that <U>the maximum aggregate compensation of the Company's management approved at the OGM held on April 27, 2023 was BRL106,516,417.95,
of which BRL94,029,167.54 was effectively paid to the management during the period from April 1, 2023 to March 31, 2024</U>.</P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0.15pt 0.2in 0; text-align: justify"><FONT STYLE="color: #404040">For
a better understanding by the Shareholders of the proposed remuneration of the Company's directors for the financial year 2024, and in
line with the guidelines contained in the Circular/Annual-2024-CVM/SEP Letter, of March 7, 2024, </FONT><FONT STYLE="color: #0070C0"><B>SCHEDULE
D </B></FONT><FONT STYLE="color: #404040">presents historical information on the remuneration actually paid compared against the global
remuneration approved at the Meetings for the periods from April 2023 to March 2024, as well as April 2022 to March 2023.</FONT></P>

<P STYLE="font: 11pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="font-size: 12pt; color: #404040; line-height: 120%">Pursuant
to Article 13 of </FONT><FONT STYLE="color: #404040">CVM Resolution <FONT STYLE="font-size: 12pt; line-height: 120%">81</FONT>/2022<FONT STYLE="font-size: 12pt; line-height: 120%">,
all information and details regarding Management's proposal to set the overall compensation of the members of the Board of Directors,
the Executive Officers, the Fiscal Council (if installed) and the external members of the advisory committees to the Board of Directors,
as provided for in Section 8 of the Reference Form, are set out in </FONT></FONT><FONT STYLE="font-size: 12pt; color: #0070C0; line-height: 120%"><B>SCHEDULE
C </B></FONT><FONT STYLE="font-size: 12pt; color: #404040; line-height: 120%">of this Management Proposal.</FONT></P>


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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #404040">&nbsp;</P>

<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #0070C0"><B>2.1.2. AGENDA &ndash;
EGM</B></P>

<P STYLE="color: #0070C0; font: bold 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">2.1.2.1. To approve
the proposed amendment to the Stock Plan approved at the Company's Extraordinary General Meeting held on December 22, 2022</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.15pt 0.2in 0; text-align: justify; color: #404040">At the EGM held
on December 22, 2022, the Eletrobras Stock Option Plan (&quot;<U>Stock Option Plan</U>&quot;) was approved with the objective of enabling
the incorporation of long-term incentives, associated with the achievement of previously defined goals, in the remuneration package of
the Beneficiaries, transforming them into potential shareholders of the Company, thus fostering a long-term vision of value creation.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.15pt 0.2in 0; text-align: justify; color: #404040">In the course of
the implementation of the Stock Option Plan and the definition of the terms and conditions for the respective grants, the Board of Directors
identified the need to make specific adjustments to the rules of the plan, in order to:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.05pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Wingdings; font-size: 12pt; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">address
the particularities faced by the Company in 2023, during the period of adaptation of its team of executive officers to its new phase after
privatization; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.05pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Wingdings; font-size: 12pt; color: #4472C4">&#167;</FONT></TD><TD STYLE="text-align: justify; padding-right: 0.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040">provide
greater transparency to shareholders about the practices already adopted by the Company in setting the exercise price of call options,
by establishing that the exercise price provided for in the grant agreement must always be at a level not lower than the market value
of the shares on the date of the grant, to be calculated based on the average closing price of the Company's common shares traded in the
90 trading sessions prior to the respective date weighted by the trading volume of such shares.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.15pt 0.2in 0; text-align: justify"><FONT STYLE="color: #404040">In
this sense, Management proposes to make adjustments to the Stock Option Plan, which are summarized below, together with their respective
justification. Additional information on the proposed amendment to the Stock Option Plan can be found in (i) </FONT><FONT STYLE="color: #0070C0"><B>SCHEDULE
E</B></FONT><FONT STYLE="color: #404040">, referring to the information required by Schedule B of CVM Resolution 81/2022; </FONT>(ii)
in <FONT STYLE="color: #0070C0"><B>SCHEDULE F</B></FONT><FONT STYLE="color: #404040">, corresponding to the &quot;from/to&quot; table
highlighting the proposed changes to the Stock Option Plan; and (iii) in </FONT><FONT STYLE="color: #0070C0"><B>SCHEDULE G</B></FONT>,
<FONT STYLE="color: #404040">in which the consolidated version of the Stock Option Plan is presented, as proposed for amendment</FONT><FONT STYLE="color: #0070C0">.</FONT></P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="border-top: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; vertical-align: middle; width: 5%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>#</B></FONT></TD>
    <TD STYLE="border-top: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; vertical-align: middle; width: 41%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>Summary Description of Adjustment</B></FONT></TD>
    <TD STYLE="border-top: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; vertical-align: middle; width: 54%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>Justification</B></FONT></TD></TR>

  <TR>
    <TD STYLE="width: 5%; border-top: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>1.</B></FONT></TD>
    <TD STYLE="width: 41%; border-top: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 130%">To enable that, exclusively for the beneficiaries to whom the Company approved the granting of Call Options during the fiscal year of 2023, the Board of Directors may set the initial milestone for calculating the Maturity Period of the respective Options granted, on a date prior to the date of the respective Option Agreement, but in no case prior to June 1, 2023, and always after the possession or admission of the respective beneficiary.</FONT></TD>
    <TD STYLE="width: 54%; border-top: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #404040">In order to ensure that
    the implementation of the Company's Stock Option Plan is carried out in a manner consistent with the long-term interests of the Company
    and its shareholders, the discussions on the terms and conditions for granting the Options to the executives required significant time
    and effort from the Company.</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #404040">Even after the approval
    by the Board of Directors of the Option Program and the selection of some of the Company's employees as beneficiaries of the Plan, a significant
    amount of time elapsed until the effective drafting of the respective Option Agreements, implying that the granting of the Options, through
    the execution of the respective instruments, was postponed to the 2024 fiscal year.</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #404040">As a result, as a way of
    not harming the executives selected by the Board of Directors in 2023 as beneficiaries of the Plan, the Company proposes that the Board
    of Directors may, in an extraordinary manner, set an initial milestone for calculating the Maturity Period of their respective Options
    on a date prior to the date of the respective Option Agreement, provided that this date: (a) is in no case prior to June 1, 2023, and
    (b) is always subsequent to the possession or admission of the beneficiary.</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #404040">The proposed adjustment,
    therefore, is restricted to options already approved by the Board of Directors in 2023. It should also be noted that the change relates
    exclusively to the beginning of the calculation date of the maturity period, and therefore there is no change in other conditions provided
    for in the Stock Option Plan (exercise price, indicators and performance goals, <I>vesting conditions </I>etc.).</P></TD></TR>
  <TR>
    <TD STYLE="border-bottom: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>2.</B></FONT></TD>
    <TD STYLE="border-bottom: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 130%">To provide that, in addition to the current rule of the Plan for setting the exercise price of Call Options &ndash; according to which the price per share may not be lower than BRL 42.00 updated by the variation of the IPCA since June 6, 2022 &ndash; the exercise price may also not be lower than the average price per share of the Company, to be determined by the Company based on the average closing price of its common shares traded on B3 S.A. &ndash; Brasil, Bolsa, Balc&atilde;o (ticker: ELET3), in the 90 trading sessions prior to the date of grant, weighted by the trading volume of such common shares.</FONT></TD>
    <TD STYLE="border-bottom: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #404040">The Company has already
    adopted the rule of not setting the exercise price at a level lower than the market value of the shares.</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #404040">Thus, the proposed adjustment
    only seeks to increase the degree of transparency in relation to a conduct that is already practiced by the Company.</P></TD></TR>
  </TABLE>

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<P STYLE="color: #0070C0; font: bold 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">2.1.2.2. To approve
the proposed amendment to the Restricted Stock Option Plan approved at the Company's Extraordinary General Meeting held on December 22,
2022;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.15pt 6pt 0; text-align: justify; color: #404040">As mentioned above,
at the EGM held on December 22, 2022, Eletrobras' Restricted Shares Plan (&quot;<U>Restricted Share Plan</U>&quot;) was also approved,
the objective of which is to (i)&nbsp;retain the Company's talents who have demonstrated solid high-performance performance and have qualifications
and professional profiles aligned with the Company's new stage; (ii)&nbsp;assist in attracting new talent to key positions within the
scope of Eletrobras' ongoing restructuring process; and (iii)&nbsp;encourage the Company's development and sustainable growth and the
maximization of long-term value, in alignment with the capitalization value levers, by incorporating this Restricted Stock Plan into the
compensation package of the current composition of the Board of Directors, whose term of office extends until the 2025 Annual General
Meeting.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.15pt 6pt 0; text-align: justify; color: #404040">As in the case of
the Stock Option Plan, when implementing the Restricted Stock Plan, the Board of Directors identified the need to make specific adjustments
to the plan's rules, in order to ensure greater adherence to market practices.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.15pt 6pt 0; text-align: justify; color: #404040">In the view of management,
the share-based compensation model adopted by Eletrobras requires constant improvement to maintain its objectives, competitiveness, effectiveness
and alignment of the interests of the Company, its shareholders and beneficiaries.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="color: #404040">The Company
presents below a summary of the adjustments and the respective justification for the amendment of the Restricted Stock Plan. Additional
information on the proposed amendment to the Restricted Action Plan can be found in (i) </FONT><FONT STYLE="color: #0070C0"><B>SCHEDULE
H</B></FONT><FONT STYLE="color: #404040">, referring to the information required by Exhibit B of CVM Resolution 81/2022; (ii) in </FONT><FONT STYLE="color: #0070C0"><B>SCHEDULE
I</B></FONT><FONT STYLE="color: #404040">, corresponding to the &quot;from/to&quot; table highlighting the proposed changes to the Restricted
Action Plan; and (iii) in </FONT><FONT STYLE="color: #0070C0"><B>SCHEDULE J</B></FONT><FONT STYLE="color: #404040">, in which the consolidated
version of the Restricted Action Plan is presented, as proposed for amendment.</FONT></P>


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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="border-top: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; width: 5%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>#</B></FONT></TD>
    <TD STYLE="border-top: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; width: 46%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>Summary Description of Adjustment</B></FONT></TD>
    <TD STYLE="border-top: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; width: 49%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>Justification</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>1.</B></FONT></TD>
    <TD STYLE="border-bottom: #A6A6A6 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #404040">To make it possible that,
    exceptionally, in the event of death or permanent disability of a Beneficiary who is a member of the Board of Directors, the Beneficiary
    (or his/her heir(s), in the event of death) has the right to receive a number of Restricted Shares calculated in a proportional manner
    (<I>pro rata</I>) to the period served by the Beneficiary during his/her term of office on the Board of Directors.</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #404040">In addition, include the
    specific treatment of the case of the Beneficiary who is deceased or incapacitated by a permanent cause who holds a position as Executive
    Officer and on the Board of Directors, so that the shares received as Executive Officer are deducted from the number of <I>pro rata</I>
    shares to which the Beneficiary (or his/her heir, as the case may be) will be entitled, in the event of death or disability.</P></TD>
    <TD STYLE="border-bottom: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 130%">Adjustment in line with market practices, as well as to address the exceptional scenario experienced by the Company, where certain beneficiaries hold positions on the Board of Directors and the Executive Officers, and, therefore, demand differentiated treatment in the event of death or permanent disability, given that they may have received lots of the restricted shares granted to them, prior to the respective vacancy event. We emphasize that the manager who holds a position on the Board of Directors and as Executive Officer is not entitled to cumulative compensation, that is, there is no duplicate payment.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 5%; border-bottom: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>2.</B></FONT></TD>
    <TD STYLE="width: 46%; border-top: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 130%">To enable that, in addition to the adjustments in the number of restricted shares granted in the event that the number of shares issued by the Company is increased, decreased, there is a split or reverse split of shares, or dividends paid in shares, the Board of Directors may also make adjustments in order to reflect the economic impact of any dividend distributions;&nbsp;&nbsp;Interest on equity or proceeds in the period between the date of grant and transfer of ownership of the shares.</FONT></TD>
    <TD STYLE="width: 49%; border-top: #A6A6A6 1pt solid; border-bottom: #A6A6A6 1pt solid; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 130%">Adjustment in line with market practices.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">2.1.2.3. Pursuant
to article 53 of the Company's Bylaws and as approved by the shareholders at the Company's Extraordinary General Meeting held on April
17<SUP>th</SUP>, 2023, to elect the member of the Board of Directors who will replace Mr. Carlos Eduardo Rodrigues Pereira, whose term
of office ends at the Ordinary and Extraordinary General Meeting of 2024, and the new member elected to the position in question will
remain in the position until the ordinary general meeting to be held in 2025.</P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 12pt; color: #7395D3">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #7395D3">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #0070C0"><B>Background</B></FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">At the Company's Extraordinary
General Meeting, held on April 17<SUP>th</SUP>, 2023, the exclusion of the statutory provision for the position of member of the Board
of Directors representing employees was approved.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">In this context, a Transitional
Provision was included in article 53 of the Company's Bylaws, stating that, despite the approval of the extinction of the seat on the
Board of Directors held by an employee representative, Mr. Carlos Eduardo Rodrigues Pereira, who had been elected to the position in question,
should remain in the position until the OEGM of 2024, when the shareholders with common shares would elect his successor for the conclusion
of the unified mandate of the Board of Directors at the OGM of 2025.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">In addition, current formation
of Eletrobras' Board of Directors concluded its first performance assessment cycle in February 2024, with the support of the external
consultancy Spencer Stuart. This evaluation covered the individual and collegiate performance of the Board of Directors, as well as the
performance of its advisory committees.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">The work in question considered
numerous aspects of the performance of the Board of Directors and its committees, including its structure, organization and attributions,
its culture, and the individual and effective contribution of its members.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">In this sense, the board
identified opportunities for improvement that became part of its Development Plan, which reflects the company's commitment to diversity,
not just as an intrinsic value, but as a strategic driver of innovation. The Company's management therefore prioritizes a composition
of the Board of Directors that encompasses a wide range of perspectives - including gender, race, ethnicity, and representation of historically
under-represented communities. In addition, we emphasize the importance of complementary and multidisciplinary functional expertise,
with special attention to critical areas for the Company, such as human capital management, organizational structure, development, and
succession planning.</P>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040"></P>


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<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Wingdings; font-size: 12pt; color: #4472C4">&#167;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #0070C0"><B>Appointment of Ms. Ana Silvia Matte</B></FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><FONT STYLE="color: #404040">In this
context, based on the provisions of Eletrobras' Appointments Policy, and taking into account the inputs provided by the Board of Directors'
performance evaluation process, the Company's People Committee referred to the Board of Directors the appointment of </FONT><FONT STYLE="color: #0070C0"><B>Ms.
Ana Silvia Matte </B></FONT><FONT STYLE="color: #404040">to assume the vacant seat, for the purpose of concluding the unified term of
office until the OGM of 2025.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><FONT STYLE="color: #0070C0"><B>Ms. Ana
Silvia Matte</B></FONT><FONT STYLE="color: #404040">'s appointment was approved by the Board of Directors at the meeting held on March
25<SUP>th</SUP>, 2024, based on the recommendation from the People&acute;s Committee, without the involvement of the aforementioned,
and the Committee also analyzed her investiture requirements. The candidate's qualifications and experience are detailed below and in
</FONT><FONT STYLE="color: #0070C0"><B>SCHEDULE K </B></FONT><FONT STYLE="color: #404040">to this Management Proposal, in accordance
with items 7.3 to 7.6 of the Reference Form. The candidate in question meets the independence requirements set out in Annex K of Res
CVM 80/2022 and in the Rules of the New Market special governance segment of B3 S.A. - Brasil, Bolsa, Balc&atilde;o (&quot;B3&quot;).</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><FONT STYLE="color: #0070C0"><B>Ms. Ana
Silvia Matte </B></FONT><FONT STYLE="color: #404040">is a professional with solid experience in executive positions with a focus on people
and human resources, <I>C-Level </I>in large companies and with strong relationships with stakeholders and shareholders<I>. </I>Throughout
her career, she has had various experiences as a board member and as a member of thematic committees of publicly traded companies, having
already been a member of the Company's Board of Directors at the time of its privatization and having worked in the management bodies
of companies such as Petrobras, Vale, Copel, Cemig and Renova Energia. </FONT><FONT STYLE="color: #0070C0"><B>Ms. Ana Silvia Matte </B></FONT><FONT STYLE="color: #404040">is
currently an independent external member of the Company's People Committee.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><FONT STYLE="color: #404040">In addition,
</FONT><FONT STYLE="color: #0070C0"><B>Ms. Ana Silvia Matte </B></FONT><FONT STYLE="color: #404040">has a career marked by the promotion
of gender equality and equity in executive positions and is co-author of the book &quot;Women on the Board - The Power of a Story&quot;,
published in November 2022 by Editora Leader.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><FONT STYLE="color: #404040">The Board
of Directors and the People Committee believe that the appointment of </FONT><FONT STYLE="color: #0070C0"><B>Ms. Ana Silvia Matte </B></FONT><FONT STYLE="color: #404040">is
in line with Eletrobras' purpose and with the best national and international corporate governance practices, considering, in</FONT></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><FONT STYLE="color: #404040">addition to regulatory
requirements, diversity criteria and a professional profile suited to the needs of the Board and the Company which, taken together, represent
the attributes considered critical for the Board of Directors to act in line with the Company's long-term strategic vision.</FONT></P>


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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #404040">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 20pt/107% Arial, Helvetica, Sans-Serif; margin: 12pt 0 12pt 28.35pt; text-align: justify">Conclusion</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify"><FONT STYLE="color: #404040">In view of the
above, the Company's Board of Directors has approved the convening of </FONT><FONT STYLE="color: #0070C0"><B>Eletrobras&rsquo; Ordinary
and Extraordinary General Shareholders&rsquo; Meeting, to be held on April 26, 2024</B></FONT><FONT STYLE="color: #404040">, under the
terms of this Management Proposal and its annexes and recommends that Shareholders carefully read all the documentation made available
to them in relation to the proposed resolutions, as well as approve them at the Meeting.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="color: #404040">All the documents
relating to the matter to be resolved by the OEGM, in particular the Financial Statements, accompanied by the Management Report, the Independent
Auditor's Report, the opinions of the Fiscal Council on the Capital Budget and on the Financial Statements, as well as the Summary Annual
Report of the Eletrobras Statutory Audit and Risk Committee and the Standardized Financial Statements Form - DFP, all relating to the
fiscal year ending December 31, 2023 are available to Shareholders on the website: </FONT><FONT STYLE="color: #0070C0"><B>https://ri.eletrobras.com/</B></FONT><FONT STYLE="color: #404040">,
</FONT><FONT STYLE="color: #0070C0"><B>https://sistemas.cvm.gov.br/ </B></FONT><FONT STYLE="color: #404040">e </FONT><FONT STYLE="color: #0070C0"><B>https://www.b3.com.br/pt_br/</B></FONT><FONT STYLE="color: #404040">,
as well as the Schedules listed below.</FONT></P>


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<P STYLE="color: #0070C0; font: bold 20pt/107% Arial, Helvetica, Sans-Serif; margin: 12pt 0 12pt 28.35pt; text-align: justify">List of
Schedules</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18%; padding-top: 6pt; padding-bottom: 6pt; font: 12pt/130% Arial, Helvetica, Sans-Serif; text-align: justify; color: #0070C0"><B>Schedule A</B></TD>
    <TD STYLE="width: 82%; padding-top: 6pt; padding-bottom: 6pt; font: 12pt/130% Arial, Helvetica, Sans-Serif; text-align: justify; color: #0070C0"><FONT STYLE="color: #404040">Section 2 of the Company's Reference Form (information on the directors' comments on the financial and equity conditions and results of operations)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><B>Schedule B</B></TD>
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><FONT STYLE="color: #404040">Information required by Schedule A of CVM Resolution 81 (Allocation of the Company's Net Income)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><B>Schedule C</B></TD>
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><FONT STYLE="color: #404040">Section 8 of the Company's Reference Form (detailed information on the remuneration of managers and members of advisory committees)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><B>Schedule D</B></TD>
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><FONT STYLE="color: #404040">Historical information on Management compensation effectively paid compared to approved maximum aggregate compensation at the OGM</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><B>Schedule E</B></TD>
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><FONT STYLE="color: #404040">Information required under Schedule B of Resolution CVM 81/2022 (proposal for amending the &quot;Eletrobras Compensation Plan Based on Stock Options&quot; approved at the Company's Extraordinary Shareholders' Meeting held on December 22, 2022)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><B>Schedule F</B></TD>
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><FONT STYLE="color: #404040">&quot;From/To&quot; table of the proposed changes to the Compensation Plan Based on Stock Purchase Options</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><B>Schedule G</B></TD>
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><FONT STYLE="color: #404040">Stock Option Plan with consolidated proposed changes</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><B>Schedule H</B></TD>
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><FONT STYLE="color: #404040">Information required by Annex B of CVM Resolution 81/2022 (proposal for amending the &quot;Eletrobras Restricted Share-Based Compensation Plan&quot; approved at the Company's Extraordinary General Meeting held on December 22, 2022)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><B>Schedule I</B></TD>
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><FONT STYLE="color: #404040">&quot;From/To&quot; table of the proposed changes to the Compensation Plan Based on the Restricted Shares</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><B>Schedule J</B></TD>
    <TD STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-bottom: 6pt; text-align: justify; color: #0070C0"><FONT STYLE="color: #404040"><I>Restricted Shares Plan with the proposed consolidated amendments</I></FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 18%; padding-top: 6pt; padding-bottom: 6pt; font: 12pt/130% Arial, Helvetica, Sans-Serif; text-align: justify; color: #0070C0"><B>Schedule K</B></TD>
    <TD STYLE="width: 82%; padding-top: 6pt; padding-bottom: 6pt; font: 12pt/130% Arial, Helvetica, Sans-Serif; text-align: justify; color: #0070C0"><FONT STYLE="color: #404040">Sections 7.3 to 7.6 of the Company's Reference Form (information on Ms. Ana Silvia Matte, candidate for member of the Company's Board of Directors)</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #404040">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: center">SCHEDULE A</P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: center">Section 2 of the Company's
Reference Form (information on the executive officers' comments on the financial and equity conditions and results of operations)</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; color: #0070C0"><B>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MANAGEMENT
COMMENTS</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">For purposes of this Section 2, except as
otherwise provided herein, the term &quot;Eletrobras Subsidiaries&quot;, refers jointly to (i)&nbsp;Centrais El&eacute;tricas Brasileiras
S.A. (&quot;<U>Company</U>&quot; or &quot;<U>Eletrobras</U>&quot;); (ii)&nbsp;Furnas Centrais El&eacute;tricas S.A. (&quot;<U>Furnas</U>&quot;);
(iii)&nbsp;Centrais El&eacute;tricas do Norte do Brasil S.A. (&quot;<U>Eletronorte</U>&quot;); (iv)&nbsp;Companhia de Gera&ccedil;&atilde;o
e Transmiss&atilde;o de Energia El&eacute;trica do Sul do Brasil (&quot;<U>CGT Eletrosul</U>&quot;); (v)&nbsp;Companhia Hidro El&eacute;trica
do S&atilde;o Francisco (&quot;<U>Chesf</U>&quot;); and (vi)&nbsp;Eletrobras Participa&ccedil;&otilde;es S.A. (&quot;<U>Eletropar</U>&quot;).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Except as otherwise provided herein, the
financial information set forth in items 2.1 through 2.9 of this section is derived from the consolidated financial statements for the
fiscal year ended as of December 31, 2023, prepared in compliance with accounting practices adopted in Brazil, including the accounting
pronouncements issued by the Comit&ecirc; de Pronunciamentos Cont&aacute;beis (&quot;<U>CPC</U>&quot;) and International Financial Reporting
Standards (&quot;<U>IFRS</U>&quot;) issued by the International Accounting Standards Board (&quot;<U>IASB</U>&quot;). The managers analysis
clarifying the results obtained and the reasons for the variation in the values of the Company's equity accounts constitutes an opinion
on the impacts or effects of the data presented in the financial statements on the Company's financial condition and operating results
..The Company's management cannot guarantee that the financial condition and results of operations obtained in the past will be reproduced
in the future.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The terms &quot;HA&quot; and &quot;VA&quot;
in the columns of certain tables in section 2 generally mean &quot;Horizontal Analysis&quot; and &quot;Vertical Analysis&quot;, respectively.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The information in this section 2 should
be read and analyzed jointly with the Company's consolidated financial statements, which are available on its website (<FONT STYLE="color: #0462C1"><U>https://ri.eletrobras.com/</U></FONT>)
and on the website of the Brazilian Securities and Exchange Commission (&quot;<U>CVM</U>&quot;) (<FONT STYLE="color: rgb(3,98,193); letter-spacing: -0.1pt">www.cvm.gov.br</FONT>).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; color: #0070C0"><B>2.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management
should comment on:</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; color: #0070C0"><B><I>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;general
financial and equity conditions</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As of December 31, 2023, Eletrobras had
direct shareholder control of four electric energy generation and transmission companies, namely: ELETROBRAS Eletronorte, ELETROBRAS Furnas,
ELETROBRAS Chesf and ELETROBRAS CGT Eletrosul, as well as one holding company, Eletropar.</P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the fiscal year ended as of December
31, 2023, Eletrobras had a consolidated net income of BRL&nbsp;4,394,836&nbsp;thousand, higher than the BRL&nbsp;3,638,382&nbsp;thousand
registered on December 31, 2022.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the fiscal year ended December 31, 2023,
Net Operating Revenue was BRL&nbsp;37,158,908&nbsp;thousand, an increase of BRL&nbsp;3,084,675&nbsp;thousand or 9.1% compared to the fiscal
year ended December 31, 2022, when it was BRL 34,074,233 thousand. This variation occurred in generation, mainly due to the increase of
BRL 2.925 million in revenue of Supply, due to the full accounting of SAESA's revenue for the twelve months of 2023, while in 2022 revenue
was recorded for 6 months, representing an increase of R$1.8 billion and Teles Pires, a total of R$272 million consolidated by Eletronorte
as of 4Q23 and Baguari and Retiro Baixo. In addition, there was an increase in the energy available for sale on the ACL as a result of
the gradual decoterization process of the Quota Power Plants (20% per year), resulting in an approximate gain of BRL 830 million in the
Supply item, of which BRL 490 million at Chesf and BRL 340 million at Furnas. million at Furnas. An increase of BRL 521 million in revenue
from the Short-Term Market (CCEE), as a result of the greater supply of energy traded on the MCP 2023. In transmission, mainly due to
Operation and Maintenance Revenue, which increased by 15% due to the readjustment of the contract's RAP according to Homologatory Resolution
3216/2023, effective as of July/2023. This increase was also influenced by the construction revenue for the periods, which is directly
related to the investments made (appropriated and allocated) in ongoing transmission projects. In 2023, the increase was in the order
of BRL 1.5 billion compared to the previous year, with emphasis on renewed contracts: 062/2001 at Furnas (+ BRL 770 million); 058/2001
at Eletronorte (+ BRL 499 million); and 061/2001 at Chesf (+ BRL 374 million).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Evaluation of Indicators</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The table below presents the evolution of
indicators considered important by management for the evaluation of the Company and its financial and equity position in the last fiscal
year, ended as of December 31, 2023:</P>

<P STYLE="font: 10pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="width: 52%; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>BRL Thousand</B></FONT></TD>
    <TD STYLE="width: 24%; font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="width: 24%; font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 0.15pt; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>12/31/2022</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Current Liquidity Index<FONT STYLE="letter-spacing: -0.1pt">&sup1;</FONT></B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 0.15pt; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.2pt">1.76</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 0.15pt; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.2pt">1.88</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Gross Debt<FONT STYLE="letter-spacing: -0.1pt">&sup2;</FONT></B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 0.15pt; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">BRL 60,780,290</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 0.15pt; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">BRL 59,106,522</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Adjusted Gross Debt<FONT STYLE="letter-spacing: -0.1pt">&sup3;</FONT></B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 0.15pt; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">BRL 61,437,804</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 0.15pt; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">BRL 59,106,522</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Available Funds&#8308;</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">BRL19,674,306</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 0.1pt; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">BRL 24,343,863</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Net Debt<FONT STYLE="letter-spacing: -0.1pt">&#8309;</FONT></B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">BRL 41,763,498</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 0.15pt; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">BRL 34,762,659</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Immediate Liquidity<SUP>6</SUP></B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 0.1pt; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.2pt">0,72</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.2pt">0,92</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Net Gearing<SUP>7</SUP></B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-right: 0.15pt; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">37.13%</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-left: 7.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">31.31%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 0 0; text-align: justify">&sup1; Corresponds to the division between
current assets (<I>ativo circulante</I>) and current liabilities (<I>passivo circulante</I>).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 0 0; text-align: justify">&sup2; Corresponds to payable financing and
debentures, according to section 2.5 - Non-accounting measures<FONT STYLE="letter-spacing: -0.1pt">.</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 0 0; text-align: justify">&sup3; Corresponds to Gross Debt (<I>d&iacute;vida
bruta</I>) plus the net balance of debt derivative instruments.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 0 0; text-align: justify">&#8308; Corresponds to the sum of (i) Cash and cash equivalents, current Securities; (ii) Financing receivables and (iii) Net balance
of Itaipu Financial Assets.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 0 0; text-align: justify">&#8309; Corresponds to the Gross Financial
Debt subtracted from Available Funds (<I>disponibilidades</I>)<FONT STYLE="letter-spacing: -0.1pt">.</FONT></P>


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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 0 0; text-align: justify">&#8310; Corresponds to the division between
Available Funds (<I>disponibilidades</I>) and current liabilities (<I>passivo circulante</I>).</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 6pt 0; text-align: justify">&#8311; Corresponds to the division between
net debt and stockholders' equity (<I>patrim&ocirc;nio l&iacute;quido</I>).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Current Liquidity
Index</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">On December 31, 2023, there was a decrease
in Eletrobras' current liquidity index from 1.88 to 1.76, due to the reduction in the balance of current assets from BRL&nbsp;49,623,127&nbsp;thousand
on December 31, 2022, to BRL&nbsp;47,897,131&nbsp;thousand on December 31, 2023. The variation is identified mainly in availability and
assets held for sale.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Gross Debt and Adjusted
Gross Debt</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Gross Debt increased by BRL&nbsp;1,673,768&nbsp;thousand
or 2.83%, from BRL&nbsp;59,106,522&nbsp;thousand on December 31, 2022, to BRL&nbsp;60,780,290&nbsp;thousand on December 31, 2023. This
increase was due to Eletronorte raising funds in the amount of BRL&nbsp;820,000 thousand, with the aim of settling more onerous liabilities
and reinforcing cash, with a payment term of 5 years, being the amount of BRL&nbsp;140,000 thousand by means of a bank credit and BRL&nbsp;680,000
thousand through an export credit note.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Available Funds (disponibilidades)</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Available funds fell by BRL&nbsp;4,669,557&nbsp;thousand
or 19.2%, from BRL&nbsp;24,343,863&nbsp;thousand on December 31, 2022, to BRL&nbsp;19,674,306&nbsp;thousand on December 31, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Net Debt</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Regarding the evolution of Net Debt, it
was noticed an increase of BRL&nbsp;7,000,839&nbsp;thousand in the fiscal year ended December 31, 2023, from BRL&nbsp;34,762,659&nbsp;thousand
on December 31, 2022, to BRL&nbsp;41,763,498&nbsp;thousand on December 31, 2023. This variation took place mainly to long-term payable
loans and financing, which increased by BRL&nbsp;2,132,309&nbsp;thousand, from BRL&nbsp;51,581,752&nbsp;thousand on December 31, 2022,
to BRL&nbsp;49,449,443&nbsp;thousand on December 31, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Immediate liquidity</I></B></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Immediate Liquidity indicator fell by
0.2 percentage points, from 0.92 on December 31, 2022 to 0.72 on December 31, 2023. This variation was due to mainly to the reduction
in availability.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Net Gearing (alavancagem
l&iacute;quida)</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Net Gearing indicator increased by 5.82
percentage points, from 31.31% on December 31, 2022 to 37.13% on December 31, 2023. This increase is mainly due to the impact of the change
in net debt, as explained above.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;capital
structure</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The indicator measured by the ratio of third-party
liabilities to total liabilities was 57.92% on December 31, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The ratio of total financing from equity
sources to financing from third-party capital sources in the year ended December 31, 2023 was 72.66%.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The table below shows the evolution of these
indicators in the year ending December 31, 2023.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="5" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.2pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Equity vs. Third Party Capital</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 45%; font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">BRL thousands, except percentages</FONT></TD>
    <TD STYLE="width: 18%; font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; padding-left: 2.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="width: 12%; font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.2pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>AV<FONT STYLE="letter-spacing: -0.5pt">%</FONT></B></FONT></TD>
    <TD STYLE="width: 12%; font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.2pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>12/31/2022</B></FONT></TD>
    <TD STYLE="width: 13%; font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.2pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>AV<FONT STYLE="letter-spacing: -0.5pt">%</FONT></B></FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD COLSPAN="5" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Third Party Capital</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Current Liabilities</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.1pt 2pt 2.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">27,159,791</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.05pt 2pt 0.2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">10.17%</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.05pt 2pt 0.2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">26,440,876</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.05pt 2pt 0.2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">9.78%</FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Non-current Liabilities</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.15pt 2pt 2.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">127,433,219</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.05pt 2pt 0.2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">47.72%</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.1pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">132,747,950</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.1pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">49.13%</FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total <FONT STYLE="letter-spacing: -0.25pt">Liabilities</FONT></B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; padding-left: 2.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>154,593,010</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.1pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>57.89%</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.1pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>159,188,826</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.1pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>58.91%</B></FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD COLSPAN="5" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Equity</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Net Equity</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.15pt 2pt 2.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">112,464,644</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.05pt 2pt 0.2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">42.11%</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.1pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">111,028,636</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.1pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">41.09%</FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total Equity</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; padding-left: 2.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>112,464,644</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.1pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>42.11%</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.2pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>111,028,636</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.2pt 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>41.09%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total (Own capital + Third party capital)</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.15pt 2pt 2.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">267,057,654</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>100.00%</B></FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">270,217,462</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding: 2pt 0.15pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>100.00%</B></FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Equity/Third Party Capital</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">72.75%</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">69.75%</FONT></TD>
    <TD STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; padding-top: 2pt; padding-bottom: 2pt; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company's directors believe that its
current capital structure is adequate for the continuity of operations.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In addition, the directors believe that
the Company has a sufficient cash position to continue developing its operations in the coming years.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;capacity
to pay in relation to the assumed financial liabilities </I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Based on the information described below,
which includes the Company's indebtedness profile, with the respective amortization schedule and its cash and cash equivalents, read
in conjunction with the liquidity ratios described in &quot;Evaluation of Indicators&quot; in item&nbsp;2.1&nbsp;(a) and considering
the Company's ability to access funds from loans and financing in the financial and capital markets, the Company's management believes
that, on the date of submission of this Section 2 of the Reference Form, the Company is fully able to meet its financial commitments.
On December 31, 2023, the Company was in compliance with its financial covenants.</P>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The following table shows the amortization
flow for the payment of loans, financing, bonds and debentures, which totaled BRL&nbsp;60,780,291&nbsp;thousand on December 31, 2023:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="background-color: #BFBFBF">
    <TD COLSPAN="4" STYLE="padding: 2pt 0.2pt 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><BR STYLE="clear: both">
<B>Loans, Financing, Bonds and Debentures</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="4" STYLE="padding: 2pt 0.2pt 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><I>Amortization Flow</I></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD COLSPAN="4" STYLE="padding: 2pt 0.2pt 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>12/31/2023</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 46%; padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B><I>(in thousands of BRL)</I></B></FONT></TD>
    <TD STYLE="width: 23%; padding: 2pt 0.2pt 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 17%; padding: 2pt 0.2pt 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Balance</B></FONT></TD>
    <TD STYLE="width: 14%; padding: 2pt 0.2pt 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>AV<FONT STYLE="letter-spacing: -0.5pt">%</FONT></B></FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD COLSPAN="4" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Short Term</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt 0.05pt 2pt 0.2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2024</FONT></TD>
    <TD STYLE="padding: 2pt 0.05pt 2pt 0.2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">11,330,845</FONT></TD>
    <TD STYLE="padding: 2pt 0.05pt 2pt 0.2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">18.64%</FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD COLSPAN="4" STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Long term</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2025</FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">7,996,447</FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">13.16%</FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt 0.2pt 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2026</FONT></TD>
    <TD STYLE="padding: 2pt 0.2pt 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">7,742,228</FONT></TD>
    <TD STYLE="padding: 2pt 0.2pt 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">12.74%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding: 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2027</FONT></TD>
    <TD STYLE="padding: 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6,834,676</FONT></TD>
    <TD STYLE="padding: 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">11.24%</FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5,682,482</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">9.35%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">After 2028</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">21,193,611</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">34.87%</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">60.780.291</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>100.00%</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">With regard to the Company's liquidity ratios,
see the table in the Evaluation of Indicators subsection, under &quot;a&quot; above.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;sources
of financing for working capital and investments in non-current assets used</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company's capital needs are financed
through funds from its operations and through financing with third-party resources, such as capital market operations, such as debentures,
incentivized debentures, commercial notes, in addition to bilateral financing operations with national and international financial institutions,
as well as through any liability management operations. The company also has statutory authorization to raise funds by increasing its
authorized capital (<I>capital autorizado</I>).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Further details of the Company's outstanding
financing lines can be found in item&nbsp;2.1&nbsp;(f) of this Reference Form.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>e.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;sources
of financing for working capital and investments in non-current assets that it intends to use to cover liquidity shortfalls</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">If the need to raise funds to invest in
non-current assets and working capital is identified, Eletrobras could look at a
range of alternatives as a means of achieving the necessary amounts.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">To this end, the following could be considered
feasible: (i)&nbsp;financing with financial institutions, (ii)&nbsp;access to the capital market with the intent to finance itself via
the issuance of securities, whether on the local or international market, (iii)&nbsp;or even, if credit is available, consider obtaining
resources in models similar to those used in the past, with multilateral agencies, and (iv)&nbsp;in addition to carrying out operations
with financial institutions in the &quot;<I>A/B Loan</I>&quot; modality.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">In
any case, it should be noted that the terms and conditions of the financing, loans or securities that potentially could be issued, they
must be compatible with the respective project construction schedule; just as the cost must be appropriate to the project's cash flow,
taking into account the project's payment characteristics.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">From
time to time, Eletrobras considers new potential investment opportunities and may finance these investments with funds generated by its
own operation; fundraising from third parties, such as loans, financing and issuance of debt securities; capital increase; or other sources
of funding that may be available at the time in question.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>f.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="letter-spacing: -0.1pt">levels
of indebtedness and the characteristics of such debts:</FONT></I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>i. <FONT STYLE="letter-spacing: -0.1pt">relevant
loan and financing contracts</FONT></I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><FONT STYLE="letter-spacing: -0.1pt"><B>Financing
taken out by the Company:</B></FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the fiscal year ended on December 31,
2023, Eletrobras made use of (i)&nbsp;local loans and financing from private and public financial institutions; and (ii)&nbsp;the issuance
of securities (debentures and commercial notes) in the local market.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In summary, the Company's relevant contracts
in force on December 31, 2023, are as follows:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bonds
issued in 2020 (maturing in 2025 and 2030);</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debentures
and Commercial Notes issued by the Company and/or its subsidiaries;</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debts
arising from BNDES line contracts, either directly with the bank (direct contracts), or indirectly via onlending (<I>repasse</I>) from
other financial institutions (Onlending Contracts); and</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Debts
with Petr&oacute;leo Brasileiro S.A. (&quot;<U>Petrobras</U>&quot;) and Vibra Energia S.A. (&quot;<U>Vibra Energia</U>&quot;), contracted
as a result of the privatization of electricity distributors controlled by the Company prior to its privatization.</P>




<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Together, these contracts represent 81.45%
of the gross debt raised by the Company on December 31, 2023. On December 31, 2023, the Eletrobras Companies were parties to liability
contracts, including loans, financing, bonds and debentures, which totaled BRL&nbsp;60,780,291&nbsp;thousand, of which BRL&nbsp;11,330,845&nbsp;thousand
represented short-term obligations and BRL&nbsp;49,449,445&nbsp;thousand corresponded to long-term obligations.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The directors believe that over the last
few years the company has gradually adjusted its debt profile, including through liability management operations, making it not only compatible
with its commitments and cash generation, but also in line with more efficient and competitive management.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Firstly, a more detailed list of the main
financial contracts in force, specifically for the Company, on the base date of December 31, 2023, is provided below:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>KfW</B>: A loan of &euro;&nbsp;13.3&nbsp;million
with <I>Kreditanstalt f&uuml;r Wiederaufbau</I> (&quot;<U>KfW</U>&quot;), guaranteed by the Brazilian Federal Government (<I>Uni&atilde;o</I>),
with resources originated from negotiations on protocols for financing renewable energy projects, which took place in 2000 and 2001 and
resulted in the signing of the Agreement on Financial Cooperation between the governments of Germany and Brazil on November 27, 2003.
The contract for the first tranche was signed on December 12, 2008. The term of the loan is 30 years and the interest rate is 2% per year.
Interest payments for the loan are made semiannually, in June and December. The payment of principal only began in December 2018.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">On November 1, 2012, the second tranche
of the financing agreement signed with KfW was signed, in the amount of &euro;&nbsp;45.9&nbsp;million, guaranteed by the Federal Government,
with a 5-year grace period and a total term of 30 years. On December 31, 2023, the weighted average interest rate on this loan was 2.50%
per year. Interest payments for the loan are made semiannually, in June and December. The payment of principal only began in December
2017. The funds were allocated, via a transfer from Eletrobras, to the S&atilde;o Bernardo Complex Project, belonging to the subsidiary
Eletrobras CGT Eletrosul, which aims to implement four Small Hydroelectric Centers (<I>Pequenas Centrais El&eacute;tricas</I>) (&quot;<U>PCHs</U>&quot;)
in the state of Santa Catarina. The outstanding balance of the two KFW financing with Eletrobras Holding, on December 31, 2023, was BRL&nbsp;204,552&nbsp;thousand.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Notes &ndash; Bonds (issued in 2020)</B>:
on February 4, 2020, Eletrobras concluded the process of issuing bonds on the international market (&quot;<U>2020 Bond</U>&quot;), in
two tranches maturing in 2025 and 2030, in the amounts of US$&nbsp;500&nbsp;million and US$&nbsp;750&nbsp;million, respectively. The tranches
relating to this issue have semi-annual interest coupons, with rates of 3.625% and 4.625% per year respectively, and are amortized in
bullets on the respective maturity dates. The funds raised were used for the partial repurchase (tender offer) of the bonds issued in
dollars in 2011, maturing in October 2021. The outstanding balance (effectively due) for this bond on December 31, 2023, was BRL&nbsp;6,246,018&nbsp;thousand.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In addition, there is CGT Eletrosul's contract
with Caixa Econ&ocirc;mica Federal for the transfer of KfW funds, whose outstanding balance on 31 December 2023 was R$214,618 thousand.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Private Debt Assumption Instruments -
Petrobras and Vibra Energia</B>: as decided at the Company's 170<SUP>th</SUP> Shareholders&rsquo; Extraordinary Meeting, as part of the
process of selling the distributors, Eletrobras assumed the debts of these companies with Petrobras and Vibra Energia S.A. through the
following instruments: (i)&nbsp;Private Instrument of Debt Assumption and Other Covenants entered into between Petrobras and Eletrobras,
with the intervention of Amazonas Distribuidora de Energia S.A. (&quot;<U>Amazonas D</U>&quot;) on April 30, 2018 in the amount of BRL&nbsp;4,019,086,325.95;
(ii)&nbsp;Private Instrument of Debt Assumption and Other Covenants entered into between Petrobras and Eletrobras, with the intervention
of Amazonas D on April 30, 2018 in the amount of R$4,028,000,043.80; (iii)&nbsp;Private Instrument of Debt Assumption and Other Covenants,
entered into between Petrobras and Eletrobras, with the intervention of Companhia de Eletricidade do Acre - Eletroacre (&quot;<U>Eletroacre</U>&quot;),
on April 30, 2018 in the amount of BRL&nbsp;224,873,052.72; (iv)&nbsp;Private Instrument of Assumption of Debt and Other Covenants entered
into between Petrobras and Eletrobras, with the intervention of Boa Vista Energia S.A. (&quot;<U>Boa Vista</U>&quot;) on April 30, 2018
in the amount of BRL&nbsp;140,565,427.69; (v)&nbsp;Private Instrument of Assumption of Debt and Other Covenants entered into between Petrobras
and Eletrobras, with the intervention of Centrais El&eacute;tricas de Rond&ocirc;nia S.A., on April 30, 2018 in the amount of BRL&nbsp;1,255,767,551.42;
(vi)&nbsp;Private Instrument of Debt Assumption and Other Covenants, entered into between Vibra Energia and Eletrobras, with the intervention
of Eletroacre on April 30, 2018, in the amount of BRL&nbsp;80,135,033.53; and (vii)&nbsp;Private Instrument of Assumption of Debt and
Other Covenants, entered into between Vibra Energia and Eletrobras, with the intervention of Boa Vista on April 30, 2018 in the amount
of BRL&nbsp;21,979,555.51 (collectively, &quot;<U>Private Instruments of Assumption of Debt</U>&quot;).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The total amount of these debts on December
31, 2023, was: (i)&nbsp;BRL&nbsp;2,468,361&nbsp;thousand for the instruments originally signed with Petrobras; and (ii)&nbsp;BRL&nbsp;24,036&nbsp;thousand
for the instruments originally signed with Vibra Energia.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Debentures of the Company's 2<SUP>nd</SUP>
Issuance</B>: on April 25, 2019, the Company issued five million of simple debentures, not convertible into shares, of the unsecured type,
in four series, in the principal amount of BRL&nbsp;5.0&nbsp;billion, by signing the &quot;Private Instrument of the Deed of the 2<SUP>nd</SUP>
Issuance of Simple Debentures, Not Convertible into Shares, of the Unsecured Type, in four Series, for Public Distribution with Restricted
Efforts, of Centrais El&eacute;tricas Brasileiras S.A. - Eletrobras&quot; on April 25, 2019 (&quot;<U>Deed of Second Issuance of Debentures</U>&quot;).
The amount issued, remuneration and amortization of each series were:</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="width: 19%; padding-top: 2pt; padding-right: 3.35pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Series</B></FONT></TD>
    <TD STYLE="width: 25%; padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Amount (in BRL billion)</B></FONT></TD>
    <TD STYLE="width: 23%; padding-top: 2pt; padding-bottom: 2pt; padding-left: 6.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Interest rate</B></FONT></TD>
    <TD STYLE="width: 33%; padding-top: 2pt; padding-bottom: 2pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Due Date</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-right: 3.35pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.25pt"><B>1<SUP>st</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1.1</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 6.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CDI + <FONT STYLE="letter-spacing: -0.2pt">0.7%</FONT></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3 years <FONT STYLE="letter-spacing: -0.1pt">(<I>bullet</I>)</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #F1F1F1">
    <TD STYLE="padding-top: 2pt; padding-right: 3.35pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.25pt"><B>2<SUP>nd</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">2.2</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 6.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CDI + <FONT STYLE="letter-spacing: -0.2pt">1.0%</FONT></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5 years <FONT STYLE="letter-spacing: -0.1pt">(<I>bullet</I>)</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-right: 3.35pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.25pt"><B>3<SUP>rd</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1.0</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 6.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CDI + <FONT STYLE="letter-spacing: -0.2pt">1.2%</FONT></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">7 years <FONT STYLE="letter-spacing: -0.1pt">(<I>bullet</I>)</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #F1F1F1">
    <TD STYLE="padding-top: 2pt; padding-right: 3.35pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.25pt"><B>4<SUP>th</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">0.7</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 6.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">IPCA+5.1814%</FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 2.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Annual in 8<SUP>th</SUP>, 9<SUP>th</SUP> and 10<SUP>th</SUP> year</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The amounts collected were used to: (i)&nbsp;pay
off the bond that matured in July 2019; (ii)&nbsp;repay BRL&nbsp;1.0&nbsp;billion of the debt with Petrobras; and (iii)&nbsp;reimburse
investments made in Angra 3 and the Belo Monte plant. The outstanding balance of this liability on December 31, 2023 is BRL&nbsp;4,160,978&nbsp;thousand.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Debentures of the Company's 3<SUP>rd</SUP>
Issue</B>: on April 15, 2021, the Company issued two million seven hundred thousand (2,700,000) of simple debentures, not convertible
into shares, of the unsecured type, in two series, in the principal amount of BRL&nbsp;2.7&nbsp;billion, by signing the &quot;Private
Deed Instrument of the 3<SUP>rd</SUP> Issuance of Simple Debentures, Not Convertible into Shares, of the Unsecured Type, in Two Series,
for Public Distribution with Restricted Efforts, of Centrais El&eacute;tricas Brasileiras S. A.&quot; on April 14, 2021 (&quot;<U>Deed
of the Third Debenture Issuance</U>&quot;). The amount issued, remuneration and amortization of each series were.</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="width: 18%; padding-top: 2pt; padding-right: 3.35pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Series</B></FONT></TD>
    <TD STYLE="width: 26%; padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Amount (in BRL <FONT STYLE="letter-spacing: -0.1pt">billion)</FONT></B></FONT></TD>
    <TD STYLE="width: 25%; padding-top: 2pt; padding-bottom: 2pt; padding-left: 6.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Interest rate</B></FONT></TD>
    <TD STYLE="width: 31%; padding-top: 2pt; padding-bottom: 2pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Due date</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-right: 3.35pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.25pt"><B>1<SUP>st</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1.2</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 6.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CDI + <FONT STYLE="letter-spacing: -0.2pt">1.8%</FONT></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5 years <FONT STYLE="letter-spacing: -0.1pt">(<I>bullet</I>)</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #F1F1F1">
    <TD STYLE="padding-top: 2pt; padding-right: 3.35pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.25pt"><B>2<SUP>nd</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1.5</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 6.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">IPCA + <FONT STYLE="letter-spacing: -0.1pt">4.9126%</FONT></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">10 years <FONT STYLE="letter-spacing: -0.1pt">(<I>bullet</I>)</FONT></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The funds from the operation were used for
the Company's cash needs throughout 2021, including the repayment of the remaining portion of the 2021 bond, as well as for the reimbursement
of investments made in Angra 3. The outstanding balance of this liability on December 31, 2023 is BRL&nbsp;3,019,231&nbsp;thousand.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Debentures of the Company's 4<SUP>th</SUP>
Issue</B>: on September 15, 2023, the Company issued seven million simple debentures, not convertible into shares, of the unsecured type,
in two series, in the principal amount of BRL&nbsp;7&nbsp;billion, by signing the &quot;Private Deed Instrument of the 4<SUP>th</SUP>
Issuance of Simple Debentures, Not Convertible into Shares, of the Unsecured Type, in Two Series, for Public Distribution with Restricted
Efforts, of Centrais El&eacute;tricas Brasileiras S. A.&quot; on August 25, 2023 (&quot;<U>Deed of the Fourth Debenture Issuance</U>&quot;).
The amount issued, remuneration and amortization of each series were:</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="width: 18%; padding-top: 2pt; padding-right: 3.35pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Series</B></FONT></TD>
    <TD STYLE="width: 31%; padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Amount (in BRL&nbsp;<FONT STYLE="letter-spacing: -0.1pt">billion)</FONT></B></FONT></TD>
    <TD STYLE="width: 23%; padding-top: 2pt; padding-bottom: 2pt; padding-left: 6.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Interest rate</B></FONT></TD>
    <TD STYLE="width: 28%; padding-top: 2pt; padding-bottom: 2pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Due date</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 3.35pt 2pt 5.5pt; text-align: center; text-indent: -5.5pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.25pt"><B>1<SUP>st</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">4.0</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 6.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">IPCA + <FONT STYLE="letter-spacing: -0.1pt">6.3170%</FONT></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">8 years <FONT STYLE="letter-spacing: -0.1pt">(<I>bullet</I>)</FONT></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #F1F1F1">
    <TD STYLE="padding-top: 2pt; padding-right: 3.35pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.25pt"><B>2<SUP>nd</SUP></B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">3.0</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 6.3pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CDI + 1.55<FONT STYLE="letter-spacing: -0.1pt">%</FONT></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 2.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5 years <FONT STYLE="letter-spacing: -0.1pt">(<I>bullet</I>)</FONT></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 6pt 0; text-align: justify">The funds from the operation were
used for the Company's cash needs throughout 2023, including the settlement of the Company's 1<SUP>st</SUP> Commercial Note Issue. The
outstanding balance of this liability on December 31, 2023 is BRL&nbsp;6,992,591&nbsp;thousand.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 6pt 0; text-align: justify">In addition to the main terms and
conditions of the Company's contracts highlighted above, other information concerning these contracts is briefly presented, particularly
with regard to the structure of guarantees:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 6pt 0; text-align: justify"><B>No need for guarantees</B>: The
bonds issued abroad, the debentures and the debt assumption instruments originally signed with Petrobras have no guarantees, and, as of
December 31, 2023, have a total outstanding balance of BRL&nbsp;22,887,180&nbsp;thousand.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 6pt 0; text-align: justify"><B>With guarantees</B>: in turn, the
financing with KfW borrowed by Eletrobras Holding is guaranteed by the Federal Government and, on December 31, 2023, had a total outstanding
balance of BRL&nbsp;204,552&nbsp;thousand.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 6pt 0; text-align: justify">Having shown the main characteristics
of Eletrobras' contracts (entered into at the Company level), the main points of note concerning the contracts of Eletrobras' subsidiaries
are summarized.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 6pt 0; text-align: justify">Having shown the main characteristics
of Eletrobras' contracts (entered into at the Company level), the main points of note concerning the contracts of Eletrobras' subsidiaries
are summarized.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 6pt 0; text-align: justify"><B>BNDES Direct Lines and on-lending
from other financial institutions</B>: the BNDES line contracts finance various corporate projects of the Eletrobras Companies (originally
signed by Eletrobras Furnas, Eletrobras CGT Eletrosul and Eletrobras Chesf), such as the hydroelectric plants of &ldquo;Batalha&rdquo;,
&ldquo;Simpl&iacute;cio&rdquo; and &ldquo;Baguari&rdquo;, as well as other expansion and maintenance projects. In addition, there is a
relevant presence in the financing structure of SPE Santo Ant&ocirc;nio Energia (SAESA) and Teles Pires which after Eletrobras Furnas
and Eletrobras Eletronorte took control respectively also became part of the Eletrobras group's consolidated indebtedness after the takeover.
It is therefore a very important creditor within the universe of Eletrobras&rsquo; subsidiaries. The overall financing costs range from
TJLP to TJLP + 3.00% p.a. and IPCA + 5.38% to IPCA + 6.56% per year., with repayment terms up to 2040. On December 31, 2023, the outstanding
balance of the contracts was BRL&nbsp;8,656,237&nbsp;thousand. In addition, including contracts arising from on-lending financing lines,
which are also signed with other financial institutions that on-lend BNDES funds, there was an outstanding balance of BRL&nbsp;5,973,062&nbsp;thousand.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 6pt 0; text-align: justify"></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 6pt 0; text-align: justify"></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Banco do Brasil</B>: In addition to its
significant participation in the BNDES lines as a onlending agent, as shown in the previous table, this institution deserves special mention
for its relevance as a creditor to the Eletrobras group also through credits granted directly to the subsidiaries Eletrobras Furnas, Eletrobras
CGT Eletrosul and Eletrobras Eletronorte. In this case, even without considering the balances previously indicated from funds transferred
from BNDES, the outstanding balance on December 31, 2023 from loans granted by this institution totals BRL&nbsp;3,333,167&nbsp;thousand.
These loans mature between 2023 and 2029 and their cost is linked to the CDI + 1.65% to 2.25% per year. In addition, if amounts corresponding
to onlending credits from the BNDES via Banco do Brasil are included, the outstanding balance on December 31, 2023 amounts to BRL&nbsp;5,398,989&nbsp;thousand.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Debentures and Commercial Notes</B>:
In recent years, Eletrobras' subsidiaries have accessed the local bond market. It worth mentioning that Eletrobras Furnas, Eletrobras
Eletronorte, Eletrobras CGT Eletrosul, Eletrobras Chesf and the SPEs Santo Ant&ocirc;nio Energia and Teles Pires have debentures in their
portfolio of debt contracts, both in the institutional format and in the incentivized format, with a maximum maturity of up to 2038, with
a cost linked to the CDI or IPCA, ranging from CDI + 1.78% to 2.17% per year and 117.6% CDI and IPCA (+ 3.75% to 7.49% per year) and a
total balance on December 31, 2023 of BRL&nbsp;12 901,814&nbsp;thousand.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">After summarizing the main groups of contracts/creditors
of the Eletrobras Companies, we note as additional information that the financing taken out is divided into contracts with guarantees
and without guarantees. When guaranteed, the types of guarantees used are (i)&nbsp;corporate guarantee (<I>fidejuss&oacute;rio</I>), generally
from the Company; or (ii)&nbsp;real guarantee (in particular, fiduciary assignment of credit rights, pledge of receivables or pledge of
shares, in the latter case applicable to debts arising from projects set up as SPEs which are consolidated in the group's results, especially
SPE SAESA).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In addition, it is important to note that
some of the contracts have financial covenants, particularly debenture emission, most of which are associated with the maintenance of
debt ratios measured on the basis of the ratio between Net Debt and Earnings Before Interest, Taxes, Depreciation and Amortization (&quot;<U>EBITDA</U>&quot;)
or Adjusted EBITDA<FONT STYLE="letter-spacing: -0.1pt">.</FONT></P>


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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The following table shows the composition
of the debt of Eletrobras and its subsidiaries, as of December 31, 2023, consolidated by segment and currency:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; background-color: white; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%">&nbsp;</TD>
    <TD STYLE="width: 18%; border-top: Black 1pt solid; border-right: white 6pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Minimum</FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: white 6pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Maximum</FONT></TD>
    <TD STYLE="width: 20%; border-top: Black 1pt solid; border-right: white 6pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">12/31/2023</FONT></TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">12/31/2023</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Local currency</FONT></TD>
    <TD STYLE="border-right: white 6pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%">&nbsp;</TD>
    <TD STYLE="border-right: white 6pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%">&nbsp;</TD>
    <TD STYLE="border-right: white 6pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Capital Market&sup1;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">3.58%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">16.24%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">14,172,801</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">27,074,612</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Development banks&sup2;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">2.49%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">11.55%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">11,188,645</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">16,735,742</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Market Baking&sup3;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">2.94%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">17.02%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">-</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">5,103,955</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Sectoral funds&#8308;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">5.00%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">5.00%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">1,319,921</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">1,319,921</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Other institutions&#8309;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">5.42%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">14.82%</FONT></TD>
    <TD STYLE="border-right: white 6pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">3,005,360</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">3,646,220</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="border-right: white 6pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">29,686,727</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">53,880,450</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Foreign currency</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Capital Market&sup1;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">3.63%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">4.63%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">6,246,018</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">6,246,018</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Development banks&sup2;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">2.00%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">4.02%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">204,552</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">419,170</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Market Baking&sup3;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">6.60%</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">6.60%</FONT></TD>
    <TD STYLE="border-right: white 6pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">-</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">234,652</FONT></TD></TR>

  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%">&nbsp;</TD>
    <TD STYLE="width: 18%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="width: 13%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: white 6pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">6,450,570</FONT></TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">6,899,840</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">36,137,297</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">60,780,290</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Interests</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">1,035,105</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">1,640,901</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 8.8pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Principal</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="border-right: white 6pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">6,747,317</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">9,689.946</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Current</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="border-right: white 6pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">7,782,422</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">11,330,847</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">Non-current</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">28,354,875</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">49,449,443</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">36,137,297</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">60,780,290</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">&sup1; Refers to bonds, debentures and commercial notes.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">&sup2; Refers to operations with BASA, FNO, BNDES, BNB and FINEP</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">&sup3; Refers to loans and financing from financial institutions</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%">&#8308; Refers to the Global Reversal Reserve (RGR)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="5" STYLE="padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="text-align: center; font: 7pt Arial, Helvetica, Sans-Serif; margin-top: 1.35pt; margin-bottom: 0"></P>



<P STYLE="font: 7pt Arial, Helvetica, Sans-Serif; margin: 1.35pt 0 0">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The following graph shows the amortization
schedule for consolidated debt, in BRL billion.</P>

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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 13.2pt 0 0; text-align: center"><IMG SRC="ebr202403256k_012.jpg" ALT="">*</P>

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<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Guarantees provided
by Eletrobras.</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Eletrobras Companies were successful
in several ANEEL&rsquo;s auctions held in previous years and, therefore, are responsible for the execution of projects in the areas of
generation and transmission, individually or in partnerships in the SPEs of which they are part.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Therefore, in order to compose the financing
structure for these projects, financing operations were negotiated in which Eletrobras provided a relevant corporate guarantee, but always
limited to the proportion of the subsidiaries' interest in the project capital in situations where they refer to projects executed by
SPEs. The total exposure in guarantees is partially comprised of guarantees provided to associates and enterprises in the form of SPEs
in which the Company or its subsidiaries have equity participation.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">On December 31, 2023, these guarantees totaled
BRL&nbsp;25,756,842&nbsp;thousand, as shown in the chart below:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD COLSPAN="4" STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Non-Controlled Companies</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="width: 9%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Guarantor</B></FONT></TD>
    <TD STYLE="width: 29%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Enterprise</B></FONT></TD>
    <TD STYLE="width: 43%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Outstanding
    Balance Guaranteed on 12/31/2023 <BR>
(BRL thousand)</B></FONT></TD>
    <TD STYLE="width: 19%; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Guarantee Term </B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Belo Monte &ndash; North Energy</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">13,978,841</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2042</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Jirau - ESBR</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,151,036</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2034</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Angra III (b)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,141,268</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2036</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Angra III (b)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,795,369</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2038</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Jirau - ESBR</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">871,999</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2035</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Sinop</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">563,615</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2038</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Empresa de Energia S&atilde;o Manoel</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">533,477</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2038</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Amazonas Energia (a)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">257,153</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2026</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Furnas</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Empresa de Energia S&atilde;o Manoel</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">101,757</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2033</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Angra I (b)</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">79,146</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2027</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Chesf</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Sinop</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">75,640</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2032</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletronorte</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Sinop</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">75,640</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2032</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Chapada do Piau&iacute; II</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">65,148</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2032</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Chapada do Piau&iacute; I</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">64,736</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2032</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Caldas Novas Transmission</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,017</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: white">
    <TD STYLE="width: 39%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Guarantees for non-controlled companies</B></FONT></TD>
    <TD STYLE="width: 42%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>25,756,842</B></FONT></TD>
    <TD STYLE="width: 19%; border-top: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Private
instrument arising from lawsuits whose origin is prior to the privatization and &ldquo;deverticalization&rdquo; of Amazonas Energia, with
a view to settling previous debts to which Eletrobras is a party given its status as guarantor.</P>

<P STYLE="font: 10pt/115% Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Law
No. 14.182 of July 12, 2021, established that Eletrobras and its subsidiaries remain obligated to maintain the guarantees offered to third
parties under contracts entered into prior to the privatization. As a result of this provision, the guarantees offered by Eletrobras on
Eletronuclear operations are maintained in their entirety, even after completion of the capitalization process and the consequent change
in Eletronuclear's control. This situation applies to the debt contracts entered into by Eletronuclear in which, under the current guaranteed
structure, Eletrobras appears directly as the guarantor and/or obligated to provide full shareholder support in the event of default by
the borrower.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The guarantees provided specifically for
the subsidiaries' loans are presented separately, since their balances are already recorded under financing and loans payable.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The amount guaranteed in this case is BRL&nbsp;17,945,866&nbsp;thousand,
as of December 31, 2023, and is presented in the table below:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD COLSPAN="4" STYLE="padding-top: 1pt; padding-right: 0.9pt; padding-bottom: 1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>SUBSIDIARIES</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="width: 10%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 0.9pt; padding-bottom: 1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Guarantor</B></FONT></TD>
    <TD STYLE="width: 38%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 0.9pt; padding-bottom: 1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Enterprise</B></FONT></TD>
    <TD STYLE="width: 33%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 0.9pt; padding-bottom: 1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Outstanding
    Balance Guaranteed on 12/31/2023 <BR>
(BRL thousand)</B></FONT></TD>
    <TD STYLE="width: 19%; border-bottom: Black 1pt solid; padding-top: 1pt; padding-right: 9.05pt; padding-bottom: 1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Guarantee term</B></FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Santo Ant&ocirc;nio</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5,512,526</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2038</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Teles Pires</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,604,112</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2036</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Issuance of Debentures - Furnas</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,017,764</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2029</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Issuance of Commercial Paper - Furnas</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,045,090</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Issuance of Commercial Paper - Furnas</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,044,830</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2027</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Working Capital Structure Strengthening 4</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">729,858</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Belo Monte Transmissora de Energia</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">603,127</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2029</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Working Capital Structure Strengthening 5</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">583,638</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Issuance of Comercial Paper - Furnas</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">522,545</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2027</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Issuance of Comercial Paper - Furnas</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">522,415</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2026</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Issuance of Comercial Paper - Furnas</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">521,651</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2025</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Teles Pires</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">439,398</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2032</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Santo Ant&ocirc;nio</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">433,894</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2030</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Issuance of Debenture - BNDES agreements discharged</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">333,638</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Santo Ant&ocirc;nio</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">292,212</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2024</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Issuance of Debentures - CGT Eletrosul</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">259,621</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Issuance of Debentures - CGT Eletrosul</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">228,803</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2025</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Livramento Wind Farm - Entorno II</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">205,078</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Simpl&iacute;cio</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">203,838</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2026</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 10%; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="width: 38%; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Miscellaneous - AmGT</FONT></TD>
    <TD STYLE="width: 33%; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">194,647</FONT></TD>
    <TD STYLE="width: 19%; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Chesf Corporate Projects</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">162,324</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2029</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Issuance of Debentures - Furnas</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">152,396</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2024</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Working Capital Structure Strengthening 3</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">140,724</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Linha Verde Transmissora</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">133,144</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2033</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Casa Nova II e III Wind Power Station</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">129,139</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2031</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Transmission Corporate Project</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">115,202</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2031</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Sul Brasileira de Energia Transmitter</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">114,545</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Investiment Plan 2012 - 2014</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">113,230</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2029</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Corporate Projects</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">112,830</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2034</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Mau&aacute;</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">111,586</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Delmiro Gouveia Transmitter</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">92,914</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2032</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE S&atilde;o Domingos</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">77,536</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2028</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Passo de S&atilde;o Jo&atilde;o</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">43,560</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2026</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Delmiro Gouveia Transmitter</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">43,518</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2031</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Batalha</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">39,715</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2025</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Chesf Corporate Project</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">35,740</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2029</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Baguari</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">11,381</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2026</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">RS Energia</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">11,505</FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2027</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">RS Energia</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">6,194</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2027</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD COLSPAN="2" STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Guarantees Subsidiaries</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>17,945,866</B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Loans guaranteed by
the Federal Government (Uni&atilde;o Federal)</I></B></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As previously mentioned, under the terms
of law No.&nbsp;14.182, of 07/12/2021, which provided for the Company's privatization, the guarantees provided by the Federal Government
on debts of Eletrobras or its subsidiaries prior to the privatization process will be maintained.<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In
this case, the following chart shows the contracts in the Eletrobras group on the base date of December 31, 2023, with a collateral provided
by the Federal Government:<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
<TR STYLE="background-color: #BFBFBF"><TD STYLE="width: 15%; padding: 1pt 5.95pt 1pt 0.7pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Company</B></FONT></TD>
    <TD STYLE="width: 26%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 29.25pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Guarantee/Loan Type</B></FONT></TD>
    <TD STYLE="width: 39%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.7pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Outstanding Balance (Total R$/thousand)</B></FONT></TD>
    <TD STYLE="width: 20%; padding-top: 1pt; padding-bottom: 1pt; padding-left: 8.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Guarantee Balance</B></FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="padding: 1pt 5.95pt 1pt 0.7pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Eletrobras</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-right: 10.95pt; padding-bottom: 1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">KfW 13 <FONT STYLE="letter-spacing: -0.25pt">MM</FONT></FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.7pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">52.072</FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 8.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">100.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 5.95pt 1pt 0.7pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Eletrobras</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 10.95pt 1pt 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">KfW 45 <FONT STYLE="letter-spacing: -0.25pt">MM</FONT></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding: 1pt 0.15pt 1pt 2.7pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">152.480</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 8.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">100.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 19.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>TOTAL</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.7pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>204.552</B></FONT></TD>
    <TD STYLE="padding-top: 1pt; padding-bottom: 1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other
long-term relations with financial institutions</I></B></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">On December 31, 2023, Eletrobras did not
have other relevant long-term relationships with financial institutions under the aspect of financial liabilities other than those already
indicated in this item 2.1, paragraph (f), item (i).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Degree
of subordination among debts</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As of December 31, 2023, the Company's loans,
financing and securities, local or international were composed of secured and unsecured debts, with no contractual subordination clause.
Thus, in an eventual universal competition of creditors, the subordination between the obligations recorded in the Company's financial
statements will be in the following order, in accordance with Law No.&nbsp;11,101 of February 9, 2005, as amended (&quot;<U>Law No.&nbsp;11,101</U>&quot;):
(i)&nbsp;labor claims; (ii)&nbsp;claims secured by <I>in rem</I> guarantees up to the limit of the value of the secured asset; (iii)&nbsp;tax
credits; (iv)&nbsp;unsecured credits; (v)&nbsp;fines and pecuniary penalties; (vi)&nbsp;subordinated credits; and (vii)&nbsp;interest
accrued after the bankruptcy decree.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As of December 31, 2023, of the Company's
outstanding loans, financing, bonds and debentures (current and non-current), 29.6% are secured by collateral.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #BFBFBF">
    <TD COLSPAN="8" STYLE="padding: 2pt 2.9pt 2pt 3.45pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000101; letter-spacing: -0.1pt"><B>Fiscal year 12/31/2022 &ndash; in R$ thousand</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 16%; background-color: #D9D9D9; padding-top: 2pt; padding-bottom: 2pt; padding-left: 21.3pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000101"><B>Obligation Type</B></FONT></TD>
    <TD STYLE="width: 17%; background-color: #D9D9D9; padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000101"><B>Guarantee Type</B></FONT></TD>
    <TD STYLE="width: 11%; background-color: #D9D9D9">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 2pt 0.1pt 2pt 0.65pt; text-align: center; color: #000101"><B>Less than</B></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 2pt 0.1pt 2pt 0.65pt; text-align: center; color: #000101"><B>a year</B></P></TD>
    <TD STYLE="width: 20%; background-color: #D9D9D9; padding-top: 2pt; padding-right: 0.8pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000101"><B>One to three years</B></FONT></TD>
    <TD STYLE="width: 16%; background-color: #D9D9D9; padding: 2pt 3.3pt 2pt 0.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000101"><B>Three to five years</B></FONT></TD>
    <TD STYLE="width: 10%; background-color: #D9D9D9; padding-top: 2pt; padding-bottom: 2pt; padding-left: 13pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000101; letter-spacing: -0.1pt"><B>More than five years</B></FONT></TD>
    <TD STYLE="width: 9%; background-color: #D9D9D9; padding: 2pt 2.9pt 2pt 3.45pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000101; letter-spacing: -0.1pt"><B>Total</B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt; width: 1%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; background-color: #F1F1F1; padding-top: 2pt; padding-bottom: 2pt; padding-left: 23.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Debt security</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 2pt 1.4pt 2pt 0.2pt; background-color: #F1F1F1; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Real guarantee</FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 0.05pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">685.715</FONT></TD>
    <TD STYLE="padding: 2pt 0.8pt 2pt 0.1pt; background-color: #F1F1F1; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">830.726</FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 3.4pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">1.297.329</FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">3.244.166</FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 2.9pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">6.057.935</FONT></TD>
    <TD STYLE="padding-bottom: 8pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; padding-left: 23.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Financing</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 2pt 1.4pt 2pt 0.2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Real guarantee</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.05pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">1.335.898</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.8pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">2.579.610</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 3.4pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">3.695.542</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.05pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">3.980.229</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 2.9pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">11.591.278</FONT></TD>
    <TD STYLE="padding-bottom: 8pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; background-color: #F1F1F1; padding-top: 2pt; padding-bottom: 2pt; padding-left: 23.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Loan</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 2pt 1.4pt 2pt 0.2pt; background-color: #F1F1F1; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Real guarantee</FONT></TD>
    <TD STYLE="padding: 2pt 0.05pt 2pt 0.65pt; background-color: #F1F1F1; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">144.870</FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 0.8pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">77.053</FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 3.5pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">91.879</FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 0.15pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">-</FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 2.9pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">313.802</FONT></TD>
    <TD STYLE="padding-bottom: 8pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; padding-left: 23.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Financing</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 2pt 1.4pt 2pt 0.25pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Unsecured</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.05pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">1.659.342</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.8pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">1.551.220</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 3.4pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">962.649</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">1.386.087</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 2.9pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">5.559.299</FONT></TD>
    <TD STYLE="padding-bottom: 8pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; background-color: #F1F1F1; padding-top: 2pt; padding-bottom: 2pt; padding-left: 23.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Debt security</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 2pt 1.4pt 2pt 0.25pt; background-color: #F1F1F1; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Unsecured</FONT></TD>
    <TD STYLE="padding: 2pt 0.05pt 2pt 0.65pt; background-color: #F1F1F1; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">2.849.286</FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 0.8pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">7.474.774</FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 3.4pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">8.430.200</FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">8.369.680</FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 2.9pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">27.123.941</FONT></TD>
    <TD STYLE="padding-bottom: 8pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 2pt; padding-bottom: 2pt; padding-left: 23.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Loan</FONT></TD>
    <TD STYLE="vertical-align: top; padding: 2pt 1.4pt 2pt 0.25pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Unsecured</FONT></TD>
    <TD STYLE="padding: 2pt 0.05pt 2pt 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">4.655.734</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.8pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">3.225.291</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 3.4pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">2.156.988</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">96.022</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 2.9pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">10.134.035</FONT></TD>
    <TD STYLE="padding-bottom: 8pt">&nbsp;</TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #000101; letter-spacing: -0.1pt"><B>Total</B></FONT></TD>
    <TD STYLE="padding: 2pt 0.05pt 2pt 0.65pt; background-color: #F1F1F1; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>11.330.845</B></FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 0.8pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>15.738.675</B></FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 3.4pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>16.634.587</B></FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 0.05pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>17.076.184</B></FONT></TD>
    <TD STYLE="background-color: #F1F1F1; padding-top: 2pt; padding-right: 2.9pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black"><B>60.780.290</B></FONT></TD>
    <TD STYLE="padding-bottom: 8pt">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>iii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Contractual
restrictions</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Relevant contracts
- Eletrobras as debtor</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Relevant contractual restrictions in force
under the Company's contracts are presented below at a more detailed level:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Loan and Program Agreements - Kreditanstalt
f&uuml;r Wiederaufbau:</B> The Loan and Program Agreement 2012 (KfW) provides that a change in the legal status, change in control or
change in the business objectives of the debtor is an event of default, provided that such change, in the reasonable judgment of KfW,
could be materially detrimental to KfW's interests. Furthermore, the contract provides that the Company shall not encumber or sell the
financed assets by KfW before the discharge of the debt, without the prior consent of the creditor.</P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Private Instruments of Assumption of
Debt - Petrobras</B>: The obligations arising from the Private Instruments of Assumption of Debt can be declared due in advance, in the
following cases, among others:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;succession
of the debtor, or any type of corporate reorganization leading to a change in the debtor's share control, without the prior consent of
the creditors, except when resulting from a privatization process as a result of a law enacted by the Executive Branch, provided that
such law does not affect the liquidity of any guarantees offered in the Private Instruments of Assumption of Debt or any other document;
and</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;failure
by the debtor (1) to maintain the ratio obtained by dividing net debt by Adjusted EBITDA below 3.75x times as of fiscal year 2020.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Item (ii) does not apply to Vibra Energia's
contracts.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Debentures of the Company&rsquo;s 2<SUP>nd</SUP>
Issuance: </B>The obligations arising from the Indenture of 2<SUP>nd</SUP> Issuance of Debentures may be declared due in advance in the
following cases, among others:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;change
in direct or indirect shareholding control of relevant subsidiaries of the Company (as detailed in the indenture (<I>escritura</I>); (b)&nbsp;occurrence
of corporate reorganizations involving the Company and/or the relevant subsidiaries of the Company (as detailed in the indenture); (c)&nbsp;disposal
of goods and assets, including equity interests, by the Company and/or the relevant subsidiaries, with individual or aggregate value detailed
in the Indenture and subject to certain exceptions; (d)&nbsp;redemption, repurchase, amortization or bonus of shares, payment of dividends,
including prepaid dividends, income in the form of interest on own capital or the making of any other payments by the Company, to its
shareholders, on any account, should the Company be in default with any of its obligations set forth in the indenture, except, however,
for the payment of the minimum mandatory dividend provided for in the Company's bylaws and the portion of the net income allocated to
the Special Retained Dividend Reserve provided for in 3<SUP>rd</SUP>, 4<SUP>th</SUP> and 5<SUP>th</SUP> paragraphs of article 202 of the
Brazilian Corporate Law. In addition, if a Change of Risk Event (as defined in the indenture) occurs as a result of a change of control,
the Company will be obligated to make an offer to acquire the debentures for an amount equal to the unit par value of the debentures or
adjusted unit par value of the debentures, as applicable, plus applicable interest payable through the acquisition date (all as defined
in the indenture); and</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;failure,
by the Company, during the term of the 2<SUP>nd</SUP> issuance of the Company's debentures, to maintain the index obtained by dividing
the Net Debt by the Adjusted EBITDA of less than 3.75x from the 2020 fiscal year.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Debentures of the Company's 3<SUP>rd</SUP>
Issuance: </B>The obligations under the Indenture of the Third Issuance of Debentures of the Company may be declared due in advance in
the following cases, among others:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;change
in the direct or indirect shareholding control of our relevant subsidiaries (as detailed in the indenture); (b)&nbsp;occurrence of corporate
restructurings involving us and/or our relevant subsidiaries (as detailed in the indenture); (c)&nbsp;disposal of goods and assets, including
equity interests, by us and/or our relevant subsidiaries, with individual or aggregate value detailed in the indenture and subject to
certain exceptions; (d)&nbsp;redemption, repurchase, amortization or bonus of shares, payment of dividends, including dividends in advance,
income in the form of interest on equity or any other payments made by our shareholders, in any capacity, in case we are in default with
any of its obligations established in the indenture, except, however, the payment of the mandatory minimum dividend provided for in our
bylaws and the portion of the net income allocated to the Special Reserve of Retained Dividends provided for in the 3<SUP>rd</SUP>, 4<SUP>th</SUP>
and 5<SUP>th</SUP> paragraphs of article 202 of the Brazilian Corporate Law. In addition, in the event of a Risk Change Event (as defined
in the indenture) as a result of a change in control, we will be obliged to make an offer to acquire the debentures for an amount equivalent
to the unit face value of the debentures or updated unit face value of the debentures, as applicable, plus applicable interest due up
to the date of acquisition (all as defined in the indenture); and</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;failure,
by the Company, during the term of the 3<SUP>rd</SUP> issuance of debentures of the Company, to maintain the index obtained by dividing
the Net Debt by the Adjusted EBITDA of less than 3.75x at the end of each fiscal year, the first calculation being based on the fiscal
year ended December 31, 2021.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B>Debentures of the Company's 4<SUP>th</SUP>
Issuance: </B>The obligations under the Indenture of the Fourth Issuance of Debentures of the Company may be declared due in advance in
the following cases, among others:</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;change
in the direct or indirect shareholding control of our relevant subsidiaries (as detailed in the indenture); (b)&nbsp;occurrence of corporate
restructurings involving us and/or our relevant subsidiaries (as detailed in the indenture); (c)&nbsp;disposal of goods and assets, including
equity interests, by us and/or our relevant subsidiaries, with individual or aggregate value detailed in the indenture and subject to
certain exceptions; (d)&nbsp;redemption, repurchase, amortization or bonus of shares, payment of dividends, including dividends in advance,
income in the form of interest on equity or any other payments made by our shareholders, in any capacity, in case we are in default with
any of its obligations established in the indenture, except, however, the payment of the mandatory minimum dividend provided for in our
bylaws and the portion of the net income allocated to the Special Reserve of Retained Dividends provided for in the 3<SUP>rd</SUP>, 4<SUP>th</SUP>
and 5<SUP>th</SUP> paragraphs of article 202 of the Brazilian Corporate Law. In addition, in the event of a Risk Change Event (as defined
in the indenture) as a result of a change in control, we will be obliged to make an offer to acquire the debentures for an amount equivalent
to the unit face value of the debentures or updated unit face value of the debentures, as applicable, plus applicable interest due up
to the date of acquisition (all as defined in the indenture); and</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;failure,
by the Company, during the term of the 4<SUP>th</SUP> issuance of debentures of the Company, to maintain the index obtained by dividing
the Net Debt by the Adjusted EBITDA of less than 3.75x at the end of each fiscal year, the first calculation being based on the fiscal
year ended December 31, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><FONT STYLE="letter-spacing: -0.1pt"><B><I>Other
contracts - Eletrobras as debtor</I></B></FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The other loans and financing contracts
carried out by the Company were entered into in accordance with the practices adopted in the market for these types of transactions. The
obligations assumed (covenants) are those usually contained in contracts with companies subject to the same type of credit risk at the
time of contracting.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Therefore, in general terms, Eletrobras
is also subject to the clauses usually practiced in the market, among which are the following: requirements for changing corporate control
or corporate restructuring, compliance with the necessary licenses and authorizations, limitations to the significant sale of assets and
other events of default usually contained in contractual instruments of this nature.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><FONT STYLE="letter-spacing: -0.1pt"><B><I>Eletrobras
as guarantor </I></B></FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As previously mentioned, in order to mainly
compose the project financing structure over time, financing operations have been negotiated by subsidiaries and/or SPEs in which one
of the Eletrobras Companies has an equity participation.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In these cases, it can be observed that Eletrobras
has provided corporate guarantees for a significant portion of these contracts, however, it is important to mention that these guarantees
are always limited to the proportion of the subsidiaries' interest in the project capital in situations where they refer to projects carried
out by SPEs.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In this context, Eletrobras, as the guarantor,
as well as the companies benefiting from the guaranteed transactions, have the obligation to comply with the restrictive conditions/covenants
provided for in their instruments in order to avoid the risk of contractual default, which could potentially generate relevant financial
impacts to the beneficiary/taker company, as well as to Eletrobras itself as guarantor of the transactions, in order to honor a situation
of early maturity of the undertakings. Therefore, it is clear that the following contractual obligations must be met by the Company within
the scope of the financial instruments in which it is a guarantor: (i)&nbsp;the ratio between Net Debt and the Company's EBITDA must be
equal to or less than 4.0x, according to the Deed of the 1<SUP>st</SUP> Issuance of Debentures of SPE Teles Pires, and less than 3.75x,
according to the deeds of the 1<SUP>st</SUP> and 2<SUP>nd</SUP> Issuance of Debentures of Eletrobras Eletronorte, the 1<SUP>st</SUP> Issuance
of Debentures of Eletrobras Furnas and the Export Credit Note signed with Banco do Brasil by Eletrobras Eletronorte; and (ii)&nbsp;restrictions
on the sale of goods and assets, including shareholdings, imposed on the Company by the Deed of the 1<SUP>st</SUP> Issuance of Debentures
of Eletrobras Furnas and the 2<SUP>nd</SUP> and 4<SUP>th</SUP> Eletrobras Eletronorte Debenture Issuance.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">It is emphasized that the risk regarding
non-compliance with these obligations is diligently monitored by the Eletrobras Companies in order to, if necessary, take timely countermeasures
to mitigate potential events of default and early maturity.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Thus, within the context of compliance with
financial covenants by projects that have guarantees from Eletrobras and/or its subsidiaries, it can be observed that with regard to the
year 2022 closing calculation, the SPEs Chapadas do Piau&iacute; I and II, did not reach the minimum level of the debt service coverage
index (&quot;<U>ICSD</U>&quot;) higher than 1.2x, foreseen in their financing contracts as of December 31, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In these cases, it should first be noted
that these companies are not part of the Group's consolidated results due to Eletrobras' shareholding, not representative of control.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company provides fiduciary guarantees
under bank guarantee contracts linked to the debts (BNDES and Debentures, in the latter case applicable only to SPE Chapada do Piau&iacute;
I) of these two companies. These guarantees provided by the Company total on December 31, 2023, in proportion to the Eletrobras' respective
share participation in Chapada do Piau&iacute; I and II, amounts to BRL&nbsp;64.736&nbsp;million and BRL&nbsp;65.148&nbsp;thousand.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Finally, it is noted that, as occurred in
previous ICSD non-compliances by these companies, the SPEs have made the necessary efforts regarding the due formalization of waivers
by their creditors resulting from non-compliance with this financial indicator.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Except as described above, as of the date
of this report and December 31, 2023, all obligations under contracts entered into by the SPEs and/or Eletrobras subsidiaries in which
Eletrobras is the guarantor are being met.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In addition, it is pointed out that, among
the financial contracts described in item (i) above, the instruments entered into with the BNDES (direct line and on-lending line), the
domestic (debentures and commercial notes) and foreign (2025 and 2030 bonds) capital market securities, as well as the private debt assumption
instruments (Petrobras and Vibra Energia) are subject to cross-default or cross acceleration, totaling 81.45% of the Company's total consolidated
debt.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>g.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;limits
of financing granted and percentage already used</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As of December 31, 2023, of the resources
resulting from the loans and financing granted by Eletrobras Chesf with BNB, in 2018 and 2020, 55.5% of the total amount financed is still
available for withdrawal.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="white-space: nowrap; width: 1%; border-right: white 2.25pt solid; padding-top: 5pt; padding-bottom: 5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #262626"><B>Company</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 25%; border-right: white 2.25pt solid; padding-top: 5pt; padding-bottom: 5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #262626"><B>Creditor</B></FONT></TD>
    <TD STYLE="width: 74%; padding-top: 5pt; padding-bottom: 5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #262626"><B>Balance to be disbursed (BRL thousand)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-top: 5pt; padding-bottom: 5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #262626">Eletrobras Chesf</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #262626">BNB</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: top; padding-top: 5pt; padding-bottom: 5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #262626"> 140,476</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>h.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;significant
changes in items of the income statement and cash flow statement</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><U>INCOME STATEMENTS</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>Fiscal year ended on
December 31, 2023, compared to fiscal year ended on December 31, 2022:</B></P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Central El&eacute;tricas Brasileiras S.A. &ndash; Eletrobras</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Consolidated Statements of Income (in thousands of reais)</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="width: 53%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 11%; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #262626"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="width: 8%; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #262626"><B>AV</B></FONT></TD>
    <TD STYLE="width: 11%; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #262626"><B>12/31/2022</B></FONT></TD>
    <TD STYLE="width: 8%; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #262626"><B>AV%</B></FONT></TD>
    <TD STYLE="width: 9%; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #262626"><B>HA%</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>NET OPERATING INCOME</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>37,158,908</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>100.00</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>34,074,233</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>100,00</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>9,05</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Operating Costs</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">(18,673,499)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-50.25</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">(15,857,610)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-46.54</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">17.76</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>GROSS BALANCE</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>18,485,409</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>49.75</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>18,216,623</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>53.46</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>1.48</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Operating Expenses</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">(7,947,919)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-21.39</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">(13,417,697)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-39.38</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-40.77</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Regulatory Remeasurements - Transmission Contracts</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">(12,144)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-0.03</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">365.178</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">1.07</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-103.33</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>OPERATING RESULT BEFORE THE FINANCIAL RESULTS</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>10,525,346</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>28.33</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>5,164,104</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>15.16</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>103.82</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Financial Result</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>(12,002,121)</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>-32.30</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>(4,373,595)</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>-12.84</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>174.42</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>INCOME BEFORE EQUITY INTERESTS</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>(1,476,775)</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>-3.97</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>790,509</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>2.32</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>-286.81</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Results of Equity Interests</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">2,062,090</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">5.55</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">2,369,777</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">6.95</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-12.98</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other Income and Expenses</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">1,143,062</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">3.08</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">186,924</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">0.55</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">511.51</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>OPERATING INCOME BEFORE TAXES</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>1,728,377</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>4.65</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>3,347,210</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>9.82</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>-48.36</B></FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Current income tax and social contribution</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">(512,503)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-1.38</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">(1,630,034)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-4.78</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-68.56</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Deferred income tax and social contribution</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">3.511.001</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">9.45</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">934.421</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">2.74</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">275.74</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>NET INCOME FROM CONTINUING TRANSACTIONS</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>4,726,875</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>12.72</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>2,651,597</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>7.78</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>78.27</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Portion Assigned to Controlling Shareholders</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">4,881,788</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">13.14</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">2.648.592</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">7.77</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Portion Assigned to Non-Controlling Shareholders</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">(154,913)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-0.42</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">3.005</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">0.01</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>NET INCOME AFTER TAXES FROM DISCONTINUED TRANSACTION</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>(332,014)</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>-0.89</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>986,785</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>2.90</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-133.65</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Portion Assigned to Controlling Shareholders</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">(332,014)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-0.89</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">986.785</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">2.90</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Portion Assigned to Non-Controlling Shareholders</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">0</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">0</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.5pt">0</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">0</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">0</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>NET INCOME FOR THE YEAR</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>4.394.861</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>11.83</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>3,638,382</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>10.68</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>20.79</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Portion Attributed to Controlling Shareholders</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">4,549,774</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">12.24</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">3,635,377</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">10,67</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Portion Attributed to Non-Controlling Shareholders</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">(154,913)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-0.42</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">3,005</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">0.01</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">-</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Net Operating Income</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The net operating income for the fiscal
year ended as of December 31, 2023, increased by BRL&nbsp;3,084,675&nbsp;thousand, or 9.05%, from BRL&nbsp;34,074,233&nbsp;thousand in
the fiscal year ended as of December 31, 2022, to BRL&nbsp;37,158,908&nbsp;thousand in the fiscal year ended as of December 31, 2023.
This variation occurred in generation, mainly due to the increase of BRL 2,925 million in revenue of Supply, due to the full accounting
of SAESA's revenue in the twelve months of 2023, while in 2022 revenue was recorded for 6 months, representing an increase of BRL 1.8
billion, a total of 272 million consolidated by Eletronorte as of 4Q23 and Baguari and Retiro Baixo. In addition, there was an increase
in the energy available for the ACL as a result of the gradual decotization process of the plants (20% per year), resulting in an approximate
gain of BRL 830 million in the Supply item, of which BRL 490 million at Chesf and BRL 340 million at Furnas. An increase of BRL 521 million
in revenue from the Short-Term Market (CCEE), as a result of the greater supply of energy traded in the MCP 2023. In transmission, mainly
due to Operation and Maintenance Revenue, which increased by 15% due to the to the readjustment of the contract's RAP according to Homologatory
Resolution 3216/2023, effective from July/2023. This increase was also influenced by the construction revenue for the periods, which is
directly related to the investments made (appropriated and allocated) in transmission projects in progress. In 2023, the increase was
in the order of R$1.5 billion compared to the previous year, with emphasis on renewed contracts: 062/2001 by Furnas (+BRL 770 million);
058/2001 at Eletronorte (+BRL 499 million); and 061/2001 at Chesf (+BRL 374 million).</P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Operating Costs</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Operating costs for the fiscal year ending
December 31, 2023, increased by BRL&nbsp;2,815,889 thousand, or 17.8%, from BRL&nbsp;15,857,610 thousand in the fiscal year ending December
31, 2022, to BRL 18,673,499 thousand in the fiscal year ending December 31, 2023. Depreciation and amortization costs increased by BRL&nbsp;906,915
thousand or 36.6%, from an amount of BRL&nbsp;2,480,692 thousand in the fiscal year ended December 31, 2022, to BRL&nbsp;3,387,607 thousand
in the fiscal year ended December 31, 2023 due to two main reasons: consolidation of SAESA as of July 2022 and amortization of the new
contracts that occurred as a result of the privatization as of June 2022.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Operational Expenses
</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Operational expenses for the fiscal year
ended on December 31, 2023, decreased by BRL&nbsp;5,469,778 thousand, or 40.8%, from BRL 13,417,697 thousand in the fiscal year ended on
December 31, 2022 to BRL&nbsp;7,947,919 thousand in the fiscal year ended on December 31, 2023. Such reduction is related to Amazonas
Energia (BRL&nbsp;4,596,971 thousand on December 31, 2022), with the complete provision of its credits booked on December 31, 2022. For
the purposes of the fiscal year ended on December 31, 2023, the receivables from Amazonas Energia shall remain provisioned. The Company
is monitoring the economic, financial and operation situation of the distributor, taking into account the information provided by such
company to the relevant authority. The results plan (<I>plano de resultados</I>) provides that its operational balance will only occur
by the year of 2025.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Regulatory Remuneration</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Regulatory remuneration for the year ending
December 31, 2023, resulted in a negative variation of BRL&nbsp;377,322&nbsp;thousand, or 103.3%, compared to the credit of BRL&nbsp;365,178&nbsp;thousand
for the year ending December 31, 2022, totaling an expense of BRL&nbsp;12,144&nbsp;thousand for the year ending December 31, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Financial Results</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The net financial result went from a net
expense of BRL&nbsp;4,373,595 thousand in the fiscal year ended as of December 31, 2022, to a net expense of BRL&nbsp;12,002,121&nbsp;thousand
in the fiscal year ended as of December 31, 2023, generating an increase of BRL&nbsp;7.628.526 thousand, or 174.4%. This variation occurred
mainly as a result of the registration of debts on loans, financing and debentures, the costs of obligations with the CDE and revitalization
of river basins and monetary restatement of lawsuits disputing the difference in the credits (2nd phase) of the compulsory loan, and which
are impacted by changes in the Selic rate. In addition, due to the full accounting of SAESA's financial results for the twelve months
of 2023, while in 2022 it was recorded for 6 months.</P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Results of Equity
Interests</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The result of equity interests in investments
accounted for using the equity method decreased by BRL&nbsp;307,687 thousand, or 12.9%, to BRL&nbsp;2,062,065&nbsp;thousand in the fiscal
year ended December 31, 2023, compared to the amount of BRL&nbsp;2,369,777 thousand in the fiscal year ended December 31, 2022. This reduction
occurred mainly due to the results of all minority stakes held by Eletrobras and, among these variations, the following stand out positively
CTEEP with BRL 1,032 million and SPE Serra do Fac&atilde;o with BRL 113 million. Negative variations include the SPE Norte Energia with
BRL 427 million and the Eletronuclear, with BRL 27 million, impacted mainly by the scheduled shutdown of the Angra I and II plants at
the end of 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Other Income and Expenses</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Other income and expenses increased by BRL
956,138 thousand or 511.5%, from BRL&nbsp;186,924&nbsp;thousand in the fiscal year ended December 31, 2022, to an amount of BRL&nbsp;1,143,062
thousand in the fiscal year ended December 31, 2023. Such variation was mainly due to the exchange (<I>permuta</I>) between Eletronorte
and Neoenergia which was finalized in 2023, resulting in the transfer of the SPE Energ&eacute;tica &Aacute;guas da Pedra. This transaction
with Neoenergia resulted in a gain of BRL&nbsp;779,785&nbsp;thousand, with the transfer. In addition, in the 2023 financial year, Furnas
recognized a gain on the variation of the investment participation in the acquisitions of shares in &ldquo;Baguari Energia&rdquo;, &ldquo;Retiro
Baixo&rdquo;, &ldquo;Tri&acirc;ngulo Mineiro&rdquo; and &ldquo;Vale do S&atilde;o Bartolomeu&rdquo; in the amount of BRL&nbsp;290,201&nbsp;thousand.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Income Tax and Social
Contribution</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The provision for IR and CSLL, considering
deferred and current tax, went from an expense of BRL&nbsp;695,613 thousand in the fiscal year ended December 31, 2022, to an revenue
of BRL&nbsp;2,998,498 thousand in the fiscal year ended December 31, 2023, generating an increase of BRL&nbsp;3,694,111 thousand, or 531.1%.
This variation occurred mainly due to MESA recognition as compensation for tax losses and negative bases on future profits, the additional
amount of BRL 2,454,135 thousand of deferred tax assets, totaling a recognition in deferred assets of this indirect subsidiary in the
total amount of BRL 4,521,514 thousand. In addition, Eletrobras has not proposed a prospect of future taxable income and, therefore, the
deferred tax credits of tax losses and negative basis of social contribution not recorded in the financial statements amount to BRL&nbsp;3,714,444
thousand as of December 31, 2023 (BRL&nbsp;2,714,529 as of December 31, 2022).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Net Income for the
Year</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Eletrobras presented, in the result for
2023, a net profit for the year of BRL&nbsp;4,394,861&nbsp;thousand, compared to the net profit of BRL 3,638,382 thousand recorded in
the fiscal year ended as of December 31, 2022, that is, a positive variation of BRL&nbsp;756,479&nbsp;thousand or 20.8%, as explained
in the previous items.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><U>CASH FLOW STATEMENTS</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><U>Fiscal year ended
as of December 31, 2023, compared to fiscal year ended as of December 31, 2022:</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="white-space: nowrap; width: 60%; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 20%; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="width: 20%; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>12/31/2022</B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Profit for the year before income tax and social contribution</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>1,396,363 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>4,333,995 </B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; padding-left: 0.15in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjustments to reconcile profit with cash generated by operations:</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">985,901</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,879,305)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; text-indent: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(Additions)/decreases in operating assets</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(343,917)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">191,767 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; text-indent: 10pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Increases/(decreases) in operating liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,564,893)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">338,464 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; text-indent: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Payment of financial charges</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(5,173,424)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(3,211,343)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; text-indent: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Receipt of annual permitted revenue - RAP</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">18,287,910 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">14,623,582 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; text-indent: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Settlement of disputes</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(2,672,962)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(4,222,504)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; text-indent: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Payment of income tax and social contribution</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(2,930,778)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(2,607,461)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; text-indent: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">258,758 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(2,767,375)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Net cash provided by operating activities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>8,242,958 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>4,799,820 </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; padding-left: 0.15in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Receipts from the issue of shares</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">- </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">30,648,282 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; padding-left: 0.15in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Loans and financing obtained and debentures obtained</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">11,821,045 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">8,500,000 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; padding-left: 0.15in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Payment of loans and financing and debentures - principal</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(13,269,436)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(6,734,696)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; padding-left: 0.15in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Payment of shareholder compensation</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(864,192)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,490,058)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; padding-left: 0.15in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Share buy-back</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,967,218)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">- </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; padding-left: 0.15in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Payment of CDE obligations and revitalization of basins - main</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,455,824)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">- </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; padding-left: 0.15in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,019,506)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(851,142)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Net cash provided by (used in) financing activities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>(6,755,131)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>30,072,386 </B></FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; text-indent: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Receipt of loans and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,060,818 </FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,358,352 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; text-indent: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Acquisition of fixed assets</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(3,862,770)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,585,639)</FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; text-indent: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Acquisition of intangible assets</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(258,371)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(32,038,772)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; text-indent: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Net financial investments (TVM)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">7,209,710</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4,475,913 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; text-indent: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Transmission infrastructure - contractual asset</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(3,269,358)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,652,992)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt; text-indent: 20pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(60,611)</FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4,117,399 </FONT></TD></TR>
  <TR STYLE="background-color: White">
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Net cash provided by (used in) investing activities</B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>819,418 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; padding-top: 2pt; padding-bottom: 2pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>(24,325,739)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>&nbsp;</B>&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Originated from the
Operational Activities </I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the year ended December 31, 2023, cash
flows from operating activities increased by BRL&nbsp;3,443,138 thousand, from BRL 4,799,820 thousand in the year ended December 31, 2022,
to BRL&nbsp;8,242,958 thousand in the year ended December 31, 2023. This variation was mainly due to the receipt of RAP in 2023, in the
amount of BRL 18,287,910 thousand, BRL&nbsp;3,664,328 thousand higher than the amount received in 2022 of BRL&nbsp;14,623,582&nbsp;thousand.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Originated (applied)
from the Investment Activities</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the fiscal year ended December 31, 2023,
our cash flows generated by investing activities had a variation of BRL 25,563,411 thousand, going from a negative balance of BRL 24,325,739
thousand in the fiscal year ended as of December 31, 2022, to a positive balance of BRL 819,418 thousand in the fiscal year ended as of
December 31, 2023. This variation was due to the payment, in 2022, of the grant bonus in the amount of BRL&nbsp;26,622,905 thousand as
a result of the signing of the new concession contracts and the payment of the principal of the obligation assumed
with the CDE in the amount of BRL&nbsp;5,251,610 thousand.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Originated (applied)
from Financing Activities</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the fiscal year ended as of December
31, 2023, our cash flows from financing activities decreased by BRL 36,827,517 thousand, from cash consumed of BRL 30,072,386 thousand
in the fiscal year ended December 31, 2022, to negative cash of BRL 6,755,131 thousand in the fiscal year ended as of December 31, 2023.
This variation was due to the public offering of shares in 2022, which added a net amount of BRL 30,648,282 thousand to the Company's
cash. In addition, in the year of 2023, the Company paid the principal of the obligations under Law 14.182/21 in the amount of BRL 1,455,825
thousand and repurchased shares in the amount of BRL 1,967,218 thousand.</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>2.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management
should comment:</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;result
of the Company&rsquo;s operations, in particular:</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;description
of any important components of revenue</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Operating Revenues
with Electric Power Operations</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Eletrobras' revenues derive from the generation
and transmission of electricity.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B><U>Generation</U>: </B>Revenues from
the generation activity derive from the sale of electricity generated by Eletrobras to distribution companies and free consumers, and
from the operation and maintenance of the plants whose concessions were renewed in accordance with Law 12,783/13. These revenues are based
on the amounts agreed in the contracts, noting the revenues resulting from settlement in the short-term market. For generation concessions
renewed under the terms of Law 12,783/13, operation takes place under a physical guaranteed quota allocation regime and there is a fixed
revenue, called Annual Generation Revenue (&quot;<U>RAG</U>&quot;). The RAGs are adjusted annually and were reviewed in 2023. The physical
guaranteed quotas under the contracts signed under Law No.&nbsp;12,783/13 have been reduced by 20% each year since January 2023, due to
a rule introduced by Law No.&nbsp;14,182/2021, which dealt with the capitalization of Eletrobras and the signing of new concession contracts
under the independent production regime. Some power plants also receive ancillary services, as regulated by ANEEL Normative Resolution
No.&nbsp;1,030/2022, which can be remunerated by ancillary services tariff (TSA) or annual revenue, as the case may be.</P>


<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B><U>Transmission</U></B>: Revenues from
the transmission activity derive from the construction and operation of transmission line infrastructure by Eletrobras, as well as from
the operation and maintenance of these lines for transporting electricity and are known as RAP, approved by ANEEL for each tariff cycle.
The RAP is obtained from the revenues received from sectorial agents that use Eletrobras' transmission facilities. The price charged
to sectorial agents that connect to the transmission networks in this activity is regulated and known as the tariff for use of the transmission
system (&quot;<U>TUST</U>&quot;). Eletrobras, as an electricity transmitter, cannot negotiate prices with users. For some contracts,
the RAP is fixed and monetarily updated by a price index once a year. For the other contracts, the RAP is monetarily updated by a price
index once a year and revised every five years. Generally, the RAP of any electric energy transmission company is subject to annual review
due to the increase in assets and operating expenses resulting from modifications, reinforcements and expansions of facilities. For transmission
concessions renewed under Law No.&nbsp;12,783/13, the exploration and operation and maintenance methods must be disclosed separately.</P>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Other Operating Revenues</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Operating income from other activities not
attributable to the generation or transmission segments, are recorded by Eletrobras in the &quot;Management&quot; segment. These mainly
include fees for the administration of the RGR, related to financing contracts still managed by Eletrobras and that were not transferred
to the CCEE, pursuant to Law No.&nbsp;13,360 of November 17, 2016, as amended (&quot;<U>Law No.&nbsp;13,360/16</U>&quot;), due to the
contracts having occurred prior to the effectiveness of the law. Eletrobras also earns operating revenues from telecommunications companies
that use certain parts of its infrastructure to set up telecommunications lines. Eletrobras' revenues may also derive from the provision
of engineering services related to third-party generation and transmission works or energy efficiency.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Financial Revenues</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Reflects revenues from the remuneration
Eletrobras receives from investments in financial instruments, as well as interest, commissions and fees obtained as a result of the loans
it grants pursuant to the provisions of Brazilian law that allow Eletrobras to act as lender to certain public service companies controlled
by Eletrobras. They also reflect revenues from the moratorium on electric power paid to Eletrobras, as well as the impact of monetary
restatements and other revenues of a financial nature from Eletrobras.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Monetary and exchange
revenues (expenses)</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Monetary and exchange revenues (expenses)
refer mainly to the impact of the variation of the Selic rate and transactions in foreign countries currency, especially US dollars.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">With the termination of the revenue assured
to Eletrobras under Exhibit C of the Itaipu Agreement, given its status as a shareholder of Itaipu Binacional, in June/2022, the Company
no longer has receivables in foreign currency, increasing, as a result, the exposure of the debt in US dollars, mainly related to Bonds
2025 and Bonds 2030, which amount to USD&nbsp;1.25 billion.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As a result, in April 2023, the company
celebrated derivative contracts (CDI swaps), in the total value of the Bonds, aiming to reduce the exposure to exchange rate variation,
linking to the variable interest curve in reais CDI, more in line with the Company&rsquo;s debt profile that way the net exchange variation
of the fiscal year that ended on December 31, 2023 was an expense of BRL&nbsp;169,904 thousand compared to an expense of BRL&nbsp;446,852
thousand in the fiscal year that ended on December 31, 2022, representing an decrease in expenses of BRL&nbsp;276,948 thousand or 62%.</P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Law No.&nbsp;14,182/2021 set the conditions
for obtaining new concession grants for electricity generation, establishing obligations for the subsidiaries Furnas, Eletronorte and
Chesf: (i)&nbsp;payment to CDE; and (ii)&nbsp;implementation of drainage basin revitalization programs and projects in the Legal Amazon,
affecting the financial result under the headings of Monetary Restatement affecting the financial result under the headings of Monetary
Restatement of CDE Obligations and Revitalization of Drainage Basins and Charges. In 2023, expenses were recorded for these items in the
amount of BRL&nbsp;1,716,152 thousand, compared to expenses of BRL&nbsp;220,597 thousand in 2022. In the first semester of 2023, an expense
of BRL&nbsp;1,305,994 thousand was recorded for monetary variation in CDE and Basins, compared to an expense of R$126,308 thousand in
the first semester of 2022. The variation refers mainly to the payment of the second installment to CDE, in the amount of BRL&nbsp;620,600
thousand, in accordance with CNPE Resolution No. 30, of December 21, 2021, and within the scope of the Company's privatization process.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The net monetary variation in the fiscal
year that ended on December 31, 2022, was an expense of BRL&nbsp;1,097,622 thousand compared to an expense of BRL&nbsp;3,512,065 thousand
in the fiscal year that ended on December 31, 2023, representing an increase in expenses of BRL&nbsp;2,414,443 thousand or 68.7%.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>ii. factors that materially
affected the operational results</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Net Operational Revenue for the fiscal year
that ended on December 31, 2023, in the amount of BRL&nbsp;37,158,908 thousand showed an increase of BRL&nbsp;3,084,675 thousand or 9.1%
in comparison to the fiscal year that ended on December 31, 2022, when it corresponded to the amount of BRL&nbsp;34,074,233 thousand.
This variation occurred in generation, mainly due to the increase of BRL 2,925 million in revenue of Supply, due to the full accounting
of SAESA's revenue in the twelve months of 2023, while in 2022 revenue was recorded for 6 months, representing an increase of BRL 1.8
billion, a total of 272 million consolidated by Eletronorte as of 4Q23 and Baguari and Retiro Baixo. In addition, there was an increase
in the energy available for the ACL as a result of the gradual decotization process of the plants (20% per year), resulting in an approximate
gain of BRL 830 million in the Supply item, of which BRL 490 million at Chesf and BRL 340 million at Furnas. An increase of BRL 521 million
in revenue from the Short-Term Market (CCEE), as a result of the greater supply of energy traded in the MCP 2023. In transmission, mainly
due to Operation and Maintenance Revenue, which increased by 15% due to the to the readjustment of the contract's RAP according to Homologatory
Resolution 3216/2023, effective from July/2023. This increase was also influenced by the construction revenue for the periods, which is
directly related to the investments made (appropriated and allocated) in transmission projects in progress. In 2023, the increase was
in the order of R$1.5 billion compared to the previous year, with emphasis on renewed contracts: 062/2001 by Furnas (+BRL 770 million);
058/2001 at Eletronorte (+BRL 499 million); and 061/2001 at Chesf (+BRL 374 million).</P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I><U>Brazilian Macroeconomic
and Sector Conditions</U></I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The country's Gross Domestic Product (&quot;<U>GDP</U>&quot;)
progressed in 2023 and ended the year with growth of 2.9%, according to IBGE (<I>Instituto Brasileiro de Geografia e Estat&iacute;stica</I>).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The inflation, as measured by the IPCA variation,
closed the fiscal year that ended on December 31, 2023, at 5.76%. The sectors that had the biggest impact on the variation of the IPCA
were health and personal care, with an increase of 10.74%, and education, with an increase of 8.32%. The residential electricity sector
increased by 6.17%. The inflation, as measured by the IPCA, ended 2023 at 5.76%, above the target set by the Central Bank (3.5%). The
sectors that had the biggest impact on the IPCA rate increase was food and beverages, which went up by 9.06%. The residential electricity
sector fell by 6.17% and gasoline fell by 6.83%, due to the reduction in federal taxes on fuel.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><I>Consumption of electricity</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="width: 32%; border-right: white 2.25pt solid; padding-left: 1.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525"><B>CATEGORY (in <FONT STYLE="letter-spacing: -0.2pt">GWh)</FONT></B></FONT></TD>
    <TD STYLE="width: 24%; border-right: white 2.25pt solid; padding-left: 0.25pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>12.31.2023</B></FONT></TD>
    <TD STYLE="width: 22%; border-right: white 2.25pt solid; padding-left: 31.7pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>12.31.2022</B></FONT></TD>
    <TD STYLE="width: 22%; padding-right: 1.1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.5pt"><B>%</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.05pt; padding-left: 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>BRAZIL</B></FONT></TD>
    <TD STYLE="padding-right: 0.35pt; padding-left: 0.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">531,013</FONT></TD>
    <TD STYLE="padding-right: 0.3pt; padding-left: 0.3pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">509,441</FONT></TD>
    <TD STYLE="padding-right: 0.05pt; padding-left: 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">4.2</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #F1F1F1">
    <TD STYLE="padding-right: 0.1pt; padding-left: 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>RESIDENTIAL</B></FONT></TD>
    <TD STYLE="padding-right: 0.35pt; padding-left: 0.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">164,323</FONT></TD>
    <TD STYLE="padding-right: 0.3pt; padding-left: 0.3pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">152,771</FONT></TD>
    <TD STYLE="padding-right: 0.05pt; padding-left: 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">7.6</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.05pt; padding-left: 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>INDUSTRIAL</B></FONT></TD>
    <TD STYLE="padding-right: 0.35pt; padding-left: 0.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">188,268</FONT></TD>
    <TD STYLE="padding-right: 0.3pt; padding-left: 0.3pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">184,507</FONT></TD>
    <TD STYLE="padding-right: 0.05pt; padding-left: 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">2.0</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #F1F1F1">
    <TD STYLE="padding-right: 0.05pt; padding-left: 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>COMMERCIAL</B></FONT></TD>
    <TD STYLE="padding-right: 0.25pt; padding-left: 0.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">97,716</FONT></TD>
    <TD STYLE="padding-right: 0.25pt; padding-left: 0.3pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">92,495</FONT></TD>
    <TD STYLE="padding-right: 0.05pt; padding-left: 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">5.6</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.05pt; padding-left: 0.1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>OTHER</B></FONT></TD>
    <TD STYLE="padding-right: 0.25pt; padding-left: 0.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">80,705</FONT></TD>
    <TD STYLE="padding-right: 0.25pt; padding-left: 0.3pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">79,668</FONT></TD>
    <TD STYLE="padding-right: 0.05pt; padding-left: 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt">1.3</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #F1F1F1">
    <TD COLSPAN="4" STYLE="padding-right: -4.35pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525">Source: <I>EPE &ndash; Resenha Mensal do <FONT STYLE="letter-spacing: -0.2pt">Merc</FONT>ado de Energia <FONT STYLE="letter-spacing: -0.1pt">El&eacute;trica</FONT></I></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">According to EPE, the consumption of the
electricity sector reached 47,170 GWh in December 2023, an increase of 9.1% compared to December 2022, the third consecutive consumption
record in the entire historical series, since 2004. The industrial consumption also grew in comparison with December 2022. Industrial
consumption also increased in comparison with December 2022. The year 2023 closed with accumulated electricity consumption of 531,013
GWh, an increase of 4.2% compared to 2022.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Provision of Judicial
Contingencies of Compulsory Loan</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">There is significant legal litigation involving
Eletrobras, in which the largest number of lawsuits are aimed at challenging the criteria for monetary restatement of the book credits
of the Compulsory Loan on electricity consumption, determined by the legislation that governs the Compulsory Loan and applied by the
Company, and the application of inflationary purges resulting from economic plans implemented in Brazil. On December 31, 2023, the Company
had, on a consolidated basis, approximately 3,374 provisioned lawsuits related to this issue (compared to the previous year, 3,703 lawsuits
on December 31, 2022).</P>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company intends to continue to defend
its position and understanding in ongoing and future proceedings, but recognizes that the litigation in question is fundamentally uncertain
and unpredictable, so the Company strives to ensure that the provisioning made reasonably reflects what it believes to be the likely outcome,
based on its analysis of the evolving legal landscape. However, the Company may need to change its provisions if one or more courts depart
from the favorable precedents that Eletrobras has followed in this matter, which could adversely affect its financial condition and the
operational results.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Within the scope of these lawsuits, Eletrobras
has made provisions for: (i)&nbsp;difference in principal due to monetary correction criteria, (ii)&nbsp;reflexive remunerated interest;
and (iii)&nbsp;application of moratory interest (substantially the SELIC rate, applied to the principal, correction of interest paid and
remunerative interest). Please refer to the chart below in BRL/thousand, as of December 31, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>Breakdown of the provisioned
amount - Likely</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #DDEBF7">
    <TD STYLE="width: 48%; border-top: #006FC0 1pt solid; padding-top: 1.85pt; padding-left: 3.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #001F5F; letter-spacing: -0.1pt">Principal</FONT></TD>
    <TD STYLE="width: 52%; border-top: #006FC0 1pt solid; padding-top: 1.85pt; padding-right: 48pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">4,231,929</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #001F5F; letter-spacing: -0.1pt">Correction of Interest Paid</FONT></TD>
    <TD STYLE="padding-top: 1.85pt; padding-right: 49.2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">24,475</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DDEBF7">
    <TD STYLE="padding-top: 1.75pt; padding-left: 3.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Remunerative Interest</FONT></TD>
    <TD STYLE="padding-top: 1.75pt; padding-right: 48pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">2,637,436</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.75pt; padding-left: 3.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #001F5F">Moratorium Interest</FONT></TD>
    <TD STYLE="padding-top: 1.75pt; padding-right: 49.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">9,521,203</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DDEBF7">
    <TD STYLE="border-bottom: #006FC0 1pt solid; padding-top: 2pt; padding-left: 3.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #001F5F; letter-spacing: -0.1pt">Fees</FONT></TD>
    <TD STYLE="border-bottom: #006FC0 1pt solid; padding-top: 2pt; padding-right: 48.75pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">749,52</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #006FC0 1pt solid; padding-top: 2.1pt; padding-left: 3.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #001F5F"><B>Other Demands</B></FONT></TD>
    <TD STYLE="border-bottom: #006FC0 1pt solid; padding-top: 2.1pt; padding-right: 49.35pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: black">98,872</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: #006FC0 1pt solid; padding-top: 2.1pt; padding-left: 3.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #001F5F"><B>Total <FONT STYLE="letter-spacing: -0.1pt">Provisioned</FONT></B></FONT></TD>
    <TD STYLE="border-bottom: #006FC0 1pt solid; padding-top: 2.1pt; padding-right: 49.35pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">17,263,567</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">In the fiscal year that ended December 31, 2023, a reversion was recognized,
net of constitution, in the amount of BRL&nbsp;1,937,088 thousand, for a total amount of BRL&nbsp;17,263,567 thousand, referring to the
Compulsory Loan processes.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Compulsory loan -
Court settlements</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Within the scope of the provision related to the
compulsory loan on electricity (ECE), the company has been taking steps to reduce the risks involved and enable better planning of cash
disbursements to optimize the use of the tax by celebrating agreements. Since the final quarter of 2022, when negotiations began, Eletrobras
has reduced a total of BRL&nbsp;7.9 billion through these referred Agreements, of which BRL&nbsp;7&nbsp;billion during 2023, assuming
the commitment to pay approximately BRL&nbsp;5.3&nbsp;billion, partly in cash and partly with assets (such as shares in affiliated companies),
resulting, therefore, in savings for Eletrobras of approximately BRL&nbsp;2.5 billion in relation to the risk provisioned for these lawsuits.
By December 31, 2023, Eletrobras had already paid BRL&nbsp;4.5 billion referring to all the agreements celebrated and is awaiting a court
decision to ratify the agreements and extinguish the respective lawsuits in order to pay the balance of BRL&nbsp;0.9 billion.</P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #0070C0"><B><I>Contractual Transmission
Assets</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The Company registered the right to consideration
originated for the construction of transmission projects, within the scope of the concession contracts, under the item of Contractual
Transmission Assets.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">The change in these assets in the fiscal years
ending December 31, 2023 and 2022 is described in the following chart (in BRL/thousand):</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 36%; padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="width: 14%; padding-top: 2pt; padding-right: 2.6pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; letter-spacing: -0.1pt"><U>Furnas</U></FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><SUP>&sup1;</SUP></FONT></TD>
    <TD STYLE="width: 13%; padding-top: 2pt; padding-right: 2.6pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; letter-spacing: -0.1pt"><U>Chesf</U></FONT></TD>
    <TD STYLE="width: 13%; padding-top: 2pt; padding-right: 2.6pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; letter-spacing: -0.1pt"><U>Eletronorte</U></FONT></TD>
    <TD STYLE="width: 12%; padding-top: 2pt; padding-right: 2.6pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><U>CGT <FONT STYLE="letter-spacing: -0.1pt">Eletrosul</FONT></U></FONT></TD>
    <TD STYLE="width: 12%; padding-top: 2pt; padding-right: 2.6pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; letter-spacing: -0.1pt"><U>Total</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 0.85pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">&nbsp;&nbsp;Balance in December 31, <FONT STYLE="letter-spacing: -0.2pt">2023</FONT></FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;25,172,584</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">18,457,564</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">10,889,686</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">6,692,504</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">61,212,338</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.55pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Construction Revenue</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">0</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">709,311 </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">642,678 </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">359,218 </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,960,792 </FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.55pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Financial Revenue</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2,931,600 </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;2,201,144 </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;1,271,976 </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">731,361 </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">7,136,081 </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.55pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Regulatory remeasurements - Transmission</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;&nbsp;&nbsp;- </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">184 </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-350 </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-11,978 </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-12,144</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.55pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; letter-spacing: -0.1pt"><B>Transfers</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;-&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-21,778 </FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-21,778</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.55pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; letter-spacing: -0.1pt"><B>Amortization</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-4,822,141</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-3,313,874</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-1,797,802</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-1,018,929</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">-9,902,824</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 8.55pt; font-family: Calibri, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Balance in December 31, 2022</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">24,763,617</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">&nbsp;24,763,617</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">10,773,184</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">6,654,610</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">61,052,210</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="font-size: 8pt">&sup1;</FONT><FONT STYLE="font-size: 9pt">Furnas&rsquo;
information correspond to the consolidated amount.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The company uses Eletrobras' weighted average
cost of capital (WACC) for the year in which each contract begins as the construction margin for the concession contracts, which, when
added to the construction cost, forms the construction revenue. Annually, the company compares the asset balance of each contract with
the expected flow of future RAPs, considering the discount rate of each contract.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The rates of remuneration used (Financial
Revenue), established at the start of each project, are approximately 8.08% per year on average for renewed contracts and 7.51% for bidding
contracts.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The balances of the contracts are monetarily
restated substantially by the IPCA rate, except for contracts 004/2004, 010/2005, 005/2005, 006/2005 and 034/2001, which are restated
by the IGPM rate.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In July 2023, ANEEL <I>(Ag&ecirc;ncia Nacional
de Energia El&eacute;trica</I>) published the &ldquo;Homologation Resolution&rdquo; No. 3.216, which established the RAPs for 2023-2024
cycle (in BRL/thousand):</P>

<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the third quarter, following ANEEL's
announcement, the Company calculated the present value of the portions of the RAPs relating to the construction of the transmission projects,
considering the remuneration rate of each concession contract, and compared it with the balance of the contractual asset. The difference
between the recalculated present value and the book balance of the contractual asset, when it occurred, was recorded against the Company's
results.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 47%; padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletrobras&rsquo;s Companies</FONT></TD>
    <TD STYLE="width: 53%; padding-top: 2pt; padding-right: 2.6pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><U>RAP Homologated</U></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; padding-left: 0.85pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Chesf</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">5,301,210</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CGT Eletrosul</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,826,724</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Eletronorte</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,121,348</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Furnas</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">7,325,387</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Total</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">17,547,669</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The balance on December 31, 2023 of the
contractual asset of transmission, BRL&nbsp;31,803,983 thousand corresponds to the right to the consideration originated by the non-depreciated
infrastructure of the Basic Network of the Existing System (<I>Rede B&aacute;sica do Sistema Existente</I> - RBSE), when the concessions
were renewed in 2012, under the terms of Law No.&nbsp;12,783/2013. The Company's estimated flow for receiving the RAPs relating to the
RBSE is shown in the table below (in BRL/thousand):</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.45pt; padding-right: 0.45pt; padding-left: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Cycle</FONT></TD>
    <TD STYLE="vertical-align: top; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.45pt; padding-right: 7.9pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">CGT <FONT STYLE="letter-spacing: -0.1pt">Eletrosul</FONT></FONT></TD>
    <TD STYLE="vertical-align: top; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.45pt; padding-left: 0.45pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Chesf</FONT></TD>
    <TD STYLE="vertical-align: top; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.45pt; padding-left: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Eletronorte</FONT></TD>
    <TD STYLE="vertical-align: top; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.45pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Furnas</FONT></TD>
    <TD STYLE="vertical-align: top; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="vertical-align: top; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.45pt; padding-right: 0.25pt; padding-left: 0.45pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Total</FONT></TD>
    </TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 0.45pt; padding-right: 0.65pt; padding-left: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">23-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.35pt">24</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.1pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">479,922</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.1pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">2,571,964</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.1pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1,129,435</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.1pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">4,213,298</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.1pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">8,394,619</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.55pt; padding-right: 0.65pt; padding-left: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">24-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.35pt">25</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">479,922</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">2,571,964</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1,129,435</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">4,213,298</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">8,394,619</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; padding-left: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">25-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.35pt">26</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">479,922</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">2,571,964</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1,129,435</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">4,213,298</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">8,394,619</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.55pt; padding-right: 0.65pt; padding-left: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">26-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.35pt">27</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">479,922</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">2,571,964</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1,129,435</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">4,213,298</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">8,394,619</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.15pt; padding-right: 0.65pt; padding-left: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">27-</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.35pt">28</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">479,922</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">2,571,964</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1,129,435</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">4,213,298</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">8,394,619</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 0.45pt; padding-left: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Total</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.1pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">2,399,610</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.1pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">12,859,820</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.1pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">5,647,175</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.1pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">21,066,490</FONT></TD>
    <TD COLSPAN="2" STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1.1pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">41,973,095</FONT></TD></TR>
  <TR>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 18%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In June 2022, SGT/ANEEL published the Technical
Note No. 085/2022, which reviewed the requests for reconsideration filed in connection with the payment of the financial component and
the re-profiling (<I>reperfilamento</I>) of the RBSE.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In April 2023, ANEEL issued the Technical
Note No. 085/2023, which deals with the comments on the calculations presented as part of the payment of the RBSE financial component
in Technical Note No. 085/2022-SGT/ANEEL, of June 2022.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The issuance of Technical Note 085/2023
does not constitute a decision by ANEEL and therefore has no practical effect, as it depends on the analysis by the Agency's collegiate
board. The company continues to monitor and act on the issue so that the assumptions, methodologies and calculations considered so far
remain in force.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><FONT STYLE="letter-spacing: -0.1pt"><B><I>Impairment</I></B></FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company estimates the recoverable value
of its fixed and intangible assets based on value in use, which is measured based on the present value of the estimated future cash flow.
The assumptions used consider Company&acute;s Management best estimate of future trends in the electricity sector and are based on both
external sources of information and historical data from the cash-generating units.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The main assumptions defined below were
considered:</P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Historical data and future prospects growth;</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Discount rate per year for the fiscal year that ended
on December 31, 2023, after tax, specific to the segments tested: 5.81% and 6.53% for the generation segment without and with the SUDAM/SUDENE
tax benefit, respectively (on December 31, 2022, 4.82% for non-renewed generation without the SUDAM/SUDENE benefit, 5.58% for non-renewed
generation and 5.20% for renewed generation with the benefit), taking into account the weighted average cost of capital;</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The pre-tax discount rate per year for the corporate developments
tested ranges between 6.96% and 13.56%;</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Revenues projected in accordance with the contracts, with
no provision for extending the concession/authorization;</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Expenses segregated by cash-generating unit, projected
based on the PDNG for 5 years and consistent with the plan for the remaining years, until the end of the concessions and without considering
future renewals/extensions; and</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Company has treated each of its projects as independent
cash-generating units.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Below are the impairment positions for the
fiscal year that ended on December 31, 2023 (in BRL/thousand):</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 1.65pt 0.15pt 0.95pt 0; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">12/31/2023</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 26%; padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 25%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Generation</FONT></TD>
    <TD STYLE="width: 29%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Administration</FONT></TD>
    <TD STYLE="width: 20%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Total</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 1pt; padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Fixed Assets</FONT></TD>
    <TD STYLE="padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1,769,570</FONT></TD>
    <TD STYLE="padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">-</FONT></TD>
    <TD STYLE="padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1,769,570</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.05pt; padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Intangible</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">7,078</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">70,431</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">77,509</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1,776,648</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">70,431</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1,847,079</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: left; width: 100%">&nbsp;</TD></TR><TR><TD STYLE="text-align: left">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>



<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The movement of impairment in the UGC as
follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.45pt; padding-right: 0.45pt; padding-left: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Cash-generating Units</FONT></TD>
    <TD STYLE="width: 1%; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 15%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.45pt; padding-right: 7.9pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">12/31/2022</FONT></TD>
    <TD STYLE="width: 1%; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 14%; border-top: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.45pt 0 0 0.45pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">Additions
    </FONT></P>
    <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0.45pt 0 0 0.45pt; text-align: center"><FONT STYLE="letter-spacing: -0.1pt">(reversions)</FONT></P></TD>
    <TD STYLE="width: 1%; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 12%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.45pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Casualties</FONT></TD>
    <TD STYLE="width: 1%; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 13%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.45pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Transfers</FONT></TD>
    <TD STYLE="width: 1%; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.45pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">12/31/2023</FONT></TD></TR>
  </TABLE>





<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="border-top: black 1pt solid; padding-top: 0.45pt; padding-right: 0.65pt; padding-left: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UTE Candiota</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.1pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,043,193</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.1pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(225)</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.1pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-top: black 1pt solid; padding-top: 1.1pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,042,968)</FONT></TD>
    <TD STYLE="border-top: black 1pt solid; padding-top: 1.1pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.55pt; padding-right: 0.65pt; padding-left: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UTE Santa Cruz</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">567,253</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1.15pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(567,253)</FONT></TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UTE Candiota Fase B</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">276,877</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(396)</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(276,481)</FONT></TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 0.55pt; padding-right: 0.65pt; padding-left: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">E&oacute;lica Casa nova I</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">234,733</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">31,522</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.15pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">266,255</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Batalha</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">78,651</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(3,304)</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">75,347</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UTE Mau&aacute; Bloco 4</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">49,372</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">49,372</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UTE Aparecida &Oacute;leo</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">46,258</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">46,258</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UTE Mau&aacute; Bloco 1</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">41,040</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">PCH Funil</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">39,098</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(39,098)</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">E&oacute;lica Ventos de Angelim S.A.</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">31,914</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(31,914)</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">PCH Pedra</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">12,445</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">9,402</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">21,847</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">E&oacute;lica Coxilha Negra</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">591,926</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">591,926</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">UHE Samuel</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">261,886</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">261,886</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">PCH Jo&atilde;o Borges</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">57,523</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">57,523</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">PCH Rio Chap&eacute;u</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">48,392</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">48,392</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">E&oacute;lica Coxilha Seca</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">47,358</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">47,358</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Ibirapuit&atilde;</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">11,123</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">-</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">56,551</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">67,674</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">199.918</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(59,617)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,246)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">62,715</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">201,770</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DAEDF3">
    <TD STYLE="padding-top: 1.15pt; padding-right: 0.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,620,752</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.8pt; padding-right: 5.5pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">956,492</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.8pt; padding-right: 5.55pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(33,160)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(1,767,436)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-top: 1.8pt; padding-right: 5.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,776,648</FONT></TD></TR>
  <TR>
    <TD STYLE="width: 26%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 15%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 14%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 12%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 16%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Cash Generating Units
(UGC) that did not show an estimated loss due to irrecoverable assets (impairment)</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The UGCs that were not impaired have a recoverable
value higher than the book value of the fixed assets. In addition, the company carried out a sensitivity analysis by increasing the discount
rate by 5% and 10% to assess the risk of impairment for each UGC. It is noteworthy that three UGCs were at the limit of not presenting
impairment, and a positive variation of 5% in the discount rate would cause them to present a need for provisioning, these are (i)&nbsp;Eletronorte's
Curu&aacute;-uma UHE, Chesf's Casa Nova II UHE; and (ii)&nbsp;Chesf's Complexo Pinda&iacute; I UEE. On the other hand, an increase in
the discount rate generates a reduction in the onerousness of the contracts.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Nuclear Power Plant
(UTN) &ndash; Angra 3</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Following the corporate restructuring established
by Law No.&nbsp;14,182/22 (see note 1.2), the company stopped consolidating the amount of BRL&nbsp;4,508,765 thousand relating to the
impairment recorded at the Angra 3 plant.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The amount provisioned by the affiliate
Eletronuclear is substantially due to the fact that the fee for the project has not yet been approved by the CNPE, and the reference rate
approved in 2018 and updated for inflation is provisionally considered.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The BNDES, contracted by Eletronuclear also
under Law No.&nbsp;14,120, is carrying out the necessary studies to update the fee calculations that will be submitted to the CNPE.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The fee to be set takes into account the
assumptions of CNPE Resolution No.&nbsp;23, 10/20/2021, which establishes guidelines for setting the price of energy produced by Angra
3 Nuclear Thermoelectric Power Plant, including the assumption of a cost of equity of 8.88% per year, in real terms over the term of the
contract for the sale of electricity produced by the plant, observing the principles of reasonableness and tax modesty (<I>modicidade
tarif&aacute;ria</I>). The Angra 3 fee is expected to be set in the second semester of 2024.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The BNDES has also contracted the execution
of studies and the preparation of the necessary documents to enable Eletronuclear to hold an international bidding process for the contract
for the construction work that will complete the Angra 3 NPP (Phase 2). Among the studies contracted is the revision of the implementation
schedule, which initially pointed to commercial start-up in 2027, later revised to July 2028, as approved by Eletronuclear's Board of
Officers in January 2021.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">However, currently, due to successive delays,
the estimated date for commercial operation is the last trimester of 2030. In addition, part of these studies, which include, among other
items, the project's budget and timetable, should be completed by July 2024, when Eletronuclear, following internal governance procedures
and approval of the fee by the CNPE, will be able to proceed with the launch of the bidding process for contracting the EPC, currently
scheduled for the first trimester of 2025.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Once the consortium that wins the international
bid has been chosen, it is estimated that the contract will be signed in the second semester of 2025, with work starting in the first
trimester of 2026. It should be noted that this information is a prediction, since the studies and modeling of the Angra 3 project, carried
out by the BNDES, are currently being revised.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As for the progress of the Critical Line
Acceleration Plan, Phase 1 of the project, contracted directly by Eletronuclear, it is partially paralyzed due to the non-renewal of the
construction permit by the Angra dos Reis City Hall, resulting in an embargo on the project, as well as various problems in the quality
of the execution of the services faced by the AGIS consortium, preventing the physical progress of the project.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;variations
in revenue attributable to changes in prices, exchange rates, inflation, changes in volumes and the introduction of new products and services</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The depreciation of the Brazilian Real against
the US dollar and the fact that Eletrobras holds a portion of its receivables indexed to foreign currencies, mainly</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">the US dollar, had a positive
impact on the revenue resulting from exchange rate variations. In the fiscal year that ended on December 31, 2023, the Company recorded
a loss of BRL&nbsp;276,948&nbsp;thousand compared to the result of BRL&nbsp;446,852 thousand for the fiscal year that ended on December
31, 2022.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">With regard to net monetary restatements,
in the fiscal year that ended on December 31, 2023, the Company presented a loss of BRL&nbsp;2,414,443 thousand, compared to a negative
result of BRL&nbsp;1,097,622 thousand in the fiscal year that ended on December 31, 2022.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
impact of inflation, the variation in the prices of the main inputs and products, the exchange rate and the interest rate on Eletrobras'
operating result and financial result, when relevant</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I><U>Exchange Rate Variations</U></I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">This risk arises from the possibility of
the company's financial statements being impacted by fluctuations in exchange rates. The company is exposed to financial risks that cause
volatility in its results and cash flow. The company's assets and liabilities are indexed to foreign currencies, especially the US dollar.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In April 2023, the Company entered into
a derivative operation called a Cross Currency Swap in the notional amount of BRL&nbsp;6,318,173 thousand, with the aim of protecting
the bonds issued in relation to the exchange rate variation, assuming a liability position in Reais and the change in value of the liability
linked to the variable interest rate curve in Reais (CDI).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company has a Financial Hedge Policy
whose objective is to monitor and reduce exposure to market variables that affect the assets and liabilities of Eletrobras and its subsidiaries,
reducing the effects of undesirable fluctuations in these variables on its financial statements.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">This policy therefore aims to ensure that
the company's results faithfully reflect its actual operating performance and that its projected cash flow is less volatile.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Considering the different ways of hedging
the mismatches presented by the Company, the Policy lists a scale of priorities, prioritizing the structural solution and, only for the
remaining cases, the adoption of operations with derivative financial instruments.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Price variation of
the main inputs and products</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Eletrobras' main inputs are energy purchased
for resale and fuel for electricity production. Energy purchased for resale by Eletrobras amounted to BRL&nbsp;3,117,655&nbsp;thousand
in the fiscal year ended December 31, 2022 in comparison to BRL&nbsp;3,028,226&nbsp;thousand
in the fiscal year that ended on December 31, 2023, representing a decrease in expenses of 3% or BRL&nbsp;89,429 thousand.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Fuel costs for energy production corresponded
to BRL&nbsp;2,042,126 thousand in the fiscal year that ended on December 31, 2023, compared to BRL&nbsp;2,085,996 thousand in the fiscal
year that ended on December 31, 2022, representing a decrease of 2.1% or BRL&nbsp;43,870&nbsp;thousand.</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>2.3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Management
should comment:</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;changes
in accounting practices that have resulted in significant effects on the information provided in the items 2.1 and 2.2</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">There were no significant changes in the
Company's accounting practices in the fiscal year that ended on December 31, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;modified
opinions and emphases in the auditor's report</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company's Management informs that the
independent auditors' report on the financial statements for the fiscal year that ended on December 31, 2023, had the following emphasis:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&quot;<I>Operating situation of indirect
subsidiaries, affiliated companies and jointly controlled companies</I></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><I>As mentioned in Note 18.8 to the individual
and consolidated financial statements, the indirect controlled companies Madeira Energia S.A. and Teles Pires Participa&ccedil;&otilde;es
S.A., the associated company Lajeado Energia S.A. and the jointly controlled companies Norte Energia S.A., Chapecoense Gera&ccedil;&atilde;o
S.A. and Vamcruz I Participa&ccedil;&otilde;es S.A. have an excess of liabilities over circulating assets as of December 31, 2023. The
circumstances of the indirect subsidiaries, associates and joint ventures demonstrate the need to maintain financial support from third
parties, the Company and/or other shareholders. Our opinion is not qualified due to this matter.&quot;</I></P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><I>&nbsp;</I></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>2.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
directors shall comment on the material effects that the following events have had or are expected to have on the issuer's financial statements
and results</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;introduction
or selling of operating segment</I></B><P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">There
were no alterations on the operating segment in the fiscal year that ended in 2023.<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;incorporation,
acquisition or transfer of corporate participation</I></B><P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In September 2023, the Share Transfer and
Other Covenants agreement was signed between the Company and Neoenergia S.A., and the necessary acts were carried out by the parties.
Said agreement involved the transfer to Eletrobras of: (i)&nbsp;common shares representing 50.56% of the total and voting share capital
of Teles Pires Participa&ccedil;&otilde;es S.A; (ii)&nbsp;common shares representing 0.9% of the total and voting share capital of Companhia
Hidrel&eacute;trica Teles Pires; and (iii)&nbsp;payment of the amount of BRL&nbsp;453,982 thousand. As part of the deal, Eletronorte transferred
49% of EAPSA (Dardanelos UHE) and remaining stakes in Neoenergia Afluente T, Neoenergia Coelba and Neoenergia Cosern.</P>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In October 2023, Furnas began to consolidate
100% of the share capital of Baguari I Gera&ccedil;&atilde;o de Energia S.A. (Baguari I) and Baguari Energia S.A. (Baguari Energia), which
together compose the Baguari Consortium.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In November 2023, Furnas completed the acquisition
of 100% of the Retiro Baixo UHE Consortium.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In December 2023, Furnas completed the acquisition
of the 51% stakes held by FIP Mil&atilde;o in SPE Vale do S&atilde;o Bartolomeu S.A. and Tri&acirc;ngulo Mineiro Transmissora S.A.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;unusual
events or operations</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Advance payment &ndash;
ENBpar</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In April 2023, ENBPar paid off the outstanding
balance related to the transfer of the Brazilian share in Itaipu Binacional, as provided for in the resolution of the Partnership and
Investment Program Council - CPPI (<I>Conselho do Programa de Parceria e Investimentos &ndash; CPPI)</I> No. 221 of December 2021 and
in the contract signed between the Company and ENBpar.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Voluntary Separation
Plan (Plano de Demiss&atilde;o Volunt&aacute;ria - PDV 2023)</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2023, the Company announced the Voluntary
Separation Plan (PDV 2023) eligible for its employees. The relevant amount provided in the result for the year of 2023 was BRL&nbsp;544,749
thousand, representing the adherence of 1,573 employees.</P>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><BR STYLE="clear: both">
</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>2.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
the issuer has disclosed, during the last fiscal year, or intends to disclose in this form non-accounting measurements, such as EBITDA
(earnings before interest, taxes, depreciation and amortization) or EBIT (earnings before interest and income tax), the issuer must:</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>a) report the value
of non-accounting measurements</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Earnings before Interest,
Taxes, Depreciation and Amortization (&ldquo;<U>EBITDA</U>&rdquo;)</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">EBITDA (Earnings Before Interest, Taxes,
Depreciation and Amortization) is a non-accounting measurement disclosed by the Company in accordance with CVM Resolution No. 156 of June
23, 2022 (&quot;<U>RCVM 156</U>&quot;). Under the terms of RCVM 156, EBITDA is calculated using net income for the period, plus income
taxes, net financial expenses, financial income and depreciation, amortization and exhaustion. EBITDA is not a measure in accordance with
Brazil's Generally Accepted Accounting Principles (<I>Princ&iacute;pios Cont&aacute;beis Geralmente Aceitos</I>) (&quot;<U>BR GAAP</U>&quot;)
or the International Financial Reporting Standards (&quot;<U>IFRS</U>&quot;) issued by the IASB and does not represent cash flow for the
periods presented and should not be considered as a substitute for net income as an indicator of Eletrobras' operating performance or
as a substitute for cash flow as an indicator of liquidity. EBITDA is an additional information to Eletrobras' financial statements and
should not be used as a substitute for audited results. EBITDA does not have a standardized meaning and Eletrobras' definition of EBITDA
may not be comparable to those used by other companies.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Adjusted EBITDA</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Adjusted EBITDA is a non-accounting measurement
of the potential for operating cash generation, and shows the company's ability to generate funds from its operating activities without
taking into account depreciation/amortization, the financial results, taxes and non-recurring effects on income and expenses.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Gross Debt</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Gross Debt is a non-accounting measurement
prepared by the Company, and corresponds to the sum of the balances of current and non-current funding, loans and debentures. Gross Debt
is not a measurement recognized in accordance with BR GAAP or IFRS accounting practices, does not have a standard meaning and may not
be comparable to the Gross Debt prepared by other companies.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Net Debt</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Net Debt is a non-accounting measurement
prepared by the Company, and corresponds to the balance of Gross Debt, net of the balances of cash and cash equivalents, securities (current),
funding and loans (current and non-current) and</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">the balance of itaipu's financial
assets. Net Debt is not a measurement recognized in accordance with BR GAAP or IFRS accounting practices, has no standard meaning and
may not be comparable to Net Debt prepared by other companies.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Net Leverage</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Net Leverage is a non-accounting measurement
prepared by the Company, and corresponds to the division between Net Debt and Total Shareholders' Equity. Net Leverage is not a measurement
recognized in accordance with BR GAAP or IFRS accounting practices, has no standard meaning and may not be comparable to the Net Leverage
prepared by other companies.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;reconciling
the amounts disclosed with the values in the audited financial statements</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Net Debt / EBITDA</I></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 36%; border-right: white 2.25pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 0.95pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B><I>(in thousands of BRL)</I></B></FONT></TD>
    <TD STYLE="width: 30%; border-right: white 2.25pt solid; padding: 2pt 5.75pt 2pt 5.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Fiscal Year (12/31/2023)</B></FONT></TD>
    <TD STYLE="width: 34%; padding: 2pt 22.25pt 2pt 23.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Fiscal Year (12/31/2022)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>17,019,826</B></FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>11,397,859</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjusted EBITDA</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>19,274,198</B></FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">17,780,377</FONT></TD></TR>
  <TR>
    <TD STYLE="padding: 2pt 0.1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Net Debt</FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">41,446,007</FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">34,762,659</FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Net Debt/Adjusted EBITDA </B></FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>2.15</B></FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>1.96</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><B><I>Reconciliation of EBITDA</I></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 39%; border-right: white 2.25pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 0.95pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B><I>(in thousands of BRL)</I></B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 28%; padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Fiscal Year <FONT STYLE="letter-spacing: -0.1pt">(12/31/2023)</FONT></B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 33%; border-left: white 2.25pt solid; border-right: white 2.25pt solid; padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Fiscal Year <FONT STYLE="letter-spacing: -0.1pt">(12/31/2022)</FONT></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-right: 0.35pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Net Profit of the fiscal year</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.05pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">4,394.861</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.05pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">3,638,382</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #F1F1F1">
    <TD STYLE="padding-top: 2pt; padding-right: 0.35pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(+) Provision for Income Tax Social Contribution</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.35pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,998,498</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.35pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">695,613</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 2pt; padding-right: 0.35pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(+) Financial Outcome</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.05pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">12,002,121</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.05pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">4,373,595</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #F1F1F1">
    <TD STYLE="padding-top: 2pt; padding-right: 0.35pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">(+)<FONT STYLE="letter-spacing: -0.25pt">Depreciation and Amortization</FONT></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.05pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">3,621,342</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.05pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">2,690,269</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding: 2pt 0.35pt 2pt 0.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.05pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>17,019,826</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.05pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>11,397,859</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Reconciliation of
Adjusted EBITDA</I></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 43%; border-right: white 2.25pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: center; text-indent: 29.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B><I>(in thousands of BRL)</I></B></FONT></TD>
    <TD STYLE="width: 31%; border-right: white 2.25pt solid; padding: 2pt 5.75pt 2pt 5.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Fiscal Year (12/31/2023)</B></FONT></TD>
    <TD STYLE="width: 26%; border-right: white 2.25pt solid; padding: 2pt 5.75pt 2pt 5.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Fiscal Year (12/31/2022)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>EBITDA</B></FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.05pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>17,019,826</B></FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.05pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #252525; letter-spacing: -0.1pt"><B>11,397,859</B></FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.2pt; text-align: center; text-indent: 0.75pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjustment Result of a discontinued operation</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">332,014</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">(986,785)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center; text-indent: 29.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjustment of Other Income and Expenses</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">(1,143,062)</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">(186,924)</FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center; text-indent: 29.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjustment Regulatory remeasurements - Transmission Contracts</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">12,144</FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">(365,178)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center; text-indent: 29.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Adjustment of Provisions</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1,425,561</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">6,181,043</FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center; text-indent: 29.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">Adjustment</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.2pt">PMSO</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1,654,704</FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.05pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">1,753,277</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center; text-indent: 29.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Other <FONT STYLE="letter-spacing: -0.1pt">Adjustments</FONT></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">(26,989)</FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.05pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt">(12,914)</FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; text-align: center; text-indent: 29.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Adjusted EBITDA</B></FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.05pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>19,274,198</B></FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.05pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>17,780,377</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Net Leverage</I></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 44%; border-right: white 2.25pt solid; padding-top: 2pt; padding-bottom: 2pt; padding-left: 0.95pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B><I>(in thousands of BRL)</I></B></FONT></TD>
    <TD STYLE="width: 29%; border-right: white 2.25pt solid; padding: 2pt 5.75pt 2pt 5.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Fiscal Year (12/31/2023)</B></FONT></TD>
    <TD STYLE="width: 27%; border-right: white 2.25pt solid; padding: 2pt 5.75pt 2pt 5.65pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; letter-spacing: -0.1pt"><B>Fiscal Year (12/31/2022)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Net Debt (A)</B></FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">41,446,007</FONT></TD>
    <TD STYLE="padding: 2pt 0.1pt 2pt 0.05pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">34,762,699</FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total Net Equity (B)</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">112,464,644</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">111,028,636</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Net Leverage</B></FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">36.85%</FONT></TD>
    <TD STYLE="padding-top: 2pt; padding-right: 0.1pt; padding-bottom: 2pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">31.31%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT STYLE="font-size: 12pt; line-height: 130%">explain
why it believes that such measurement is more appropriate for a correct understanding of its financial condition and the results of its
operations</FONT></I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>EBITDA</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">EBITDA is used as a performance measure
by management, which is why Eletrobras believes it is important to include it in this item. Eletrobras' management believes that EBITDA
is a practical measure which, alongside other indicators, helps to assess its operational performance and allows for comparison with other
companies in the same sector, even though other companies may calculate it differently.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Eletrobras' management believes that EBITDA,
measured from the amount given by adding to the net income for the period only taxes on profit, net financial expenses, financial income
and depreciation, amortization and depletion, is a good approximation of the potential for gross generation of resources and, therefore,
an important indicator of its operating performance.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Adjusted EBITDA</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The adjusted EBITDA is a non-accounting
measurement of the potential for operational cash generation, and demonstrates the capability of the company to generate funds from its
operational activities without taking into account depreciation/amortization, the financial result, taxes and the unadjusted effects on
income and expenses.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Gross Debt</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Gross Debt is a non-accounting measurement
prepared by the Company, and corresponds to the sum of the balances of current and non-current financing, loans and debentures. Gross
Debt is not a measurement recognized in accordance with BR GAAP or IFRS accounting practices, does not have a standard meaning and may
not be comparable to the Gross Debt prepared by other companies. The Company uses Gross Debt as a measure to monitor the fulfillment of
its obligations contracted with net financial institutions.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Net Debt</I></B></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Net Debt is a non-accounting measurement
prepared by the Company, and corresponds to the balance of Gross Debt, net of the balances of cash and cash equivalents, securities (current),
financing and loans (current and non-current) and the balance of Itaipu's financial assets. Net Debt is not a measurement recognized in
accordance with BR GAAP or IFRS accounting practices, has no standard meaning and may not be comparable to Net Debt prepared by other
companies.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company uses Net Debt to access the
Company's financial position, its degree of financial leverage, in order to assist management decisions related to cash flow management,
investments and capital structure, since it aims to measure the Company's payment capacity in relation to its indebtedness with third
parties, without the influence of tax effects, for example.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>Net Leverage</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Net Leverage is a non-accounting measurement
prepared by the Company, and corresponds to the division between Net Debt and the Total Shareholders&rsquo; Equity. Net Leverage is not
a measurement recognized in accordance with BR GAAP or IFRS accounting practices, has no standard meaning and may not be comparable to
the Net Leverage prepared by other companies.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company uses the financial leverage
ratio to monitor the relationship between the growth of the Company's debt and the capital invested by the owners in the Company.</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>2.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;events
subsequent to the financial statements</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>2.6.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Identify
and comment any event subsequent to the latest financial statements for the end of the fiscal year that substantially changes them</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><U>Sale of the Candiota thermoelectric complex</U></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In January 2024, the Company completed the
sale of the Candiota thermoelectric complex (350MW) to the &Acirc;mbar Energia S.A. group, in accordance with Explanatory Note 41 to the
financial statements for the fiscal year ended December 31, 2023.</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>2.7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
officers shall comment on the destination of the Company&rsquo;s results, indicating:</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 39%; border: gray 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 61%; border-top: gray 1pt solid; border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding: 6pt 56.35pt 6pt 57.15pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>2023</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; padding: 6pt 15.25pt 6pt 3.45pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>a. rules on retained earnings</B></FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid">
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 5.7pt 6pt 7.55pt; text-align: justify">Pursuant to Law No.&nbsp;6,404
    of December 15, 1976, as amended (&quot;<U>Brazilian Corporate Law</U>&quot;), Eletrobras' shareholders' meeting may decide, upon management's
    proposal, to retain part of the net profit to be used in Eletrobras' investments. According to Eletrobras' bylaws, of the net profit for
    the fiscal year: (i)&nbsp;5% will be allocated, before any other allocation, to the legal reserve, up to the maximum limit provided for
    in the Brazilian Corporate Law, which is currently 20% of the capital stock; (ii)&nbsp;at least 25% of the balance of the net profit for
    the fiscal year, obtained after deducting the legal reserve referred to in the main section of this article, will be distributed as dividends
    to all of the Company's shareholders; and (iii)&nbsp;up to 75% of the adjusted net profit shall be allocated to the investment reserve,
    with the purpose of ensuring the maintenance and development of the activities that comprise the Company's corporate purpose, whose accumulated
    balance may not exceed 75% of the paid-in capital stock.</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 2.4pt 6pt 3.35pt; text-align: justify">In addition, as provided for
    in article 196 of the Brazilian Corporation Law, the Company, by deliberation of the shareholders' meeting, may approve a proposal by
    its management, retain a portion of the net profit for the fiscal year provided for in a capital budget previously approved by it.</P></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 39%; border: gray 1pt solid; padding: 6pt 15.25pt 6pt 3.45pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>a.i. amounts of profit retention</B></FONT></TD>
    <TD STYLE="width: 61%; border-top: gray 1pt solid; border-right: gray 1pt solid; border-bottom: gray 1pt solid">
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 2.45pt 6pt 3.35pt; text-align: justify">In the fiscal year ended December
    31, 2023, the company recorded net profit of BRL&nbsp;4,550&nbsp;million. Eletrobras' Ordinary Shareholders' Meeting to be held on April
    26, 2024, will deliberate on the proposal to allocate the profit for the fiscal year ended December&nbsp;31, 2023.</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 2.45pt 6pt 3.35pt; text-align: justify">In accordance with the Brazilian
    Corporate Law, 5% of the net profit for the fiscal year, corresponding to BRL&nbsp;227&nbsp;million, must be destined for the legal reserve.</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 2.45pt 6pt 3.35pt; text-align: justify">In accordance with article
    50, II, of the Company's current Bylaws, up to 75% of the net profit for the fiscal year may be allocated to the statutory investment
    reserve. Therefore, the management proposed that the amount of BRL&nbsp;3,026&nbsp;million, corresponding to 66.5% of the net profit for
    the fiscal year, be destined for the statutory investment reserve.</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 2.45pt 6pt 3.35pt; text-align: justify">Finally, a proposal was submitted
    to retain profits under the terms of article 196 of the Brazilian Corporation Law, so that the accumulated profit equivalent to BRL&nbsp;373&nbsp;million
    would be retained.</P></TD></TR>
  <TR>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; padding: 6pt 12.15pt 6pt 3.45pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>a.ii. percentages in relation to total reported profits</B></FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding: 6pt 2.5pt 6pt 3.35pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">For the fiscal year ended December 31, 2023, the proposal (i)&nbsp;for the retention
of profit for the legal reserve and the statutory investment reserve, summed together, make up the percentage of 71.5% of the net profit
for the fiscal year; (ii)&nbsp;the proposal for the retention of profit under the terms of article 196 of the Brazilian Corporation Law
makes up the percentage of 100% of the accumulated profit.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 39%; border: gray 1pt solid; padding: 6pt 15.55pt 6pt 3.45pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>b. dividends distribution rules</B></FONT></TD>
    <TD STYLE="width: 61%; border-top: gray 1pt solid; border-right: gray 1pt solid; border-bottom: gray 1pt solid">
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 2.35pt 6pt 3.35pt; text-align: justify">The bylaws guarantee its shareholders
    the right to dividends and/or interest on own capital stock of no less than twenty-five percent (25%) of adjusted net profit each fiscal
    year, in accordance with the Brazilian Corporate Law and subsequent amendments, subject to the dividend distribution policy. In accordance
    with the Brazilian Corporate Law, dividends can only be distributed after deduction, before any participation, of accumulated losses and
    the provision for Income Tax. The Brazilian Corporate Law authorizes the Company to pay dividends from the net profit for the fiscal year,
    from retained earnings or from the profit reserve (excluding the legal reserve).</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 2.35pt 6pt 3.35pt; text-align: justify">Eletrobras' bylaws do <U>not</U>
    provide that the special class preferred share (golden share) will have priority in the distribution of dividends, but they do provide
    that the class &quot;A&quot; and &quot;B&quot; preferred shares will have priority in the distribution of dividends, under the following
    terms:</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 2.35pt 6pt 3.35pt; text-align: justify">(i)&nbsp;Class &quot;A&quot;
    preferred shares, which are subscribed up to June 23, 1969, and those arising from bonuses attributed to them, will have priority in the
    distribution of dividends, which will be levied at the rate of eight percent per year on the capital stock belonging to this specie and
    class of shares, to be apportioned equally among them; and (ii)&nbsp;the class &quot;B&quot; preferred shares, which are subscribed as
    from June 23, 1969, will have priority in the distribution of dividends, which will be levied at the rate of six percent per year on the
    capital stock belonging to this specie and class of shares, such dividends to be apportioned equally among them.</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 2.35pt 6pt 3.35pt; text-align: justify">Eletrobras' class &quot;A&quot;
    and &quot;B&quot; preferred shares will participate, on equal terms, with the common shares and the special class preferred share in the
    distribution of dividends, after they have been guaranteed the lowest of the minimum dividends described in items (i) and (ii) above,
    guaranteeing each of Eletrobras' class &quot;A&quot; and &quot;B&quot; preferred shares the right to receive dividends, for each share,
    at least 10% higher than those attributed to each common share. The minimum priority dividend for preferred shares must be distributed
    whenever net profit is verified.</P></TD></TR>
  <TR>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>c. periodicity of dividends distribution</B></FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding: 6pt 2.35pt 6pt 3.35pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">The Board of Directors, at the proposal of the Executive Board, despite not having done so in the fiscal year ended December 31, 2023, may determine the drawing up of balance sheets in periods shorter than the annual period and declare dividends or interest on own capital stock to the account of the profit calculated in these statements, as well as declare them to the account of accumulated profits or profit reserves existing in the last annual or interim statement. </FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 39%; border: gray 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>d. eventual restrictions on the distribution of dividends imposed by special legislation or regulations applicable to the issuer, as well as contracts, judicial, administrative or arbitration decisions</B></FONT></TD>
    <TD STYLE="width: 61%; border-top: gray 1pt solid; border-right: gray 1pt solid; border-bottom: gray 1pt solid">
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 2.35pt 6pt 3.35pt; text-align: justify">Under the terms of the Brazilian
    Corporate Law, five percent (5%) of Eletrobras' net profit shall be applied, before any other destination, to set up a legal reserve,
    which may not exceed twenty percent (20%) of the capital stock.</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 2.35pt 6pt 3.35pt; text-align: justify">In accordance with its bylaws,
    Eletrobras must distribute, in each fiscal year, dividends of no less than twenty-five percent (25%) of the adjusted net profit under
    the terms of the Brazilian Corporate Law.</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 2.35pt 6pt 3.35pt; text-align: justify">The net profit may be capitalized,
    used to compensate for losses or retained, as provided for in the Brazilian Corporate Law, and may not be made available for the payment
    of dividends. Eletrobras may not pay dividends to its shareholders in a given fiscal year if its managers state, and the shareholders'
    meeting so approves, that such payment is inadvisable in view of Eletrobras' financial situation, or, furthermore, if the amount of the
    mandatory dividend, calculated under the terms of the Company's bylaws, exceeds the realized portion of the net profit for the fiscal
    year. In addition, the shareholders' meeting may, upon management's proposal, allocate the excess to the constitution of an investment
    reserve or retention under the terms of the capital budget approved under the terms of article 196 of the Brazilian Corporation Law.</P></TD></TR>
  <TR>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; border-left: gray 1pt solid; padding-top: 6pt; padding-bottom: 6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>e. if the issuer has a formally approved profit allocation policy, inform the body responsible for approval, the date of approval and, if the issuer publishes the policy, the location on the worldwide web where the document can be consulted</B></FONT></TD>
    <TD STYLE="border-right: gray 1pt solid; border-bottom: gray 1pt solid; padding: 6pt 2.35pt 6pt 3.35pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Eletrobras
    has a dividend distribution policy formally approved by the Company's board of directors, which is available for consultation on
    Eletrobras' investor relations website (<FONT STYLE="color: rgb(3,98,193)"><U>https://ri.eletrobras.com/</U></FONT>) and on the website
    of the Brazilian Securities and Exchange Commission (<FONT STYLE="color: rgb(3,98,193)"><U>https://www.gov.br/cvm/pt-br</U></FONT>).</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>2.8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
officers must describe the relevant items not evidenced in the issuer&rsquo;s financial statements, indicating:</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;the
assets and liabilities held by the Company, directly or indirectly, that are not shown on its balance sheet (off-balance sheet items),
such as: i)&nbsp;portfolios of receivables written off over which the entity has neither retained nor substantially transferred the risks
and benefits of ownership of the transferred asset, indicating the respective liabilities; ii)&nbsp;contracts for the future purchase
and sale of products or services; iii)&nbsp;uncompleted construction contracts; and iv)&nbsp;contracts for future receipt of financing.</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">All of the assets and liabilities held by
Eletrobras are recorded on the balance sheet. Eletrobras does not maintain any operations, contracts, obligations or other types of commitments
in companies whose financial statements are not consolidated with its own, or other operations capable of generating a material effect,
present or future, on its results or on its equity or financial condition, incomes or expenses, liquidity, investments, cash or any other
items not recorded in its financial statements. Therefore, there are no assets or liabilities held by Eletrobras that are not shown on
the balance sheet or disclosed in the notes to the financial statements, as is the case of the lawsuits with possible risk classification.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;other
items not evidenced in the financial statements</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">There are no other relevant items not evidenced
in Eletrobras' consolidated financial statements for the fiscal year ended December 31, 2023.</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>2.9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
relation to each of the items not evidenced in the financial statements indicated in item 2.8, the directors should comment:</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;how
such items change or may change revenues, expenses, operating income, financial expenses or other items of the issuer's financial statements</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Not applicable, since there are no other
relevant items not evidenced in Eletrobras' consolidated financial statements for the fiscal year ended December 31, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nature
and purpose of the transaction</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Not applicable, since there are no other
relevant items not evidenced in Eletrobras' consolidated financial statements for the fiscal year ended December 31, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;nature
and amount of the obligations assumed and rights generated in favor of the issuer as a result of the transaction</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Not applicable, since there are no other
relevant items not evidenced in Eletrobras' consolidated financial statements for the fiscal year ended December 31, 2023.</P>


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<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>2.10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
officers must indicate and comment on the main elements of the issuer's business plan, specifically exploring the following topics:</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;investments,
including</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;quantitative
and qualitative description of ongoing and planned investments</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The total investments made by Eletrobras
in the period ended December 31, 2023, was BRL&nbsp;9.0 billion, which corresponds to an increase of 60% compared to the same period last
year. Of this total, BRL&nbsp;6.8&nbsp;billion corresponds to corporate spending and BRL&nbsp;2.2&nbsp;billion to partnerships, with an
emphasis on: (i)&nbsp;the Coxilha Negra generation project, with BRL&nbsp;933&nbsp;million; (ii)&nbsp;investments in transmission Expansion
and Reinforcements and Improvements, with BRL&nbsp;2.6&nbsp;billion; and (iii)&nbsp;M&amp;A operations, with a value of BRL&nbsp;2.0&nbsp;billion.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The resources were distributed in the following
segments: BRL&nbsp;2.7&nbsp;billion in Generation, BRL&nbsp;3.5&nbsp;billion in Transmission and BRL&nbsp;552&nbsp;million in others.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="width: 30%; border-top: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>BRL Millions</B></FONT></TD>
    <TD STYLE="width: 32%; border-top: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Budgeted until 12/31/2023</B></FONT></TD>
    <TD STYLE="width: 38%; border-top: #BFBFBF 1pt solid; border-right: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Realized until 12/31/2023</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="border-left: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Generation</B></FONT></TD>
    <TD STYLE="padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>4,596</B></FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>4,332</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Corporate Implementation</FONT></TD>
    <TD STYLE="padding: 0.75pt 0.75pt 8pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-left: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Corporate Expansion</FONT></TD>
    <TD STYLE="padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,277</FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,183</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Maintenance</FONT></TD>
    <TD STYLE="padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,659</FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,545</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-left: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">SPEs</FONT></TD>
    <TD STYLE="padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,660</FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">1,604</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="border-left: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Transmission</B></FONT></TD>
    <TD STYLE="padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>3,720</B></FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>4,134</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Corporate Implementation</FONT></TD>
    <TD STYLE="padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">282</FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">214</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-left: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Expansion, Reinforcements and Improvements</FONT></TD>
    <TD STYLE="padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,418</FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">2,459</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">Maintenance</FONT></TD>
    <TD STYLE="padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">991</FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">855</FONT></TD></TR>
  <TR STYLE="background-color: #F2F2F2">
    <TD STYLE="border-left: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">SPEs</FONT></TD>
    <TD STYLE="padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">30</FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">606</FONT></TD></TR>
  <TR>
    <TD STYLE="border-left: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Others</B></FONT></TD>
    <TD STYLE="padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">791</FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">552</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="border-bottom: #BFBFBF 1pt solid; border-left: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>9,107</B></FONT></TD>
    <TD STYLE="border-right: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt solid; padding: 0.75pt 0.75pt 8pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><B>9,018</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>GENERATION: BRL&nbsp;4,332&nbsp;MILLION
OF INVESTMENTS PERFORMED</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Details of investment in <U>maintenance</U>
below:</P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">BRL&nbsp;675&nbsp;million invested by Chesf, of which
BRL&nbsp;117&nbsp;million in Paulo Afonso IV and BRL&nbsp;91&nbsp;million in Sobradinho;</FONT></P>


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<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0in"></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">BRL&nbsp;526&nbsp;million from Eletronorte, of which BRL&nbsp;134&nbsp;million
was for renovating generators and the elevator transformer at the Tucuru&iacute; plant and BRL&nbsp;169&nbsp;million for modernizing the
subsidiary's thermal plants; and</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">BRL&nbsp;459&nbsp;million from Furnas, of which BRL&nbsp;184&nbsp;million
for the implementation of the combined cycle at the Santa Cruz Thermal Power Plant and BRL&nbsp;77&nbsp;million for the modernization
of the UHE Porto Col&ocirc;mbia.</FONT></P>
<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"></FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>Detail of investment
in expansion:</B></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">BRL&nbsp;963&nbsp;million from CGT Eletrosul, of which
BRL&nbsp;933&nbsp;million refers to the &ldquo;<I>Parque E&oacute;lico Coxilha Negra</I>&rdquo;.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">With regard to SPEs, investments in the
acquisition of the UHE Baguari, the UHE Teles Pires and Retiro Baixo stand out.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>TRANSMISSION: BRL&nbsp;4,134&nbsp;MILLION
OF PERFORMED INVESTMENTS </I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the Transmission segment, investments
in <B>expansion, reinforcements and improvements</B> corresponded to 72% of Corporate investment, of which:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>OTHERS</I></B></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the Environmental segment, BRL&nbsp;209&nbsp;million
was invested, with the highlights being BRL&nbsp;72&nbsp;million from Furnas for the Degraded Areas Recovery plan.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>i.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;investments
financing sources</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The investments are made using its own resources
and financing.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;relevant
divestments in progress and planned divestments</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In accordance with the guidelines of its
strategic planning, in recent years Eletrobras has sought to rationalize its portfolio of corporate equity. Among the operations already
carried out, seven took place in 2023. As a result, Eletrobras ended 2023 with a total of 74 SPEs, which means a reduction of 104 SPEs
compared to December 2016.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;provided
it has already been disclosed, indicate the acquisition of plants, equipment, patents or other assets that should materially influence
the issuer's production capacity</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As disclosed in the Company's Management
Report:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><U>Plants</U>:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Certification of the first green hydrogen
plant, with Eletrobras positioning itself at the forefront of the global energy transition.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Certification of the UHE Itumbiara by the
CCEE for the production of green hydrogen. Eletrobras emerges as a leader in the production of green hydrogen in Brazil, positioning itself
at the forefront of the global energy transition from the use of fossil fuels to renewables.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Considered the future fuel, green hydrogen
is emerging on the planet as today's main energy bet, as it is considered a clean energy and has zero carbon emissions. Eletrobras has
already produced the first tons of green hydrogen in the country, demonstrating its potential to contribute significantly to Brazil's
environmental commitments.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Facing the challenge of needing constant
renewable energy for the production of green hydrogen, Eletrobras has the resources and infrastructure, including vast renewable energy
generation capacity and an interconnected national electricity system, that position it as a strategic partner for future decarbonization
projects.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><U>Acquisition of other assets</U>:</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Highlight for the conclusion of important
transactions such as the acquisition of Retiro Baixo Energ&eacute;tica and the consolidation of 100% of Teles Pires and the UHE Baguari.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">It is worth noting that in 2023 there will
be an increase in installed capacity of 2. 095 MW, of which 150 MW refers to the closure of the combined cycle at UTE Santa Cruz, 977
MW refers to Furnas increasing its shareholding in SPE Santo Ant&ocirc;nio, 928 MW refers to Furnas increasing its shareholding in the
UHE Teles Pires, 43 MW refers to Furnas consolidating its 100% shareholding in the UHE Retiro Baixo, 119 MW relating to the consolidation
of a 100% stake in UHE Baguari, 6 MW relating to the consolidation of a 100% stake in EOL Ibirapuit&atilde; (&ldquo;<I>Complexo E&oacute;lico
Livramento</I>&rdquo;) and a reduction of 128 MW relating to the transfer of a 49% stake in UHE Dardanelos, in the share swap operation
between Eletronorte and Neoenergia.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">With regard to SPEs, investments were made
in the acquisition of UHE Baguari, UHE Teles Pires and UHE Retiro Baixo.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;new
products and services, indicating: i. description of ongoing research already disclosed ii. total amounts spent by the issuer on research
for the development of new products or services iii. projects under development already disclosed iv. total amounts spent by the issuer
on the development of new products or services</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2023, around 40 projects were under development
within the scope of R&amp;D+I, with resources invested in the order of BRL&nbsp;80&nbsp;million.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The developments can be distributed across
topics of interest to Eletrobras and the electricity sector, such as:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><U>Energy storage</U>: Using energy storage
using batteries and photovoltaic systems in the auxiliary service of 230/500 kV substations to replace diesel generators and as a backup
for external sources coming from concessionaires, reducing emissions of polluting gases, attenuating noises and mitigating risks of interruptions,
including the development of software to analyze the data coming from the use of the plant and thus be able to control the entire dispatch
of the plant autonomously, is the objective of a project under development at the Messias Substation. Also under development is the implementation
of the Hybrid Plant, in Casa Nova, on the banks of the UHE Sobradinho reservoir, with an intelligent system for operating and dispatching
energy from the integration of a wind turbine, solar plant and battery storage, including the development of software to analyze data
from the use of the plant, often captured using various sensors, and thus be able to control the entire dispatch of the plant autonomously.</P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><U>Modernization of operations</U>: among
the projects carried out, it is worth highlighting the Digitization and Modernization of the UHE Tucuru&iacute; Generating Unit Cooling
System - Intelligent Cooling System (Siri), the fundamental point of which is the automation of the UHE cooling system by means of a new
sensor network, the creation of a supervisory system and a database for the application of computer intelligence, aiding management and
decision-making. In addition, the filtration and cooling water quality treatment systems will also be improved.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><U>Energy commercialization</U>: the subject
has been demanding development, especially with the opening up of the market, therefore looking to forecast short-term prices using Machine
Learning and a combination of techniques and specific application in the energy market in Brazil. Seeking assertiveness of over 64% and
daily use as decision support for energy commercialization for all of Eletrobras, through the competitive evaluation of more than 20 independent
models that consult more than 25 external data sources and result in 3 different future points.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><U>Asset monitoring and management</U>:
this is a very important issue and requires efforts in the various types of assets distributed throughout the Company's generation and
transmission facilities. Developments are currently in progress for high-voltage circuit breakers, foreseeing a pilot system integrated
with hardware and software, capable of anticipating possible failures in high-voltage SF6 gas circuit breakers, using computer intelligence,
and integration with Eletrobras' operating network at SE Tijuco Preto. In tests at this substation, there is also the implementation of
an electronic device for online monitoring of current transformers (CTs) using intelligent predictive techniques, with the aim of continuously
monitoring degradation online and anticipating abnormalities that could lead to failures and/or explosions. The project for hydroelectric
plants was completed, which developed and implemented an online monitoring system with integrated prognosis and diagnosis of the main
generation function equipment at the UHE Tucurui, based on continuous assessment of the characteristic parameters of each piece of equipment.
Developments were made available in the company's proprietary system, which has analytical capacity and provides information to the business
analyst for more assertive diagnosis and prognosis, with machine learning support for partial discharges.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As for the development aimed at Hydrogen,
the technical barrier to be overcome is obtaining a system that allows optimum monitoring of the maintenance and operation of the low
carbon plant via water electrolysis installed at the UHE Itumbiara, in order to maximize
productivity and efficiency, while keeping costs low and keeping maintainers up to date on operating conditions.</P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In addition to all the development reported
to the Company, it has filed nine patent applications and obtained the granting of three patents with the National Institute of Intellectual
Property (INPI): &quot;Device for retaining gases and water from the exhaust of internal combustion engines for ballast in aerostats&quot;,
&quot;Method and mobile apparatus for coupling and decoupling the spring box of circuit breakers&quot; and &quot;Helical insulator for
optical fiber applied to high voltage levels&quot;. Eletrobras has 112 patent applications, 32 granted patents, 56 software registrations
and 31 trademark registrations.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Also noteworthy are the investments made
in the Electric Energy Research Center - CEPEL, the largest electric energy research center in Latin America. The Eletrobras group as
the founder and main maintainer of CEPEL, annually invests resources that are reverted into projects and solutions for the company and
the electricity sector. In 2023, R$218.9 million was invested in asset management projects, energy optimization, new generation systems,
storage, grid resilience, among others. The investments made by the Eletrobras System represented approximately 71% of CEPEL's total inflow
of funds - the difference came from the contributions of other members, the sale of technological products and services and projects with
partners.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The institution's mission is to contribute
to the permanent improvement and adaptation of the electricity service, achieving new standards of quality and economy through research,
development, innovation, promotion and transfer of technology, highly complex technological services, becoming a center of excellence
in the Brazilian Electricity Sector.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2023, various projects and solutions
were developed for Eletrobras companies, as well as licensing programs and performing technical and scientific assistance, tests and technological
services. The following table details the distribution of resources invested by area of activity.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="width: 68%; padding-left: 7.1pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>CEPEL&rsquo;s areas of activity</B></FONT></TD>
    <TD STYLE="width: 32%; padding-top: 4.25pt; padding-right: 1.3pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Distribution of resources</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="font-family: Calibri, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 1.3pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt"><B>Invested by the Eletrobras System</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 4.25pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Electro-energy systems</FONT></TD>
    <TD STYLE="padding-top: 4.25pt; padding-right: 1.3pt; padding-left: 61.6pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center; text-indent: -61.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">25%</FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="vertical-align: top; padding-top: 4.25pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Electrical equipment and intelligent systems</FONT></TD>
    <TD STYLE="padding-top: 4.25pt; padding-right: 1.3pt; padding-left: 0.25pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">6%</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 4.25pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Automation, supervision and control systems</FONT></TD>
    <TD STYLE="padding-top: 4.25pt; padding-right: 1.3pt; padding-left: 0.25pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">21%</FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="vertical-align: top; padding-top: 4.25pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Energy transition, environment and sustainability</FONT></TD>
    <TD STYLE="padding-top: 4.25pt; padding-right: 1.3pt; padding-left: 0.25pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">15%</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; padding-top: 4.25pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Asset management technologies</FONT></TD>
    <TD STYLE="padding-top: 4.25pt; padding-right: 1.3pt; padding-left: 0.25pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">23%</FONT></TD></TR>
  <TR STYLE="background-color: #F1F1F1">
    <TD STYLE="vertical-align: top; padding-top: 4.25pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Energy efficiency and certification</FONT></TD>
    <TD STYLE="padding-top: 4.25pt; padding-right: 1.3pt; padding-left: 0.25pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">4%</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 68%; padding-top: 4.25pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Materials and mechatronics</FONT></TD>
    <TD STYLE="width: 32%; padding-top: 4.25pt; padding-right: 1.3pt; padding-left: 0.25pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">7%</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #F1F1F1">
    <TD STYLE="padding-top: 4.25pt; padding-left: 5.4pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; letter-spacing: -0.1pt"><B>Total</B></FONT></TD>
    <TD STYLE="padding-top: 4.25pt; padding-right: 1.3pt; font-family: Calibri, Helvetica, Sans-Serif; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt; letter-spacing: -0.2pt"><B>101%</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/16pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As part of the continuous improvement of
the solutions it offers its founders, other members, clients and partners, CEPEL made several changes to the programs and software it
develops in the past year, updating functions, routines and systems, as well as constantly striving to develop graphical interfaces that
make these tools easier to use.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">It is worth highlighting the technical expertise
services for investigating the root cause of equipment failures, as well as tests on materials and components used in transmission, generation
and distribution systems throughout the country. In these activities, solutions developed and validated in CEPEL's laboratories are also
used to measure voltage transients and investigate equipment failures in the field. These are activities that require the multidisciplinary
expertise that the Center has at its disposal, whether through the knowledge of its qualified technical staff or its diversified laboratory
infrastructure.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B><I>c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;opportunities
included in the issuer&rsquo;s business plan related to ESG matters</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Eletrobras' business strategy was developed
based on the following vision: to be a market benchmark in ESG practices and consolidate its position as a &quot;Green Major&quot;: Eletrobras
as a global leader in creating value with infrastructure and renewable, low-emission solutions. These are the premises that determine
the company's management guidelines, which cut across its entire strategy and other Company processes, as well as including its way of
doing business.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">An appropriate socio-environmental management
is essential for the continuity of Eletrobras' operations and value generation model, since Eletrobras' business depends directly on natural
resources and involves impacts and relationships with various communities in the country, including indigenous peoples and traditional
communities. For this reason, the Company operates proactively to reconcile its activities with the preservation of the environment and
respect for people at all stages of its business and transactions, always respecting the highest ethical standards and in compliance with
the relevant legal and regulatory frameworks, as well as with the acts to which Brazil and the companies are signatories.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In order to promote the proper management
of ESG issues, in line with their business strategy, Eletrobras Companies have policies that deal with topics such as compliance, risk
management, social responsibility, the environment, among others. Specifically, the Sustainability Policy establishes guidelines for
actions aimed at the sustainability of the business, contributing to sustainable development. This policy is in the process of being
revised, which included extensive consultation with stakeholders in October 2023.</P>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company's strategic pieces include proposals
to capture opportunities that are appropriate to the current context and to Eletrobras' competitive differentials, focusing on Eletrobras'
future aspiration to be a Green Major. To this end, guidelines have been created to guide the short, medium and long-term vision, including
the &quot;ESG Reference Guideline&quot;. In 2023, Eletrobras committed to zeroing its net greenhouse gas emissions from all scopes by
2030, with the intention of submitting its NetZero objective for analysis by the SBTI (Science Based Targets Initiative) in 2024. As it
had announced, Eletrobras began divesting from thermoelectric plants, such as Candiota in Rio Grande do Sul, the sale of which was completed
in January 2024.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Eletrobras remains committed to the 2030
Agenda, through nine prioritized SDGs (<I>Objetivos de Desenvolvimento Sustent&aacute;vel </I>- ODS), the results of which are published
in the SDG Notebook.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>

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<P STYLE="font: 11pt/107% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0"><B>2.11.
C</B></FONT><FONT STYLE="font-size: 8pt; line-height: 107%">&nbsp;</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0"><B>omment
on other factors that have had a significant influence on performance that have not been identified or commented on in the other items
in this section</B></FONT></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>Corporate advertising</B></P>

<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Like large corporations that have gone through
the process of capitalization process, Eletrobras focused its institutional advertising activities in 2023 on communicating the company's
repositioning in the market. A Eletrobrasility campaign, launched in May, aimed to show that the energy generated and transmitted by Eletrobras
is present in the daily lives of all Brazilians, reinforcing day-to-day life of all Brazilians, reinforcing the idea that the company,
in its new phase, preserves its Brazilian essence and its work on behalf of the population. Released on free-to-air, closed and connected
TV, the internet, the cinema, airports and street furniture, the campaign ran until August, with a budget of BRL 47 million.</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>Sponsorship</B></P>

<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">In order to reinforce its identification
with attributes related to innovation and sustainability, the highlights of the company's sponsored actions in 2023 were the &quot;Rio
de Janeiro Lights Festival&quot; and &quot;Rio Innovation Week&quot; projects, as well as consolidating its partnership with the UN Global
Compact Brazil Network of the UN Global Compact through its presence at the &quot;SDGs in Brazil&quot;, held in New York and considered
one of the biggest sustainability events in the world. In the sports segment, the Eletrobras Companies Sports Program of Eletrobras Companies
was launched, ensuring the transparent and meritocratic selection of 35 projects with a direct impact on the company's communities of
in 25 Brazilian states, totaling an investment of BRL 16 million, to be disbursed in million, to be disbursed in 2024.</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>Social Responsibility</B></P>

<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The projects selected by the public notices
published in 2023 are being carried out by Eletrobras. New calls for sponsorship, donations and socio-environmental projects are expected
to be launched in 2024.</P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>Social Projects</B></P>

<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The social and socio-environmental projects
selected in Eletrobras calls for proposals carried out in previous years continued, as well as emergency donations and other projects,
totaling BRL 2,158 thousand.</P>

<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">The Volunteer Program began to be restructured,
including a workshop aimed at better adapting to the reality and integrating companies to transform the existing programs into a single
program for the group with strategic guidelines.</P>

<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">It is worth highlighting the Mentoring with
Energy action, carried out in partnership with the Young Apprentice Program and with external partner Instituto FESA CROMA. The virtual
action contributes to the personal and professional growth of mentors and mentees, providing an exchange of regional cultures given the
participation of employees from different regions of the country in territories where Eletrobras companies are located. In 2023, the action
won the Conex&otilde;es que Inspiram award, promoted by the Minas Gerais Volunteer Committee.</P>

<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Eletrobras impacts in some way and relates
to 24 ethnic groups in 45 indigenous lands throughout Brazil, and supports the implementation of various compensation and ethnodevelopment
programs, with a total investment in 2023 of BRL 31,218 thousand</P>



<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 2pt 0 0; text-align: center"><FONT STYLE="font-size: 11pt">SCHEDULE
</FONT>B</P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 2pt 0 6pt; text-align: center">Information required
by Schedule A of CVM Resolution 81 (Allocation of the Company's Net Income)</P>

<P STYLE="font: 11pt/115% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>1.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">Inform the net income for the year</FONT></B></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The net income ascertained
by the Company for the fiscal year ended as of December 31, 2023, was BRL 4,550 million.</P>

<P STYLE="font: 11pt/115% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>2.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">Inform the total amount and the value per share of dividends,
including pre-paid dividends and interest on equity already declared</FONT></B></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In the course of the fiscal
year ended on December 31, 2023 no dividends or interest on equity were declared in advance. Therefore, if the Management Proposal is
approved, the distribution of dividends for the fiscal year that ended on December 31, 2023 will be as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #5B9BD5">
    <TD STYLE="white-space: nowrap; width: 51%; border-top: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>Type and Class</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 24%; border-top: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>BRL<SUP>1</SUP></B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 25%; border-top: #5B9BD5 1pt solid; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>Per share</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DEEAF6">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%"><B>Preferred Class &ldquo;A&rdquo; </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">346,525.49</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">2.43075137906</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%"><B>Preferred Class &ldquo;B&rdquo; </B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">497,885,201.48</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">1.82306353429</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DEEAF6">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%"><B>Preferred Special Class (golden share)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">0.40</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">0.40383021786</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%"><B>Common</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">798,453,749.64</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">0.40383021786</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DEEAF6">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 130%"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">1,296,685,477.01</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><SUP>1</SUP>The unit values of dividends per share disregard treasury shares on March 14, 2024. The Company has a Share Repurchase Program in effect, according to the terms of the material fact disclosed on January 3, 2023. As a result, until the Eletrobras Ordinary and Extraordinary Shareholders' Meeting (&quot;<U>OEGM</U>&quot;) is held, the unit value of dividends may be amended</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify; color: #0070C0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/115% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>3.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">Inform the percentage of net income for the distributed
year </FONT></B></P>

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  <TR STYLE="vertical-align: top; background-color: #5B9BD5">
    <TD STYLE="white-space: nowrap; width: 79%; border-top: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 21%; border-top: #5B9BD5 1pt solid; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>(BRL thousands&sup1;)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DEEAF6">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Net Income in the Fiscal Year</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">4,549,774</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Legal Reserve</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">(227,489)</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DEEAF6">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Adjusted Net Income</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">4,322,285</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Total Dividend to be Distributed</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">1,296,685</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DEEAF6">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Percentage of Net Income for the Year Distributed</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">28.50%</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Percentage of Adjusted Net Income for the Year Distributed</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: right; color: #404040">30%</P>
    <P STYLE="font: 10pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">&nbsp;</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B><SUP>1</SUP><I>Except any percentage</I></B></FONT></TD></TR>
  </TABLE>




<P STYLE="font: 11pt/115% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>4.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">Inform the total amount and the value per share of dividends
distributed based on profits from previous years</FONT></B></P>


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<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify">Not applicable. The distribution
of dividends as proposed herein, regarding the fiscal year the ended on December 31, 2023, is not based on profits from previous fiscal
years.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>5.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">Inform, after deducting the pre-paid dividends and interest
on equity already declared:</FONT></B></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>the gross amount of dividends and interest on equity, segregated per
share of each type and class</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">In
the course of the fiscal year that ended on December 31, 2023, no dividends or interest on equity capital were declared in advance. Therefore,
the gross amount of the dividend to be declared, if the Management Proposal is approved, will occur as follows:</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #5B9BD5">
    <TD STYLE="white-space: nowrap; width: 57%; border-top: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>Type and Class</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 22%; border-top: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>BRL</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 21%; border-top: #5B9BD5 1pt solid; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>Per share</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DEEAF6">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Preferred Class &ldquo;A&rdquo;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">346,525.49</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">2.43075137906</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Preferred Class &ldquo;B&rdquo;</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">497,885,201.48</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">1.82306353429</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DEEAF6">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Preferred Special Class (golden share)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">0.40</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">0.40383021786</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Common</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">798,453,749.64</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">0.40383021786</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DEEAF6">
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">1,296,685,477.01</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><SUP>1</SUP>The unit values of dividends per share disregard treasury shares on March 14, 2024. The Company has a Share Repurchase Program in effect, according to the terms of the material fact disclosed on January 3, 2023. As a result, until the Eletrobras Ordinary and Extraordinary Shareholders' Meeting (&quot;OEGM&quot;) is held, the unit value of dividends may be amended</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">.</FONT></TD></TR>
  </TABLE>



<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>the form and term of payment of dividends and interest on equity </I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify">The dividend payment, if approved, will
be made in cash, deposited in the shareholders' current account, as informed by each shareholder to <B>Ita&uacute; Corretora de Valores
S.A</B>., which is responsible for the bookkeeping of the shares issued by the Company.</P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify">For shareholders whose shares are held in
custody at B3 S.A. - Brasil, Bolsa, Balc&atilde;o (&quot;<U>B3</U>&quot;), payment will be made directly to B3, through its Central Depository,
which will be responsible for forwarding the amounts on to shareholders through the custody agents.</P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify">If approved, the dividends will be paid
within a period of up to 60 days from the date of any approval, to be to be duly disclosed, in compliance with the provisions of article
205, paragraph 3 of the Brazilian Corporate Law.</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>potential incidence of updating and interest on dividends and interest
on equity capital</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify">Dividends will not be monetarily adjusted
(<I>atualizados monetariamente</I>) or compensated between the date of statement date and the date of the actual payment.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">d.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>the date of the declaration of payment of dividends and interest on
equity considered for identification of the shareholders who will be entitled to their receipt.</I></FONT></P>


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<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify">The dividends to be declared <FONT STYLE="color: #404040">at
the OEGM, if approved, will be paid to those shareholders that hold common and preferred class &quot;A&quot;, &quot;B&quot; and special
shares issued by the Company on the date of the OEGM that will deliberate on them.</FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Thus, if the OEGM is held
on the first call (on April 26, 2024), the common shares and preferred shares of classes &quot;A&quot;, &quot;B&quot; and special issued
by the Company will be traded without the right to dividends (ex-dividends) as of April 29, 2024.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>6.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">In the event that there has been a declaration of dividends
or interest on equity based on profits calculated in semiannual balance sheets or in shorter periods</FONT></B></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>to inform the amount of dividends or interest on equity already declared</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">No dividends or interest
on equity were declared based on profits calculated in half-yearly balance sheets or in shorter periods.</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>to inform the date of the respective payments</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Not applicable.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>7.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">Provide a comparative table indicating the following values
per share of each type and class:</FONT></B></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>net income from the fiscal year and from the three</I>&nbsp;<I>(3) previous
fiscal years</I></FONT></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify"><I>&nbsp;</I></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #5B9BD5">
    <TD STYLE="width: 40%; border-top: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>2023</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>2022</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>2021</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-top: #5B9BD5 1pt solid; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>2020</B></FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><I>Net Income (BRL thousand)</I></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">4,549,774</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">3,635,377</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">5,646,141</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">6,338,688</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">Income per common share (BRL)</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">1.98</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">1.83</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">3.54</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">4.06</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">Income per preferred share A (BRL)</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">2.18</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">2.00</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">3.89</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">4.47</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">Income per preferred share B (BRL)</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">2.18</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">2.00</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">3.89</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">4.47</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">b.<I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;dividends
and interest on equity distributed in the previous three (3) fiscal years per share of each type and class</I></P>



<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #5B9BD5">
    <TD STYLE="border-top: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #F2F2F2; line-height: 130%"><B>Dividends (BRL thousand, except for the special class preferred share (golden share))</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: #5B9BD5 1pt solid; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #F2F2F2; line-height: 130%"><B>Fiscal year ended as of December 31</B></FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="width: 50%; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 14%; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; border-right: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>2022</B></FONT></TD>
    <TD STYLE="width: 18%; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; border-right: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>2021</B></FONT></TD>
    <TD STYLE="width: 18%; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; border-right: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>Dividends distributed</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">863,402</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">1,340,958</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">1,507,139</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>Common Share</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">444,975</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">922,531</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">1,216,367</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>Class &quot;A&quot; preferred share</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">293</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">293</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">153</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>Class &quot;B&quot; preferred share</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">418,135</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">418,135</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">290,619</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>Special class preferred share (golden share)</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">0.22</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; background-color: white; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">-</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>Interest on equity distributed</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">-</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">-</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">-</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify; color: #404040">&nbsp;</P>


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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #5B9BD5">
    <TD ROWSPAN="2" STYLE="border-top: #5B9BD5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #F2F2F2; line-height: 130%"><B>Dividend per share (BRL)</B></FONT></TD>
    <TD COLSPAN="3" STYLE="vertical-align: top; border-top: #5B9BD5 1pt solid; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #F2F2F2; line-height: 130%"><B>Fiscal year ended as of December 31,</B></FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>2022</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>2021</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>2020</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 49%; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>Common Share</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; border-right: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">0.22092893755</FONT></TD>
    <TD STYLE="width: 18%; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; border-right: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">0.71578248571</FONT></TD>
    <TD STYLE="width: 18%; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; border-right: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">0.943766775364</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>Class &quot;A&quot; preferred share</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">2.05245833093</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">1.99153557854</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">1.03814345290</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>Class &quot;B&quot; preferred share</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">1.49365168200</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">1.49365168208</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">1.03814345290</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="vertical-align: top; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%"><B>Special class preferred share (golden share)</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">0.22092893755</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">-</FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 130%">-</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">During the periods mentioned
above, no interest on equity was distributed.</P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify">Until June 2021, the dividends paid by the
Company were monetarily adjusted (<I>atualizados monetariamente</I>) or there was remuneration between the date of statement and the date
of actual payment, given that Eletrobras was subject to Decree No. 2,673, of June 16, 1998. Since then, due to the privatization, these
rules are no longer applicable to the Company.</P>

<P STYLE="font: 11pt/115% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>8.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">If there is a profit allocation to the legal reserve</FONT></B></P>



<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>identify the amount allocated to the legal reserve</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The amount proposed for
allocation to the legal reserve for the fiscal year that ended on December 31, 2023, is BRL 227 million, corresponding to 5% of the Company's
net profit for the year.</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 6pt 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>detail how the legal reserve is calculated</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="background-color: #5B9BD5">
    <TD COLSPAN="2" STYLE="border: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>Fiscal year that ended on December 31, 2023 (BRL thousand)</B></FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="width: 83%; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Net Income of the Fiscal Year</B></FONT></TD>
    <TD STYLE="width: 17%; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; border-right: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">4,549,774</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>(-) Legal Reserve (5%)</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">227,489</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Net income of the year adjusted by the constitution of the Legal Reserve</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">4,322,285</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Pursuant to the Brazilian
Corporate Law, 5% of the fiscal year shall be applied before any other allocation, in the constitution of the legal reserve, which shall
not exceed 20% of the capital stock. In the fiscal year in which the balance of the legal reserve plus the amount of capital reserves,
as dealt with in article 182, first paragraph of the Brazilian Corporate Law, exceeds 30% of the capital stock, it shall not be mandatory
to allocate part of the net income for the fiscal year to the legal reserve.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>9.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">If the company has preferred shares entitled to fixed or
minimum dividends</FONT></B></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>describe how the fixed or minimum dividends are calculated</I></FONT></P>

<P STYLE="font: 11pt/115% Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify; color: #404040">As provided in the Company's
Bylaws, the shareholders are entitled to receive a mandatory dividend of twenty-five percent (25%) of the net income for the year, adjusted
under the terms of the Brazilian Corporate Law (&quot;<U>Minimum Dividend</U>&quot;).</P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Minimum Dividend will
be distributed among the Company's shareholders in accordance with the following
conditions:accordance with the following
conditions:</P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(i)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the holders of class &quot;A&quot; preferred shares will have priority
in the distribution of dividends, which will be levied at the rate of 8% per year on the capital belonging to this type and class of shares,
to be apportioned equally among them;</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(ii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">the holders of class &quot;B&quot; preferred shares will have priority
in the distribution of dividends, at the rate of 6% per year, on the capital belonging to this type and class of shares, such dividends
to be apportioned equally among them;</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(iii)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">holders of class &ldquo;A&rdquo; and class &ldquo;B&rdquo; preferred shares
will also be assured participation, on equal conditions with the common shares and with the special class preferred share, in the distribution
of dividends, after the latter have been assured the lowest minimum dividends provided for in items (i) and (ii) above, subject to the
provisions of item (iv) below; and</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">(iv)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">holders of class &quot;A&quot; and class &quot;B&quot; preferred shares
will also be assured the right to receive a dividend, for each share, at least 10% higher than that attributed to each common share.</FONT></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>inform if the fiscal year's profit is sufficient for the full payment
of fixed or minimum dividends</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The net income for the year
is sufficient for the full payment of dividends. In the fiscal year that ended on December 31, 2023, a net income of BRL 4,550 million
was calculated which, after the deduction for the legal reserve (BRL 227 million), totaled an adjusted net income of BRL 4,322 million.</P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In view of the legal and
statutory provisions on mandatory dividends, the portion corresponding to 25% of the adjusted net income for the fiscal year that ended
on December 31, 2023, corresponding to BRL 1,081 million, will be distributed to the company's shareholders as mandatory dividends. In
addition, management proposes the distribution of an additional 5% of net income as an additional dividend, corresponding to BRL 216 million.
As a result, the total distribution of dividends proposed corresponds to 30% of the adjusted net profit for the year ending December 31,
2023, totaling BRL&nbsp;1,297 million, including the portion to be attributed to holders of class &quot;A&quot;, class &quot;B&quot; and
special class preferred shares (golden share).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin-top: 3pt; margin-bottom: 3pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>identify whether any unpaid portion is cumulative</I></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Not applicable, since the
Company's Bylaws do not provide for cumulative dividends.</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">d.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>identify the global amount of fixed or minimum dividends to be paid
to each class of preferred shares</I></FONT></P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #5B9BD5">
    <TD COLSPAN="2" STYLE="border: #5B9BD5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>Calculation of the total of dividends</B></FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="width: 65%; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Class</B></FONT></TD>
    <TD STYLE="width: 35%; border-bottom: #9CC2E5 1pt solid; border-right: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>BRL </B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Preferred Class &ldquo;A&rdquo;</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">346.525,49</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Preferred Class &ldquo;B&rdquo;</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">497.885.201,48</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Special class preferred share (golden share)<SUP>1</SUP></B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">N/A</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD COLSPAN="2" STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><SUP>1</SUP><B>The special class preferred share (golden share) does not have fixed or minimum dividends set in the Bylaws and is remunerated as a common share.</B></FONT></TD></TR>
  </TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">e.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>identify the fixed or minimum dividends to be paid per preferred share
of each class</I></FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #5B9BD5">
    <TD COLSPAN="2" STYLE="border: #5B9BD5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>Calculation of dividends per share</B></FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="width: 65%; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Class</B></FONT></TD>
    <TD STYLE="width: 35%; border-bottom: #9CC2E5 1pt solid; border-right: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>BRL/share</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Preferred Class &ldquo;A&rdquo;</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">2,43075137906</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Preferred Class &ldquo;B&rdquo;</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">1,82306353429</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="vertical-align: top; border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Special class preferred share (golden share)<SUP>1</SUP></B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%">N/A</FONT></TD></TR>
  <TR STYLE="background-color: white">
    <TD COLSPAN="2" STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><SUP>1</SUP>The special class preferred share (golden share) does not have fixed or minimum dividends set in the Bylaws and is remunerated as a common share.</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>10.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">In relation the mandatory dividend</FONT></B></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>describe the method of calculation established in the bylaws</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Pursuant to article 50,
item I, of the Company's Bylaws: &quot;After the legal reserve is established, the allocation of the remaining portion of the net income
ascertained at the end of each fiscal year shall be, at the proposal of the Management, submitted to resolution at the Shareholders' Meeting,
observing the following allocation: [...] at least <I>25%&nbsp;(twenty-five percent) of the balance of the net income for the year, obtained
after the deduction of the legal reserve referred to in the main section of this article. Moreover, it is observed the detailed in the
answer to item 9, sub-item &quot;a&quot;, above</I>.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>inform whether it is being paid in full</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Yes. In the fiscal year
ended on December 31, 2023, a net income of BRL 4,550 million was calculated which, after the deduction for the legal reserve (BRL 227
million), totaled an adjusted net income of BRL 4,322 million.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>inform any amount withheld</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Not applicable.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>11.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">If a mandatory dividend is withheld due to the company's
financial situation</FONT></B></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><I>a. inform the withholding
amount</I></P>


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<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><I>b. describe, in detail,
the company's financial situation, including aspects related to liquidity analysis, working capital and positive cash flows</I></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><I>c. justify the withholding
of dividends</I></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Not applicable.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>12.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">If there is an allocation of earnings to the contingency
reserve</FONT></B></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><I>a. identify the amount
allocated to the reserve</I></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><I>b. identify the loss
considered probable and its cause</I></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><I>c. explain why the loss
was considered likely</I></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><I>d. justify the establishing
of the reserve</I></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Not applicable.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B><I>13.</I></B></FONT><B><I><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;
</FONT></I> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">In case of net income allocation to unrealized earnings
reserve</FONT></B></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><I>a. inform the amount
allocated to the profit reserve to be realized</I></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><I>b. inform the nature
of the unrealized earnings that gave rise to the reserve</I></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Not applicable.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>14.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">If there is an allocation of earnings to statutory reserves</FONT></B></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>describe the clauses from the Bylaws that establish the reserve</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Pursuant to article 50,
item II, of the Company's Bylaws: &quot;<I>After constituting the legal reserve, the allocation of the remaining portion of the net income
calculated at the end of each fiscal year shall be, by proposal of the Management, submitted to the General Assembly for deliberation,
observing the following allocation: [...] up to 75%&nbsp;(seventy-five percent) of the net income balance for the year shall be allocated
to the reserve for investments, with the purpose of ensuring the maintenance and development of the activities that comprise the Company's
corporate purpose, whose accumulated balance may not exceed 75%&nbsp;(seventy-five percent) of the paid-in capital stock.</I>&rdquo;</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>identify the amount destined to reserve</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Considering the regulation
described in item 'a' above, the Board of Directors proposes that the amount of BRL 3,026 million, equivalent to 66.50% of the net profit
for the year, be allocated to the Statutory Investment Reserve.</P>


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<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">c.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040"><I>describe how the amount was calculated</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The amount of BRL 3,026
million allocated to the Statutory Investment Reserve corresponds to 66.50% of the net income for the year:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="background-color: #5B9BD5">
    <TD STYLE="width: 82%; border-top: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>Distribution of Results</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: #5B9BD5 1pt solid; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>BRL(thousand)</B></FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Net Income for the fiscal year (LL)</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">4,549,774</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Constitution of Statutory reserve for investments (66.50</B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">% of net income)</FONT></B></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">3,025,599</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #4472C4"><B>15.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt; color: #4472C4">&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #0070C0">If there is withholding of earnings established in capital
budget</FONT></B></P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">a.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>identify the withholding amount</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">As provided for in article
196 of the Brazilian Corporate Law, the Company, by resolution of the Shareholders' Meeting may approve a proposal by its management to
retain a portion of the net income for the year provided for in a capital budget previously approved by it. Accordingly, the Company's
Management proposes that a portion of the accumulated profit equivalent to BRL 373 million be retained, as detailed below in item 15 (b).</P>

<P STYLE="font: 11pt/115% Times New Roman, Times, Serif; margin: 3pt 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif">b.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"><I>provide a copy of the capital budget</I></FONT></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; color: #404040"><I></I></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; color: #404040"><B>Proposed capital budget
for 2024</B></P>

<P STYLE="font: 11pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 10pt; text-align: justify; color: #404040">The Company is suggesting
the payment of BRL 1,297 million in dividends to shareholders and the retention of BRL 373 million, based on article 196 of the Brazilian
Corporate Law. As noted by the management, the Company has a capital budget of BRL&nbsp;6.7 billion, aiming mainly at repaying financial
debts raised in the past for ordinary expenses, highlighting the holding nature of Eletrobras. Therefore, the proposed capital budget
to be approved at the OEGM is as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="background-color: #5B9BD5">
    <TD STYLE="width: 82%; border-top: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; border-left: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>Capital Investments and Revenue Sources</B></FONT></TD>
    <TD STYLE="width: 18%; border-top: #5B9BD5 1pt solid; border-right: #5B9BD5 1pt solid; border-bottom: #5B9BD5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: white; line-height: 130%"><B>BRL (millions)</B></FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Capital Investments</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">6,671</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Revenue Sources</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">8,340</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Operational generation of cash after taxes</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">3,842</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Funds from existing cash and cash equivalents balance</B></FONT></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">4,125</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; border-left: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; color: #404040; line-height: 130%"><B>Profit Retention (article 196 of </B></FONT><B><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">Brazilian Corporate Law)</FONT></B></TD>
    <TD STYLE="border-right: #9CC2E5 1pt solid; border-bottom: #9CC2E5 1pt solid; font: 12pt/130% Calibri, Helvetica, Sans-Serif; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; color: #404040">373</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #0070C0"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #0070C0"><B>16. If there is an allocation of income to
the tax incentive reserve</B></P>


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<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">a. <I>inform the amount allocated to the reserve</I></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">b<I>. explain the nature of the allocation</I></P>

<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">Not applicable<FONT STYLE="color: #0070C0"><B>.</B></FONT></P>


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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 2pt 0 0; text-align: center">SCHEDULE C</P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 2pt 0 6pt; text-align: center">Section 8 of the Company's
Reference Form (detailed information on the compensation of managers and members of advisory committees)</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 0 8pt; text-align: justify; color: #0070C0"><B>8.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Describe
the compensation policy or practice of the board of directors, Executive Officers and non- Executive Officers, fiscal council, statutory
committees, and audit, risk, financial, and compensation committees, addressing the following aspects:</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>a.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;aims
of the compensation policy or practice, informing whether the compensation policy has been formally approved, the body responsible for
its approval, the date of approval and, if the issuer discloses the policy, locations on the World Wide Web where the document may be
consulted</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Until June 17, 2022, the
date on which the privatization of the Company materialized through a capital increase operation with dilution of the controlling public
entity (capitalization or follow-on), the compensation strategy for Eletrobras&rsquo; and its subsidiaries&acute; managers was defined
exclusively by the Secretariat of Coordination and Governance of State-Owned Companies (SEST), whose guidelines were of binding on all
state-owned companies. This is because, until that date, the Company was a federal state-owned company, under the control of the Federal
Government, and had a series of limitations on the setting of the compensation of its managers.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">After the follow-on, the
Company became a corporation without a defined controlling shareholder, which imposed new challenges on management associated with
its transformational process aimed at unlocking numerous value levers associated with its new nature as a private company.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Given this situation, it
was found that the existing management compensation model at the time of privatization was outdated compared to market practices and misaligned
with the Company's goal of attracting and retaining talent and generating sustainable value in the long term, in light of the challenges
related to the transformation of Eletrobras.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">At the Extraordinary General
Meeting (EGM) held on December 22, 2022, the Company presented the new compensation model for its managers (&quot;<U>Compensation Model</U>&quot;
or &quot;<U>Model</U>&quot;), which was based on a study prepared by the specialized consultancy Korn Ferry. At this assembly, shareholders
became aware of the main characteristics of the new short-term executive incentive mechanism through cash bonuses, approved the prospective
review of overall</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">compensation within the period
in effect at the time, and also approved the instruments that make up the new long-term incentives, more specifically the (i) Stock Option
Compensation Plan (&quot;<U>Stock Option Plan</U>&quot;); and the (ii) Restricted Stock Compensation Plan (&quot;<U>Restricted Stock Plan</U>&quot;),
both available for consultation on the Company's investor relations website (<U>https://ri.eletrobras.com</U>) and on the CVM website
(<U>www.cvm.gov.br</U>).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">At the Ordinary General
Meeting (OGM) held on April 27, 2023, shareholders approved the proposal for global compensation of the managers for the period from April
1, 2023, to March 31, 2024, with the guidelines and assumptions of the new Compensation Model approved in the December 2022 assembly being
preserved.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">With remuneration levels
aligned to companies of similar size and sector, the Compensation Model is composed of fixed compensation, benefits, and short and long-term
incentive mechanisms, with the distribution of weights focused primarily on the vision of sustainable value in the long term, aiming at
the solidification of a high-performance, ethical, and sustainable culture, capable of attracting, retaining, and rewarding talent, as
well as ensuring full alignment between the interests of the Company's managers (in addition to other beneficiaries of the Model) and
its shareholders, since:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">it allows the Company to retain
current key professionals and attract new talents, as well as to foster a high-performance culture, by granting long-term incentives conditioned
on the fulfillment of previously established conditions, goals, and triggers in line with the Company's Strategic Plan, serving as a driving
force for unlocking the value levers of capitalization;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">(ii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">enables managers (and other beneficiaries)
to see a direct association between their performance and the capture of a portion of the value related to the appreciation of the Company's
shares compared to the exercise price defined in the Stock Option Plan, whose pricing assumes that the exercise price cannot be lower
than BRL 42.00 (forty-two reais) per share, monetarily updated by the variation of the IPCA from June 10, 2022 (date of the capital increase
operation that resulted in the Company's privatization) until the effective exercise of the option purchase right, and may also be increased
by an additional spread by decision of the Board of Directors. Moreover, according to the administration's proposal for the 2024 OEGM,
in addition to the above, the exercise
price of the options, set in the respective grant contract, cannot be lower than the average price per share of the Company, to be determined
by the Company based on the average closing market price of its common shares traded on B3 S.A. &ndash; Brasil, Bolsa, Balc&atilde;o (ticker:
ELET3), in the 90 trading sessions prior to the grant date of the Options to each Beneficiary (as defined in the Stock Option Plan), weighted
by the trading volume of such common shares;</FONT></TD></TR></TABLE>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">(iii)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">promotes an ethical high-performance
culture, focused on exceeding goals, maximizing the capacity to generate long-term value, and sharing this value with long-term investors.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In this line, the approval
of the Compensation Model for the Company's Managers enabled the Company to execute its initial personnel restructuring, with an emphasis
on building an excellence team of twelve executives who took over the Presidency and the eleven new Executive Vice-Presidencies created
within the framework of the reorganization of the Executive Board of the Company (&quot;<U>Statutory Board</U>&quot;).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">It is the vision of this
management that achieving the desired levels of the management of assets and businesses presupposes, first and foremost, the pursuit of
excellence in people management. And the composition of a team of highly qualified, collaborative, integral, and high-performance executives
is an indispensable prerequisite for the Company to successfully continue its journey towards excellence and a high-performance culture.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">It is also important to
mention that the current Compensation Policy, approved by the Board of Directors on November 24, 2023, is part of a set of initiatives
designed to provide continuous maturation of Eletrobras' corporate governance, marked by its capitalization and privatization process
carried out in 2022, and is based on the principles of transparency and responsibility.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Compensation Policy,
which includes Malus and Clawback clauses, is available for consultation on the Company's investor relations website (<U>https://ri.eletrobras.com</U>)
and on the CVM website (<U>www.cvm.gov.br</U>).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Moreover, for more information
on the Company's Stock Option Plan and Restricted Stock Plan, see items 8.4 and following below.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>b.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;practices
and procedures adopted by the board of directors to define the individual compensation of the board of directors and the Executive Officers,
indicating: i. the issuer's bodies and committees that participate in the decision-making process, identifying how they participate;
ii. criteria and methodology used for setting individual compensation, indicating whether studies are used to verify market practices
and, if so, the comparison criteria and the scope of these studies; and iii. how often and how the board of directors evaluates the adequacy
of the issuer's compensation policy</I></B></P>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I></I></B></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The global or individual
compensation of the Board of Directors and Executive Board is annually set by the General Meeting. In the case of setting global compensation
by the General Meeting, it is up to the Board of Directors to decide on its individual distribution to the members of the Board of Directors
and Executive Board, after a recommendation from the Company's People Committee. The process of defining compensation is calculated based
on market practices and in line with the guidelines and challenges of the Company. Furthermore, the Company's management compensation
plan also considers parameters such as responsibility, time dedicated to the role, competence and reputation of the managers, and the
level of challenges required. To this end, the Company regularly conducts market surveys for verification and monitoring of market practices,
and uses as comparison criteria the compensation model of Brazilian market companies of similar size, values, and challenges to the Company,
especially with companies that have undergone or are in a similar stage of transformation.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Annually in an ordinary
manner, and extraordinarily if necessary (as was the case for the fiscal years 2022 and 2023, given the completion of the capitalization
process), the adherence to what is practiced to the Compensation Model is verified. For this, the Company had the support of Korn Ferry,
a consultancy with recognized expertise and international renown for updating, this year, market practices, as well as the reference market
selected for the development of the Model in 2022.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>c.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;composition
of the compensation, indicating:</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>i. description of
the various elements that constitute the compensation, including, in relation to each of them:</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The managers may have different
compensation components, conditions, and benefits, which will be established according to specifics related to dedicated time, technical knowledge,
experience, tasks, participation in advisory committees, among other characteristics.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The global compensation
of the managers may consist of the following components: (i) fixed compensation; (ii) direct and indirect benefits; (iii) variable compensation
through (a) short-term incentives (STI); and (b) long-term incentives (LTI).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In line with the Compensation
Model adopted by the Company, the management's compensation will be allocated among the components described above as follows: (a) 20%
to 30% allocated as fixed compensation; (b) 25% to 30% for STI; and (c) 50% to 40% for LTI.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B>&#9679;&#9;its objectives
and alignment with the issuer's short, medium and long-term interests</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><B><U>Executive Officers</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><U>The Company adopts the
following forms of compensation for its members of the Statutory Board:</U></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">&bull;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>Salary or pro-labore</B>: members
of the Statutory Board of Eletrobras are entitled to a fixed monthly compensation as direct retribution for performing their role.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">&bull;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>Direct and Indirect Benefits:</B>
members of the Statutory Board of Eletrobras are entitled to direct and indirect benefits aimed at contributing to their quality of life,
which include life insurance and health assistance, also granted to directly compensate members for their role.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">&bull;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>Short-Term Incentive (STI):</B>
members of the Statutory Board of Eletrobras are entitled to compensation based on short-term incentive programs (STI), paid through cash
bonuses. The STI is based on the Company's performance achievement targets, with specific indicators derived from the Company's Strategic
Plan. Thus, it seeks to align the interests of the Statutory Board with the growth and profitability increase of the Company.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; color: #404040">As communicated
in the EGM of December 2022 and the OGM of 2023, the Annual Variable Compensation Program (AVC) for Managers was discontinued in 2023,
having been replaced by the bonus program mentioned above, starting from the fiscal year of 2023.</P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">&bull;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>Long-Term Incentive (LTI):</B>
members of the Statutory Board of Eletrobras are entitled to compensation based on long-term incentive programs (LTI), through the Stock
Option Compensation Plan and the Restricted Stock Compensation Plan.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; color: #404040">As previously
mentioned, the Company believes that compensation based on restricted stocks and stock options is an essential tool for solidifying a
high-performance culture capable of retaining and rewarding its talents, structured to ensure alignment between the interests of the beneficiaries,
the Company, and its shareholders with the sharing of risks and the maximization of medium and long-term investment returns.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; color: #404040">Additionally,
as communicated in the EGM of December 2022 and the OGM of 2023, due to remaining deferred portions, the Stock-Based Compensation program
(with cash settlement) &ndash; &quot;Phantom Shares&quot; (referring to the deferred portions of the AVC program for the fiscal year 2022)
was discontinued in 2023, being replaced by the compensation plans based on Stock Options and Restricted Stocks.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; color: #404040">The conditions,
requirements, regulations, and limits of the Stock Option Compensation Plan and the Restricted Stock Plan were approved in the EGM of
December 2022, with changes proposed in the EGOE of 2024.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">&bull;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>Post-Employment Benefits:</B> members
of the Statutory Board are entitled to post-employment benefits in the form of Company contributions to supplementary pension.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><B><U>Board of Directors</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><U>The Company adopts the
following forms of compensation for its members of the Statutory Board:</U></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">&bull;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>Annual Fixed Compensation:</B>
Members of the Board of Directors of Eletrobras are entitled to fixed monthly compensation as direct retribution for performing their
role. For the fiscal year 2024, regarding participation in statutory or non-statutory advisory committees, members of the Board of Directors
will not receive separate compensation from the remuneration already received for performing their role as members of the Board of Directors.
That is, it is proposed to add to the fixed compensation those values referring to the average compensation previously perceived by a
member of the Board of Directors in the participation of Committees. In any case, it is a change in the calculation methodology, whose
sum remains unchanged, and is based on the premise that a board member must have time and dedication to also act in the Company's advisory
committees, as such role integrates the job description of said administrator. It is worth pointing out that executives who are exceptionally
holding the position of member of the Board of Directors and member of committees of the Company do not perceive any fixed compensation
associated with the performance in the latter position.</FONT></P>
<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"></FONT></P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">&bull;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>Long-Term Incentive (LTI):</B> members
of the Board of Directors are entitled to compensation based on a long-term incentive program (LTI), through the Restricted Stock Plan.
</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; color: #404040">As previously
mentioned, the Company believes that compensation based on stocks is an essential tool for solidifying a high-performance culture capable
of retaining and rewarding its talents and structured to ensure alignment between the interests of the beneficiaries, the Company, and
its shareholders with the maximization of medium and long-term investment returns.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; color: #404040">Regarding LTI,
Board members <U>will only be entitled to Restricted Shares and will not have the right to grant Stock Options</U>. Unlike the transfer
of shares in batches provided for beneficiaries part of the Executive Board, the transfer of ownership of the shares to Board members
will occur in a single batch, only in 2028, if the exercise conditions provided in the Restricted Stock Plan and the respective grant
contracts are met. The three-year lapse counted from the end of the Board member's mandate (to end at the OGM of 2025) was foreseen as
a form of additional governance and risk mitigation to eliminate potential conflicts of interest that Board members may have in administering
the Restricted Stock Plan.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; color: #404040">In this sense,
the adoption of the Restricted Stock Plan for Board members aimed to use a similar model, in the best possible way and without undue burden,
to &quot;Deferred Share Units&quot; adopted in certain international markets (seen as best governance practice for Board grants). Therefore,
it sought to reinforce the long-term mentality and shareholder value generation, since the gains perceived by the administrator will be
entirely linked to the long-term result of the Company from 2028. Thus, if the decision-making, by the Board member during their current
mandate ending at the OGM of 2025, does not favor results from 2028 onwards, there will be a significant loss in the amount of their LTI.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; color: #404040">Due to such
separation, Board members, in line with best market practices, are entitled to Restricted Shares only according to the global value approved
by the general assembly.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; color: #404040">Board members
will have the competence to define goals, triggers, and challenges that will compose the stock option programs within the Stock Option
Plan and restricted shares within the Restricted Stock Plan for other beneficiaries who are not Board members. Therefore, it is intended
that rigorous metrics and financial and/or operational triggers be defined, with the exercise of options only occurring if such results
are met, reinforcing the culture of long-term performance payment.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><B><U>Fiscal Council</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Company does not have
a permanent Fiscal Council.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">&bull;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>Annual Fixed Compensation:</B> When
the Fiscal Council is installed, the annual fixed compensation of the Fiscal Council members will be set by the Assembly that installs
it, observed, for each member of the Fiscal Council in office, the minimum of one-tenth of the average monthly individual fixed compensation
of the members of the Statutory Board, excluding values related to holiday bonus, direct and indirect benefits, representation allowances,
and profit-sharing granted to said members of the Executive Board.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><B><U>Advisory Committees
to the Board of Directors</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Company adopts the following
forms of compensation for external members of Advisory Committees to the Statutory Board of Directors:</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 14.2pt; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif">&bull;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%"><B>Compensation for Participation</B>
in an Advisory Committee to the Board of Directors: Only external members of the Advisory Committees are entitled to fixed monthly compensation
due to participation in each of the Committees, to directly compensate members for the time and efforts dedicated to such function. As
described above, members of the Board of Directors will not perceive additional compensation for acting in committees.</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>&#9679;&#9;their proportion
of total remuneration in the last three (3) financial years</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">According to the table below,
the proportions of each element in the total compensation for the 2023 fiscal year were, approximately:</P>


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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="width: 37%; border: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Compensation Composition</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Non-Executive Officers</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Audit and Statutory Risk Committee</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fixed Monthly Compensation</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Salary or pro-labore</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">53.01%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">100.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">18.42%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 6.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Direct or Indirect Benefits</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.2pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">3.16%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Membership in Committees</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">14.42%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">100.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Other</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Variable Compensation</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Bonus</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">44.17%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Profit Sharing</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Attendance at Meetings</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.2pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Commissions</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.2pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Other</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Post-Employment Benefits</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.2pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">2.56%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Termination of Office</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.69%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Share-Based, including options</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">32.57%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">31.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 0.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">100.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">100.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">100.00%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">100.00%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0.2in 0.15pt 0.2in 0; text-align: justify; color: #404040">According to
the table below, the proportions of each element in the total compensation for the 2022 fiscal year were, approximately:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="width: 37%; border: black 1pt solid; text-align: justify; text-indent: 1.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Compensation Composition</B></FONT></TD>
    <TD STYLE="width: 15%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify; text-indent: 1.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify; text-indent: 1.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify; text-indent: 1.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.9pt; text-align: justify; text-indent: 1.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Non-Executive Officers</B></FONT></TD>
    <TD STYLE="width: 16%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; text-align: justify; text-indent: 1.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Audit and Statutory Risk Committee</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fixed Monthly Compensation</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Salary or pro-labore</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">100.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">100.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">56.19%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 6.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">98.63%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Direct or Indirect Benefits</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.2pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">8.95%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Membership in Committees</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">1.37%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Other</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Variable Compensation</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Bonus</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">20.68%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Profit Sharing</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Attendance at Meetings</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.2pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Commissions</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.2pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Other</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Post-Employment Benefits</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.2pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.45%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Termination of Office</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Share-Based, including options</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4.74%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 0.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>100.00%</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>100.00%</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>100%</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>N.A.</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 5.2pt; padding-left: 5.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>100.00%</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/120% Arial, Helvetica, Sans-Serif; margin: 0.2in 0.15pt 0.2in 0; text-align: justify; color: #404040">According to
the table below, the proportions of each element in the total compensation for the 2021 fiscal year were, approximately:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="width: 37%; border: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Compensation Composition</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify; text-indent: 1.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify; text-indent: 1.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify; text-indent: 1.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify; text-indent: 1.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Non-Executive Officers</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify; text-indent: 1.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Audit and Statutory Risk Committee</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fixed Monthly Compensation</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Salary or pro-labore</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">100.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">100.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">54.48%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.3pt; padding-left: 2.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">100.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Direct or Indirect Benefits</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">12.45%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.15pt; padding-left: 2.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Membership in Committees</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.1pt; padding-left: 2.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Other</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">6.19%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.15pt; padding-left: 2.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD COLSPAN="6" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Variable Compensation</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Bonus</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">8.37%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.15pt; padding-left: 2.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Profit Sharing</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.15pt; padding-left: 2.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Attendance at Meetings</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.1pt; padding-left: 2.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Commissions</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.1pt; padding-left: 2.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Other</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.15pt; padding-left: 2.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Post-Employment Benefits</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">6.77%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.15pt; padding-left: 2.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Termination of Office</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.1pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.15pt; padding-left: 2.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Share-Based, including options</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">11.74%</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.2pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.15pt; padding-left: 2.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00%</FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.15pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>100.00%</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>100.00%</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>100.00%</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>N.A.</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 2.25pt; padding-left: 2.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>100.00%</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0">&#9679;&#9;<B><I>calculation
methodology and adjustment</I></B></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The fixed compensation levels
for the Executive Officers are positioned at the P50 (50th percentile) of the market, and considering the adoption of variable compensation
through short- and long-term incentives based on the Company's goals, triggers, and challenges, the total compensation package was defined
between P75 and P90 (between the 75th and 90th percentiles).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">There isn't a single calculation
and adjustment methodology, but a verification and monitoring, through market surveys, of the Company's levels against market practices
of similarly sized and sector companies.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0">&#9679;&#9; <B><I>Main performance
indicators considered, including, if applicable, indicators related to ESG issues</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The P50 (50th percentile)
of the market will be used, and additionally, by incorporating short- and long-term compensation, the total compensation package was defined
between P75 and P90 (between the 75th and 90th percentiles). <B><U>Therefore, the total package between P75 and P90 will only be achieved
if performance is proportional and directed towards P75 and P90 of the market.</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Short- and long-term incentives
will be based on goals such as profitability, sustainability, excellence, and/or long-term value generation, as well as the Company's
established triggers and challenges in line with its Strategic Plan, so that, if met, and depending on the degree of fulfillment, there
will be corresponding compensation.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Thus, the short- and long-term
incentives reflect, while supporting, the Company's Strategic Plan, which is oriented towards capturing opportunities suitable to the
context and the competitive advantages of Eletrobras, focusing on recalibrating and materializing Eletrobras' aspiration to be a <B>Green
Major</B>: Eletrobras as a global leader in creating value with renewable and low-emission infrastructure and solutions.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In the Company's Strategic
Plan, four guidelines were created to guide this long-term vision:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Transformation and Operational
Resilience &ndash; Lead in offering quality products and services to customers and ensure the safety of our employees, the environment,
and assets;</FONT></TD></TR></TABLE>


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<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">ESG Reference &ndash; Become
a local and international market reference in ESG practices, leading the decarbonization of the economy, seeking excellence in corporate
governance and care for communities;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Innovation and Technology &ndash;
Pursue solutions that ensure business competitiveness, based on the digitalization of operational and corporate processes and adaptability
to new technologies;</FONT></TD></TR></TABLE>

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<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Sustainable Growth &ndash; Grow
sustainably and renewably in Transmission, Generation, and Trading in new geographies, business models, and technologies.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">All these guidelines aim
primarily at Value Creation through maximizing value generation for shareholders, employees, and customers, contributing assertively to
the improvement of the country's business environment (regulation and sector policies).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Strategic Plan also
addresses the following cross-cutting themes:</P>

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<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Climate Management,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Health and Safety,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Maximizing Results,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Minimizing Risks,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Operational and Financial Efficiency,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Efficient Resource Allocation,</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Cultural Change, with a focus
on Value Creation, capitalizing on Capital Allocation Opportunities, and Risk Reduction.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">To measure the strategy's
reach, strategic indicators with goals for 2024 were chosen, such as:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><B><U>Strategic Indicators:</U></B></P>

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<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><U>Health and Safety</U>: Accident
Frequency Rate and Lives Changed (fatalities and permanent disability);</FONT></TD></TR></TABLE>


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<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><U>Value Generation with non-core
assets</U>: Negotiation of SPEs and subsidiaries and Sale of Thermal Plants;</FONT></TD></TR></TABLE>

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<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><U>Trading</U>: Sale margin and
Added value of the trading portfolio;</FONT></TD></TR></TABLE>

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<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><U>Efficient Costs</U>: Recurrent
PMSO Costs;</FONT></TD></TR></TABLE>

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<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><U>Execution of contracted Capex</U>:
Financial return (Reinforcements and Improvement, modernization, and other works);</FONT></TD></TR></TABLE>

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<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><U>Contingency negotiation</U>:
Total amount negotiated, and Discount obtained in negotiations;</FONT></TD></TR></TABLE>

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<TD STYLE="width: 14.2pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><U>Regulatory agenda</U>: Obtaining
additional revenues and refunds (HVDC, RBSE, and RTP);</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Therefore, <U>the Bonus
Program (STI)</U> will support the Company's short-term ambition outlined in the Strategic Plan, so that each previously mentioned indicator
will have a defined and quantified goal, with weights varying according to the role of each Officer. Thus, the higher the short-term performance
that the executive provides for the Company and the shareholders, the greater their bonus.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In turn, the <U>Stock Option
Program (LTI)</U> will support the Company's medium and long-term ambition outlined in the Strategic Plan, where the selected indicator(s)
set in the contract have a defined and quantified goal. Thus, the greater the long-term performance that the executive provides for the
Company and the shareholders, the greater their compensation (either through stock options or the delivery of restricted shares).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Thus, the goals linked to
short- and long-term incentives were built based on the objectives and guidelines outlined above. The goals relate to the company's competitive
intellect, which is why they are not disclosed. In any case, one of the &quot;triggers&quot; for payment of the Stock Option Plan is the
&quot;Total Shareholder Return&quot; indicator.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>ii.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Reasons justifying the composition of the compensation</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The primary purpose of the
compensation model applicable to the Company is to promote the alignment of the Executive Officers' interests with the interests of the Company's shareholders, as
well as to enable the attraction and retention of talent, as the potential gains and risks of the Company's performance will be shared,
which will contribute, in particular, to the development of a high-performance professional culture and to decision-making that favors
long-term results, goal achievement, value creation, and the Company's sustainable growth.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">For this, the composition
of Eletrobras Executive Officers' compensation is set using parameters such as responsibility, time dedicated to the role, competence
and reputation of the Officers, the levels of challenges required, and comparison with similarly sized companies, especially with companies
that have gone through or are in a similar stage of transformation.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Additionally, the Company's
Compensation Model was also built based on the recommendations of the consulting firm Korn Ferry, as well as the premises and guidelines
of the Company's Strategic Plan.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>iii. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
existence of members not compensated by the issuer and the reason for this fact</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Not applicable. All members
of the Executive Officers, the Board of Directors, the Fiscal Committee, and the Statutory Advisory Committees to the Board of Directors
are compensated.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>d.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
The existence of compensation supported by subsidiaries, controlled or direct or indirect controllers</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Not applicable. There is
no compensation or benefit for the members of the Board of Directors, the Fiscal Council, the Executive Officers, and the Advisory Committees
supported by subsidiaries or controlled entities, and the Company does not have direct or indirect controllers.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">If there is compensation
received in a subsidiary/controlled entity, by indication of Eletrobras or in its interest, such values will be deducted from the annual
compensation of the officer received in the Company.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>e. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
existence of any compensation or benefit linked to the occurrence of a particular corporate event, such as the sale of the issuer's controlling
interest</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Not applicable. There is
no compensation or benefit for the members of the Board of Directors, the Fiscal
Council, the Executive Officers, and the Advisory Committees linked to the occurrence of a particular corporate event.</P>







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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.2 In relation to the
compensation recognized in the results of the last three fiscal years and that foreseen for the current fiscal year for the board of directors,
the Executive Officers, and the fiscal council</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #DCDBDC">
    <TD COLSPAN="6" STYLE="border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Total compensation forecast for the current fiscal year ending on 12/31/2024 - Annual values</B></FONT></TD></TR>
  <TR STYLE="background-color: #DCDBDC">
    <TD STYLE="width: 28%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Board of Directors Advisory Committees</B></FONT></TD>
    <TD STYLE="width: 18%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Total number of members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">9.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">12.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">5.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">5.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">31.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Number of paid members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">9.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">12.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">5.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">5.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">31.00</FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Fixed annual compensation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Salary or pro-labore</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">9,300,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">18,180,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">757,500.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">28,237,500.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Direct and indirect benefits</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">1,794,932.28</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">1,794,932.28</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Committee Memberships</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">2,100,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">2,100,000.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Description of other fixed compensation</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Variable Compensation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Bonus</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">29,395,950.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">29,395,950.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Participation in results</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Attendance at meetings</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Commissions</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Description of other variable compensation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Post-employment</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">2,448,690.87</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">2,448,690.87</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Termination of office</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">770,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">770,000.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Share-based, including options<SUP>1</SUP></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">3,919,728.12</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">14,507,463.06</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">18,427,191.18</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Note</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Total compensation</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>13,219,728.12</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>67,097,036.21</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>757,500.00</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>2,100,000.00</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>83,174,264.33</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">&sup1; Regarding the forecast
for the fiscal year 2024, the &quot;stock-based compensation&quot; field considers (i) the 3rd transfer to the Statutory Board within
the framework of the Restricted Stock Plan; (ii) the appropriation of the 2nd half of the value for the Board of Directors within the
framework of the Restricted Stock Plan; and (iii) the estimate of 1/5 of the value of the Stock Option Plan applicable to the Statutory
Board (2nd year of the Program). In the case of Restricted Shares for the Board of Directors, the grant occurred in 2023, but the transfer
of ownership of the shares will only take place in 2028; similarly, in the case of Stock Options for the Statutory Board, the grant occurred
in 2023, but the exercise of the options will occur at a minimum in 3 years, with two other vesting milestones upon reaching the periods
of 4 years and 5 years; Therefore, there is no receipt of the values of Restricted Shares by the Board of Directors, and of Stock Options
by the Executive Board in the fiscal year 2024, but rather, the recognition of the expense in the period..<BR STYLE="clear: both">
</P>


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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Total Compensation for Fiscal Year ending 12/31/2023 - Annual Values</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 35%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 17%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Board of Directors Advisory Committees</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Total number of members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">9,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">9,83</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">5,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">4,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">27,83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Number of paid members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">8,17</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">9,83</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">5,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">4,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">27,00</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Fixed annual compensation</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Salary or pro-labore</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">6,380,498.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">14,665,902.31</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">715,045.43</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">21,761,445.74</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Direct and indirect benefits</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">2,514,359.88</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">2,514,359.88</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Committee Memberships</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">1,735,486.14</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">1,680,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">3,415,486.14</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Description of other fixed compensation</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Variable Compensation</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Bonus</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">35,157,652.99</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">35,157,652.99</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Participation in results</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Attendance at meetings</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Commissions</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Description of other variable compensation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Post-employment</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">2,036,240.02</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">2,036,240.02</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Termination of office</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">550,000,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">550,000.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Share-based, including options*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">3,919,728.12</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">24,674,254.65</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">28,593,982.77</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Note</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The number of members corresponds to the annual average of the number of members of this management body, calculated monthly, as provided in the Of&iacute;cio-Circular /ANUAL-2023-CVM/SEP.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The number of members corresponds to the annual average of the number of members of this management body, calculated monthly, as provided in the Of&iacute;cio-Circular /ANUAL-2023-CVM/SEP.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Total compensation</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>12,035,712.26</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>79,598,409.85</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>715,045.43</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>1,680,000.00</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>94,029,167.54</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">&sup1; Regarding the execution
for the fiscal year 2023, the &quot;stock-based compensation&quot; field considers (i) the 1st transfer to the Statutory Board within
the framework of the Restricted Stock Plan; (ii) the appropriation of the 1st half of the value for the Board of Directors within the
framework of the Restricted Stock Plan; (iii) the estimate of 1/5 of the value of the Stock Option Plan applicable to the Statutory Board
(2nd year of the Program); and (iv) the previously in-force stock-based compensation model, which was discontinued in 2023, of &quot;Phantom
Shares&quot;. In the case of Restricted Shares for the Board of Directors, only the grant occurred in 2023, with the transfer of ownership
of the shares occurring only in 2028; similarly, in the case of Stock Options for the Statutory Board, the grant occurred in 2023, but
the exercise of the options will occur at a minimum in 3 years, with two other vesting milestones upon reaching the periods of 4 years
and 5 years; Therefore, there is no receipt of Restricted Shares by the Board of Directors, and of Stock Options by the Executive Board
between April 2023 and March24, but rather, the recognition of the expense in the period.<BR STYLE="clear: both">
</P>


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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Total Compensation for Fiscal Year ending 12/31/2022 - Annual Values</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 35%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 17%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Board of Directors Advisory Committees</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Total number of members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">9.58</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">6.33</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">4.92</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">5.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">25.83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Number of paid members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">7.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">6.33</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">4.92</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">5.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">23.25</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Fixed annual compensation</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Salary or pro-labore</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">459,824.38</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">4,542,661.99</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">376,226.10</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">1,958,530.80</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">7,337,243.27</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Direct and indirect benefits</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">723,545.97</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">723,545.97</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Committee Memberships</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">27,201.80</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">27,201.80</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Description of other fixed compensation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Variable Compensation</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Bonus</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">1,671,703.65</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">1,671,703.65</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Participation in results</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Attendance at meetings</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Commissions</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Description of other variable compensation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Post-employment</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">764,147.14</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">764,147.14</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Termination of office</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Share-based, including options*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">382,939.69</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">382,939.69</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Note</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The number of members corresponds to the annual average of the number of members of this management body, calculated monthly, as provided in the Of&iacute;cio-Circular /ANUAL-2023-CVM/SEP.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The number of members corresponds to the annual average of the number of members of this management body, calculated monthly, as provided in the Of&iacute;cio-Circular /ANUAL-2023-CVM/SEP. The share-based compensation paid in the fiscal year 2022 occurred under the model known as &quot;Phantom Share&quot;, without delivery of book entry shares.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The number of members corresponds to the annual average of the number of members of this management body, calculated monthly, as provided in the Of&iacute;cio-Circular /ANUAL-2023-CVM/SEP.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The number of members corresponds to the annual average of the number of members of this management body, calculated monthly, as provided in the Of&iacute;cio-Circular /ANUAL-2023-CVM/SEP. According to the compensation model that existed until the end of 2022, three directors were not accounted for, since directors that are members of the Audit and Statutory Risk Committee were compensated throughout the year only for their participation in the Committee.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Total compensation</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>459,824.38</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>8,084,998.45</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>376,226.10</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>1,985,732.60</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>10,906,781.53</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #404040"><B>&nbsp;</B></P>

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  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 100%; border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total Compensation for Fiscal Year ending 12/31/2021 - Annual Values</B></FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 35%; border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 17%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Board of Directors Advisory Committees</B></FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Total number of members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">10.25</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">5.83</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">5.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">4.83</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">25.92</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Number of paid members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">7.42*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">5.83</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">5.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">4.83</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">23.08</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Fixed annual compensation</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Salary or pro-labore</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">489,995.11</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">3,510,603.79</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">326,421.60</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">1,902,676.40</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">6,229,696.90</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Direct and indirect benefits</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">802,357.47</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">802,357.47</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Committee Memberships</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">398,855.46</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">398,855.46</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Description of other fixed compensation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">FGTS</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Variable Compensation</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Bonus</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">539,105.56</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">539,105.56</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Participation in results</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Attendance at meetings</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Commissions</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Description of other variable compensation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Post-employment</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">436,363.19</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">436,363.19</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Termination of office</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Share-based, including options*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">756,459.43</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">756,459.43</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Note</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The number of members corresponds to the annual average of the number of members of this management body, calculated monthly, as provided in the Of&iacute;cio-Circular /ANUAL-2023-CVM/SEP.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The number of members corresponds to the annual average of the number of members of this management body, calculated monthly, as provided in the Of&iacute;cio-Circular /ANUAL-2023-CVM/SEP. The share-based compensation paid in the fiscal year 2021 occurred under the model known as &quot;Phantom Share&quot;, without delivery of book entry shares.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The number of members corresponds to the annual average of the number of members of this management body, calculated monthly, as provided in the Of&iacute;cio-Circular /ANUAL-2023-CVM/SEP. Three directors were not accounted, since directors are members of the Audit and Statutory Risk Committee and were compensated throughout the year only for their participation in the Committee.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>Total compensation</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>489,995.11</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>6,443,744.91</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>326,421.60</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>1,902,676.40</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; background-color: white; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%"><B>9,162,838.02</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.3 Variable Compensation</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Fiscal year to be ended on December 31, 2024 (estimated)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 31%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 17%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Board of Directors Advisory Committees</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total number of members</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">12.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">31.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Number of paid members<SUP>1</SUP></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">12.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">12.00</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DBDBDB">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Bonus</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value under the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Maximum value established in compensation plan<SUP>2</SUP></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">29,395,950</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">29,395,950</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Value foreseen in the compensation plan. if goals are achieved<SUP>2</SUP></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">29,395,950</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">29,395,950</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value under the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Profit share</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value foreseen in the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Maximum value foreseen in the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Value foreseen in the compensation plan. in case goals are achieved</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value foreseen in the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 9.05pt 0 0; text-align: justify; color: #404040"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal year ended as of December 31, 2023</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 31%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 17%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Board of Directors Advisory Committees</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total number of members</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">27.83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Number of paid members<SUP>1</SUP></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DBDBDB">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Bonus</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value under the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Maximum value established in compensation plan<SUP>2</SUP></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">35,157,652.99</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">35,157,653</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Value foreseen in the compensation plan. if goals are achieved<SUP>2</SUP></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">35,157,652.99</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">35,157,653</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value under the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">35,157,652.99</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">35,157,653</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Profit share</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value foreseen in the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Maximum value foreseen in the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Value foreseen in the compensation plan. in case goals are achieved</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value foreseen in the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 9.05pt 0 0; text-align: justify; color: #404040"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal year ended as of December 31, 2022</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 31%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 17%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Board of Directors Advisory Committees</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total number of members</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.58</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">6.33</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4.92</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">25.83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Number of paid members<SUP>1</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">6.33</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">6.33</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DBDBDB">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Bonus</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value under the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Maximum value established in compensation plan<SUP>2</SUP></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">3,575,071.59</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">3,575,071.59</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Value foreseen in the compensation plan. if goals are achieved<SUP>2</SUP></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">3,575,071.59</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">3,575,071.59</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value under the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">1,671,703.65</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">1,671,703.65</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Profit share</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value foreseen in the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 31%; border: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Maximum value foreseen in the compensation plan</FONT></TD>
    <TD STYLE="width: 16%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="width: 13%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="width: 17%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Value foreseen in the compensation plan. in case goals are achieved</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value foreseen in the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0 0 1.55pt; text-align: justify; color: #404040"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal year ended as of December 31, 2021</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 31%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 17%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Board of Directors Advisory Committees</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Total number of members</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">10.25</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.83</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4.83</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">25.92</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Number of paid members<SUP>1</SUP></B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.83</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.83</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DBDBDB">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Bonus</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value under the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Maximum value established in compensation plan<SUP>2</SUP></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">539,105.56</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">539,105.56</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Value foreseen in the compensation plan. if goals are achieved<SUP>2</SUP></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">539,105.56</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">539,105.56</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value under the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">539,105.56</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">539,105.56</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Profit share</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value foreseen in the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Maximum value foreseen in the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">2,116,920.46</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">2,116,920.46</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Value foreseen in the compensation plan. in case goals are achieved</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">2,116,920.46</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">2,116,920.46</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Minimum value foreseen in the compensation plan</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #404040"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.4. Regarding the share-based
compensation plan for the board of directors and statutory management in effect during the last fiscal year and planned for the current
fiscal year, please describe:</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">As a state-owned company,
the members of the Eletrobras Executive Officers were entitled to Annual Variable Compensation (&quot;<U>RVA</U>&quot;) based on the fulfillment
of goals set annually by the Board of Directors and approved by the Secretariat of Coordination and Governance of State-Owned Companies
- SEST- of the Ministry of the Economy. At Eletrobras, since 2019, the payment of the AVR has been made through a share-based instrument,
in the model known as &quot;Phantom Shares&quot;, with no delivery of book-entry shares. The Company's model had a 5-year deferment period,
and included a penalty in the amount receivable if there is a decrease in net income of more than twenty percent in relation to the base
year</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The RVA program was discontinued
in 2023, being replaced by compensation plans based on stock options and restricted shares, under the terms of the Stock Option Plan and
the Restricted Stock Plan, approved by the EGM on December 22, 2022, with proposed amendments to be deliberated at the OEGM on April 26,
2024.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><U>Stock Option Compensation
Plan</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>a) General terms and
conditions</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Stock Option Plan was
implemented by the Company's Board of Directors on February 28, 2023, with the approval of the Stock Option Compensation Program (&quot;<U>Option
Program</U>&quot;). The Option Program provides the terms and conditions for the Company to grant stock purchase options (&quot;<U>Options</U>&quot;
or &quot;<U>Purchase Options</U>&quot;) of its common shares. Subject to the terms and conditions of the Stock Option Plan, the selection
of beneficiaries and the definition of the terms and conditions of the grants will be carried out by the Board of Directors, or, upon
its indication and delegation, by a Company Committee, through the execution of grant contracts with the elected beneficiaries, which
should stipulate the beneficiary's right to exercise the Options to acquire a certain amount of common shares, at a certain price and
within a specified period, according to deadlines, terms, and conditions to be defined by the Company's Board of Directors.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Beneficiaries of the Option
Plan may include the management, employees, collaborators, or service providers of the Company, or its subsidiaries, provided they are
selected by the Company's Board of Directors, after a recommendation from the People Committee, or by a Committee designated for this
purpose.</P>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">It is recorded that Board
members will not be beneficiaries of the Option Plan, as detailed in item 8.2 (c) above.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Option Plan stipulates
that Options will be granted in batches, with the maturity period for the Options of each batch to be exercisable by each beneficiary
being at least (i) 3 years for one-third of the Options; (ii) 4 years for one-third of the Options; and (iii) 5 years for one-third of
the Options.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">On April 26, 2024, at the
Ordinary and Extraordinary General Meeting of the Company, an amendment to the Option Plan is being proposed, to include the possibility
for the Board of Directors, exceptionally in relation to the beneficiaries for whom the Company has approved the grant of Options during
the fiscal year of 2023, to set the initial milestone for the computation of the Options' maturity date prior to the date of the respective
grant contract, but in no case earlier than June 1, 2023, and always after the beneficiary's possession or admission.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Any costs related to the
Stock Option Plan concerning the management, fiscal council members, or committee members will integrate their remuneration package and
will always depend on approval by the General Shareholders' Meeting, as per relevant legislation.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>b) Approval date and
responsible body</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Option Plan was approved
on December 22, 2022, at the Extraordinary General Meeting of the Company, and amendments to the Option Plan are being proposed at the
OEGM of 2024.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Board of Directors will
approve amendments to the Option Program, including to reflect the changes proposed at the OEGM of 2024, if approved.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>c) Maximum number
of covered shares</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The maximum number of shares
to be granted to the beneficiaries of the Option Plan shall not exceed the limit of 1.1% of the Company's total capital stock as of November
21, 2022.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">For the purposes of this
limit, all shares corresponding to options effectively exercised or exercisable by the Beneficiaries are considered, regardless of the
settlement model of that option. Shares corresponding to options that are canceled, lapse, expire, or prescribe, for any reason, will
not be counted for the purposes of the above limit and, therefore, will become available again for future grant under the terms of the
Option Plan.</P>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>d) Maximum number
of options to be granted</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The total number of options
to be granted to the beneficiaries of the Option Plan shall not exceed the limit of 1.1% of the Company's total capital stock as of November
22, 2022, the date of its approval by the Extraordinary General Meeting of the Company.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>e) Conditions for
share acquisition</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The grant of Options under
the Plan and the Option Program necessarily occurs through the execution of Stock Option Grant Contracts between the Company and the beneficiaries,
which may take place at any time while the Option Plan is in effect.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The granted Options will
be divided into at least 3 batches, regarding which the beneficiaries may qualify to, upon meeting the conditions stipulated in the Option
Program and the respective grant contracts, exercise such Options and acquire the shares included in the vested batches.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In addition to the maturity
periods of (i) 3 years for one-third of the Options; (ii) 4 years for one-third of the Options; and (iii) 5 years for one-third of the
Options indicated in item 8.4 (a) above, during which the beneficiary must continue to occupy their respective position in the Company,
vesting conditions will also include the implementation of individual and/or collective conditions and targets. Currently, the targets
to be met are linked to certain total shareholder return parameters.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Within the framework of
the OEGM of 2024, amendments to the Stock Option Plan are being proposed, including the inclusion of the possibility for the Board of
Directors to set the initial milestone for computing the respective maturity periods of batches of Options for beneficiaries whose grant
was approved during the fiscal year of 2023, on a date prior to the date of execution of the respective grant contract.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>f) Criteria for setting
the purchase or exercise price</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Option Plan stipulates
the minimum exercise price per share of BRL 42.00, corresponding to the price practiced in the Company's capital increase within the framework
of the public offering of shares completed on June 10, 2022. In line with the Option Plan, the Option Program approved by the Board of
Directors establishes that the exercise price of the Options will be set in the respective grant contracts but cannot be lower than BRL
42.00 (forty-two reais), to be monetarily updated by the variation of the IPCA/IBGE (National Broad Consumer Price Index, published by
the Brazilian Institute of Geography and Statistics) from June 10, 2022, until the date of exercise of the Options.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The exercise price may also,
at the discretion of the Board of Directors, as provided in the respective grant contracts, be increased by a surcharge (spread). In the
first grants approved in 2023, the exercise price was established based on the minimum price, updated by the variation of the IPCA/IBGE
and added with a pre-fixed interest rate of 5% p.a. (&quot;<U>Spread</U>&quot;).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Within the framework of
the OEGM of 2024, amendments to the Stock Option Plan are being proposed, among them, the specification that the exercise price set in
the contract cannot be fixed at a level lower than the average price per share of the Company, to be determined by the Company based on
the average closing market price of its common shares traded on B3 S.A. &ndash; Brazil, Stock Exchange (ticker: ELET3), in the 90 trading
sessions prior to the grant date of the Options to each Beneficiary, weighted by the trading volume of such common shares, so that there
will be no discount to maintain alignment with shareholders who supported the privatization of Eletrobras.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Board of Directors may
adjust the exercise price for dividends, interest on equity, or earnings distributed by the Company in the period between the grant date
and the option exercise date, as provided in the respective contracts.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>g) Criteria for setting
the acquisition or exercise period</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The options granted under
the Option Plan will become mature, i.e., exercisable, according to the schedules and rules set forth in the corresponding program of
the Option Plan, observing the minimum requirements below, in order to meet the objectives of: (i) retaining the Beneficiaries; and (ii)
generating sustainable long-term value.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Once the grant contract
is signed and the vesting conditions indicated in item (e) above are met, including regarding the maturity period of the granted Options,
the beneficiary may qualify for the exercise of the Options included in the vested batches.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The maximum exercise period
for the Options is 120 days from the date such options become exercisable, that is, after the end of their respective maturity period,
subject to the provision below.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Board may postpone the
exercise of the stock purchase options, in the case of a trading restriction period of the Company's shares, as per Eletrobras' Securities
Trading Policy and prevailing legislation. If the maximum exercise period of the options ends during a trading restriction period, such
period will automatically be extended for 5 days from the end of the trading restriction period.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>h) Settlement method</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The options will be settled
through the delivery of common shares of the Company to the Beneficiaries, either by issuing new shares or transferring shares held in
treasury.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">As stipulated in the Option
Program, once the Options of vested batches are exercised by the beneficiary, the Company may choose to settle such Options by delivering
a quantity of shares calculated according to the formula indicated below, so that there will be no outlay of funds by the beneficiary:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; text-align: center; color: #404040"><IMG SRC="ebr202403256k_013.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 11pt/125% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt"></FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><U>Where</U>:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">N<SUB>shares</SUB>= means
the number of shares to be transferred to the beneficiary;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">P<SUB>liquidation</SUB>
= means the value corresponding to the average price per share of the Company, to be determined by the Company based on the average closing
market price of its common shares traded on B3 S.A. &ndash; Brasil, Stock Exchange (ticker: ELET3), in the 90 (ninety) trading sessions
prior to the date on which the Company has received an exercise notice, weighted by the trading volume of such common shares;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">P<SUB>exercise</SUB> = means
the exercise price of the options; and</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">N<SUB>options</SUB> = means
the number of options included in the respective exercised batch.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">If the Company opts not
to settle as outlined above, the beneficiary must pay the exercise price within 90 days, extendable by decision of the Board of Directors
for an additional 90 days, counted from the receipt of the exercise notice.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">No option will be delivered
to the beneficiary unless all legal and regulatory requirements have been fully met.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>i) Restrictions on
the transfer of shares</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">After the exercise of options
and receipt of the shares by the beneficiary, the beneficiary will be prohibited from transferring such shares for a period of 180 (one
hundred and eighty) days from their respective receipt, defined as the &quot;Lock-up&quot; period.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>j) Criteria and events
that, when verified, will cause the suspension, alteration, or termination of the plan</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Option Plan has a validity
of 3 years and can be terminated or modified at any time by a decision of the General Shareholders' Meeting. As for the Option Program,
the program will remain in effect until all granted Options have been exercised by the beneficiaries or December 22, 2025, whichever occurs
first.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Additionally, in the event
of bankruptcy, dissolution, or liquidation of the Company, the Option Program and the respective grant contracts will be automatically
terminated, with all Option grants lapsing, regardless of whether the respective conditions for exercising the Options have been met,
as well as the rights of the beneficiaries.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Any significant legal change
related to the regulation of stock corporations, open companies, labor legislation, or the tax effects of the Option Plan may lead to
a complete review.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In cases of capital increase
or reduction or other operations that imply a change in the quantity of shares, as well as a change in the class or type of Company shares,
for any reason, it is up to the Board of Directors to evaluate any adjustment in the Option Plan, to avoid losses to the beneficiaries
and the Company.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Moreover, in the case of
stock splits or consolidations or dividends paid by delivering shares, the number
of granted Options will be automatically adjusted, upwards or downwards.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>k) Effects of an administrator's
departure from the issuer's bodies on their rights under the stock-based compensation plan</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">If the beneficiary leaves
the Company or its subsidiary, whether by their own initiative or the Company's, due to poor professional performance identified through
regular evaluation conducted by the Company or another reason, they will lose, from the date of departure, the right to exercise Options
from batches whose maturity dates have not been reached, regardless of whether the targets linked have been met. Regarding Options from
vested batches, whose vesting conditions have been implemented up to the date of departure, the Beneficiary will retain the right to exercise
such Options, as stipulated in the Option Program.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Beneficiary who is dismissed
due to (i) acts constituting just cause under labor legislation, or (ii) violation of legal or regulatory norms, the Company's Bylaws,
Code of Conduct, and other internal rules of the Company, or the Stock Option Grant Contract, will lose all rights under the respective
grant contract, including the right to exercise Options from vested batches that have not yet been exercised.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Board of Directors may
establish criteria for the exercise of options in cases where the maturity period has not been reached in cases: (i) where the beneficiary
has met the respective targets; (ii) in the event of death, incapacity, or retirement.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In the event of the beneficiary's
death or permanent incapacity, the Options from the batch with a maturity date immediately following the respective vacancy event may
be exercised despite not meeting the maturity period, provided that the other conditions stipulated in the contracts are implemented by
the maturity date of the respective batch. In this case, the beneficiary (or their successors) will have the right to exercise a number
of Options calculated proportionally (pro-rata) to the fraction of the maturity period of the respective batch, according to the rules
stipulated in the Option Program.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">It's important to note that
a change in the beneficiary's position within the Company or its subsidiaries, or a transfer of the beneficiary from the Company to one
of its subsidiaries and vice versa, or to any other society, in this case by the Company's interest, is not considered a departure.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><U>Restricted Stock Compensation
Plan</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>a) General terms and
conditions</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Restricted Stock Plan
was implemented by the Company's Board of Directors on January 27, 2023, with the approval of the Restricted Stock Compensation Program
(&quot;<U>Restricted Stock Program</U>&quot;). The Restricted Stock Program outlines the terms and conditions for the Company to grant
its issued shares (&quot;Restricted Shares&quot;).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Subject to the Plan's terms,
the selection of beneficiaries and the definition of the grant terms will be carried out by the Board of Directors, or, upon its indication
and delegation, by a Company Committee. The grant is made through the execution of grant contracts with the elected beneficiaries, which
should stipulate the beneficiary's right to receive a certain number of Restricted Shares, within a specified period, according to deadlines,
terms, and conditions to be defined by the Company's Board of Directors, following the rules stipulated in the Restricted Stock Plan.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Restricted Stock Plan
is intended for the management, employees, collaborators, or service providers of the Company, or its subsidiaries, provided they are
elected by the Company's Board of Directors or by a committee indicated by the Board of Directors for this purpose. Unlike the Option
Plan, members of the Company's Board of Directors are among the beneficiaries of the Restricted Stock Plan.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Except in the case of a
beneficiary member of the Board of Directors, the Restricted Shares will be divided into 5 batches. In the case of a Board member, the
transfer of ownership of the Restricted Shares to the beneficiary will occur in a single batch on April 30, 2028.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The period for granting
Restricted Shares as outlined in the Restricted Stock Plan and the Restricted Stock Program ended on March 31, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">On April 26, 2024, at the
Ordinary and Extraordinary General Meeting of Eletrobras, amendments to the Restricted Stock Plan are being proposed, including, among
others, providing that the Board of Directors may adjust the number of Restricted Shares granted to reflect the economic effects of dividends,
interest on equity, or other earnings, from the grant date until the delivery date of the Restricted Shares.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><B><U>It's important to
emphasize that the Restricted Stock Plan was developed to align long-term performance creation and retain key talents in the context of
privatization, with the possibility of new grants ending in March 2023.</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Company understands
that the mechanism was a successful talent retention strategy, with the approval of the Restricted Stock Plan on December 22, 2022, at
the 184th Extraordinary General Meeting of the Company.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>b) Approval date and
responsible body</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Restricted Stock Plan
was approved on December 22, 2022, at the Extraordinary General Meeting of the Company and was subsequently amended on April 26, 2024,
at the Ordinary and Extraordinary General Meeting of the Company.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Restricted Stock Program
and the base draft of grant contracts were approved at a meeting of the Company's Board of Directors. The Board of Directors may amend
the Restricted Stock Program, including to reflect the changes approved at the OEGM of 2024.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>c) Maximum number
of covered shares</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The total number of Restricted
Shares could not exceed the limit of 0.2% of the Company's total capital stock on the date of its approval, observed, still, the maximum
deadline of March 31, 2023, for the execution of Restricted Stock Grant Contracts.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>d) Maximum number
of options to be granted</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Not applicable, as the Restricted
Stock Plan does not involve the delivery of options.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>e) Conditions for
share acquisition</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The grant of Restricted
Shares was necessarily conducted through the execution of Restricted Stock Grant Contracts between the Company and the beneficiaries,
with the deadline for conducting the grants ending on March 31, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Restricted Shares were
divided into (i) a single batch for Board members, to be delivered on April 30, 2028; and (ii) 5 (five) batches for other beneficiaries,
to be delivered on March 31, 2023, March 31, 2024, March 31, 2025, March 31, 2026, and March 31, 2027. The ownership of the Restricted
Shares included in each batch will only be transferred to the beneficiary if they remain in their position on the respective delivery
dates.</P>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">For beneficiary Board members,
they will only be entitled to receive the Restricted Shares if they fulfill their mandate on the Board of Directors uninterruptedly and
in full, ending at the OGM of 2025 of the Company, except in cases of non-compliance with the role due to death or permanent incapacity.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Restricted Shares will
be delivered <B><U>in a single time frame, namely, on April 30, 2028</U></B>, corresponding to the period of 3 years following the end
of the term of the Board members elected at the Extraordinary General Meeting of the Company held on August 5, 2022.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">However, even if the beneficiary
Board member has completed their term on the Board, they will lose all rights related to the Restricted Shares if, before April 30, 2028:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 35.45pt; text-align: justify; color: #404040">(i) they are
convicted for any act resulting in violation of Federal Law No. 12.846/2013, Federal Law No. 8.429/1992, for crimes against public administration
in the Penal Code, as well as any other legislation against bribery/corruption and money laundering enacted in Brazil;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 35.45pt; text-align: justify; color: #404040">(ii) the Company
identifies damages or losses caused to the Company due to irregular management acts carried out by the beneficiary, as determined in a
General Meeting of the Company; and/or</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0 0.2in 35.45pt; text-align: justify; color: #404040">(iii) they
make any oral or written statement about the Company or any of its subsidiaries, including on social networks, that, as determined by
the Board of Directors: (a) is derogatory, injurious, slanderous, or defamatory; (b) discloses private or confidential information about
the Company's or its subsidiaries' businesses; or (c) leads to a false public perception about the Company or its subsidiaries.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>f) Criteria for setting
the acquisition or exercise price</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Not applicable, as the Restricted
Stock Plan stipulates that, provided all conditions established in the respective grant contracts are met, the Restricted Shares will
be transferred by the Company to the beneficiary at no cost, and therefore, without the payment
of any exercise price.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>g) Criteria for setting
the acquisition or exercise period</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Once the Restricted Stock
Grant Contract is signed and the conditions for receiving the Restricted Shares of vested batches are met, the delivery of the Restricted
Shares will occur fractionally, in equal parts, observing the following timeframes for the beneficiaries, except in the case of a Board
member: March 31, 2023, March 31, 2024, March 31, 2025, March 31, 2026, and March 31, 2027.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">If the Beneficiary is a
Board member and has met the conditions for receiving the Restricted Shares, the transfer of ownership of all Restricted Shares occurs
in a single time frame, namely, on April 30, 2028.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>h) Settlement method</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">There is no provision for
the delivery of stock purchase options. Nevertheless, the Restricted Shares will be delivered to the beneficiaries through the issuance
of new common shares via a capital increase of the Company, within the authorized capital limit, and/or using existing shares held in
treasury.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>i) Restrictions on
the transfer of shares</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The common shares transferred
to the beneficiary do not have a trading restriction period beyond what is already established by legislation, applicable regulations,
and the Company's Securities Trading Policy.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>j) Criteria and events
that, when verified, will result in the suspension, alteration, or termination of the plan</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Restricted Stock Plan
will remain in effect until April 30, 2028, and may be terminated and/or modified at any time by a decision of the General Shareholders'
Meeting.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In the event of bankruptcy,
dissolution, or liquidation of the Company, the Restricted Stock Program and the respective Grant Contracts will be automatically terminated,
with all grants of Restricted Shares lapsing, regardless of whether the respective conditions for receiving the Restricted Shares have
been met, as well as the rights of the beneficiaries.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Moreover, any significant
legal change related to the regulation of stock corporations, open companies,
labor legislation, and/or the tax effects of a stock grant plan may lead to a comprehensive review of the Restricted Stock Plan.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Restricted Stock Program
also establishes that, at the discretion of the Board of Directors, the number of Restricted Shares granted may be adjusted, upwards or
downwards, to reflect share splits or consolidations, as well as share bonuses to shareholders, capital increases of the Company through
the capitalization of reserves, or other types of corporate operations that imply the issuance of shares by the Company.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Within the framework of
the OEGM of 2024, amendments to the Restricted Stock Plan are being proposed, including the inclusion of the possibility for the Board
of Directors to also make adjustments in the number of Restricted Shares granted to each beneficiary <B><U>in order to reflect the economic
impact of potential dividends, interest on equity, or earnings in the period between the grant date and the transfer of share ownership.</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><I>k) Effects of an administrator's
departure from the issuer's bodies on their rights under the stock-based compensation plan</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The beneficiary, if they
leave the Company or its subsidiary, whether by their own initiative or the Company's, due to poor professional performance identified
through regular evaluation conducted by the Company, inappropriate ethical-professional conduct, and/or violation of any internal rule
of the Company, will lose, from the date of departure, the right to receive the Restricted Shares whose delivery timeframes are subsequent
to the event.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">A transfer of the beneficiary
from the Company to one of its subsidiaries and vice versa, or to any other society, in this case by the Company's interest, is not considered
a departure.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">As mentioned above, amendments
to the Restricted Stock Plan are being proposed at the OEGM of 2024, allowing for the exceptional cases of death or permanent incapacity
of a beneficiary who is a Board member, for said beneficiary (or their successors) to have the right to receive, on April 30, 2028, a
quantity of Restricted Shares calculated proportionally to the period of the mandate fulfilled by the beneficiary on the Board of Directors,
counted from the date of execution of the respective grant contract until the event.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In the case above, if the
beneficiary has held the position of both a Board member and an Executive Director of the Company and, as a result, has already received
batches of their Restricted Shares, such Restricted Shares will be deducted from the final quantity to be delivered to the beneficiary.</P>




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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
regard to the stock-based compensation in the form of stock options recognized in the results of the last three fiscal years and that
forecast for the current fiscal year, for the board of directors and statutory management:</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Share-based compensation expected for the current fiscal year (2024)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 48%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 28%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 24%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total No. of members</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">12</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>No. of paid members</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0 </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">12</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Potential dilution if all outstanding options are exercised</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Under the Options Plan, 7,080,200 options were granted to members of the Statutory Executive Board, totaling BRL 46,375,310, which would imply 0.31% potential dilution.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Clarification</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">The members of the Board of Directors are not beneficiaries of the Stock Option Program.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">For the Option Plan over at least 5 years and for all possible beneficiaries, it is possible to grant up to 25,313,506 options, with the total value of the Plan estimated at BRL165,832,959, which would imply 1.1% potential dilution.</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Weighted average exercise price:</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>(i) Of options outstanding at the beginning of the fiscal year</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">In the first grants approved in 2023, the exercise price was established based on the minimum price (BRL 42.00), updated by the IPCA/IBGE variation and plus a pre-fixed interest rate of 5% p.a. (&quot;<U>Spread</U>&quot;).</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>(ii) Of options forfeited and expired during the fiscal year</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>(iii) Of options exercised during the fiscal year</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">&sup1; Fair Value of Options:
(i) BRL 5.11 for year 3; (ii) BRL 6.42 for year 4; and (iii) BRL 8.13 for year 5.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">No new options are planned for
the 2024 fiscal year, given that all the members of the Executive Officers have already had their grants approved. In any case, it should
be noted that for the 2024 fiscal year, 1/5 of the total amount of the Program will be appropriated, or BRL 9,275,062, which refers to
the 2nd year of the Program.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Share-based compensation for the fiscal year ending December 31, 2023</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 48%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 28%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 24%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total No. of members</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>No. of paid members</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Potential dilution if all outstanding options are exercised</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Under the Options Plan, 7,080,200 options were granted to members of the Statutory Executive Board, totaling BRL 46,375,310, which would imply 0.31% potential dilution.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 48%; border: Black 1pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Clarification</B></FONT></TD>
    <TD STYLE="width: 28%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; background-color: #F6F7F7">The members of the Board of Directors are not beneficiaries of the Stock Option Program</FONT></TD>
    <TD STYLE="width: 24%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">For the Option Plan over at least 5 years and for all possible beneficiaries, it is possible to grant up to 25,313,506 options, with the total value of the Plan estimated at BRL 165,832,959, which would imply 1.1% potential dilution.</FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Weighted average exercise price:</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>(i) Of options outstanding at the beginning of the fiscal year</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">In the first grants approved in 2023, the exercise price was established on the basis of the minimum price (BRL 42.00), updated by the IPCA/IBGE variation and plus a pre-fixed interest rate of 5% p.a. (spread).</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>(ii) Of options forfeited and expired during the fiscal year</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>(iii) Of options exercised during the fiscal year</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #404040">&nbsp;</P>

<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #404040">There was no stock-based
compensation in the form of stock options in the fiscal years ended December 31, 2022 and December 31, 2021.</P>

<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #404040">It should be noted that,
for the 2023 fiscal year, 1/5 of the total value of the options granted, or BRL 9,275,062, was appropriated, which refers to the 1st year
of the Program for the Executive Officers. No stock options were granted in the fiscal years ended 2022 and 2021<BR STYLE="clear: both">
</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
relation to each stock option grant made in the last three fiscal years and expected for the current fiscal year, from the board of directors
and statutory management:</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="3" STYLE="border: black 1pt solid; padding-left: 0.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Stock option grants - current fiscal year (2024)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 37%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 22%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-left: 6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 41%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 6.15pt; padding-left: 6.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total No. of members</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 6.1pt; padding-left: 6.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">12</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>No. of paid members</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 6.1pt; padding-left: 6.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">12</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Date of grant</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 6.45pt; padding-left: 6.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Number of options granted</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.25pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 6.45pt; padding-left: 6.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-right: 7.35pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Period in which options become exercisable</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 6.45pt; padding-left: 6.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Maximum deadline for the exercise of options</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 6.45pt; padding-left: 6.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Period of restriction on the transfer of shares received as a result of the exercise of options</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 6.45pt; padding-left: 6.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Fair value of the options on the grant date</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 6.45pt; padding-left: 6.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-right: 7.35pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Multiplication of the number of shares granted by the fair value of the options on the date of the grant</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 6.45pt; padding-left: 6.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">No new grants are planned
for the 2024 fiscal year, given that all the members of the Statutory Board have already had their grants approved. In any case, it should
be noted that for the 2024 fiscal year, 1/5 of the total amount of the Program will be appropriated, or BRL 9,275,062, which refers to
the 2nd year of the Program.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #AEAAAA">
    <TD COLSPAN="3" STYLE="border: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Stock option grants&nbsp;for the fiscal year ending December 31, 2023</B></FONT></TD></TR>
  <TR STYLE="background-color: #AEAAAA">
    <TD STYLE="width: 37%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 22%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-left: 6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 41%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 6.15pt; padding-left: 6.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total No. of members</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 6.1pt; padding-left: 6.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>No. of paid members</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 6.1pt; padding-left: 6.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Date of grant</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 6.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">As of April 2023</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Number of options granted</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.25pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Under the Options Plan, 7,080,200 options were granted to members of the Statutory Executive Board.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-right: 7.35pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Period in which options become exercisable</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">As of the 3rd year, 4th year and 5th year</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Maximum deadline for the exercise of options</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">120 days from the end of the Maturity Period (i.e. at the end of year 3, year 4 and year 5) of each Lot of Options</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Period of restriction on the transfer of shares received as a result of the exercise of options</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">180 days from the respective receipt of each Share</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Fair value of the options on the grant date</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">(i) BRL5.11 for year 3; (i) BRL6.42 for year 4; and (ii) BRL8.13 for year 5.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-right: 7.35pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Multiplication of the number of shares granted by the fair value of the options on the date of the grant</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 13.3pt; padding-left: 14.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">An estimated BRL 46,375,310 was approved for the Statutory Executive Board, to be delivered in shares over 5 years.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">It should be noted that,
for the 2023 fiscal year, 1/5 of the total value of the options granted, or BRL 9,275,062, was appropriated, which refers to the 1st year
of the Program for the Statutory Executive Board. No stock options were granted in the fiscal years ended 2022 and 2021.<BR STYLE="clear: both">
</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
regard to the open options of the board of directors and statutory management at the end of the last fiscal year:</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="vertical-align: top; width: 36%; border: Black 1pt solid; padding-right: 65.8pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 20%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 44%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total No. of members</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>No. of paid members</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Options not yet exercised</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Amount</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 1.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">7,080,200 options were granted to members of the Executive Officers, exercisable from the third year onwards.</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Date they become exercisable</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 1.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">As of the 3rd year, 4th year and 5th year</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Deadline for exercising options</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 1.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">120 days from the end of the Maturity Period (i.e. at the end of year 3, year 4 and year 5) of each Lot of Options</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Restriction period for the transfer of shares</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 1.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">180 days from the respective receipt of each Share</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Weighted average strike price</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 1.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">In the first grants approved in 2023, the exercise price was established on the basis of the minimum price (BRL 42.00), updated by the IPCA/IBGE variation and plus a pre-fixed interest rate of 5% p.a. (spread).</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Fair value of options on the last day of the fiscal year</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-left: 1.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Fair Value of Options at 4.28 for year 3; 6.44 for year 4;
and 8.35 for year 5</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Exercisable options</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Amount</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Date they become exercisable</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Deadline for exercising options</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Restriction period for the transfer of shares</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Weighted average strike price</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Fair value of options on the last day of the fiscal year</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 65.8pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N.A.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #404040">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regarding
the options exercised related to the stock-based compensation of the board of directors and Executive Officers, in the last 3 fiscal years:</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Eletrobras' Board of Directors
and the Executive Officers did not exercise options related to share-based compensation in the fiscal years ended December 31, 2023, 2022
and 2021.</P>


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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regarding
the share-based compensation, in the form of shares to be delivered directly to the beneficiaries, recognized in the results of the last
three fiscal years and the compensation projected for the current fiscal year, for the board of directors and the Executive Officers:</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><U>Annual Variable Compensation
(RVA) </U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Previously, the Company
had the Annual Variable Compensation Program (RVA), which was carried out through a stock-based instrument, known as &quot;Phantom Shares,&quot;
without delivering registered shares to Statutory Directors. Thus, there was no grant of options or delivery of Company-issued shares,
therefore not resulting in dilution to shareholders.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">For the fiscal year ended
on December 31, 2021 (where there were 10.25 members of the Board of Directors, 5.83 members of the Statutory Board, 5 members of the
Fiscal Council, and 4.83 members of Advisory Committees to the Board of Directors acting &ndash; as per item 8.2 above &ndash;, with 5.83
members of the Statutory Board being compensated under the RVA model), the amount paid to directors and former directors within such Phantom
Shares model was BRL756,459.43, and for the fiscal year ended on December 31, 2022, it was BRL382,939.69.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The last RVA Program, RVA
2022, was discontinued in 2023 as reported in the OGM of 2023, having paid BRL1,712,782.54 considering the period ended on December 31,
2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B><U>Restricted Stock Compensation
Plan</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Restricted Stock Plan
was approved by the 184th EGM (Extraordinary General Meeting of the Company on December 22, 2022), so that no restricted shares were delivered
to the respective beneficiaries for the fiscal years ended on December 31, 2022, 2021, and 2020.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">For more information on
the Restricted Stock Plan, see item 8.4 of this Reference Form. <B><U>It is emphasized that the Restricted Stock Compensation Plan was
specifically designed for the granting of awards until March 31, 2023, having ended the possibility of including new beneficiaries.</U></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The table below contains
the forecast of the number of shares to be delivered in the current fiscal year (2024).</P>


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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #AEAAAA">
    <TD COLSPAN="3" STYLE="border: black 1pt solid; padding-left: 8.45pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Shares to be delivered directly to beneficiaries - Expected for the current fiscal year (2024)</B></FONT></TD></TR>
  <TR STYLE="background-color: #AEAAAA">
    <TD STYLE="width: 26%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 31%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-left: 0.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 43%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 0.05pt; padding-left: 0.45pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total No. of members</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">12</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>No. of paid members</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">7</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Potential dilution in the event of all the shares being handed over to the beneficiaries </B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">The beneficiaries of the Board of Directors will only receive the Restricted Shares in 2028.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">Considering the current beneficiaries,
    162,086 Restricted Shares will be transferred in relation to the 3rd transfer, which would imply a potential dilution of 0.007%.</P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">It is worth remembering that these are
    transfers provided for in the grants made in 2023, given that the possibility of granting, as provided for in the Restricted Stock Plan,
    ended in March 2023. In other words, there are no new grants in 2024.</P></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">&sup1; In the case of beneficiaries
who are members of the Board of Directors, the transfer only takes place in 2028, and therefore there will be no receipt of Restricted
Shares in 2024, but rather the appropriation of the expense in the period.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Also, in relation to the
2023 fiscal year, the shares delivered were as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #AEAAAA">
    <TD COLSPAN="3" STYLE="border: black 1pt solid; padding-left: 8.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Shares to be delivered directly to beneficiaries (2023)</B></FONT></TD></TR>
  <TR STYLE="background-color: #AEAAAA">
    <TD STYLE="vertical-align: top; width: 25%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 0.1in; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-left: 0.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 42%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 0.05pt; padding-left: 0.45pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total No. of members</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>No. of paid members</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 0.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.17</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Potential dilution in the event of all the shares being handed over to the beneficiaries &sup2;</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">The beneficiaries of the Board of Directors will only receive the Restricted Shares in 2028.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-left: 1.95pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Considering the beneficiaries, 423,990 restricted shares were transferred in relation to the1st transfer, which would imply a potential dilution of 0.018%.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 4.35pt 0.15pt 0 0; text-align: justify; color: #404040">&sup1; In the case of
beneficiaries who are members of the Board of Directors, the transfer only takes place in 2028, and therefore there was no receipt of
Restricted Shares in 2023, but rather the appropriation of the expense in the period.<BR STYLE="clear: both">
</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.10 In relation to each
stock grant made in the last 3 fiscal years and expected for the current fiscal year, from the board of directors and Executive Officers:</B></P>

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  <TR STYLE="vertical-align: top; background-color: #CFCDCD">
    <TD COLSPAN="3" STYLE="border: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Stock grant predicted for the current fiscal year (2024) &ndash; Restricted Shares</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #AEAAAA">
    <TD STYLE="width: 34%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.3pt; border-right: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors<SUP>1</SUP></B></FONT></TD>
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; padding: 1pt 2.85pt 1pt 3pt; border-right: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total No. of members</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">12</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>No. of paid members</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">7</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Date of Grant</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">March 2023</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">March 2023</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Number of shares granted</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Maximum term for delivery of shares</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Term of restriction on transfer of shares</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Fair value of the shares on the grant date</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1pt 4.8pt 1pt 5.35pt; background-color: #AEAAAA; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Multiplication of the number of shares granted by the fair value of the shares on the grant date</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">No restricted shares will be
granted to beneficiaries in 2024, since the Restricted Share Plan provides for March 31, 2023 as the deadline for granting Restricted
Shares.</P>

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  <TR STYLE="vertical-align: top; background-color: #CFCDCD">
    <TD COLSPAN="3" STYLE="border: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.35pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Stock Grant for the fiscal year ended (2024) &ndash; Restricted Shares</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #AEAAAA">
    <TD STYLE="width: 34%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.3pt; border-right: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors<SUP>1</SUP></B></FONT></TD>
    <TD STYLE="width: 33%; border-bottom: black 1pt solid; padding: 1pt 2.85pt 1pt 3pt; border-right: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total No. of members</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>No. of paid members</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.17</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Date of Grant</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">March 2023</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">March 2023</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Number of shares granted</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Considering the beneficiaries in 2023, up to 242,856 shares in total (1st and only transfer will only take place on 30.04.2028)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Considering the beneficiaries in 2023, up to 2,119,952 shares, with 5 transfers of 423,990 shares)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Maximum term for delivery of shares</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">30.04.2028</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">31.03.2027</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Term of restriction on transfer of shares</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">30.04.2028</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">From the date of delivery (except for legal and regulatory restrictions), the member may transfer their shares on March 31, 2023, March 31, 2024, March 31, 2025, March 31, 2026 e March 31, 2027</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #AEAAAA; padding-top: 1pt; padding-bottom: 1pt; padding-left: 5.35pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Fair value of the shares on the grant date</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL32.28 (market price on March 14, 2023)</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL32.28 (market price on March 14, 2023)</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1pt 4.8pt 1pt 5.35pt; background-color: #AEAAAA; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Multiplication of the number of shares granted by the fair value of the shares on the grant date</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL 7,839,392 for the total number of shares granted until 2028, of which BRL 3,919,728 will be inserted in the period from April 2023 to March 2024, which is the amount corresponding to the first half of the total number of shares, since until March 2024 there would be half of the time left for the Board to fulfill its mandate (April 2025).</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 6.95pt 1pt 6.55pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL 68,432,050 for the total shares granted over 5 years, of which BRL 13,686,410 was inserted in the period April 2023 to March 2024, referring to the 1st transfer.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 4.45pt 0.15pt 0 0; text-align: justify; color: #404040">&sup1; In the case of
the Board of Directors, as indicated in the &quot;maximum deadline for delivery of shares&quot; fields, the transfer of ownership of the
shares will only take place in 2028 and only the grant took place in 2023, so no Restricted Shares will be received this year.</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 4.45pt 0.15pt 0 0; text-align: justify; color: #404040">&nbsp;</P>

<P STYLE="font: 12pt/118% Arial, Helvetica, Sans-Serif; margin: 0 0.15pt 0 0; text-align: justify; color: #404040">No Restricted Shares
were granted to Eletrobras' Board of Directors or Executive Officers in the years ended December 31, 2022 and December 31, 2021, and no
Restricted Shares are expected to be granted in 2024.<BR STYLE="clear: both">
</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.11 Regarding the shares
delivered related to the stock-based compensation of the board of directors and the Executive Officers, in the last 3 fiscal years:</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 96%"><B>Shares delivered - fiscal year ending December 31, 2023</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="width: 58%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%">&nbsp;</TD>
    <TD STYLE="width: 21%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 21%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Executive Officers</B></FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Total No. of members</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">9.83</FONT></TD></TR>
  <TR>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>No. of paid members</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">5.17</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">No of shares</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">1st and only transfer will take place on 30.04.2028</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">423,990 restricted shares, referring to the 1st transfer of restricted shares</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">Weighted average purchase price</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">BRL0.00</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">Weighted average market price of shares acquired</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">BRL33.64</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">Multiplying the total shares acquired by the difference</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">BRL33.64</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/96% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Shares delivered - fiscal year ending December 31, 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="width: 58%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%">&nbsp;</TD>
    <TD STYLE="width: 23%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 19%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Executive Officers</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Total No. of members</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>No. of paid members</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">No of shares</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">Weighted average purchase price</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">Weighted average market price of shares acquired</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">Multiplying the total shares acquired by the difference</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/96% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD COLSPAN="3" STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Shares delivered - fiscal year ending December 31, 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD STYLE="width: 58%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%">&nbsp;</TD>
    <TD STYLE="width: 23%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 19%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Executive Officers</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Total No. of members</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>No. of paid members</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">No of shares</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">Weighted average purchase price</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">Weighted average market price of shares acquired</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #D9D9D9; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">Multiplying the total shares acquired by the difference</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%">N/A</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #404040">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Summarized
description of the information necessary to understand the data disclosed in items 8.5 to 8.11, such as the explanation of the method
of pricing the value of the shares and options, indicating:</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #0070C0"><B><I>a. pricing model</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">While it was a state-owned
entity and prior to the privatization of Eletrobras, the steps for paying RVA (the old compensation model adopted by the Company, discontinued
in 2023) included pricing the &quot;Phantom Shares,&quot; valid for the deferred portions. Accordingly, the following steps were followed:
(i) calculating the average share price of the company considering the last 60 trading sessions of the fiscal year prior to the RVA program,
considering the average of the market prices of ordinary and preferred shares issued by the Company, weighted by the capital weight; (ii)
then, dividing the RVA amount each executive was entitled to by the average share price, to obtain the number of reference shares; (iii)
subsequently, the amount to be paid for each of the deferred portions between Year +2 and Year +5 was calculated through the (a) corresponding
number of reference shares, multiplied by the (b) average share price of the company considering the last 60 trading sessions of the fiscal
year relevant to the deferred portion; in all cases, outlier values from the 60-session sample were excluded, considering a 90% confidence
for the normal distribution.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">With the company privatized
and the approval of the new compensation model on December 22, 2022, Long-term Incentive plans were implemented, embodied in variable
compensation plans based on stock options and restricted shares.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Under the Stock Option Plan,
the exercise price of the options was set at a minimum of BRL42.00, which relates to the pricing of the public offering of shares for
the purpose of the capitalization process, as communicated to the market on June 10, 2022. In the context of the Restricted Stock Plan,
the delivery of shares is carried out by the Company, free of charge, therefore, without an exercise price.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The pricing model used in
the Restricted Stock Plan and the Stock Option Plan was the Black &amp; Scholes model, considering the general characteristics of the
Long-term Incentive plan.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #0070C0"><B><I>b. Data and assumptions
used in the pricing model, including the weighted average share price, exercise price, expected volatility, option life span, expected
dividends, and the risk-free interest rate</I></B></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The Black &amp; Scholes
pricing model roughly uses 6 main assumptions to estimate the value of granted purchase options, namely: (i) share price on the grant
date; (ii) exercise price; (iii) risk-free rate; (iv) expected volatility for the share; (v) expectation of dividend distribution; and
(vi) the term from the grant to the exercise.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The share price was defined
based on the closing price of Eletrobras (ELET3) on the base date of February 28, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The exercise price, in turn,
was defined considering the minimum value of BRL42.00 (which corresponds to the reference price used in the Company's capital increase),
adjusted for the positive variation of the IPCA/IBGE, plus a pre-fixed interest rate (spread) of 5% between the company's capital increase
date and the exercise date.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Regarding volatility, it
was obtained by considering the annualized standard deviation of daily returns of Eletrobras shares (ELET3) and other publicly traded
companies in the Brazilian electric sector.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The expiration terms were
estimated based on the minimum term established in the Stock Option Plan.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The risk-free rate was estimated
based on the future reference curve of DI x Pre from B3, which considers the term structure of interest rates.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Finally, the distribution
of dividends was not considered in the pricing, since the proposal provides that the exercise price will be adjusted for dividend distributions
and JSCP that may impact Eletrobras' future prices.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #0070C0"><B><I>c. Method used and assumptions
made to incorporate the expected effects of early exercise</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Considering that Eletrobras
is a publicly traded company, with daily market prices, and that the option exercise window is only 4 months, the Company considers, for
the purposes of the Stock Option Plan, the exercise price as the share market price on the first day immediately after the vesting period
of the share.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #0070C0"><B><I>d. Method of determining
expected volatility</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Expected volatility was
estimated by considering the annualized standard</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">deviation of daily returns
of Eletrobras shares and other publicly traded companies in the Brazilian electric sector. The time windows used in the volatility readings
coincide with the terms in years between the grant and the expected expiration/exercise date.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #0070C0"><B><I>e. Whether any other option
characteristic was incorporated into the measurement of its fair value</I></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">The expectation of dividend
payment was not considered in the model, since the Stock Option Purchase Plan Approval Proposal provides that the exercise price will
be adjusted for any dividend distributions.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inform
the number of shares, quotas and other securities convertible into shares or quotas, issued, in Brazil or abroad, by the issuer, its direct
or indirect controlling shareholders, controlled companies or companies under common control, which are held by members of the board of
directors, Executive Officers, or fiscal council, grouped per body</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D8D8D8">
    <TD STYLE="width: 30%; border: black 1pt solid; padding-top: 0.05pt; padding-right: 0.15pt; padding-left: 7.9pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="width: 27%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 4.2pt; padding-left: 0.6pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Shares Issuing Company</B></FONT></TD>
    <TD STYLE="width: 22%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.05pt; padding-left: 0.6pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Shares</B></FONT></TD>
    <TD STYLE="width: 21%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 0.05pt; padding-left: 0.55pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Quantity</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-left: 0.55pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Board of Directors</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Company</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Class B Preferred Shares</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4,370,457</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 4.3pt; padding-left: 0.55pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Executive Officers</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Company</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Common Shares</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">2,935</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 4.3pt; padding-left: 0.55pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Executive Officers</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Company</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Common Shares</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">117,511</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 4.3pt; padding-right: 0.05pt; padding-left: 0.55pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black">Fiscal Counsel</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 4.2pt; padding-right: 4.45pt; padding-left: 0.55pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total</B>:</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 0.05pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4,490,903</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #404040">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regarding
the pension plans in effect granted to the members of the board of directors and the Executive Officers, provide the following information:</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D8D8D8">
    <TD COLSPAN="4" STYLE="border: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Current fiscal year (2024)</B></FONT></TD></TR>
  <TR STYLE="background-color: #D8D8D8">
    <TD STYLE="width: 43%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; padding: 1pt 6.85pt 1pt 5.35pt; border-right: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 25%; border-bottom: Black 1pt solid; padding: 1pt 6.85pt 1pt 5.35pt; border-right: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 18%; border-bottom: Black 1pt solid; padding: 1pt 6.85pt 1pt 5.35pt; border-right: Black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 6.85pt 1pt 5.35pt; background-color: #D8D8D8; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>No. of members</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.45pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 6.35pt 1pt 6.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 6.65pt 1pt 6.85pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">18.83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 6.85pt 1pt 5.35pt; background-color: #D8D8D8; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>No. of paid members1</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 6.35pt 1pt 6.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 6.35pt 1pt 6.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.50</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 6.35pt 1pt 6.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.50</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 6.85pt 1pt 5.35pt; background-color: #D8D8D8; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Name of the plan</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Funda&ccedil;&atilde;o Eletrobras de Seguridade Social - Eletrobras CD Plan and CDI</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 6.85pt 1pt 5.35pt; background-color: #D8D8D8; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Number of managers who meet the conditions to retire</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 0.05pt 1pt 0.45pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.45pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Not Available </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.45pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Not Available</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 6.85pt 1pt 5.35pt; background-color: #D8D8D8; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Conditions for early retirement</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 0.05pt 1pt 0.45pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 1pt 9.45pt 1pt 4.35pt; text-align: justify; color: #404040">- Have 60 (sixty)
    months of effective membership as an Eletros participant;</P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 1pt 9.45pt 1pt 4.35pt; text-align: justify; color: #404040">- Be at least 50
    years old for the Eletrobras CD and 45 years old for the CD I</P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 1pt 9.45pt 1pt 4.35pt; text-align: justify; color: #404040">- Have severed their
    employment relationship with the sponsor.</P></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 6.7pt 1pt 6.85pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 6.85pt 1pt 5.35pt; background-color: #D8D8D8; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Updated amount of the contributions accumulated in the pension plan until the closing of the last fiscal year, discounting the portion related to contributions made directly by the managers</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 0.05pt 1pt 0.45pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.45pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL3,181,023.26</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 6.65pt 1pt 6.85pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL3,181,023.26</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 6.85pt 1pt 5.35pt; background-color: #D8D8D8; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total accumulated amount of the contributions made during the last fiscal year, discounting the portion related to contributions made directly by the managers</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 0.05pt 1pt 0.45pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 6.25pt 1pt 6.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL1,221,311.89</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 6.6pt 1pt 6.85pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL&nbsp;1.221.311,89</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding: 1pt 6.85pt 1pt 5.35pt; background-color: #D8D8D8; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Possibility of early redemption and conditions</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 0.05pt 1pt 0.45pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 6.25pt 1pt 6.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">The cancellation of the participant's enrollment, when there is proof of the termination of the employment relationship with the sponsor, whenever this cancellation occurs before the participant is in receipt of the Monthly Income benefit offered by the Plan, will give rise to the right to redemption, in the form of a single payment or in installments at the participant's option, minus the Income Tax due.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 1pt 6.7pt 1pt 6.85pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  </TABLE>




<P STYLE="font: 8pt/120% Arial, Helvetica, Sans-Serif; margin: 6pt 0.15pt 0.2in 0; text-align: justify; color: #404040"><SUP>1 </SUP>Corresponds
to the number of officers and directors, as applicable, linked to the pension plan, in accordance with Circular Letter /ANUAL-2024-CVM/SEP,
and considering the number of participants enrolled in the plan per month.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #D9D9D9">
    <TD COLSPAN="4" STYLE="border: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal year ending 12/31/2023</B></FONT></TD></TR>
  <TR STYLE="background-color: #D9D9D9">
    <TD STYLE="width: 41%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 27%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 18%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>No. of members</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">18.83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>No. of paid members1</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">1.33<SUP>2</SUP></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">1.33</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Name of the plan</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Icatu</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Number of managers who meet the conditions to retire</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Not available</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Not available</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="3" STYLE="width: 41%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040"><B>Conditions for early retirement</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040"><B>Conditions for early retirement</B></P></TD>
    <TD ROWSPAN="3" STYLE="width: 14%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD ROWSPAN="3" STYLE="width: 26%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">- Be at least 50 (fifty) years old;</P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">- Their employment relationship with
    the sponsor has been terminated.</P></TD>
    <TD ROWSPAN="3" STYLE="width: 18%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Updated amount of the contributions accumulated in the pension plan until the closing of the last fiscal year, discounting the portion related to contributions made directly by the managers</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL 617,624.17</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL 617,624.17</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total accumulated amount of the contributions made during the last fiscal year, discounting the portion related to contributions made directly by the managers</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL 617,624.17</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL 617,624.17</FONT></TD>
    </TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Possibility of early redemption and conditions</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">- Redemption while active in the plan:
    penalty rule - loses value identical to the value of the partial redemption - 60-day grace period for the first withdrawal or between
    withdrawals;</P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">- Redemption while disconnected: follows
    vesting rules.</P></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    </TR>
  </TABLE>
<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0.15pt 3pt 0; text-align: justify; color: #404040"><SUP>1</SUP> Corresponds
to the number of officers and directors, as applicable, linked to the pension plan, as set out in Circular Letter /ANUAL-2024-CVM/SEP,
and considering the number of participants enrolled in the plan per month.</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 3pt 0.15pt 3pt 0; text-align: justify; color: #404040"><SUP>2</SUP> The Icatu
Pension Plan began to be offered to the statutory board in November 2023 and the number of remunerated members was calculated by the 12-month
average of the number of participants.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maximum,
minimum and average individual remuneration of the board of directors, the Executive Officers, and the fiscal council:</B></P>

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  <TR STYLE="background-color: gainsboro">
    <TD ROWSPAN="2" STYLE="vertical-align: top; border: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Council</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: gainsboro">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>12/31/2023</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 28%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 1.75pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total number of members</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-right: 1.15pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-right: 1.15pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">6.33</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.83</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.00</FONT></TD>
    <TD STYLE="width: 6%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.58</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">10.25</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.00</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4.92</FONT></TD>
    <TD STYLE="width: 10%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 1.75pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Number of paid members1</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.15pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.83</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.15pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">6.33</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.83</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">8.17</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">7.00</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">7.42</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.00</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4.92</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 1.75pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Amount of the highest individual compensation (Reais)2</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">19,342,394.01</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">1,226,608.08</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">1,027,824.23</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">1,673,270.64</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">65,284.32</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">65,284.32</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">146,403.75</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.3pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">75,859.76</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.3pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">65,284.32</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 1.75pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Amount of the lowest individual compensation (Reais)2</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.15pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4,960,915.75</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">928,300.79</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">821,745.55</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">1,573,274.64</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">65,284.32</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">65,284.32</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">146,403.75</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.3pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">68,045.01</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.3pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">65,284.32</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 1.75pt; text-align: justify; line-height: 96%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 96%"><B>Average amount of individual compensation (Reais)2</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">8,094,753.54</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.2pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">1,277,250.95</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">1,105,273.57</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">1,473,760.68</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">65,689.20</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">66,037.08</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.25pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">143,009.09</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.3pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">76,468.72</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-right: 1.3pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">65,284.32</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt/97% Arial, Helvetica, Sans-Serif; margin: 1.4pt 0 0; text-align: justify; color: #404040">&sup1;For Remuneration
purposes, the sum of all applicable remuneration components for the management and Fiscal Council members was computed: salary or pro-labore,
direct and indirect benefits, short-term incentive (STI), long-term incentive (LTI), post-employment, termination of office, etc. Moreover,
in the case of Restricted Shares for the Board of Directors, the transfer of ownership of the shares will only occur in 2028; similarly,
in the case of Stock Options for the Statutory Board, the exercise of the options will occur at least 3 years after 2023, with two other
vesting milestones reaching the terms of 4 years and 5 years; Therefore, there is no receipt of Restricted Share values by the Board of
Directors, and of Stock Options by the Executive Board for the fiscal year 2024, but rather, the recognition of the expense in the period.</P>

<P STYLE="font: 10pt/97% Arial, Helvetica, Sans-Serif; margin: 1.4pt 0 0; text-align: justify; color: #404040">&nbsp;</P>

<P STYLE="font: 10pt/97% Arial, Helvetica, Sans-Serif; margin: 1.4pt 0 0; text-align: justify; color: #404040">&sup2; For &quot;Highest
Remuneration&quot; (BRL19,342,394.01): This refers to the highest sum of remunerative values paid to a particular director in 2023, among
the sums for each of the directors who received remunerative values in 2023. That is, no individual director received (or had recognized
as expense in the period) more than BRL 19,342,394.01 in 2023. In summary, it concerns the highest remuneration for a specific director,
that is, for an individual.</P>

<P STYLE="font: 10pt/97% Arial, Helvetica, Sans-Serif; margin: 1.4pt 0 0; text-align: justify; color: #404040">&nbsp;</P>

<P STYLE="font: 10pt/97% Arial, Helvetica, Sans-Serif; margin: 1.4pt 0 0; text-align: justify; color: #404040">&sup3; The value of the
lowest individual annual remuneration was determined excluding members of the respective body who had held the position for less than
12 months, as specified in the Circular Letter /ANNUAL-2024-CVM/SEP.</P>

<P STYLE="font: 10pt/97% Arial, Helvetica, Sans-Serif; margin: 1.4pt 0 0; text-align: justify; color: #404040">&nbsp;</P>

<P STYLE="font: 10pt/97% Arial, Helvetica, Sans-Serif; margin: 1.4pt 0 0; text-align: justify; color: #404040">4 For &quot;Average Remuneration
(BRL 8,094,753.54)&quot;: The sum of the remunerative values paid to all directors in 2023 (BRL79,598,409.85) is divided by the number
of compensated directors (9.83), this number being calculated according to the methodology of the Circular Letter/Annual2023-CVM/SEP,
which corresponds to the annual average of the number of members of the said administrative body calculated monthly. In summary, it concerns
the average of the Directorate positions, where a position may have more than one Director. It is noticeable that there are different
bases for &quot;highest remuneration&quot; and &quot;average remuneration&quot; (one that considers directorate positions, and another
that considers each director individually).<BR STYLE="clear: both">
</P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040"><B>Observation</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: gainsboro">
    <TD COLSPAN="2" STYLE="border: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%"><B>Executive Officers</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 9%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.35pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 91%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%">With the approval of the New Compensation Model of the Privatized Eletrobras, the compensation for each of the members of the Executive Officers now observes the adherence to the market. The amount of the lowest individual annual compensation was calculated excluding the members of the respective body who have served in the position for less than twelve months, as provided by Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP. The number of members corresponds to the annual average of the number of members of the management body, calculated monthly, as provided by Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.35pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%"><B>12/31/2022</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 4.25pt 1pt 1.75pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%">With the approval of the New Compensation Model of the Privatized Eletrobras, the compensation for each of the members of the Executive Officers now observes the adherence to the market. The amount of the lowest individual annual compensation was calculated excluding the members of the respective body who have served in the position for less than twelve months, as provided by Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP. The number of members corresponds to the annual average of the number of members of the management body, calculated monthly, as provided by Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.35pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%"><B>12/31/2021</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 4.25pt 1pt 1.75pt; text-align: justify; color: #404040">The amount
    of fees distributed to the members of the Executive Officers is the same for all, except for the five percent increase for the chief executive
    officer in relation to the other members and the fees received by one employee officer.</P>
    <P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 4.25pt 1pt 1.75pt; text-align: justify; color: #404040">The CEO was
    also a member of the board of directors, but the compensation he earned as a member of the Executive Officers was not computed for purposes
    of calculating the compensation of the board of directors and vice-versa, as provided by Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP. However,
    the charges related to his total compensation are considered exclusively in the Executive Officers.</P>
    <P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 4.25pt 1pt 1.75pt; text-align: justify; color: #404040">The amount
    of the lowest individual annual compensation was calculated excluding the members of the respective body who have served in the position
    for less than twelve months, as provided by Of&iacute;cio-Circular /ANUAL-2023-CVM/SEP.</P>
    <P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 4.25pt 1pt 1.75pt; text-align: justify; color: #404040">The number
    of members corresponds to the annual average of the number of members of the management body, calculated monthly, as provided by Of&iacute;cio-Circular
    /ANUAL-2024-CVM/SEP.</P></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0.5pt 0 0; text-align: justify; color: #404040"><B>&nbsp;</B></P>


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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>
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    <TD STYLE="width: 100%; border: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%"><B>Board of Directors</B></FONT></TD></TR>
  </TABLE>

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  <TR>
    <TD STYLE="width: 9%; border: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.35pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 91%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 4.25pt 1pt 1.75pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%">With the approval of the New Compensation Model of Privatized Eletrobras, the compensation for the Board of Directors began to observe adherence to the market. The amount of the Chairman of the Board of Directors is different from the other members of the Board, who receive identical compensation levels, except for the specific compensation for participation in Committees. The amount of the lowest individual annual compensation was calculated excluding the members of the respective body who have served in the position for less than twelve months, as provided by Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP. The number of members corresponds to the annual average of the number of members of the management body, calculated monthly, as provided by Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.35pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%"><B>12/31/2022</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 4.25pt 1pt 1.75pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%">With the approval of the New Compensation Model of Privatized Eletrobras, the compensation for the Board of Directors began to observe adherence to the market. The amount of the Chairman of the Board of Directors is different from the other members of the Board, who receive identical compensation levels, except for the specific compensation for participation in Committees. The amount of the lowest individual annual compensation was calculated excluding the members of the respective body who have served in the position for less than twelve months, as provided by Of&iacute;cio-Circular /ANUAL-2023-CVM/SEP. The number of members corresponds to the annual average of the number of members of the management body, calculated monthly, as provided by Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.35pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%"><B>12/31/2021</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid">
    <P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 4.25pt 1pt 1.75pt; text-align: justify; color: #404040">The amount
    of fees distributed among the members of the Board of Directors is identical for all members.</P>
    <P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 4.25pt 1pt 1.75pt; text-align: justify; color: #404040">The amount
    of the lowest individual annual compensation was calculated excluding the members of the respective body who have served in the position
    for less than twelve months, as provided by Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP.</P>
    <P STYLE="font: 12pt/115% Arial, Helvetica, Sans-Serif; margin: 1pt 4.25pt 1pt 1.75pt; text-align: justify; color: #404040">The number
    of members corresponds to the annual average of the number of members of the management body, calculated monthly, as provided in the Of&iacute;cio-Circular
    /ANUAL-2024-CVM/SEP.</P></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0.5pt 0 0; text-align: justify; color: #404040"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: gainsboro">
    <TD COLSPAN="2" STYLE="border: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%"><B>Fiscal Council</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 9%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.35pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%"><B>12/31/2023</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 91%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 1.75pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%">The amount of fees distributed among the members of the Audit Board is identical for all members. The lowest individual annual remuneration was calculated by excluding members of the respective body who have held office for less than 12 months, in accordance with Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP. The number of members corresponds to the annual average of the number of members of the management body calculated on a monthly basis, in accordance with Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 9%; border: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 1.3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%"><B>12/31/2022</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 91%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 1.75pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%">The amount of fees distributed among the members of the Audit Board is identical for all members. The lowest individual annual remuneration was calculated by excluding members of the respective body who have held office for less than 12 months, in accordance with Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP. The number of members corresponds to the annual average of the number of members of the management body calculated on a monthly basis, in accordance with Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: gainsboro; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.35pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%"><B>12/31/2021</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 1.75pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #404040; line-height: 115%">The amount of fees distributed among the members of the Audit Board is identical for all members. The lowest individual annual remuneration was calculated by excluding members of the respective body who have held office for less than 12 months, in accordance with Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP. The number of members corresponds to the annual average of the number of members of the management body calculated on a monthly basis, in accordance with Of&iacute;cio-Circular /ANUAL-2024-CVM/SEP.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.16 Describe contractual
arrangements, insurance policies or other instruments that structure mechanisms for compensating or indemnifying directors in the event
of removal from office or retirement, indicating the financial consequences for the issuer</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">With regard to remuneration
or compensation mechanisms in the event of removal from office, we would like to inform you that, at the discretion of the Board of Directors,
a monthly payment equivalent to a fixed remuneration is possible, for a period of 12 (twelve) months from the termination of the contract
that, in this case, the executive's duty of non-competition will be applied in return competition by the executive.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In addition, Company does
not have contractual arrangements, insurance policies, or other instruments that structure mechanisms for compensation or indemnification
for the management in case of dismissal from office or retirement.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Ist is noted that Eletrobras,
under article 27 of its Bylaws, ensures the defense of its management in administrative and judicial proceedings, in addition to maintaining
a permanent insurance contract in favor of its management, to protect them from any liability for acts performed in the interest of the
Company during the valid exercise &ndash; and without conflict of interest &ndash; of their office or function.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In compliance with the aforementioned
statutory provision, Eletrobras has contracted (approved by Resolution RES &ndash; 516/2023, of September 12, 2023) a Directors' and Officers'
Liability Insurance (&quot;<U>D&amp;O</U>&quot;) policy, with a total premium value of BRL 10,659,538.37, and valid from 09/14/2023 to
09/14/2024. The D&amp;O also extends coverage to all the management of the Wholly Owned Subsidiaries and to the managers appointed by
Eletrobras in its Controlled and Affiliated companies.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">As an additional protection
mechanism, the Bylaws expressly provide the possibility for the Company to enter into indemnity contracts with its management (article
27, &sect; 3 and following). The rules, requirements, limits, and other conditions for the granting of indemnity are contained in Eletrobras'
Indemnity Policy, published on the Company's website. The maximum and global limit of indemnity as a result of the Indemnity Contracts
under the current Indemnity Policy is BRL 500 million, annually adjusted by the National Broad Consumer Price Index (IPCA), from the approval
of this Policy by the Board of Directors on 11/24/2023.</P>


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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.17.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
regards to the past three fiscal years and the forecast for the current fiscal year, indicate the percentage of total compensation of
each body recognized in the issuer's result referring to members of the board of directors, statutory management or the fiscal council
who are related parties to the direct or indirect controlling shareholders, as defined by the accounting rules that address this matter</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In the fiscal years of 2022
and 2021, all members of the Board of Directors, Statutory Board, and Fiscal Council considered related parties had a relationship with
the Union, the former controller of the Company. Given the completion of the Company's privatization process in July 2022 and the subsequent
absence of a controller since then, this item 8.17 is not applicable to the fiscal year of 2023 and the current fiscal year.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #CFCDCD">
    <TD COLSPAN="5" STYLE="border: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 13.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Compensation Held by Related Parties for the Fiscal Year Ended as of December 31, 2022</B></FONT></TD></TR>
  <TR STYLE="background-color: #CFCDCD">
    <TD STYLE="vertical-align: top; width: 42%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding: 1pt 0.25pt 1pt 0.6pt; border-right: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 18%; border-bottom: black 1pt solid; padding: 1pt 4.95pt 1pt 1.65pt; border-right: black 1pt solid; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Audit and Statutory Risk Committee</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #CFCDCD; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Number of Members</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.25pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9.58</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.25pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">6.33</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4.92</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #CFCDCD; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Number of Members - Part Related to Controlling Shareholders</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.25pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">2.80</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">1.73</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4.42</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1pt 0.15pt 1pt 0.5pt; background-color: #CFCDCD; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Total Compensation Amount of the Body in the Fiscal Year</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL459,824.38</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL8,084,998.45</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL376,226.10</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL1,985,732.60</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #CFCDCD; padding-top: 1pt; padding-right: 4pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Amount of the Total Compensation Allocated to Parties Related to the Controller in the Fiscal Year</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL182,252.07</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL722,292.28</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL224,506.58</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.0</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #CFCDCD; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">% of total Compensation of the body</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">40%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">60%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.35pt 1pt 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0%</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 4.9pt 0 0; text-align: justify; color: #404040">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #CFCDCD">
    <TD COLSPAN="5" STYLE="border: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 13.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Compensation Held by Related Parties for the Fiscal Year Ended as of December 31, 2021</B></FONT></TD></TR>
  <TR STYLE="background-color: #CFCDCD">
    <TD STYLE="vertical-align: top; width: 42%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 11.75pt; text-align: justify; text-indent: 3.95pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 18.25pt; text-align: justify; text-indent: 3.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding: 1pt 0.25pt 1pt 0.6pt; border-right: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 18%; border-bottom: black 1pt solid; padding: 1pt 0.25pt 1pt 0.7pt; border-right: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Audit and Statutory Risk Committee</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #CFCDCD; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Number of Members</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.3pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">10.25</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.83</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5.00</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4.83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #CFCDCD; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Number of Members - Part Related to Controlling Shareholders</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.25pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4.25</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0.75</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">2.17</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #CFCDCD; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify; text-indent: -0.25pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Total Compensation Amount of the Body in the Fiscal Year</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL489,995.11</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL6,443,744.91</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL326,421.60</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL1,902,676.40</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 1pt 4pt 1pt 0.25pt; background-color: #CFCDCD; text-align: justify; text-indent: 0.05pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Amount of the Total Compensation Allocated to Parties Related to the Controller in the Fiscal Year</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL247,536.37</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL317,935.23</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL143,625.48</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; background-color: #CFCDCD; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">% of total Compensation of the body</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">45%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.6pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">40%</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.35pt 1pt 0.7pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0%</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #404040"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.18.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
respect to the past three fiscal years and the forecast for the current fiscal year, please indicate the amounts recognized in the issuer's
income statement as compensation of members of the board of directors, statutory management or the fiscal council, grouped by body, for
any reason other than their position, such as commissions and consulting or advisory services provided</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">There were none in the last
3 fiscal years, and there are no plans in the current fiscal year (2024), of payment of remuneration to members of the Board of Directors,
Statutory Board, Fiscal Council, and the Statutory Audit and Risk Committee of Eletrobras for any reason other than the role they hold
in Eletrobras. All remuneration received at Eletrobras was and will continue to be solely in relation to the position held in Eletrobras.<BR STYLE="clear: both">
</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.19.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With
respect to the past three fiscal years and the forecast for the current fiscal year, indicate the amounts recognized in the result of
direct or indirect controlling companies, companies under common control, and the issuer's subsidiaries, as compensation of members of
the issuer's board of directors, statutory management, or fiscal council, grouped by body, specifying on what basis these amounts were
attributed to these individuals</B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">There were none in the last
3 fiscal years, and there are no plans in the current fiscal year (2024), for any part of the remuneration supported by Eletrobras' subsidiaries,
its direct or indirect controllers, and companies under common control, that have been or may be attributed to the members of the Board
of Directors, the Statutory Board, the Fiscal Council, and the Statutory Audit and Risk Committee, and there was not and there is no forecast
for any case of remuneration by subsidiaries, controllers, or companies under common control due to the exercise of their position at
Eletrobras. Any remuneration received in other companies/organizations was and will continue to be in function of the activities carried
out there.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Additionally, regarding
remuneration received in other companies and/or organizations, the following indicates, for the current year (2024) and for the years
ended on December 31, 2023, 2022, and 2021, the expected remuneration (with respect to 2024) and received (with respect to other years)
by the Management and members of the Fiscal Council, and the Statutory Audit and Risk Committee of Eletrobras, recognized in the results
of Eletrobras' subsidiaries, the direct or indirect controllers of Eletrobras, or companies under common control, not related to holding
a position in the issuer.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In any case, if there is
remuneration received from a subsidiary/controlled entity, by indication of Eletrobras or in its interest, such values will be compensated
from the annual remuneration of the administrator received in the Company.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #BFBFBF">
    <TD COLSPAN="5" STYLE="border: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Year 2024</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D8D8D8">
    <TD STYLE="width: 42%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.25pt; border-right: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #BFBFBF">
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Remuneration received due to the exercise of the position in the Company</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Direct and indirect controllers</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Subsidiaries of the Company</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Company under common control</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #BFBFBF">
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Other remunerations received, specifying on what basis they were awarded</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Direct and indirect controllers</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Subsidiaries of the Company</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Company under common control</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL421,816.80</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL421,816.80</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 1pt 0; text-align: justify; color: #404040">&nbsp;</P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #BFBFBF">
    <TD COLSPAN="5" STYLE="border: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 2.05pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Year 2023</B></FONT></TD></TR>
  <TR STYLE="background-color: #D8D8D8">
    <TD STYLE="width: 42%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 16%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.25pt; border-right: black 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 12%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="vertical-align: top; width: 15%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Remuneration received due to the exercise of the position in the Company</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Direct and indirect controllers</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Subsidiaries of the Company</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Company under common control</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #BFBFBF">
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Other remunerations received, specifying on what basis they were awarded</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Direct and indirect controllers</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Subsidiaries of the Company</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL246,069.36</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL246,069.36</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 3.45pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Company under common control</B></FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.3pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.25pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL421,816.80</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.15pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL421,816.80</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 1pt 0; text-align: justify; color: #404040">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #BFBFBF">
    <TD COLSPAN="5" STYLE="border: black 1pt solid; padding: 1pt 0.4pt 1pt 0.7pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Year 2022</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D8D8D8">
    <TD STYLE="width: 43%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify; text-indent: 21.25pt">&nbsp;</TD>
    <TD STYLE="width: 16%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 3.45pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Remuneration received due to the exercise of the position in the Company</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Direct and indirect controllers</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.35pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.45pt 1pt 0.85pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.3pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.45pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Subsidiaries of the Company</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.35pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.45pt 1pt 0.85pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.3pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.45pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Company under common control</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.35pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.45pt 1pt 0.85pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.3pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.45pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #BFBFBF">
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 3.45pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Other remunerations received, specifying on what basis they were awarded</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Direct and indirect controllers</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.35pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.5pt 1pt 0.85pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.3pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.45pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Subsidiaries of the Company</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.35pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.45pt 1pt 0.85pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL663,995.81</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.3pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.45pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL663,995.81</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Company under common control</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.35pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL196,794.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.35pt 1pt 0.85pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL376,037.56</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.3pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.45pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL572,831.56</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 1pt 0; text-align: justify; color: #404040">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: #BFBFBF">
    <TD COLSPAN="5" STYLE="border: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.45pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Year 2021</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D8D8D8">
    <TD STYLE="width: 42%; border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: black 1pt solid; border-right: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Remuneration received due to the exercise of the position in the Company</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Direct and indirect controllers</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.55pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.5pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.45pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.95pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Subsidiaries of the Company</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.55pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.5pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.45pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.95pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Company under common control</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.55pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.5pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.45pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.95pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #BFBFBF">
    <TD COLSPAN="5" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 3.45pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Other remunerations received, specifying on what basis they were awarded</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Direct and indirect controllers</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.55pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.1pt 1pt 0.5pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.45pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.2pt 1pt 0.95pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Subsidiaries of the Company</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.55pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">N/A</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.05pt 1pt 0.5pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL987,594.27</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.45pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL43,328.40</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.95pt; text-align: justify; line-height: 10.7pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL1,030,922.67</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 6.9pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Company under common control</B></FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.55pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL124,392.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.5pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL285,957.12</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; padding-left: 0.45pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL47,605.44</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 1pt 0.15pt 1pt 0.95pt; text-align: justify; line-height: 10.8pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL457,954.44</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 3.95pt 0 0; text-align: justify; color: #404040">&nbsp;</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify; color: #0070C0"><B>8.20. Supply other information
that the issuer considers relevant </B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">In line with best market
practices (nearly all private companies), the Company now presents to investors a compensation proposal considering the fiscal year coinciding
with the current calendar year, and no longer the period from April 1 of the current year to March 31 of the following year.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">Nonetheless, to promote
the proper transparency to investors, we share below the detailed remuneration of the Management, as per the tables below:</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The amount of Administration
Compensation approved in the OGM of 2023 for the period from April 2023 to March 2024;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The amount of Administration
Compensation realized, considering the period from April 2023 to March 2024;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0.2in; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-family: Symbol; font-size: 12pt">&#183;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Proposed in the EOGM of 2024
for the fiscal year of 2024, considering the calendar year (January 1, 2024, to December 31, 2024).</FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #DCDBDC">
    <TD COLSPAN="6" STYLE="border: Black 1pt solid; padding-right: 3.5pt; padding-bottom: 8pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>Directors' Compensation approved at the OGM 2023)</B></FONT></TD></TR>
  <TR STYLE="background-color: #DCDBDC">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>(Period from April 2023 to March 2024)</B></FONT></TD></TR>
  <TR STYLE="background-color: #DCDBDC">
    <TD STYLE="width: 30%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>Board of Directors Advisory Committees</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Total number of members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">9,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">12,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">5,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">5,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">31,00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Number of paid members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">9,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">12,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">5,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">5,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">31,00</FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>Fixed annual compensation</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Salary or pro-labore</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL6,780,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL18,120,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL755,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL25,655,000.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Direct and indirect benefits</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL1,794,932.28</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL1,497,818.88</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Attendance at committees</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL1,899,924.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL2.100.000,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL3,999,924.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Description of other fixed compensation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>Variable Compensation</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Bonus</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL33,090,329.30</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL33,090,329.30</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Profit Sharing</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Attendance at meetings</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Commissions</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Description of other variable compensation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Post-employment</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL2,083,800.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL2,083,800.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Termination of office</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">0,00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Share-based, including options1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL11,716,106.70</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL28,473,439.08</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">BRL40,189,545.78</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">Note</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>Total Compensation</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>BRL20,396,030.70</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>BRL83,265,387.25</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>BRL755,000.00</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>BRL2,100,000.00</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040; line-height: 115%"><B>BRL106,516,417.95</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 6pt 0 0.2in; text-align: justify; color: #404040">&sup1;Regarding the
forecast for April 2023 to March 2024, the &quot;stock-based compensation&quot; field considers (i) the 2<SUP>nd</SUP> transfer to the
Statutory Board and the appropriation of the 1<SUP>st</SUP> half for the Board of Directors within the framework of the Restricted Stock
Plan approved at the 184<SUP>th</SUP> EGM; (ii) the estimate of 1/5 of the value of the Stock Option Plan, also approved at the 184<SUP>th
</SUP>EGM; and (iii) the previously in-force stock-based compensation model, &quot;Phantom Shares,&quot; which was discontinued in 2023.
In the case of Restricted Shares for the Board of Directors, only the grant occurred in 2023, and the transfer of ownership of the shares
will only take place in 2028; similarly, in the case of the Stock Options for the Statutory Board, the grant occurred in 2023, but the
exercise of the options will take place at a minimum in 3 years, with two other vesting milestones reached at the 4-year and 5-year marks;
Therefore, there is no receipt of Restricted Share values by the Board of Directors, and of Stock Options by the Executive Board between
April 2023 and March 2024, but rather, the expense recognition within the period.</P>
<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 6pt 0 0.2in; text-align: justify; color: #404040"></P>


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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #DCDBDC">
    <TD COLSPAN="6" STYLE="border: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Remuneration of Directors in accordance with the term of office (Proposed 63rd OGM)</B></FONT></TD></TR>
  <TR STYLE="background-color: #DCDBDC">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>(Period from April 2023 to March 2024)</B></FONT></TD></TR>
  <TR STYLE="background-color: #DCDBDC">
    <TD STYLE="width: 34%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 13%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 11%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors Advisory Committees</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Total number of members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9,83</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">27,83</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Number of paid members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">8,17</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9,83</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">4,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">27,00</FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fixed annual compensation</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Salary or pro-labore</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL6,380,498.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL14,665,902.31</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL715,045.43</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL21,761,445.74</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Direct and indirect benefits</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL2,514,359.88</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL2,514,359.88</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Attendance at committees</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL1,735,486.14</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL1,680,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL3,415,486.14</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Description of other fixed compensation</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Variable Compensation</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Bonus</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL35,157,652.99</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL35,157,652.99</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Profit Sharing</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Attendance at meetings</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Commissions</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Other</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Description of other variable compensation</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-&nbsp;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Post-employment</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL2,036,240.02</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL2,036,240.02</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Termination of office</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL550,000.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL550,000.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Share-based, including options1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL3,919,728.12</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL24,674,254.65</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL28,593,982.77</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Note</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">The number of members corresponds to the annual average of the number of members of this management body calculated on a monthly basis, in accordance with Circular Letter/Annual-2024-CVM/SEP.</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total Compensation</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>BRL12,035,712.26</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>BRL79,598,409.85</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>BRL715,045.43</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>BRL1,680,000.00</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>BRL94,029,167.54</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 6pt 0 0.2in; text-align: justify; color: #404040">&sup1; Regarding the
realized compensation, the &quot;stock-based compensation&quot; field considers (i) the 1<SUP>st</SUP> transfer to the Statutory Board
within the framework of the Restricted Stock Plan approved at the 184<SUP>th</SUP> EGM; (ii) the appropriation of the 1<SUP>st</SUP> half
of the value for the Board of Directors under the Restricted Stock Plan approved at the 64<SUP>th</SUP> EGM; (iii) the estimate of 1/5
of the value of the Stock Option Plan, also approved at the 184<SUP>th</SUP> EGM; and (iii) the previously in-force stock-based compensation
model, &quot;Phantom Shares,&quot; which was discontinued in 2023. In the case of Restricted Shares for the Board of Directors, only the
grant occurred in 2023, with the transfer of ownership of the shares happening only in 2028; similarly, for the Stock Options of the Statutory
Board, the grant occurred in 2023, but the exercise of the options will take place at a minimum in 3 years, with two other vesting milestones
reached within the periods of 4 years and 5 years; Therefore, there is no receipt of Restricted Share values by the Board of Directors,
and of Stock Options by the Executive Board between April 2023 and March 2024, but rather, the expense recognition within the period.</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #DCDBDC">
    <TD COLSPAN="6" STYLE="border: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Proposed for the Fiscal Year 2024 (Proposed OEGM 2024)</B></FONT></TD></TR>
  <TR STYLE="background-color: #DCDBDC">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>(Period from January 2024 to December 2024)</B></FONT></TD></TR>
  <TR STYLE="background-color: #DCDBDC">
    <TD STYLE="width: 32%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt">&nbsp;</TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Board of Directors Advisory Committees</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: Black 1pt solid; border-right: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Total number of members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">12,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">31,00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Number of paid members</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">9,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">12,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">5,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">31,00</FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Fixed annual compensation</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Salary or pro-labore</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL9,300,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL18,180,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL757,500.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL28,237,500.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Direct and indirect benefits</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL1,794,932.28</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">0,00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL1,794,932.28</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Attendance at committees</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL2,100,000.00</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL2,100,000.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Description of other fixed compensation</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Variable Compensation</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Bonus</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL29,395,950.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL29,395,950.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Profit Sharing</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 32%; border: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Attendance at meetings</FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="width: 14%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Commissions</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Other</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Description of other variable compensation</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Post-employment</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL2,448,690.87</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL2,448,690.87</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Termination of office</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL770,000.00</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL770,000.00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Share-based, including options1</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL3,919,728.12</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL14,507,463.06</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">BRL18,427,191.18</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">Note</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; background-color: #DCDBDC; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total Compensation</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>BRL13,219,728.12</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>BRL67,097,036.21</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>BRL757,500.00</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>BRL2,100,000.00</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 1pt; padding-bottom: 1pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>BRL83,174,264.33</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 6pt 0 0.2in; text-align: justify; color: #404040">&sup1;Regarding the forecast
for the fiscal year 2024, the &quot;stock-based compensation&quot; field considers (i) the 3<SUP>rd</SUP> transfer under the Restricted
Stock Plan proposed in this EOGM; (ii) the appropriation of the 2<SUP>nd</SUP> half of the value for the Board of Directors under the
Restricted Stock Plan proposed in this EOGM; and (iii) the estimate of 1/5 of the value of the Stock Option Plan, also proposed in this
EOGM. In the case of Restricted Shares for the Board of Directors, only the grant occurred in 2023, and the transfer of ownership of the
shares will only take place in 2028; similarly, in the case of the Stock Options for the Statutory Board, the grant occurred in 2023,
but the exercise of the options will take place at a minimum in 3 years, with two other vesting milestones reached at the 4-year and 5-year
marks; Therefore, there is no receipt of Restricted Share values by the Board of Directors, and of Stock Options by the Executive Board
in the fiscal year 2024, but rather, the expense recognition within the period.</P>


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<P STYLE="font: 8pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #404040">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 2pt 0 6pt; text-align: center">SCHEDULE D</P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 2pt 0 6pt; text-align: center">Historical information
on Management compensation effectively paid compared to approved maximum aggregate compensation at the OGM</P>

<P STYLE="font: 11pt/117% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0.15pt 0.2in 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Segoe UI, Helvetica, Sans-Serif; font-size: 10pt"><B>(a)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Amounts approved in the previous proposal and amounts
actually performed:</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 6pt 0; text-align: justify; color: #404040">Although Eletrobras
will adopt, as of the 2024 OGM, the fiscal year (coinciding with the calendar from January 1 to December 31) as the period of the Compensation
Proposal, we present below a comparison between approved historical maximum aggregate compensation approved for the Management at the
OGM and the effective paid for the period between April 1, 2023, and March 31, 2024, to offer due transparency to the investor.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 6pt 0; text-align: justify; color: #404040">At the Company's Annual
General Meeting held on April 27, 2023, the maximum aggregate compensation of the Company's management for the period between April 1,
2023 and March 31, 2024 <B><U>was approved in the amount of BRL106,516,417.95, while for the same period the amount of BRL94,029,167.54
was effective paid to the management, which corresponds to a variation of -11.7%, as shown in the table below</U></B>:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0.3pt 6pt 0; text-align: justify; color: #404040">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="width: 37%; border-right: white 1pt solid; background-color: gray; padding-top: 0.65pt; padding-right: 0.65pt; padding-left: 0.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>BRL</B></FONT></TD>
    <TD STYLE="width: 24%; border-right: white 1pt solid; background-color: #BFBFBF; padding-top: 0.65pt; padding-right: 0.65pt; padding-left: 0.65pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: white"><B>Approved at OGM/23</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: white"><B>(April 2023 to March 2024)</B></P></TD>
    <TD STYLE="width: 20%; border-right: white 1pt solid; background-color: #BFBFBF; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: white"><B>Effective paid</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: white"><B>(April 2023 to March 2024)</B></P></TD>
    <TD STYLE="width: 19%; border-right: white 1pt solid; background-color: #BFBFBF; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Difference between Approved and Effective paid</B></FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="border-right: white 1pt solid; padding-top: 0.65pt; padding-right: 0.65pt; padding-left: 0.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>(A)</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>(B)</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>(C) = (B)-(A)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-top: 0.65pt; padding-right: 0.65pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Executive Officers&sup1;</B></FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">83,265,387.25 </FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">79,598,409.85 </FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #00B050">-3,666,977.40 </FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: white 1pt solid; background-color: #D9D9D9; padding-top: 0.65pt; padding-right: 0.65pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Board of Directors&sup1;</B></FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">20,396,030.70 </FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">12,035,712.26 </FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #00B050">-8,360,318.44 </FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: white 1pt solid; background-color: #D9D9D9; padding-top: 0.65pt; padding-right: 0.65pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">755,00.00 </FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">715,045.43 </FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #00B050">-39,954.57 </FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: white 1pt solid; background-color: #D9D9D9; padding-top: 0.65pt; padding-right: 0.65pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Board Advisory Committees</B></FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">2,100,000.00 </FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1,680,000.00 </FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #00B050">-420,000.00 </FONT></TD></TR>
  <TR>
    <TD STYLE="border-bottom: white 1pt solid; background-color: #D9D9D9; padding-top: 0.65pt; padding-right: 0.65pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Total</B></FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">106,516,417.95 </FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">94,029,167.54 </FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #00B050">-12,487,250.42 </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/117% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">&sup1;transfer of shares
to the Directors will only take place in April 2028, while the maturity period for the Call Options granted to the CEO and Vice Presidents
is at least three, four and five years from options granted in 2023. Therefore, the values of these items are represented as an expense
appropriation in the period, and there is no actual payment of these estimated values</P>

<P STYLE="font: 11pt/117% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0.15pt 0.2in 0; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Segoe UI, Helvetica, Sans-Serif; font-size: 10pt"><B>(b)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Any differences between the amounts in current Compensation
Proposal and the previous compensation proposal and the information described in Section 8 of the Company's Reference Form (<I>Formul&aacute;rio
de Refer&ecirc;ncia</I>):</FONT></B></P>

<P STYLE="font: 12pt/117% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040">We present the table below
to demonstrate that the proposed amounts for the 2024 OGM are based, with occasional refinements, on the fixed Compensation levels/systems,
Stock Option Plan, Restricted Stock Plan and bonus program approved at the 2023 OGM and the December 2022 EGM.</P>


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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 14%; border-right: white 1pt solid; background-color: gray; padding-top: 0.65pt; padding-right: 0.65pt; padding-left: 0.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Group</B></FONT></TD>
    <TD STYLE="width: 14%; border-bottom: white 1pt solid; border-right: white 1pt solid; background-color: #BFBFBF; padding-top: 0.65pt; padding-right: 0.65pt; padding-left: 0.65pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Component</B></FONT></TD>
    <TD STYLE="width: 16%; border-bottom: white 1pt solid; border-right: white 1pt solid; background-color: #BFBFBF; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: white"><B>Approved at the 2023 EGM from</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: white"><B>(April 2023 to March 2024)</B></P></TD>
    <TD STYLE="width: 17%; border-bottom: white 1pt solid; border-right: white 1pt solid; background-color: #BFBFBF; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: white"><B>Proposed at the 2024 OGM</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: white"><B>(January 2024 to December 2024)</B></P></TD>
    <TD STYLE="width: 16%; border-bottom: white 1pt solid; background-color: #BFBFBF; padding-top: 0.75pt; padding-right: 0.75pt; padding-left: 0.75pt">
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: white"><B>Comparison between</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: white"><B>OGM 2023 and</B></P>
    <P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; color: white"><B>OGM 2024</B></P></TD>
    <TD STYLE="width: 23%; border-left: white 1pt solid; border-bottom: white 1pt solid; background-color: #BFBFBF; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Comments</B></FONT></TD></TR>
  <TR>
    <TD ROWSPAN="7" STYLE="border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-top: 0.65pt; padding-right: 0.65pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Executive Officers</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">No. of Paid Members.</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Up to 12 (1 Chairman and 11 Vice-Chairmen)</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Up to 12 (1 Chairman and 11 Vice-Chairmen)</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Same quantity</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Highest Monthly Fixed Compensation of the Executive Officers</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">BRL300,000</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">BRL300,000</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Same Level</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Average Monthly Fixed Compensation of the Executive Officers</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">BRL110,000</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">BRL110,000</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Same Level</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Annual Variable Compensation (AVC) and &quot;PHANTOM SHARES&quot;</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Up to 12 compensations</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">-</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Program ended in 2023</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">The AVC 2022 (payment in 2023) consisted of a model applicable to state-owned enterprises, which was discontinued in 2023, as reported at the OGM of 2023.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">Short-Term Incentive (STI) &ndash;
    Bonus Program</P>
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">(highest maximum compensation among
    the managers)</P></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Up to 24 compensations</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Up to 24 compensations</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Same Systematics,</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">The values related to the Bonus Program for the fiscal year 2024 are included in the total amount proposed for the OGM of 2024.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Long-Term Incentive (LTI) &ndash; Stock Option Plan&sup1;</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Expected Option to be granted from April 2023, of up to 11,517,645 (total quantity for 5 years), with an estimated total value of BRL75,453,996.00. Therefore, for the period from April 2023 to March 2024, 1/5 of the value, or BRL 15,090,799, was appropriated at the OGM..</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Options effectively granted of 7,080,200 (total quantity for 5 years), with an estimated total value of BRL46,375,310. Therefore, for the fiscal year 2024, 1/5 of the value, or BRL9,275,062, will be appropriated at this OGM, which refers to the 2nd year of the Program, and considers the beneficiaries who remain in the Company.</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Same Systematics, with a reduction in quantity</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid">
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">With the option effectively granted,
    1/5 of the total value of the Program, or BRL 9,275,062, will be appropriated for the OGM of 2024, which refers to the 2nd year of the
    Program.</P>
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">The Beneficiary&rsquo;s dismissal
    or resignation results in the loss to exercise their options. Therefore, there was a reduction in the number of options for executives
    who left the Company.</P></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Long-Term Incentive (LTI) &ndash; Restricted Stock Plan</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Granted rights on March 2023 of up to 1,684,524 restricted shares. The 1st transfer (approved at the 184th EGM) occurred on March 31, 2023, of 336,905 (forecast at the time) restricted shares, and the 2nd transfer on 31.03.2024 (approved at the 63rd OGM), of 336,905 (forecast at the time) restricted shares, at an estimated value of BRL10,875,286.94 (market price of BRL32.28 on March 14, 2023).</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Granted rights on March 2023 of 810,428 restricted shares. Considering the transfer made on March 2023, and the beneficiaries who remain in the Company, the 3rd transfer occurs in 2025, of 162,086 restricted shares, at an estimated value of BRL5,232,123 (maintaining a market price of BRL 32.28 on March 14, 2023).</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Same Systematics, with a reduction in quantity</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid">
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">At the end of March 2023, the possibility
    of including new beneficiaries and making new transfers within the Restricted Stock Plan was concluded. The values related to the restricted
    shares for the 3rd transfer are included in the total amount proposed for the OGM of 2024. The Beneficiary&rsquo;s dismissal or resignation
    results in the loss to exercise their rights. Therefore, there was a reduction in the quantity of restricted shares for executives who
    left the Company.</P>
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">The two Board of Directors members
    who also became Executive Officers transitioned to the specific rules of the Restricted Stock Program for executives, with no accumulation
    of compensation due to the holding of multiple positions. Therefore, the values of their restricted shares are now calculated within this
    group.</P></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="4" STYLE="width: 14%; border-top: white 1pt solid; border-right: white 1pt solid; background-color: #D9D9D9; padding-top: 0.65pt; padding-right: 0.65pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Board of Directors</B></FONT></TD>
    <TD STYLE="width: 14%; border-top: #D9D9D9 1pt solid; border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">No. of Paid Members.</FONT></TD>
    <TD STYLE="width: 16%; border-top: #D9D9D9 1pt solid; border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Up to 9</FONT></TD>
    <TD STYLE="width: 17%; border-top: #D9D9D9 1pt solid; border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Up to&nbsp;9</FONT></TD>
    <TD STYLE="width: 16%; border-top: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Same quantity</FONT></TD>
    <TD STYLE="width: 23%; border-top: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Monthly Fixed Compensation of the Board of Directors (highest compensation of the board members)</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">BRL85,000</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">BRL95,000</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Same Level</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Differentiation in relation to other Board members, in line with market practices.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Average Monthly Fixed Compensation of the Board of Directors (average, excluding the highest compensation of the board members)</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">BRL60.000</P>
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">+</P>
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">Up to BRL 25.000 (participation in
    committees)</P></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">BRL85.000</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Same Levels, different methodology</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">The values related to Committee participations have been integrated into the fixed compensation, in line with market practices, as acting as a Board of Directors member should equally take into account the time and dedication necessary for participation in advisory committees. Moreover, it was considered that each board member already acts, on average, in two committees. It should be noted that executives who are exceptionally holding both a Board of Directors member position and an advisory committee member position do not receive any fixed compensation associated with their role in the latter position.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Long-Term Incentive (&quot;LTI&quot;) - Restricted Stock Plan&sup1;</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Adjustment in Quantity: Transfers of up to 725,905 restricted shares on March, 2023, with a single transfer of the 725,905 shares on April 30, 2028, at an estimated value of BRL23.4 million (market price of BRL32.28 on March 14, 2023)</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Considering the transfers made on March 2023 of 242,856 restricted shares, there will be a single transfer of the 242,856 shares on April 30, 2028, at an estimated value of BRL7,839,392&sup1; (maintaining the market price of BRL32.28 on March 14, 2023).</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Same Systematic, with an adjustment in quantity</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid">
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">For the total amount of the OGM of
    2024, a value of BRL3,919,728 million will be appropriated, corresponding to half of the total shares, since by the end of this OGM's
    period (March 2025), the last half of the mandate period (April 2025) will have been completed. The first half had been appropriated at
    the OGM of 2023.</P>
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">&nbsp;</P>
    <P STYLE="font: 7.5pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">The two Board of Directors members
    who also became Executive Officers transitioned to the specific rules of the Restricted Stock Program aimed at executives, with no accumulation
    of compensation due to the holding of multiple positions. Therefore, the values of their restricted shares are now calculated within the
    mentioned group.</P></TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="border-top: white 1pt solid; border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-top: 0.65pt; padding-right: 0.65pt; padding-left: 0.65pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>Fiscal Council </B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">No. of Paid Members.</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Up to 5</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Up to 5</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Same quantity</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Fixed Monthly Compensation of the Fiscal Council</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">BRL12,583</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">BRL 12,625</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Same Systematics</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">If the Fiscal Council is established, its compensation is calculated based on legal premises (ten percent of the average monthly fixed compensation of the members of the Board of Officers).</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: black"><B>External Members of the Advisory Committees to the Board of Directors</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Fixed Monthly Compensation of External Member of Board Advisory Committees</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">BRL35,000</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">BRL35,000</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; padding-top: 0.75pt; padding-right: 1.5pt; padding-left: 1.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">Same Level</FONT></TD>
    <TD STYLE="border-bottom: #D9D9D9 1pt solid; border-left: white 1pt solid; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt; color: #404040">-</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify; color: #404040">&sup1;The transfer of shares to
the Board of Directors members will only occur in April 2028, and the maturity period for Stock Options for the CEO and Vice-Presidents
has a minimum maturity period of 3, 4, and 5 years. Therefore, in both cases, there is no receipt of the estimated values mentioned for
the fiscal year 2024, but rather, the appropriation of the expense during the period.</P>

<P STYLE="font: 12pt/117% Arial, Helvetica, Sans-Serif; margin: 0.2in 5.7pt 0.2in 0; text-align: justify; color: #404040">Below, for comparison
purposes and transparency to shareholders, we present a table that compares the total maximum compensation of the Company&rsquo;s management
approved at the OGM of 2023 with that Proposed Compensation at the OGM of 2024:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="width: 17%; border-bottom: white 1pt solid; border-right: white 1pt solid; background-color: gray; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Groups</B></FONT></TD>
    <TD STYLE="width: 13%; border-right: white 1pt solid; background-color: #BFBFBF; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 8pt Segoe UI, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center"><B>Approved on</B></P>
    <P STYLE="font: 8pt Segoe UI, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>2023 OGM (Apr23 to Mar24)</B></P></TD>
    <TD STYLE="width: 14%; border-right: white 1pt solid; background-color: #BFBFBF; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 8pt Segoe UI, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center"><B>Proposed on 2024 OGM</B></P>
    <P STYLE="font: 8pt Segoe UI, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>(jan24 to dec24)</B></P></TD>
    <TD ROWSPAN="2" STYLE="width: 12%; border-bottom: white 1pt solid; border-right: white 1pt solid; background-color: #BFBFBF; padding-right: 3.5pt; padding-left: 3.5pt">
    <P STYLE="font: 8pt Segoe UI, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center"><B>Difference</B></P>
    <P STYLE="font: 8pt Segoe UI, Helvetica, Sans-Serif; margin: 0; text-align: justify"><B>(C) = (B)-(A)</B></P></TD>
    <TD ROWSPAN="2" STYLE="width: 44%; border-bottom: white 1pt solid; border-right: white 1pt solid; background-color: #BFBFBF; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Segoe UI, Helvetica, Sans-Serif; font-size: 8pt"><B>Comments</B></FONT></TD></TR>
  <TR STYLE="background-color: #BFBFBF">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>(A)</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>(B)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Fixed Compensation</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">18,120,000</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">18,180,000</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">60,000</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Benefits</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">1,497,819</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">1,794,932</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">297,113 </FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Post-employment</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">2,083,800</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">2,448,691</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">364,891</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>AVC 2022 (+closing)</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">6,268,382</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">-</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #00B050">-6,268,382</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">The AVC was a model applicable to state-owned enterprises, which was discontinued in 2023, as reported at the OGM of 2023.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Severance</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">-</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">770,000</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">770,000</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Conditions agreed upon in the termination of officers agreement in 2023.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Bonus Program</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">29,329,300</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">29,395,950</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">66,650</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Stock Option Plan&sup1;</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">15,090,799</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">9,275,340</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #00B050">-5,815,459</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Reduction in the quantity of Stock Options, reflecting the departure of executives from the Company and the inclusion of board members who became members of the Board of Officers. See comments from the table above on LTI - Stock Option Plan..</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Restricted Stock Program </B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">10,875,287</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">5,232,123</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #00B050">-5,643,164</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Reduction in the quantity of Restricted Shares, reflecting the departure of executives from the Company and the inclusion of board members who became members of the Board of Officers. See comments from the table above on LTI - Restricted Stock Plan.</FONT></TD></TR>
  <TR STYLE="background-color: gray">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Total &ndash; Executive Officers</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>83,265,387</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: white"><B>67,097,036</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: white"><B>-16,168,351 </B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Board of Directors </B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">8,679,924</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">9,300,000</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">620,076</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Restricted Stock Plan&sup1; </B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">11,716,107</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">3,919,728</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #00B050">-7,796,379</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">Reduction in the quantity of restricted shares due to board members who became executive officers and transitioned to the rules applicable to executives, as explained in the table above on LTI &ndash; Restricted Stock Plan..</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Fiscal Council</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">755,000</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">757,500</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">2,500</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">-</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; background-color: #D9D9D9; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt"><B>Advisory Committees</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #222224">2,100,000</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">2,100,000</FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: #222224">-</FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: gray">
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Total Board and Committees</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>23,251,031</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: white"><B>16,077,228</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: white"><B>-7,173,803</B></FONT></TD>
    <TD STYLE="border-bottom: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="background-color: gray">
    <TD STYLE="border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Total</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>106,516,418</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: white"><B>83,174,264</B></FONT></TD>
    <TD STYLE="border-right: white 1pt solid; padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt; color: white"><B>-23,342,154 </B></FONT></TD>
    <TD STYLE="padding-right: 3.5pt; padding-left: 3.5pt; text-align: justify">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; color: #404040">&sup1;In the case of Restricted
Shares for the Board of Directors, the transfer of ownership of the shares will only occur in 2028; similarly, in the case of Stock Options
for the Board of Officers, the exercise of the options will occur at least 3 years after 2023, with two other vesting milestones reaching
the periods of 4 years and 5 years; Therefore, there is no receipt of Restricted Share values by the Board of Directors, and of Stock
Options by the Executive Board for the fiscal year 2024, but rather, the recognition of the expense during the period.</P>

<P STYLE="font: 12pt/117% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #404040"><B><U>Due to (i) the maintenance
of fixed compensation levels; (ii) the reduction in the quantities of restricted shares and stock options; and (iii) the termination of
the AVC 2022, it is proposed to approve a total compensation amount equivalent to BRL83,174,264 for the fiscal year 2024, a level that
is BRL23,342,154 (21.9%) lower than what was proposed and approved</U></B></P>


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<P STYLE="font: 11pt/117% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify"><B><U>by shareholders in
2023.</U></B></P>

<P STYLE="font: 12pt/117% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify"><FONT STYLE="color: #0070C0"><B>Schedule
C</B></FONT> <FONT STYLE="color: #404040">to the Eletrobras Management Proposal for the OGM contains information regarding the compensation
of Management, Fiscal Council members, and members of the Advisory Committees to the Board, of Section 8 of the Company's Reference Form
(<I>Formul&aacute;rio de Refer&ecirc;ncia</I>).</FONT></P>


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<P STYLE="color: #0070C0; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 2pt 0 0; text-align: center">SCHEDULE E</P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 2pt 0 6pt; text-align: center">Information required
under Schedule B of Resolution CVM 81/2022 (proposal for amending the &quot;Eletrobras Compensation Plan Based on Stock Options&quot;
approved at the Company's Extraordinary Shareholders' Meeting held on December 22, 2022)</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The management of Eletrobras has proposed
to the shareholders, by means of the Ordinary and Extraordinary General Meeting of Eletrobras, to be held on April 26, 2024 (&quot;<U>OEGM
2024</U>&quot;), the amendment for specific adjustments to the &ldquo;<I>Eletrobras Restricted Share-Based Compensation Plan</I>&rdquo;
approved at the Extraordinary General Meeting of the Company held on December 22, 2023 (&ldquo;<U>Restricted Shares Plan</U>&rdquo; or
&ldquo;<U>Plan</U>&rdquo;). Except for what is expressly indicated below and in <FONT STYLE="color: #0070C0"><B>Schedule I</B></FONT>
as an amendment proposal of the Restricted Shares Plan, the other terms and conditions of the Plan are not being amended.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #0070C0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Provide a copy of the proposed
plan</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">A copy of the Stock Option Plan, including
the changes proposed for the 2024 OEGM, is attached to this Management Proposal as <FONT STYLE="color: #0070C0"><B>Schedule G</B></FONT>.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #0070C0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Inform the main characteristics
of the proposed plan, identifying</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>a)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Potential beneficiaries</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">May be elected as beneficiaries of the
Stock Option Plan, the management, employees, collaborators or service providers of the Company, or its subsidiaries, as long as they
are appointed by the Company's Board of Directors or by a Committee appointed by the Board for this purpose (&quot;<U>Beneficiaries</U>&quot;).</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>b)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Maximum number of Options to be granted</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">In the context of the Stock Option Plan,
the options to be granted to the Beneficiaries cannot exceed the limit of 1.1% of the Company's total share capital on December 22, 2022,
the date of approval of the plan by the Company's Extraordinary General Meeting (&quot;<U>Option</U>&quot;).</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>c)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Maximum number of shares covered by the plan</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The maximum number of shares that may
be acquired due to the exercise of the Option granted to the Beneficiaries may not exceed the limit of 25,313,506 shares, equivalent to
1.1% of the Company's total share capital on December 22, 2022.</P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">For the purposes of this limit, all shares
corresponding to options actually exercised or exercisable by the Beneficiaries are considered, regardless of the settlement model of
said option. The shares corresponding to the options that are canceled, lapse, expire or prescribe, for whatever reason, will not be computed
for the purposes of the limit provided for above and, therefore, will again be available for future grant under the terms of the Stock
Option Plan.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>d)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Acquisition conditions</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The granting of Options will necessarily
be carried out upon the conclusion of the Agreements for the Granting of Stock Options between the Company and the Beneficiaries, which
may take place at any time, while the Stock Option Plan is in force (&ldquo;<U>Granting Agreements</U>&rdquo; or &ldquo;<U>Agreements</U>&rdquo;).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Options granted were divided into
at least 3 blocks, for which the beneficiaries may exercise the Options and acquire shares belonging to the blocks, provided that the
conditions set out in the Stock Option Plan and in the respective Option Programs and Granting Agreements are fulfilled.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Among the exercise conditions, the Plan
provides for maturity periods of (i) 3 years for one third of the Options; (ii) 4 years for one third of the Options; and (iii) 5 years
for one third of the Options, all counted from the date of grant, during which the beneficiary must continue to hold their respective
position in the Company.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">With the amendment to the Options Plan
proposed to the 2024 OEGM, the Board of Directors may determine, on an extraordinary basis, that the starting point of the respective
maturity period of the Options is on a date prior to the date of execution of the respective grant agreement, provided that the approval
of the grant by the Company's Board of Directors has taken place during the 2023 fiscal year.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Also, additional exercise conditions can
be set, such as those relating to the achievement of individual and/or collective goals.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>e)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Detailed criteria for setting the exercise price</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Option Plan establishes a minimum
exercise price per share of BRL 42.00, which corresponds to the price charged for the Company's capital increase in the context of the public offering
concluded on June 10, 2022.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">In accordance with the Option Plan, the
Option Program approved by the Board of Directors (&quot;<U>Option Program</U>&quot;) establishes that the exercise price of the Options
will be fixed in the respective Granting Agreements, but cannot be less than BRL42.00, to be monetarily restated by the variation of the
IPCA/IBGE (National Broad Consumer Price Index, published by the IBGE - Brazilian Institute of Geography and Statistics) from June 10,
2022 until the date of exercise of the Options.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The exercise price may also be increased
by a spread, as determined by the Board of Directors.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Also, with the amendment to the Option
Plan proposed for the 2024 OEGM, the exercise price set in the Agreement may not be lower than the average price per share of the Company
on the date of the grant. The average price will be calculated based on the average closing price of the Company's common shares traded
on &ldquo;<I>B3 S.A. - Brasil, Bolsa, Balc&atilde;o</I>&rdquo; (ticker: ELET3), in the 90 trading sessions prior to the respective date
on which the Options are granted to each beneficiary, weighted by the trading volume of such common shares.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Board of Directors may adjust the
exercise price for dividends, interest on equity, or income distributed by the Company in the period between the grant date and the exercise
date of the options, as provided for in the respective agreements.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>f)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Criteria for setting the exercise period</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Options granted pursuant to the Options
Plan will become mature, that is, may be exercised, in accordance with deadlines and rules provided for in the Options Plan and in the
relevant program, in compliance with the minimum requirements, in order to meet the objectives of: (i) retention of Beneficiaries; and
(ii) sustainable generation of long-term value.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Once the Stock Option Granting Agreement
has been concluded, the beneficiary may exercise the Options comprising the batches.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The maximum period of exercise of the
Options is 120 days from the date on which such Options become exercisable, that is, after the end of their respective maturity period.
of the last maturity period in force</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Board may postpone the exercise of
the Options, in the event of a period of prohibition on trading in the Company's shares, in accordance with Eletrobras' Securities Trading
Policy and the current legislation. If the maximum period for exercising the Options ends during a prohibition period, this period will
be automatically extended to 5 days from the end of the prohibition period..</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>g)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Options Settlement Method</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The options will be settled through the
delivery of the Company's common shares to the Beneficiaries, either through the issuance of new shares or through the transfer of shares
held in treasury.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">As provided for in the Stock Option Plan
and further detailed in the respective Granting Agreements, once the beneficiary has exercised the Options comprising batches vested,
the Company may choose to settle the relevant Options by delivering an amount of shares calculated in accordance with the formula indicated
below, so that there will be no disbursement of funds by the beneficiary:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; text-align: center"><IMG SRC="ebr202403256k_014.jpg" ALT=""></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Whereas:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><IMG SRC="ebr202403256k_015.jpg" ALT="">=
means the number of shares to be transferred to the beneficiary;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">
<IMG SRC="ebr202403256k_016.jpg" ALT="">= means the amount representing the average price per share of the Company, to be determined by the Company on the basis of the average
closing price of its common shares traded on &ldquo;<I>B3 S.A. - Brasil, Bolsa, Balc&atilde;o</I>&rdquo; (ticker: ELET3), in the 90 trading
sessions prior to the date on which the Company received a notice of exercise, weighted by the trading volume of such common shares;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"><IMG SRC="ebr202403256k_017.jpg" ALT="">=
means the Options Exercise Price; e</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">
<IMG SRC="ebr202403256k_018.jpg" ALT="">= means the number of options in the respective exercised batch.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">In case the Company does not opt for settlement
in the terms indicated above, the beneficiary must pay the Exercise Price within 90 days, which may be extended by decision of the Board
of Directors for 90 additional days, counted from receipt of the notice of exercise.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">No option will be delivered to the beneficiary
unless all legal and regulatory requirements have been fully complied with.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>h)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Criteria and events that, when verified, will cause the
suspension, alteration or extinction of the plan</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Stock Option Plan remains in force
for 3 years and can be terminated or modified at any time by decision of the General Shareholders' Meeting. Any significant legal change
regarding the regulation of joint stock companies, public companies, labor legislation or the tax effects of the Stock Option Plan may
lead to its full revision.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">In case of an increase or reduction in
the share capital or other operations that imply a change in the number of shares, as well as a change in the class or type of the Company's
shares, for whatever reasons, it is up to the Board of Directors to assess any adjustment to the Stock Option Plan, in order to avoid
losses to the beneficiaries and to the Company.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Also, in case of a stock split or reverse
stock split or dividends paid through the delivery of shares, the number of Options granted may be adjusted upwards or downwards, as determined
by the Board of Directors.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #0070C0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Justify the proposed plan,
explaining:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>a)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The main objectives of the plan</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The purpose of the Stock Options Plan
is to align the Company's remuneration model, in its new stage as a private company, with market practices and the Company's challenges
of attracting and retaining talent, as well as generating long-term value, by incorporating long-term incentives.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Thus, the Stock Option Plan allows the
alignment of interests between the Company, its shareholders and the Beneficiaries, to the extent that the potential gains and risks of
the Company's performance will be shared. In addition, it contributes, in particular, to the development of a high-performance professional
culture and to decision-making that prioritizes long-term results, exceeding targets and creating value and the sustainable growth of
the Company.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>b)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">How the plan contributes to those objectives</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Stock Option Plan contributes to
achieving the above objectives to the extent that (i) the Company will be able to retain current key professionals and attract new talent,
in addition to fostering a high-performance culture, through long-term incentives conditional on meeting previously established targets,
which will serve as a driving force for unlocking the capitalization's value levers; (ii) the Beneficiaries will only be entitled to
acquire the shares and capture the growth in shareholder value above the exercise price defined in the Stock Option Plan, if the previously
set targets and triggers are fulfilled, which is a great incentive for high performance, exceeding targets and maximizing the capacity
to generate value in the medium and long term; and (iii) the shareholders, who will be able to count on the appreciation of the shares
issued by Eletrobras and the maximization of the return on their investments in the medium and long term, establishing a lasting responsibility
aligned with the future prosperity of the Company and its shareholders</P>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Therefore, the Stock Option Plan aims
to contribute to Eletrobras being able to count on the best professionals to conduct the transformation process that is underway, making
it possible to retain current talents and attract new ones, who can lead the new challenges arising from Eletrobras' privatization process
(capitalization).</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>c)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">How the plan fits into the company's compensation policy</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Stock Options Plan is part of the
long-term incentive plan, which was structured to generate value for both the Company and its shareholders. These long-term incentives
represent a significant portion of the Beneficiaries&rsquo; total remuneration, reflecting the commitment to a culture of high performance
and meritocratic practices, given that the Beneficiaries will be able to directly benefit from the value generated over time for the Company
and its stakeholders. Also, the Option Plan provides that the Board of Directors may also establish additional targets, triggers and specific
challenges to strengthen the link between remuneration, performance and value Generation.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>d)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">How the plan aligns the interests of the Beneficiaries
and the company in the short, medium and long term</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">In the context of Eletrobras&rsquo; transformation,
the Stock Option Plan is an essential tool for establishing a meritocratic culture, capable of retaining and rewarding its talents and
structured to ensure full alignment between the interests of the Beneficiaries, the Company and its shareholders.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Stock Option Plan was developed on
the basis of goals to be considered jointly or separately, such as profitability and long-term value generation, as well as triggers and
challenges for the Company, guided by the Company's Strategic Plan.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">In this context, the Stock Option Plan
also provides that the exercise price per Option granted may not be less than (i) the amount of BRL 42.00 (increased by the positive variation
of the IPCA as from June 2022 and subject to the addition of a spread); and (ii) the market value of the Company's common shares, to be
determined on the basis of the average closing price of the 90 trading sessions prior to the respective grant date, weighted by the trading
volume of such shares.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Thus, it allows the managers (and other
Beneficiaries) for seeing a direct association between their performance and the capture of part of the value relating to the appreciation
of the Company's shares in relation to the exercise price defined in the Stock Option Plan, as well as allowing the Beneficiaries and
the Company's shareholders, who supported the privatization and approved the Stock Option Plan, to share the value generated in the long
term with each other.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Estimate the company's expenses arising from the plan,
according to the accounting rules that deal with this matter</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Company adopts the fair value model
established under Technical Pronouncement CPC 10 (R1) of the Accounting Pronouncements Committee (CPC), which deals with share-based payment,
as approved by CVM Resolution 97 dated May 20, 2022 to measure its accounting expenses related to the granting of Options. The assumptions
needed to determine the fair value will only be verified on the date the Options are granted and the amount granted. Given that the maximum
limit of Options to be granted under the Stock Option Plan has not yet been fully consumed, it is not possible to price the fair value
in its entirety at this stage. Therefore, based on the assumptions identified in item 8.12 of <FONT STYLE="color: #0070C0"><B>Schedule
C</B></FONT> to this Proposal, as well as based on the best estimates available at the moment, we estimate for the statutory members a
total cost over the 5 years of BRL 46,375,310, which refers to the granting of 7,080,200 options, having been used for fair value purposes:
(i) BRL 5.11 for year 3; (i) BRL 6.42 for year 4; and (ii) BRL 8.13 for year 5.</P>


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<P STYLE="color: #0070C0; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 2pt 0 0; text-align: center">SCHEDULE F</P>

<P STYLE="color: #0070C0; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 2pt 0 12pt; text-align: center">&quot;From/To&quot; table
of the proposed changes to the Compensation Plan Based on Stock Purchase Options</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="width: 7%; border: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>Clause</B></FONT></TD>
    <TD STYLE="width: 33%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>From</B></FONT></TD>
    <TD STYLE="width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>To</B></FONT></TD>
    <TD STYLE="width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>Comments</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">1.1 (e)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">e) &ldquo;Exercise of the Option&rdquo;: effective subscription or purchase of the Stocks related to the Options previously granted to the Participants, under the terms of this Plan and respective Programs.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">e) &ldquo;Exercise of the Option&rdquo;: effective subscription or purchase of the Stocks related to the Options previously granted to the <FONT STYLE="color: #0070C0"><U><STRIKE>Participants </STRIKE></U><U>Beneficiaries</U></FONT>, under the terms of this Plan and respective Programs.</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">1.1 (f)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">f) &ldquo;Stock Purchase Options Plan&rdquo; or &ldquo;Stock Option Plan&rdquo; or &ldquo;Plan&rdquo;: Compensation Plan Based on Stock Options approved at the general meeting of Eletrobras.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">f) &ldquo;Stock Purchase Options Plan&rdquo; or &ldquo;Stock Option Plan&rdquo; or &ldquo;Plan&rdquo;: Compensation Plan Based on Stock Options approved at the general meeting of Eletrobras<FONT STYLE="color: #0070C0"><U>, as amended</U></FONT>.</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">1.1 (k)</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">k) &ldquo;Program&rdquo;: Stock Option Program approved by the Board of Directors, based on this Plan.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">k) &ldquo;Program&rdquo;: Stock Option Program approved by the Board of Directors, based on this Plan<FONT STYLE="color: #0070C0"><U>, as amended</U></FONT>.</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment.</FONT></TD></TR>
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  <TR>
    <TD STYLE="width: 7%; border: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">2.3</FONT></TD>
    <TD STYLE="vertical-align: top; width: 33%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">2.3.&#9;The Options Plan, in short, aims to contribute so that Eletrobras can count on the best professionals to conduct the ongoing transformation process, enabling the retention of current talents and the attraction of new ones, which may lead the new challenges arising from the privatization process of Eletrobras (capitalization).</FONT></TD>
    <TD STYLE="vertical-align: top; width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">2.3.&#9;The Options Plan, in short, aims to contribute so that Eletrobras can count on the best professionals to conduct the ongoing transformation process, enabling the retention of current talents and the attraction of new ones, which may lead the new challenges arising from the privatization process of Eletrobras (<FONT STYLE="color: #0070C0"><U><STRIKE>&ldquo;</STRIKE></U></FONT>capitalization<FONT STYLE="color: #0070C0"><STRIKE>&rdquo;</STRIKE></FONT>).</FONT></TD>
    <TD STYLE="width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment.</FONT></TD></TR>
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  <TR>
    <TD STYLE="width: 7%; border: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">4.1</FONT></TD>
    <TD STYLE="vertical-align: top; width: 33%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">4.1.&#9;The Plan Program must be approved by the Board of Directors until March 2023, and the Exercise Price of the option to purchase common shares will be at least R$ 42.00 (forty-two reais), which corresponds to the price practiced in the Company's capital increase, in a public offering for the distribution of shares, concluded on June 10, 2022, as announced on the same date.</FONT></TD>
    <TD STYLE="vertical-align: top; width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">4.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
    Plan Program must be approved by the Board of Directors until March 2023, and the Exercise Price of the <FONT STYLE="color: #0070C0"><U>Options
    </U><U><STRIKE>Option</STRIKE></U> <U>to Purchase common shares </U><U><STRIKE>will be at least</STRIKE></U> <U>to be established in the
    respective Granting Agreements may not be less than the:</U></FONT></P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"><FONT STYLE="color: #0070C0"><U>(i) the
    amount</U></FONT> of BRL 42.00 (forty-two reais) <FONT STYLE="color: #0070C0"><U>per share</U></FONT>, which corresponds to the price
    practiced in the Company's capital increase, in a public offering of distribution of shares, concluded on June 10, 2022, as announced
    on the same date; <FONT STYLE="color: #0070C0"><U>and, cumulatively,</U></FONT></P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><U>(ii) average price per
    share of the Company, to be determined by the Company based on the average closing price of its common shares traded on the B3 S.A. &ndash;
    Brasil, Bolsa, Balc&atilde;o (ticker: ELET3), in the 90 (ninety) trading sessions prior to the date on which the Options are granted to
    each Beneficiary, weighted by the trading volume of such common shares.</U></P></TD>
    <TD STYLE="width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">As a rule, the company does not set the exercise price at a level lower than the market value of the shares. The adjustment seeks to bring transparency to what the company already does in practice.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">6.4</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Not applicable</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: #0070C0; line-height: 130%"><U>6.4.&#9;Exclusively in relation to Beneficiaries for whom the Company has approved the granting of Options during the 2023 fiscal year, the Board of Directors may set the initial milestone for calculating the Maturity Period of their respective Options on a date prior to the date of the respective Grant Agreement, always on a date after the Beneficiary's investiture or admission, but in no event prior to June 01, 2023.</U></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">In order to build a Program that would ensure adherence to the long-term interests of shareholders, there were relevant discussions in 2023 that had the impact of postponing the availability, by the Company, of the Granting Agreements for the signatures of the Vice-Presidents. The adjustment, therefore, is intended not to harm executives due to the Company's transition period and will only apply to grants approved by the Board of Directors during the 2023 fiscal year. It should also be noted that the change relates exclusively to the start of the date for calculating the maturity period, and therefore there is no change to other conditions set out in the Options Plan (exercise price, vesting conditions, etc.).</FONT></TD></TR>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 7%; border: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">6.6<BR>
(former 6.5)</FONT></TD>
    <TD STYLE="vertical-align: top; width: 33%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">6.5.&#9;After the exercise of options and effective receipt of shares by the Beneficiary, the Beneficiary is prevented from selling such shares for a period of 180 days, defined as the Lock-up Period.</FONT></TD>
    <TD STYLE="vertical-align: top; width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">6.<FONT STYLE="color: #0070C0"><U>6.</U></FONT>&#9;After the exercise of options and effective receipt of shares by the Beneficiary, the Beneficiary is prevented from selling such shares for a period of 180 days, defined as the Lock-up <FONT STYLE="color: #0070C0"><U><STRIKE>period</STRIKE></U> <U>Period</U></FONT>.</FONT></TD>
    <TD STYLE="width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">8.5</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">8.5.&#9;For the purpose of restricting trading, the common shares that are acquired with the exercise of the Options must not observe the Lock-up Period, in addition to what is already provided by law, by applicable regulations, by the Securities Trading Policy of the Company and the Lock Up Period provided in this Plan.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">8.5.&#9;For the purpose of restricting trading, the common shares that are acquired with the exercise of the Options must <FONT STYLE="color: #0070C0"><U><STRIKE>not</STRIKE></U></FONT> observe the Lock-up <FONT STYLE="color: #0070C0"><U><STRIKE>period</STRIKE></U></FONT> Period, in addition to what is already provided by law, by applicable regulations, by the Securities Trading Policy of the Company and the Lock Up Period provided in this Plan.</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment to bring the wording of item 8.5 into line with the wording of item 6.6 of the Options Plan, clarifying that the shares acquired as a result of the exercise of the Options will be subject to the 180-day Lock-Up Period.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">9.1</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">9.1.&#9;The options will be settled upon delivery of shares by the Company to the beneficiaries.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">9.1.&#9;The options will be settled upon delivery of shares by the Company to the <FONT STYLE="color: #0070C0"><U><STRIKE>b</STRIKE></U><U>B</U></FONT>eneficiaries.</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment.</FONT></TD></TR>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 7%; border: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">9.3,<BR>
<I>caput</I>.</FONT></TD>
    <TD STYLE="vertical-align: top; width: 33%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">9.3.&#9;If there are capital reserves in adequate amounts, the Company may choose to issue and deliver to the Beneficiary only the number of Shares corresponding to the difference between the Settlement Price and the Exercise Price, multiplied by the total number of options exercised by the participant and divided by the Settlement Price:</FONT></TD>
    <TD STYLE="vertical-align: top; width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">9.3.&#9;If there are capital reserves in adequate amounts, the Company may choose to issue and deliver to the Beneficiary only the number of Shares corresponding to the difference between the Settlement Price and the Exercise Price, multiplied by the total number of options exercised by the <FONT STYLE="color: #0070C0"><U><STRIKE>participant </STRIKE></U><U>Beneficiary</U></FONT> and divided by the Settlement Price:</FONT></TD>
    <TD STYLE="width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">9.4</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">9.4.&#9;In the event of item 9.3, there will be no disbursement of funds by the participant for the subscription or purchase of shares, subject to the provisions of item 10.4.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">9.4.&#9;In the event of item 9.3, there will be no disbursement of funds by the <FONT STYLE="color: #0070C0"><U><STRIKE>participant </STRIKE></U><U>Beneficiary</U></FONT> for the subscription or purchase of shares, subject to the provisions of item 10.4.</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">9.6</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">9.6.&#9;No share will be given to the participant unless all legal and regulatory requirements have been fully complied with.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">9.6.&#9;No share will be given to the <FONT STYLE="color: #0070C0"><U><STRIKE>participant </STRIKE></U><U>Beneficiary</U></FONT> unless all legal and regulatory requirements have been fully complied with.</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">10.6</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">10.6.&#9;If the number of shares issued by the Company is increased, reduced, there is a split or grouping or dividends paid in shares, the Board of Directors may make the appropriate adjustments in the number of shares granted to each Participant.</FONT></TD>
    <TD STYLE="vertical-align: top; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">10.6.&#9;If the number of shares issued by the Company is increased, reduced, there is a split or grouping or dividends paid in shares, the Board of Directors may make the appropriate adjustments in the number of shares granted to each <FONT STYLE="color: #0070C0"><U><STRIKE>Participant </STRIKE></U><U>Beneficiary</U></FONT>.</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment.</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">SCHEDULE G</P>

<P STYLE="color: #0070C0; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 2pt 0 12pt; text-align: center">Stock Option Plan with
consolidated proposed changes</P>

<P STYLE="font: 12pt/125% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>ELETROBRAS COMPENSATION PLAN<BR>
BASED ON STOCK PURCHASE OPTIONS</B></P>

<P STYLE="font: 12pt/125% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>(&ldquo;STOCK OPTIONS&rdquo;)</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>DEFINITIONS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">1.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">For the purposes of definitions, there are:</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;<I>Beneficiaries</I>&rdquo;</B>: management,
employees, collaborators or service providers of the Company, or its subsidiaries, provided they are selected by the Company's Board of
Directors or by a Committee appointed for this purpose, to participate in the Program to be approved by the Board of Directors for this
Stock Option Plan.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;<I>Company&rdquo; </I></B>or <B><I>&ldquo;Eletrobras&rdquo;:
</I></B><FONT STYLE="font-style: normal; font-weight: normal">Centrais El&eacute;tricas Brasileiras S/A &ndash; Eletrobras: Eletrobras
S.A.</FONT></FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;<I>Board of Directors</I>&rdquo;</B>: Company&rsquo;s
Board of Directors.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;Stock Option Grant Agreement&rdquo; &ldquo;<I>Agreement</I>&rdquo;
or &ldquo;<I>Granting Agreement</I>&rdquo;</B>: a private instrument for granting the option to purchase stocks, entered into by and between
the Company and Beneficiaries, which will grant the right to exercise the Option under the Program to be approved by the Board of Directors
on the basis of this Options Plan. </FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;<I>Exercise of the Option</I>&rdquo;</B>: effective
subscription or purchase of the Stocks related to the Options previously granted to the Participants, under the terms of this Plan and
respective Programs.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;<I>Stock Purchase Options Plan</I>&rdquo; or
&ldquo;<I>Stock Option Plan</I>&rdquo; or &ldquo;<I>Plan</I>&rdquo;</B>: Compensation Plan Based on Stock Options approved at the general
meeting of Eletrobras.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;<I>Exercise Price</I>&rdquo;</B>: value established
in the Program to be considered for subscription or purchase of Shares resulting from the exercise of Options.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">h)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;<I>Maturity Period</I>&rdquo;</B>: grace period
between the grant date and the date from which the options will mature and, therefore, be able to be exercised, provided that the other
requirements and conditions stipulated by the Board of Directors are fulfilled.</FONT></P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">i)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;<I>Maximum Exercise Period</I>&rdquo;</B>: limit
date for the exercise of matured options, under penalty of forfeiture of this right.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">j)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;<I>Settlement Price</I>&rdquo;</B>: corresponding
to the average price of the Company's shares for a period of 90 calendar days weighted by the volume of share trading.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">k)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;<I>Program</I>&rdquo;</B>: Stock Option Program
approved by the Board of Directors, based on this Plan.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">l)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;<I>Option</I>&rdquo;</B>: possibility of subscription
or purchase, by the Beneficiaries, of common, book-entry shares with no par value, issued by the Company, at the price and conditions
established in the Program, in compliance with all the terms and conditions of this Plan.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">m)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;<I>Lock-up Period</I>&rdquo;</B>: Period of
180 calendar days, counted from the exercise of the option, within which the Beneficiary may not dispose or encumber the shares received
through the exercise of his options.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>OBJECTIVE OF THE PLAN</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">2.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The purpose of the Stock Option Plan is to enable the
long-term incentives, associated with the fulfillment of previously defined goals, in the Beneficiaries' compensation package, transforming
them into potential shareholders of the Company, which will allow the alignment of interests between the Company, its shareholders and
Beneficiaries, to the extent that the potential gains and risks of the Company's performance will be shared, which will contribute, in
particular, to the development of a professional culture of high performance and to decision-making that favors results long-term goals,
exceeding goals and creating value and the Company's sustainable growth.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">2.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">In the current context of Eletrobras' transformation,
the Options Plan is an essential tool for the solidification of a meritocratic and high-performance culture, capable of ensuring full
alignment between the interests of the Beneficiaries, the Company and its shareholders, since that: (i) the Company will be able to retain
current key professionals and attract new talent, in addition to fostering a high-performance culture, through long-term incentives conditioned
to the achievement of previously established goals, which will serve as a driving</FONT></P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">force
for unlocking capitalization value levers; (ii) the Beneficiaries will only be entitled to acquire the shares and capture the growth
in share value above the exercise price defined in this Stock Option Plan, if the previously established targets are met, which represents
a great stimulus for high performance, exceeding goals and maximizing the ability to generate value in the medium and long term; (iii)
the shareholders, who, given the work of professionals in favor of the rapid unlocking of the capitalization value levers and the consequent
maximization of the Company's value, will be able to count on the appreciation of the shares issued by Eletrobras and the maximization
of the return of their investments in the medium and long term.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">2.3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Options Plan, in short, aims to contribute so that
Eletrobras can count on the best professionals to conduct the ongoing transformation process, enabling the retention of current talents
and the attraction of new ones, which may lead the new challenges arising from the privatization process of Eletrobras (capitalization).</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">2.4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Board of Directors may establish Programs, with a
specified period of validity, as well as determine the maximum limit of options that may be granted under such Program, based on the general
guidelines of this Plan.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>ELETROBRAS STOCK OPTIONS PURCHASE
TEMPLATE</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">3.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">At the discretion of the Board of Directors, or of a Committee
appointed by the Board for this purpose, Options may be granted, through Granting Agreements, granting them, periodically, the right to
exercise the purchase of a certain number of common shares, to a certain price and in a certain period, according to terms, terms and
conditions to be defined by the Company's Board of Directors, subject to the rules set forth in this Plan.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">3.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Any costs related to this Options Plan that are related
to directors, tax advisors or committee members will integrate their remuneration package and will always depend on approval by the General
Meeting of Shareholders, according to relevant legislation.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>EXERCISE PRICE OF THE STOCK
PURCHASE OPTION</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">4.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Plan Program must be approved by the Board of Directors
until March 2023, and the Exercise Price of the Options to Purchase common shares to be established in the respective Granting Agreements
may not be less than the:</FONT></P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify; color: #404040">(i)&nbsp;the amount
of BRL 42.00 (forty-two reais) per share, which corresponds to the price practiced in the Company's capital increase, in a public offering
of distribution of shares, concluded on June 10, 2022, as announced on the same date; and, <B><U>cumulatively</U></B>, and</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify; color: #404040">(ii)&nbsp;average
price per share of the Company, to be determined by the Company based on the average closing price of its common shares traded on the
B3 S.A. &ndash; Brasil, Bolsa, Balc&atilde;o (ticker: ELET3), in the 90 (ninety) trading sessions prior to the date on which the Options
are granted to each Beneficiary, weighted by the trading volume of such common shares./</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">4.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">After the Plan approval, at its discretion, the Board
of Directors may modify and/or monetarily update the Exercise Price of the share option, respecting the minimum limit established in item
4.1. </FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">4.3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Board of Directors may determine whether the Exercise
Price will be adjusted by dividends, interest on equity, or proceeds distributed by the Company in the period between the grant date and
the exercise date of the options, and such conditions will be provided for in the Granting Agreement.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>BENEFICIARIES</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">5.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The management, employees, collaborators or service providers
of the Company, or its subsidiaries, may be elected as Beneficiaries of the Option Plan, provided they are selected by the Company's Board
of Directors or by a Committee appointed for this purpose.</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>ELETROBRAS STOCK PURCHASE
OPTION CYCLE</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Stock Option Plan will be implemented according to
the Program to be approved by the Board of Directors, which will provide for the execution of Granting Agreements between the Company
and the Beneficiaries, which may occur at any time, while in force the plan.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Options granted under the terms of this Plan will
become mature, that is, they may be exercised, according to the terms and rules set forth in the Program, subject to the minimum requirements
mentioned in item 6.3, in order to meet the objectives of: (i) retention of Beneficiaries; and (ii) sustainable generation of long-term
value.</FONT></P>
<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"></FONT></P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Once the Granting Agreement is executed, the Maturity
Period of the options granted will obey the following criteria: (i) 1/3 of the options will have a Maturity Period of no less than 3 years;
(ii) 1/3 of the options will have a Maturity Period of no less than 4 years; (ii) 1/3 of the options will have a Maturity Period of no
less than 5 years.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Exclusively in relation to Beneficiaries for whom the
Company has approved the granting of Options during the 2023 fiscal year, the Board of Directors may set the initial milestone for calculating
the Maturity Period of their respective Options on a date prior to the date of the respective Grant Agreement, always on a date after
the Beneficiary's investiture or admission, but in no event prior to June 01, 2023. </FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.5.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Maximum Period for Exercise of the Options is 120
days from the date on which such options become exercisable, that is, after the end of their respective Maturity Period, subject to the
provisions set forth in item 6.8.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.6.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">After the exercise of options and effective receipt of
shares by the Beneficiary, the Beneficiary is prevented from selling such shares for a period of 180 days, defined as the Lock-up Period.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.7.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">If the Beneficiary leaves the Company or its Subsidiary,
on his own initiative, due to poor professional performance identified through a regular assessment carried out by the Company, he will
lose, as of the date of termination, the right to exercise the purchase options during the remaining Maturity Period, regardless of the
achievement of targets. The Beneficiary who is dismissed as a result of the practice of an act that constitutes just cause for the termination
of employment contracts under the terms of labor legislation, of any act in violation of legal or infra-legal rules, the Company's Bylaws,
Code of Ethics and Conduct and other internal rules of the Company, or the Grant Agreement, will lose, as of the date of termination,
the right to exercise the purchase options, regardless of achieving of the Maturity Period. The Board of Directors may establish the criteria
applicable for exercising the options, for those cases that the Maturity Period has not been reached, in the event (i) the Beneficiary
has achieved the respective targets; and/or (ii) death, disability or retirement.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.8.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The transfer of the Company's Beneficiary to one of its
subsidiaries and also to the reverse, or to any other company, in this case, is not considered to be terminated for the company's
interest.</FONT></P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.9.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">In any case, the Stock Option cannot be exercised during
a period which the Company's shares are not traded, in accordance with the Eletrobras&rsquo; Securities Trading Policy and the legislation
in force. If the Maximum Period for Exercise of the Options ends during a prohibition period, said period will be automatically extended
for a period of 5 (five) days counted from the end of the prohibition period.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.10.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The form of communication of the exercise of the option
by the Beneficiaries will be provided for in the Stock Option Grant Agreement.</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>GRANTING OF STOCK PURCHASE
OPTIONS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">7.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The granting of stock options will be carried out, necessarily,
upon execution of the Stock Option Grant Agreement, observing the Program to be approved by the Board of Directors.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">7.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Granting Agreement shall specify, among other items,
the number of share options granted, as well as the prices, terms and conditions for exercising the share options by the Beneficiaries.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">7.3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Board of Directors may, at its discretion, establish
differentiated contracts between the Beneficiaries, provided that the general conditions of this Stock Option Plan are observed.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">7.4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">There will be no consideration in cash by the Beneficiaries
upon execution of the Stock Option Grant Agreement.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">7.5.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Until the date of exercise of the purchase options by
the Beneficiaries, the Beneficiaries will not be entitled to any rights and advantages, as shareholders, in relation to the shares object
of the grant, such as voting rights, receipt of dividends and interest on own capital.</FONT></P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>8.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>STOCK PURCHASE OPTIONS SUBJECT
TO THE PLAN</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">8.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">To create value for the Company and its shareholders,
long-term incentives make up a relevant part of the total compensation of the Beneficiaries, which demonstrates the concern in developing
compensation packages consistent with meritocratic practices and a high-performance culture, given that the Beneficiary will be able to
enjoy a gain proportional to the amount generated by the Company, and the
Board of Directors may also set additional conditions, such as meeting specific goals, triggers or specific challenges.</FONT></P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">8.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The shares issued by the Company subject to this Plan
will be common shares, registered, without par value, with the restrictions and advantages indicated below (&ldquo;<U>Shares</U>&rdquo;),
which may be issued by the Company and subscribed and/or acquired by the Beneficiaries in the terms set forth in this Plan.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">8.3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The total number of options to be granted to the Beneficiaries
of the Options Plan may not result in the effective delivery of shares of the Company that exceed the limit of 1.1% of the Company's total
share capital on this date.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">8.4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">For the purpose of this limit, all shares corresponding
to the options actually exercised or exercisable by the Beneficiaries will be considered, regardless of the settlement model of that option.
The Shares corresponding to the options that are cancelled, lapse, expire or forfeit, for whatever reason, will not be computed for the
purposes of the limit provided for in item 8.3, and, therefore, will be available again for future granting under the terms of this Plan.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">8.5.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">For the purpose of restricting trading, the common shares
that are acquired with the exercise of the Options must not observe the Lock-up Period, in addition to what is already provided by law,
by applicable regulations, by the Securities Trading Policy of the Company and the Lock Up Period provided in this Plan. </FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>9.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>SETTLEMENT METHOD</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">9.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The options will be settled upon delivery of shares by
the Company to the beneficiaries.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">9.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The settlement of the Exercise Price shall occur according
to one of the following two options, as defined by the Board of Directors, at its sole discretion:</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify; color: #404040">(i) if there is
a sufficient capital reserve balance in adequate amounts, the settlement of the Exercise Price will occur in accordance with the provisions
of item 9.3 below; and</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify; color: #404040">(ii) if there
is no said balance, the settlement of the Exercise Price will occur in accordance with the provisions of item 9.5 below.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">9.3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">If there are capital reserves in adequate amounts, the
Company may choose to issue and deliver
to the Beneficiary only the number of Shares corresponding to the difference between the Settlement Price and the Exercise Price, multiplied
by the total number of options exercised by the participant and divided by the Settlement Price:</FONT></P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; text-align: center"><IMG SRC="ebr202403256k_019.jpg" ALT=""><FONT STYLE="font-family: Calibri, Helvetica, Sans-Serif; font-size: 11pt"></FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">Where:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040">
<IMG SRC="ebr202403256k_020.jpg" ALT="">= number of Shares to be transferred</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040"><IMG SRC="ebr202403256k_021.jpg" ALT="" STYLE="width: 85px; height: 26px">=
Settlement Price</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040"><IMG SRC="ebr202403256k_022.jpg" ALT="">=
Options Exercise Price</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; color: #404040"><IMG SRC="ebr202403256k_024.jpg" ALT="">=
number of mature options exercised by the Beneficiary</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">9.4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">In the event of item 9.3, there will be no disbursement
of funds by the Beneficiary for the subscription or purchase of shares, subject to the provisions of item 10.4.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">9.5.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">If the Company does not opt for liquidation pursuant to
item 9.3, the Beneficiary must pay the Exercise Price within a period of 90 (ninety) days, extendable by decision of the Board of Directors,
for 90 (ninety) days, counted of receipt of the communication of exercise.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">9.6.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">No share will be given to the participant unless all legal
and regulatory requirements have been fully complied with.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>10.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>GENERAL PROVISIONS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">10.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The granting of share options will not prevent the Company
from engaging in corporate reorganization operations.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">10.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">In cases of change in the number, class or type of shares
of the Company, for any reason, it will be up to the Board of Directors to assess any adjustment to the Stock Option Plan, in order to
avoid damages to the Beneficiaries and the Company.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">10.3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Granting Agreements do not grant any stability or
guarantee of employment to the Beneficiary.</FONT></P>


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<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">10.4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Company is authorized to withhold at source any taxes
that may be levied on the shares to be delivered arising from the exercise of options, or in another way that suits it, in order to comply
with legal requirements, more specifically with regard to amounts equivalent to taxes which it is legally obliged to withhold for collection
on behalf of the Beneficiary.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">10.5.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Any existing legal changes, whether of a labor, corporate,
tax or related nature, may lead to the revision of the Plan.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">10.6.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">If the number of shares issued by the Company is increased,
reduced, there is a split or grouping or dividends paid in shares, the Board of Directors may make the appropriate adjustments in the
number of shares granted to each Beneficiary.</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #404040"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>11.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>PLAN MANAGEMENT</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">11.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Stock Option Plan will be managed by the Company's
Board of Directors, or by a Committee designated by it.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">11.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Company's Board of Directors, observing the guidelines
of the Company's bylaws and the applicable legislation, will have broad powers in the management of the Plan to:</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify; color: #404040">&sect;1&ordm;
Elect the Beneficiaries, as well as define the criteria for the choice;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify; color: #404040">&sect;2&ordm;
Enter into different Granting Agreements, in accordance with the Company's strategic objectives;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify; color: #404040">&sect;3&ordm;
List additional conditions, such as triggers, achievement of goals, achievement of milestones, which must be met for the Beneficiary to
exercise the share options;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify; color: #404040">&sect;4&ordm;
Authorize the sale/grant of treasury shares to satisfy the granting of Stock Options;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify; color: #404040">&sect;5&ordm;
Take the necessary measures to implement the Compensation Plan based on the Stock Options; and</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify; color: #404040">&sect;6&ordm;
Resolve omitted cases and interpretations regarding the application of the plan.</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>12.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>TERM OF THE PLAN</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">12.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Stock Option Plan is valid for 3 (three) years and,
at any time, the Stock Option Plan may be extinguished or modified by decision of the Shareholding Meeting.</FONT></P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #404040"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">12.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Any significant legal change with regard to the regulation
of corporations, publicly held companies, labor legislation or the tax effects of the Stock Option Plan may lead to its full review.</FONT></P>


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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; color: #404040">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 2pt 0 0; text-align: center">SCHEDULE H</P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: center">Information required by
SCHEDULE B of CVM Resolution 81/2022 (proposal for amending the &quot;Eletrobras Restricted Share-Based Compensation Plan&quot; approved
at the Company's Extraordinary General Meeting held on December 22, 2022)</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The management of Eletrobras has proposed
to the shareholders, by means of the Ordinary and Extraordinary General Meeting of Eletrobras, to be held on April 26, 2024 (&quot;<U>OEGM
2024</U>&quot;), the amendment for specific adjustments to the &ldquo;<I>Eletrobras Restricted Share-Based Compensation Plan</I>&rdquo;
approved at the Extraordinary General Meeting of the Company held on December 22, 2023 (&ldquo;<U>Restricted Shares Plan</U>&rdquo; or
&ldquo;<U>Plan</U>&rdquo;). Except for what is expressly indicated below and in <FONT STYLE="color: #0070C0"><B>Schedule I</B></FONT>
as an amendment proposal of the Restricted Shares Plan, the other terms and conditions of the Plan are not being amended.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>1.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Provide a copy of the proposed plan</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">A copy of the Restricted Shares Plan,
including the changes proposed for the 2024 OEGM, is attached to this Management Proposal as <FONT STYLE="color: #0070C0"><B>Schedule
J</B></FONT><FONT STYLE="color: #404040">.</FONT></P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Inform the main characteristics
of the proposed plan, identifying </B></FONT></TD></TR></TABLE>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>a)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Potential beneficiaries</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">May be elected as beneficiaries of the
Restricted Shares Plan, the management, employees, collaborators or service providers of the Company, or <FONT STYLE="color: #404040">its
subsidiaries</FONT>, as long as they are appointed by the Company's Board of Directors or by a Committee appointed by the Board for this
purpose (&quot;<U>Beneficiaries</U>&quot;).</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>b)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Maximum number of Options
to be granted</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Not applicable, as the Restricted Shares
Plan does not provide for the delivery of options.</P>

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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>c)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Maximum number of shares covered
by the plan</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The total number of Restricted Shares
to be received may not exceed the limit of 0.2% of the Company's total capital share on December 22, 2022, and the Agreements Granting
of Restricted Shares with the Beneficiaries elected must be executed until March 31, 2023.</P>


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<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>d)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Acquisition conditions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The granting of Restricted Shares will
be carried out, necessarily, upon the execution of the Agreement for the Granting of Restricted Shares entered into between the Company
and the Beneficiaries, until March 31, 2023 (&quot;<U>Granting Agreements</U>&quot; or &quot;<U>Agreements</U>&quot;).</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Restricted Shares were divided into
(i) a single batch for the members of the Board of Directors, to be delivered on April 30, 2028; and (ii) 5 batches for the other Beneficiaries,
to be delivered on March 31, 2023, March 31, 2024, March&nbsp;31, 2025, March 31, 2026 and March 31, 2027.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">With regard to Beneficiaries who are not
members of the Board of Directors (or who, although being members of the Board, hold a position as Executive Officer), the ownership of
the Restricted Shares included in each batch will only be transferred to the Beneficiary if he/she remains in his/her position on the
respective delivery dates.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">As for the Beneficiaries who are members
of the Board of Directors, they will only be entitled to receive the Restricted Shares if the Beneficiary completes, in full and uninterruptedly,
his/her term of office on the Board of Directors, which will end at the Company's 2025 OGM, except in the event of non-fulfillment of
the position due to death or incapacity for permanent cause (as per the amendment proposal to the Restricted Shares Plan submitted to
the 2024 OEGM). For these Beneficiaries, the Restricted Shares will be delivered in a single timeframe, i.e. April 30, 2028, which corresponds
to the period of 3 years following the end of the term of office of the Board Members elected by the Company's Extraordinary General Meeting
held on August 5, 2022.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Nevertheless, even if the Beneficiary
member of the Board of Directors has served his or her term on the Board, he or she will forfeit any and all rights related to the Restricted
Shares if, before April 30, 2028:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">(i)&nbsp;is convicted of any act that
results in a violation of Federal Law No. 12.846/2013, Federal Law No. 8.429/1992, crimes against public administration in the Penal Code,
as well as any other anti-bribery/corruption and money laundering legislation enacted in Brazil;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">(ii)&nbsp;the Company ascertains damages
or losses caused to the Company due to irregular management acts practiced by the Beneficiary, as determined at the Company's General
Meeting; and/or</P>
<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify"></P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">(iii)&nbsp;issue any oral or written statement
about the Company or any of its subsidiaries, including through social networks, which, as determined by the Board of Directors: (a) is
derogatory, libelous, slanderous or defamatory; (b) discloses private or confidential information about the Company's or its subsidiaries'
business; or (c) leads to a false perception by the public about the Company or its subsidiaries.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #0070C0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>e)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Detailed criteria for setting
the exercise price</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Not applicable, as the Restricted Shares
Plan provides that, provided that all the conditions established in the Granting Agreement are complied with, the Restricted Shares will
be transferred, by the Company to the beneficiary, on a non-monetary basis and, therefore, without payment of any exercise price.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #0070C0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>f)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Criteria for setting the exercise
period</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Not applicable, as the shares will be
transferred on a non-monetary basis. Thus, once the Granting Agreement has been entered into and the conditions for receiving the Restricted
Shares comprising vested batches have been fulfilled, the delivery of the Restricted Shares will take place according to the achievement
of the time milestones indicated in item (d).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #0070C0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>g)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Options settlement method</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">There is no provision for the delivery
of stock options. However, the Restricted Shares will be delivered to the Beneficiaries through the issue of new common shares by means
of a capital increase of the Company, within the limit of the authorized capital; and/or using existing shares held in treasury.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #0070C0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>h)</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Criteria and events that,
when verified, will cause the suspension, alteration or extinction of the plan</B></FONT></TD></TR></TABLE>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Restricted Shares Plan will remain
in force until April 30, 2028, and may be extinguished and/or modified at any time by decision of the General Shareholders' Meeting.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">In case of bankruptcy, dissolution or
liquidation of the Company, the Restricted Shares Program and the respective Granting Agreements shall be extinguished by operation of
law, and all grants of Restricted Shares shall lapse, regardless of whether the respective
conditions for receiving the Restricted Shares have been fulfilled, as well as the rights of the Beneficiaries.</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Also, any significant legal change with
regard to the regulation of corporations, publicly-held companies, labor legislation and/or the tax effects of a share grant plan may
lead to the full revision of the Restricted Shares Plan.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Restricted Shares Plan is ruled under
a Restricted Shares Program approved by the Board of Directors (&quot;<U>Restricted Shares Program</U>&quot; or &quot;<U>Program</U>&quot;).
This Program establishes that, at the discretion of the Board of Directors, the number of Restricted Shares granted may be adjusted upwards
or downwards to reflect reverse stock splits or reverse share splits, as well as share bonuses to shareholders, increases in the Company's
share capital through the capitalization of reserves or other types of corporate transactions involving the issuance of shares by the
Company.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Also, by means of the amendment to the
Restricted Shares Plan proposed to the 2024 OEGM, the possibility was included for the Board of Directors to also make adjustments to
the number of Restricted Shares granted to each beneficiary <B><U>in order to reflect the economic impact of any distributions of dividends,
interest on equity or profits in the period between the date of grant and the transfer of ownership of the shares.</U></B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0.2in; color: #0070C0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>Justify the proposed plan,
explaining:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>a)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The main objectives of the plan</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The purpose of the Restricted Shares Plan
is: (i) to retain the Company's talents that demonstrate solid high-performance performance and hold qualifications and professional profiles
aligned with the new stage of the Company; (ii) assist in attracting new talent to key positions within the scope of the ongoing Eletrobras
restructuring process; and (iii) encourage the development and sustainable growth of the Company and the maximization of long-term value,
in line with the capitalization value levers, through the incorporation of this Restricted Shares Plan in the remuneration package of
the current composition of the Board of Directors, whose term of office extends until the Annual General Meeting of 2025.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>b)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">How the plan contributes to those objectives</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Restricted Shares Plan contributes
to achieving the above purposes to the extent that (i) the Company will have a high potential for retaining and engaging</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">current key professionals
and attracting new talent, as well as fostering a high-performance culture that will serve as a driving force for unlocking the capitalization's
value levers; (ii) the Beneficiaries will be able to capture the growth in the Company's shareholder value, which encourages exceptional
performance, exceeding targets and maximizing the capacity to generate value in the medium and long term; (iii) the shareholders, who,
given the work of highly qualified professionals in order to quickly unlock the value levers of the capitalization and the consequent
maximization of the Company's value, will be able to count on the appreciation of the shares issued by Eletrobras and the maximization
of the return on their investments, in a solid and sustainable manner over time.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Thus, the Restricted Actions Plan, in
short, aims to contribute so that Eletrobras can count on the best professionals to conduct the transformation process that is underway,
making it possible to retain current talents and attract new ones, which may lead to the new challenges arising from the capitalization
process.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>c)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">How the plan fits into the company's compensation policy</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Restricted Shares Plan is part of the
Company's long-term incentive plan, which was structured to generate value for both the Company and its shareholders. These long-term
incentives represent a significant portion of the Beneficiaries' total remuneration, reflecting the commitment to a culture of high performance
and meritocratic practices, given that the Beneficiaries will be able to benefit directly from the value generated over time for the Company
and its stakeholders. Also, the Restricted Shares Plan provides that the Board of Directors may also establish additional targets, triggers
and specific challenges to strengthen the link between remuneration, performance and value generation.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>d)</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">How the plan aligns the interests of the Beneficiaries
and the company in the short, medium and long term</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">In the context of Eletrobras' transformation,
the Restricted Shares Plan is an essential tool for the solidification of a meritocratic culture, capable of retaining and rewarding talents.
The Plan is aimed at retaining and rewarding talent and ensuring that the interests of the Beneficiaries are fully aligned with those
of the Company and its shareholders.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">Thus, in the short term, the Plan was
developed with the aim of attracting key talent and qualified executives, strictly in the context of the Company's</P>


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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">privatization. In this
sense, the Restricted Share grants were concluded until March 31, 2023.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">The Restricted Shares Plan also constitutes
a specific talent retention and long-term incentive mechanism for the Statutory Executive Board and the members of the Board of Directors
elected in August 2022, insofar as the appreciation of the Company's shares will imply an increase in the remuneration earned by the Beneficiary.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">As for the directors, the aim of the Restricted
Shares Plan was to adopt a similar model, in the best possible way and without undue burden, to the &quot;Deferred Share Units&quot; adopted
in certain international markets (seen as the best governance practice for granting directorships). The aim was therefore to reinforce
the long-term mentality and the generation of shareholder value, since the gains realized by the director will be totally linked to the
Company's long-term results from 2028 onwards. Therefore, if the decision made by the member of the Board of Directors during his current
term of office, which ends at the 2025 OEGM, does not prioritize results from 2028 onwards, there will be a significant loss in the amount
of his <FONT STYLE="color: #404040">Long-term Incentive</FONT>.</P>

<P STYLE="font: 11pt/130% Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in; color: #0070C0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Estimate the company's expenses arising from the plan,
according to the accounting rules that deal with this matter</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 4.8pt; text-align: justify">In this sense, as reported at Eletrobras'
Extraordinary General Meeting held on December 22, 2022, the decision of the Board of Directors was to propose the granting of up to 0.2%
of the Company's share capital, considering all possible statutory or non-statutory beneficiaries, throughout the term of the Plan</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 4.8pt; text-align: justify">Taking into account the fair value of
the share, the transfers made to statutory management in 2023, as well as the future transfers planned, considering the amount of BRL
32.28 (market price of the company's common share in market B3, at the base date of March 14, 2023, closing of the day), we present, for
the purpose of estimating:</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 4.8pt; text-align: justify"></P>

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<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 4.8pt; text-align: justify"></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 4.8pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #0070C0">
    <TD ROWSPAN="2" STYLE="border: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Restricted Shares</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Statutory Board of Directors</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Board of Directors</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Total</B></FONT></TD></TR>
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>N&ordm; of Shares</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Estimated Amount</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>N&ordm; of Shares</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Estimated Amount</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>N&ordm; of Shares</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: white"><B>Estimated Amount</B></FONT></TD></TR>
  <TR>
    <TD STYLE="width: 21%; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>1<SUP>st</SUP> Transfer (March 2023)</B></FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">423.990</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 13.686.397</FONT></TD>
    <TD STYLE="width: 8%; border-bottom: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="width: 13%; border-bottom: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="width: 9%; border-bottom: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">423.990</FONT></TD>
    <TD STYLE="width: 27%; border-bottom: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 13.686.397</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>2<SUP>st</SUP> Transfer (March 2024)</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">162.086</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 5.232.123</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">162.086</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 5.232.123</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: rgb(217,217,217) 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>3<SUP>st</SUP> Transfer (March 2025)</B></FONT></TD>
    <TD STYLE="border-right: rgb(217,217,217) 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">162.086</FONT></TD>
    <TD STYLE="border-right: rgb(217,217,217) 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 5.232.123</FONT></TD>
    <TD STYLE="border-right: rgb(217,217,217) 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: rgb(217,217,217) 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="border-right: rgb(217,217,217) 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">162.086</FONT></TD>
    <TD STYLE="border-right: rgb(217,217,217) 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 5.232.123</FONT></TD></TR>

  <TR>
    <TD STYLE="width: 21%; border: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>4<SUP>st</SUP> Transfer (March 2026)</B></FONT></TD>
    <TD STYLE="width: 9%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">162.086</FONT></TD>
    <TD STYLE="width: 13%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 5.232.123</FONT></TD>
    <TD STYLE="width: 8%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="width: 13%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">-</FONT></TD>
    <TD STYLE="width: 9%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">162.086</FONT></TD>
    <TD STYLE="width: 27%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 5.232.123</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>5<SUP>st</SUP> Transfer (March 2027)</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">162.086</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 5.232.123</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">242.856</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 7.839.392 *</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">404.942</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 13.071.515</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; color: #404040"><B>Total</B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1.072.334</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 34.614.889</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">242.856</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 7.839.392</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">1.315.190</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt">BRL 42.454.281</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><I>* The first half of the amount was appropriated
in 2023, and the second half is expected to be appropriated in 2024.</I></P>


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<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 2pt 0 0; text-align: center">SCHEDULE I</P>

<P STYLE="color: #0070C0; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 2pt 0 12pt; text-align: center">&quot;From/To&quot; table
of the proposed changes to the Compensation Plan Based on the Restricted Shares</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="width: 8%; border: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>Clause</B></FONT></TD>
    <TD STYLE="width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>From</B></FONT></TD>
    <TD STYLE="width: 39%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>To</B></FONT></TD>
    <TD STYLE="width: 23%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; color: white; line-height: 130%"><B>Comments</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">1.1 (f)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">f) &ldquo;<B>Restricted Shares Plan</B>&rdquo; or &ldquo;<B>Plan</B>&rdquo;: Compensation Plan Based on Restricted Shares<B><U>.</U></B></FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">f)&#9;&ldquo;<B>Restricted Shares Plan</B>&rdquo; or &ldquo;<B>Plan</B>&rdquo;: Compensation Plan Based on Restricted Shares<FONT STYLE="color: #0070C0"><U>, as amended</U></FONT>.</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">1.1 (g)</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">g) &ldquo;<B>Program</B>&rdquo;: Restricted Shares Program to be approved by the Board of Directors, based on this Plan.</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">g) &ldquo;<B>Program</B>&rdquo;: Restricted Shares Program to be approved by the Board of Directors, based on this Plan<FONT STYLE="color: #0070C0"><U>, as amended</U></FONT>.</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; border-left: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">2.4</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">2.4.&#9;The Restricted Shares Plan, in summary, aims to assist Eletrobras into being able to count on the best professionals to lead the transformation process that is in course, making it possible for Eletrobras to retain current talents and attract new ones, who can lead the new challenges arising from the capitalization process.</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">2.4.&#9;The Restricted Shares Plan, in summary, aims to assist Eletrobras into being able to count on the best professionals to lead the transformation process that is in course, making it possible for Eletrobras to retain current talents and attract new ones, who can lead the new challenges arising from the capitalization process.</FONT></TD>
    <TD STYLE="border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Wording adjustment in Portuguese that does not affect the English wording.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 8%; border: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">5.1</FONT></TD>
    <TD STYLE="width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">5.1.&#9;In line with the specific objectives of this Restricted Shares Plan, the Program will be structured by the Board of Directors so that: (i) the definition of the Beneficiaries and the execution of the respective Restricted Share Granting Agreements occur by March 31, 2023; and (ii) the rights arising from the Restricted Share Granting Agreements, as they constitute a personal right, may not be assigned or in any way transferred to third parties, whether onerously or free of charge.</FONT></TD>
    <TD STYLE="width: 39%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">5.1.&#9;In line with the specific objectives of this Restricted Shares Plan, the Program will be structured by the Board of Directors so that: (i) the definition of the Beneficiaries and the execution of the respective Restricted Share Granting Agreements occur by March 31, 2023; and (ii) <FONT STYLE="color: #0070C0"><U>except for cases of death or permanent incapacity, in which a guardianship has been established for the Beneficiary,</U></FONT> the rights arising from the Restricted Share Granting Agreements, as they constitute a personal right, may not be assigned or in any way transferred to third parties, whether onerously or free of charge.</FONT></TD>
    <TD STYLE="width: 23%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Adjustment in line with market practices.</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 8%; border: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">5.5</FONT></TD>
    <TD STYLE="width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">5.5.&#9;If the Beneficiary is a member of the Board of Directors, once the Granting Agreements has been signed, the transfer of ownership of all the Restricted Shares will take place in a single timeframe, April 30, 2028, which corresponds to the period of 3 (three) years following the end of the term of management of the Board of Directors elected at the Company's 182<SUP>nd</SUP> Shareholder&rsquo;s Annual Meeting.</FONT></TD>
    <TD STYLE="width: 39%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">5.5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If
    the Beneficiary is a member of the Board of Directors, once the Granting Agreements has been signed, the transfer of ownership of all
    the Restricted Shares will take place in a single timeframe, April 30, 2028, which corresponds to the period of 3 (three) years following
    the end of the term of management of the Board of Directors elected at the Company's 182<SUP>nd</SUP> Shareholder&rsquo;s Annual Meeting<FONT STYLE="color: #0070C0"><U>,
    provided that the Beneficiary has fully and uninterruptedly fulfilled its term of management on the Board of Directors, to be ended at
    Eletrobras' 2025 Shareholder&rsquo;s Annual Meeting (SAM)</U></FONT>.</P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><U>5.5.1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    Exceptionally, in the event of the death or permanent incapacity of a Beneficiary who is a member of the Board of Directors, the Beneficiary
    (or his/her heir(s), in the event of death) shall be entitled to receive a number of Restricted Shares calculated on a pro rata basis
    for the period served by the Beneficiary in his/her term of service on the Board of Directors, but counted from the date of execution
    of the grant agreement until the event of death or incapacity. In this case, the pro rata portion of the Restricted Shares will be delivered
    on April 30, 2028.</U></P>
    <P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><U>5.5.2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    In the event of item 5.5.1 above, if the Beneficiary who is a member of the Board of Directors has held a position on the executive board
    of the Company or its subsidiaries, as a result of which he has already received lots of his Restricted Shares, such Restricted Shares
    will be deducted from the final amount to be delivered to the Beneficiary (or its heirs).</U></P></TD>
    <TD STYLE="width: 23%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Adjustment in line with market practices, as well as to address the scenario experienced by the Company, where certain beneficiaries hold positions on the Board of Directors and the Executive Board, and therefore require different treatment in the event of death or permanent incapacity, given that they may have received lots of restricted shares granted to them prior to the respective vacancy event.</FONT></TD></TR>
  </TABLE>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="width: 8%; border: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">8.6</FONT></TD>
    <TD STYLE="width: 30%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">8.6.&#9;If the number of shares issued by the Company is increased, decreased, or in case of a stock split or reverse stock split, or dividends paid in shares, the Board of Directors may make the appropriate adjustments to the number of Restricted Shares granted to each Participant, and may also make adjustments on the number of Restricted Shares granted in order to reflect the economic impact of any distributions of income.</FONT></TD>
    <TD STYLE="width: 39%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">8.6.&#9;If the number of shares issued by the Company is increased, decreased, or in case of a stock split or reverse stock split, or dividends paid in shares, the Board of Directors may make the appropriate adjustments to the number of Restricted Shares granted to each Participant, and may also make adjustments on the number of Restricted Shares granted in order to reflect the economic impact of any distributions of <FONT STYLE="color: #0070C0"><U>dividends, interest on equity or</U></FONT> income <FONT STYLE="color: #0070C0"><U>in the period between the date of grant and the transfer of ownership of the shares</U></FONT>.</FONT></TD>
    <TD STYLE="width: 23%; border-top: #D9D9D9 1pt solid; border-right: #D9D9D9 1pt solid; border-bottom: #D9D9D9 1pt solid; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; text-align: justify; line-height: 130%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt; line-height: 130%">Adjustment in line with market practices.</FONT></TD></TR>
  </TABLE>
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<P STYLE="font: 11pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0; text-align: center">SCHEDULE J</P>

<P STYLE="color: #0070C0; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 2pt 0 6pt; text-align: center">Restricted Shares Plan
with the proposed consolidated amendments</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 12pt 0 0.2in; text-align: center"><B>ELETROBRAS COMPENSATION PLAN<BR>
BASED ON THE RESTRICTED SHARES<BR>
(&ldquo;RESTRICTED SHARES&rdquo;)</B></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>1.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">DEFINITIONS</FONT></B></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">1.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">For purposes of definitions, there are:</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">a)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;Restricted Shares&rdquo;: </B>number of common,
book-entry and nominative shares issued by the Company, specifically allocated to a given Granting Agreements.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">b)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;Beneficiaries&rdquo;</B>: the management, employees,
collaborators or service providers of the Company, or <FONT STYLE="color: #404040">its subsidiaries</FONT>, provided that they are selected
by the Company's Board of Directors or by a committee appointed for this purpose, to participate in the Program to be approved by the
Board of Directors for this Restricted Shares Plan.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">c)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;Company&rdquo; or &ldquo;Eletrobras&rdquo;</B>:
Centrais El&eacute;tricas Brasileiras S/A &ndash; Eletrobras.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">d)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&quot;Board of Directors&rdquo;:</B> Company&rsquo;s
Board of Directors.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">e)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;Restricted Shares Grant Agreement&rdquo; or
&ldquo;Granting Agreement&rdquo;: </B>private instrument granting restricted shares, entered into between the Company and the Beneficiaries,
which will entitle the Beneficiaries to receive a certain amount of restricted shares in a given period, provided that the deadlines,
terms and conditions to be defined by the Company's Board of Directors are met.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">f)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;Restricted Shares Plan&rdquo; or &ldquo;Plan&rdquo;</B>:
Compensation Plan Based on Restricted Shares, as amended.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">g)</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>&ldquo;Program&rdquo;</B>: Restricted Shares Program
to be approved by the Board of Directors, based on this Plan, as amended.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>2.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">PURPOSE OF THE PLAN </FONT></B></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">2.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The purpose of the Restricted Shares Plan is to: (i) retain
the Company's talents who have shown solid high performance and hold professional qualifications</FONT></P>


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<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">and
profiles aligned with the Company's new stage; (ii) <FONT STYLE="line-height: 130%">assist in attracting new talent for key positions
as part of Eletrobras' ongoing restructuring process; and (iii) encourage the development and sustainable growth of the Company and the
maximization of long-term value, in line with the capitalization value levers, by incorporating this Restricted Share Plan into the remuneration
package of the current composition of the Board of Directors, whose term of management extends until the 2025 Shareholders&rsquo; Ordinary
Meeting.</FONT></FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">2.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Program to be approved by the Board of Directors under
this Restricted Shares Plan will allow the alignment of interests between the Company, other shareholders and Beneficiaries, to the extent
that the potential gains and risks of the Company's performance will be shared with these players, which will contribute, specially, to
the development of a high-performance professional culture and to decision-making that favors long-term results, value creation and the
Company's sustainable growth.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">2.3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">In the current scenario of Eletrobras' transformation,
the Restricted Shares Plan is an essential tool for the solidification of a meritocratic culture, capable of retaining and reward its
talents and designed to ensure full alignment between the interests of the Beneficiaries, the Company and its shareholders, since: (i)
the Company will be able to retain current key professionals and attract new talent, as well as promote a high-performance culture that
will serve as a driving force for unlocking the capitalization's value levers; (ii) the Beneficiaries will be able to achieve shareholder
value growth above the exercise price defined in this Restricted Shares Plan, which is a great encouragement for a high performance, exceeding
targets and maximizing the capacity to generate value in the medium and long term; and (iii) the shareholders, who, given the work of
the professionals in favor of the quick release of the levers for capitalization value and the consequent maximization of the Company's
value, will be able to count on the appreciation of the shares issued by Eletrobras and the maximization of the return on their investments
in the medium and long term.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">2.4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Restricted Shares Plan, in summary, aims to assist
Eletrobras into being able to count on the best professionals to lead the transformation process that is in course, making it possible
for Eletrobras to retain current talents and attract new ones, who can lead the new challenges arising from the capitalization process.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">2.5.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Board of Directors may establish Programs, with a
determined period of validity, as well as determine the maximum limit of shares that may be granted under such Program, based on the general
guidelines of this Plan.</FONT></P>


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<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>3.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">ELETROBRAS RESTRICTED SHARES MODEL</FONT></B></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">3.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">At the option of the Board of Directors, or of a Committee
appointed by the Board for this purpose, the Beneficiaries may be granted, by means of a Granting Agreements, the right to receive a certain
number of Restricted Shares, which will only be transferred to the Beneficiary if the deadlines, terms and conditions to be defined by
the Company's Board of Directors are met.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>4.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">BENEFICIARIES</FONT></B></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">4.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The management, employees, collaborators or service providers
of the Company, or <FONT STYLE="color: #404040">its subsidiaries</FONT>, may be elected as Beneficiaries of the Restricted Shares Plan,
as long as they are elected by the Company's Board of Directors or by a Committee appointed by the Board for this purpose.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>5.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">CYCLE OF RESTRICTED SHARES AT ELETROBRAS</FONT></B></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">5.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">In line with the specific objectives of this Restricted
Shares Plan, the Program will be structured by the Board of Directors so that: (i) the definition of the Beneficiaries and the execution
of the respective Restricted Share Granting Agreements occur by March 31, 2023; and (ii) except for cases of death or permanent incapacity,
in which a guardianship has been established for the Beneficiary, the rights arising from the Restricted Share Granting Agreements, as
they constitute a personal right, may not be assigned or in any way transferred to third parties, whether onerously or free of charge.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">5.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Once the Granting Agreements has been signed, the transfer
of ownership of the Restricted Shares to the respective Beneficiary will proceed in installments, in equal parts, observing the following
time frames: March 31, 2023, March 31, 2024, March 31, 2025, March 31, 2026 and March 31, 2027.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">5.3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">If the Beneficiary leaves the Company or its Subsidiary,
on his/her own initiative, due to poor professional performance identified by means of a regular evaluation carried out by the Company,
inappropriate ethical and professional conduct and/or infringement of any of the Company's internal rules, the Beneficiary will lose,
from the date of leaving, the right to receive the Restricted Shares of the remaining time frames and, as a consequence, the Company will
be unable to transfer ownership of the corresponding Restricted Shares to him/her.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">5.4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The transfer of the Beneficiary from the Company to one
of its subsidiaries or vice versa, or to any other company,
in this case in the interest of the Company, shall not be considered a termination for the Company&rsquo;s interest.</FONT></P>


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<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">5.5.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">If the Beneficiary is a member of the Board of Directors,
once the Granting Agreements has been signed, the transfer of ownership of all the Restricted Shares will take place in a single timeframe,
April 30, 2028, which corresponds to the period of 3 (three) years following the end of the term of management of the Board of Directors
elected at the Company's 182<SUP>nd</SUP> Shareholder&rsquo;s Annual Meeting, provided that the Beneficiary has fully and uninterruptedly
fulfilled its term of management on the Board of Directors, to be ended at Eletrobras' 2025 Ordinary General Meeting (OGM).</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">5.5.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Exceptionally, in the event of the death or permanent
incapacity of a Beneficiary who is a member of the Board of Directors, the Beneficiary (or his/her heir(s), in the event of death) shall
be entitled to receive a number of Restricted Shares calculated on a pro rata basis for the period served by the Beneficiary in his/her
term of service on the Board of Directors, but counted from the date of execution of the grant agreement until the event of death or incapacity.
In this case, the pro rata portion of the Restricted Shares will be delivered on April 30, 2028.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 42.55pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">5.5.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">In the event of item 5.5.1 above, if the Beneficiary
who is a member of the Board of Directors has held a position on the executive board of the Company or its subsidiaries, as a result of
which he has already received lots of his Restricted Shares, such Restricted Shares will be deducted from the final amount to be delivered
to the Beneficiary (or its heirs). </FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>6.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">GRANTING OF RESTRICTED SHARES</FONT></B></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The granting of Restricted Shares shall necessarily be
carried out by means of a Granting Agreements, in accordance with the Program to be approved by the Board of Directors.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The agreement shall specify, among other items, the number
of Restricted Shares subject to the grant, as well as the time limits, terms and conditions for the transfer of the Restricted Shares
by the Company to the Beneficiaries.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Board of Directors may, at its discretion, establish
different contracts between the Beneficiaries, subject to the general conditions of this Restricted Shares Plan.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">There will be no cash consideration from the Beneficiaries
upon the execution of the Granting Agreements or even upon
the transfer of the Restricted Shares.</FONT></P>


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<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">6.5.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Up to the date of transfer of the ownership of the Restricted
Shares to the Beneficiaries, the Beneficiaries shall not be entitled to any rights and advantages as shareholders in relation to the shares
subject to grant, such as voting rights, receiving dividends and interest on own capital.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>7.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">RESTRICTED SHARES SUBJECT TO THE PLAN</FONT></B></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">7.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">In order to create value for the company and its shareholders,
long-term incentives make up a significant part of the Beneficiaries' total remuneration, which shows the concern to develop remuneration
packages in line with meritocratic practices and a high-performance culture, given that the Beneficiary will be able to enjoy earnings
proportional to the value generated for the company, and the Board of Directors may also set additional conditions, for example meeting
specific targets, triggers or challenges.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">7.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The maximum number of restricted shares granted may not
exceed the limit of 0.2% of the Company's total capital stock on this date, without affecting the maximum time limit for the execution
of the Restricted Share Granting Agreements.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>8.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">GENERAL PROVISIONS</FONT></B></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">8.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The granting of Restricted Shares shall not prevent the
Company from engaging in corporate reorganizations.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">8.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">In the event of a change in the number, class or type
of the Company's shares, for whatever reason, the Board of Directors shall be responsible for assessing any adjustment to the Restricted
Share Grant Plan, in order to avoid losses to the Beneficiaries and the Company.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">8.3.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Restricted Shares Granting Agreements do not provide any
stability or guarantee of employment/statutory relationship to the Beneficiary.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">8.4.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Company is authorized to reduce the total number of
Restricted Shares to be transferred to the Beneficiary, or in any other way that may suit it, in order to comply with legal requirements,
more specifically with regard to the amounts equivalent to the taxes to which it is legally obliged to withhold on behalf of the Beneficiary.</FONT></P>


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<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">8.5.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT> <FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Legal changes that may exist, whether of a labor, corporate,
tax or related nature, may lead to the revision of the Plan.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">8.6.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">If the number of shares issued by the Company is increased,
decreased, or in case of a stock split or reverse stock split, or dividends paid in shares, the Board of Directors may make the appropriate
adjustments to the number of Restricted Shares granted to each Participant, and may also make adjustments on the number of Restricted
Shares granted in order to reflect the economic impact of any distributions of dividends, interest on equity or income in the period between
the date of grant and the transfer of ownership of the shares.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>9.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">PLAN MANAGEMENT</FONT></B></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">9.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Restricted Shares Plan shall be managed by the Company&rsquo;s
Board of Directors, or by a Committee designated by the board.</FONT></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">9.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Company's Board of Directors, in compliance with the
Company's bylaws and applicable legislation, will have broad powers in the management of the Plan to:</FONT></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify">&sect;1&ordm; Elect the Beneficiaries,
as well as define the criteria for the choice;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify">&sect;2&ordm; To sign different
Granting Agreements, in accordance with the company's strategic objectives;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify">&sect;3&ordm; List additional
conditions, such as triggers, fulfillment of goals, achievement of milestones, which must be met in order to transfer the shares by the
Company to the Beneficiary;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify">&sect;4&ordm; Authorize the non-onerous
selling of treasury shares to satisfy the delivery of the shares subject to the Grant Agreement;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify">&sect;5&ordm; To take the necessary
measures to implement the Compensation Plan based on Restricted Shares; and</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in 42.55pt; text-align: justify">&sect;6&ordm; Resolve any omissions
and interpretations regarding the application of the plan.</P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt"><B>10.</B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">TERM OF THE PLAN</FONT></B></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">10.1.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">The Restricted Share Plan will remain in force until April
30, 2028, and may be terminated and/or modified at any time by resolution of the Company's General Shareholders' Meeting.</FONT></P>


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<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify"></P>

<P STYLE="font: 11pt/130% Times New Roman, Times, Serif; margin: 0 0 0.2in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">10.2.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">Any significant legal change with regard to the regulation
of equity companies, publicly-held companies, labor laws and/or the tax effects of a stock grant plan may lead to a full review of the
Restricted Share Plan.</FONT></P>


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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="color: #0070C0; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 2pt 0 6pt; text-align: center">SCHEDULE K</P>

<P STYLE="color: #0070C0; font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 12pt 0; text-align: center">Sections 7.3 to 7.6 of the
Company's Reference Form (information on Ms. Ana Silvia Matte, candidate for member of the Company's Board of Directors)</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>7.3 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Directors:
for each of the directors and members of the supervisory board of the issuer, indicate, in the table:</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Microsoft Sans Serif, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>Name:</B></FONT></TD>
    <TD COLSPAN="5" STYLE="padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>Ana Silvia Corso Matte</B></FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>CPF</B>:</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%">263.636.150-20</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>Profession:</B></FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%">Lawyer</FONT></TD>
    <TD COLSPAN="2" STYLE="padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>Date of Birth</B>:</FONT></TD>
    <TD STYLE="padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%">05/30/1958</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>Professional Experience:</B></FONT></TD>
    <TD COLSPAN="12" STYLE="padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%">Ms. Ana Silvia Corso Matte is a lawyer who graduated from the Federal University
of Rio Grande do Sul, with a post-graduate degree in human resources from PUC/RJ - IAG. She was human resources director at Companhia
Sider&uacute;rgica Nacional, Wella Brasil Ltda., Sendas Distribuidora S.A., and TelSul Servi&ccedil;os Ltda. From 2006 to 2012, she was
the statutory director of People at Light S.A. Since 2012, she has been a board member and conducts consultancy activities in human talent
area, being a founding partner of Ana Silvia Matte Consultoria em Gest&atilde;o Ltda-EPP. She has experience as a board member in companies
such as Cemig Telecomunica&ccedil;&otilde;es S.A., Cemig S.A. and Renova Energia S.A., where she was also coordinator of the talent committee
for 3 years, as well as Eletrobras, where she served as board member from the 2021 AGM to August 2022. In addition to being an angel investor,
she is currently a member of the advisory board of SuperJobs Ventures e Participa&ccedil;&otilde;es Ltda., a company that invests in high-impact
startups, a member of the board of directors and the sustainability committee of Norte Energia S.A., and a member of the board of the
people committee of the IBGC-Brazilian Institute of Corporate Governance. She also has relevant experience in committees, having been
an independent external member of Vale S.A.'s People, Compensation and Governance Committee (second term), an independent external member
of Copel S.A.'s Nomination and Evaluation Committee (first term) and an independent external member of Copel S.A.'s Nomination and Evaluation
Committee (first term). (First term), independent external member of the People Committee of Petrobr&aacute;s S.A. She also currently
serves as independent external member of the People Committee of Eletrobras. Ms. Ana S&iacute;lvia Corso Matte declared not being a politically
exposed person and that there have been no disciplinary or judicial proceedings in the last five years in which she has been convicted
by any decision, whether final or not.</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="15" STYLE="padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>Administrative bodies</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: white 6pt solid; border-bottom: Black 1pt dashed; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>Administration body</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 6pt solid; border-bottom: Black 1pt dashed; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>Election date</B></FONT></TD>
    <TD STYLE="border-right: white 6pt solid; border-bottom: Black 1pt dashed; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>Term of office</B></FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: white 6pt solid; border-bottom: Black 1pt dashed; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>Elective office held</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 6pt solid; border-bottom: Black 1pt dashed; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>Description of other position</B></FONT></TD>
    <TD STYLE="border-right: white 6pt solid; border-bottom: Black 1pt dashed; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>Date in office</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 6pt solid; border-bottom: Black 1pt dashed; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>The controller elected</B></FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt dashed; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%"><B>Start date of first mandate</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: white 6pt solid; border-bottom: Black 1.5pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%">Board of Directors</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 6pt solid; border-bottom: Black 1.5pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%">-</FONT></TD>
    <TD STYLE="border-right: white 6pt solid; border-bottom: Black 1.5pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%">Until the OGM of 2025</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: white 6pt solid; border-bottom: Black 1.5pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%">Board of Directors (Effective)</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 6pt solid; border-bottom: Black 1.5pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%">External member of the People Committee</FONT></TD>
    <TD STYLE="border-right: white 6pt solid; border-bottom: Black 1.5pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%">-</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: white 6pt solid; border-bottom: Black 1.5pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%">N/A</FONT></TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1.5pt solid; padding-top: 3pt; padding-bottom: 3pt; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt; line-height: 115%">04/27/2021<BR>
(2021 AGM)</FONT></TD></TR>
  <TR>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 6%">&nbsp;</TD>
    <TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 19%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD>
    <TD STYLE="width: 8%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 11%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD>
    <TD STYLE="width: 4%">&nbsp;</TD>
    <TD STYLE="width: 7%">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 2.8pt 0 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>7.4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Composition
of the Committees</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 6pt 0; text-align: justify">Not applicable.</P>


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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify; color: #0070C0"><B>7.5 Relationships <FONT STYLE="letter-spacing: -0.1pt">family</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B>Existence of conjugal
relationship, stable union, or relative relationship up to the second degree related to the Company&rsquo;s managers, its subsidiaries
and controlling shareholders.</B></P>

<OL START="1" STYLE="margin-top: 0in; list-style-type: lower-alpha">

<LI STYLE="color: #0070C0; font: 12pt/130% Arial, Helvetica, Sans-Serif; text-align: justify; margin: 0.2in 0"><B>managers of the Company</B></LI>

</OL>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify">There is no conjugal relationship, stable
union, or relative relationship up to the second degree between Ms. Ana Silvia Corso Matte and the Company's managers.</P>

<OL START="2" STYLE="margin-top: 0in; list-style-type: lower-alpha">

<LI STYLE="color: #0070C0; font: 12pt/130% Arial, Helvetica, Sans-Serif; text-align: justify; margin: 0.2in 0"><B>(i) managers of the
Company and (ii) managers of direct or indirect subsidiaries of the issuer</B></LI>

</OL>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify">There is no conjugal relationship, stable
union, or relative relationship up to the second degree between Ms. Ana Silvia Corso Matte and the managers of its direct or indirect
subsidiaries.</P>

<OL START="3" STYLE="margin-top: 0in; list-style-type: lower-alpha">

<LI STYLE="color: #0070C0; font: 12pt/130% Arial, Helvetica, Sans-Serif; text-align: justify; margin: 0.2in 0"><B>(i) managers of the
issuer or its direct or indirect subsidiaries and (ii) direct or indirect controllers of the issuer</B></LI>

</OL>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify">Not applicable, as the company has no direct
or indirect controlling shareholder.</P>

<OL START="4" STYLE="margin-top: 0in; list-style-type: lower-alpha">

<LI STYLE="color: #0070C0; font: 12pt/130% Arial, Helvetica, Sans-Serif; text-align: justify; margin: 0.2in 0"><B>(i) directors of the
issuer and (ii) directors of the issuer's direct and indirect controlling companies</B></LI>

</OL>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify">Not applicable, as the company has no direct
or indirect controlling shareholder.</P>


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<P STYLE="font: 12pt/107% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0.2in 0; text-align: justify; color: #0070C0"><B>7.6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Relationships
of subordination, service provision or <FONT STYLE="letter-spacing: -0.1pt">control</FONT></B></P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">There is no relationship of subordination
between Ms. Ana Silvia Corso Matte and companies controlled, directly or indirectly, by the Company, nor with relevant clients, suppliers
or creditors of the Company and its subsidiaries, in the last three fiscal years.</P>

<P STYLE="font: 12pt/130% Arial, Helvetica, Sans-Serif; margin: 0 0 0.2in; text-align: justify">&nbsp;</P>



<P STYLE="font: italic 12pt Verdana,sans-serif; margin: 0 0 6pt; letter-spacing: 0.75pt; text-align: center"></P>

<P STYLE="font: 5pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0.9pt 0 1pt; text-align: justify"></P>

<P STYLE="font: 5pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0.9pt 0 1pt; text-align: justify"></P>

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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>SIGNATURE</B></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 0 13.5pt; text-indent: 24.5pt">Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 24.5pt">Date: April 18, 2024</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="width: 60%">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="font: 11pt Verdana, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 12pt">CENTRAIS EL&Eacute;TRICAS BRASILEIRAS S.A. - ELETROBR&Aacute;S</FONT></TD></TR>
<TR>
    <TD STYLE="width: 10%">&nbsp;</TD>
    <TD STYLE="width: 87%">&nbsp;</TD>
    <TD STYLE="width: 3%">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; font: 11pt Verdana, Helvetica, Sans-Serif"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">By:</FONT></TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">/</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7.5pt">S</FONT><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt">/&nbsp;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 12pt">Eduardo Haiama</FONT></P>
<HR SIZE="1" NOSHADE ALIGN="LEFT" COLOR="Black" STYLE="width: 100%"></TD>
    <TD>&nbsp;</TD></TR>
<TR>
    <TD STYLE="font: 11pt Verdana, Helvetica, Sans-Serif">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Eduardo Haiama</B></P>
        <P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><B>Vice-President of Finance and Investor Relations</B></P></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 13.5pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>FORWARD-LOOKING STATEMENTS</B></P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">This press release may contain forward-looking statements.
These statements are statements that are not historical facts, and are based on management's current view and estimates offuture
economic circumstances, industry conditions, company performance and financial results. The words &quot;anticipates&quot;, &quot;believes&quot;,
&quot;estimates&quot;, &quot;expects&quot;, &quot;plans&quot; and similar expressions, as they relate to the company, are intended
to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal
operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends
affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect
the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected
events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic
and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual
results to differ materially from current expectations.</P>
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