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<SEC-DOCUMENT>0001104659-04-040207.txt : 20041217
<SEC-HEADER>0001104659-04-040207.hdr.sgml : 20041217
<ACCEPTANCE-DATETIME>20041217122051
ACCESSION NUMBER:		0001104659-04-040207
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20041231
FILED AS OF DATE:		20041217
DATE AS OF CHANGE:		20041217

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ENERGY CO OF MINAS GERAIS
		CENTRAL INDEX KEY:			0001157557
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRIC SERVICES [4911]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-15224
		FILM NUMBER:		041210510

	BUSINESS ADDRESS:	
		STREET 1:		AVENIDA BARBACENA 1200
		STREET 2:		30190 131 BELO HORIZONTE
		CITY:			MINAS GERAIS BRAZIL
		STATE:			D5
		BUSINESS PHONE:		2128395300

	MAIL ADDRESS:	
		STREET 1:		C/O SIDLEY AUSTIN BROWN & WOOD LLP
		STREET 2:		ONE WORLD TRADE CENTER
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10048-0557
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>a04-14978_16k.htm
<DESCRIPTION>6-K
<TEXT>
<html>

<head>





</head>

<body lang="EN-US" link="blue" vlink="purple">

<div style="font-family:Times New Roman;">

<div style="border:none;border-top:double windowtext 9.0pt;padding:0in 0in 0in 0in;">

<p align="center" style="border:none;margin:0in 0in .0001pt;padding:0in;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM 6-K</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">WASHINGTON, D.C.&#160; 20549</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">REPORT OF FOREIGN PRIVATE ISSUER<br>
PURSUANT TO RULE 13a-16 OR 15d-16 OF<br>
THE SECURITIES EXCHANGE ACT OF 1934</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">For the month of December, 2004</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Commission File Number 1-15224</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">Energy Company of Minas Gerais</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Translation of Registrant&#146;s Name Into English)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Avenida Barbacena, 1200<br>
30190-131 Belo Horizonte, Minas Gerais, Brazil</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Address of Principal Executive Offices)</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicate
by check mark whether the registrant files or will file annual reports under
cover of Form 20-F or Form 40-F.</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Form 20-F &nbsp;&nbsp;</font><font face="Wingdings">&#253;</font>&nbsp;&nbsp;
Form 40-F &nbsp;<font face="Wingdings">o</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): </font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): </font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Indicate by check mark whether by furnishing the information contained
in this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Yes </font><font face="Wingdings">o</font>
No &nbsp;&nbsp;<font face="Wingdings">&#253;</font>&nbsp;&nbsp;</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">If
&#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):&#160; N/A</font></p>

<div style="border:none;border-bottom:double windowtext 9.0pt;padding:0in 0in 0in 0in;">

<p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

</div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Index</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="4%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.32%;">
  <p style="margin:0in 0in .0001pt;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Item</font></b></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.62%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
  </td>
  <td width="90%" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:90.06%;">
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="1" face="Times New Roman" style="font-size:8.0pt;font-weight:bold;">Description of Item</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:4.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:90.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Minutes of the
  Extraordinary General Meeting of the Stockholders Held on December 13, 2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Convocation to General
  Meeting of Stockholders, December 13, 2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Proposal by the Board
  of Directors to the Extraordinary General Meeting to be held on December 30,
  2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Extract from the
  Minutes of the 339<sup>th</sup> Meeting of the Board of Directors, November
  11, 2004</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.32%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font></p>
  </td>
  <td width="5%" valign="bottom" style="padding:0in 0in 0in 0in;width:5.62%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="90%" valign="top" style="padding:0in 0in 0in 0in;width:90.06%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Decisions Taken by the
  Meeting of the Supervisory Board on December 16, 2004.</font></p>
  </td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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<div>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="428" height="51" src="g149781baimage002.gif"></font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">COMPANHIA ENERG&#201;TICA DE MINAS GERAIS &#150; CEMIG</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CNPJ 17.155.730/0001-64</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">MINUTES OF
THE EXTRAORDINARY GENERAL MEETING OF STOCKHOLDERS HELD ON 13 DECEMBER 2004</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At 8:30 a.m. on 13 December
2004, stockholders of Companhia Energ&#233;tica de Minas Gerais &#150; Cemig,
representing more than two thirds of the voting stock, as confirmed in the
Stockholders&#146; Attendance Book, where all signed and made the required
statements, met, on first convocation, at the company&#146;s head office, at Av.
Barbacena 1200, 18th floor, Minas Gerais State, Brazil. The stockholder The
State of Minas Gerais was represented by the Attorney-General of the State,
Jos&#233; Bonif&#225;cio Borges de Andrada, in accordance with Complementary Law 30 of 10
Aug 1993, as amended by Complementary Law 75, of 13 January 2004.&#160; Initially, Ms. Anamaria Pugedo Frade Barros,
Coordinator of the General Management Secretariat of Cemig, informed the
meeting that there was in existence a quorum for the holding of an
Extraordinary General Meeting of Stockholders, and that the stockholders should
now choose a Chairman of this Meeting, in accordance with Clause 10 of the
Company&#146;s Bylaws.&#160; Requesting permission
to speak, the representative of the Stockholder State of Minas Gerais put
forward the name of the stockholder Manoel Bernardino Soares to chair the
meeting. The proposal put forward by the representative of the stockholder The
State of Minas Gerais was put to the vote and approved unanimously.&#160; The Chairman of the meeting then declared the
Meeting open and invited me, Anamaria Pugedo Frade Barros, to be Secretary,
requesting me to read the convocation announcement, published in the newspapers
&#147;Minas Gerais&#148;, the official publication of the Powers of the State, on 26, 27
and 30 November 2004, &#147;O Tempo&#148;, on 26, 27 and 29 November 2004, and &#147;Gazeta Mercantil&#148;,
on 27, 29 and 30 November 2004, of which the content is the following:</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;COMPANHIA ENERG&#201;TICA DE
MINAS GERAIS &#150; CEMIG &#150; BRAZILIAN LISTED COMPANY - CNPJ 17.155.730/0001-64 &#150;
GENERAL MEETING OF STOCKHOLDERS &#150; CONVOCATION &#150; Stockholders are hereby called
to an Extraordinary General Meeting of Stockholders, to be held on 13 December
2004, at 8.30 pm, at the Company&#146;s head office at Avenida Barbacena 1200, 18th
floor, in the city of Belo Horizonte, in the state of Minas Gerais, Brazil, to
decide on the following matters:&#160; <b><font style="font-weight:bold;">I - </font></b>Changes in the company&#146;s bylaws,
pending approval by Aneel:&#160; <b><font style="font-weight:bold;">1.</font></b> Alteration of Clause 1, to adapt it to
Law 15290, of 4 August 2004; <b><font style="font-weight:bold;">2.</font></b>
Alteration of Clause 7, to adapt it to Law 15290/2004; <b><font style="font-weight:bold;">3.</font></b> Alteration of the head paragraph of Clause
9, to improve its drafting; <b><font style="font-weight:bold;">4.</font></b>
Insertion of a sole subparagraph in Clause 11 and of a fourth sub-paragraph in
Clause 12, defining the structure and composition of the Management of the
Company and of the subsidiaries Cemig Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e
Transmiss&#227;o S.A.; <b><font style="font-weight:bold;">5.</font></b> Alteration of
the head paragraph of Clause 17, to improve its drafting; <b><font style="font-weight:bold;">6.</font></b> Alteration of lines &#147;a&#148; and &#147;e&#148; of
Clause 17, to redefine the attributions of the Board of Directors; <b><font style="font-weight:bold;">7.</font></b> Alteration of sub-paragraph 2 of Clause
18, to provide that it shall be the function of the General Meeting of
Stockholders to fix the benefits to which the Directors shall be entitled; <b><font style="font-weight:bold;">8.</font></b> Alteration of sub-paragraph 3 of Clause
18, to establish the obligatory requirement for exercise of the</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>

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<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">positions corresponding to
the Directors of the Company in the subsidiaries Cemig Distribui&#231;&#227;o S.A. and
Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A.; <b><font style="font-weight:bold;">9.</font></b>
Alteration of lines &#147;a&#148; and &#147;e&#148; of sub-paragraph 4 of Clause 21, to re-define
the attributions of the Executive Officers; <b><font style="font-weight:bold;">10.</font></b>
Alteration of line &#147;h&#148; of sub-item III and of lines &#147;g&#148;, &#147;h&#148;, &#147;i&#148; and &#147;j&#148; of
sub-item IV of Clause 22, to improve their drafting; <b><font style="font-weight:bold;">11.</font></b> Alteration of Clauses 27, 28, 29, 30 and 31, to adapt them
to the Company&#146;s new dividend policy. <b><font style="font-weight:bold;">II - </font></b>Appointment
of Deloitte Touche Tohmatsu to provide the services of valuation of the rights
and obligations of Cemig, excluding its fixed assets, to be transferred to the
Companies Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. and Cemig Distribui&#231;&#227;o S.A.,
preparing opinions, as provided for by Clause 8 of Law 10604, of 15 December
1976, to be used in the transfer of the rights and obligations of Cemig to the
wholly-owned subsidiaries constituted to put into effect the process of &#147;unbundling&#148;
of the Company.&#160; Any stockholder who
wishes to be represented by proxy in this General Meeting should obey the terms
of Article 126 of Law 6406/76, as amended, and the sole paragraph of Article 9
of the company&#146;s By-laws, by depositing, preferably by 9 December 2004, proofs
of ownership of the shares, issued by a depositary financial institution, and a
power of attorney with special powers, at the management office of the General
Secretariat of the company at Av. Barbacena 1,200 &#150; 19th floor, B1 wing, Belo
Horizonte, state of Minas Gerais, Brazil, or by showing the said proofs of
ownership at the time of the meeting. Belo Horizonte, 25 November 2004. Signed
by: Wilson N&#233;lio Brumer &#150; Chairman&#148;.</font></p>

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<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Before the agenda of the
Meeting was opened to debate and put to the vote, the representative of the
stockholder Southern Electric Brasil Participa&#231;&#245;es Ltda. stated that, in spite
of the debate and argument in existence relating to the Stockholders&#146; Agreement
signed with the State of Minas Gerais, he would vote in favor of the changes to
the Bylaws, because he believed that this is in the interest of all the
stockholders and of the Company itself.&#160;
The Chairman then requested the Secretary to read the Proposal of the
Board of Directors, which relates to the agenda of the meeting, the content of
which is as follows:</font></p>

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<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;PROPOSAL BY THE BOARD OF
DIRECTORS TO THE GENERAL MEETING OF STOCKHOLDERS TO BE HELD ON 13 DECEMBER,
2004.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dear Stockholders: In view
of the following: a) the new model for the Brazilian electricity sector
established by Law 10848 of 15 March, 2004; b) the provisions of State Law
15290, of 4 August, 2004 which, as well as authorizing the stockholding
reorganization of Cemig through the creation of wholly-owned subsidiaries
constituted for the purpose of carrying out the activities of generation,
transmission and distribution, repealed Clause 9 of State Law 828 of 14
December, 1951, thus restricting, so as to apply only to shares in Cemig issued
up to 5 August, 2004, the obligation of the State of Minas Gerais to ensure a
minimum annual divided of 6% (six percent) in years in which Cemig does not
obtain sufficient profit to pay dividends to its stockholders; c) that the
Board of Directors approved the 2004 Edition of the Cemig Strategic Guidelines
Plan for 2005/2035, which establishes the new projections for the period 2005
to 2035, and has among its basic provisions a new dividend policy with payment
of 50% (fifty percent) of the Company&#146;s net profit that has real counterpart in
the cash position, and extraordinary dividends every 2 (two) years, whenever
there is free cash; d) the need to alter the bylaws to establish the Company&#146;s
new dividend policy; and e) The requirement that the changes in the bylaws be</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3</font></p>

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<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">previously approved by
ANEEL, the National Electricity Agency; the Board of Directors proposes to
submit to the General Meeting of Stockholders, for approval: <b><font style="font-weight:bold;">A)</font></b> The following proposals for change in
the bylaws of Cemig, pending approval of ANEEL: 1) Drafting of Clause 1 as
follows: &#147;<b><font style="font-weight:bold;">Clause 1:</font></b> Companhia
Energ&#233;tica de Minas Gerais &#150; Cemig, constituted on 22 May 1952 as a corporation
with mixed private and public sector stockholdings, shall be governed by these
bylaws and by the applicable legislation, and its objects are to build, operate
and carry out commercial operation of systems of electricity generation,
transmission, distribution and sale, and related services; to carry out
activities in the various fields of energy, and any of its sources, with a view
to economic and commercial operation; to provide consultancy services, within
its field of operation, to companies in and outside Brazil; and to carry out
activities directly or indirectly related to its objects. <b><font style="font-weight:bold;">Sole sub-paragraph: </font></b>The activities referred
to in this clause may be carried out directly by Cemig or by companies
constituted by Cemig, as intermediaries, or companies in which it has majority
or minority stockholdings, upon decision by the Board of Directors, in
accordance with State Laws 828 of 14 December, 1951, 8655 of 18 September, 1984
and 15290 of 4 August, 2004 and prior authorization by ANEEL, the Brazilian
National Electricity Agency&#148;. 2) Drafting of Clause 7 as follows: &#147;<b><font style="font-weight:bold;">Clause 7</font></b>: In the business years in which
the Company does not obtain sufficient profit to pay dividends to its
stockholders, the State of Minas Gerais shall guarantee to the shares issued by
the Company up to 5 August, 2004 and held by individuals a minimum dividend of
6% (six percent) per year, in accordance with Clause 9 of State Law 828 of 14
December, 1951, and State Law 15290 of 4 August, 2004.&#148; 3) Drafting of the head
paragraph of Clause 9 as follows: &#147;<b><font style="font-weight:bold;">Clause 9:</font></b>
The General Meeting of Stockholders shall meet, ordinarily, within the first 4
(four) months of the year, for the purposes specified by Law, and
extraordinarily, whenever necessary, and shall be called with minimum advance
notice of 15 (fifteen) days, and the terms of these bylaws and the relevant
legislation shall be obeyed in its convocation, opening and decisions.&#148; 4)
Inclusion in Clause 11 of a sole subparagraph, drafted as follows: &#147;<b><font style="font-weight:bold;">Clause 11:</font></b> &#133; <b><font style="font-weight:bold;">Sole sub-paragraph:</font></b>&#160; The
structure and the composition of the Board of Directors and the Executive Board
of the Company shall be identical in the subsidiaries Cemig Distribui&#231;&#227;o S.A
and Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A., with the following exceptions: there
shall be a Chief Energy Distribution and Sales Officer only in the subsidiaries
Cemig Distribui&#231;&#227;o S.A, and a Chief Energy Generation and Transmission Officer
only in the subsidiary Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A.&#148;. 5) Inclusion of a
fourth sub-paragraph in Clause 12, with the following drafting: &#147;<b><font style="font-weight:bold;">Clause 12:</font></b> ... <b><font style="font-weight:bold;">&#167; 4</font></b> &#150; The Boards of Directors of the Subsidiary Cemig
Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. shall be composed,
obligatorily, by the sitting or substitute members elected to the Board of
Directors of the Company.&#148; 6) Drafting of the head paragraph and lines &#147;a&#148; and &#147;e&#148;
of Clause 17 as follows: &#147;<b><font style="font-weight:bold;">Clause 17:</font></b>
As well as other matters attributed to it by law, the Board of Directors shall
have the following attributions: a) To fix the general orientation of the
Company&#146;s businesses and to decide its organizational structure, and any
changes to either, subject to these bylaws; ... e) To decide, on proposals put
forward by the Executive Board, on contracts in general, loans, financings and
other legal transactions to be entered into by the Company the amount of which
is equal to or more than R$ 5,000,000.00 (five million Reais), subject to the terms
of line &#147;g&#148; of&#160; &#167; 4 of Clause 21 below;
....&#148;. 7) Drafting of &#167; 2 and &#167; 3 of Clause 18 as follows:</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4</font></p>

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</font></div>

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<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;<b><font style="font-weight:bold;">Clause 18:</font></b> ... <b><font style="font-weight:bold;">&#167; 2 </font></b>&#150;
The global or individual amount of the remuneration of the Board of Directors and
the Executive Board, including benefits of any type, shall be fixed by the
General Meeting of Stockholders, in accordance with the legislation currently
in effect. <b><font style="font-weight:bold;">&#167; 3 </font></b>&#150; The Directors
shall exercise their positions as full-time occupations in the regime of
exclusive dedication to the service of the Company.&#160; They may at the same time hold and exercise
non-remunerated positions in the management of the Company&#146;s wholly-owned
subsidiaries, subsidiaries or affiliated companies, at the option of the Board
of Directors.&#160; They shall, however,
obligatorily exercise the corresponding positions in the subsidiaries Cemig
Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A.&#148; 8) Drafting of lines &#147;a&#148;
and &#147;e&#148; of sub-paragraph 4 of Clause 21 as follows: &#147;<b><font style="font-weight:bold;">Clause 21:</font></b> ... <b><font style="font-weight:bold;">&#167; 4</font></b>
&#150; ... a) To approve the creation, attributions and abolition of the bodies of
the organizational structure defined by Board of Directors, and the
designations of their members from among the career employees of the Company,
and also the issuance and modification of the corresponding organizational
rules; ... e) Approval of contracts in general, loans, financings and other
legal transactions to be entered into by the Company the amounts of which
individually or jointly are lower than R$ 5,000,000.00 (five million Reais);&#148;
9) Drafting of line &#147;h&#148; of Item III of Clause 22 as follows: <b><font style="font-weight:bold;">&#147;Clause 22:</font></b> ... <b><font style="font-weight:bold;">III</font></b>... <b><font style="font-weight:bold;">h)</font></b> To
engage in commercial relations and make sales of electricity and services to
captive consumers;&#148; 10) Drafting of lines &#147;g&#148;, &#147;h&#148;, &#147;i&#148; and &#147;j&#148; of Item IV of
Clause 22 as follows: &#147;<b><font style="font-weight:bold;">Clause 22:</font></b>
....&#160; <b><font style="font-weight:bold;">IV
</font></b>... <b><font style="font-weight:bold;">g)</font></b> to carry out
research, studies and analysis of the Brazilian Energy Market for the purposes
of acting in the Electricity Sale Chamber (CCEE); <b><font style="font-weight:bold;">h)</font></b> to plan and carry out electricity purchase and sale
transactions in the wholesale market and with free consumers, and also the
operations of management of the associated risks; <b><font style="font-weight:bold;">i) </font></b>to carry out activities of purchase, sale and accounting of
electricity in the Electricity Sale Chamber (CCEE); <b><font style="font-weight:bold;">j)</font></b> to represent the Company in relations with the Electricity
Sale Chamber (CCEE);&#148;. 11) Drafting of Clause 27 as follows: &#147;<b><font style="font-weight:bold;">Clause 27:</font></b> The business year shall coincide
with the calendar year, closing on 31 December of each year, when the financial
statements shall be prepared, in accordance with the relevant legislation.
Financial statements may be prepared six-monthly or for shorter periods.&#148; 12)
Drafting of the sole sub-paragraph of Clause 28 as follows: &#147;<b><font style="font-weight:bold;">Clause 28:</font></b> Before any profit share, the
accumulated losses and the provision for income tax shall be deducted from the
result for the business year. <b><font style="font-weight:bold;">Sole
sub-paragraph: </font></b>Allocation of the net profit ascertained in each
business year shall be as follows: a) 5% (five percent) for the legal reserve,
up to the limit specified by law; b) 50% (fifty percent) distributed as
obligatory dividends to the stockholders of the Company, subject to the other
terms of these bylaws and the applicable legislation; and c) The balance, after
the retention specified in a capital expenditure and/or investment budget
prepared by the management of the Company, in obedience to the Company&#146;s
Strategic Guidelines Plan and the dividend policy contained therein and duly
approved, shall be applied in the constitution of a profit reserve for the
purpose of distribution of extraordinary dividends, in accordance with Clause
30 of these bylaws, up to the maximum limit specified by Clause 199 of the
Corporate Law.&#148; 13) Drafting of <b><font style="font-weight:bold;">Clause 29 </font></b>as
follows: &#147;<b><font style="font-weight:bold;">Clause 29:</font></b> The dividends
shall be distributed in the following order: a) The annual minimum dividend
guaranteed to the preferred shares; b) The dividend for the common shares, up
to a percentage equal to that guaranteed to the preferred shares. <b><font style="font-weight:bold;">&#167; 1</font></b> &#150; Once the dividends specified in lines
&#147;a&#148; and &#147;b&#148; of the head paragraph of this clause have been distributed, the
preferred shares shall have</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5</font></p>

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<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">equality of rights with the
common shares in any distribution of additional dividends. <b><font style="font-weight:bold;">&#167; 2</font></b> &#150; The Board of Directors may declare
interim dividends, in the form of interest on equity, to be paid from retained
earnings, profit reserves or profits ascertained in six-monthly or interim
financial statements. <b><font style="font-weight:bold;">&#167; 3</font></b> &#150; The
amounts paid or credited as interest on equity, in accordance with the relevant
legislation, will be imputed as part of the amounts of the obligatory dividend
or the statutory dividend of the preferred shares, being for all purposes of
law a part of the amount of the dividends distributed by the Company.&#148; 14)
Drafting of <b><font style="font-weight:bold;">Clause 30 </font></b>as follows: &#147;<b><font style="font-weight:bold;">Clause 30:</font></b> Without prejudice to the
obligatory dividend, every two years, starting from the business year of 2005,
or with a shorter periodicity if the Company&#146;s cash availability so permits,
the Company shall use the profit reserve provided for by line &#147;c&#148; of Clause 28
of these bylaws for the distribution of extraordinary dividends, up to the
limit of cash available, as determined by the Board of Directors, in obedience
to the Company&#146;s Strategic Guidelines Plan and the Dividend Policy contained
therein. <b><font style="font-weight:bold;">&#167; 1</font></b> &#150; It shall be the
function of the Board of Directors of the Company to approve the Strategic
Guidelines Plan, and any provisions thereof. <b><font style="font-weight:bold;">&#167;
2</font></b> &#150; The Company&#146;s Strategic Guidelines Plan shall contain the
long-term strategic planning, the basis, targets, objectives and results to be
pursued and achieved by the Company and its dividend policy, and on these shall
be based the plans, projections, activities, strategies, investments and
expenses to be incorporated in the Company&#146;s Multi-year Strategic Plan, and in
the Annual Budget.&#148; 15) Drafting of Clause 31 as follows: &#147;<b><font style="font-weight:bold;">Clause 31:</font></b> The dividends declared, whether
obligatory or extraordinary, shall be paid in 2 (two) equal installments, the
first by 30 June and the second by 30 December of each year, and the Board of
Directors shall decide the location and processes of payment, subject to these
periods. <b><font style="font-weight:bold;">Sole sub-paragraph:</font></b>
Dividends not claimed within a period of 3 (three) years, from the date on
which they are placed at the disposal of the Stockholder, shall revert to the
benefit of the Company.&#148; <b><font style="font-weight:bold;">B) </font></b>Appointment
of Deloitte Touche Tohmatsu for the provision of services of valuation of the
rights and obligations of Cemig, excluding its fixed assets, to be transferred
to Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. and Cemig Distribui&#231;&#227;o S.A., preparing
opinions, as specified by Clause 8 of Law 10604 of 15 December, 1976, to be
used in the transfer of the rights and obligations of Cemig to the wholly-owned
subsidiaries constituted to carry out the process of de-verticalization (&#147;unbundling&#148;)
of the Company.&#160; As can be seen, the
purpose of the present proposal is to serve the legitimate interests of the
stockholders and of the Company, and for this reason the Board of Directors
hopes that it will be approved by you, the stockholders. Belo Horizonte, 25
November 2004. Signed by: Wilson N&#233;lio Brumer, Member; Member, Djalma Bastos de
Morais; Vice-Chairman; A&#233;cio Ferreira da Cunha, Member; Alexandre Heringer
Lisboa, Member; Firmino Ferreira Sampaio Neto, Member; Francelino Pereira dos
Santos, Member; Maria Estela Kubitschek Lopes, Member; Nilo Barroso Neto,
Member&#148;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Chairman then put the
Proposal of the Board of Directors to this Meeting for debate. Requesting to
speak, the representative of the stockholder State of Minas Gerais suggested a
slight alteration in the proposal under discussion, under which the drafting of
Clause 28 of the bylaws would be the following: &#147;<b><font style="font-weight:bold;">Clause 28:</font></b> Before any profit share, the accumulated losses and
the provision for income tax shall be deducted from the result for the business
year. <b><font style="font-weight:bold;">Sole sub-paragraph: </font></b>Allocation
of the net profit ascertained in each business year shall be as follows: a) 5%
(five percent) for the legal reserve, up to the limit</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6</font></p>

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<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">specified by law; b) 50%
(fifty percent) distributed as obligatory dividends to the stockholders of the
Company, subject to the other terms of these bylaws and the applicable
legislation; and c) The balance, after the retention specified in a capital
expenditure and investment budget prepared by the management of the Company, in
obedience to the Company&#146;s Strategic Guidelines Plan and the dividend policy
contained therein and duly approved, shall be applied in the constitution of a
profit reserve for the purpose of distribution of extraordinary dividends, in
accordance with Clause 30 of these bylaws, up to the maximum limit specified by
Clause 199 of the Corporate Law.&#148;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The stockholder Marcelo
Corr&#234;ia de Moura Baptista then asked to speak, and said that this Proposal
transforms the credit receivable by Cemig into a bloodletting of its own funds.
For each Real retained for the settlement of the debt owed by the State of
Minas Gerais, the Company will have to distribute almost seven Reais in dividends.
This, he continued, would you to de-capitalization, constituting an obstacle to
investments, and increasing indebtedness. Also, with this Proposal more than R$
9 billion would be remitted outside the country, constituting, in his opinion,
a brutal transfer of income from a public company, based on high tariffs
charged to the needy population, to the hands of private investors.&#160; When the above-mentioned Proposal of the
Board of Directors was submitted to the vote, with the amendment suggested by the
representative of the stockholder State of Minas Gerais, it was partially
approved, with votes against by the stockholder Marcelo Corr&#234;ia de Moura
Baptista, for himself and for the Minas Gerais Intermunicipal Electricity
Workers&#146; Union (<i><font style="font-style:italic;">Sindieletro</font></i>), in
relation to Item 11 of the convocation announcement, and by the representative
of the stockholder State of Minas in relation to items 3, 5, 6 and 9 of the
convocation announcement, which were rejected. The stockholders represented by
Lucila Prazeres da Silva abstained.&#160; The
meeting was opened to speeches from the floor, and since no-one wished to
speak, the chairman ordered the session suspended for the time necessary to
write the minutes.&#160; The session being
reopened, the chairman offered the said minutes to debate and submitted them to
the vote, and, verifying that they had been approved and signed, declared the
meeting closed.&#160; Be it hereby known that
I, Anamaria Pugedo Frade Barros, Secretary, drafted these minutes and signed
them jointly with all those present.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">COMPANHIA&#160;
ENERG&#201;TICA&#160; DE&#160; MINAS&#160;
GERAIS - CEMIG<br>
BRAZILIAN LISTED COMPANY&#160; &#150;&#160; CNPJ 17.155.730/0001-64<br>
EXTRAORDINARY GENERAL MEETING OF STOCKHOLDERS</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CONVOCATION</font></b></p>

<p style="margin:0in 0in .0001pt 166.3pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Stockholders are hereby
called to an Extraordinary General Meeting, to be held on 30 December 2004, at
9:30 a.m. at the company&#146;s head office at Avenida Barbacena 1200, 18th floor,
in the city of Belo Horizonte, Minas Gerais State, Brazil, to decide on the
following matters:</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">I &#150; Authorization for the
transfer of the generation, transmission and distribution establishments of
Companhia Energ&#233;tica de Minas Gerais to the wholly-owned subsidiaries Cemig
Gera&#231;&#227;o e Transmiss&#227;o S.A. and Cemig Distribui&#231;&#227;o S.A., by transfer of assets,
rights, obligations intruding tax obligations, employees, clientele and other
elements related to these activities.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">II &#150; Approval of the Opinion
on Valuation of Goods and Physical/accounting Reconciliation of Assets of
Companhia Energ&#233;tica de Minas Gerais, as provided for in Article 8 of Law
6404/76, prepared by SETAPE &#150; Servi&#231;os T&#233;cnicos de Avalia&#231;&#245;es do Patrim&#244;nio e
Engenharia Ltda, and also the transfer of the goods of Cemig&#146;s fixed assets in
service to the wholly owned subsidiaries Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. and
Cemig Distribui&#231;&#227;o S.A.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">III &#150; Approval of the
Opinion on Monetary Special Obligations, Assets and Liabilities of Companhia
Energ&#233;tica de Minas Gerais, as provided for by Article 8 of Law 6404/76,
prepared by the company Deloitte Touche Tohmatsu Auditores Independentes, and
also the transfer of the monetary special obligations, assets and liabilities
of Cemig to the wholly-owned subsidiaries Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. and
Cemig Distribui&#231;&#227;o S.A.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">IV &#150; Authorization for the
transfer, by 31 January 2005, through the paying up of the registered capital
of the wholly-owned subsidiaries Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. and Cemig
Distribui&#231;&#227;o S.A., of the net value specified in the above-mentioned Opinions.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">V &#150; Authorization for the
registration, in the account line <i><font style="font-style:italic;">Advances
for future increases of capital</font></i>, in Companhia Energ&#233;tica de Minas
Gerais, of the accounting balances at 31 December 2004 of the goods, rights and
obligations of Cemig, deducting the amount corresponding to the net amount of
the values specified by the above-mentioned Opinions, the result of which shall
be subscribed to the registered capital of the wholly-owned subsidiaries Cemig
Gera&#231;&#227;o e Transmiss&#227;o S.A. and Cemig Distribui&#231;&#227;o in 2005.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">VI &#150; Change in the
composition of the Board of Directors and, consequently, election of the
sitting and substitute members of the said Board, through cumulative vote, as
requested by the stockholder Southern Electric Brasil Participa&#231;&#245;es Ltda. and
as a result of the resignation of one Board Member.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Pursuant to Clause 3 of CVM
Instruction 165 of 11 December 1991, adoption of a requisition to elect members
of the Board by the cumulative voting method requires the affirmative vote of
stockholders representing in aggregate a minimum of 5% (five percent) of the
company&#146;s total voting stock.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Any stockholder who wishes
to be represented by proxy in this General Meeting should obey the terms of
Article 126 of Law 6406/76, as amended, and the sole paragraph of Article 9 of
the Company&#146;s By-laws, by depositing, preferably by 28 December 2004, proofs of
ownership of the shares, issued by a depositary financial institution, and a
power of attorney with special powers, at the management office of the General
Secretariat of Cemig at Av. Barbacena 1,200 &#150; 19th floor, B1 wing, Belo
Horizonte, state of Minas Gerais, Brazil, or by showing the said proofs of
ownership at the time of the meeting.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Belo Horizonte, 13 December
2004.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wilson N&#233;lio Brumer</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chairman of the Board of
Directors</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt 2.05pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">PROPOSAL BY THE BOARD OF DIRECTORS
TO THE EXTRAORDINARY GENERAL<br>
MEETING TO BE HELD ON 30 DECEMBER 2004.</font></b></p>

<p style="margin:0in 0in .0001pt 2.05pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 2.05pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Dear Stockholders:</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">In view of the following:</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a) the need to change the
bylaws to improve the attributions of the Board of Directors, and to establish
guiding procedures for preparation of the Company&#146;s Master Guidelines Plan;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b) the requirement that any
changes in the Bylaws should be previously approved by the National Electricity
Agency (ANEEL);</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c) that for Cemig to adapt
to the new model for the electricity sector established by Law 10848 of 15
March 2004, it is necessary for it to carry out a stockholding restructuring;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d) that State Law 15290 of 4
August 2004 authorized the stockholding restructuring of Cemig, through the
creation of wholly-owned subsidiaries constituted specifically for the
activities of generation, transmission and distribution, upon decision by the
Board of Directors of the company, with Cemig having the role of a holding
company and keeping stockholding control of the companies to be created;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e) that the Board of
Directors of Cemig, through CRCA/105/2004, of 27 August 2004, approved the
creation of two wholly owned subsidiaries, one to be named Cemig Gera&#231;&#227;o e
Transmiss&#227;o S.A. and the other Cemig Distribui&#231;&#227;o S.A.;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f) that there will be
transferred to these wholly-owned subsidiaries goods, rights and obligations of
Cemig related to the activities of generation, transmission and distribution of
electricity;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g) that the company SETAPE &#150;
Servi&#231;os T&#233;cnicos de Avalia&#231;&#245;es do Patrim&#244;nio e Engenharia Ltda. was appointed
by the Extraordinary General Meeting of Cemig held on 16 September 2004 to
prepare Opinions on Valuation of Goods and Physical-accounting Reconciliation
of the Assets of Cemig, as provided for by Clause 8 of Law 6404/76;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)&#160; that the company Deloitte Touche Tohmatsu
Auditores Independentes was appointed by the Extraordinary General Meeting of
Cemig to prepare another Opinion attesting to the balance of Monetary Special
Obligations, Assets and Liabilities of Cemig, to be transferred to the
subsidiaries Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. and Cemig Distribui&#231;&#227;o S.A.;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

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</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Board of Directors
proposes to submit to the Extraordinary General Meeting:</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A) Authorization for the
transfer of the establishments of generation, transmission and distribution of
Cemig to the wholly-owned subsidiaries Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. and
Cemig Distribui&#231;&#227;o S.A., through the transfer of goods, rights, obligations
including tax obligations, employees, clientele and other elements related to
these activities.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">B) Approval of the Opinions
on Valuation of Goods and Physical-accounting Reconciliation of Assets of
Cemig, as provided for by Clause 8 of Law 6404/76, prepared by SETAPE &#150;
Servi&#231;os T&#233;cnicos de Avalia&#231;&#245;es do Patrim&#244;nio e Engenharia Ltda., and also the
transfer of the goods of Cemig&#146;s fixed assets in service to the wholly-owned
subsidiaries Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. and Cemig Distribui&#231;&#227;o S.A., for
the amounts, net of depreciation, of R$ 3,834,690,584.97 and R$
4,143,272,149.71, respectively.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">C) Approval of the Opinion
on Monetary Special Obligations, Assets and Liabilities of Cemig, as provided
for by Clause 8 of Law 6404/76, prepared by the company Deloitte Touche
Tohmatsu Auditores Independentes, and also the transfer of the monetary special
obligations, assets and liabilities of Cemig to the wholly-owned subsidiaries
Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A and Cemig Distribui&#231;&#227;o S.A., in the net
negative amounts of R$ 1,575,671,165.99 and R$ 3,667,520.935.34, respectively.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">D) Authorization for the
transfer, up to 31 January 2005, through the paying-up of the registered
capital of the wholly-owned subsidiaries Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. and
Cemig Distribui&#231;&#227;o S.A., of the net amount of the values specified in the
above-mentioned Opinions to be approved in the Extraordinary General Meeting to
be held on 30 December 2004.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">E) Authorization for
registration in the account line <i><font style="font-style:italic;">Advances
for future increases of capital </font></i>of Companhia Energ&#233;tica de Minas
Gerais, of the accounting amounts at 31 December 2004&#160; of the goods, rights and obligations of
Cemig, less the amount of R$ 2,734,770,633.35, corresponding to the net amount
of the above-mentioned Opinions to be approved at the said EGM, the result of
which shall be incorporated into the registered capital of the wholly-owned
subsidiaries Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A and Cemig Distribui&#231;&#227;o S.A in
2005.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As can be seen, the aim of
this proposal is to meet legitimate interests of the stockholders and of the
Company, and for this reason the Board of Directors expects that it will be
approved by you, the stockholders.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Belo Horizonte, 13 December
2004.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Wilson N&#233;lio Brumer</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chairman</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Djalma Bastos de Morais</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Vice-Chairman</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">A&#233;cio Ferreira da Cunha</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Member of the Board</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Alexandre Heringer Lisboa</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Member of the Board</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Andr&#233;a Paula Fernandes</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Member of the Board</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ant&#244;nio Adriano Silva</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Member of the Board</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Ant&#244;nio Luiz Barros de
Salles</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Member of the Board</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Carlos Augusto Leite Brand&#227;o</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Member of the Board</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Firmino Ferreira Sampaio
Neto</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Member of the Board</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Francelino Pereira dos
Santos</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Member of the Board</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Jos&#233; Augusto Pimentel Pess&#244;a</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Member of the Board</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Maria Estela Kubitschek
Lopes</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Member of the Board</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Nilo Barroso Neto</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Member of the Board</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Oderval Esteves Duarte Filho</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Member of the Board</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">COMPANHIA
ENERG&#201;TICA DE MINAS GERAIS - CEMIG</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Listed
Company &#150; Taxpayer No. 17.155.730/0001-64</font></p>

<p style="margin:0in 0in .0001pt 68.45pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Extract from the minutes of
the 339th meeting of the Board of Directors.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date, time and place: Nov
11, 2004, at 9:00 a.m., at the head offices, at Av. Barbacena, 1.200 &#150; 18<sup>th</sup>
floor, Belo Horizonte-MG.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Presiding officers:
Chairman: Wilson N&#233;lio Brumer / Secretary: Anamaria Pugedo Frade Barros.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Summary of events: I- The
Board approved the minutes of this meeting. II- The Board determined that the
re-negotiation of the CRC (Results to be Compensated Account) Contract between
the State of Minas Gerais and CEMIG should be continued. III- The Chairman and
the Members of the Board Andr&#233;a Paula Fernandes, Carlos Augusto Leite Brand&#227;o,
Jos&#233; Augusto Pimentel Pess&#244;a and Oderval Esteves Duarte Filho and Djalma Bastos
de Morais commented on general matters and business of interest to the Company.
Participants: Members of the Board Wilson N&#233;lio Brumer, Djalma Bastos de
Morais, A&#233;cio Ferreira da Cunha, Alexandre Heringer Lisboa, Andr&#233;a Paula
Fernandes, Carlos Augusto Leite Brand&#227;o, Firmino Ferreira Sampaio Neto,
Francelino Pereira dos Santos, Jos&#233; Augusto Pimentel Pess&#244;a, Maria Estela
Kubitschek Lopes, Nilo Barroso Neto, Oderval Esteves Duarte Filho and Francisco
Sales Dias Horta; Fl&#225;vio Decat de Moura, Director; and Anamaria Pugedo Frade
Barros, Secretary.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Anamaria Pugedo Frade Barros</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman"><img width="428" height="51" src="g149781baimage002.gif"></font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">COMPANHIA ENERG&#201;TICA DE MINAS GERAIS &#150; CEMIG</font></b><b><font style="font-weight:bold;"><br>
<i><font style="font-style:italic;">CNPJ 17.155.730/0001-64</font></i></font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Decisions
taken by the Meeting of the Supervisory Board on 16 Dec. 2004:</font></i></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Supervisory Board decided to authorize the signing
of the documents below relative to the Queimado Hydro-electric:</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 1.&#160;&#160;&#160;&#160;&#160;&#160; First,
Second and Third amendments to the Contract of implementation of the project.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; 2.&#160;&#160;&#160;&#160;&#160;&#160; Agreement
for reciprocal settlement of rights and obligations.</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">SIGNATURES</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="53%" valign="top" style="padding:0in 0in 0in 0in;width:53.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="46%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:46.02%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">COMPANHIA
  ENERGETICA DE MINAS<br>
  GERAIS &#150; CEMIG</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in 0in 0in 0in;width:53.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="46%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:46.02%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in 0in 0in 0in;width:53.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="46%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:46.02%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in 0in 0in 0in;width:53.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="4%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:4.2%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By:</font></p>
  </td>
  <td width="29%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:29.34%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/
  Fl&#225;vio Decat de Moura</font></p>
  </td>
  <td width="12%" valign="top" style="padding:0in 0in 0in 0in;width:12.5%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in 0in 0in 0in;width:53.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Fl&#225;vio
  Decat de Moura</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in 0in 0in 0in;width:53.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="3%" valign="top" style="padding:0in 0in 0in 0in;width:3.78%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="6%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:6.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="35%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:35.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief
  Financial Officer and Investor<br>
  Relations Officer</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in 0in 0in 0in;width:53.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="46%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:46.02%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in 0in 0in 0in;width:53.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="46%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:46.02%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="53%" valign="top" style="padding:0in 0in 0in 0in;width:53.98%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date:
  December 17, 2004</font></p>
  </td>
  <td width="46%" colspan="5" valign="top" style="padding:0in 0in 0in 0in;width:46.02%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr height="0">
  <td width="404" style="border:none;"></td>
  <td width="28" style="border:none;"></td>
  <td width="3" style="border:none;"></td>
  <td width="45" style="border:none;"></td>
  <td width="175" style="border:none;"></td>
  <td width="93" style="border:none;"></td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15</font></p>

<div style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">

<hr size="2" width="100%" noshade color="gray" align="left">

</font></div>

</div>
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`
end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
