<SEC-DOCUMENT>0001292814-25-001878.txt : 20250507
<SEC-HEADER>0001292814-25-001878.hdr.sgml : 20250507
<ACCEPTANCE-DATETIME>20250506174135
ACCESSION NUMBER:		0001292814-25-001878
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250630
FILED AS OF DATE:		20250507
DATE AS OF CHANGE:		20250506

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
		EIN:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34129
		FILM NUMBER:		25918568

	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>
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<FILENAME>ebr20250506_6k.htm
<DESCRIPTION>6-K
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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</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 May, 2025</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: italic 12pt Verdana,sans-serif; margin: 0 0 6pt; letter-spacing: 0.75pt; text-align: center">&nbsp;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>BYLAWS OF</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>CENTRAIS EL&Eacute;TRICAS BRASILEIRAS
S.A. &ndash; ELETROBRAS</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>CHAPTER I</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>Corporate Name, Duration, Headquarters
and Corporate Purpose of the Company</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 1</B> - Centrais El&eacute;tricas
Brasileiras S.A. - Eletrobras (&ldquo;<U>Company</U>&rdquo; or &ldquo;<U>Eletrobras</U>&rdquo;) is a publicly-held company, with an indefinite
term and governed by these Bylaws (&ldquo;<U>Bylaws</U>&rdquo;) and the applicable legal provisions.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Sole paragraph - </B>With the
entry of Eletrobras into the special listing segment called Level 1, of B3 S.A. &ndash; Brasil, Bolsa, Balc&atilde;o (&ldquo;<U>B3</U>&rdquo;),
Eletrobras, its shareholders, administrators and members of the Fiscal Council are subject to the provisions of the B3 Level 1 Listing
Regulation (&ldquo;<U>Level 1 Regulation</U>&rdquo;).</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 2 - </B>Eletrobras
has its headquarters and venue in the city of Rio de Janeiro, State of Rio de Janeiro, and may establish, in the country and abroad, branches,
agencies, affiliates and offices.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Sole paragraph - </B>Eletrobras
will exercise effective influence on the management of its subsidiaries, including through the definition of administrative, financial,
technical and accounting guidelines.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 3 - </B>Eletrobras
has as its corporate purpose:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I</B> - carry out studies,
projects, construction and operation of power plants and electricity transmission and distribution lines, as well as the execution of
entrepreneurial acts resulting from these activities, such as the sale of electricity, including retail power trading; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II </B>- promote and support
research of its business interest in the energy sector, related to the generation, transmission and distribution of electricity, as well
as studies of the use of reservoirs for multiple purposes, prospecting and development of alternative sources of energy generation, incentive
to the rational and sustainable use of energy and implementation of smart energy networks.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>Eletrobras
may carry out the activities contained in its corporate purpose through controlled companies (&ldquo;<U>subsidiaries</U>&rdquo;), joint
ventures and invested companies, being allowed the constitution of new companies, including through association with or without power
of control, and the acquisition of shares or capital shares of other companies.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>The Company
may develop other activities related or complementary to its corporate purpose.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 - </B>Eletrobras
shall take all reasonable steps to ensure that its administrators, agents, employees and any other persons acting on its behalf, as well
as its subsidiaries, administrators, agents, employees and any other persons acting on their behalf proceed in accordance with the provisions
of the Eletrobras Code of Conduct, the United States Foreign Corrupt Practices (United States Foreign Corrupt Practices Act of 1977,
15 U.S.C. paragraph 78-dd-1, et seq., as amended), and its subsequent amendments, hereinafter referred to as FCPA and Brazilian anti-corruption
legislation.</P>
<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"></P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4 - </B>Eletrobras
shall guide the Conduct of its business, operations, investments and interactions based on the principles of transparency, corporate responsibility,
accountability and sustainable development.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>CHAPTER ll</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>Capital, Shares and Shareholders</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 4 - </B>The capital
stock is seventy billion, one hundred and thirty-five million, two hundred and one thousand, four hundred and five reais and twenty-seven
cents (BRL 70,135,201,405.27) divided into two billion, twenty-eight million, five hundred and forty-four thousand, two hundred and eighty-six
(2,028,544,286) one hundred and forty-six thousand, nine hundred and twenty (146,920) class &quot;A&quot; preferred shares, two hundred
and seventy-nine million, nine hundred and forty-one thousand, three hundred and ninety-three (279,941,393) preferred shares of class
&quot;B&quot; and one (1) special class preferred share exclusively held by the Federal Government, all without par value.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The shares
of Eletrobras shall be:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>common, in nominative
form, with the right to one vote per share;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>classes &ldquo;A&rdquo;
and &ldquo;B&rdquo; preferred, in the nominative form, without the right to vote at the Shareholders&rsquo; Meetings, except for legal
cases; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>lll - </B>1 (one) special class
preferred share, held exclusively by the Federal Government, without the right to vote at the Shareholders&rsquo; Meetings, except for
the right of veto established in paragraph 3 of article 11 of these Bylaws.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>The shares
of both types may be kept in deposit accounts in the name of the respective holders, under the book-entry regime, without issuing certificates,
in a financial institution contracted for this purpose.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 - </B>Whenever
there is a transfer of ownership of shares, the depositary financial institution may charge, from the selling shareholder, the cost related
to the service of such transfer, subject to the maximum limits set by the Brazilian Securities and Exchange Commission &ndash; CVM.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4 - </B>The voting
rights of common shares at Shareholders&rsquo; Meetings shall be applied in compliance with the limits set forth in these Bylaws.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 5 - </B>Eletrobras
is authorized to increase its capital up to the limit of one hundred billion Brazilian reais (BRL 100,000,000,000.00), by resolution
of the Board of Directors, regardless of statutory reform, through the issuance of common shares.</P>
<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"></P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The Board
of Directors shall establish the conditions of issue, subscription, form and term of Payment, price per share, form of placement (public
or private) and its distribution in the country or abroad.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>At the discretion
of the Board of Directors, the issuance of shares, debentures convertible into shares and subscription bonuses may be carried out, within
the limit of the authorized capital, without preemptive Rights or with reduction of the term referred to in article 171, paragraph 4 of
Law 6,404/1976, as amended (&ldquo;<U>Brazilian Corporations Law</U>&rdquo;), whose placement is made through sale on the stock Exchange
or by public subscription, or in accordance with a stock option plan approved by the Shareholders&rsquo; Meeting, under the terms established
by law.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 6 - </B>It is forbidden
for any shareholder or group of Shareholders, Brazilian or foreign, public or private, to exercise the right to vote in a number greater
than the equivalent to the percentage of ten percent (10%) of the total number of shares in which the voting capital of Eletrobras is
divided, regardless of its participation in the capital.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Sole paragraph</B> - If the
preferred shares issued by Eletrobras confer voting Rights under the terms of article 111, paragraph 1, of Brazilian Corporations Law,
the limitation contained in the caput of this article 6 will cover such preferred shares, so that all shares held by the shareholder or
group of shareholders that confer voting rights in relation to a particular resolution (whether common or preferred) are considered for
the purpose of calculating the number of votes according to the caput of this article.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 7 - </B>It is forbidden
to enter into shareholders&rsquo; agreements that aims to regulate the exercise of the right to vote in a number greater than that corresponding
to the percentage of ten percent (10%) of the total number of shares in which the voting capital of Eletrobras is divided, including in
the case described in article 6, sole paragraph.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The Company
will not file a shareholders' agreement on the exercise of voting rights that conflicts with the provisions of these Bylaws.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>The chairman
of the Eletrobras meeting shall not count votes cast in disagreement with the rules stipulated in articles 6 and 7 of these Bylaws, without
prejudice to the exercise of the right of veto by the Federal Government, pursuant to paragraph 3 of article 11 of these Bylaws.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 8 - </B>For the purposes
of these Bylaws, two or more shareholders of the Company shall be considered as a group of shareholders:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>That are parties to
a voting agreement, either directly or through controlled companies, controlling companies or under common control;</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>If one is, directly
or indirectly, a controlling shareholder or controlling company of the other or others;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III -</B> Which are companies
directly or indirectly controlled by the same person or company, or group of persons or companies, shareholders or not; or</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV - </B>Companies, associations,
foundations, cooperatives and trusts, investment funds or portfolios, universality of rights or any other forms of organization or enterprise
with the same administrators or managers, or whose administrators or managers are companies directly or indirectly controlled by the same
person or company, or group of persons or companies, shareholders or not.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>In the case
of investment funds with a common administrator or manager, shall be considered as a group of shareholders only those whose investment
policy and exercise of votes at shareholders' meetings, under the terms of the respective regulations, are responsibility of the administrator
or manager, as the case may be, on a discretionary basis.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>In addition
to the provisions of the <I>caput </I>and preceding paragraph of this article, any shareholders represented by the same agent, administrator
or representative in any capacity shall be considered parts of the same group of shareholders, except in the case of holders of securities
issued under the Company's Depositary Receipts program, when represented by the respective depository bank, provided that they do not
fall within any of the other cases provided for in the <I>caput </I>or in paragraph 1 of this article.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 - </B>In the case
of shareholders' agreements that deal with the exercise of the right to vote, all its signatories will be considered, in the form of this
article, as members of a group of shareholders, for the purpose of applying the limitation on the number of votes referred to in articles
6 and 7.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4 - </B>The shareholders
must keep Eletrobras informed about their membership in a group of shareholders under the terms of these Bylaws, if such group of shareholders
holds, in total, shares representing ten percent (10%) or more of the voting capital of Eletrobras.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 5 - </B>The members
of the board of the shareholders' meetings may request from the shareholders documents and information, as they deem necessary to verify
the eventual belonging of a shareholder to a group of shareholders that may hold ten percent (10%) or more of the voting capital of Eletrobras.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 9 - </B>The shareholder
or group of shareholders who, directly or indirectly, becomes the holder of common shares that, together, exceed thirty percent (30%)
of the voting capital of Eletrobras and that does not return to a level below such percentage within one hundred and twenty (120) days
shall make a public offer for the acquisition of all other common shares, for an amount at least one hundred percent (100%) higher than
the highest price of the respective shares in the last five hundred and four (504) trading sessions, updated by the rate of the Special
System of Settlement and Custody - SELIC.</P>
<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"></P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Sole paragraph - </B>The obligation
to make a public offer of acquisition, under the terms of the <I>caput, </I>will not apply to the effective participation, directly or
indirectly, of the Federal Government in the voting capital of the Company on the date of entry into force of the provision, but will
apply if in the future, after reduction, its participation will increase and exceed the percentage of thirty percent (30%) of the voting
capital of the Company.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 10 - </B>The shareholder
or group of shareholders who, directly or indirectly, becomes the holder of common shares that, together, exceed fifty percent (50%) of
the voting capital of Eletrobras and does not return to a level below such percentage within one hundred and twenty (120) days shall make
a public offer for the acquisition of all other common shares, for an amount at least two hundred percent (200%) higher than the highest
price of the respective shares in the last five hundred and four (504) trading sessions, updated by the rate of the Special System for
Settlement and Custody &ndash; SELIC.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Sole paragraph - </B>The obligation
to make a public offer for acquisition, under the terms of the <I>caput, </I>will not apply to the effective participation, directly or
indirectly, of the Federal Government in the voting capital of the Company on the date of entry into force of the provision, but will
apply if in the future, after the Offer, its participation increases and exceeds the percentage of fifty percent (50%) of the voting capital
of the Company.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 11 - </B>The preferred
shares cannot be converted into common shares and, in the</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">case of classes &quot;A&quot;
and &quot;B&quot;, will have priority in reimbursement of capital and distribution of dividends.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The preferred
shares of class &ldquo;A&rdquo;, which are those subscribed until June 23, 1969, and those resulting 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 belonging
to this type and class of shares, to be apportioned equally among them.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>The preferred
shares of class &ldquo;B&rdquo;, which are those subscribed as of June 23, 1969, will have priority in the distribution of dividends,
which will be levied at the rate of 6% (six percent) per year, on the capital belonging to this type and class of shares, dividends to
be apportioned equally among them.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 - </B>The special
class preferred share, exclusively owned by the Federal Government, created based on article 3, item III, subparagraph 'c', of Law No.
14,182, of 2021, with article 17, paragraph 7, of Brazilian Corporations Law, gives the Federal Government the power of veto in corporate
resolutions aimed at modifying the Bylaws for the purpose of removing or modifying the limitation on the exercise of the right to vote
and entering into a shareholders' agreement, established in articles 6 and 7 of these Bylaws.</P>
<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"></P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4 - </B>Class &quot;A&quot;
and class &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 are guaranteed the lowest of the minimum dividends provided for in paragraphs 1 and 2, subject
to the provisions of paragraph 5.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 5 - </B>Class &ldquo;A&rdquo;
and class &ldquo;B&rdquo; preferred shares shall be entitled to receive a dividend, for each share, at least ten percent (10%) greater
than that attributed to each common share.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 12 - </B>The capital
increases of Eletrobras will be carried out through public or private subscription and incorporation of reserves, capitalizing Resources
through the modalities admitted by law.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Sole paragraph - </B>In capital
increases, preference will be assured to all Eletrobras shareholders, in proportion to their shareholding, except in the case of paragraph
2 of Article 5.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 13 - </B>The payment
of shares shall comply with the rules and conditions established by the Board of Directors.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Sole paragraph - </B>The shareholder
who does not make the payment in accordance with the rules and conditions referred to in this article shall be in full right constituted
in arrears, applying monetary restatement, interest of twelve percent per year and a fine of ten percent on the amount of the installment
due.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 14 - </B>Eletrobras
may issue non-convertible securities and debentures.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 15 - </B>Eletrobras,
by resolution of the Board of Directors, may acquire its own shares for cancellation, or permanence in treasury and subsequent disposal,
provided that up to the amount of the balance of profits and reserves, except the legal reserve, subject to the applicable legal and regulatory
provisions.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 16 - </B>The redemption
of shares of one or more classes may be effected by resolution of the Extraordinary General Meeting, regardless of approval at the Special
Meeting of the shareholders of the species and classes affected, except for the preferential share of the special class, held exclusively
by the Federal Government, which can only be redeemed with legal authorization.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>CHAPTER III</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>The Shareholders&rsquo; Meeting</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 17 - </B>The Annual
Shareholders&rsquo; Meeting shall be held within the first four (4) months following the end of the fiscal year, on a day and time previously
fixed, to:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>take the management
accounts, examine, discuss and vote on the financial statements;</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>resolve on the allocation
of net income for the year and the distribution of dividends;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>elect the members
of the Board of Directors and the Fiscal Council;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV - </B>establish the individual
amount of the remuneration of the members of the Fiscal Council, subject to the applicable legislation; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>V - </B>establish the annual
global amount of the remuneration of the administrators and members of the Advisory Committees to the Board of Directors.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 18 - </B>In addition
to the matters provided for in the Brazilian Corporations Law, the Shareholders&rsquo; Meeting shall deliberate on matters submitted to
it by the Board of Directors and other matters within its competence.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The Shareholders&rsquo;
Meeting shall meet in person or digital formats, or partially digital, according to the legislation in force, and shall only resolve on
matters on the agenda, contained in the respective call notice, and the approval of matters under generic rubric is prohibited.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>The resolutions
of the Meeting shall be taken by majority vote, except for those that require a qualified quorum, with the vote of each shareholder proportional
to its shareholding in the Company's capital, respecting the limit corresponding to ten percent (10%) of the voting capital for the vote
of each shareholder and group of shareholders, pursuant to articles 6 and 7 of these Bylaws.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 - </B>For the purposes
of verifying the quorum for approval of a resolution, the calculation of the total number of possible votes shall consider the limitation
of votes provided for in paragraph 2 of this article.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4 - </B>The resolutions
of the Meeting shall be recorded in the minute book, and may be drawn up in summary form.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 5 - </B>Explanations
of vote may be recorded, if the shareholder or its representatives so wishes.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 6 - </B>The abstention
from voting, when it occurs must be included in the minutes and the disclosure document of the Meeting.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 7 - </B>The board
that will direct the work of the Shareholders&rsquo; Meeting will be chaired by the Chairman of the Board of Directors, or by a substitute
chosen by the said management body, and the chairman of the board is responsible for the appointment of the secretary.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 19 - </B>The shareholder
may be represented by a power of attorney at the Shareholders&rsquo; Meetings, pursuant to article 126, paragraph 1 of Brazilian Corporations
Law.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The documents
proving the condition of shareholder and its representation must be delivered according to the call notice.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>All shareholders
who comply with the requirements set forth in the call notice shall be admitted to the Shareholders&rsquo; Meeting.</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 -</B> The recognition
of the signature of the power of attorney granted by shareholders not resident in the country and by the holder of American Depositary
Receipts (ADR) is waived, and the instrument of representation must be deposited in timely manner at the headquarters of Eletrobras.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>CHAPTER IV</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>Rights Attributed to the Federal
Government</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 20 </B>- The Federal
Government, on behalf of the shareholders that are part of its group of shareholders, pursuant to Article 8 of these Bylaws (&quot;<U>Federal
Government Shareholders' Group</U>&quot;), considering the provisions of the Conciliation Agreement No.&nbsp;07/2025/CCAF/CGU/AGU-GVDM,
entered into within the scope of the Direct Action for the Declaration of Unconstitutionality No. 7,385 (&quot;<U>Conciliation Agreement</U>&quot;),
the terms of which were approved at Eletrobras' extraordinary general meeting held on 29 April 2025 (&quot;<U>Conciliation Meeting</U>&quot;),
shall have the right to elect, by means of a separate vote:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I</B> &ndash; three (3) members
to the Board of Directors of Eletrobras; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II</B> &ndash; one (1) member
of the Fiscal Council of Eletrobras, and his/her respective alternate.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1</B> - If, for any
reason, the Federal Government Shareholders' Group holds a percentage of less than thirty percent (30%) of the voting capital stock of
the Company, the right of the Federal Government, on behalf of the Federal Government Shareholders' Group, to elect directors by means
of a separate vote, as provided for in the caput of this Article 20, will be partially reduced, so that the Federal Government, on behalf
of the Federal Government Shareholders&rsquo; Group, will have the right to elect, by means of a separate vote:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I</B> - two (2) members to
the Board of Directors of Eletrobras; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II</B> - 1 (one) member of
the Fiscal Council of Eletrobras, and his/her respective alternate.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2</B> - If, for any
reason, Federal Government&rsquo;s Shareholders Group holds a percentage of less than twenty percent (20%) of the voting capital stock
of the Company, the right of the Federal Government, on behalf of the Federal Government&rsquo;s Shareholders Group, to elect directors
by means of a separate vote, provided for in the caput and first paragraph of this Article 20, will be automatically extinguished, so
that the Federal Government, on behalf of the Federal Government Shareholders&rsquo; Group, will not have the right to elect, by means
of a separate vote, any number of members to the Board of Directors or to the Fiscal Council of Eletrobras.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3</B> - In the event
that the Federal Government Shareholders&rsquo; Group has its voting participation percentage in the Company&rsquo;s stock capital reduced,
pursuant to the first and second paragraphs of the caput of Article 20 of these Bylaws, such reduction shall not impact the current term
of office of the directors elected by means of a separate vote by the Federal Government, on behalf of the Federal Government Shareholders&rsquo;
Group.</P>
<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"></P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4</B> - In the event
that the Federal Government Shareholders&rsquo; Group holds, at any time, a voting participation percentage in the Company&rsquo;s stock
lower than that required for the maintenance of the rights provided for in the first and second paragraphs of the caput of Article 20
of these Bylaws, as the case may be, the right of election shall automatically be definitively extinguished under the terms and amounts
set forth therein, even if the Federal Government Shareholders&rsquo; Group subsequently holds a participation in an amount equal to or
greater than such percentages.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 5 </B>- The candidates
nominated by the Federal Government pursuant to this Article 20 and respective paragraphs shall comply with the provisions of these Bylaws
and the applicable Eletrobras&rsquo; internal policies, including their eligibility.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 21</B> - The right
to elect, by means of a separate vote, attributed to the Federal Government, on behalf of the Federal Government Shareholders&rsquo; Group,
provided for in the caput of Article 20, has a personal nature (intuito personae). Thus, such right is not attributed to any of the shares
issued by Eletrobras, including, without limitation, the special class preferred share provided for in item III of paragraph 1 of Article
4 of these Bylaws, so that it may not be transferred in any way to any other person or entity, including entities that are part of the
Federal Government Shareholders&rsquo; Group, whether free of charge or for consideration, including through a power of attorney, and
can be exercised solely and exclusively by the Federal Government.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 22</B> - While the
Federal Government, on behalf of the Federal Government Shareholders&rsquo; Group, holds the right to elect, by means of a separate vote,
any number of members for the Company's Board of Directors and Fiscal Council, the Federal Government and the members of the Federal Government
Shareholders&rsquo; Group shall abstain from performing the following acts: according to the obligation assumed in the Conciliation Agreement:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I</B> - To demand the election
of members of the Company's Board of Directors by multiple vote, as provided for in article 141 of the Brazilian Corporations Law and
other applicable provisions, and, if such election is requested by another candidate(s), to nominate candidates and/or vote in said election;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II</B> - Nominating candidates
and/or voting in the general election of members of the Board of Directors, whether this is an election by candidates, by slate or by
multiple vote, including for the purposes of article 141, paragraph 4, item I, of the Brazilian Corporations Law and other applicable
provisions;</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III</B> &ndash; Nominating
candidates and/or voting in the election of a member of the Board of Directors appointed by the shareholders holding preferred shares,
including within the scope of the right granted by article 141, paragraph 4, item II, of the Brazilian Corporations Law and other applicable
provisions;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV</B> &ndash; Nominating candidates
and/or voting in the election of a member of the Fiscal Council and their respective alternate, appointed by the shareholders holding
preferred shares, as provided for in article 161, paragraph 4, item &quot;a&quot; of the Brazilian Corporations Law and other applicable
provisions; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>V</B> &ndash; Nominate candidates
and/or vote in the general election of members of the Fiscal Council and their respective alternates, whether this is an election by candidate
or by slate, including for the purposes of article 161, paragraph 4, items &quot;a&quot; and &quot;b&quot; of the Brazilian Corporations
Law and other applicable provisions.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 23</B> - It shall be
exclusively incumbent upon the Federal Government, on behalf of the Federal Government Shareholders&rsquo; Group, to submit to the Company
the name and all other information of the persons it intends to elect to the Company's Board of Directors and/or Fiscal Council, by means
of a separate vote provided for in Article 20 and respective paragraphs of these Bylaws, provided that such submission must occur at least
sixty (60) days prior to the date of the general meeting whose agenda is the election of members of the Company's Board of Directors and/or
Fiscal Council, according to the annual calendar disclosed by Eletrobras, in order to enable the analysis provided for in the sixth paragraph
of Article 28 of these Bylaws and Eletrobras' internal policies.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 24</B> - The members
of the Board of Directors elected by the Federal Government, on behalf of the Federal Government Shareholders&rsquo; Group, by means of
a separate vote pursuant to Article 20 and respective paragraphs of these Bylaws shall not be considered as independent for all purposes.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 25</B> - The Company
shall disregard, for all intents and purposes, the acts performed, at any time, by the Federal Government and by any of the shareholders
that are part of the Federal Government Shareholders&rsquo; Group carried out in disagreement with the provisions of the Conciliation
Agreement and/or these Bylaws, including by an act of the chairman of the meeting or assembly in the context of which the act in question
was carried out.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>CHAPTER V</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>Management</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 26 - </B>The Management
of Eletrobras, in the form of these Bylaws and the governing legislation, is the responsibility of the Board of Directors and the Executive
Board of Officers.</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 27 - </B>The exercise
of the positions of members of the Eletrobras Management, resident or not in the country, is private to individuals, and the management
Guarantee may be required for any position of administrator.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Sole paragraph -</B> The minutes
of the Shareholders&rsquo; Meetings or meeting of the Board of Directors, which elect, respectively, directors and officers of the Company,
shall contain the qualification of each of the elected members and the term of office and, when the law, these Bylaws, policies and standards
of Eletrobras require certain requirements for the investiture in the position of management of Eletrobras, only those who have exhibited
the necessary proof of such requirements may be elected and sworn in, of which an authentic copy shall be filed at the registered office.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 28 - </B>The investiture
in the management position of Eletrobras shall comply with the requirements and impediments imposed by legislation, by these Bylaws and,
as applicable, by the internal regulations of the Company that provide for indications of administrators and fiscal directors.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>Only persons
with an unblemished reputation, professional knowledge and experience appropriate to the position and effective availability of time to
devote to the duties may be elected to the Board of Directors.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>Due to absolute
incompatibility, the investiture of the Board of Directors and Executive Board of Officers is prohibited:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>representative of the
regulatory body to which the Company is subject, of Minister of State, Secretary of State, Municipal Secretary, holder of a position,
without a permanent link with the public service, of a special nature or of direction and superior advice in the public administration,
of statutory leader of a political party and a holder of a mandate in the Legislative Branch of any entity of the federation, even if
licensed from the position;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>of a person who has
acted, in the last thirty-six (36) months, as a participant in the decision-making structure of a political party or in work linked to
the organization, structuring and carrying out of an electoral campaign;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>of a person who holds
a position in a union organization.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV &ndash; </B>of a person
who has been declared ineligible by a competent public body or authority to hold a commissioned position or a position of trust within
the Public Administration, for as long as the period of ineligibility persists;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>V &ndash; </B>of a person who
already serves on 4 (four) or more boards of directors of publicly-held companies not controlled by Eletrobras, with this threshold reduced
to 2 (two) or more if the person is the chairman of the board of directors of a publicly-held company not controlled by Eletrobras, and
to 1 (one) or more if the person is an executive officer of another publicly-held company not controlled by Eletrobras.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 - </B>Unless waived
by the General Shareholders' Meeting on the grounds of prior justification forwarded to the Company by the shareholder or group of shareholders
responsible for the nomination, which is conflicted to vote on the waiver request, persons may not be elected to the Board of Directors
if they:</P>
<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"></P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>hold positions in a
company that may be considered a competitor of the Company or its subsidiaries, the Company itself being responsible for evaluating and
identifying its competing agents; or</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>have or represent
a conflicting interest with that of the Company or its subsidiaries.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4 - </B>For the purposes
of item II of Paragraph 3 of Article 22, a person who has an employment relationship with the Company or its subsidiaries, or who is the
spouse, partner or relative up to the 2nd degree of an employee of Eletrobras or its subsidiaries, shall be presumed to have a conflicting
interest.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 5 - </B>The shareholder
who nominates a candidate to be a member of the Eletrobras Board of Directors must inform the Company that the candidate meets all the
investment requirements, in addition to reporting the other activities and positions, boards and committees that he or she is a member
of, including the position of chairman of the board of directors and executive positions in corporations.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 6 - </B>Legal and
integrity requirements of the managers must be analyzed by the People and Governance Committee.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 7 - </B>The administrators
and members of statutory committees will be invested in their positions by signing a term of investiture made available by the Company,
within a maximum period of up to thirty (30) days, counted from the election, which will include the submission of the sworn-in to the
Eletrobras Code of Conduct and other internal regulations issued by the Company.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 8 - </B>If the term
of investiture is not signed within thirty (30) days after the election, it will become null and void, unless justified by the management
body for which it has been elected.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 9 - </B>The instrument
of investiture must contain, under penalty of nullity, the indication of at least one domicile in which the administrator or external
member of the statutory committee will receive the summons and subpoenas in administrative and judicial proceedings related to acts of
its management and/or attribution, which will be considered fulfilled upon delivery to the indicated domicile, which can only be changed
by written communication to Eletrobras.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 10 - </B>The investiture
of the Director residing or domiciled abroad is subject to the constitution of a representative residing in the Country, with powers to
receive service of process in actions against him/her proposed based on Brazilian Corporations Law, by means of a power of attorney with
an expiration date that must extend for at least three (3) years after the expiration of the Director's term of office.</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 11 - </B>When taking
office, the administrator must subscribe to the Administrators&rsquo; Term of Consent, in accordance with the Provisions of the Level
1 Regulation, and observe the other applicable legal requirements.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 12 - </B>A vote cast
by a shareholder for the election of a member of the Board of Directors that does not meet the requirements of this article shall be considered
abusive for the purposes of article 115 of Brazilian Corporations Law.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 29 - </B>It is forbidden
for the administrator to deliberate on a matter conflicting with its interests or related to third parties under its influence, pursuant
to article 156 of Brazilian Corporations Law, and the accumulation of the positions of chairman of the board of directors and chief executive
officer or executive of the Company by the same person is also prohibited.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Sole paragraph -</B> The administrator
who is conflicted in relation to the topic to be discussed must previously express his conflict of interest or private interest, withdraw
from the meeting, refrain from discussing the topic and request registration in the minutes of his absence in the conclave.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 30 - </B>The term of
office of the members of the Board of Directors and the Executive Board of Officers shall be extended until the effective investiture
of the new members.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 31 - </B>The Board
of Directors and the Executive Board of Officers shall deliberate with the presence of the majority of its members and its resolutions
shall be taken, respectively, by the vote of the majority of the directors or officers present, except in the cases of qualified quorum
established in article 26 of these Bylaws.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The minutes
of the meeting of each management body shall be clearly written and record the resolutions taken, which may be drawn up in summary form,
in addition to the persons present, the divergent votes and abstentions from voting, and shall be signed by all members present physically,
remotely and electronically.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>The minutes
of the meetings of the Board of Directors that contain a resolution intended to produce effects before third parties shall be filed in
the Registry of Commerce and published.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 - </B>The Board
of Directors shall meet, ordinarily, once a month, and the Executive Board of Officers, four times a month, permitting in person, digital
and hybrid formats, the vote between absent and any other means that enable the authentic and reliable registration of the expression
of will of its members, in the form and conditions provided for in their respective Internal Regulations.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4 - </B>It is incumbent
upon the respective Chairmen, or the majority of the members of each body of Eletrobras&rsquo; management, to call the meetings of the
Board of Directors and the Executive Board of Officers.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 5 - </B>In relation
to the decision-making processes of the collegiate management bodies, the following tie-breaking criteria shall be observed:</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">I &ndash; in the decisions of
the Board of Directors, the vote of the block containing the largest number of independent directors shall prevail and, if the tie persists,
the vote of the Chairman of the Board of Directors shall also exercise the function of tie-breaker; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">II &ndash; in the decisions of
the Executive Board, the Chairman of the Company, shall have, in addition to the personal vote, the tie-breaker.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 6 - </B>The Board
of Directors shall meet: (i) at least once a year, without the presence of the President of the Company; (ii) at least twice a year with
the presence of the independent external auditors.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 7 - </B>The members
of the Board of Directors shall have reimbursed their expenses of food, transportation and stay, whenever residents outside the city in
which the meeting is held and, only of transportation and food, when resident in the city.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 32 - </B>The approval
of the qualified majority of 6 (six) out of 10 (ten) members of the Board of Directors is required for deliberation on:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>constitution of new
companies though the association of Eletrobras and/or subsidiaries with third parties, referred to in paragraph 1 of article 3 of these
Bylaws;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>transactions with
related parties of any nature, except for the direct or indirect subsidiaries of the Company, observing the levels established in the
rules on Eletrobras&rsquo; powers allocation and without prejudice to the legal competence of the meeting;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>issuance of securities
within the authorized capital;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV - </B>amendment of the dividend
distribution policy;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>V - </B>declaration of interim
dividends; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VI &ndash; </B>appointment
of the director who will act as Chairman of the Board of Directors; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VII &ndash; </B>approval and
amendment of its Internal Bylaws and the Internal Bylaws of its advisory committees.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 33 - </B>The members
of the Board of Directors and the Executive Board of Officers shall be liable, in accordance with the legislation in force, individually
and jointly, for the acts they perform and for the losses resulting from them to the Company.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The Company
shall ensure the defense in judicial and administrative proceedings to its administrators, present and past, in addition to maintaining
a permanent insurance contract in favor of these administrators, to protect them from liability for acts arising from the exercise of
the position or function, in cases where there is no incompatibility with the interests of the Company, covering the entire term of exercise
of the respective mandates, as long as the legal standards of conduct to which they are subject are observed.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>The guarantee
provided for in the previous paragraph extends to:</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>to the members of the
Fiscal Council and the members of the statutory advisory committees, present and past,</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>to the occupants of
trust function, present and past; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>employees and agents,
present and past, who legally act by delegation of the Company&rsquo;s administrators.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 - </B>The Company
may also enter into indemnity agreements with members of the Board of Directors, Fiscal Council, Executive Board of Officers, committees,
occupants of a position of trust and all other employees and agents who legally act by delegation of the Company's administrators, in
order to cope with certain expenses related to arbitration, judicial or administrative proceedings involving acts performed in the exercise
of their duties or powers, as from the date of their possession or the beginning of the contractual relationship with the Company.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4 - </B>Indemnity
agreements shall not cover:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>acts performed outside
the exercise of the duties or powers of its signatories;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>acts with bad faith,
intent, serious fault or fraud;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>acts performed in
their own interest or that of third parties, to the detriment of the company&rsquo;s social interest;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV - </B>indemnities arising
from social action provided for in article 159 of Brazilian Corporations Law or compensation for losses referred to in article 11, paragraph
5, item II, of Law No. 6,385/1976; or</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>V - </B>other cases provided
for in the indemnity contract.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 5 - </B>The indemnity
contract shall be adequately disclosed and provide, among other issues:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>the limit value of
the coverage offered;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>the coverage period;
and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>the decision-making
procedure regarding the Payment of coverage, which should guarantee the independence of decisions and ensure that they are taken in the
interest of the Company.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 6 - </B>The beneficiary
of the indemnity contract will be obliged to return to the Company the amounts advanced in cases where, after a final unappealable decision,
it is proven that the act practiced by the beneficiary is not subject to indemnification, under the terms of the contract.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 7 - </B>It is assured
to the Administrators and Fiscal Directors, as well as to the former administrators and former directors, the knowledge of information
and documents contained in the Company&rsquo;s records or database, indispensable to the administrative or judicial defense, in actions
proposed by third parties, of acts practiced during their term of office or mandate.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 8 -</B> In the event
of the previous paragraph, the former administrators and former directors will only have access to information and documents classified
by the Company as confidential after signing a confidentiality agreement made available by the Company.</P>
<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"></P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>CHAPTER VI</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>The Board of Directors</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 34 - </B>The Board
of Directors shall be composed of ten (10) members, elected and dismissed by the Shareholders' Meeting, without alternates, with a unified
term of office of two (2) years, with reelection permitted, including: (i)&nbsp;one (1) board member elected in a separate vote at the
Shareholders' Meeting, by a majority of the shareholders holding preferred shares issued by Eletrobras; and (ii)&nbsp;three (3) board
members elected by the Federal Government, representing the Federal Government Shareholders&rsquo; Group, in a separate vote at the Shareholders'
Meeting, pursuant to Article 20 and respective paragraphs of these Bylaws, if the conditions set forth therein are met.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>Only shall
be able to exercise the right to separate election provided for in item (ii) of Article 33 above, the preferred shareholders who prove
the uninterrupted ownership of their shares during the period of three months, at least, immediately prior to the holding of the General
Meeting, subject to the provisions of Chapter V.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>The Board
of Directors shall be composed of at least six (6) five (5) independent members.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 - </B>The characterization
as an Independent Director must be resolved in the minutes of the Shareholders&rsquo; Meeting that elects him, observing the provisions
issued by the CVM and the regulation of Novo Mercado, of B3, based on the statement sent by the nominee or on the manifestation of the
Board of Directors on the classification of the nominee in the independence criteria, inserted in the management&rsquo;s proposal for
the Meeting.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4 - </B>Without prejudice
to the independence provisions set forth by the CVM and the regulation of Novo Mercado, a member of the Board of Directors shall not be
considered independent if they:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">I &ndash; hold more than 10% (ten
percent) of the total number of shares into which the voting capital of Eletrobras is divided; or</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">II &ndash; have a material relationship,
management relationship or employment relationship, or equivalent, with a shareholder or group of shareholders that holds more than 10%
(ten percent) of the total number of shares into which the voting capital of Eletrobras is divided.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 5 - </B>The Board
of Directors shall appoint, from among its members, its Chairman, who may not hold more than one position as a board member of a publicly-held
company not controlled by Eletrobras, and whose responsibility it shall be to designate, from among the directors, their eventual substitute
in cases of temporary absences.</P>
<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"></P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 35 - </B>In addition
to the cases provided for by law, vacancy of office will occur when the member of the Board of Directors fails to attend three consecutive
meetings or four interspersed meetings, in the last twelve (12) meetings, without justified reason or license granted by the Board of
Directors.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>In the event
of a vacancy in the position of a director appointed to serve as Chairman of the Board of Directors, a new Chairman of the Board of Directors
will be appointed at the subsequent meeting of this collegiate body.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 -</B> In the event
of vacancy in the position of director, the applicable legal provisions shall be observed.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 36</B> - The Board
of Directors is the senior management body responsible for establishing the general orientation of the Company&rsquo;s business, defining
its strategic direction, ensuring the proper functioning of corporate governance systems, risk management and internal controls and preserving
the orderly succession of the management, aiming at the long-term interests of the Company, its continuity and the generation of sustainable
value, and it is also responsible, without prejudice to the powers provided for in the legislation in force:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B><I>Strategy:</I></B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I &ndash; </B>establish the
guidelines and strategic objectives of the Company, including the definition of business identity;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II &ndash; </B>discuss, approve,
on a proposal from the Executive Board of Officers, and monitor the strategic plan, the respective multiannual plans, as well as the annual
budget and investment plans and programs, the goals, as well as evaluate the results in the execution of said plans;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>define the strategy
of commercialization, business growth and investment expansion, as well as the guidelines on transactions and execution of contracts for
the purchase and sale of electric energy of Eletrobras and its subsidiaries, as well as their positions in lawsuits related to the Electric
Energy market;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV - </B>approve the investment
projects of Eletrobras and its subsidiaries, to the extent defined by the internal regulations in force defined by Eletrobras that regulate
the levels of approval in Eletrobras companies;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B><I>Financial statements, dividends
and meetings:</I></B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>V - </B>express an opinion
on the management reports, as well as on the accounts of the Executive Board of Officers;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VI - </B>submit to the Annual
Shareholders&rsquo; Meeting, each fiscal year, the management report and the financial statements, as well as the proposal for distribution
of dividends and application of surplus amounts, attaching its opinion and the opinion of the Fiscal Council, and the report of the independent
auditors;</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VII - </B>authorize the call
and submit to the Shareholders&rsquo; Meeting issues related to the deliberative body of the shareholders, with prior manifestation on
the proposals contained in the convening instrument, not admitting the inclusion of the item &ldquo;general matters&rdquo;;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VIII - </B>analyze, at least
quarterly, the balance sheet and other financial statements prepared periodically by the Company, without prejudice to the performance
of the Fiscal Council;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IX - </B>resolve on the declaration
of interim dividends and on the payment of interest on equity, upon proposal of the Executive Board of Officers;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B><I>Securities and corporate
transactions:</I></B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>X - </B>authorize the acquisition
of shares issued by Eletrobras, for the purpose of cancellation or permanence in treasury and subsequent disposal, as well as resolve
on the issuance of simple debentures, not convertible into shares with or without collateral, as well as promissory notes and other securities
not convertible into shares;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XI - </B>approve the issuance
of common shares, debentures convertible into common shares and subscription bonuses, up to the limit of the authorized capital, establishing
the conditions of issuance, including the price and term of payment;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XII - </B>exchange of shares
or other securities issued by the Company;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XIII - </B>express a prior
opinion on the vote to be cast within the scope of the subsidiaries and affiliates, in relation to the operations of incorporation, spin-off,
merger and transformation;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B><I>Governance:</I></B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XIV &ndash; </B>approve its
Internal Regulations and those of its advisory committees, the Eletrobras Code of Conduct, the main policies of the Eletrobras companies,
as defined by the Board of Directors itself, including policies dealing with dividends, transactions with related parties, equity interests,
compliance, risk management, hedge, personnel, remuneration, indication, environmental, sustainability, social responsibility, governance,
as well as normatives dealing with powers, remuneration and appointment of administrators and personnel;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XV - </B>elect and dismiss,
at any time, the members of the Company&rsquo;s Executive Board of Officers;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XV - </B>elect and dismiss,
at any time, the members of the Company&rsquo;s Executive Board of Officers;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XVI &ndash; </B>appoint and
dismiss the holder of the Internal Audit, the holder of Corporate Governance and the holder of the Secretariat of Governance;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XVII &ndash; </B>elect the
members of the advisory committees and working groups of the Board of Directors, among its members and/or among market people of notorious
experience and technical capacity in relation to the specialty of the respective Committee;</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XVIII -</B>&#9;define the variable
remuneration program an establish the individual amount of monthly remuneration due to its members, the members of its advisory committees
and the members of the Executive Board of Officers, taking into account the responsibilities, the time dedicated to the functions, the
competence, the professional reputation and the value of its services in the market;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XIX - </B>evaluate, the periodically
collective performance of the Board of Directors, its Committees, and the Secretariat of Governance, as well as the individual performance
of its members, the Chairman of the Board of Directors, and the CEO, and also evaluate, discuss and approve the results of the evaluations
of the Executive Board.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XX - </B>approve indications,
proposed by the Executive Board of Officers, of the persons who must integrate management, advisory and fiscal bodies of the subsidiaries
and of the companies and entities in which the Company and its subsidiaries have participation, including indirect ones, and in cases
where it deems appropriate, delegate such attribution to the Executive Board of Officers;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXI - </B>resolve on matters
that, by virtue of legal provision or by determination of the Shareholders&rsquo; Meeting, fall under its purview;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXII -</B> decide on the omitted
cases of these Bylaws and delegate to the Executive Board of Officers matters within its purview not included in the list of legal attributions
of the Board of Directors;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXIII - </B>evaluate and disclose
annually who the independent directors are and, at the same intervals, indicate and justify any new circumstances that may alter their
condition of independence.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B><I>Risks, internal controls
and compliance:</I></B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXIV -</B>&#9;implement, directly
or through other bodies of the Company, and supervise the risk management systems, internal controls and compliance established for the
prevention and mitigation of the main risks to which Eletrobras and its subsidiaries are exposed, including risks related to the integrity
of accounting and financial information and those related to the occurrence of corruption and fraud;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXV -</B>&#9;approve the annual
work plan of the Internal Audit; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXVI -</B>&#9;examine, at any
time, the books and papers of Eletrobras, as well as request information on contracts entered into or in the process of being entered
into and any other contracts;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B><I>Legal acts and business:</I></B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXVII -</B> express an opinion
on acts and approve contracts, in accordance with the levels established in the Normative of Authorities of the Eletrobras companies;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXVIII - </B>approve the practice
of acts that imply a waiver, transaction or arbitration commitment, in accordance with the levels established in the Normative of Authorities
of the Eletrobras companies;</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXIX -</B> approve the transfer
of ownership of the Company&rsquo;s assets, constitution of real liens and the provision of guarantees to obligations to third parties,
in accordance with the levels established in the Normative of Authorities of the Eletrobras companies;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXX -</B> choose and dismiss
the independent auditors;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXXI -</B>&#9;resolve on the
Company&rsquo;s strategic trademarks and patents;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXXII -</B> resolve on making
and accepting donations with or without charges and other reasonable free acts, subject to the provisions of the Eletrobras Companies&rsquo;
Integrity Program and the Eletrobras Code of Conduct, in accordance with the levels established in the Eletrobras Companies&rsquo; Normative
of Authorities, and also considering the Company&rsquo;s social responsibilities, as provided for in paragraph 4 of article 154 of Brazilian
Corporations Law;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXXIII - </B>approve the models
of the indemnity contracts to be signed by the Company and the procedures that guarantee the independence of the decisions;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXXIV - </B>approve the sponsorship
of the health care and supplementary pension plan and adherence to a supplementary pension entity, as well as supervise compliance with
the limit of participation of Eletrobras in the cost of these benefits; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXXV </B>- approve, in accordance
with the levels established in the Normative of Authorities of the Eletrobras companies, the contracting of loans or financing and the
provision of guarantees, in the country or abroad, by subsidiary companies;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B><I>Business management and
efficiency:</I></B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXXVI </B>- determine the distribution
and redistribution of charges and duties among the members of the Executive Board of Officers;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXXVII - </B>grant leave or
license to the President of the Company, including paid leave;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXXVIII - </B>approve collective
bargaining agreements, employee profit sharing program, job and salary plan, function plan and employee dismissal program;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXXIX - </B>approve the maximum
number of personnel of Eletrobras companies and general guidelines for hiring personnel at Eletrobras and its subsidiaries;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XL- </B>approve and supervise
the fulfillment of the specific goals and results to be achieved by the members of the Executive Board of Officers; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XLI - </B>approve the business
performance goals of the subsidiaries.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B><I>Associative guidelines:</I></B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XLII - </B>authorize the incorporation
of wholly-owned subsidiaries, the Company&rsquo;s interests in subsidiaries or affiliates, the transfer of termination of such interest,
as well as the acquisition of shares or quotas of other companies;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XLIII - </B>resolve on the
association referred to in paragraph 1 of article 3 of these Bylaws;</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XLIV - </B>resolve on the shareholders&rsquo;
agreements to be signed by Eletrobras and its subsidiaries and, in the case of amendments, only when it involves aspects related to article
118 of Brazilian Corporations Law; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XLV - </B>deliberate on the
organization of technical-scientific research entities of business interest to Eletrobras in the energy sector.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The board
of directors of the company must prepare and disclose a reasoned opinion on any Public Offering for Acquisition of Shares (&ldquo;<U>OPA</U>&rdquo;)
that has as its object the shares issued by the company, within fifteen (15) days of the publication of the notice of said OPA, in which
it will manifest, at least:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>on the convenience
and opportunity of the takeover bid regarding the interest of the company and the set of its shareholders, including in relation to the
price and the potential impacts on the liquidity of the shares;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>regarding the strategic
plans disclosed by the offeror in relation to the company; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>regarding the alternatives
to the acceptance of the takeover bid available on the</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">market.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>The opinion
of the board of directors, referred to in the previous paragraph, must cover the reasoned opinion favorable or contrary to the acceptance
of the OPA, warning that it is the responsibility of each shareholder to make the final decision on said acceptance.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 - </B>The Board
of Directors may determine the performance of inspections, audits or accountability in the Company, as well as the hiring of experts,
experts or external auditors, to better instruct the matters subject to its deliberation.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4 - </B>Without prejudice
to the duties conferred upon it by the Internal Regulations, the Chairman of the Board of Directors shall:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>convene and preside
over the meetings of the body, observing compliance with the Bylaws and the Internal Regulations;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>coordinate the work
related to the succession plans of the members of the Board of Directors and the Executive Board of Officers, with the support of the
People and Governance Committee;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III -</B> propose to the Board
of Directors appointments to compose the advisory committees; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV &ndash;</B> with the support
of the Coordinator of the People and Governance Committee and the investor relations department, address corporate governance matters
with the shareholders.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 37 - </B>The Board
of Directors, for the better performance of its functions, may create Committees or transitory work groups with defined objectives, being
composed by members of Management and professionals with specific knowledge.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The Board
of Directors shall have the permanent support of four (4) committees, made up of directors only, with the exception of the Audit and
Risks Committee, which may have independent external members who will provide it with permanent support and direct advisory services:</P>
<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"></P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>People and Governance
Committee;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>Planning and Projects
Committee;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>Sustainability Committee;
and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV - </B>Audit and Risks Committee.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 &ndash; </B>The
advisory committees, whether statutory or not, will have their compositions, attributions and other rules of operation disciplined in
internal regulations approved by the Board of Directors, including the duties to be exercised by the respective coordinators and any extension
of their scope and performance for the subsidiaries of Eletrobras.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 - </B>The opinions
of the Committees are not a necessary condition for the presentation of matters to the examination and resolution of the Board of Directors.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 38 - </B>The Audit
and Risks Committee is responsible for:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I &ndash; </B>provide an opinion
on the hiring and dismissal of independent audit services;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>supervising and monitoring
the activities: a) of the independent auditors, in order to evaluate their Independence; the quality of the services provided; and the
adequacy of the services provided to the needs of the company; b) the internal control area of the company; c) the internal audit area
of the company; and d) the area of preparation of the company&rsquo;s financial statements;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>evaluate the quarterly
information, interim statements and financial statements;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV - </B>monitor the quality
and integrity of: a) the internal control mechanisms; b) the quarterly information, interim statements and financial statements of the
Company; and c) the information and measurements disclosed based on adjusted accounting data and non-accounting data that add elements
not provided for in the structure of the usual reports of the financial statements;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>V - </B>evaluate and monitor
the company's risk exposures;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VI - </B>evaluate and monitor,
together with management and the internal audit area, the adequacy of transactions with related parties carried out by the company and
their respective disclosures;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VII - </B>prepare an annual
summary report, to be presented together with the financial statements disclosed to the market, containing a description of: a) its activities,
the results and conclusions reached and the recommendations made; and b) any situations in which there is significant disagreement between
the company's management, the independent auditors and the Audit and Risks Committee in relation to the company's financial statements;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VIII &ndash; </B>have the means
to receive and process information about non-compliance with legal and regulatory provisions applicable to the company, in addition to
internal regulations and codes, including specific procedures for protect the provider and the confidentiality of the information;</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IX - </B>monitor compliance
activities, reporting channel and manifestation handling management, including ethical infractions; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>X - </B>evaluate, monitor,
and recommend to management the correction or improvement of the company's internal policies, including the policy of transactions between
related parties.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The Audit
and Risks Committee shall be composed of at least three (3) members and at most five (5), who shall have professional experience or academic
training compatible with the position, preferably in the area of accounting, auditing or in the Company's sector of activity, and at least
one (1) member shall have recognized professional experience in corporate accounting matters, under the terms of the regulations issued
by CVM, and all its members shall be independent, among which, at least one (1) shall be an independent Director of the Company, also
observing the conditions imposed by applicable national or foreign legislation and regulations, including the provisions of the Sarbanes-Oxley
Act and the rules issued by the Securities and Exchange Commission (&quot;<U>SEC</U>&quot;) and by the New York Stock Exchange (&quot;<U>NYSE</U>&quot;).</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>The characteristics
referred to in the paragraph above may be accumulated by the same member of the Audit and Risks Committee, and the election of external
members other than directors is also allowed, provided that the independence requirements are met.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 - </B>In case of
vacancy of a member of the Audit and Risks Committee, the Board of Directors shall elect its successor to start a new term of office.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4 - </B>The Audit
and Risks Committee must inform its activities monthly to the Company's Board of Directors, and the minutes of the meeting of the Board
of Directors, or the corresponding certificate of minutes, must be disclosed for the purpose of indicating that such a report has been
made.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 5 - </B>The Audit
and Risks Committee shall be endowed with operational autonomy and its own budget approved by the Board of Directors, intended to cover
expenses with its operation.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 6 - </B>The participation,
as members of the Audit and Risks Committee, of officers of the Company, its subsidiaries and affiliates is prohibited.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 39 - </B>The People
and Governance Committee is responsible for:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>analyzing the requirements
for investiture to positions on the Company's Board of Directors and Executive Board, in accordance with the legal and statutory provisions
and also considering the rules established in internal regulations that provide for the appointments of directors; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>assisting in the succession
planning and appointment of directors, in the performance assessment process, in the strategy of remuneration of the administrators and
members of the advisory committees and in the proposals, practices and other matters relating to people and corporate governance.</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 40 &ndash; </B>The
Planning and Projects Committee is responsible for giving its opinion on the Company's business strategy, business plans, budgets, investment
projects and financial operations.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 41 -</B> The Sustainability
Committee is responsible for giving its opinion on social and environmental sustainability practices and strategies and their adherence
to Eletrobras' values, purpose, business and corporate culture.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>CHAPTER VII</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>The Executive Board of Directors</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 42 - </B>The Executive
Board of Officers, whose members will be elected and dismissed at any time by the Board of Directors, will be composed of the President
and up to fifteen (15) Executive Vice-President Officers, of a statutory nature, residing in the country, respecting the minimum of three
(3) members, with a unified management term of two (2) years, being allowed renewals.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The Board
of Directors shall observe in the choice and election of the members of the Executive Board of Officers their professional capacity, notorious
knowledge and expertise in the respective areas of contact and the alignment of their professional profile to the duties of the position.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>The members
of the Executive Board of Officers shall exercise their positions on a full-time basis and with exclusive dedication to the service of
the Company, exceptionally allowed, after justification and approval by the Board of Directors, the concomitant exercise in management
positions in subsidiaries and affiliates of the Company and in boards of management/deliberative boards of other companies and associations.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 -</B> A person
who has already completed sixty-five (65) years of age on the date of the election cannot be elected to occupy a position on the Executive
Board of Officers, except in exceptional cases duly justified and approved by the Board of Directors.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 43 - </B>The members
of the Executive Board of Officers may not depart from the position for more than thirty days consecutive days or not, without leave or
authorization from the Board of Directors.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The President
and the other Executive Vice-President Officers shall be entitled, annually, to thirty (30) days of paid leave, with the prior authorization
of the Executive Board of Officers, which may be accumulated up to a maximum of two (2) periods, being prohibited its conversion into
cash and indemnity.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>In the event
of temporary leave, or enjoyment of leave, including paid leave, of any of the members of the Executive Board of Officers, the President
of the Company shall designate the substitute among the other members of the collegiate, and shall also designate its eventual substitute.</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 - </B>In the event
of a permanent vacancy in the position of Executive Vice President Officer, the same criterion set forth in Paragraph 2 shall be used
to designate the temporary substitute, who shall act until the election and investiture of the new member, thus filling the vacant position,
for the term remaining to the replaced member.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4 - </B>In the event
of vacancy in the position of President, the Board of Directors shall appoint the temporary substitute, among the other members of the
Executive Board of Officers, who shall act until the election and investiture of the new President.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 44 - </B>It is incumbent
upon the Executive Board of Officers and its members to exercise the management of the Company's business, in accordance with the mission,
objectives, strategies and guidelines established by the Board of Directors.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The Board
of Directors may delegate duties to the Executive Board of Officers, except for those expressly provided for by law and subject to the
powers established in such delegations.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>The duties
of the Executive Board of Officers may be delegated to the other hierarchical bodies of the Company, except for those expressly provided
for in the applicable legislation and regulations and subject to the limits provided for in the Company's instruments.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 45 - </B>The Executive
Board of Officers is responsible for:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>evaluate and submit
to the Board of Directors the deliberative matters within its scope, including: (a) the bases and guidelines for the preparation of the
strategic plan, as well as the annual programs and multiannual plans; (b) the strategic plan, as well as the respective multiannual plans
and annual spending and investment programs of the Company with the respective projects; (c) the Company's costing and investment budgets;
(d) the performance results of the Company's activities; (e) the policies and other regulations of the Board of Directors;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>take the appropriate
measures for the faithful execution of the guidelines and resolutions established by the Board of Directors and the Shareholders' Meeting
and, except for the hypotheses of mandatory submission to the Board of Directors, express its opinion on acts and approve contracts in
accordance with the internal regulations in force defined by Eletrobras that regulate the levels of approval in the Eletrobras companies;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>approve the other
policies of Eletrobras companies and Eletrobras standards, and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">may extend them to subsidiaries;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV - </B>prepare Eletrobras'
costing and investment budgets, in line with the strategic plan and with the annual programs and multiannual business and management plans,
and monitor their execution;</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>V &ndash; </B>approve changes
in the organizational structure of the Company and its subsidiaries;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VI - </B>approve the creation
and extinction of non-statutory Commissions, linked to the Executive Board of Officers or its members, approving the respective operating
rules, attributions and limits of competence for performance;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VIII - </B>instruct the Company's
representatives in the Shareholders' Meetings of its subsidiaries and affiliates and in the associations in which Eletrobras appears as
a member, in accordance with the guidelines established by the Board of Directors, as well as with the applicable corporate guidelines;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IX - </B>deliberate on the
matters that may be submitted by the President or by any other Executive Vice President Officer;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>X - </B>delegate competence
to the Executive Vice President Officers to decide, in isolation, on issues included in the duties of the Executive Board of Officers;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XI - </B>delegate powers to
Executive Vice President Officers and employees to authorize expenses, establishing limits and conditions;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XII &ndash; </B>define the
staffing of the Company&rsquo;s areas;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XIII - </B>supervise the negotiation
process with union entities, as well as propose ediation and collective bargaining agreements;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XIV - </B>ensure the implementation
of the Company's strategic and multi-annual plans and annual spending and investment programs with their respective projects, respecting
the approved budget limits;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XV - </B>monitor the sustainability
of the business, strategic risks and respective mitigation measures, preparing management reports with management indicators;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XVI - </B>monitor and control
the activities of the companies in which the Company participates, or with which it is associated;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XVII - </B>prepare, in each
year, the Management Report, the financial statements, the proposal for the distribution of dividends and the payment of interest on equity
and the application of surplus amounts, to be submitted to the Board of Directors, the Fiscal Council and the Audit and Risks Committee,
and to the examination and resolution of the Shareholders' Meeting;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XVIII &ndash; </B>approve the
Company&rsquo;s quarterly financial information;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XIX - </B>approve the commercialization
of rights arising from the results of research, development and innovation of its subsidiaries, related to the energy sector;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XX - </B>establishing voting
guidance for all Eletrobras subsidiary companies in Meetings of the Electric Energy Trading Chamber - CCEE;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXI -</B> resolve on the acquisition,
sale or encumbrance of movable and immovable property, in accordance with the levels established in the Normative of Authorities of the
Eletrobras companies;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXII - </B>supervise and monitor
business companies, including Special Purpose Entities - SPEs, in which it holds equity interest, with regard to governance practices,
results presented and control, proportional to the relevance, materiality and risks of the business;</P>
<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"></P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXIII - </B>evaluate the results
of its business and monitor the sustainability of its business activities, strategic risks and respective mitigation measures, preparing
management reports with management indicators;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXIV -</B> resolve on making
and accepting donations with or without charges and other reasonable free acts, subject to the provisions of the Eletrobras Companies'
Integrity Program and the Eletrobras Code of Conduct, in accordance with the levels established in the Eletrobras Companies' Normative
of Authorities, and also considering the Company's social responsibilities, as provided in paragraph 4 of article 154 of the Brazilian
Corporations Law;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXV - </B>approve Eletrobras'
appointments to fiscal directors of subsidiaries, investees, associations and foundations, in addition to the appointments of subsidiaries
to administrative and fiscal bodies of its investees, associations and foundations, in accordance with the scope defined in internal regulations
prepared by Eletrobras;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXVI -</B> resolve on amendments
to shareholders' agreements to be signed by Eletrobras and its subsidiaries, when they do not involve aspects related to Article 118 of
Brazilian Corporations Law;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXVII -</B> resolve on the
creation and extinction of non-profit entities and on the entry and exit of Eletrobras from the membership of these entities, in compliance
with the strategic guidelines established by the Board of Directors; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>XXVIII -</B> approve the creation,
in the country and abroad, of subsidiaries, agencies, branches and offices, in compliance with the strategic guidelines established by
the Board of Directors.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>CHAPTER VIII</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>Duties of the Executive President
and the Executive Vice-President Officers</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 46 - </B>It is incumbent
upon the President of the Company, without prejudice to</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">other activities attributed to
them by the Board of Directors:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>to call, chair and
coordinate the work of the meetings of the Executive Board of Officers;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>to propose to the
Board of Directors the appointment of the Executive Vice Presidents and, when applicable, the members of the subsidiaries' board of officers;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>to provide information
to the Board of Directors and the Fiscal Council of the Company;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV - </B>to promote the formulation,
management and monitoring of strategic planning and the multiannual and annual business and management plans of Eletrobras, as well as
to supervise their preparation and execution;</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>V - </B>to represent Eletrobras,
judicially or extrajudicially, or before other companies and the general public, and may delegate such duties to any Executive Vice President
Officer, as well as appoint representatives, attorneys-in-fact, agents or proxies, always specifying, in a specific instrument, the extent
of the delegated powers;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VI - </B>together with another
Executive Vice President Officer, move the financial resources of Eletrobras and sign acts and contracts, and this option may be delegated
to the other Executive Vice President Officers and to attorneys-in-fact or employees of Eletrobras; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VII - </B>coordinate the activities
of the members of the Executive Board of Officer.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 47 - </B>The duties
of the other Executive Vice-President Officers are, without prejudice to other activities assigned to them by the Board of Directors:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>manage, supervise and
evaluate the performance of the activities of the areas under its direct responsibility, as well as perform management acts related to
these activities, being able to set value limits for delegation of the practice of these acts, respecting the corporate rules approved
by the Executive Board of Officer;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>participate in the
meetings of the Executive Board, report the proposals for resolutions under its management and report the technical and operational activities
of the wholly-owned subsidiaries and companies in which the Company participates or with which it is associated;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>comply with and enforce
the general orientation of the company's business</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">established by the Board of Directors
in the management of its specific area of operation;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV - </B>designate employees
for missions abroad; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>V - </B>approve admissions,
dismissals and promotions for leadership positions in the areas under their direct reporting.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 48 - </B>The Executive
Vice President Officer who is assigned the function of Investor Relations, is responsible for representing the Company before the CVM
and other entities of the capital market and stock exchanges, national and foreign, in which the Company has securities admitted to trading,
in addition to enforcing the regulatory rules applicable to the Company regarding the records maintained with the CVM and with the regulatory
bodies and stock exchanges in which the Company has securities admitted to trading.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>CHAPTER IX</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>The Fiscal Council</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 49 - </B>The Fiscal
Council, of permanent operation, shall consist of five (5) members and their respective alternates, elected by the Shareholders' Meeting,
all resident in the Country, who shall hold their positions until the first annual Shareholders' Meeting to be held after their election,
and may be reelected, subject to the requirements and impediments set forth in the legislation, in these Bylaws and, as applicable, in
the Company's internal regulations that provide for the appointment of managers and members off the fiscal council.</P>
<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"></P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The holders
of preferred shares without voting rights, or with restricted vote, shall have the right to elect, in a separate vote, one (1) member
and respective alternate.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 -</B> The Federal
Government, on behalf of the Federal Government Shareholders&rsquo; Group, shall have the right to elect, by means of a separate vote,
one (1) member and respective alternate, pursuant to Chapter IV of these Bylaws, provided and as long as the conditions set forth therein
are met.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 3 -</B> In case of
vacancy, resignation, impediment or unjustified absence to two (2) consecutive meetings, or three interspersed meetings, in the last twelve
(12) meetings, the member of the Fiscal Council shall be replaced, until the end of the term of action, by the respective alternate.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 4 -</B> The members
of the Fiscal Council will be invested in their positions by signing the instrument of investiture in the book of minutes and opinions
of the Fiscal Council, at which time they will express their adherence and commitment to comply with the Eletrobras Code of Conduct and
other internal regulations issued by the Company.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 5 -</B> The members
of the Audit Board shall be subject to the prohibitions, impediments and other provisions set out in Paragraphs 1 to 4 of Article 28 of
these Bylaws.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 50 - </B>The remuneration
of the members of the Fiscal Council, in addition to the mandatory reimbursement of the expenses of locomotion, food and stay necessary
for the performance of the function, will be fixed annually by the Shareholders' Meeting, observing the minimum limit established in the
Brazilian Corporations Law.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 51 - </B>It is incumbent
upon the Fiscal Council, without prejudice to other duties conferred on it by virtue of legal provision or by determination of the Shareholders'
Meeting:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I - </B>supervise, by any of
its members, the acts of the administrators and verify the fulfillment of their legal and statutory duties;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II - </B>give an opinion on
the annual report of the administration, stating in its opinion the additional information it deems necessary or useful for the resolution
of the Shareholders' Meeting;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>III - </B>give an opinion
on the proposals of the administrators, to be submitted to the Shareholders' Meeting, regarding the modification of the capital, issuance
of debentures or subscription bonuses, investment plans or capital budgets, distribution of dividends, transformation, incorporation,
merger or spin-off of the Company;</P>
<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"></P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IV - </B>report, by any of
its members, to the management bodies and, if these do not take the necessary measures to protect the interests of the Company, to the
Shareholders' Meeting, the errors, frauds or crimes they discover, and suggest useful measures to the Company;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>V - </B>convene the Annual
Shareholders' Meeting if the administrators delay for more than one month, and the Extraordinary whenever there are serious or urgent
reasons, including in the agenda of the meetings the matters they consider necessary;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VI - </B>analyze, at least
quarterly, the balance sheet and other financial statements prepared periodically by the Executive Board of Board of Officer;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VII &ndash; </B>examine the
financial statements for the fiscal year and give an opinion on them;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>VIII &ndash; </B>approve its
internal Regulations and any amendments;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>IX - </B>monitor the equity,
financial and budgetary execution, being able to examine books, any other documents and request information; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>X - </B>exercise the attributions
in items I to VIII during any liquidation of the Company.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Sole paragraph - </B>The members
of the Fiscal Council shall participate, obligatorily, in the meetings of the Board of Directors in which the matters referred to in items
II, III and VII of this Article must be considered.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 52 - </B>The Fiscal
Council shall meet, ordinarily, once a month, and, extraordinarily, whenever called, in accordance with its Internal Regulations.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Sole paragraph - </B>It is
incumbent upon the Fiscal Council to elect its President, under the terms of its Internal Regulations.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>CHAPTER X</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>Internal Audit, Integrity, Compliance,
Internal Control, Corporate Risks and Manifestation Handling</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 53 - </B>The Company
will have an Internal Audit, linked directly to the Board of Directors, whose activities are reported directly to the Board of Directors,
or through the Audit and Risks Committee.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 - </B>The Internal
Audit shall be responsible for providing an assessment of the effectiveness of the Company's processes, as well as advising the Board
of Directors, the Audit and Risks Committee, the Executive Board of Officer and the Fiscal Council.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 - </B>The holder
of the Internal Audit shall be appointed and dismissed by the Board of Directors.</P>


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<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 54 - </B>The Company
will have an area with responsibility to perform Integrity, Compliance, Internal Controls, Corporate Risks and Manifestation Handling
functions, observing qualifications and independence in accordance with current legislation.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>CHAPTER XI</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>Fiscal Year and Financial Statements</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 55 -</B> The fiscal
year shall coincide with the calendar year, beginning on January 1st and ending on December 31st of each year, and shall comply with the
provisions of these Bylaws and the applicable legislation.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 1 -</B> In each fiscal
year, it will be mandatory to distribute a dividend of not less than twenty-five percent (25%) of the net income, adjusted under the terms
of the Law, subject to the rules of the Company's Dividend Distribution Policy.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Paragraph 2 -</B> The amount
of interest, paid or credited, as interest on equity, pursuant to article 9, paragraph 7, of Law No. 9,249 of 1995, and the relevant legislation
and regulations, may be imputed to the holders of common shares and to the minimum annual dividend of preferred shares, integrating such
amount to the amount of dividends distributed by Eletrobras for all legal purposes.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 56 -</B> After the
legal reserve is constituted, the allocation of the remaining portion of the net income determined at the end of each fiscal year will
be, upon proposal of the Management, submitted to the resolution of the Shareholders' Meeting, observing the following allocation:</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>I -</B> at least twenty-five
percent (25%) of the balance of net income for the year, obtained after the deduction the legal reserve referred to in the caput of this
article, will be distributed as dividend to all shareholders of the Company, pursuant to paragraph 1 of article 49; and</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>II -</B> up to seventy-five
percent (75%) of the net income for the year will be allocated to the investment reserve, in order to ensure the maintenance and development
of the activities that make up the Company's corporate purpose, whose accumulated balance may not exceed seventy-five percent (75%) of
the paid-in capital stock.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 57 -</B> The Board
of Directors, at the proposal of the Executive Board of Officer, may determine the drawing up of balance sheets in periods shorter than
the annual period and declare dividends or interest on equity to the profit account calculated in these balance sheets, as well as declare
them to the account of retained earnings or profit reserves existing in the last annual or intermediate balance sheet.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 58 - </B>Dividends
and interest on equity will be paid at the times and places indicated by the Executive Board of Officer, reverting to Eletrobras those
that are not claimed within three (3) years after the date of commencement of payment.</P>


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<P STYLE="font: 11pt/17pt Times New Roman, Times, Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>CHAPTER XII</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: center"><B>Transitional Provisions</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 59 - </B>The amendment
to the bylaws approved at the Extraordinary General Meeting held on 26 of February of 2025, referring specifically to the provisions dealing
with requirements and impediments to investiture contained in article 22, paragraph 1, items IV and V of paragraph 2, paragraph 3 and
paragraph 4, and article 43, paragraph 4, will take effect from, and including, the process of nominating and electing directors for the
2025 Ordinary General Meeting.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 60 - </B>The amendment
to the bylaws approved at the Extraordinary General Meeting held on 26 of February of 2025, referring specifically to article 28, caput,
which provides for the increase in the number of members of the Board of Directors, will take effect from, and including, the process
of nominating and electing directors for the 2025 Ordinary General Meeting.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Article 61</B> - The amendments
to the Company's Bylaws approved at the Conciliation Meeting, namely, the inclusion of new articles 20 to 25, as well as the amendments
to article 34 (renumbered), <I>caput</I> and first paragraph and to the second paragraph of article 49 (renumbered), have as a condition
precedent of effectiveness, pursuant to article 125 of Law No. 10,406, of January 10, 2002, the ratification of the Conciliation Agreement
by the Federal Supreme Court, except as provided in Clause Four of the Conciliation Meeting.</P>

<P STYLE="font: 12pt/17pt Arial, Helvetica, Sans-Serif; margin: 12pt 3.7pt 12pt 0; text-align: justify"><B>Sole Paragraph</B> - If the
conditions of effectiveness addressed in the Conciliation Agreement related to its ratification by the Federal Supreme Court do not materialize,
under the terms and conditions agreed therein, there will be an immediate vacancy of the position occupied by one of the three candidates
separately elected by the Federal Government, as previously defined in the management proposal of the Ordinary General Meeting held during
the fiscal year of 2025, being the Board of Directors responsible for calling a general meeting only for the election of its replacement.</P>



<P STYLE="font: italic 12pt Verdana,sans-serif; margin: 0 0 6pt; letter-spacing: 0.75pt; text-align: center"></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: May 6, 2025</P>

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    <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>
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    <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>
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        <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>
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        <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>
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<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center"><B>FORWARD-LOOKING STATEMENTS</B></P>

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<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0pt 0 12pt">This document may contain estimates and projections that are not statements
of past events but reflect our management&rsquo;s beliefs and expectations and may constitute forward-looking statements under Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words &ldquo;believes&rdquo;,
&ldquo;may&rdquo;, &ldquo;can&rdquo;, &ldquo;estimates&rdquo;, &ldquo;continues&rdquo;, &ldquo;anticipates&rdquo;, &ldquo;intends&rdquo;,
&ldquo;expects&rdquo;, and similar expressions are intended to identify estimates that necessarily involve known and unknown risks and
uncertainties. Known risks and uncertainties include, but are not limited to: general economic, regulatory, political, and business conditions
in Brazil and abroad; fluctuations in interest rates, inflation, and the value of the Brazilian Real; changes in consumer electricity
usage patterns and volumes; competitive conditions; our level of indebtedness; the possibility of receiving payments related to our receivables;
changes in rainfall and water levels in reservoirs used to operate our hydroelectric plants; our financing and capital investment plans;
existing and future government regulations; and other risks described in our annual report and other documents filed with the CVM and
SEC. Estimates and projections refer only to the date they were expressed, and we do not assume any obligation to update any of these
estimates or projections due to new information or future events. Future results of the Company&rsquo;s operations and initiatives may
differ from current expectations, and investors should not rely solely on the information contained herein. This material contains calculations
that may not reflect precise results due to rounding.</P>
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