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<SEC-DOCUMENT>0001104659-07-082245.txt : 20071113
<SEC-HEADER>0001104659-07-082245.hdr.sgml : 20071112
<ACCEPTANCE-DATETIME>20071113105504
ACCESSION NUMBER:		0001104659-07-082245
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		8
CONFORMED PERIOD OF REPORT:	20071113
FILED AS OF DATE:		20071113
DATE AS OF CHANGE:		20071113

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:		071235503

	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>a07-26434_26k.htm
<DESCRIPTION>6-K
<TEXT>
<html>

<head>





</head>

<body lang="EN-US">

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

<div style="border:none;border-top:double windowtext 6.0pt;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. 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 13</font></b><b><font size="3" style="font-size:12.0pt;font-weight:bold;">a-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 November 2007</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 style="color:#000033;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">Avenida Barbacena, 1200</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;">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;"><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">x</font>&nbsp;&nbsp;
Form 40-F &#160;&nbsp;&nbsp;<font face="Wingdings">o</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="color:#000033;font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;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><font color="black" face="Wingdings" style="color:windowtext;">o</font></p><p style="color:#000033;margin:0in 0in .0001pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p><p style="color:#000033;font-size:10.0pt;margin:0in 0in .0001pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;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><font color="black" face="Wingdings" style="color:windowtext;">o</font></p><p style="color:#000033;margin:0in 0in .0001pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;fon
t-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&nbsp;&nbsp;</font><font face="Wingdings">o</font>&nbsp;&nbsp;No&nbsp;&nbsp;<font face="Wingdings">x</font>&nbsp;&nbsp;</p>

<p style="margin:0in 0in .0001pt;text-indent:.5in;"><u><font size="2" face="Times New Roman" style="font-size:10.0pt;"><font style="text-decoration:none;">&nbsp;</font></font></u></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 6.0pt;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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='',FILE='C:\JMS\dtodman\07-26434-2\task2516705\26434-2-ba.htm',USER='dtodman',CD='Nov  9 14:10 2007' -->


<br clear="all" style="page-break-before:always;">


<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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Index</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>

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="4%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:4.54%;">
  <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="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <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="93%" valign="bottom" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:93.24%;">
  <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&nbsp;of&nbsp;Item</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="border:none;padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CEMIG: 3Q 2007 Results
  Video Webcast and Conference Call</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Market Announcement,
  October 15, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Summary of the
  Decisions of the 419<sup>th</sup> Meeting of the Board of Directors, October
  16, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CEMIG Distribui&#231;&#227;o S.A
  Summary of Decisions of the 57<sup>th</sup> Meeting of the Board of
  Directors, October 16, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CEMIG Gere&#231;&#227;o e
  Transmiss&#227;o S.A. Summary of Decisions of the 55<sup>th</sup> Meeting of the
  Board of Directors, October 16, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CEMIG Distribui&#231;&#227;o S.A.
  Minutes of the General Stockholder Meeting, October 17, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CEMIG Gere&#231;&#227;o e
  Transmiss&#227;o S.A. Minutes of the General Stockholder Meeting, October 17, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Minutes of the
  Extraordinary Meeting, October 17, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Summary of Decisions
  Taken By the 420<sup>th</sup> Meeting of the Board of Directors</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CEMIG Distribui&#231;&#227;o S.A.
  Summary of Principal Decisions of 58<sup>th</sup> Meeting of Board of
  Directors, October 30, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CEMIG Gere&#231;&#227;o e
  Transmiss&#227;o S.A. Summary of Principal Decisions of 56<sup>th</sup> Meeting of
  Board of Directors, October 30, 2007</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CEMIG Gere&#231;&#227;o e
  Transmiss&#227;o S.A. Bylaws</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CEMIG Distribui&#231;&#227;o S.A.
  Bylaws</font></p>
  </td>
 </tr>
 <tr>
  <td width="4%" valign="top" style="padding:0in 0in 0in 0in;width:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <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:4.54%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14.</font></p>
  </td>
  <td width="2%" valign="bottom" style="padding:0in 0in 0in 0in;width:2.22%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="93%" valign="top" style="padding:0in 0in 0in 0in;width:93.24%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">CEMIG Bylaws</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;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<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="570" height="45" src="g264342bai001.jpg"></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;text-autospace:none;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CEMIG: 3Q 2007 RESULTS</font></u></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;">&nbsp;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VIDEO WEBCAST AND CONFERENCE CALL</font></u></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 style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The Directors of <b>Cemig</b>
(Bovespa</font> &#150; CMIG3, CMIG4; NYSE &#150; CIG, CIG.C; LATIBEX&#150; XCMIG)
have the pleasure of inviting you to participate in the transmission of Cemig&#146;s</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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">THIRD
QUARTER 2007 RESULTS</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;">&#160;<b>video
webcast</b> and <b>conference call,<br>
</b>on:</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;">Thursday,
November 08, 2007<br>
at 12:00 pm (Bras&#237;lia time)</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;">Simultaneous translation in English.</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><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Presentation</font></u></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;">M&#225;rcio
Araujo de Lacerda</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;">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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Djalma
Bastos de Morais</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;">CEO</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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Luiz
Fernando Rolla</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;">Chief Officer for
Finance, Investor Relations and Control of Holdings</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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Agostinho
Faria Cardoso</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;">Investor Relations
Manager</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>

<div align="center">

<table border="0" cellspacing="0" cellpadding="0" width="50%" style="border-collapse:collapse;width:50.0%;">
 <tr>
  <td width="42%" valign="top" style="padding:0in 0in 0in 0in;width:42.0%;">
  <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;">Video
  webcast :</font></b></p>
  </td>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.0%;">
  <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;">http://cemig.infoinvest.com.br</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0in 0in 0in 0in;width:42.0%;">
  <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;">Audio
  conference call:</font></b></p>
  </td>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.0%;">
  <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;">+ 55 11
  4688-6301</font></b></p>
  </td>
 </tr>
 <tr>
  <td width="42%" valign="top" style="padding:0in 0in 0in 0in;width:42.0%;">
  <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;">Password:</font></b></p>
  </td>
  <td width="58%" valign="top" style="padding:0in 0in 0in 0in;width:58.0%;">
  <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;">CEMIG</font></b></p>
  </td>
 </tr>
</table>

</div>

<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><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Playback</font></u>
of the <u>video webcast</u>:<br>
</b>http://cemig.infoinvest.com.br<br>
Click on the banner and download.</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;">Available: for 90 days</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="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><u><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Playback</font></u></b><b> of the <u>conference call</u>:</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;">Telephone:
+55 11 4688 6312<br>
Password: 260</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;">Available: 8 to 19 november, 2007</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;"><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;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Any questions, please ring Patr&#237;cia Nobre on +55 31
3506-5024.</font></i></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;">2</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></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="570" height="45" src="g264342bai001.jpg"></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;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">COMPANHIA
ENERG&#201;TICA DE MINAS GERAIS &#150; CEMIG<br>
Listed company<br>
CNPJ: 17.155.730/0001-64<br>
Avenida Barbacena, 1200<br>
Belo Horizonte, Minas Gerais, Brazil, CEP 30190-131<br>
NIRE: 31300040127</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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">MARKET ANNOUNCEMENT</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 style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cemig (Companhia Energ&#233;tica
de Minas Gerais) a listed company with equity securities listed on the stock
exchanges of S&#227;o Paulo, New York and Madrid, in accordance with its commitment
to implement best corporate governence practices, hereby announces that the
processes of Legal Information Management, Legal Proceedings and Actions Management,
and Legal Contracts Management under the responsibility of its Legal Department
have been audited by the international certification organization Bureau
Veritas Certification (BVQI), and on October 11, 2007 were recommended for <b>ISO 9001:2000 certification</b>.</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;">ISO certification of the
processes described above aims to strengthen the corporate governance practices
currently in implementation by the management of <b>Cemig</b>. It will also provide, in conjunction with the measures
for adaptation of legal controls to the requirement of the Sarbanes-Oxley Law,
greater security and efficacy for the Company&#146;s legal activities and
information, and contribute to greater reliability and transparency in the
disclosure of its results and financial statements.</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;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Belo
Horizonte, October 15, 2007.</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;">&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;">Luiz
Fernando Rolla</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;">Chief
officer for Finance, Investor Relations and Control of Holdings</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;">3</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;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="570" height="45" src="g264342bai001.jpg"></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;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<br>
Listed company<br>
CNPJ 17.155.730/0001-64<br>
NIRE 31300040127</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 style="font-size:10.0pt;margin:0in 0in .0001pt 25.0pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">S</font></b><b>UMMARY OF DECISIONS OF THE </b><b>419<sup>TH</sup></b><b> MEETING OF THE </b><b>B</b><b>OARD OF </b><b>D</b><b>IRECTORS</b><b>.</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 style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At its meeting held on
october 16, 2007 the Board of Directors of Companhia Energ&#233;tica de Minas Gerais
approved 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="font-size:10.0pt;margin:0in 0in .0001pt 45.0pt;text-autospace:none;text-indent:-20.0pt;"><font size="3" face="Times New Roman" style="font-size:12.0pt;">&#149;</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Five-year Business Plan presented.</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;">4</font></p>

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<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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CEMIG
DISTRIBUI&#199;&#195;O S.A.</font></b></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;">Listed company &#150; CNPJ 06.981.180/0001&#151;16</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="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;">S</font></b><b>UMMARY OF DECISIONS OF THE </b><b>57<sup>TH</sup></b><b> MEETING OF THE </b><b>B</b><b>OARD OF </b><b>D</b><b>IRECTORS</b><b>.</b></p>

<p style="margin:0in 0in .0001pt 26.75pt;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 its meeting held on
october 16, 2007, the board of directors of Cemig Distribui&#231;&#227;o S.A. approved
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="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-17.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Five-year Business Plan presented.</p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-17.95pt;"><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 .5in;text-autospace:none;text-indent:-17.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Acquisition of electricity meters.</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;">5</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;">&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;">CEMIG GERA&#199;&#195;O E TRANSMISS&#195;O S/A</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;">Listed company &#150; CNPJ 06.981.176/0001-58.</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="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;">S</font></b><b>UMMARY OF DECISIONS OF THE </b><b>55<sup>TH</sup></b><b> MEETING OF THE </b><b>B</b><b>OARD OF </b><b>D</b><b>IRECTORS</b><b>.</b></p>

<p style="margin:0in 0in .0001pt 16.9pt;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 its meeting held on
october 16, 2007, the board of directors of Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A.
approved 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="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-17.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Contracting of financing / Hidrel&#233;trica
Cachoeir&#227;o S.A.</p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-17.95pt;"><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 .5in;text-autospace:none;text-indent:-17.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Amendment to Stockholders&#146; Agreement /
Hidrel&#233;trica Cachoeir&#227;o S.A.</p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-17.95pt;"><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 .5in;text-autospace:none;text-indent:-17.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Subscription of shares and signing of
Stockholders&#146; Agreement / Guanh&#227;es Energia S.A.</p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-17.95pt;"><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 .5in;text-autospace:none;text-indent:-17.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Injection of capital portion in excess of
equity / UHE Baguari Consortium.</p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-17.95pt;"><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 .5in;text-autospace:none;text-indent:-17.95pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Five-year Business Plan presented.</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;">6</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;">&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;">CEMIG DISTRIBUI&#199;&#195;O S.A.</font></b></p>

<p style="margin:0in 0in .0001pt 128.7pt;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;">Listed company &#151; CNPJ 06.981.180/0001-16</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;">MINUTES OF THE GENERAL STOCKHOLDER MEETING</font></b></p>

<p align="center" style="margin:0in 0in .0001pt 9.3pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">BEGUN ON AUGUST 23, 2007, RESUMED ON SEPTEMBER 12, 2007 AND</font></p>

<p align="center" style="margin:0in 0in .0001pt 9.3pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">COMPLETED ON OCTOBER 17, 2007</font></p>

<p style="margin:0in 0in .0001pt 9.3pt;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;text-indent:56.9pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">At 1 p.m. on August 23, 2007 the stockholder Companhia Energ&#233;tica de
Minas Gerais, holder of 100% of the shares, represented by Counsel Manoel
Bernardino Soares, as recorded in the Stockholders&#146; Attendance Book, attended
the Company&#146;s head office at Av. Barbacena 1200, 17<sup>th</sup> floor, A1 wing,
Belo Horizonte, Minas Gerais, for an Extraordinary General Stockholder meeting
on first convocation.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.9pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.9pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Initially, and in accordance with Clause 6 of the Bylaws, the
representative of the stockholder Companhia Energ&#233;tica de Minas Gerais proposed
the name of the Company&#146;s CEO, Djalma Bastos de Morais, to chair the meeting.
Put to the vote the proposal of the stockholder Companhia Energ&#233;tica de Minas
Gerais was approved.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.9pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;text-indent:56.9pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">The Chairman then declared the meeting open and invited me, Anamaria
Pugedo Frade Barros, Superintendent of the General Secretariat of Cemig, to be
Secretary of the meeting, requesting me to read the Convocation Announcement,
published in the newspapers </font></i></b><b>Minas Gerais<i>,
official journal of the powers of the state, on August 3, 4 and 7, 2007, </i>O
Tempo<i>, on August 3, 4 and 5, and</i>
Gazeta Mercantil<i> on August 3, 6 and 7, the
content of which is as follows:</i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&nbsp;</font></i></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#147;CEMIG DISTRIBUI&#199;&#195;O S.A.</font></i></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">CNPJ 06.981.180/0001-16 &#150; NIRE
31300020568 &#150; LISTED COMPANY</font></i></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">EXTRAORDINARY GENERAL MEETING OF
STOCKHOLDERS</font></i></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;text-indent:.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">CONVOCATION</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;text-indent:56.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">The stockholder Companhia Energ&#233;tica de Minas Gerais is hereby called
to the Extraordinary General Meeting to be held on August 23, 2007 at 1 p.m. at
Av. Barbacena 1200, 17<sup>th</sup> floor, A1 wing, in the city of Belo
Horizonte, de Minas Gerais, to decide on the following changes to the Bylaws:</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><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 35.4pt;text-autospace:none;text-indent:-17.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1-</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Change in Clause 12 to define the
attributions of the Board of Directors and to provide for the possibility of
the Board of Directors delegating to the Executive Board the competency to
authorize and sign contracts for the sale of electricity and the provision of
distribution services.</p>

<p style="margin:0in 0in .0001pt 35.4pt;text-autospace:none;text-indent:-17.35pt;"><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 35.4pt;text-autospace:none;text-indent:-17.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2-</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Change in the name of the Chief Finance,
Holdings and Investor Relations Officer&#146;s Department.</p>

<p style="margin:0in 0in .0001pt 35.4pt;text-autospace:none;text-indent:-17.35pt;"><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 35.4pt;text-autospace:none;text-indent:-17.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3-</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Consequent change in the Head Paragraph of
Clause 13.</p>

<p style="margin:0in 0in .0001pt 35.4pt;text-autospace:none;text-indent:-17.35pt;"><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 35.4pt;text-autospace:none;text-indent:-17.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4-</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Change in the Head Paragraph of Clause 14 and
its first sub-paragraph to improve the drafting.</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;">7</font></p>

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

<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="font-size:10.0pt;margin:0in 0in .0001pt 35.4pt;text-autospace:none;text-indent:-17.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5-</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Change in Sub-paragraphs 1, 2, 3, and 4 of
Clause 16 to improve the drafting, to adjust the name of the Chief Finance,
Holdings and Investor Relations Officer&#146;s Department, and to define the
attributions of the Executive Board.</p>

<p style="margin:0in 0in .0001pt 35.4pt;text-autospace:none;text-indent:-17.35pt;"><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 35.4pt;text-autospace:none;text-indent:-17.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6-</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Change in Clause 17 to define the
attributions of the members of the Executive Board.</p>

<p style="margin:0in 0in .0001pt 35.4pt;text-autospace:none;text-indent:-17.35pt;"><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 35.4pt;text-autospace:none;text-indent:-17.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">7-</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Change in Clause 21 for tax optimization and
to improve the drafting.</p>

<p style="margin:0in 0in .0001pt 35.4pt;text-autospace:none;text-indent:-17.35pt;"><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 35.4pt;text-autospace:none;text-indent:-17.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8-</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Insertion of new Clauses numbered 25, to
ensure sharing by the employees in the company&#146;s profits or economic results,
and 26, to establish that the General Meeting of Stockholders shall, annually,
set limits to the sharing of the Managers in the profits of the company.</p>

<p style="margin:0in 0in .0001pt 35.4pt;text-autospace:none;text-indent:-17.35pt;"><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 35.4pt;text-autospace:none;text-indent:-17.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9-</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Consequent re-numbering of the present
Clauses 25 &#151; to be 27; and 26 &#151; to be 28; and their alteration to improve their
drafting and to contain provision for the possibility of contracting of third
party liability insurance for the Managers.</p>

<p style="margin:0in 0in .0001pt 35.4pt;text-autospace:none;text-indent:-17.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 56.7pt;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Belo Horizonte, July 26, 2007.</font></i></b></p>

<p style="margin:0in 0in .0001pt 56.7pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 56.7pt;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">M&#225;rcio Ara&#250;jo de Lacerda, Chairman of the Board of Directors&#148;.</font></i></b></p>

<p style="margin:0in 0in .0001pt 56.7pt;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;text-indent:56.9pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Continuing with the business of the meeting, the Chairman requested the
Secretary to read the Proposal by the Board of Directors, dealing with the agenda,
the content is of which as follows:</font></i></b></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;">&nbsp;</font></i></b></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;">&#147;PROPOSAL BY THE BOARD OF DIRECTORS TO THE</font></i></b></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;">EXTRAORDINARY GENERAL MEETING OF
STOCKHOLDERS</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;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">To the stockholder Companhia Energ&#233;tica de Minas Gerais:</font></i></b></p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Whereas:</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="font-size:10.0pt;margin:0in 0in .0001pt 35.3pt;text-autospace:none;text-indent:-17.3pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">a)</font></i><i><font size="1" style="font-size:3.0pt;font-style:italic;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i><i>there is a need for restructuring of the distribution of
competencies between the various management bodies of the company;</i></p>

<p style="margin:0in 0in .0001pt 35.3pt;text-autospace:none;text-indent:-17.3pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">&nbsp;</font></i></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 35.3pt;text-autospace:none;text-indent:-17.3pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">b)</font></i><i><font size="1" style="font-size:3.0pt;font-style:italic;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i><i>it is convenient that there
should be provision in the Bylaws relating to the distribution of profits or
economic results to the employees, and also of profits to the managers, in accordance
with the limits to be fixed by the General Meeting of Stockholders to comply
with Article 190 of Law 6404 of December 15, 1976, and the rulings of the
Brazilian Securities Commission (CVM);</i></p>

<p style="margin:0in 0in .0001pt 35.3pt;text-autospace:none;text-indent:-17.3pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">&nbsp;</font></i></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 35.3pt;text-autospace:none;text-indent:-17.3pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">c)</font></i><i><font size="1" style="font-size:3.0pt;font-style:italic;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i><i>it is necessary to have provision in the Bylaws for distribution
of profits or economic results, also, as a means of tax planning, to enable
shares of results that are distributed to be deducted directly from the profit,
avoiding infringement notices by the Brazilian Federal Tax Authority, such as
have recently been served on the Company precisely because of the absence of
this provision;</i></p>

<p style="margin:0in 0in .0001pt 35.3pt;text-autospace:none;text-indent:-17.3pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">&nbsp;</font></i></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 35.3pt;text-autospace:none;text-indent:-17.3pt;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">d)</font></i><i><font size="1" style="font-size:3.0pt;font-style:italic;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i><i>there is a need to introduce a provision for possibility of
contracting third party liability insurance for the managers of the company,
upon a proposal by its Board of Directors;</i></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;">8</font></p>

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

<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="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>there is a need for revision of several
provisions of the Bylaws to make them more appropriate in formal and/or legal
terms;</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;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#150; the Board of Directors proposes to the Extraordinary General Meeting:</font></i></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="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">1)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">To change
the drafting of Clause 12, to define the competencies of the Board of
Directors, to the following:</i></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="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#147;Clause 12</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">It shall
be the responsibility of the Board of Directors, as well as other matters
ascribed to it by law,</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">a)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to fix the
general orientation of the company&#146;s business;</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">b)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to elect
or dismiss the Executive Officers of the company, subject to these bylaws;</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">c)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to decide,
prior to the company entering into them, on contracts between the company and
any of its stockholders, or companies which are sole or joint controlling
stockholders of any of its stockholders;</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">d)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to decide,
upon proposal by the Executive Board, on disposal of or placement of a charge
on any of the company&#146;s property, plant or equipment, and on the giving by the
company of any guarantee to any third parties of which the individual value is
greater than or equal to R$ 5,000,000.00 (five million Reais);</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">e)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to decide,
upon proposal put forward by the Executive Board, on the company&#146;s capital
investment projects, signing of contracts and legal transactions in general,
contracting of loans, financings, or the constitution of any obligations in the
name of the company, the value of which, individually or in aggregate, is R$
5,000,000.00 (five million Reais) or more, including injections of capital into
wholly-owned subsidiaries, jointly-controlled companies and affiliated
companies and the consortia in which it participates;</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">f)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to call
the General Meeting of Stockholders;</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">g)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to monitor
and inspect the management by the Executive Board, for which the Board of
Directors may at any time examine the books and papers of the company, and
request information on contracts agreed or in the process of being agreed, and
on any other administrative facts or actions which it deems to be of interest;</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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">h)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to state a
prior opinion on the report of management and the accounts of the company&#146;s
Executive Board;</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">i)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to choose,
annually, and to dismiss, the company&#146;s auditors, from among companies with
international reputation authorized by the Securities Commission (CVM) to audit
listed companies;</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">j)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to
authorize, upon a proposal by the Executive Board, the start of administrative
proceedings for competitive bids, and proceedings for</i></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<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 1.25in;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">dispensation from and non-requirement of bids, and the corresponding
contracts, in amounts greater than or equal to R$ 5,000,000.00 (five million
Reais);</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:14.1pt;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">l)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to
authorize, upon proposal by the Executive Board, the filing of legal actions,
administrative proceedings and entering into Court or out-of-court agreements
in the amount of R$ 5,000,000.00 (five million Reais) or more;</i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:14.1pt;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">m)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to
authorize the issue of securities, in the domestic or external markets, for the
raising of funds, in the form of debentures, promissory notes, medium-term
notes and other instruments.</i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:14.1pt;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">n)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to approve
the company&#146;s Long-Term Strategic Plan and revisions of it, the Multi-year
Strategic Implementation Plan and revisions of it, and the Annual Budget.</i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:14.1pt;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">o)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to set the
directives and establish limits, including financial limits, for spending on
personnel, including concession of benefits and collective labor agreements,
subject to the competence of the General Meeting of Stockholders and the Annual
Budget approved;</i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:14.1pt;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">p)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to
authorize the exercise of the right of preference under stockholders&#146;
agreements or vote in wholly-owned subsidiaries, jointly-controlled companies,
affiliates and the consortia in which the Company participates.</i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:14.1pt;"><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 1.0in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 1</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">The
company&#146;s Long-Term Strategic Plan should contain the long-term strategic
planning, grounds, targets, objectives and results to be pursued and achieved
by the company and its dividend policy, on which the plans, projections,
activities, strategies, capital expenditure and expenses will be based that are
to be incorporated in the multi-year Strategic Implementation Plan and the
Annual Budget prepared and approved in accordance with these Bylaws.</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 2</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">The Board
of Directors, by specific resolutions, may delegate the power to authorize
agreement of contracts for sales of electricity or for provision of
distribution services to the Executive Board, in accordance with the
legislation.</i></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 align="center" style="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-align:center;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">2)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">To change
the name of the Chief Finance, Holdings and Investor Relations Officer to the
Chief Officer for Finance, Investor Relations and Control of Holdings,
consequently changing the drafting of the head paragraph of Clause 13, to the
following:</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="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.75in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#147;Clause 13</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">The
Executive Board shall be made up of 8 (eight) Executive Officers, who may be
stockholders, resident in Brazil, namely: the Chief Executive Officer, the
Executive Vice-Chairman, the Chief Officer for Finance, Investor Relations and
Control of Holdings, the Chief Corporate Management Officer, the Chief Energy
Distribution and Sales Officer, the Chief Trading Officer, the Chief New
Business Officer and a Director without specific designation, all elected and
able</i></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<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 1.0in;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">to be dismissed at any time by General Meeting of the Sole Stockholder
&#150; Cemig, with period of office of 3 (three) years, re-election being permitted.
The period of office of the Chief Officers shall extend up to the new Chief
Officers elected being sworn in.&#148;</font></i></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="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">3)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">To change
the drafting of the head paragraph and &#167; 1 of Clause 14, to improve the
drafting, to the following;</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="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.75in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Clause 14:</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">In the
event of absence, leave, resignation or vacancy of the post of the Chief
Executive Officer, this post shall be exercised by the Executive Vice-Chairman,
for whatever period the absence or leave &#150; or, in the event of vacancy, the impediment
or resignation &#150; may last, until the post is filled by the Board of Directors.</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 1</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">If there
is absence, leave, resignation or vacancy of any of the other members of the
Executive Board, a meeting of the Executive Board may by a majority vote attribute
the exercise of the respective functions to another Executive Officer, for
whatever period the absence or leave &#150; or, in the event of vacancy, the
impediment or resignation &#150; may last, until the post is filled by the Board of
Directors.&#148;</i></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="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">4)</font></i></b><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><i style="font-weight:bold;">To change the drafting of &#167;&#167; 1, 2, 3
and 4 of Clause 16, to improve the drafting and establish the attributions of
the Executive Board, to the following;</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 .25in;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#147;Clause 16&#133;</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="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 1</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">The
company&#146;s Multi-year Strategic Implementation Plan shall contain the plans and
projections for a period of 5 (five) financial years, and must be updated at
least once a year, and shall deal with the following subjects, among others:</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">a)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">the
Company&#146;s strategies and actions, including any project related to its objects;</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">b)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">the new
investments and business opportunities, including those of the company&#146;s
wholly-owned subsidiaries, jointly-controlled companies, and affiliates, and
the consortia in which it participates;</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">c)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">the
amounts to be invested or in any other way contributed from the company&#146;s own
funds or funds of third parties;</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">d)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">the rates
of return and profits to be obtained or generated by the company.</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#167;2</font></i></b><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><i style="font-weight:bold;">The
company&#146;s Annual Budget shall reflect the company&#146;s Multi-year Strategic
Implementation Plan and must give details of operational revenue and expenses,
costs and capital expenditure, cash flow, the amount to be allocated to the
payment of dividends, investments from the company&#146;s own funds or funds of
third parties, and any other data that the Executive Board considers to be
necessary.</i></b></p>

<p style="margin:0in 0in .0001pt 1.0in;text-autospace:none;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 1.0in;text-autospace:none;text-indent:-.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 3</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">The
company&#146;s Multi-year Strategic Plan and the Annual Budget shall be prepared and
updated annually, by the end of each business year, to be in effect in the
following business year. Both shall be prepared, based</i></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">11</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<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 1.0in;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">on the company&#146;s Long-Term Strategic Plan, in coordination with the
Chief Officer for Finance, Investor Relations and Control of Holdings, and
submitted to examination by the Executive Board, and, subsequently, for
approval by the Board of Directors.</font></i></b></p>

<p style="margin:0in 0in .0001pt 45.35pt;text-autospace:none;"><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 1.0in;text-autospace:none;text-indent:-.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#167;4</font></i></b><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><i style="font-weight:bold;">The
following decisions shall require a vote by the Executive Board:</i></b></p>

<p style="margin:0in 0in .0001pt 45.35pt;text-autospace:none;text-indent:-45.3pt;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">a)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">approval
of the plan of organization of the company and issuance of the corresponding
rules and any changes to them;</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">b)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">approval
of the company&#146;s Multi-year Strategic Implementation Plan, and revisions of it,
including timetables, amount and allocation of the capital expenditure
specified in it and its submission to the Board of Directors;</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">c)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">examination
and submission to the Board of Directors, for approval, of the Annual Budget,
which must reflect the Multi-Year Strategic Implementation Plan then in force,
and any revisions thereof;</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">d)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">decision
on re-managing of investments or expenses specified in the Annual Budget which
individually or in aggregate represent, in a single financial year, amount to
less than R$ 5,000,000.00 (five million Reais) with consequent re-adaptation of
the targets approved, obeying the multi-year Strategic Implementation Plan and
the Annual Budget approved;</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">e)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">approval
of disposal of or placement of a charge upon any of the company&#146;s property,
plant or equipment, and the giving of guarantees to third parties, in amounts
less than R$ 5,000,000.00 (five million Reais);</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">f)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">authorization
of the Company&#146;s capital expenditure projects, the signing of agreements and
legal transactions in general, the contracting of loans, financing and the
constitution of an obligation in the name of the Company, based on the annual
budget approved, which individually or in aggregate have values less than R$ 5,000,000.00
(five million Reais), including injection of capital into wholly-owned
subsidiaries, jointly-controlled companies, affiliated companies, and the
consortia in which it participates, subject to the provisions of sub-clause &#147;P&#148;
sub-item IV of Clause 17;</i></b></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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">g)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">approval,
upon proposal by the CEO, jointly with the Chief Officer for Finance, Investor
Relations and Control of Holdings, of statements of vote in the General
Meetings of Stockholders and in the meetings of the Boards of Directors of the
wholly-owned subsidiaries, jointly-controlled companies, affiliated companies
and the consortia in which the company participates, and the decisions must
obey the provisions of the Bylaws, the decisions of the Board of the Directors,
the Long-term Strategic Plan and the Multi-year Strategic Implementation Plan;</i></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


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

<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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">h)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">authorization
to initiate administrative tender proceedings and proceedings for exemption
from and non-requirement for tenders, and the corresponding contracts, in
amounts greater than or equal to R$ 1,000,000.00 (one million Reais) and less
than R$ 5,000,000.00 (five million Reais);</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">i)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">authorization
to file legal actions and administrative proceedings, and to enter into Court
and out-of-court settlements, for amounts less than R$ 5,000,000.00 (five
million Reais);</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#160;j)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">authorization
of provisions in the company&#146;s accounts, of any value, on proposal from the
Chief Officer for Finance, Investor Relations and Control of Holdings;</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">l)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">approval
of the nominations of employees to hold management posts in the Company, upon
proposal by the Chief Officer concerned, subject to the provisions of
sub-clause &#147;h&#148; of sub-item I of Clause 17;</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">m)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">authorization
of expenditure on personnel expenses and collective work agreements, subject to
the competency of the General Meeting of Stockholders, the directives and the
limits approved by the Board of Directors and the Annual Budget approved.</i></b></p>

<p style="margin:0in 0in .0001pt 81.35pt;text-autospace:none;"><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 .25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">5)</font></i></b><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><i style="font-weight:bold;">To change the drafting of Clause 17,
to establish the attributions of the Directors, to the following:</i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.75in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#147;Clause 17</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">Subject to
the provisions of the previous clauses, the following are the functions and
powers attributed to the Executive Board:</i></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><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">I &#151; To the Chief Executive Officer:</font></i></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="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">a)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to oversee
and direct the work of the company;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">b)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to
supervise the preparation and implementation of the Multi-year Strategic
Implementation Plan and to develop the strategies and actions approved;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">c)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to
represent the company in the Courts, actively and passively;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">d)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to sign,
jointly with one of the Executive Officers, documents which bind the company;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">e)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to present
the annual report of the company&#146;s business to the Executive Board and to the
Ordinary General Meeting of Stockholders;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">f)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to hire
and dismiss the company&#146;s personnel;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">g)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to manage
and direct the activities of Internal Audits and Institutional Relationships,
legal, communication and representation activities, the General Secretariat and
the function of the company&#146;s Ombudsman.</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">h)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to propose
to the Executive Board for approval, jointly with the Chief Officer to whom the
employee is linked, the nominations for posts of Superintendent of the Company;</i></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<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="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">i)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to propose
the appointments for posts in management and on the Audit Boards of the Company&#146;s
wholly-owned subsidiaries, jointly-controlled companies and affiliated
companies, and Forluz (Funda&#231;&#227;o Forluminas de Seguridade Social), after hearing
the position of the Chief Officer for Finance, Investor Relations and Control
of Holdings.</i></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><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">II &#150; To the Executive Vice-Chairman:</font></i></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="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">a)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to
substitute the Chief Executive Officer if he is absent, on leave, impeded from
exercising his functions, or has resigned or his post is vacant;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">b)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to propose
improvement of the Company&#146;s social responsibility and sustainability policy;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">c)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to set the
policies and guidelines for the environment, and for technological development,
alternative energy sources and technical standardization;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">d)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to
co-ordinate the company&#146;s strategy for operations in relation to the environment,
technological processes and strategic management of technology;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">e)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to
coordinate and put in place the maintenance of the Company&#146;s quality control
systems;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">f)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to promote
the implementation of programs for the company&#146;s technological development;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">g)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to monitor
performance of plans for compliance with the guidelines for the environment,
technology and the improvement of quality.</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 .5in;text-autospace:none;text-indent:-.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">III-</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">To the
Chief Officer for Finance, Investor Relations and Control of Holdings:</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">a)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to make
available the financial resources necessary for the operation and expansion of
the company, in accordance with the Annual Budget, conducting the processes of
contracting of loans and financings, and related services;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">b)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to
co-ordinate the preparation and consolidation, with the participation of all
the Chief Officers, of the company&#146;s Multi-year Strategic Implementation Plan
and Annual Budget;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">c)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to arrange
for economic and financial valuation of the Company&#146;s capital expenditure
investment projects, except those that are the responsibility of the Chief New
Business Development Officer;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">d)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to
accompany the performance of the execution of the investment projects,
according to targets and results approved by the Management;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">e)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to carry
out the accounting of, and to control, the company&#146;s economic-financial
transactions;</i></b></p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><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 .75in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">f)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to
determine the cost of the service and to establish an insurance policy, as laid
out in the company&#146;s Multi-year Strategic Implementation Plan;</i></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='14',FILE='C:\JMS\srios\07-26434-2\task2505064\26434-2-bc.htm',USER='sriosa',CD='Nov  6 17:53 2007' -->


<br clear="all" style="page-break-before:always;">


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

<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="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">g)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to prepare the short-,
medium- and long-term financial programming in detail, as specified in the
company&#146;s Multi-year Strategic Implementation Plan and Annual Budget;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">h)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to control the company&#146;s
registered capital, decide policy for its shares and its corporate governance
policy, and to suggest dividend policy;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">i)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to coordinate the
preparation and negotiation of the tariffs for supply and distribution of
electricity with the National Electricity Agency, Aneel;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">j)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to be responsible for the
provision of information to the investing public, to the Securities Commission
(CVM) and to the Brazilian and international stock exchanges or
over-the-counter markets, and the corresponding regulation and inspection
entities, and to keep the company&#146;s registrations with these institutions
updated.</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">l)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to represent the Company
to the CVM, the stock exchanges and other entities of the capital markets;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">m)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to promote the financial
and corporate management of the company&#146;s holdings in the wholly-owned
subsidiaries, subsidiaries and affiliates, within the criteria of good
corporate governance and making continual efforts for compliance with their
business plans, subject to the provisions of these bylaws;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">n)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to propose to the
Executive Board, for approval or submission to the Board of Directors or the
General Meeting of Stockholders, depending on the competency defined in these
bylaws, injections of capital, exercise of the right of preference and the
making of voting agreements in the wholly-owned companies, subsidiaries and
affiliated companies and in the consortia in which the Company participates;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">o)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to take part in
negotiations that involve the constitution or alteration of corporate documents
of the holdings referred to in the previous sub-clause;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">p)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to coordinate the
processes of sale of stockholdings owned by the Company, by its wholly-owned
subsidiaries, subsidiaries and affiliated companies, upon prior legislative
authorization and approval by the Board of Directors.</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.5in;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">IV-</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">To the Chief Corporate
Management Officer:</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 14.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">a)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to ensure the provision of
appropriate personnel to the company;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">b)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to decide the company&#146;s
human resources policy and to orient and promote its application;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">c)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to orient and conduct
activities related to organizational studies and their documentation;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">d)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to decide, conduct and
supervise the company&#146;s telecommunications and information technology policy;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">e)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to project, put in place
and maintain the company&#146;s telecommunications and information technology
systems;</font></i></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<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="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">f)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to decide policies and
rules on support services such as transport, administrative communication,
security guards, and provision of adequate quality in the workplace for the
company&#146;s personnel;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">g)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to provide the company
with infrastructure and administrative support resources and services;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">h)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to coordinate the
policies, processes and means of property security, work safety and security
guarding approved by the company;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">i)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to carry out the
negotiations of the collective work agreements, in accordance with the
guidelines and limits approved by the Board of Directors, submitting the
proposals negotiated for approval by the Executive Board;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">j)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to manage the process of
contracting of works and services and of acquisition and disposal of materials
and real estate property;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">l)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to effect quality control
of the material acquired and of the qualification of contracted service
providers;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">m)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to administer and control
the stock of material, the separation and recovery of used material, and to
carry out sales of excess and unusable material, and scrap;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">n)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to arrange for and
implement programs to increase, develop, affect and continually improve
suppliers of materials and services of interest to the company, alone or in
cooperation with other Chief Officers&#146; Departments or development agencies and
industry associations, in the ambit of the State of Minas Gerais;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">o)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to conduct corporate
management programs and environmental actions within the scope of this
Department;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">p)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to authorize initiation of
administrative tender proceedings and proceedings for exemption or
non-requirement for tenders, and the corresponding contracts, in amounts up to
R$ 1,000,000.00 (one million Reais).</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">q)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to propose to the Chief
Executive Officer, for submission to the Executive board for approval, from
among the employees of the Company, appointments for the positions of sitting
and substitute members of the Integrated Pro-Health Administration Committee;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">r)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to propose to the Chief
Executive Officer, for submission to the Executive Board for approval, from
among the employees of the company, appointments of employees to the Union
Negotiation Committee, and also the appointment of its coordinator;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">s)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to present to the
Executive Board the assessments arising from a leadership succession development
program put in place by the Company to support the decisions of the executive
Board on the appointments of employees for management posts.</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">V-&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; To the Chief Distribution and Sales Officer:</font></i></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


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

<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="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">a)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to make continuous efforts
on behalf of the quality of supply of energy to consumers that are directly
linked to the company&#146;s distribution systems;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">b)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to prepare the planning of
the company&#146;s distribution system;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">c)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to manage the
implementation of the distribution facilities, including preparation and
execution of the project, construction and assembly;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">d)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to operate and maintain
the company&#146;s systems of distribution and the associated systems of supervision
and long-distance control;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">e)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to manage the company&#146;s
Work Safety Policy in the ambit of its activities;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">f)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to propose and implement
the policies for service to consumers served by this Department;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">g)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to develop programs and
actions with captive consumers with demand lower than 500 kW, with a view to
the most efficient use of electricity;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">h)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to establish commercial
relationships with and coordinate the sale of electricity and services to
captive consumers with demand lower than 500 kW;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">i)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to carry out environmental
programs and actions within the scope of this Chief Officer&#146;s Department;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">j)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to represent the company
in the Brazilian Electricity Distributors&#146; Association (Abradee) and with other
entities of the distribution sector;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">l)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to ensure the physical
security of the distribution facilities, establishing policies and guidelines
and managing the asset security of these facilities;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">m)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to seek continuous
improvement of the processes of operation and maintenance, through the use of
new technologies and methods that aim for improvement of quality and reduction
of the cost of those activities.</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 14.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">VI &#150;</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">To the Chief Trading
Officer:</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 14.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">a)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to carry out research,
studies, analysis and projections of interest to the Company;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">b)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to coordinate the planning
and execution of the purchase of electricity to serve the company&#146;s market;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">c)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to coordinate the purchase
and sale of electricity in its different forms and modalities, including
importation, exportation and holdings in all the segments of markets
specialized in energy;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">d)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to represent the Company
in the Electricity Trading Chamber (CCEE), taking responsibility for the
transactions carried out in the ambit of the chamber, and to represent the
Company in relations with the other entities trading electricity;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">e)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to coordinate the
establishment of the prices for purchase and sale of electricity, and to
propose them to the Executive Board for approval;</font></i></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


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

<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="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">f)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to establish commercial
relations with and coordinate the state of electricity and services to
consumers, individually, or groups of consumers, served at voltages greater
than or equal to 2.3kV and contracted demand greater than or equal to 500 kW,
and also business groups;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">g)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to identify, measure and
manage the risks association with the trading of electricity;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">h)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to negotiate and manage
the commercial transactions involved in transport and connection of any party
accessing the distribution system;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">i)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to negotiate and manage
the Contracts for Use of the Transmission System with the National System
Operator (ONS) and for connection of the Distribution System to the
transmission companies;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">j)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to manage the trading, in
coordination with the Chief New Business Development Officer, of the Company&#146;s
carbon credits.</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 14.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">VII &#150;</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">To the Chief New Business
Development Officer:</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 14.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">a)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to arrange prospecting,
analysis and development of new business of the company in the areas of
generation, transmission and distribution of electricity, transport and gas
distribution, and also in other activities directly or indirectly related with
the company&#146;s objects;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">b)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to arrange for technical,
economic-financial, and environmental feasibility studies of new business
projects for the company, in coordination with the Chief Officers&#146; Departments
related to the said businesses;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">c)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to coordinate the
negotiations and implement the partnerships, consortia, special-purpose
companies and other forms of association with public or private companies
necessary for the development of new business, and also the negotiation of
contracts and corporate documents of these projects;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">d)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to coordinate the
participation of the Company in tender proceedings for obtaining grant of
concessions in all the areas of its operations;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">e)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to coordinate, evaluate
and structure the opportunities for acquisition of new assets in the
electricity sector and the sector of transport and distribution of gas;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">f)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to arrange for prospecting
and analysis, within the company, of business opportunities related to the use
of carbon credits;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">g)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to consolidate the
planning of expansion of the generation, transmission and distribution systems;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">h)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to consolidate the Capital
Investment Program in the company&#146;s generation, transmission and distribution;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">i)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to represent the company
in relations with the entities for planning of expansion of the electricity
sector in its areas of operation;</font></i></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">18</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<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="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">j)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to carry out environmental
programs and actions within the area related to this Chief Officer&#146;s
Department;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">l)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to accompany, within the
Company, the energy planning of the State of Minas Gerais.</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 14.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">VIII &#150;</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">To the Director without
specific designation:</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 14.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">a)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">to carry out all the acts
specifically provided for in the legislation and these bylaws, and the
activities attributed to him or her by the Board of Directors.</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 49.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-45.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 1</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">The competencies of
representation before technical and administrative bodies and associations
granted to the Chief Officers under this Clause do not exclude the competency
of representation of the Chief Executive Officer, nor the need for obedience to
the provisions in these Bylaws in relation to prior obtaining of authorizations
from the management bodies to contract obligations in the name of the Company</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-45.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-45.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 2</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">As well as the exercise of
the attributions herein specified and demanded by law, each Chief Officer&#146;s
Department has the competency to ensure the cooperation, assistance and support
of the other Chief Officer&#146;s Departments in the areas of their respective
competencies, with the aim of success in the greater objectives and interests of
the Company.</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-45.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-45.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 3</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">The projects developed by
the Company in the area of the Chief New Business Development Officer&#146;s
Department, once structured and constituted, should be assumed by the
respective Chief Officer&#146;s Departments responsible for their construction,
execution, operation and sales, as defined in these Bylaws.</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-45.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-45.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 4</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">It is the competency of
each Chief Officer, within the area of his operation, to arrange for the
actions necessary for compliance with and effective implementation of the work
safety policies approved by the Company.&#148;;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-45.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">6)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">To change Clause 21, to
improve the drafting and to provide in the Bylaws for deductions from the
economic results of the business year, before any profit sharing, as follows:</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">&#147;Clause 21</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">Prior to the deduction of
any sharing in results, the following shall be deducted from the result for the
business year: retained losses, the provision for income tax, the Social
Contribution on Net Profit and, successively, the profit shares of the
employees and the managers.&#148;;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-45.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 1</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">Allocation of the net
profit ascertained in each business year shall be as follows:</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-45.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 95.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">a)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">5% (five percent) to the
legal reserve, up to the limit specified by law;</font></i></b></p>

<p style="color:black;margin:0in 0in .0001pt 95.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 95.0pt;text-autospace:none;text-indent:-14.0pt;"><b><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">b)</font></i></b><b><i><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-style:italic;font-weight:bold;">50% (fifty per cent), at
least, shall be distributed as obligatory dividend, to the Sole Stockholder &#151;
Cemig, subject to the other provisions of these Bylaws and the applicable
legislation;</font></i></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">19</font></p>

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

<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="font-size:10.0pt;margin:0in 0in .0001pt 95.05pt;text-autospace:none;text-indent:-13.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">c)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">the
balance, after retention of the amounts destined for the capital expenditure
planned in a capital budget and/or capital expenditure budget prepared in
accordance with the company&#146;s Long-Term Strategic Plan and approved by the
Board of Directors of the sole stockholder, Cemig, shall be distributed to the
sole stockholder, Cemig as dividends and/or Interest on Equity, subject to the
availability of free cash.&#148;;</i></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="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">7)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">To insert
new Clauses 25 and 26, to provide in the Bylaws for distribution of the profits
or economic results, with the following drafting:</i></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="font-size:10.0pt;margin:0in 0in .0001pt 81.35pt;text-autospace:none;text-indent:-63.35pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#147;Clause 25</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">The
employees have the right to a share in the profits or results of the Company,
upon the criteria defined by the Executive Board based on the guidelines
approved by the Board of Directors and limits established by the General
Meeting of Stockholders, in accordance with the specific legislation.</i></b></p>

<p style="margin:0in 0in .0001pt 81.35pt;text-autospace:none;text-indent:-63.35pt;"><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 81.35pt;text-autospace:none;text-indent:-63.35pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Clause 26</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">It is a
competency of the General Meeting of Stockholders to set, annually, the limits
of sharing by the managers in the profits of the Company, subject to the
provisions of the sole sub-paragraph of Clause 190 of Law 6404 of December 15,
1976&#148;</i></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="font-size:10.0pt;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-17.95pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">8)</font></i></b><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><i style="font-weight:bold;">To re-number the previous Clause 25
as Clause 27;</i></b></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-17.95pt;"><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 .25in;text-autospace:none;text-indent:-17.95pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">9)</font></i></b><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><b><i style="font-weight:bold;">To re-number the previous Clause 26
to Clause 28, and to change its drafting to introduce provision for the
possibility of contracting of third-party liability insurance for the managers
of the Company, to the following:</i></b></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-17.95pt;"><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 81.35pt;text-autospace:none;text-indent:-63.35pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#147;Clause 28</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">The
company shall provide to the members of the Board of Directors, the Audit Board
and the Executive Board, defense in Court and/or administrative proceedings in
which they are parties on the Plaintiff or Defendant side, during or after
their periods of office, for actions or events related to the exercise of their
specific functions and which do not violate legal provisions or the provisions
of the Bylaws.</i></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="font-size:10.0pt;margin:0in 0in .0001pt 81.35pt;text-autospace:none;text-indent:-45.35pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 1</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">The
guarantee given in the head paragraph of this Clause extends to employees who
legally carry out actions by delegation from the company&#146;s management officers.</i></b></p>

<p style="margin:0in 0in .0001pt 81.35pt;text-autospace:none;text-indent:-45.35pt;"><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 81.35pt;text-autospace:none;text-indent:-45.35pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 2</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">The
Company shall contract third-party liability insurance to cover expenses of
proceedings, fees of counsel and indemnities arising from the legal and
administrative proceedings referred to in the head paragraph of this Clause,
upon decision by the Board of Directors.</i></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;text-indent:56.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">As can be seen, the objective of this proposal is to serve the
legitimate interests of the company, and for this reason the Board hopes that
it will be approved by yourselves, the stockholders.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><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;">Belo Horizonte, July 26, 2007</font></i></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 56.9pt;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Signed by:</font></i></b></p>

<p style="margin:0in 0in .0001pt 56.9pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 56.9pt;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">M&#225;rcio Ara&#250;jo de Lacerda, Chairman of the Board of Directors;</font></i></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">20</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></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 style="margin:0in 0in .0001pt 56.9pt;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Djalma Bastos de Morais, Vice-Chairman;</font></i></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;text-indent:56.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">A&#233;cio Ferreira da Cunha, Alexandre Heringer Lisboa, Andr&#233;a Paula
Fernandes Pansa, Ant&#244;nio Adriano Silva, Carlos Augusto Leite Brand&#227;o, Evandro
Veiga Negr&#227;o de Lima, Francelino Pereira dos Santos, Haroldo Guimar&#227;es Brasil,
Jos&#233; Augusto Pimentel Pessoa, Maria Estela Kubitschek Lopes, Wilson N&#233;lio
Brumer, and Wilton de Medeiros Daher, Members of the Board of Directors.&#148;</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">Asking for the floor, the Chairman stated that the Extraordinary
General Meeting of Stockholders of Companhia Energ&#233;tica de Minas Gerais &#150; Cemig
scheduled for today, August 23, 2007, at 10 a.m., to decide on changes to the
Bylaws, was not held, for lack of quorum, since stockholders representing more
than two-thirds of the voting shares were not present. He also stated that a
new Extraordinary General Meeting of Stockholders of that Company will be
called, on second convocation, with the same agenda, at an opportune time.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">This being so, and considering that the changes in the Bylaws proposed
by the Board of Directors of Cemig D to this meeting reflect the Bylaws of
Cemig, the Chairman proposed adjournment of the meeting, to be resumed at 1
p.m. on September 12 of this year, so as to make the Bylaws of this Company
compatible with the changes in the Bylaws approved at an opportune moment by
the stockholder Cemig.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">This proposal by the Chairman for adjournment of the business of this
meeting was put to discussion and to the vote, and approved.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">The meeting was resumed at on September 12, 2007 at 1 p.m. at the
Company&#146;s head office, with the presence of the representative of the
stockholder Companhia Energ&#233;tica de Minas Gerais, the Chief Executive Officer
of Cemig D, Djalma Bastos de Morais, and Ms. Anamaria Pugedo Frade Barros. The
Chairman explained that that Company had not published a new convocation of
stockholders to deal with the changes to the Bylaws contained in the agenda of
the Extraordinary General Meeting of August 23, 2007.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">This being so, he proposed a further adjournment of the meeting, until
September 12 of this year, at 1 p.m. The Chairman&#146;s proposal for a further
adjournment of the business of this Meeting was put to discussion and
subsequently to the vote and approved.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">The meeting was resumed on September 12, 2007 at 1 p.m. at the Company&#146;s
head office with the presence of the representative of the stockholder
Companhia Energ&#233;tica de Minas Gerais, the Chief Executive Officer of Cemig D,
Djalma Bastos de Morais, and Ms. Anamaria Pugedo Frade Barros. The Chairman
explained that Cemig had not published a new convocation for an Extraordinary
General Meeting of Stockholders to deal with the changes in the Bylaws
contained in the agenda for the Extraordinary General Meeting of August 23,
2007.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">This being so, he proposed a further adjournment of the business until
October 17 of this year, at 1 p.m. This proposal by the Chairman for a further
suspension of the business of this meeting was put to discussion and
subsequently to the vote, and approved.</font></i></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;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">21</font></p>

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

<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-autospace:none;text-indent:56.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">The meeting being resumed on October 17, 2007 at 1 p.m. at the Company&#146;s
head office, with the presence of the representative of the stockholder
Companhia Energ&#233;tica de Minas Gerais, the CEO of Cemig D, Djalma Bastos de
Morais, and Ms Anamaria Pugedo Frade Barros, the Chairman explained that the
Stockholders of Cemig present at the Extraordinary General Meeting of
Stockholders of that Company held on that same day at 10.30 a.m., changed the
Bylaws of that Company.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">This being so, the Chairman said that a change in the proposal of the
Board of Directors of Cemig D in relation to the changes in the Bylaws was
necessary, to improve the drafting of the proposal under discussion:</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><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 43.9pt;text-autospace:none;text-indent:-11.5pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">a)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to change
the drafting of sub-clause &#145;G&#146; of paragraph 4 of Clause 16, to exclude the need
for approval by the Executive Board of the statements of votes in the meetings
of the Boards of Directors;</i></b></p>

<p style="margin:0in 0in .0001pt 43.9pt;text-autospace:none;text-indent:-11.5pt;"><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 43.9pt;text-autospace:none;text-indent:-11.5pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">b)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to change
the drafting of the first paragraph of Clause 14, to adapt it in technical
legal terms;</i></b></p>

<p style="margin:0in 0in .0001pt 43.9pt;text-autospace:none;text-indent:-11.5pt;"><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 43.9pt;text-autospace:none;text-indent:-11.5pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">c)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to change
the drafting of sub-clause &#147;o&#148; of Clause 12, to establish that, annually, the
directives and limits, including financial limits for expenditure on personnel
shall be set; and</i></b></p>

<p style="margin:0in 0in .0001pt 43.9pt;text-autospace:none;text-indent:-11.5pt;"><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 43.9pt;text-autospace:none;text-indent:-11.5pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">d)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to insert
sub-clause &#147;q&#148; in Clause 12, to include approval of declarations of vote in the
General Meetings of Stockholders and orientations for voting in the meetings of
Boards of Directors of the wholly-owned subsidiaries, jointly controlled
companies, affiliated companies and consortia in which the Company
participates, when participation in the capital of other companies or consortia
is involved;</i></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><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#150; so that the drafting is as follows:</font></i></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 .25in;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#147;Clause 12- ...</font></i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">o)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">annually,
to fix the directives and establish the limits, including financial limits, for
spending on personnel, including concession of benefits and collective work
agreements, subject to the competence of the General Meeting of Stockholders
and the annual Budget approved;</i></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><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 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">q)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to approve
the declarations of vote in the General Meetings of Stockholders and the
orientations for voting in the meetings of the Boards of Directors of the wholly-owned
subsidiaries, jointly-controlled companies, affiliated companies and the
consortia in which the Company participates, when participation in the capital
of other companies or consortia is involved, and the decisions must, in any
event and not only in matters relating to participation in the capital of other
companies or consortia, obey the provisions of these Bylaws, the Long-term
Strategic Plan and the Multi-year Strategic Implementation Plan.&#148;;</i></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 .25in;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#147;Clause 14- ...</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 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;">22</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<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="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 1</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">In the
event of absence, leave, resignation or vacancy of any of the other members of
the Executive Board, a meeting of the Executive Board may by a majority vote
attribute the exercise of the respective functions to another Executive
Officer, for whatever period the absence or leave &#150; or, in the event of
vacancy, the impediment or resignation &#150; may last, until the post is filled by
the Board of Directors.&#148;</i></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 .25in;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#147;Clause 16- ...</font></i></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 .5in;text-autospace:none;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">&#167; 4 ...</font></i></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="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">g)</font></i></b><b><i><font size="1" style="font-size:3.0pt;font-style:italic;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></i></b><b><i style="font-weight:bold;">to
approve, upon proposal by the Chief Executive Officer, jointly with the Chief
Officer for Finance, Investor Relations and Control of Holdings, the
declarations of vote in the general meetings of stockholders of the
wholly-owned subsidiaries, jointly-controlled companies, affiliates and the
consortia in which the Company participates, and the decisions must obey the
provisions of these Bylaws, the decisions of the Board of Directors, the
long-term Strategic Plan and the Multi-Year Strategic Implementation Plan;&#148;.</i></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;text-indent:56.7pt;"><b><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;font-weight:bold;">The Chairman then put the proposal of the Board of Directors to this
meeting, with the changes mentioned above, to debate and, subsequently, to the
vote, and it was approved. The meeting being opened to the floor, no one wished
to speak, and the Chairman ordered the meeting to be adjourned for the time
necessary for preparation of these minutes. The meeting being resumed, the
Chairman put the said minutes to debate and to the vote, they were approved and
signed, and he declared the meeting closed. For the record, I Anamaria Pugedo
Frade Barros, Secretary, prepared these minutes and signed jointly with those
present.</font></i></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><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="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.42%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Signed
  by:</font></i></p>
  </td>
  <td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.22%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Anamaria
  Pugedo Frade Barros</font></i></p>
  </td>
  <td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.42%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="bottom" style="padding:0in 0in 0in 0in;width:45.22%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.42%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.22%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Djalma
  Bastos de Morais</font></i></p>
  </td>
  <td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.42%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="bottom" style="padding:0in 0in 0in 0in;width:45.22%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
 </tr>
 <tr>
  <td width="11%" valign="top" style="padding:0in 0in 0in 0in;width:11.42%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="45%" valign="top" style="padding:0in 0in 0in 0in;width:45.22%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Manoel
  Bernardino Soares, for Cemig</font></i></p>
  </td>
  <td width="43%" valign="top" style="padding:0in 0in 0in 0in;width:43.36%;">
  <p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
 </tr>
</table>

<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;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">This is an
accurate copy of the original.</font></i></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;">23</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<div>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="3" color="black" face="Times New Roman"><img width="141" height="62" src="g264342bei001.jpg"></font></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">CEMIG GERA&#199;&#195;O E TRANSMISS&#195;O S.A.</font></b></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">CNPJ 06.981.176/0001-58 &#150; NIRE 31300020550</font></b></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">MINUTES
OF THE GENERAL STOCKHOLDER MEETING</font></p>

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">BEGUN
ON AUGUST 23, 2007,</font></p>

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">RESUMED
ON SEPTEMBER 12, 2007 AND ON OCTOBER 17, 2007</font></p>

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">AND
COMPLETED ON OCTOBER 17, 2007</font></p>

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

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">At 5 p.m. on August 23, 2007
the stockholder Companhia Energ&#233;tica de Minas Gerais, holder of 100% of the
shares, represented by Counsel Manoel Bernardino Soares, as recorded in the
Stockholders&#146; Attendance Book, attended the Company&#146;s head office at Av.
Barbacena 1200, 12th floor, B1 wing, Belo Horizonte, Minas Gerais, for an
Extraordinary General Stockholder Meeting on first convocation.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">Initially, and
in accordance with Clause 6 of the Bylaws, the representative of the
stockholder Companhia Energ&#233;tica de Minas Gerais proposed the name of the
Company&#146;s CEO, Djalma Bastos de Morais, to chair the meeting. Put to the vote
the proposal of the stockholder Companhia Energ&#233;tica de Minas Gerais was
approved.</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The Chairman
then declared the meeting open and invited me, Anamaria Pugedo Frade Barros,
Superintendent of the General Secretariat of Cemig, to be Secretary of the
meeting, requesting me to read the Convocation Announcement, published in the
newspapers <i>Minas Gerais</i>, official
journal of the powers of the state, on August 3, 4 and 7, 2007, <i>O Tempo</i>, on August 3, 4 and 5, and <i>Gazeta Mercantil </i>on August 3, 6 and 7, the
content of which is as follows:</font></b></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#147;CEMIG
GERA&#199;&#195;O E TRANSMISS&#195;O S.A.</font></p>

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">CNPJ
06.981.176/0001-58 &#150; NIRE 31300020550 &#150; LISTED COMPANY</font></p>

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

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

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

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

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

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The
stockholder Companhia Energ&#233;tica de Minas Gerais is hereby called to the
Extraordinary General Meeting to be held on August 23, 2007 at 5 p.m. at Av.
Barbacena 1200, 12<sup>th </sup>floor, B1 wing, in the city of Belo Horizonte,
de Minas Gerais, to decide on the following changes to the Bylaws:</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">1-</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Change in Clause 6 to improve
the drafting.</font></p>

<p style="color:black;margin:0in 0in .0001pt 45.0pt;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">2-</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Change in Clause 12 to define
the attributions of the Board of Directors and to provide for the possibility
of the Board of Directors delegating to the</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">24</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Executive Board the competency to authorize
and sign contracts for the sale of electricity and the provision of
transmission services.</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">3-</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Change in the name of the Chief Finance, Holdings and
Investor Relations Officer&#146;s Department.</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">4-</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Consequent change in the Head Paragraph of Clause 13.</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">5-</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Change in the Head Paragraph of Clause 14 and its first
sub-paragraph to improve the drafting.</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">6-</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Change in Sub-paragraphs 1, 2, 3, and 4 of Clause 16 to
improve the drafting, to adjust the name of the Chief Finance, Holdings and
Investor Relations Officer&#146;s Department, and to define the attributions of the
Executive Board.</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">7-</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Change in Clause 17 to define the attributions of the members
of the Executive Board.</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">8-</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Change in Clause 21 for tax optimization and to improve the
drafting.</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">9-</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Insertion of new Clauses numbered 25, to ensure sharing by
the employees in the company&#146;s profits or economic results, and 26, to
establish that the General Meeting of Stockholders shall, annually, set limits
to the sharing of the Managers in the profits of the company.</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">10-</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Consequent re-numbering of the present Clauses 25 &#150; to be 27;
and 26 &#150; to be 28; and their alteration to improve their drafting and to
contain provision for the possibility of contracting of third party liability
insurance for the Managers.</font></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">Belo
Horizonte, July 26, 2007.</font></b></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">M&#225;rcio Ara&#250;jo
de Lacerda, Chairman of the Board of Directors&#148;.</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The Chairman then requested the Secretary to
read the Proposal by the Board of Directors, dealing with the agenda, the
content is of which as follows:</font></b></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#147;PROPOSAL BY THE BOARD OF
DIRECTORS TO THE<br>
EXTRAORDINARY STOCKHOLDER MEETING</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 14.0pt;text-autospace:none;text-indent:-14.0pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">To the stockholder Companhia Energ&#233;tica de Minas Gerais:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 14.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 14.0pt;text-autospace:none;text-indent:-14.0pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">Whereas:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 14.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">there is a need for restructuring of the distribution of
competencies between the various management bodies of the company;</font></p>

<p style="color:black;margin:0in 0in .0001pt 21.0pt;text-autospace:none;text-indent:-21.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">it is convenient that there should be provision in the Bylaws
relating to the distribution of profits or economic results to the employees,
and also of profits to</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">25</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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<div>

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

<p style="color:black;margin:0in 0in .0001pt 20.9pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">the managers, in accordance with the limits
to be fixed by the General Meeting of Stockholders to comply with Article 190
of Law 6404 of December 15, 1976, and the rulings of the Brazilian Securities
Commission (CVM);</font></p>

<p style="color:black;margin:0in 0in .0001pt 20.9pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">it is necessary to have provision in the Bylaws for
distribution of profits or economic results, also, as a means of tax planning,
to enable shares of results that are distributed to be deducted directly from
the profit, avoiding infringement notices by the Brazilian Federal Tax
Authority, such as have recently been served on the Company precisely because
of the absence of this provision;</font></p>

<p style="color:black;margin:0in 0in .0001pt 21.0pt;text-autospace:none;text-indent:-21.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">there is a need to introduce a provision for possibility of
contracting third party liability insurance for the managers of the company,
upon a proposal by its Board of Directors;</font></p>

<p style="color:black;margin:0in 0in .0001pt 21.0pt;text-autospace:none;text-indent:-21.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">e)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">there is a need for revision of several provisions of the
Bylaws to make them more appropriate in formal and/or legal terms;</font></p>

<p style="color:black;margin:0in 0in .0001pt 21.0pt;text-autospace:none;text-indent:-21.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#150; the Board of Directors proposes to the
Extraordinary Stockholder Meeting:</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">1)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">To change Clause 6 to improve the drafting, as follows:</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-1.0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#147;Clause 6</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Companhia Energ&#233;tica de Minas Gerais &#150;
Cemig, as sole stockholder of the company, has full powers to make all the
business decisions in relation to the company&#146;s objects and to adopt what
resolutions it deems necessary for the defense of its interests and its
development, and shall meet, ordinarily, within the first 4 (four) months of
the year, for the purposes specified in law and, extraordinarily, whenever
necessary, subject to the provisions of this clause and the relevant legal
rules being obeyed in its convocation, opening and decisions.</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">2)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">To change the drafting of Clause 12, to define the
competencies of the Board of Directors, to the following:</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#147;Clause 12 It shall be the responsibility of the Board of
Directors, as well as other matters ascribed to it by law,</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">a)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to fix the general
orientation of the company&#146;s business;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">b)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to elect or dismiss the
Executive Officers of the company, subject to these bylaws;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">c)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to decide, prior
to the company entering into them, on contracts between the company and any of
its stockholders, or companies which are sole or joint controlling stockholders
of any of its stockholders;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">26</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">d)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to decide, upon proposal
by the Executive Board, on disposal of or placement of a charge on any of the
company&#146;s property, plant or equipment, and on the giving by the company of any
guarantee to any third parties of which the individual value is greater than or
equal to R$ 5,000,000.00 (five million Reais);</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">e)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to decide, upon proposal
put forward by the Executive Board, on the company&#146;s capital investment
projects, signing of contracts and legal transactions in general, contracting
of loans, financings, or the constitution of any obligations in the name of the
company, the value of which, individually or in aggregate, is R$ 5,000,000.00
(five million Reais) or more, including injections of capital into wholly-owned
subsidiaries, jointly-controlled companies and affiliated companies and the
consortia in which it participates;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">f)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to call the General
Meeting of Stockholders;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">g)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to monitor and inspect the
management by the Executive Board, for which the Board of Directors may at any
time examine the books and papers of the company, and request information on
contracts agreed or in the process of being agreed, and on any other
administrative facts or actions which it deems to be of interest;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">h)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to state a prior opinion
on the report of management and the accounts of the company&#146;s Executive Board;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">i)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to choose, annually, and
to dismiss, the company&#146;s auditors, from among companies with international
reputation authorized by the Securities Commission (CVM) to audit listed
companies;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">j)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to authorize, upon a
proposal by the Executive Board, the start of administrative proceedings for
competitive bids, and proceedings for dispensation from and non-requirement of
bids, and the corresponding contracts, in amounts greater than or equal to R$
5,000,000.00 (five million Rea</font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">is);</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">27</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">l)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to authorize, upon
proposal by the Executive Board, the filing of legal actions, administrative
proceedings and entering into Court or out-of-court agreements in the amount of
R$ 5,000,000.00 (five million Reais) or more;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">m)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to authorize the issue of
securities, in the domestic or external markets, for the raising of funds, in
the form of debentures, promissory notes, medium-term notes and other
instruments.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">n)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to approve the company&#146;s
Long-Term Strategic Plan and revisions of it, the Multi-year Strategic
Implementation Plan and revisions of it, and the Annual Budget.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">o)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to set the directives and
establish limits, including financial limits, for spending on personnel,
including concession of benefits and collective labor agreements, subject to
the competence of the General Meeting of Stockholders and the Annual Budget
approved;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">p)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to authorize the exercise of the right of preference under
stockholders&#146; agreements or vote in wholly-owned subsidiaries,
jointly-controlled companies, affiliates and the consortia in which the Company
participates.</font></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">The company&#146;s Long-Term Strategic Plan should contain the
long-term strategic planning, grounds, targets, objectives and results to be
pursued and achieved by the company and its dividend policy, on which the
plans, projections, activities, strategies, capital expenditure and expenses
will be based that are to be incorporated in the multi-year Strategic
Implementation Plan and the Annual Budget prepared and approved in accordance
with these Bylaws.</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-31.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167; 2</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The Board of Directors, by specific
resolutions, may delegate the power to authorize agreement of contracts for
sales of electricity or for provision of transmission services to the Executive
Board, in accordance with the legislation;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-31.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">3)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">To change the name of the Chief Finance, Holdings and
Investor Relations Officer to the Chief Officer for Finance, Investor Relations
and Control of Holdings, consequently changing the drafting of the head
paragraph of Clause 13, to the following:</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-1.0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#147;Clause 13</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">The Executive Board shall be made up of 8
(eight) Executive Officers, who may be stockholders, resident in Brazil,
namely: the Chief Executive Officer, the Executive Vice-Chairman, the Chief
Officer for</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">28</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Finance, Investor
Relations and Control of Holdings, the Chief Corporate Management Officer, the
Chief Generation and Transmission Officer, the Chief Trading Officer, the Chief
New Business Officer and a Director without specific designation, all elected
and able to be dismissed at any time by General Meeting of the Sole Stockholder
&#150; Cemig, with period of office of 3 (three) years, re-election being permitted.
The period of office of the Chief Officers shall extend up to the new Chief
Officers elected being sworn in.&#148;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">4)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">To change the drafting of the
head paragraph and &#167; 1 of Clause 14, to improve the drafting, to the following:</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-1.0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#147;Clause
14</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">In
the event of absence, leave, resignation or vacancy of the post of the Chief
Executive Officer, this post shall be exercised by the Executive Vice-Chairman,
for whatever period the absence or leave &#150; or, in the event of vacancy, the
impediment or resignation &#150; may last, until the post is filled by the Board of Directors.</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167; 1</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">In the event
of absence, leave, resignation or vacancy of any of the other members of the
Executive Board, a meeting of the Executive Board may by a majority vote
attribute the exercise of the respective functions to another Executive Officer,
for whatever period the absence or leave &#150; or, in the event of vacancy, the
impediment or resignation &#150; may last, until the post is filled by the Board of
Directors.&#148;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-31.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">5)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">To change the drafting of &#167;&#167; 1,
2, 3 and 4 of Clause 16, to improve the drafting and establish the attributions
of the Executive Board, to the following:</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#147;Clause 16&#133;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167; 1</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The company&#146;s
Multi-year Strategic Implementation Plan shall contain the plans and
projections for a period of 5 (five) financial years, and must be updated at
least once a year, and shall deal with the following subjects, among others:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-31.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">a)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">the
Company&#146;s strategies and actions, including any project related to its objects;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">b)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">the new
investments and business opportunities, including those of the company&#146;s
wholly-owned subsidiaries, jointly-controlled companies, and affiliates, and
the consortia in which it participates;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">29</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">c)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">the amounts to be invested
or in any other way contributed from the company&#146;s own funds or funds of third
parties;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">d)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">the rates of return and
profits to be obtained or generated by the company. &#167;2 The company&#146;s Annual
Budget shall reflect the company&#146;s Multi-year Strategic Implementation Plan and
must give details of operational revenue and expenses, costs and capital
expenditure, cash flow, the amount to be allocated to the payment of dividends,
investments from the company&#146;s own funds or funds of third parties, and any
other data that the Executive Board considers to be necessary.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167; 3</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The company&#146;s Multi-year Strategic Plan and
the Annual Budget shall be prepared and updated annually, by the end of each
business year, to be in effect in the following business year. Both shall be
prepared, based on the company&#146;s Long-Term Strategic Plan, in coordination with
the Chief Officer for Finance, Investor Relations and Control of Holdings, and
submitted to examination by the Executive Board, and, subsequently, for
approval by the Board of Directors.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-31.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167;4</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The following decisions
shall require a vote by the Executive Board:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-31.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">a)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">approval of the plan of
organization of the company and issuance of the corresponding rules and any
changes to them;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">b)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">approval of the company&#146;s
Multi-year Strategic Implementation Plan, and revisions of it, including
timetables, amount and allocation of the capital expenditure specified in it
and its submission to the Board of Directors;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">c)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">examination and submission
to the Board of Directors, for approval, of the Annual Budget, which must
reflect the Multi-Year Strategic Implementation Plan then in force, and any
revisions thereof;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">30</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">d)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">decision on re-managing of
investments or expenses specified in the Annual Budget which individually or in
aggregate represent, in a single financial year, amount to less than R$
5,000,000.00 (five million Reais) with consequent re-adaptation of the targets
approved, obeying the multi-year Strategic Implementation Plan and the Annual
Budget approved;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">e)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">approval of disposal of or
placement of a charge upon any of the company&#146;s property, plant or equipment,
and the giving of guarantees to third parties, in amounts less than R$
5,000,000.00 (five million Reais);</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">f)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">authorization of the
Company&#146;s capital expenditure projects, the signing of agreements and legal
transactions in general, the contracting of loans, financing and the
constitution of an obligation in the name of the Company, based on the annual
budget approved, which individually or in aggregate have values less than R$
5,000,000.00 (five million Reais), including injection of capital into
wholly-owned subsidiaries, jointly-controlled companies, affiliated companies,
and the consortia in which it participates, subject to the provisions of
sub-clause &#147;P&#148; sub-item IV of Clause 17;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">g)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">approval, upon proposal by
the CEO, jointly with the Chief Officer for Finance, Investor Relations and
Control of Holdings, of statements of vote in the General Meetings of
Stockholders and in the meetings of the Boards of Directors of the wholly-owned
subsidiaries, jointly-controlled companies, affiliated companies and the
consortia in which the company participates, and the decisions must obey the
provisions of the Bylaws, the decisions of the Board of the Directors, the
Long-term Strategic Plan and the Multi-year Strategic Implementation Plan;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">h)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">authorization to initiate
administrative tender proceedings and proceedings for exemption from and
non-requirement for tenders, and the corresponding contracts, in amounts
greater than or equal to R$ 1,000,000.00 (one million Reais) and less than R$
5,000,000.00 (five million Reais);</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">31</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">i)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">authorization to file
legal actions and administrative proceedings, and to enter into Court and
out-of-court settlements, for amounts less than R$ 5,000,000.00 (five million
Reais);</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">j)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">authorization of
provisions in the company&#146;s accounts, of any value, on proposal from the Chief
Officer for Finance, Investor Relations and Control of Holdings; .</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">l)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">approval of the
nominations of employees to hold management posts in the Company, upon proposal
by the Chief Officer concerned, subject to the provisions of sub-clause &#147;h&#148; of
sub-item I of Clause 17;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">m)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">authorization of expenditure on personnel expenses and
collective work agreements, subject to the competency of the General Meeting of
Stockholders, the directives and the limits approved by the Board of Directors
and the Annual Budget approved.</font></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">6)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">To change the drafting of Clause 17, to establish the
attributions of the Directors, to the following:</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-1.0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">Clause 17</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">Subject to the provisions
of the previous clauses, the following are the functions and powers attributed
to the Executive Board:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 21.0pt;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">I &#150; To the
Chief Executive Officer:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 21.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">a)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to oversee and direct the
work of the company;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">b)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to supervise the preparation
and implementation of the Multi-year Strategic Implementation Plan and to
develop the strategies and actions approved;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">c)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to represent the company
in the Courts, actively and passively;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">d)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to sign, jointly with one
of the Executive Officers, documents which bind the company;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">e)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to present the annual
report of the company&#146;s business to the Executive Board and to the Ordinary
General Meeting of Stockholders;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">32</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></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">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">f)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to hire and dismiss the
company&#146;s personnel;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">g)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to manage and direct the
activities of Internal Audits and Institutional Relationships, legal,
communication and representation activities, the General Secretariat and the
function of the company&#146;s Ombudsman.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">h)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to propose to the
Executive Board for approval, jointly with the Chief Office to whom the
employee is linked, the nominations for posts of Superintendent of the Company;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">i)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to propose the appointments for posts in management and on
the Audit Boards of the Company&#146;s wholly-owned subsidiaries, jointly-controlled
companies and affiliated companies, and Forluz (Funda&#231;&#227;o Forluminas de
Seguridade Social), after hearing the position of the Chief Officer for
Finance, Investor Relations and Control of Holdings.</font></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">II &#150;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To the Executive Vice-Chairman:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 21.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">a)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to substitute the Chief
Executive Officer if he is absent, on leave, impeded from exercising his
functions, or has resigned or his post is vacant;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">b)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to propose improvement of
the Company&#146;s social responsibility and sustainability policy;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">c)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to set the policies and
guidelines for the environment, and for technological development, alternative
energy sources and technical standardization;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">d)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to co-ordinate the company&#146;s
strategy for operations in relation to the environment, technological processes
and strategic management of technology;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">e)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to coordinate and put in
place the maintenance of the Company&#146;s quality control systems;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">f)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to promote the
implementation of programs for the company&#146;s technological development;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to monitor performance of plans for compliance with the
guidelines for the environment, technology and the improvement of quality.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">33</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></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">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">III-</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">To the Chief Officer for
Finance, Investor Relations and Control of Holdings:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">a)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to make available the
financial resources necessary for the operation and expansion of the company,
in accordance with the Annual Budget, conducting the processes of contracting
of loans and financings, and related services;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">b)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to co-ordinate the
preparation and consolidation, with the participation of all the Chief
Officers, of the company&#146;s Multi-year Strategic Implementation Plan and Annual
Budget;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">c)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to arrange for economic
and financial valuation of the Company&#146;s capital expenditure investment
projects, except those that are the responsibility of the Chief New Business
Development Officer;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">d)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to accompany the
performance of the execution of the investment projects, according to targets
and results approved by the Management;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">e)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to carry out the accounting
of, and to control, the company&#146;s economic-financial transactions;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">f)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to determine the cost of
the service and to establish an insurance policy, as laid out in the company&#146;s
Multi-year Strategic Implementation Plan;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">g)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to prepare the short-,
medium- and long-term financial programming in detail, as specified in the
company&#146;s Multi-year Strategic Implementation Plan and Annual Budget;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">h)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to control the company&#146;s registered capital, decide policy
for its shares and its corporate governance policy, and to suggest dividend
policy;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">i)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to coordinate the
preparation and negotiation of transmission revenues with the National
Electricity Agency, Aneel;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">34</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">j)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to be responsible for the
provision of information to the investing public, to the Securities Commission
(CVM) and to the Brazilian and international stock exchanges or
over-the-counter markets, and the corresponding regulation and inspection
entities, and to keep the company&#146;s registrations with these institutions
updated.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">l)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to represent the Company
to the CVM, the stock exchanges and other entities of the capital markets;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">m)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to promote the financial
and corporate management of the company&#146;s holdings in the wholly-owned
subsidiaries, subsidiaries and affiliates, within the criteria of good
corporate governance and making continual efforts for compliance with their
business plans, subject to the provisions of these bylaws;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">n)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to propose to the
Executive Board, for approval or submission to the Board of Directors or the
General Meeting of Stockholders, depending on the competency defined in these
bylaws, injections of capital, exercise of the right of preference and the
making of voting agreements in the wholly-owned companies, subsidiaries and
affiliated companies and in the consortia in which the Company participates;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">o)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to take part in
negotiations that involve the constitution or alteration of corporate documents
of the holdings referred to in the previous sub-clause;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">p)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to coordinate the processes of sale of stockholdings owned by
the Company, by its wholly-owned subsidiaries, subsidiaries and affiliated
companies, upon prior legislative authorization and approval by the Board of
Directors.</font></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">IV-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the Chief Corporate Management Officer:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 21.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">a)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to ensure the provision of
appropriate personnel to the company;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">b)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to decide the company&#146;s
human resources policy and to orient and promote its application;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">35</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">c)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to orient and conduct
activities related to organizational studies and their documentation;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">d)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to decide, conduct and
supervise the company&#146;s telecommunications and information technology policy;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">e)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to project, put in place
and maintain the company&#146;s telecommunications and information technology systems;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">f)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to decide policies and
rules on support services such as transport, administrative communication,
security guards, and provision of adequate quality in the workplace for the
company&#146;s personnel;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">g)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to provide the company
with infrastructure and administrative support resources and services;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">h)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to coordinate the
policies, processes and means of property security, work safety and security
guarding approved by the company;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">i)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to carry out the
negotiations of the collective work agreements, in accordance with the
guidelines and limits approved by the Board of Directors, submitting the
proposals negotiated for approval by the Executive Board;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">j)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to manage the process of
contracting of works and services and of acquisition and disposal of materials
and real estate property;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">l)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to effect quality control
of the material acquired and of the qualification of contracted service
providers;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">m)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to administer and control
the stock of material, the separation and recovery of used material, and to
carry out sales of excess and unusable material, and scrap;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">n)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to arrange for and
implement programs to increase, develop, affect and continually improve
suppliers of materials and services of interest to the company, alone</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">36</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">or in cooperation with
other Chief Officers&#146; Departments or development agencies and industry
associations, in the ambit of the State of Minas Gerais;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">o)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to conduct corporate
management programs and environmental actions within the scope of this Department;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">p)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to authorize initiation of
administrative tender proceedings and proceedings for exemption or
non-requirement for tenders, and the corresponding contracts, in amounts up to
R$ 1,000,000.00 (one million Reais).</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">q)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to propose to the Chief
Executive Officer, for submission to the Executive board for approval, from
among the employees of the Company, appointments for the positions of sitting
and substitute members of the Integrated Pro-Health Administration Committee;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">r)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to propose to the Chief
Executive Officer, for submission to the Executive Board for approval, from
among the employees of the company, appointments of employees to the Union
Negotiation Committee, and also the appointment of its coordinator;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">s)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to present to the Executive Board the assessments arising
from a leadership succession development program put in place by the Company to
support the decisions of the executive Board on the appointments of employees
for management posts.</font></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">V &#150;<b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</b>To
the Chief Generation and Transmission Officer:</font></p>

<p style="color:black;margin:0in 0in .0001pt 21.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to make continuous efforts on behalf of the quality of supply
of electricity to consumers that are directly linked to the transmission
system;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to prepare the planning of generation and transmission;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to operate and maintain the systems of generation and
transmission and the associated systems of supervision and long-distance
control;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to carry out environmental programs and actions within the
scope of this Chief Officer&#146;s Department;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">e)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to develop and conduct hydro-meteorological activities of
interest to the company;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">37</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">f)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to manage the operations arising from interconnection of the
Company&#146;s electricity transmission system with those of other companies, and
the connections of agents to the Company&#146;s basic network;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to represent the Company in relations with the National
System Operator (ONS), the Brazilian Electricity Generators&#146; Association
(Abrage) and other entities representing the electricity, generation and
transmission sector;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">h)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to manage the company&#146;s central laboratories and workshops;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">i)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to coordinate and put in place projects for refurbishment,
modernization, improvement, reactivation and de-activation of the generation
and transmission facilities;</font></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">j)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to propose and implement measures that aim to ensure
connectivity of the various agents of the electricity system, linked to the
Company&#146;s transmission system;</font></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">l)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to ensure the physical security of the generation and
transmission facilities, establishing policies and guidelines and managing the
asset security of these facilities;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">m)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to manage the company&#146;s Work Safety Policy within the scope
of its activities;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">n)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to manage the putting in place of projects for expansion of
generation, transmission and co-generation, arranging for planning,
construction and assembly, and ensuring the proper physical and financial
performance of these undertakings;</font></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">o)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to supply technical support to the negotiations to make the
projects for expansion of generation, transmission and co-generation possible,
and to take part in the negotiation of documents of the consortia of the
entrepreneurs and special-purpose companies.</font></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 21.0pt;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">VI &#150;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the Chief Trading Officer:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 21.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">a)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to carry out research,
studies, analysis and projections of interest to the Company;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to coordinate the planning and execution of the purchase of
electricity to serve the company&#146;s market and the sale of energy coming from
the Company&#146;s own sources of generation;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to coordinate the purchase and sale of electricity in its
different forms and modalities, including importation, exportation and holdings
in all the segments of markets specialized in energy;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">38</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to coordinate the provision of
business intermediation services related to the sale of energy to any
authorized agent;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">e)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to represent the Company in the
Electricity Trading Chamber (CCEE), taking responsibility for the transactions
carried out in the ambit of the chamber, and to represent the Company in
relations with the other entities trading electricity;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">f)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to coordinate the establishment
of the prices for purchase and sale of electricity, and to propose them to the
Executive Board for approval;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to establish commercial
relations with and coordinate the state of electricity and services to
consumers, individually, or groups of consumers, served at voltages greater
than or equal to 2.3kV and contracted demand greater than or equal to 500 kW,
and also business groups;</font></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">h)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to identify, measure and manage
the risks association with the trading of electricity;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">i)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to negotiate and manage the
Contracts for Use of the Transmission System with the National System Operator
(ONS) and for connection of the Distribution System to the transmission
companies;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">j)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">the o manage the trading, in
coordination with the Chief New Business Development Officer, of the Company&#146;s
carbon credits.</font></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">VII &#150;</font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">To the Chief New Business Development Officer:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">a)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to
arrange prospecting, analysis and development of new business of the company in
the areas of generation, transmission and distribution of electricity,
transport and gas distribution, and also in other activities directly or
indirectly related with the company&#146;s objects;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">b)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to
arrange for technical, economic-financial, and environmental feasibility
studies of new business projects for the company, in coordination with the
Chief Officers&#146; Departments related to the said businesses;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">c)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to
coordinate the negotiations and implement the partnerships, consortia,
special-purpose companies and other forms of association with public or private
companies necessary for the development of new business, and also the
negotiation of contracts and corporate documents of these projects;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">39</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">d)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to coordinate the
participation of the Company in tender proceedings for obtaining grant of
concessions in all the areas of its operations;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">e)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to coordinate, evaluate
and structure the opportunities for acquisition of new assets in the
electricity sector and the sector of transport and distribution of gas;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">f)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to arrange for prospecting
and analysis, within the company, of business opportunities related to the use
of carbon credits;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">g)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to consolidate the
planning of expansion of the generation, transmission and distribution systems;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">h)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to consolidate the Capital
Investment Program in the company&#146;s generation, transmission and distribution;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">i)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to represent the company
in relations with the entities for planning of expansion of the electricity
sector in its areas of operation;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">j)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to carry out environmental
programs and actions within the area related to this Chief Officer&#146;s
Department;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">l)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to accompany, within the Company, the energy planning of the
State of Minas Gerais.</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">VIII &#150;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;To
the Director Without Specific Designation:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">a)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to carry out all the acts
specifically provided for in the legislation and these bylaws, and the
activities attributed to him or her by the Board of Directors.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167; 1</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The competencies of representation before
technical and administrative bodies and associations granted to the Chief
Officers under this Clause do not exclude the competency of representation of
the Chief Executive Officer, nor the need for obedience to the provisions in
these Bylaws in relation to prior obtaining of authorizations from the
management bodies to contract obligationms in the name of the Company.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">40</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167; 2</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">As well as the exercise of the attributions
herein specified and demanded by law, each Chief Officer&#146;s Department has the competency
to ensure the cooperation, assistance and support of the other Chief Officer&#146;s
Departments in the areas of their respective competencies, with the aim of
success in the greater objectives and interests of the Company.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-31.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167; 3</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The projects developed by the Company in the
area of the Chief New Business Development Officer&#146;s Department, once
structured and constituted, should be assumed by the respective Chief Officer&#146;s
Departments responsible for their construction, execution, operation and sales,
as defined in these Bylaws.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-31.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 4</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">It is the competency of each Chief Officer, within the area
of his operation, to arrange for the actions necessary for compliance with and
effective implementation of the work safety policies approved by the Company.&#148;;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-31.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">7)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">To change Clause 21, to improve the drafting and to provide
in the Bylaws for deductions from the economic results of the business year,
before any profit sharing, as follows:</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-1.0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#147;Clause 21</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Prior to the deduction of any sharing in
results, the following shall be deducted from the result for the business year:
retained losses, the provision for income tax, the Social Contribution on Net
Profit and, successively, the profit shares of the employees and the managers.&#148;;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">8)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">To insert new Clauses 25 and 26, to provide in the Bylaws for
distribution of the profits or economic results, with the following drafting:</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-1.0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#147;Clause 25</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The employees have the
right to a share in the profits or results of the Company, upon the criteria
defined by the Executive Board based on the guidelines approved by the Board of
Directors and limits established by the General Meeting of Stockholders, in
accordance with the specific legislation.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-1.0in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 26</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">It is a competency of the General Meeting
of Stockholders to set, annually, the limits of sharing by the managers in the
profits of the Company, subject to the provisions of the sole sub-paragraph of
Clause 190 of Law 6404 of December 15, 1976&#148;;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">9)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">To re-number the previous Clause 25 as Clause 27;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">10)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">To re-number the previous Clause 26 to Clause 28, and to
change its drafting to introduce provision for the possibility of contracting
of third-party liability insurance for the managers of the Company, to the
following:</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">41</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-1.0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#147;Clause 28</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The company shall provide
to the members of the Board of Directors, the Audit Board and the Executive
Board, defense in Court and/or administrative proceedings in which they are
parties on the Plaintiff or Defendant side, during or after their periods of
office, for actions or events related to the exercise of their specific
functions and which do not violate legal provisions or the provisions of the
Bylaws.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167; 1</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The guarantee given in the head paragraph of
this Clause extends to employees who legally carry out actions by delegation
from the company&#146;s management officers.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-31.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167; 2</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The Company shall contract third-party
liability insurance to cover expenses of proceedings, fees of counsel and
indemnities arising from the legal and administrative proceedings referred to
in the head paragraph of this Clause, upon decision by the Board of Directors.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-31.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">As can be seen, the objective of this
proposal is to serve the legitimate interests of the company, and for this
reason the Board hopes that it will be approved by yourselves, the stockholders.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:56.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Belo Horizonte, July 26, 2007</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:56.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Signed by:</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 58.0pt;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">M&#225;rcio Ara&#250;jo
de Lacerda, Chairman of the Board of Directors;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 58.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Djalma Bastos de Morais, Vice-Chairman;</font></p>

<p style="color:black;margin:0in 0in .0001pt 58.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">A&#233;cio Ferreira da Cunha, Alexandre Heringer
Lisboa, Andr&#233;a Paula Fernandes Pansa, Ant&#244;nio Adriano Silva, Carlos Augusto
Leite Brand&#227;o, Evandro Veiga Negr&#227;o de Lima, Francelino Pereira dos Santos,
Haroldo Guimar&#227;es Brasil, Jos&#233; Augusto Pimentel Pessoa, Maria Estela Kubitschek
Lopes, Wilson N&#233;lio Brumer and Wilton de Medeiros Daher, Members of the Board of
Directors.&#148;</font></p>

<p style="color:black;margin:0in 0in .0001pt 58.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Asking for the floor, the Chairman stated
that the Extraordinary General Meeting of Stockholders of Companhia Energ&#233;tica
de Minas Gerais-Cemig scheduled for today, August 23, 2007, at 10 a.m., to
decide on changes to the Bylaws, was not held for lack of quorum, since
stockholders representing more than two-thirds of the voting shares were not
present. He also stated that a new Extraordinary General Meeting of
Stockholders of that Company will be called, on second convocation, with the
same agenda, at an opportune time.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">This being so, and considering that the
changes in the Bylaws proposed by the Board of Directors of Cemig GT for this
meeting reflect the Bylaws of Cemig, the Chairman proposed adjournment of the
meeting, to be resumed at 5 p.m. on September 12 of this</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">42</font></p>

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

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">year, so as to make the Bylaws of this Company compatible
with the changes in the Bylaws approved at an opportune moment by the
stockholder Cemig.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">This proposal by the Chairman for
adjournment of the business of this meeting was put to discussion and to the
vote, and approved.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The meeting was resumed at
on September 12, 2007 at 5 p.m. at the Company&#146;s head office, with the presence
of the representative of the stockholder Companhia Energ&#233;tica de Minas Gerais,
the Chief Executive Officer of Cemig GT, Djalma Bastos de Morais, and Ms.
Anamaria Pugedo Frade Barros. The Chairman explained that that Company had not
published a new convocation of stockholders to deal with the changes to the
Bylaws contained in the agenda of the Extraordinary General Meeting of August
23, 2007.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">This being so, he proposed a further
adjournment of the meeting, until September 12 of this year, at 1 p.m. The
Chairman&#146;s proposal for a further adjournment of the business of this Meeting
was put to discussion and subsequently to the vote and approved.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">The meeting was resumed on September 12,
2007 at 5 p.m. at the Company&#146;s head office with the presence of the
representative of the stockholder Companhia Energ&#233;tica de Minas Gerais, the
Chief Executive Officer of Cemig GT, Djalma Bastos de Morais, and Ms. Anamaria
Pugedo Frade Barros. The Chairman explained that Cemig had not published a new
convocation for an Extraordinary General Meeting of Stockholders to deal with
the changes in the Bylaws contained in the agenda for the Extraordinary General
Meeting of August 23, 2007.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">This being so, he proposed
a further adjournment of the business until October 17 of this year, at 1 p.m.
This proposal by the Chairman for a further suspension of the business of this
meeting was put to discussion and subsequently to the vote, and approved.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The meeting being resumed
on October 17, 2007 at 5 p.m. at the Company&#146;s head office, with the presence
of the representative of the stockholder Companhia Energ&#233;tica de Minas Gerais,
the CEO of Cemig GT, Djalma Bastos de Morais, and Ms Anamaria Pugedo Frade
Barros, the Chairman explained that the Stockholders of Cemig present at the
Extraordinary General Meeting of Stockholders of that Company held on that same
day at 10.30 a.m. changed the Bylaws of that Company.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">This being so, the Chairman said that a
change in the proposal of the Board of Directors of Cemig GT in relation to the
changes in the Bylaws was necessary, to improve the drafting of the proposal
under discussion:</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">a)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to change the drafting of
sub-clause &#145;g&#146; of paragraph 4 of Clause 16, to exclude the need for approval by
the</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">43</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">Executive Board of the
statements of votes in the meetings of the Boards of Directors;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">b)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to change the drafting of
the first paragraph of Clause 14, to adapt it in technical legal terms;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">c)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to change the drafting of
sub-clause &#147;o&#148; of Clause 12, to establish that, annually, the directives and
limits, including financial limits for expenditure on personnel shall be set;
and</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to insert sub-clause &#147;q&#148; in Clause 12, to include approval of
declarations of vote in the General Meetings of Stockholders and orientations
for voting in the meetings of Boards of Directors of the wholly-owned
subsidiaries, jointly controlled companies, affiliated companies and consortia
in which the Company participates, when participation in the capital of other
companies or consortia is involved:</font></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 14.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#150; so that the drafting
is as follows:</font></p>

<p style="color:black;margin:0in 0in .0001pt 14.0pt;text-autospace:none;text-indent:-14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:1.0in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#147;Clause 12 ...</font></b></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:56.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">o)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">annually, to fix the
directives and establish the limits, including financial limits, for spending
on personnel, including concession of benefits and collective work agreements,
subject to the competence of the General Meeting of Stockholders and the annual
Budget approved;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">q)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">to approve the
declarations of vote in the General Meetings of Stockholders and the
orientations for voting in the meetings of the Boards of Directors of the
wholly-owned subsidiaries, jointly-controlled companies, affiliated companies
and the consortia in which the Company participates, when participation in the
capital of other companies or consortia is involved, and the decisions must, in
any event and not only in matters relating to participation in the capital of
other companies or consortia, obey the provisions of these Bylaws, the
Long-term Strategic Plan and the Multi-year Strategic Implementation Plan.&#148;;</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">44</font></p>

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

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">Clause 14 ...</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167; 1</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;font-weight:bold;">&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">In the event of absence, leave, resignation
or vacancy of any of the other members of the Executive Board, a meeting of the
Executive Board may by a majority vote attribute the exercise of the respective
functions to another Executive Officer, for whatever period the absence or
leave &#150; or, in the event of vacancy, the impediment or resignation &#150; may last,
until the post is filled by the Board of Directors.&#148;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-31.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#147;Clause 16 ...</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 102.95pt;text-autospace:none;text-indent:-30.95pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167; 4 ...</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-31.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.5in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:8.5pt;">&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to approve, upon proposal by the Chief Executive Officer,
jointly with the Chief Officer for Finance, Investor Relations and Control of
Holdings, the declarations of vote in the general meetings of stockholders of
the wholly-owned subsidiaries, jointly-controlled companies, affiliates and the
consortia in which the Company participates, and the decisions must obey the
provisions of these Bylaws, the decisions of the Board of Directors, the
long-term Strategic Plan and the Multi-Year Strategic Implementation Plan;&#148;.</font></p>

<p style="color:black;margin:0in 0in .0001pt 103.0pt;text-autospace:none;text-indent:-22.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">The Chairman then put the proposal of the
Board of Directors to this meeting, with the changes mentioned above, to debate
and, subsequently, to the vote, and it was approved.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">The meeting being opened to the floor, no
one wished to speak, and the Chairman ordered the meeting to be adjourned for
the time necessary for preparation of these minutes. The meeting being resumed,
the Chairman put the said minutes to debate and to the vote, they were approved
and signed, and he declared the meeting closed. For the record, I Anamaria
Pugedo Frade Barros, Secretary, prepared these minutes and signed jointly with
those present.</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;text-indent:14.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

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

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

<p style="color:black;margin:0in 0in .0001pt 35.0pt;text-autospace:none;text-indent:35.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Djalma Bastos de Morais</font></p>

<p style="color:black;margin:0in 0in .0001pt 35.0pt;text-autospace:none;text-indent:35.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 35.0pt;text-autospace:none;text-indent:35.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Manoel Bernardino
Soares, for Cemig</font></p>

<p style="color:black;margin:0in 0in .0001pt 35.0pt;text-autospace:none;text-indent:35.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 35.0pt;text-autospace:none;text-indent:35.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">This is an accurate copy of the original.</font></p>

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

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

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Anamaria Pugedo Frade
Barros</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">45</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-weight:bold;"><img width="608" height="48" src="g264342bgi001.jpg"></font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman">&nbsp;</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;">COMPANHIA ENERG&#201;TICA DE MINAS GERAIS &#150; CEMIG
CNPJ 17.155.730/0001-64 &#150; NIRE 31300040127</font></b></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&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;">MINUTES
OF THE EXTRAORDINARY GENERAL MEETING HELD ON OCTOBER 17, 2007.</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">At 10.30am
on October 17, 2007, at the Company&#146;s head office, Av. Barbacena, 1200, 18<sup>th</sup>
Floor, Belo Horizonte, Minas Gerais State, Brazil, shareholders representing
more than two-thirds of the voting capital of </font></b>Cemig<b>
(Companhia Energ&#233;tica de Minas Gerais) met, on second convocation, as verified
in the Stockholders&#146; Attendance Book, where all signed and made the required
statements. The stockholder The State of Minas Gerais was represented by Mr.
Marco Ant&#244;nio Rebelo Romanelli, Joint Chief Advocate of the State, in
accordance with the legislation.</b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Initially,
Ms. Anamaria Pugedo Frade Barros, Superintendent of the General Secretariat of
Cemig, stated that there was a quorum for holding the Extraordinary General
Meeting of Stockholders. She also stated that the stockholders present should
elect a Chairman for this meeting, under Clause 10 of the Bylaws.</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Asking for
the floor, the representative of the stockholder, State of Minas Gerais,
proposed the stockholder Manoel Bernardino Soares to chair the meeting. Put to
the vote, this proposal was approved unanimously.</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">The
Chairman then declared the meeting open and invited me, Anamaria Pugedo Frade
Barros, stockholder, to be Secretary of the meeting, requesting me to read the
convocation announcement published in the newspapers <i>Minas Gerais</i>, the official body of the powers of Minas
Gerais State, on October 5, 6 and 9 of this year, <i>O Tempo</i>, on October 5, 6 and 7, and <i>Gazeta Mercantil</i> on October 5, 8 and 9, as
follows:</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman">&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;">&#147;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;"><font size="2" face="Times New Roman">&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;">LISTED COMPANY</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">CNPJ 17.155.730/0001-64; NIRE 31300040127</font></b></p>

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

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

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Stockholders
are hereby called to attend an Extraordinary General Meeting of Stockholders,
on second convocation, to be held on October 17, 2007, at 10:30 a.m., at the
Company&#146;s head office, Avenida</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">46</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">&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;">Barbacena
1200, 18th floor, Belo Horizonte, Minas Gerais, Brazil, to decide on the
following changes to the Bylaws:</font></b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">1 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>insertion, in Clause 1, of a
second sub-paragraph, to ensure the participation of the controlling stockholder,
The State of Minas Gerais, in the decisions of the wholly-owned subsidiaries
and companies controlled by the Company, and consequent renumbering of the sole
Sub-paragraph to be Paragraph 1 (&#167; 1);</b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">2 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>change in the drafting of &#167;&#167;
1, 2, 3, 4 and 5 of Clause 11, and also &#167;&#167; 2 and 4 of Clause 12, to improve the
drafting and for technical legal reasons;</b></p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>change in the drafting of
Clause 17 to define the attributions of the Board of Directors and provide for
the possibility of the Board of Directors delegating to the Executive Board the
competency to authorize entering into contracts for sale of electricity and
provision of distribution and transmission services;</b></p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">4 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>change in the header of
Section II of Chapter IV to &#147;the Executive Board&#148; to harmonize it with the rest
of the Bylaws, which always refer to that body by this name;</b></p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">5 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>change in the name of the
Chief Finance, Holdings and Investor Relations Officer&#146;s Department;</b></p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">6 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>consequent change in the
drafting of the head paragraph of Clause 18;</b></p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">7 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>change in the drafting of &#167;&#167;
3 and 4 of Clause 18, to improve the drafting and to redefine the competency
for granting of annual paid leave to the Chief Officers, and to revoke the
restriction on payment of leave time not taken;</b></p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">8 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>change in the head paragraph
of Clause 19 and its first subparagraph to improve the drafting;</b></p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">9 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>change in Clause 21 to
improve the drafting, to change the name of the Chief Finance, Holdings and
Investor Relations Officer&#146;s Department and to define the attributions of the
Executive Board;</b></p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">10 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160; </font></b><b>change in the drafting of Clause 22, to define the
attributions of the members of the Executive Board;</b></p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">11 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160; </font></b><b>change in the drafting of Clause 25, to adapt the
attributions of the Audit Board, enabling assumption of the attributions
demanded by the Sarbanes-Oxley law;</b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">47</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">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">12 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160; </font></b><b>change in the drafting of the head paragraph of Clause
28, for optimum tax efficiency;</b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">13 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160; </font></b><b>change in the head paragraph of Clause 29 to improve
the drafting;</b></p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">14 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160; </font></b><b>exclusion of &#167;&#167; 1 and 2 of Clause 30, since
preparation of the Long-term Strategic Plan and its content is already stated
in the attributions of the Board of Directors;</b></p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">15 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160; </font></b><b>insertion of new Clauses numbered 32, to ensure
participation of the employees in the Company&#146;s profits or economic results,
and 33, to provide that the General Meeting of Stockholders shall set,
annually, the limits of participation of the managers in the Company&#146;s profits;</b></p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">&nbsp;</font></b></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">16 -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160; </font></b><b>consequent re-numbering of the present Clauses 32, as
34, and 33, as 35, and their alteration to improve the drafting and also to
contain a provision for the possibility of contracting of third party liability
insurance for the Managers.</b></p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.9pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Any
stockholder who wishes to be represented by proxy in this General Meetings of
Stockholders should obey the terms of Article 126 of Law 6406 of December 15,
1976, as amended, and the sole paragraph of Article 9 of the Company&#146;s Bylaws,
depositing, preferably by October 15, 2007, proofs of ownerships of the shares
issued by a depositary financial institution, and a power of attorney with
special powers, at the General Secretariat of the Company at Av. Barbacena
1200, 19th floor, B1 wing, Belo Horizonte, Minas Gerais, or showing at the time
of the meeting.</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman">&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;">Belo Horizonte, October 2, 2007.</font></b></p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:21.3pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Signed by:
M&#225;rcio Ara&#250;jo de Lacerda &#150; Chairman of the Board of Directors&#148;.</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:21.3pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.9pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Before the
items on the agenda of this meeting were put to debate and the vote, the
representative of the stockholder Southern Electric Brasil Participa&#231;&#245;es Ltda.,
stated that the changes in the Bylaws made by the EGM of October 25, 1999, and
also those subsequently made, were approved only by reason of the suspension of
the Stockholders&#146; Agreement, by decision of the Judiciary, and were thus
provisional and precarious. He said that, thus, the acts and transactions
practiced or submitted for approval of the management bodies of Cemig under
such alteration to the Bylaws made under the protection of the Court decision
currently in force might, at any moment, be reviewed and withdrawn from the
legal universe.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">48</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">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">On this
question, the representative of the stockholder State of Minas Gerais reminded
the meeting that the decision that annulled the Stockholders&#146; Meeting entered
into between the State of Minas Gerais and Southern Electric Brasil
Participa&#231;&#245;es Ltda. no longer has an interim or provisional character. It is,
he said, a decision on the merit and, thus, is not a suspension, but an
annulment. He added that there is already a decision on the merit that annuls
the Stockholders&#146; Agreement confirmed by the Appeal Court of the State of Minas
Gerais. He further explained that the decisions of this Meeting may take into
consideration only what exists at the present moment, and it would be
irresponsible not to vote on matters while awaiting decisions of the Courts,
since, in reality, the said Stockholders&#146; Agreement, by force of a Court
announcement, cannot produce any effect and the decisions taken are taken in
strict compliance with the Court judgment. Finally, he noted that the
extraordinary and special appeals brought by Southern Electric were not
admitted by the Vice-Chairman of the Minas Gerais Appeal Court, and the higher
Appeal Court refused the Interlocutory and Special Appeals brought by Southern
Electric, strengthening the legal situation already declared by the Minas
Gerais Appeal Court, that is to say, inefficacy of the Stockholders&#146; Agreement
that is the subject of the action.</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Again
taking the floor, the representative of the stockholder Southern Electric
Brasil Participa&#231;&#245;es Ltda. stated that the interlocutory appeal brought against
the dispatch refusing the Extraordinary Appeal, currently before the Federal
Supreme Court, still awaits judgment.</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Continuing
the proceedings, the Chairman asked the Secretary to proceed to reading of the
proposal of the Board of Directors which refers to the agenda, the content of
which document is as follows:</font></b></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:56.7pt;"><font size="2" face="Times New Roman">&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;">&#147;PROPOSAL OF THE BOARD OF DIRECTORS TO THE</font></b></p>

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

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

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

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

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

<p style="color:black;margin:0in 0in .0001pt 27.0pt;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">a)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">the General Attorney of
the State of Minas Gerais has recommended that the Bylaws should ensure the
participation of the State in the decisions of the wholly-owned subsidiaries
and companies controlled by the Company, so as to preserve its position as
controlling stockholder in accordance with the Constitution of the State of
Minas Gerais and the current legislation;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 27.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 27.35pt;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">b)</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>there is a need for a restructuring in relation to
distribution of competencies between the Company&#146;s various management bodies;</b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">49</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">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 27.0pt;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">c)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">there is a need,
especially, for re-adaptation of the attributions of the Audit Board, to permit
that body to assume the attributions required by the Sarbanes-Oxley law;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 27.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 27.0pt;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">d)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">it is appropriate that
there should be provision in the Bylaws relating to distribution of profits or
economic results to the employees, and also of profits to the managers, in
accordance with the limits to be set by the General Meeting of Stockholders in
compliance with Article 190 of Law 6404 of December 15, 1976, and with
decisions of the CVM (Securities Commission);</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 27.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 27.0pt;text-autospace:none;text-indent:-.25in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">e)</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">it is necessary to have
provision in the Bylaws for distribution of profits or economic results, also,
as a means of tax planning, to enable shares of results that are distributed to
be deducted directly from the profit and avoid infringement notices by the
Brazilian Federal Tax Authority, such as have recently been served on the
Company precisely because of the absence of this provision;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 27.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 27.35pt;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">f)</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>there is a need to introduce a provision for the
possibility of contracting third party liability insurance for the Company&#146;s
managers, upon proposal by its Board of Directors;</b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 27.35pt;text-autospace:none;text-indent:-.25in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">g)</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>there is a need for review of various provisions of
the Bylaws with a view to their better adaptation from the legal and formal
point of view;</b></p>

<p style="margin:0in 0in .0001pt .35pt;text-autospace:none;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#150; the Board of Directors now proposes to
submit to the Extraordinary General Meeting of Stockholders the following
changes in the Bylaws:</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">1) To insert in Clause 1 a second sub-paragraph
with the following drafting, and consequent re-numbering of the sole
sub-paragraph as &#167; 1:</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#147;Clause 1 - &#133;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167; 1</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The activities
specified in this Clause may be exercised directly by Cemig or, as
intermediary, by companies constituted by it or in which it may hold a majority
or minority stockholding interest, upon decision by the Board of Directors,
under State Laws 828 of December 14, 1951, 8655 of September 18, 1984 and 15290
of August 4, 2004.</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#167; 2</font></b><b><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The State of
Minas Gerais is guaranteed participation in the decisions of the wholly-owned
subsidiaries and companies controlled by the Company, so as to preserve its
condition of controlling stockholder, in accordance with the Constitution of
the State of Minas Gerais and the legislation in force.&#148;;</font></b></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">50</font></p>

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

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">2) To change &#167;&#167; 1, 2, 3, 4 and 5 of Clause
11, to improve the drafting, and due to technical legal points, to the
following:</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">&#147;Clause 11 - &#133;</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The structure and composition of the Board of
Directors and the Executive Board of the Company shall be identical in the
wholly-owned subsidiaries Cemig Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e
Transmiss&#227;o S.A., with the exception that only the wholly-owned subsidiaries of
Cemig Distribui&#231;&#227;o S.A. shall have a Chief Distribution Sales Officer, and only
Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. shall have a Chief Generation and Transmission
Officer.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Board of Directors and the Executive
Board, in the management of the Company, the wholly-owned subsidiaries Cemig
Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A., and of the other
wholly-owned subsidiaries, jointly-controlled companies and affiliates, and of
the consortia in which it directly or indirectly participates, must obey the
provisions of the Company&#146;s Long-term Strategic Plan, especially the dividend
policy therein stated, as approved by the Board of Directors.</p>

<p style="margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Strategic Plan shall contain the
long-term strategic planning, bases, targets, objectives and results to be
followed and achieved by the Company and its dividend policy, and must obey the
commitments and requirements specified in &#167;5 below.</p>

<p style="margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Long-term Strategic Plan shall be revised
annually by the Executive Board and approved by the Board of Directors and
shall be reflected in all the plans, projections, activities, strategies,
investments and expenses of the Company and its wholly-owned subsidiaries,
jointly-controlled companies and affiliates and the consortia in which it
directly or indirectly participates, including the multi-year Strategic
Implementation Plan and the Annual Budget, which must be approved by the Board
of Directors.</p>

<p style="margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
5</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In managing the Company and in the exercise
of the right to vote in wholly-owned subsidiaries, jointly-controlled
companies, affiliates and consortia, the Board of Directors and the Executive
Board shall faithfully obey and comply with the following targets:</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to keep the Company&#146;s consolidated
indebtedness equal to or less than 2 (two) times the Company&#146;s Ebitda (earnings
before interest, taxes, depreciation and amortization);</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to limit the consolidated ratio Net debt /
(Net debt + Stockholders&#146; equity) to 40% (forty per cent);</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to limit the consolidated balance of funds
recognized in Current assets, for the purposes of Clause 30 of these Bylaws or otherwise,
to the equivalent of a maximum of 5% (five per cent) of the Company&#146;s Ebitda
(earnings before interest, taxes, depreciation and amortization);</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to limit the consolidated amount of funds
destined to capital expenditure and the acquisition of any assets, in each
business year,</p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">51</font></p>

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

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

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">to the equivalent of a
maximum of 40% (forty per cent) of the Company&#146;s Ebitda (earnings before
interest, taxes, depreciation and amortization);</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to invest only in distribution, generation
and transmission projects which offer real minimum internal rates of return
equal to or more than those specified in the Company&#146;s Long-Term Strategic
Plan, subject to the legal obligations; and</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to maintain the expenses of the wholly-owned
subsidiary Cemig Distribui&#231;&#227;o S.A. and of any subsidiary which operates in
distribution of electricity at amounts not greater than the amounts recognized
in the tariff adjustments and reviews;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to maintain the revenues of the wholly-owned
subsidiary Cemig Distribui&#231;&#227;o S.A. and those of any subsidiary which operates
in distribution at the amounts recognized in the tariff adjustments and
reviews.</p>

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

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">...&#148;;</font></p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3) To improve the drafting
of paragraphs 2 and 4 of Clause 12, to the following:</font></p>

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

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#160;&#147;Clause 12- ...</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The global or individual amount of the
remuneration of the Board of Directors shall be fixed by the General Meeting of
Stockholders, in accordance with the legislation from time to time in force.</p>

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

<p style="margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(...)</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Boards of Directors of the wholly-owned
subsidiaries Cemig Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A.
shall, obligatorily, be composed of the members or substitute members elected
to the Board of Directors of the Company.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 28.35pt;text-autospace:none;text-indent:-28.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>To change the drafting of Clause 17, to the
following:</p>

<p style="margin:0in 0in .0001pt 28.35pt;text-autospace:none;text-indent:-28.3pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 17:&#160; The Board of Directors shall have the
following attributions:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to fix the general orientation of the Company&#146;s
business;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to elect or dismiss the Executive Officers of
the Company, subject to these Bylaws;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide, prior to the Company entering into
them, on contracts between the Company and any of its stockholders, or
companies which are sole or joint controlling stockholders of any of its
stockholders;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide, upon proposal by the Executive
Board, on disposal or placement of a charge on any of the Company&#146;s property,
plant or equipment, and on the giving by the Company of any guarantee to any
third parties of which the individual value is greater than or equal to R$
5,000,000.00 (five million Reais);</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide, upon proposal put forward by the
Executive Board, on the Company&#146;s capital investment projects, signing of
contracts and legal transactions in general, contracting of loans, financings,
or the constitution of any obligations in the name of the Company the value of
which, individually or jointly, is R$ 5,000,000.00 (five million Reais) or
more,</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">52</font></p>

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</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">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">including injections of capital into
wholly-owned subsidiaries, jointly-controlled companies and affiliates and the
consortia in which it participates;</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">f)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to call the General Meeting of
Stockholders;</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to monitor and inspect the management by
the Executive Board, for which purpose the Board of Directors may, at any time,
examine the books and papers of the Company, and request information on
contracts agreed or in the process of being agreed, and on any other
administrative facts or actions which it deems to be of interest;</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">h)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to state prior opinion on the report of
management and the accounts of the Company&#146;s Executive Board;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">i)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to choose, annually, and to dismiss, the
Company&#146;s auditors, from among companies with international reputation
authorized by the Securities Commission (CVM) to audit listed companies;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">j)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to authorize, upon a proposal by the
Executive Board, the start of administrative proceedings for competitive bids,
and proceedings for dispensation from and non-requirement of bids, and the
corresponding contracts, in amounts greater than or equal to R$ 5,000,000.00
(five million Reais);</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">l)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to authorize, upon proposal by the
Executive Board, the filing of legal actions, administrative proceedings, and
entering into Court and out-of-court agreements whose value is R$ 5,000,000.00
(five million Reais) or more;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">m)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to authorize the issue of securities, in
the domestic or external markets, for the raising of funds, in the form of
debentures, promissory notes, medium-term notes and other instruments;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">n)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to approve the Company&#146;s Long-Term
Strategic Plan and revisions of it, the Multi-year Strategic Implementation
Plan and revisions of it, and the Annual Budget;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">o)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to set the directives and establish the
limits, including financial limits, for spending on personnel, including
concession of benefits and collective work agreements, subject to the
competency of the General Meeting of Stockholders and in obedience to the
Annual Budget approved;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">p)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to authorize the exercise of the right of
preference under stockholders&#146; agreements or to vote in wholly-owned
subsidiaries, jointly-controlled companies, affiliated companies and the
consortia in which the Company participates, except in the case of the
wholly-owned subsidiaries Cemig Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e
Transmiss&#227;o S.A., for which the competency to decide on these matters shall be
that of the General Meeting of Stockholders.</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.4in;text-autospace:none;text-indent:-.4in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">The Board of Directors, by
specific resolutions, may delegate the power to authorize agreement of
contracts for sales of electricity or for provision of distribution or
transmission services to the Executive Board, in accordance with the
legislation.</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">5) To change the name of Section II of Chapter IV to the &#147;Executive
Board&#148;, so as to harmonize it with the rest of the Bylaws, which always refer
to that body in this way.</font></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">53</font></p>

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

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">6) To change the name of the Chief Finance, Holdings and
Investor Relations Officer to the Chief Officer for Finance, Investor Relations
and Control of Holdings, thus changing the drafting of the head paragraph of
Clause 18 to the following:</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 18:</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">The Executive Board shall be
made up of 8 (eight) Executive Officers, who may be stockholders, elected by
the Board of Directors, namely: the Chief Executive Officer; an Executive
Vice-Chairman; a Chief Officer for Finance, Investor Relations and Control of
Holdings; a Chief Corporate Management Officer; a Chief Distribution and Sales
Officer; a Chief Generation and Transmission Officer; a Chief Trading Officer;
and a Chief New Business Development Officer.&#148;;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">7) To change the drafting of the third and fourth paragraphs
of Clause 18, to improve it and to provide that the annual paid leave of the
Directors shall be given by the Chief Executive Officer, whose leave shall be
given by the Board of Directors, and, further, to revoke the restriction on
payment of leave not taken, to the following drafting:</font></p>

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

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Clause 18&#133;</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Directors shall exercise their positions
as full-time occupations in the regime of exclusive dedication to the service
of the Company. They may at the same time hold and exercise non-remunerated
positions in the management of the Company&#146;s wholly-owned subsidiaries,
jointly-controlled companies or affiliated companies, at the option of the
Board of Directors. They shall, however, obligatorily exercise the
corresponding positions in the wholly-owned subsidiaries Cemig Distribui&#231;&#227;o
S.A. and Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A.</p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.0in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4 Executive Officers who are
not employees shall have the right to an annual period of not more than 30
(thirty) days&#146; remunerated leave. This leave may not be accumulated into the
subsequent year, and its remuneration shall be augmented by one-third of the
monthly remuneration currently in effect. This leave shall be given by the
Chief Executive Officer, whose own leave shall be given by the Board of
Directors.</font></p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">8)&#160; To change the drafting of the head paragraph
and the first sub-paragraph of Clause 19, to improve it, as follows:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause
19:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In the event of absence, leave, resignation
or vacancy of the post of the Chief Executive Officer, this post shall be
exercised by the Executive Vice-Chairman, for whatever period the absence or
leave &#150; or, in the event of vacancy, the impediment or resignation &#150; may last,
until the post is filled by the Board of Directors.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In the event of absence, leave, resignation
or vacancy of any of the other members of the Executive Board, the Executive
Board may by a majority vote attribute the exercise of the respective functions
to another Executive Officer, for as long as the period of absence or leave &#150;
or, in the event of vacancy, the impediment or resignation &#150; lasts, until the
post is filled by the Board of Directors.</p>

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

<p style="margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">...&#148;;</font></p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">9)&#160; To change the drafting of Clause 21, to
improve it and to define the competencies of the Executive Board, as follows:</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">54</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">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause
21</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Executive Board is responsible for the
current management of the Company&#146;s business, subject to the Long-Term
Strategic Plan, the Multi-year Strategic Implementation Plan and the Annual
Budget, prepared and approved in accordance with these Bylaws.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Multi-year Strategic
Implementation Plan shall reflect the Company&#146;s Long-Term Strategic Plan and
contain the plans and projections for a period of 5 (five) financial years, and
must be updated at least once a year, and shall deal in detail with the
following subjects, among others:</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the Company&#146;s strategies and actions,
including any project related to its objects;</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the new investments and business
opportunities, including those of the Company&#146;s wholly-owned subsidiaries,
jointly-controlled companies, and affiliates and the consortia in which it
participates;</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the amounts to be invested or in any other
way contributed from the Company&#146;s own funds or funds of third parties;</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the rates of return and profits to be
obtained or generated by the Company.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Annual Budget shall reflect the
Company&#146;s Multi-year Strategic Implementation Plan and, consequently, the
Long-Term Strategic Plan and must give details of operational revenue and
expenses, costs and capital expenditure, cash flow, the amount to be allocated
to the payment of dividends, investments of cash from the Company&#146;s own funds
or funds of third parties, and any other data that the Executive Board
considers to be necessary.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Multi-year Strategic Plan and
the Annual Budget shall be prepared and updated annually, by the end of each
business year, to be in effect in the following business year. Both shall be
prepared in coordination with the Chief Officer for Finance, Investor Relations
and Control of Holdings and submitted to examination by the Executive Board,
and, subsequently, for approval by the Board of Directors.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The following decisions shall require a vote
by the Executive Board:</p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-35.95pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>approval of the plan of organization of the
Company and issuance of the corresponding rules and any changes to them;</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>examination and submission to the Board of
Directors for approval of the Company&#146;s Multi-year Strategic Implementation
Plan, and revisions of it, including timetables, amount and allocation of the
capital expenditure specified in it;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>examination and submission to the Board of
Directors for approval of the Annual Budget, which shall reflect the multi-year
Strategic Implementation Plan at that time in force, and any revisions of it;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>decision on re-managing of investments or
capital expenditure specified in the Annual Budget which amount, individually
or in aggregate during a single financial year, to less than</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">55</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">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">R$ 5,000,000.00 (five
million Reais), with consequent readaptation of the targets approved, obeying
the multi-year Strategic Implementation Plan and the Annual Budget;</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>approval of disposal of or placement of a
charge upon any of the Company&#146;s property, plant or equipment, and the giving
of guarantees to third parties, in amounts less than R$ 5,000,000.00 (five
million Reais);</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization of the Company&#146;s capital
expenditure projects, the signing of agreements and legal transactions in
general, the contracting of loans, financings and the constitution of an
obligation in the name of the Company, based on the Annual Budget approved,
which individually or in aggregate have values less than R$ 5,000,000.00 (five
million Reais), including the injection of capital into wholly-owned
subsidiaries, jointly-controlled companies, affiliated companies, and the
consortia in which the Company participates, subject to the provisions of
subclause &#145;p&#146; of sub-item IV of Clause 22;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>approval, upon proposal by the Chief
Executive Officer, jointly with the Chief Officer for Finance, Investor
Relations and Control of Holdings, of the statements of vote in the General
Meetings of Stockholders and the meetings of the Boards of Directors of the
wholly-owned subsidiaries, jointly-controlled companies, affiliates and the
consortia in which the Company participates, except in the case of the
wholly-owned subsidiaries Cemig Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e
Transmiss&#227;o S.A., for which the competence to decide on these matters shall be
that of the General Meeting of Stockholders, and the decision must obey the
provisions of these Bylaws, the decisions of the Board of Directors, the
long-term Strategic Plan and the multi-year Strategic Implement Plan;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization to initiate administrative
tender proceedings and proceedings for exemption from and non-requirement for
tenders, and the corresponding contracts, in amounts greater than or equal to
R$ 1,000,000.00 (one million Reais) and less than R$ 5,000,000.00 (five million
Reais);</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization to file legal actions and
administrative proceedings, and to enter into Court and out-of-court
settlements, for amounts less than R$ 5,000,000.00 (five million Reais);</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization of provisions in the Company&#146;s
accounts, of any value, on proposal by the Chief Officer for Finance, Investor
Relations and Control of Holdings;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>approval of the nominations of employees to
hold management posts in the Company, upon proposal by the Chief Officer
concerned, subject to the provisions of sub-clause &#147;h&#148; of sub-item I of Clause
22;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization of expenditure on personnel expenses and collective work
agreements, subject to the competency of the General</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">56</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

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

<p style="margin:0in 0in .0001pt 1.5in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Meeting of Stockholders, the
directives and limits approved by the Board of Directors, and the Annual Budget
approved.</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
5</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Actions necessary for the regular functioning
of the Company, signing of contracts, and other legal transactions, shall be
effected by the Chief Executive Officer, jointly with one Executive Officer, or
with a person holding a valid power of attorney.</p>

<p style="margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
6</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Powers of attorney must be granted by the
Chief Executive Officer, jointly with an Executive Officer, except for the
power described in sub-clause &#147;c&#148; of Sub-item I of Clause 22, for which only
the signature of the Chief Executive Officer is required.</p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">10)&#160; To change the drafting of Clause 22, to
define the attributions of the Chief Officers, to the following:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause
22</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Subject to the provisions of the previous
clauses, the following are the functions and powers attributed to the Executive
Board:</p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman">&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;&#160; To the Chief Executive Officer:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to oversee and direct the work of the
Company;</p>

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to supervise the preparation and
implementation of the Multi-year Strategic Implementation Plan and to develop
the strategies and actions approved;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in the Courts,
actively and passively;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to sign, jointly with one of the Executive
Officers, documents which bind the Company;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to present the annual report of the Company&#146;s
business to the Executive Board and to the Ordinary General Meeting of
Stockholders;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to hire and dismiss the Company&#146;s personnel;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage and direct the activities of
Internal Audits and Institutional Relationships, legal, communication and
representation activities, the General Secretariat and the function of the
Company&#146;s Ombudsman.</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose to the Executive Board for
approval, jointly with the Chief Office to whom the employee is linked, the
nominations for posts of Superintendent of the Company;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose appointments for positions of
management and on the Audit Boards of the wholly-owned subsidiaries,
jointly-controlled companies and affiliated companies, and also Forluz
(Funda&#231;&#227;o Forluminas de Seguridade Social) after hearing the opinion of the
Chief Officer for Finance, Investor Relations and Control of Holdings, except
in the case of the wholly-owned subsidiaries Cemig Distribui&#231;&#227;o S.A. and Cemig
Gera&#231;&#227;o e Transmiss&#227;o S.A., for which the provisions of paragraph 4 of Clause
12 and paragraph 3 of Clause 18 of these Bylaws prevail.</p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman">&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;&#160; To the Executive Vice-Chairman:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to substitute the Chief Executive Officer if
he is absent, on leave, temporary impeded, resigns or his position is vacant;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">57</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to promote improvement of the Company&#146;s
social responsibility and sustainability policies;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to set the policies and guidelines for the
environment, technological development, alternative energy sources and
technical standardization;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to co-ordinate the Company&#146;s strategy for
operations in relation to social responsibility and the environment,
technological processes and strategic management of technology;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate and put in place the
maintenance of the Company&#146;s quality control systems;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to promote the implementation of programs for
the Company&#146;s technological development;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to monitor performance of plans for
compliance with the guidelines for the environment, technology and the
improvement of quality.</p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman">&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-&#160; To the Chief Officer for Finance, Investor
Relations and Control of Holdings:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to make available the financial resources
necessary for the operation and expansion of the Company, in accordance with
the Annual Budget, conducting the processes of contracting of loans and
financings, and related services;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to co-ordinate the preparation and
consolidation, with the participation of all the Chief Officers, of the Company&#146;s
Multi-year Strategic Implementation Plan and Annual Budget;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for economic and financial
valuation of the Company&#146;s capital expenditure investment projects, except
those that are the responsibility of the Chief New Business Development
Officer;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to accompany the performance of the execution
of the investment projects, according to targets and results approved by the
Management;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out the accounting of, and to
control, the Company&#146;s economic-financial transactions;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to determine the cost of the service and to
establish an insurance policy, as laid out in the Company&#146;s Multi-year
Strategic Implementation Plan;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to prepare the short-, medium- and long-term
financial programming in detail, as specified in the Company&#146;s Multi-year
Strategic Implementation Plan and Annual Budget;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to control the Company&#146;s registered capital,
decide policy for its shares and for corporate governance, and to suggest
dividend policy;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the preparation and negotiation
of the tariffs for retail supply and distribution of electricity, and the
revenues from transmission, with the National Electricity Agency, Aneel;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to be responsible for the provision of
information to the investing public, to the Securities Commission (CVM) and to
the Brazilian and international stock exchanges or over-the-counter markets,
and the corresponding regulation and inspection entities, and to keep the
Company&#146;s registrations with these institutions updated.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">58</font></p>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company to the CVM, stock
exchanges and other entities of the capital markets;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for the financial and corporate
management of the Company&#146;s holdings in the wholly-owned subsidiaries,
subsidiaries and affiliates, within the criteria of good corporate governance
and making continual efforts for compliance with their business plans, subject
to the provisions of these Bylaws;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose to the Executive Board, for
approval or submission to the Board of Directors or to the General Meeting of
Stockholders, depending on the competency defined in these Bylaws, injections
of capital, exercise of the right of preference and the making of voting
agreements in the wholly-owned companies, subsidiaries and affiliated companies
and in the consortia in which the Company participates;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">o)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to take part in negotiations that involve the
constitution or alteration of corporate documents of the holdings referred to
in the previous subclause;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">p)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the processes of sale of
stockholdings owned by the Company, by its wholly-owned subsidiaries,
subsidiaries and affiliated companies, upon prior legislative authorization and
approval by the Board of Directors.</p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman">&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-&#160; To the Chief Corporate Management Officer:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to ensure the provision of appropriate
personnel to the Company;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide the Company&#146;s human resources policy
and to orient and promote its application;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to orient and conduct activities related to
organizational studies and their documentation;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide, conduct and supervise the Company&#146;s
telecommunications and information technology policy;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to project, put in place and maintain the
Company&#146;s telecommunications and information technology systems;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide policies and rules on support
services such as transport, administrative communication, security guards, and
provision of adequate quality in the workplace for the Company&#146;s personnel;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to provide the Company with infrastructure
and administrative support resources and services;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the policies, processes and
means of property security, work safety and security guarding approved by the
Company;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out the negotiations of the
collective work agreements, in accordance with the guidelines and limits
approved by the Board of Directors, submitting the proposals negotiated for
approval by the Executive Board;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage the process of contracting of works
and services and of acquisition and disposal of materials and real estate
property;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">59</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to effect quality control of the material
acquired and of the qualification of contracted service providers;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to administer and control the stock of
material, the separation and recovery of used material, and to carry out sales
of excess and unusable material, and scrap;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for and implement programs to
increase, develop, affect and continually improve suppliers of materials and
services of interest to the Company, alone or in cooperation with other Chief
Officers&#146; Departments or development agencies and industry associations, in the
ambit of the State of Minas Gerais;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">o)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to promote corporate management programs and
environmental actions within the scope of his Department;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">p)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to authorize initiation of administrative
tender proceedings and proceedings for exemption or non-requirement for
tenders, and the corresponding contracts, in amounts up to R$ 1,000,000.00 (one
million Reais).</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">q)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose to the Chief Executive Officer,
for submission to the Executive Board for approval, from among the employees of
the Cemig Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A., appointments
for the positions of sitting and substitute members of the Integrated
Pro-Health Administration Committee;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">r)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose to the Chief Executive Officer,
for submission to the Executive Board for approval, from among the employees of
the Company and of the other companies involved in the negotiations,
appointments of employees to the Union Negotiation Committee, and also the
appointment of its coordinator;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">s)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to present to the Executive Board the
assessments received from a leadership succession development program, put in
place by the Company, for the purpose of giving support to the decisions of the
Executive Board on the appointment of employees to management posts;</p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman">&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-&#160; To the Chief Distribution and Sales Officer:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to make continuous efforts on behalf of the
quality of supply of energy to consumers that are directly linked to the
Company&#146;s distribution systems;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to prepare the planning of the Company&#146;s
distribution system;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage the implementation of the
distribution facilities, including preparation and execution of the project,
construction and assembly;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to operate and maintain the Company&#146;s systems
of distribution and the associated systems of supervision and long-distance
control;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage the Company&#146;s Work Safety Policy in
the ambit of its activities;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to formulate and implement the policies for
serving the consumer served by this Department;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to develop programs and actions with captive
consumers with demand lower than 500 kW, with a view to the most efficient use
of electricity;</p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">60</font></p>

<div style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to establish commercial relationships with
and coordinate the sale of electricity and services to captive consumers with
demand lower than 500 kW;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out environmental programs and
actions within the scope of this Chief Officer&#146;s Department;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in the Brazilian
Electricity Distributors&#146; Association (Abradee) and with other entities of the
distribution sector;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to ensure the physical security of the
distribution facilities, establishing policies and guidelines and managing the
asset security of these facilities;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to seek continuous improvement of the
processes of operation and maintenance, through the use of new technologies and
methods that aim for improvement of quality and reduction of the cost of those
activities.</p>

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;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; To the Chief Energy
Generation and Transmission Officer:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to make continuous efforts on behalf of the
quality of supply of electricity to consumers that are directly linked to the
transmission system;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to prepare the planning of generation and
transmission;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to operate and maintain the systems of
generation and transmission and the associated systems of supervision and
long-distance control;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out environmental programs and
actions within the scope of this Chief Officer&#146;s Department;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to develop and conduct hydro-meteorological
activities of interest to the Company;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage the operations arising from
interconnection of the Company&#146;s electricity transmission system with those of
other companies, and the connections of agents to the Company&#146;s basic network;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in relations with
the National System Operator (ONS), the Brazilian Electricity Generators&#146;
Association (Abrage) and other entities representing the electricity,
generation and transmission sector;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage the Company&#146;s central laboratories
and workshops;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate and put in place projects for
refurbishment, modernization, improvement, reactivation and de-activation of
the generation and transmission facilities;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose and implement measures that aim to
ensure connectivity of the various agents of the electricity system, linked to
the Company&#146;s transmission system;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to ensure the physical security of the
generation and transmission facilities, establishing policies and guidelines
and managing the asset security of these facilities;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage and promote the Company&#146;s work
safety policy within the scope of its activities;</p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">61</font></p>

<div style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage and put in place projects for
expansion of generation, transmission and co-generation, arranging for
planning, construction and assembly, and ensuring the proper physical and
financial performance of these undertakings;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">o)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to supply technical support to the
negotiations to make the projects for expansion of generation, transmission and
co-generation possible, and to take part in the negotiation of documents of the
consortia of the entrepreneurs and special-purpose companies.</p>

<p style="color:black;margin:0in 0in .0001pt 70.0pt;text-autospace:none;text-indent:-35.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;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;">VII - To the Chief Trading
Officer:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out research, studies and
projections of interest to the Company;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the planning and execution of
the purchase of electricity to serve the Company&#146;s market and the sale of
energy coming from the Company&#146;s own sources of generation;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the purchase and sale of
electricity in its different forms and modalities, including importation,
exportation and holdings in all the segments of markets specialized in energy;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the provision of business
intermediation services related to the sale of energy to any authorized agent;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in the Electricity
Trading Chamber (CCEE), taking responsibility for the transactions carried out
in the ambit of the chamber, and to represent the Company in relations with the
other entities trading electricity;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the establishment of the prices
for purchase and sale of electricity, and to propose them to the Executive
Board for approval;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to establish commercial relations with and
coordinate the sales of electricity and services to consumers, individually, or
groups of consumers, served at voltages greater than or equal to 2.3kV and
contracted demand greater than or equal to 500kW, and also business groups;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to identify, measure and manage the risks
association with the trading of electricity;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to negotiate and manage the commercial
transactions involved in transport and connection of any party accessing the
distribution system;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to negotiate and manage the Contracts for Use
of the Transmission System with the National System Operator (ONS) and for
connection of the Distribution System to the transmission companies;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage the trading, in coordination with
the Chief New Business Development Officer, of the Company&#146;s carbon credits.</p>

<p style="color:black;margin:0in 0in .0001pt 70.0pt;text-autospace:none;text-indent:-35.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">VIII -&#160;&#160;&#160;&#160;&#160;&#160; To the
Chief New Business Development Officer:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange prospecting, analysis and
development of new business of the Company in the areas of generation,
transmission and distribution of electricity, transport and gas distribution,
and also in other activities directly or indirectly related to the Company&#146;s
objects;</p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">62</font></p>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for technical, economic-financial,
and environmental feasibility studies of new business projects for the Company,
in coordination with the Chief Officers&#146; Departments related to the said
businesses;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the negotiations and implement
the partnerships, consortia, special-purpose companies and other forms of
association with public or private companies necessary for the development of
new business, and also the negotiation of contracts and corporate documents of
these projects;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the participation of the
Company in tender proceedings for obtaining grants of concessions in all the
areas of its operations;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate, evaluate and structure the
opportunities for acquisition of new assets in the electricity sector and the
sector of transport and distribution of gas;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for prospecting and analysis,
within the Company, of business opportunities related to the use of carbon
credits;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to consolidate the planning of expansion of
the generation, transmission and distribution systems;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to consolidate the Company&#146;s Program for
Capital Investment in generation, transmission and distribution;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in relations with
the entities for planning of expansion of the electricity sector in its areas
of operation;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out environmental programs and
actions within the area related to this Chief Officer&#146;s Department;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to accompany, within the Company, the energy
planning of the State of Minas Gerais.</p>

<p style="color:black;margin:0in 0in .0001pt 70.0pt;text-autospace:none;text-indent:-35.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The competencies of representation before
technical and administrative bodies and associations granted to the Chief
Officers under this Clause do not exclude the competency of representation of
the Chief Executive Officer, nor the need for obedience to the provisions in
these Bylaws in relation to prior obtaining of authorizations from the management
bodies to contract obligations in the name of the Company.</p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>As well as the exercise of the attributions
herein specified and demanded by law, each Chief Officer&#146;s Department has the
competency to ensure the cooperation, assistance and support of the other Chief
Officer&#146;s Departments in the areas of their respective competencies, with the
aim of success in the greater objectives and interests of the Company.</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The projects developed by the Company in the
area of the Chief New Business Development Officer&#146;s Department, once
structured and constituted, should be assumed by the respective Chief Officer&#146;s
Departments responsible for their construction, execution, operation and sales,
as defined in these Bylaws.</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;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 .75in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>It is the competency of each Chief Officer,
within the area of his operation, to arrange for the actions necessary for
compliance with and</p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">63</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">effective implementation of the work safety
policies approved by the Company.&#148;;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;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;">11)&#160; To change the drafting of Clause 25, to adapt
the attributions of the Audit Board, making possible assumption of the
attributions demanded by the Sarbanes-Oxley law, to the following:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Clause
25</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Audit Board shall have the attributions
set by the Corporate Law, and also, to the extent that they do not conflict
with the Brazilian Legislation, those required by the laws of the countries in
which the Company&#146;s shares are listed and traded, in accordance with its
Regulations.&#148;;</p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">12)&#160; To change the drafting of the head paragraph
of Clause 28, to make provision in the Bylaws for distribution of profits or
economic results to the employees and of profits to the managers, to the
following:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Clause
28</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Before any profit share, any retained losses
and the provision for income tax, the Social Contribution on Net Profit and,
successively, the profit shares of the employees and the managers shall be
deducted from the result for the business year.&#148;;</p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">13)&#160; To change the drafting of the head paragraph
and the first sub-paragraph of Clause 29, to improve it, as follows:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Clause
29</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The dividends shall be distributed in the
following order:</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The annual minimum dividend guaranteed to the
preferred shares;</p>

<p style="margin:0in 0in .0001pt 1.0in;text-autospace:none;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The dividend for the common shares, up to a
percentage equal to that guaranteed to the preferred shares.&#148;</p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">14)&#160; To exclude the first and second
sub-paragraphs of Clause 30, which refer, respectively, to the competence of
the Board of Directors to approve the Plan and to its contents, since they
repeat what is already stated in other provisions of the Bylaws (respectively:
Clause 17, &#147;n&#148;; and Clause 11, &#167; 2 and 3);</font></p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">15)&#160; To insert new Clauses 32 and 33, as follows:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Clause
32</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The employees have the right to a share in
the profits or results of the Company, upon the criteria defined by the
Executive Board based on the guidelines approved by the Board of Directors and
limits set by the General Meeting of Stockholders, in accordance with the
specific legislation.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause
33</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>It is the competency of the General Meeting
of Stockholders to set, annually, the limits for sharing by the managers in the
profits of the Company, subject to the provisions of the sole sub-paragraph of
Article 190 of Law 6404 of December 15, 1976.&#148;;</p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">16)&#160; To re-number Clause 32 as Clause 34;</font></p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">17)&#160; To re-number Clause 33 to be Clause 35, and
to change its drafting, to introduce provision for the possibility of
contracting third party liability insurance for the managers of the Company, to
the following:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.75in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#147;Clause
35</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company shall provide to the members of
the Board of Directors, the Audit Board and the Executive Board, defense in
Court and/or administrative proceedings in which they are parties on the
Plaintiff or</p>

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

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

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

<p style="margin:0in 0in .0001pt 1.0in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Defendant side, during or
after their periods of office, for actions or events related to the exercise of
their specific functions and which do not violate legal provisions or the
provisions of the Bylaws.</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The guarantee given in the head paragraph of
this Clause extends to employees who legally carry out actions by delegation
from the Company&#146;s management officers.</p>

<p style="margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company shall contract third-party
liability insurance to cover expenses of proceedings, fees of counsel and
indemnities arising from the legal and administrative proceedings referred to
in the head paragraph of this Clause, upon decision by the Board of Directors.</p>

<p style="margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;
3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Any member of the Board of Directors or the
Audit Board, or any Executive Officer or employee against whom a Court judgment
subject to no further appeal is given must reimburse the Company all the costs,
expenses and losses caused to it.&#148;.</p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman">&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
objective of this proposal is to serve the legitimate interests of the
stockholders and the Company, and for this reason the Board hopes that it will
be approved by yourselves, the stockholders.</font></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Belo Horizonte, July 26, 2007</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 35.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">M&#225;rcio Ara&#250;jo de Lacerda, Chairman of the
Board of Directors;</font></p>

<p style="color:black;margin:0in 0in .0001pt 35.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 35.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Djalma Bastos de Morais, Vice-Chairman;</font></p>

<p style="color:black;margin:0in 0in .0001pt 35.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 35.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">A&#233;cio Ferreira da Cunha, Alexandre Heringer
Lisboa, Ant&#244;nio Adriano Silva, Francelino Pereira dos Santos, Maria Estela
Kubitschek Lopes, Wilson N&#233;lio Brumer, and Wilton de Medeiros Daher, Members of
the Board of Directors&#148;.</font></p>

<p style="color:black;margin:0in 0in .0001pt 35.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Asking for the floor, the representative of the stockholder
Caixa de Previd&#234;ncia dos Funcion&#225;rios do Banco do Brasil &#150; Previ suggested
alteration of the proposal being debated, to change the drafting of sub-clause &#147;g&#148;
of item I of Clause 22, so that internal audit activities would be carried out
by the Board of Directors. After discussion of the proposal of the representative
of the stockholder Previ, it was submitted to the vote, and was not approved.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Asking for the floor, the stockholder Marco Antonio Rodrigues
da Cunha proposed, to improve the drafting of the proposal being debated:</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to change the drafting of &#167; 2 of Clause 1,
to forbid any act or decision in the wholly-owned subsidiaries of Cemig and the
companies that it jointly controls such as might affect the condition of the
State of Minas Gerais as controlling stockholder of the Company;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to change the drafting of sub-clause &#147;g&#148; of
&#167; 4 of Clause 21, excluding the need for approval by the Executive Board of
statements of votes in the meetings of the Boards of Directors;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to change the drafting of &#167; 1 of Clause 19
and sub-clause &#147;d&#148; of sub-item III of Clause 22, for its improvement from the
formal legal point of view;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to change the drafting of sub-clause &#147;o&#148; of
Clause 17, to require that, annually, directives be set and limits established,
including financial limits, for spending on personnel; and</font></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">65</font></p>

<div style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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<div>

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">e)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to insert sub-clause &#147;q&#148; in Clause 17, to
deal with approval of statements of vote in the General Meetings of
Stockholders and orientations for voting in the meetings of the Boards of
Directors of the wholly-owned subsidiaries, jointly-controlled companies,
affiliated companies and the consortia in which the Company participates, when
participation in the capital of other companies or consortia is involved</font></p>

<p style="color:black;margin:0in 0in .0001pt 71.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">- so that the drafting changes to the following:</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#147;Clause 1&#133;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 2</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Any act or decision in the
wholly-owned subsidiaries and companies controlled by Cemig which might affect
the condition of the State of Minas Gerais as controlling stockholder of the
Company, in the terms of the Constitution of the State of Minas Gerais and the
legislation in force, is prohibited.&#148;;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#147;Clause 17 &#150;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#133;</font></p>

<p style="color:black;margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 70.0pt;text-autospace:none;text-indent:-35.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">o)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">annually, to fix the directives
and establish the limits, including financial limits, for spending on
personnel, including concession of benefits and collective work agreements,
subject to the competence of the General Meeting of Stockholders and the annual
Budget approved;</font></p>

<p style="color:black;margin:0in 0in .0001pt 70.0pt;text-autospace:none;text-indent:-35.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 70.0pt;text-autospace:none;text-indent:-35.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">q)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to approve the declarations of
vote in the General Meetings of Stockholders and the orientations for voting in
the meetings of the Boards of Directors of the wholly-owned subsidiaries,
jointly-controlled companies, affiliated companies and the consortia in which
the Company participates, when participation in the capital of other companies
or consortia is involved, and the decisions must, in any event and not only in
matters relating to participation in the capital of other companies or
consortia, obey the provisions of these Bylaws, the Long-term Strategic Plan
and the Multi-year Strategic Implementation Plan.&#148;;</font></p>

<p style="color:black;margin:0in 0in .0001pt 70.0pt;text-autospace:none;text-indent:-35.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#147;Clause 19- ...</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">In the event of absence, leave,
resignation or vacancy of any of the other members of the Executive Board, a
meeting of the Executive Board may by a majority vote attribute the exercise of
the respective functions to another Executive Officer, for whatever period the
absence or leave &#150; or, in the event of vacancy, the impediment or resignation &#150;
may last, until the post is filled by the Board of Directors.&#148;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#147;Clause 21 - &#133;</font></p>

<p style="color:black;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 4 &#133;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">to approve, upon proposal by
the Chief Executive Officer, jointly with the Chief Officer for Finance,
Investor Relations and Control of Holdings, the statements of vote in the
General Meetings of Stockholders of the wholly-owned subsidiaries,
jointly-controlled companies, affiliates and the consortia in which the Company
participates, except in the case of the wholly-owned subsidiaries Cemig
Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A., for which the
competency to decide on these matters shall be that of the General Meeting of
Stockholders, and</font></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">66</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">the decisions must obey the provisions of
these Bylaws, the decisions of the Board of Directors, the Long-term Strategic
Plan and the multi-year Strategic Implementation Plan;&#148;;&#148;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.0in;text-autospace:none;text-indent:-.5in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;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;Clause 22- ...</font></p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman">&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- To the Chief Officer
for Finance, Investor Relations and Control of Holdings:</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>monitoring of the performance of the
execution of the investment projects, according to targets and results approved
by the Management;</p>

<p style="margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman">&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 Chairman then put the
matter in debate and subsequently to the vote. The proposal of the Board of
Directors to this Meeting, with the changes proposed by the stockholder Marco
Antonio Rodrigues da Cunha mentioned above, were approved with the
representative of the stockholder Southern Electric Brasil Participa&#231;&#245;es Ltda.
voting against in relation to sub-clause &#147;q&#148; of Clause 17 and sub-clause &#147;g&#148; of
&#167; 4 of Clause 21; and the representative of Southern Electric Brasil
Participa&#231;&#245;es Ltda. explained that in relation to the proposed change to Clause
17 sub-clause &#147;g&#148; he believes that the matters of original competency of the
Board of Directors, even if in relation to the subsidiaries, affiliates and
consortia in which the Company participates, should be submitted to approval of
the Board of Directors; and in relation to the proposed alteration to Clause
21, &#167; 4, sub-clause &#147;g&#148; he believes that the orientation of vote in the
meetings of the Boards of Directors of the subsidiaries, affiliates and the
consortia in which the Company participates should also be submitted to
approval of the Executive Board; and the representative of the stockholder
Caixa de Previd&#234;ncia dos Funcion&#225;rios do Banco do Brasil &#150; Previ, and the
stockholders represented by Mr. George Washington Ten&#243;rio Marcelino, abstained
in relation to the modifications proposed by the stockholder Marco Antonio
Rodrigues da Cunha, since they were not made available to the stockholders in
good time for consideration.</font></p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The meeting was open to the
floor and since no-one wished to make any statement, the Chairman ordered the
proceedings suspended for the time necessary to prepare these Minutes. When the
meeting was resumed, the Chairman put the said Minutes to debate and to the
vote and they were approved, and signed, and he declared the meeting closed.</font></p>

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

<p style="margin:0in 0in .0001pt;text-autospace:none;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">For the record, I, Anamaria
Pugedo Frade Barros, Secretary, prepared these Minutes and signed them jointly
with 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">&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;">67</font></p>

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<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman"><img width="507" height="44" src="g264342bii001.jpg"></font></p>

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

<p align="center" style="font-size:10.0pt;margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">COMPANHIA ENERG&#201;TICA DE MINAS GERAIS - CEMIG<br> </font></b><b>Listed company<br>
CNPJ 17.155.730/0001-64<br>
NIRE 31300040127</b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">S</font></b><b><font style="font-weight:bold;">UMMARY OF DECISIONS TAKEN BY
THE </font>420</b><b><font style="font-weight:bold;">TH
</font>M</b><b><font style="font-weight:bold;">EETING
OF THE </font>B</b><b><font style="font-weight:bold;">OARD
OF </font>D</b><b>IRECTORS</b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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 its meeting
held on October 30, 2007, the Board of Directors of Companhia Energ&#233;tica de
Minas Gerais made the following decision:</font></p>

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

<p style="margin:0in 0in .0001pt .5in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1. To confirm
the appointment of Luiz Fernando Rolla to the post of Chief Finance, Holdings
and Investor Relations Officer.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">68</font></p>

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<p style="margin:0in 0in .0001pt;text-autospace:none;"><b><font size="2" face="Times New Roman" style="font-weight:bold;"><img width="146" height="58" src="g264342bii002.jpg"></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;">CEMIG DISTRIBUI&#199;&#195;O S/A</font></b></p>

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

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">CNPJ 06.981.180/0001-16</font></b></p>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">At its 58</font><sup>th</sup> meeting, held on October 30, 2007, the Board of Directors of
Cemig Distribui&#231;&#227;o S.A. approved the following:</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">1.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Delegation,
until December 31, 2007, of powers to enter into contracts for retail supply of
electricity and reserve of demand, for use of the distribution system, for use
of the transmission system with the ONS, for connection to the distribution
system, and for sharing of distribution infrastructure; and terms of agreement.</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Revision
of the Project &#147;<i>Operation, Maintenance and
Refurbishment / Modernization of the Medium and Low Voltage networks in 2007</i>&#148;.</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">3.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Revision
of the Project &#147;<i>Maintenance of the Metering
System</i>.&#148;</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">4.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Financing
from Eletrobr&#225;s for the <i>Cresce Minas </i>program.</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">5.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Issuance
of Promissory Notes &#150; Re-ratification of Board Decision (CRCA) &#150; to comply with
CVM regulations and to reflect the manner in which the characteristics and
early maturity events of the debentures are set out in detail in the Issue
Deed.</p>

<p style="margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">6.</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Confirmation
of appointment of Luiz Fernando Rolla to the post of Chief Finance, Holdings
and Investor Relations Officer.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">69</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">&nbsp;</font></p>

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">CEMIG GERA&#199;&#195;O E TRANSMISS&#195;O S/A</font></b></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">Listed company &#150; CNPJ 06.981.176/0001-58</font></b></p>

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

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

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

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">At its 56th meeting, on October
30, 2007, the Board of Directors of Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. approved
the following:</font></p>

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

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">1.</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Signing of a commitment
undertaking with EDP Energias do Brasil S.A. for studies of generation sources.</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">2.</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Delegation, until
December 31, 2007, of powers to enter into contracts for sale of electricity.</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">3.</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Signing of an amendment
to a contract for implementation of a metering system for billing on the
transmission/distribution and generation/transmission frontiers, with the Areva
T&amp;D Brasil-Daltec Consortium.</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">4.</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Issuance of promissory
notes in the amount of R$ 200 million.</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">5.</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Contract for formation
of the Baguari Hydro Plant (UHE Baguari) Consortium, and amendments.</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .75in;text-autospace:none;text-indent:-.25in;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">6.</font><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Confirmation of
appointment of Luiz Fernando Rolla to the post of Chief Finance, Holdings and
Investor Relations Officer</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">70</font></p>

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

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&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;">CEMIG GERA&#199;&#195;O E TRANSMISS&#195;O S.A.</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&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;">BYLAWS</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&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;">CHAPTER I</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;">Name, constitution, objects, head office and duration</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 1:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. is a
corporation constituted as a wholly-owned subsidiary of Companhia Energ&#233;tica de
Minas Gerais &#150; Cemig, a corporation with mixed private and public sector
stockholdings, and is governed by these Bylaws and by the applicable
legislation.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 2:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The objects of the Company are:</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to study, plan, project, build and
commercially operate systems of generation, transmission and sale of
electricity and related services for which concessions are granted, under any
form of law, to it or to companies of which it maintains stockholding control;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:.5in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to operate in the various fields of energy,
from whatever source, with a view to economic and commercial operation;</p>

<p style="margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to provide consultancy services within its
field of operation to companies in and outside Brazil;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out activities directly or
indirectly related to its objects.</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The activities referred to in this clause may
be carried out directly by the Company or, upon decision by the Board of
Directors of its sole stockholder, Cemig, in accordance with Section 2 of State
Law 8655 of 18 September 1984 as amended by Law 15290 of 4 August 2004, and with
prior authorization by the National Electricity Agency, ANEEL, through
companies constituted by it, or in which it comes to have majority or minority
stockholdings.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 3:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company shall have its head office and
management in the City of Belo Horizonte, Minas Gerais State, Brazil, at Av.
Barbacena 1200, 12th Floor, B1 Wing, in the District of Santo Agostinho, and
may open offices, representations and any other establishments in or outside
Brazil on authorization by the Executive Board.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 4:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company shall have indeterminate
duration.</p>

<p align="center" style="margin:0in 0in .0001pt 63.0pt;text-align:center;text-autospace:none;text-indent:-63.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&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;">CHAPTER II</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;">Capital and shares</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 5:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s registered capital is R$
2,896,785,358.90 (two billion eight hundred and ninety six million seven
hundred and eighty five thousand three hundred and fifty eight Reais and ninety
centavos), represented by 2,896,785,358.90 (two billion eight hundred and
ninety six million seven hundred and eighty five thousand three hundred and
fifty eight) nominal common shares without par value.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Each common share carries the right to a vote
in decisions of General Meetings of Stockholders.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&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;">CHAPTER III</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;">The General Meeting of Stockholders</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 6:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Companhia Energ&#233;tica de Minas Gerais &#150; Cemig,
as sole stockholder of the Company, has full powers to make all the business decisions
in relation to the Company&#146;s objects and to adopt what resolutions it deems
necessary for the defense of its interests and its development, and shall meet,
ordinarily, within the first 4 (four) months of the year, for the purposes
specified in law and, extraordinarily, whenever necessary, subject to the
provisions of this clause and the relevant legal rules being obeyed in its
convocation, opening and decisions.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt .4in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">As modified by the
Extraordinary General Meeting of Stockholders of August 23, 2007, adjourned and
resumed on September 12 and October 10, and closed on October 17, 2007. </font></p>

<p align="right" style="margin:0in 0in .0001pt .4in;text-align:right;text-autospace:none;"><i><font size="2" face="Times New Roman" style="font-size:10.0pt;font-style:italic;">Cemig General Secretariat Office &#150; (SG)</font></i></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;">71</font></p>

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

<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;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">CHAPTER IV</font></b></p>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 7:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company shall be managed by a Board of
Directors and an Executive Board, which shall act in conformity with the
Corporate Law and with these Bylaws.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Members of the Company&#146;s Executive Board or
Board of Directors who are also members of the management bodies of the sole stockholder,
Cemig, may not receive remuneration.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&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;">Section 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">&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;">The Board of Directors</font></b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 8:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Board of Directors shall be
made up of 14 (fourteen) members and an equal number of substitute members, and
one of such sitting members shall be Chairman, and one Vice-President, and they
shall be elected, and may be dismissed, at any time, by the General Meeting of
Stockholders. Their period of office is 3 (three) years, and they may be
re-elected.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The members of the Board of Directors must, obligatorily,
be the same members of the Board of Directors of the sole stockholder, Cemig.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 9:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Board of Directors shall meet,
ordinarily, every 2 (two) months and, extraordinarily, on convocation by its
Chairman, Vice-Chairman, or by one-third of its members, or when requested by
the Executive Board, and its decisions shall be valid when a majority of its
members are present.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The meetings of the Board of Directors shall
be called by its Chairman or its Vice-Chairman, by written advice sent with 5
(five) days&#146; notice, containing the agenda to be discussed. Meetings of the
Board of Directors called on the basis of urgency may be called by its Chairman
without being subject to the above-mentioned period provided the other members
of the Board are unequivocally aware of the convocation.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Decisions of the Board of Directors shall be
taken by the majority of the votes of the board members present, and in the
event of equality of votes the Chairman shall have the casting vote.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 10:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Chairman of the Board of Directors has
the competency to grant leave to the Board&#146;s members, and the other members of
the Board have the competency to grant leave to the Chairman.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 11:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Chairman and Vice-Chairman of the Board
of Directors shall, obligatorily, be the Chairman and Vice-Chairman of the
Board of Directors of the Sole Stockholder, Cemig, and the Vice-Chairman shall
take the place of the Chairman when the Chairman is absent or impeded from
exercising his functions.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 12:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>It shall be the responsibility of the Board
of Directors, as well as other matters ascribed to it by law:</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to fix the general orientation of the Company&#146;s
business;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to elect or dismiss the Executive Officers of
the Company, subject to these Bylaws;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide, prior to the Company entering into
them, on contracts between the Company and any of its stockholders, or
companies which are sole or joint controlling stockholders of any of its
stockholders;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide, upon proposal by the Executive
Board, on disposal of or placement of a charge on any of the Company&#146;s
property, plant or equipment, and on the giving by the Company of any guarantee
to any third parties of which the individual value is greater than or equal to
R$ 5,000,000.00 (five million Reais);</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide, upon proposal put forward by the
Executive Board, on the Company&#146;s capital investment projects, signing of
contracts and legal transactions in general, contracting of loans, financings,
or the constitution of any obligations in the name of the Company, the value of
which, individually or in aggregate, is R$ 5,000,000.00 (five million Reais) or
more, including injections of capital into wholly-owned subsidiaries,
jointly-controlled companies and affiliated companies and the consortia in
which it participates;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to call the General Meeting of Stockholders;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">72</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to monitor and inspect the management by the
Executive Board, for which the Board of Directors may at any time examine the
books and papers of the Company, and request information on contracts agreed or
in the process of being agreed, and on any other administrative facts or
actions which it deems to be of interest;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to state a prior opinion on the report of
management and the accounts of the Company&#146;s Executive Board;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to choose, annually, and to dismiss, the
Company&#146;s auditors, from among companies with international reputation
authorized by the Securities Commission (CVM) to audit listed companies;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to authorize, upon a proposal by the
Executive Board, the start of administrative proceedings for competitive bids,
and proceedings for dispensation from and non-requirement of bids, and the
corresponding contracts, in amounts greater than or equal to R$ 5,000,000.00
(five million Reais);</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to authorize, upon proposal by the Executive
Board, the filing of legal actions, administrative proceedings and entering
into Court or out-of-court agreements in the amount of R$ 5,000,000.00 (five
million Reais) or more;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to authorize the issue of securities, in the domestic or external
markets, for the raising of funds, in the form of debentures, promissory notes,
medium-term notes and other instruments;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to approve the Company&#146;s Long-term Strategic
Plan, Multi-year Strategic Implementation Plan, and Annual Budget, and any
alterations or revisions thereto;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">o)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to set the directives and establish limits,
including financial limits, for spending on personnel, including concession of
benefits and collective work agreements, subject to the competency of the
General Meeting of Stockholders and the Annual Budget approved;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">p)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to authorize the exercise of the right of
preference under stockholders&#146; agreements or to vote in wholly-owned
subsidiaries, jointly-controlled companies, affiliated companies and the
consortia in which the Company participates; and</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">q)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to approve the declarations of vote in the
General Meetings of Stockholders and the orientations for voting in the
meetings of the Boards of Directors of the wholly-owned subsidiaries, jointly-controlled
companies, affiliated companies and the consortia in which the Company
participates, when participation in the capital of other companies or consortia
is involved, and the decisions must, in any event and not only in matters
relating to participation in the capital of other companies or consortia, obey
the provisions of these Bylaws, the Long-term Strategic Plan and the Multi-year
Strategic Implementation Plan.</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Long-term Strategic Plan should
contain the long-term strategic planning, grounds, targets, objectives and
results to be pursued and achieved by the Company and its dividend policy, on
which the plans, projections, activities, strategies, capital expenditure and
expenses will be based that are to be incorporated in the multi-year Strategic
Implementation Plan and the Annual Budget prepared and approved in accordance
with these Bylaws.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Board of Directors, by specific
resolutions, may delegate the power to authorize agreement of contracts for
sales of electricity and for provision of transmission services to the
Executive Board, in accordance with the legislation.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&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;">Section II</font></b></p>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 13:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Executive Board shall be made up of 8
(eight) Executive Officers, who may be stockholders, resident in Brazil,
namely: the Chief Executive Officer, the Executive Vice-Chairman, the Chief
Officer for Finance, Investor Relations and Control of Holdings, the Chief
Corporate Management Officer, the Chief Generation and Transmission Officer,
the Chief Trading Officer, the Chief New Business Officer and a Chief Officer
without Specific Designation, all elected and able to be dismissed at any time
by General Meeting of the Sole Stockholder &#150; Cemig, with period of office of 3
(three)</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">73</font></p>

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

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

<p style="margin:0in 0in .0001pt .9in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">years, re-election being
permitted. The period of office of the Chief Officers shall extend up to the
new Chief Officers elected being sworn in.</font></p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The members of the Executive Board shall,
obligatorily, be the respective members of the Executive Board of the sole
stockholder, Cemig, and the post of Executive Officer without Specific
Designation shall be occupied, also obligatorily, by the Chief Energy
Distribution and Sales Officer of the sole stockholder, Cemig.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 14:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In the event of absence, leave, or
resignation of the Chief Executive Officer or of the post of Chief Executive
Officer being vacant, this post shall be exercised by the Executive
Vice-Chairman, for as long as the period of absence or leave &#150; or, in the event
of vacancy, the impediment or resignation &#150; lasts, until the post is filled by
the Board of Directors.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In the event of absence, leave, resignation
or vacancy of any of the other members of the Executive Board, the Executive
Board may by a majority vote attribute the exercise of the respective functions
to another Executive Officer, for as long as the period of absence or leave &#150;
or, in the event of vacancy, the impediment or resignation &#150; lasts, until the
post is filled by the Board of Directors.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>A Chief Executive Officer or a member of the
Executive Board elected in the way described in this clause shall hold the
position for the remaining time of the period of office of the Executive
Officer who is substituted.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 15:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Executive Board shall meet, ordinarily,
at least 2 (two) times per month and, extraordinarily, whenever called by the
Chief Executive Officer or by 2 (two) Executive Officers with prior notice of
at least 2 (two) days, but this notice shall not be necessary if all the
Executive Officers are present. The decisions of the Executive Board shall be
taken by a vote of the majority of its members, and in the event of a tie the
Chief Executive Officer shall have a casting vote.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 16:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Executive Board is responsible for the
current management of the Company&#146;s business, subject to the Company&#146;s
Multi-year Strategic Implementation Plan and the Annual Budget, prepared and
approved in accordance with these Bylaws.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Multi-year Strategic
Implementation Plan shall contain the plans and projections for a period of 5
(five) financial years, and must be updated at least once a year, and shall
deal with the following subjects, among others:</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the Company&#146;s strategies and actions,
including any project related to its objects;</p>

<p style="margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the new investments and business
opportunities, including those of the Company&#146;s wholly-owned subsidiaries,
jointly-controlled companies, and affiliates, and the consortia in which it
participates;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the amounts to be invested or in any other
way contributed from the Company&#146;s own funds or funds of third parties;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the rates of return and profits to be
obtained or generated by the Company.</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Annual Budget shall reflect the
Company&#146;s Multi-year Strategic Implementation Plan and must give details of
operational revenue and expenses, costs and capital expenditure, cash flow, the
amount to be allocated to the payment of dividends, investments from the
Company&#146;s own funds or funds of third parties, and any other data that the
Executive Board considers to be necessary.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Multi-year Strategic Plan and
the Annual Budget shall be prepared and updated annually, by the end of each
business year, to be in effect in the following business year. Both shall be
prepared, based on the Company&#146;s Long-term Strategic Plan, in coordination with
the Chief Officer for Finance, Investor Relations and Control of Holdings, and
submitted to examination by the Executive Board, and, subsequently, for
approval by the Board of Directors.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The following decisions shall require a vote
by the Executive Board:</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>approval of the plan of organization of the
Company and issuance of the corresponding rules and any changes to them;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>examination and submission to the Board of
Directors, for approval, of the Company&#146;s Multi-year Strategic Implementation
Plan, and revisions of it, including timetables, amount and allocation of the
capital expenditure specified in it;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">74</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>examination and submission to the Board of
Directors, for approval, of the Annual Budget, which must reflect the
Multi-Year Strategic Implementation Plan then in force, and any revisions
thereto;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>decision on re-managing of investments or
expenses specified in the Annual Budget which individually or in aggregate, in
a single financial year, amount to less than R$ 5,000,000.00 (five million
Reais) with consequent re-adaptation of the targets approved, obeying the
multi-year Strategic Implementation Plan and the Annual Budget approved;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>approval of disposal of or placement of a
charge upon any of the Company&#146;s property, plant or equipment, and the giving
of guarantees to third parties, in amounts less than R$ 5,000,000.00 (five
million Reais);</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization of the Company&#146;s capital expenditure
projects, signing of agreements and legal transactions in general, contracting
of loans and financings, or constitution of an obligation in the name of the
Company, based on the Annual Budget approved, such as individually or in
aggregate have values less than R$ 5,000,000.00 (five million Reais), including
the injection of capital into wholly-owned subsidiaries, jointly-controlled
companies, affiliated companies, and the consortia in which the Company
participates, subject to the provisions of sub-clause &#145;p&#146; of sub-item IV of
Clause 17;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>approval, upon proposal by the Chief
Executive Officer, jointly with the Chief Officer for Finance, Investor
Relations and Control of Holdings, of statements of vote in the General
Meetings of Stockholders and the meetings of the Boards of Directors of the
wholly-owned subsidiaries, jointly-controlled companies, affiliated companies
and the consortia in which the Company participates, and the decisions must
obey the provisions of the Bylaws, the decisions of the Board of the Directors,
the Long-term Strategic Plan and the Multi-year Strategic Implementation Plan;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization to initiate administrative
tender proceedings and proceedings for exemption from or non-requirement for
tenders, and the corresponding contracts, in amounts greater than or equal to
R$ 1,000,000.00 (one million Reais) and less than R$ 5,000,000.00 (five million
Reais);</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization to file legal actions and
administrative proceedings, and to enter into Court and out-of-court settlements,
for amounts less than R$ 5,000,000.00 (five million Reais);</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization of provisions in the Company&#146;s
accounts, of any value, on proposal from the Chief Officer for Finance,
Investor Relations and Control of Holdings;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>approval of the nominations of employees to
hold management posts in the Company, upon proposal by the Chief Officer
concerned, subject to the provisions of sub-clause &#147;h&#148; of sub-item I of Clause
17;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization of expenditure on personnel expenses and collective work
agreements, subject to the competency of the General Meeting of Stockholders,
the directives and the limits approved by the Board of Directors and the Annual
Budget approved.</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 5</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Actions necessary for the regular functioning
of the Company, signing of contracts and other legal transactions shall be
effected by the Chief Executive Officer, jointly with one Executive Officer, or
with a person holding a valid power of attorney.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 6</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Powers of attorney must be granted by the
Chief Executive Officer, jointly with an Executive Officer, except for the
power described in sub-clause &#147;c&#148; of Sub-item I of Clause 17, for which only
the signature of the Chief Executive Officer is required.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 17:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Subject to the provisions of the previous
clauses, the following are the functions and powers attributed to the Executive
Board:</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-27.0pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">I &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Chief Executive
Officer:</b></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to oversee and direct the work of the
Company;</p>

<p style="margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to supervise the preparation and
implementation of the Multi-year Strategic Implementation Plan and to develop
the strategies and actions approved;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in the Courts,
actively and passively;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">75</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to sign, jointly with one of the Executive
Officers, documents which bind the Company;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to present the annual report of the Company&#146;s
business to the Board of Directors and to the Ordinary General Meeting of
Stockholders;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to hire and dismiss the Company&#146;s personnel;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage and direct the activities of
Internal Audits and Institutional Relationships, legal, communication and
representation activities, the General Secretariat and the function of the
Company&#146;s Ombudsman;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose to the Executive Board for
approval, jointly with the Chief Office to whom the employee is linked, the
nominations for posts of Superintendent of the Company;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose the appointments for posts in
management and on the Audit Boards of the Company&#146;s wholly-owned subsidiaries,
jointly-controlled companies and affiliated companies, and Forluz (Funda&#231;&#227;o
Forluminas de Seguridade Social), after hearing the position of the Chief
Officer for Finance, Investor Relations and Control of Holdings.</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">II &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Executive
Vice-Chairman:</b></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to substitute the Chief Executive Officer if
he is absent, on leave, impeded from exercising his functions, or has resigned
or his post is vacant;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose improvement of the Company&#146;s
social responsibility and sustainability policies;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to set the policies and guidelines for the
environment, technological development, alternative energy sources and
technical standardization;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to co-ordinate the Company&#146;s strategy for
operations in relation to the environment, technological processes and
strategic management of technology;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate and put in place the maintenance
of the Company&#146;s quality control systems;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to promote implementation of programs for the
Company&#146;s technological development;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to monitor the management of plans for
compliance with the guidelines for the environment, technology and improvement
of quality.</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">III &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Chief Officer for
Finance, Investor Relations and Control of Holdings:</b></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to make available the financial resources
necessary for the operation and expansion of the Company, in accordance with
the Annual Budget, conducting the processes of contracting of loans and
financings, and related services;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to co-ordinate the preparation and
consolidation, with the participation of all the Chief Officers, of the Company&#146;s
Multi-year Strategic Implementation Plan and Annual Budget;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for economic and financial
valuation of the Company&#146;s capital expenditure investment projects, except
those that are the responsibility of the Chief New Business Development
Officer;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to accompany the performance of the execution
of investment projects, according to targets and results approved by the
Management;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out the accounting of, and to
control, the Company&#146;s economic-financial transactions;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to determine the cost of the service and to
establish an insurance policy, as laid out in the Company&#146;s Multi-year
Strategic Implementation Plan;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to prepare the short-, medium- and long-term
financial programming in detail, as specified in the Company&#146;s Multi-year
Strategic Implementation Plan and Annual Budget;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to control the Company&#146;s registered capital,
decide policy for its shares and for corporate governance, and to suggest
dividend policy;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the preparation and negotiation
of transmission revenues with the National Electricity Agency, Aneel;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to be responsible for the provision of
information to the investing public, to the Securities Commission (CVM) and to
the Brazilian and international stock exchanges or over-the-counter</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">76</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


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

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

<p style="margin:0in 0in .0001pt 1.15in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">markets, and the corresponding
regulation and inspection entities, and to keep the Company&#146;s registrations
with these institutions updated;</font></p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company to the CVM, stock
exchanges and other entities of the capital markets;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for the financial and corporate management of the Company&#146;s
holdings in the wholly-owned subsidiaries, subsidiaries and affiliates, within
the criteria of good corporate governance and making continual efforts for
compliance with their business plans, subject to the provisions of these
Bylaws;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose to the Executive Board, for
approval or submission to the Board of Directors or the General Meeting of
Stockholders, depending on the competency defined in these Bylaws, injections
of capital, exercise of the right of preference and the making of voting
agreements in the wholly-owned subsidiaries, jointly-controlled companies and
affiliated companies and in the consortia in which the Company participates;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">o)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to take part in negotiations that involve the
constitution or alteration of corporate documents of the holdings referred to
in the previous sub-clause;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">p)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the processes of sale of
stockholdings owned by the Company, by its wholly-owned subsidiaries,
jointly-controlled companies and affiliated companies, upon prior legislative
authorization and approval by the Board of Directors.</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IV -</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Chief Corporate
Management Officer:</b></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to ensure the provision of appropriate
personnel to the Company;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide the Company&#146;s human resources
policy and to orient and promote its application;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to orient and conduct activities related to
organizational studies and their documentation;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide, conduct and supervise the Company&#146;s
telecommunications and information technology policy;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to plan, put in place and maintain the
Company&#146;s telecommunications and information technology systems;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide policies and rules on support
services such as transport, administrative communication, security guards, and
provision of adequate quality in the workplace for the Company&#146;s personnel;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to provide the Company with infrastructure
and administrative support resources and services;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the policies, processes and
means of property security, work safety and security guarding approved by the
Company;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out the negotiations of collective
work agreements, in accordance with the guidelines and limits approved by the
Board of Directors, submitting the proposals negotiated for approval by the
Executive Board;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage the process of contracting of works
and services and of acquisition and disposal of materials and real estate
property;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to effect quality control of the material
acquired and of the qualification of contracted service providers;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to administer and control the stock of material, separation and
recovery of used material, and to carry out sales of excess and unusable
material, and scrap;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for and implement programs to
increase, develop, perfect and continually improve suppliers of materials and
services of interest to the Company, alone or in cooperation with other Chief
Officers&#146; Departments or development agencies and industry associations, in the
ambit of the State of Minas Gerais;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">o)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to conduct corporate management programs and
environmental actions within the scope of this Department;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">p)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to authorize initiation of administrative
tender proceedings and proceedings for exemption or non-requirement for
tenders, and the corresponding contracts, in amounts up to R$ 1,000,000.00 (one
million Reais);</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">77</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">q)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose to the Chief Executive Officer,
for submission to the Executive Board for approval, from among the employees of
the Company, appointments for the positions of sitting and substitute members
of the Integrated Pro-Health Administration Committee;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">r)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose to the Chief Executive Officer,
for submission to the Executive Board for approval, from among the employees of
the Company, appointments of employees to the Union Negotiation Committee, and
also the appointment of its coordinator;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">s)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to present to the Executive Board the
assessments received from a leadership succession development program put in
place by the Company, for the purpose of assisting the Executive Board in
making its decisions on appointments of employees to management posts.</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">V &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Chief Generation and
Transmission Officer:</b></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to make continuous efforts on behalf of the
quality of supply of electricity to consumers that are directly linked to the
transmission system;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to prepare the planning of generation and
transmission;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to operate and maintain the systems of
generation and transmission and the associated systems of supervision and
long-distance control;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out environmental programs and
actions within the scope of this Chief Officer&#146;s Department;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to develop and conduct hydro-meteorological
activities of interest to the Company;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage the operations arising from
interconnection of the Company&#146;s electricity transmission system with those of
other companies, and the connections of agents to the Company&#146;s basic network;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in relations with
the National System Operator (ONS), the Brazilian Electricity Generators&#146;
Association (Abragee) and other entities representing the electricity generation
and transmission sector;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage the Company&#146;s central laboratories
and workshops;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate and put in place projects for
refurbishment, modernization, improvement, reactivation and de-activation of
the generation and transmission facilities;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose and implement measures that aim to
ensure connectivity of the various agents of the electricity system, linked to
the Company&#146;s transmission system;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to ensure the physical security of the
generation and transmission facilities, establishing policies and guidelines
and managing the asset security of these facilities;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage the Company&#146;s Work Safety Policy within the scope of its
activities;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage the putting in place of projects
for expansion of generation, transmission and co-generation, arranging for
planning, construction and assembly, and ensuring the proper physical and
financial performance of these undertakings;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">o)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to supply technical support to the
negotiations to make the projects for expansion of generation, transmission and
co-generation possible, and to take part in the negotiation of documents of the
consortia of the entrepreneurs and special-purpose companies.</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VI &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Chief Trading
Officer:</b></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out research, studies, analyses and
projections of interest to the Company;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the planning and execution of
the purchase of electricity to serve the Company&#146;s market and the sale of
energy coming from the Company&#146;s own sources of generation;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the purchase and sale of
electricity in its different forms and modalities, including importation,
exportation and holdings in all the segments of markets specialized in energy;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the provision of business
intermediation services related to the sale of energy to any authorized agent;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">78</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in the Electricity
Trading Chamber (CCEE), taking responsibility for the transactions carried out
in the ambit of the chamber, and to represent the Company in relations with the
other entities trading electricity;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the establishment of the prices
for purchase and sale of electricity, and to propose them to the Executive
Board for approval;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to establish commercial relations with and coordinate
sales of electricity and services to individual consumers or groups of
consumers served at voltages greater than or equal to 2.3kV and contracted
demand greater than or equal to 500kW, and also business groups;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to identify, measure and manage the risks
associated with the trading of electricity;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to negotiate and manage contracts with the
National System Operator (ONS) for use of the transmission system and with
transmission companies for connection to the Distribution System;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage, in coordination with the Chief New
Business Development Officer, the trading of the Company&#146;s carbon credits.</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VII &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Chief New Business
Development Officer:</b></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange prospecting, analysis and
development of new business of the Company in the areas of generation,
transmission and distribution of electricity, transport and gas distribution,
and also in other activities directly or indirectly related to the Company&#146;s
objects;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for technical, economic-financial,
and environmental feasibility studies of new business projects for the Company,
in coordination with the Chief Officers&#146; Departments related to the said
businesses;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate negotiations and implement
partnerships, consortia, special-purpose companies and other forms of
association with public or private companies such as are necessary for the
development of new business, and also the negotiation of contracts and
corporate documents for these projects;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the participation of the
Company in tender proceedings for obtaining grants of concessions in all the
areas of its operations;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate, evaluate and structure the
opportunities for acquisition of new assets in the electricity sector and the
sector of transport and distribution of gas;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for prospecting and analysis,
within the Company, of business opportunities related to the use of carbon
credits;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to consolidate the planning of expansion of
the generation, transmission and distribution systems;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to consolidate the Company&#146;s Program for
Capital Investment in generation, transmission and distribution;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in relations with
the entities for planning of expansion of the electricity sector in its areas
of operation;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out environmental programs and
actions within the area related to this Chief Officer&#146;s Department;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to accompany, within the Company, the energy
planning of the State of Minas Gerais.</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VIII &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160; </font></b><b>To the Chief Officer without Specific Designation:</b></p>

<p style="margin:0in 0in .0001pt .25in;text-autospace:none;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out all the acts specifically
provided for in the legislation and these Bylaws, and the activities attributed
to him by the Board of Directors.</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The competencies of representation before
technical and administrative bodies and associations granted to the Chief
Officers under this Clause do not exclude the Chief Executive Officer&#146;s
competency of representation, nor the need for obedience to the provisions in
these Bylaws in relation to prior obtaining of authorizations from the
management bodies to contract obligations in the name of the Company.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>As well as the exercise of the attributions
herein specified and demanded by law, each Chief Officer&#146;s Department has the
competency to ensure the cooperation, assistance and support of the other Chief</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">79</font></p>

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

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

<p style="margin:0in 0in .0001pt .9in;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Officer&#146;s Departments in the
areas of their respective competencies, with the aim of success in the greater
objectives and interests of the Company.</font></p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The projects developed by the Company in the
area of the Chief New Business Development Officer&#146;s Department, once
structured and constituted, should be assumed by the respective Chief Officer&#146;s
Departments responsible for their construction, execution, operation and sales,
as defined in these Bylaws.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>It is the competency of each Chief Officer,
within the area of his operation, to arrange for the actions necessary for
compliance with and effective implementation of the work safety policies
approved by the Company.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&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;">CHAPTER V</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;">The Audit Board</font></b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 18:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Audit Board, the inspection body of the
Company, shall function permanently, and shall be chaired by the Chairman of
the Audit Board of the sole stockholder, Cemig, and shall have a total of
between 2 (two) and 4 (four) other sitting members, and their respective
substitute members, all members of the Audit Board of the sole stockholder,
Cemig, elected annually by the sole stockholder, Cemig, and able to be
re-elected.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Chairman of the Audit Board shall call
and conduct the meetings.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In the event of resignation of position,
death or impediment, a member of the Audit Board shall be replaced by his
respective substitute, until the new member is elected, and such member shall
be chosen by the same party that appointed the substitute.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167;3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Remuneration of members of the Company&#146;s
Audit Board who are also members of the management bodies of the sole
stockholder, Cemig, is not allowed.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 19:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The responsibilities and powers of the Audit
Board are set by the Corporate Law.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&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;">CHAPTER VI</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;">The business year</font></b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 20:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The business year shall coincide with the
calendar year, closing on December 31 of each year, when the financial
statements shall be prepared, in accordance with the relevant legislation.
Financial statements may be prepared for periods of six months or shorter periods.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 21</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Prior to the deduction of any sharing in
results, the following shall be deducted from the result for the business year:
retained losses, the provision for income tax, the Social Contribution on Net
Profit and, successively, the profit shares of the employees and the managers.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The net profit ascertained in each business
year shall be allocated as follows:</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>5% (five percent) to the legal reserve, up to
the limit specified by law;</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>50% (fifty percent) distributed as obligatory
dividends to the Sole Stockholder &#150; Cemig, subject to the other terms of these
Bylaws and the applicable legislation; and</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 81.0pt;text-autospace:none;text-indent:-.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the balance, after the retention specified in
a capital expenditure and/or investment budget prepared by the Company&#146;s
management, in obedience to the Company&#146;s Long-term Strategic Plan and the
dividend policy contained therein and duly approved, shall be shall be
distributed to the sole stockholder, Cemig as dividends and/or Interest on
Equity, subject to the availability of free cash.</p>

<p style="margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 22:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Without prejudice to the obligatory dividend,
every two years, starting from the business year of 2005, or more&nbsp;frequently
if the Company&#146;s availability of cash so permits, the Company shall use the
profit reserve specified by sub-clause &#147;c&#148; of Clause 21 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 Long-term
Strategic Plan and the Dividend Policy contained therein.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">80</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">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 23:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Board of Directors may declare interim
dividends, in the form of Interest on Equity, to be applied to the account of
retained earnings, profit reserves or profit ascertained in six-monthly or
interim financial statements.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The amounts paid or credited as Interest on
Equity shall, in accordance with the relevant legislation, be imputed to the
amount of the obligatory dividend or the dividend payable under the Bylaws to
the preferred shares, being for all purposes of law a part of the amount of the
dividends distributed by the Company.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 24:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>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 Executive Board shall
decide the location and processes of payment, subject to these periods.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>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.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 25:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The employees have the right to a share in
the profits or results of the Company, upon the criteria defined by the
Executive Board based on the guidelines approved by the Board of Directors and limits
set by the General Meeting of Stockholders, in accordance with the specific
legislation.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 26:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>It is the competency of the General Meeting
of Stockholders to set, annually, the limits to sharing by the managers in the
profits of the Company, subject to the provisions of the sole sub-paragraph of
Article 190 of Law 6404 of December 15, 1976.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&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;">CHAPTER VII</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;">Responsibilities of the management officers</font></b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 27:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The management officers are responsible to
the Company and to third parties for the actions which they take in the
exercise of their functions, as specified by the law and by these Bylaws.</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 28:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company shall provide to the members of
the Board of Directors, the Audit Board and the Executive Board, defense in
Court and/or administrative proceedings in which they are parties on the
Plaintiff or Defendant side, during or after their periods of office, for
actions or events related to the exercise of their specific functions and which
do not violate legal provisions or the provisions of the Bylaws</p>

<p style="margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The guarantee given in the head paragraph of
this Clause extends to employees who legally carry out actions by delegation
from the Company&#146;s management officers.</p>

<p style="margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company shall contract third-party
liability insurance to cover expenses of proceedings, fees of counsel and
indemnities arising from the legal and administrative proceedings referred to
in the head paragraph of this Clause, upon decision by the Board of Directors.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">81</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

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

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman"><img width="86" height="43" src="g264342kg03i001.jpg"></font></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">CEMIG DISTRIBUI&#199;&#195;O
S.A.</font></b></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">B Y L A W S</font></b></p>

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

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

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">Name,
constitution, objects, head office and duration</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 1:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Cemig Distribui&#231;&#227;o S.A. is a corporation constituted as a
wholly-owned subsidiary of Companhia Energ&#233;tica de Minas Gerais &#150; Cemig, a
corporation with mixed private and public sector stockholdings, and is governed
by these Bylaws and by the applicable legislation.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 2:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The objects of the Company are to study, plan, project, build
and commercially operate systems of distribution and sale of electricity and
related services for which concessions are granted to it under any form of law.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The distribution activities specified in the present
concession contracts of the sole stockholder, Cemig, will be operated directly
by the Company, pursuant to Section 3 of Law 15290 of August 4, 2004.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 2</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Subject to &#167; 1, upon authorization by the National
Electricity Agency, ANEEL, and the Board of Directors of its sole stockholder,
Cemig, the Company may, as minority or majority stockholder, constitute or have
holdings in other companies the objects of which include provision of
electricity distribution services for which concessions have been acquired or
granted after the date of their constitution.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 3:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company shall have its head office and management in the
City of Belo Horizonte, Minas Gerais State, Brazil, at Av. Barbacena 1200, 17th
Floor, A1 Wing, in the District of Santo Agostinho, and may open offices,
representations and any other establishments in or outside Brazil on
authorization by the Executive Board.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 4:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company shall have indeterminate duration.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

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

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

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 5 -</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company&#146;s registered capital <b>is </b>R$ 2,261,997,787.64 (two billion two hundred and sixty one
million nine hundred and ninety seven thousand seven hundred and eight seven
Reais and sixty-four centavos), represented by 2,261,997,787 (two billion two
hundred and sixty one million nine hundred and ninety seven thousand seven
hundred and eight seven) nominal common shares without par value.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Each common share carries the right to a vote in decisions of
General Meetings of Stockholders.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">The General
Meeting of Stockholders</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 6:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Companhia Energ&#233;tica de Minas Gerais &#150; Cemig, as sole
stockholder of the Company, has full powers to make all the business decisions
in relation to the Company&#146;s objects and to adopt what resolutions it deems
necessary for the defense of its interests and its development, and shall meet,
ordinarily, within the first 4 (four) months of the year, for the purposes
specified in law and, extraordinarily, whenever necessary, subject to the
provisions of this clause and the relevant legal rules being obeyed in its
convocation, opening and decisions.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

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

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

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 7:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company shall be managed by a Board of Directors and an
Executive Board, which shall act in conformity with the Corporate Law and with
these Bylaws.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Members of the Company&#146;s Executive Board or Board of
Directors who are also members of the management bodies of the sole
stockholder, Cemig, may not receive remuneration.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt .5in;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">As modified by the Extraordinary General Meeting of
Stockholders of August 23, 2007, adjourned and resumed on September 12 and
October 10, and closed on October 17, 2007.</font></p>

<p align="right" style="color:black;margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;">Cemig General Secretariat
Office &#150; (SG)</font></i></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">82</font></p>

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

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

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

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

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 8:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company&#146;s Board of Directors shall be made up of 14
(fourteen) members and an equal number of substitute members, and one of such
sitting members shall be Chairman, and one Vice-President, and they shall be
elected, and may be dismissed, at any time, by the General Meeting of
Stockholders. Their period of office is 3 (three) years, and they may be
re-elected.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The members of the Board of Directors must, obligatorily, be
the same members of the Board of Directors of the sole stockholder, Cemig.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 9:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Board of Directors shall meet, ordinarily, every 2 (two)
months and, extraordinarily, on convocation by its Chairman, Vice-Chairman, or
by one-third of its members, or when requested by the Executive Board, and its
decisions shall be valid when a majority of its members are present.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The meetings of the Board of Directors shall be called by its
Chairman or its Vice-Chairman, by written advice sent with 5 (five) days&#146;
notice, containing the agenda to be discussed. Meetings of the Board of
Directors called on the basis of urgency may be called by its Chairman without
being subject to the above-mentioned period provided the other members of the
Board are unequivocally aware of the convocation.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 2</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Decisions of the Board of Directors shall be taken by the
majority of the votes of the board members present, and in the event of
equality of votes the Chairman shall have the casting vote.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 10:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Chairman of the Board of Directors has the competency to
grant leave to the Board&#146;s members, and the other members of the Board have the
competency to grant leave to the Chairman.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 11:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Chairman and Vice-Chairman of the Board of Directors
shall, obligatorily, be the Chairman and Vice-Chairman of the Board of
Directors of the Sole Stockholder, Cemig, and the Vice-Chairman shall take the
place of the Chairman when the Chairman is absent or impeded from exercising
his functions.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 12</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">It shall be the responsibility of the Board of Directors, as
well as other matters ascribed to it by law:</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to fix the general orientation of the Company&#146;s business;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to elect or dismiss the Executive Officers of the Company,
subject to these Bylaws;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to decide, prior to the Company entering into them, on
contracts between the Company and any of its stockholders, or companies which
are sole or joint controlling stockholders of any of its stockholders;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to decide, upon proposal by the Executive Board, on disposal
of or placement of a charge on any of the Company&#146;s property, plant or
equipment, and on the giving by the Company of any guarantee to any third
parties of which the individual value is greater than or equal to R$ 5,000,000.00
(five million Reais);</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">e)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to decide, upon proposal put forward by the Executive Board,
on the Company&#146;s capital investment projects, signing of contracts and legal
transactions in general, contracting of loans, financings, or the constitution
of any obligations in the name of the Company, the value of which, individually
or in aggregate, is R$ 5,000,000.00 (five million Reais) or more, including
injections of capital into wholly-owned subsidiaries, jointly-controlled
companies and affiliated companies and the consortia in which it participates;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">f)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to call the General Meeting of Stockholders;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to monitor and inspect the management by the Executive Board,
for which the Board of Directors may at any time examine the books and papers
of the Company, and request information on contracts agreed or in the process
of being agreed, and on any other administrative facts or actions which it
deems to be of interest;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">h)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to state a prior opinion on the report of management and the
accounts of the Company&#146;s Executive Board;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">i)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to choose, annually, and to dismiss, the Company&#146;s auditors,
from among companies with international reputation authorized by the Securities
Commission (CVM) to audit listed companies;</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 90.7pt;text-autospace:none;text-indent:-27.35pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">j)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to authorize, upon a proposal by the Executive Board, the
start of administrative proceedings for competitive bids, and proceedings for
dispensation from and non-requirement of bids, and the </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">83</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='83',FILE='C:\JMS\srangan\07-26434-2\task2516321\26434-2-kg-03.htm',USER='105349',CD='Nov  9 23:04 2007' -->


<br clear="all" style="page-break-before:always;">


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

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

<p style="color:black;margin:0in 0in .0001pt 89.3pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">corresponding contracts, in amounts greater than or
equal to R$ 5,000,000.00 (five million Reais);</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">l)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to authorize, upon proposal by the Executive Board, the
filing of legal actions, administrative proceedings and entering into Court or
out-of-court agreements in the amount of R$ 5,000,000.00 (five million Reais)
or more;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">m)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to authorize the issue of securities, in the domestic or
external markets, for the raising of funds, in the form of debentures,
promissory notes, medium-term notes and other instruments;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">n)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to approve the Company&#146;s Long-term Strategic Plan, Multi-year
Strategic Implementation Plan, and Annual Budget, and any alterations or
revisions thereto;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">o)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to set the directives and establish limits, including
financial limits, for spending on personnel, including concession of benefits
and collective work agreements, subject to the competency of the General
Meeting of Stockholders and the Annual Budget approved;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">p)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to authorize the exercise of the right of preference under
stockholders&#146; agreements or to vote in wholly-owned subsidiaries,
jointly-controlled companies, affiliated companies and the consortia in which
the Company participates;.</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">q)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to approve the declarations of vote in the General Meetings
of Stockholders and the orientations for voting in the meetings of the Boards
of Directors of the wholly-owned subsidiaries, jointly-controlled companies,
affiliated companies and the consortia in which the Company participates, when
participation in the capital of other companies or consortia is involved, and
the decisions must, in any event and not only in matters relating to
participation in the capital of other companies or consortia, obey the
provisions of these Bylaws, the Long-term Strategic Plan and the Multi-year
Strategic Implementation Plan.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company&#146;s Long-Term Strategic Plan should contain the
long-term strategic planning, grounds, targets, objectives and results to be
pursued and achieved by the Company and its dividend policy, on which the
plans, projections, activities, strategies, capital expenditure and expenses
will be based that are to be incorporated in the multi-year Strategic
Implementation Plan and the Annual Budget prepared and approved in accordance
with these Bylaws.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 2</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Board of Directors, by specific resolutions, may delegate
the power to authorize agreement of contracts for sales of electricity and for
provision of distribution services to the Executive Board, in accordance with
the legislation.</font></p>

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

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

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

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 13</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Executive Board shall be made up of 8 (eight) Executive
Officers, who may be stockholders, resident in Brazil, namely: the Chief
Executive Officer, the Executive Vice-Chairman, the Chief Officer for Finance,
Investor Relations and Control of Holdings, the Chief Corporate Management
Officer, the Chief Energy Distribution and Sales Officer, the Chief Trading
Officer, the Chief New Business Officer and a Chief Officer without Specific
Designation, all elected and able to be dismissed at any time by General
Meeting of the Sole Stockholder &#150; Cemig, with period of office of 3 (three)
years, re-election being permitted. The period of office of the Chief Officers
shall extend up to the new Chief Officers elected being sworn in.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The members of the Executive Board shall, obligatorily, be
the respective members of the Executive Board of the sole stockholder, Cemig,
and the post of Executive Officer without Specific Designation shall be
occupied, also obligatorily, by the Chief Energy Generation and Transmission
Officer of the sole stockholder, Cemig.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 14:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">In the event of absence, leave, or resignation of the Chief
Executive Officer or of the post of Chief Executive Officer being vacant, this
post shall be exercised by the Executive Vice-Chairman, for as long as the
period of absence or leave &#150; or, in the event of vacancy, the impediment or
resignation &#150; lasts, until the post is filled by the Board of Directors.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">In the event of absence, leave, resignation or vacancy of any
of the other members of the Executive Board, the Executive Board may by a
majority vote attribute the exercise of the respective functions to another
Executive Officer, for as long as the period of absence or leave &#150; or, in the
event of vacancy, the impediment or resignation &#150; lasts, until the post is
filled by the Board of Directors.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">84</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 2</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">A Chief Executive Officer or a member of the Executive Board
elected in the way described in this clause shall hold the position for the
remaining time of the period of office of the Executive Officer who is
substituted.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 15:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Executive Board shall meet, ordinarily, at least 2 (two)
times per month and, extraordinarily, whenever called by the Chief Executive
Officer or by 2 (two) Executive Officers with prior notice of at least 2 (two)
days, but this notice shall not be necessary if all the Executive Officers are
present. The decisions of the Executive Board shall be taken by a vote of the
majority of its members, and in the event of a tie the Chief Executive Officer
shall have a casting vote. </font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 16:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Executive Board is responsible for the current management
of the Company&#146;s business, subject to the Company&#146;s Multi-year Strategic
Implementation Plan and the Annual Budget, prepared and approved in accordance
with these Bylaws.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company&#146;s Multi-year Strategic Implementation Plan shall
contain the plans and projections for a period of 5 (five) financial years, and
must be updated at least once a year, and shall deal with the following
subjects, among others:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">the Company&#146;s strategies and actions, including any project
related to its objects;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">the new investments and business opportunities, including
those of the Company&#146;s wholly-owned subsidiaries, jointly-controlled companies,
and affiliates, and the consortia in which it participates;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">the amounts to be invested or in any other way contributed
from the Company&#146;s own funds or funds of third parties;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">the rates of return and profits to be obtained or generated
by the Company.</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167;2</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company&#146;s Annual Budget shall reflect the Company&#146;s
Multi-year Strategic Implementation Plan and must give details of operational
revenue and expenses, costs and capital expenditure, cash flow, the amount to
be allocated to the payment of dividends, investments from the Company&#146;s own
funds or funds of third parties, and any other data that the Executive Board
considers to be necessary.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 3</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company&#146;s Multi-year Strategic Plan and the Annual Budget
shall be prepared and updated annually, by the end of each business year, to be
in effect in the following business year. Both shall be prepared, based on the
Company&#146;s Long-Term Strategic Plan, in coordination with the Chief Officer for
Finance, Investor Relations and Control of Holdings, and submitted to
examination by the Executive Board, and, subsequently, for approval by the
Board of Directors.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167;4</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The following decisions shall require a vote by the Executive
Board:</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">approval of the plan of organization of the Company and
issuance of the corresponding rules and any changes to them;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">examination and submission to the Board of Directors, for
approval, of the Company&#146;s Multi-year Strategic Implementation Plan, and
revisions of it, including timetables, amount and allocation of the capital
expenditure specified in it;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">examination and submission to the Board of Directors, for
approval, of the Annual Budget, which must reflect the Multi-Year Strategic
Implementation Plan then in force, and any revisions thereto;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">decision on re-managing of investments or expenses specified
in the Annual Budget which individually or in aggregate, in a single financial
year, amount to less than R$ 5,000,000.00 (five million Reais) with consequent
re-adaptation of the targets approved, obeying the multi-year Strategic
Implementation Plan and the Annual Budget approved;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">e)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">approval of disposal of or placement of a charge upon any of
the Company&#146;s property, plant or equipment, and the giving of guarantees to
third parties, in amounts less than R$ 5,000,000.00 (five million Reais);</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">f)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">authorization of the Company&#146;s capital expenditure projects,
signing of agreements and legal transactions in general, contracting of loans
and financings, or constitution of an obligation in the name of the Company,
based on the Annual Budget approved, such as individually or in aggregate have
values less than R$ 5,000,000.00 (five million Reais), including the injection
of capital into wholly-owned subsidiaries, jointly-controlled companies,
affiliated companies, and the consortia in which the Company participates,
subject to the provisions of sub-clause &#145;p&#146; of sub-item IV of Clause 17; </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">85</font></p>

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

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">approval, upon proposal by the Chief Executive Officer,
jointly with the Chief Officer for Finance, Investor Relations and Control of
Holdings, of statements of vote in the General Meetings of Stockholders and the
meetings of the Boards of Directors of the wholly-owned subsidiaries,
jointly-controlled companies, affiliated companies and the consortia in which
the Company participates, and the decisions must obey the provisions of the
Bylaws, the decisions of the Board of the Directors, the Long-term Strategic
Plan and the Multi-year Strategic Implementation Plan;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">h)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">authorization to initiate administrative tender proceedings
and proceedings for exemption from or non-requirement for tenders, and the
corresponding contracts, in amounts greater than or equal to R$ 1,000,000.00
(one million Reais) and less than R$ 5,000,000.00 (five million Reais);</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">i)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">authorization to file legal actions and administrative
proceedings, and to enter into Court and out-of-court settlements for amounts
less than R$ 5,000,000.00 (five million Reais);</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">j)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">authorization of provisions in the Company&#146;s accounts, of any
value, on proposal from the Chief Officer for Finance, Investor Relations and
Control of Holdings;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">l)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">approval of the nominations of employees to hold management
posts in the Company, upon proposal by the Chief Officer concerned, subject to
the provisions of sub-clause &#147;h&#148; of sub-item I of Clause 17;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">m)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">authorization of expenditure on personnel expenses and
collective work agreements, subject to the competency of the General Meeting of
Stockholders, the directives and the limits approved by the Board of Directors
and the Annual Budget approved.</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 5</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Actions necessary for the regular functioning of the Company,
signing of contracts, and other legal transactions, shall be effected by the
Chief Executive Officer, jointly with one Executive Officer, or with a person
holding a valid power of attorney.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 6</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Powers of attorney must be granted by the Chief Executive
Officer, jointly with an Executive Officer, except for the power described in
sub-clause &#147;c&#148; of Sub-item I of Clause 17, for which only the signature of the
Chief Executive Officer is required. </font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.65pt;text-autospace:none;text-indent:-62.65pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 17</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Subject to the provisions of the previous clauses, the
following are the functions and powers attributed to the Executive Board:</font></p>

<p style="margin:0in 0in .0001pt;"><font size="1" face="Times New Roman" style="font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-33.1pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">I &#150;</font></b><b><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-weight:bold;">To the Chief Executive Officer:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 13.0pt;text-autospace:none;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to oversee and direct the work of the Company;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to supervise the preparation and implementation of the
Multi-year Strategic Implementation Plan and to develop the strategies and
actions approved;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to represent the Company in the Courts, actively and
passively;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to sign, jointly with one of the Executive Officers,
documents which bind the Company;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">e)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to present the annual report of the Company&#146;s business to the
Board of Directors and to the Ordinary General Meeting of Stockholders;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">f)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to hire and dismiss the Company&#146;s personnel;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to manage and direct the activities of Internal Audits and
Institutional Relationships, legal, communication and representation
activities, the General Secretariat and the function of the Company&#146;s
Ombudsman;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">h)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to propose to the Executive Board for approval, jointly with
the Chief Officer to whom the employee is linked, the nominations for posts of
Superintendent of the Company;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">i)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to propose appointments for positions of management and on
the Audit Boards of the Company&#146;s wholly-owned subsidiaries, jointly-controlled
companies and affiliated companies, and Forluz (Funda&#231;&#227;o Forluminas de
Seguridade Social), after hearing the opinion of the Chief Officer for Finance,
Investor Relations and Control of Holdings.</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.65pt;text-autospace:none;text-indent:-35.3pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">II &#150;</font></b><b><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-weight:bold;">To the Executive Vice-Chairman:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 13.0pt;text-autospace:none;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to substitute the Chief Executive Officer if he is absent, on
leave, impeded from exercising his functions, or has resigned or his post is
vacant;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to propose improvement of the Company&#146;s social responsibility
and sustainability policies;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="1" color="black" face="Times New Roman" style="color:windowtext;font-size:9.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to set the policies and guidelines for the environment,
technological development, alternative energy sources and technical
standardization;</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">86</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='86',FILE='C:\JMS\srangan\07-26434-2\task2516321\26434-2-kg-03.htm',USER='105349',CD='Nov  9 23:04 2007' -->


<br clear="all" style="page-break-before:always;">


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

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to co-ordinate the Company&#146;s strategy for operations in
relation to the environment, technological processes and strategic management
of technology;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">e)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to coordinate and put in place the maintenance of the Company&#146;s
quality control systems;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">f)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to promote implementation of programs for the Company&#146;s
technological development;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to monitor the management of plans for compliance with the
guidelines for the environment, technology and improvement of quality.</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.65pt;text-autospace:none;text-indent:-37.45pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">III &#150;</font></b><b><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-weight:bold;">To the Chief Officer for Finance, Investor
Relations and Control of Holdings:</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to make available the financial resources necessary for the
operation and expansion of the Company, in accordance with the Annual Budget,
conducting the processes of contracting of loans and financings, and related
services;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to co-ordinate the preparation and consolidation, with the
participation of all the Chief Officers, of the Company&#146;s Multi-year Strategic
Implementation Plan and Annual Budget;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to arrange for economic and financial valuation of the
Company&#146;s capital expenditure investment projects, except those that are the
responsibility of the Chief New Business Development Officer;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to accompany the performance of the execution of investment
projects, according to targets and results approved by the Management;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">e)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to carry out the accounting of, and to control, the Company&#146;s
economic-financial transactions;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">f)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to determine the cost of the service and to establish an
insurance policy, as laid out in the Company&#146;s Multi-year Strategic
Implementation Plan;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to prepare the short-, medium- and long-term financial
programming in detail, as specified in the Company&#146;s Multi-year Strategic
Implementation Plan and Annual Budget;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">h)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to control the Company&#146;s registered capital, decide policy
for its shares and for corporate governance, and to suggest dividend policy;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">i)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to coordinate the preparation and negotiation of the tariffs
for retail supply and distribution of electricity with the National Electricity
Agency, Aneel;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">j)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to be responsible for the provision of information to the
investing public, to the Securities Commission (CVM) and to the Brazilian and
international stock exchanges or over-the-counter markets, and the
corresponding regulation and inspection entities, and to keep the Company&#146;s
registrations with these institutions updated;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">l)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to represent the Company to the CVM, stock exchanges and
other entities of the capital markets;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">m)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to arrange for the financial and corporate management of the
Company&#146;s holdings in the wholly-owned subsidiaries, subsidiaries and
affiliates, within the criteria of good corporate governance and making
continual efforts for compliance with their business plans, subject to the
provisions of these Bylaws;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">n)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to propose to the Executive Board, for approval or submission
to the Board of Directors or to the General Meeting of Stockholders, depending
on the competency defined in these Bylaws, injections of capital, exercise of
the right of preference and the making of voting agreements in the wholly-owned
subsidiaries, jointly-controlled companies and affiliated companies and in the
consortia in which the Company participates;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">o)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to take part in negotiations that involve the constitution or
alteration of corporate documents of the holdings referred to in the previous
sub-clause;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">p)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to coordinate the processes of sale of stockholdings owned by
the Company, by its wholly-owned subsidiaries, jointly-controlled companies and
affiliated companies, upon prior legislative authorization and approval by the
Board of Directors.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 62.65pt;text-autospace:none;text-indent:-35.3pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">IV &#150;</font></b><b><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-weight:bold;">To the Chief Corporate Management Officer:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 13.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to ensure the provision of appropriate personnel to the
Company;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to decide the Company&#146;s human resources policy and to orient
and promote its application;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to orient and conduct activities related to organizational
studies and their documentation;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to decide, conduct and supervise the Company&#146;s
telecommunications and information technology policy; </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">87</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='87',FILE='C:\JMS\srangan\07-26434-2\task2516321\26434-2-kg-03.htm',USER='105349',CD='Nov  9 23:04 2007' -->


<br clear="all" style="page-break-before:always;">


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

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">e)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to plan, put in place and maintain the Company&#146;s
telecommunications and information technology systems;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">f)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to decide policies and rules on support services such as
transport, administrative communication, security guards, and provision of
adequate quality in the workplace for the Company&#146;s personnel;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to provide the Company with infrastructure and administrative
support resources and services;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">h)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to coordinate the policies, processes and means of property
security, work safety and security guarding approved by the Company;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">i)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to carry out the negotiations of collective work agreements,
in accordance with the guidelines and limits approved by the Board of
Directors, submitting the proposals negotiated for approval by the Executive
Board;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">j)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to manage the process of contracting of works and services
and of acquisition and disposal of materials and real estate property;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">l)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to effect quality control of the material acquired and of the
qualification of contracted service providers;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">m)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to administer and control the stock of material, separation
and recovery of used material, and to carry out sales of excess and unusable
material, and scrap;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">n)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to arrange for and implement programs to increase, develop, perfect
and continually improve suppliers of materials and services of interest to the
Company, alone or in cooperation with other Chief Officers&#146; Departments or
development agencies and industry associations, in the ambit of the State of
Minas Gerais;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">o)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to conduct corporate management programs and environmental
actions within the scope of this Department;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">p)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to authorize initiation of administrative tender proceedings
and proceedings for exemption or non-requirement for tenders, and the
corresponding contracts, in amounts up to R$ 1,000,000.00 (one million Reais);</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">q)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to propose to the Chief Executive Officer, for submission to
the Executive Board for approval, from among the employees of the Company,
appointments for the positions of sitting and substitute members of the
Integrated Pro-Health Administration Committee;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">r)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to propose to the Chief Executive Officer, for submission to
the Executive Board for approval, from among the employees of the Company,
appointments of employees to the Union Negotiation Committee, and also the
appointment of its coordinator;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">s)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to present to the Executive Board the assessments received
from a leadership succession development program put in place by the Company,
for the purpose of assisting the Executive Board in making its decisions on
appointments of employees to management posts.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-33.1pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">V &#150;</font></b><b><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-weight:bold;">To the Chief Distribution and Sales Officer:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 13.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to make continuous efforts on behalf of the quality of supply
of energy to consumers that are directly linked to the Company&#146;s distribution
systems;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to prepare the planning of the Company&#146;s distribution system;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to manage the implementation of the distribution facilities,
including preparation and execution of projects, construction and assembly;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to operate and maintain the Company&#146;s systems of distribution
and the associated systems of supervision and long-distance control;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">e)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to manage the Company&#146;s Work Safety Policy within the scope
of its activities;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">f)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to formulate and implement the policies for service to
consumers served by this Department;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to develop programs and actions with captive consumers with
demand lower than 500 kW, with a view to the most efficient use of electricity;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">h)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to establish commercial relationships with and coordinate the
sale of electricity and services to captive consumers with demand lower than
500 kW;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">i)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to carry out environmental programs and actions within the
scope of this Chief Officer&#146;s Department; </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">88</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='88',FILE='C:\JMS\srangan\07-26434-2\task2516321\26434-2-kg-03.htm',USER='105349',CD='Nov  9 23:04 2007' -->


<br clear="all" style="page-break-before:always;">


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

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">j)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to represent the Company in the Brazilian Electricity
Distributors&#146; Association (Abradee) and with other entities of the distribution
sector;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">l)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to ensure the physical security of the distribution
facilities, establishing policies and guidelines and managing the asset
security of these facilities;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">m)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to seek continuous improvement of the processes of operation
and maintenance, through the use of new technologies and methods that aim for
improvement of quality and reduction of the cost of those activities.</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.65pt;text-autospace:none;text-indent:-35.3pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">VI &#150;</font></b><b><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-weight:bold;">To the Chief Trading Officer:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 13.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to carry out research, studies, analyses and projections of
interest to the Company;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to coordinate the planning and execution of the purchase of
electricity to serve the Company&#146;s market;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to coordinate the purchase and sale of electricity in its
different forms and modalities, including importation, exportation and holdings
in all the segments of markets specialized in energy;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to represent the Company in the Electricity Trading Chamber
(CCEE), taking responsibility for the transactions carried out in the ambit of
the chamber, and to represent the Company in relations with the other entities
trading electricity;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">e)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to coordinate the establishment of the prices for purchase
and sale of electricity, and to propose them to the Executive Board for
approval;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">f)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to establish commercial relations with and coordinate sales
of electricity and services to individual consumers or groups of consumers
served at voltages greater than or equal to 2.3kV and contracted demand greater
than or equal to 500kW, and also business groups;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to identify, measure and manage the risks associated with the
trading of electricity;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">h)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to negotiate and manage the commercial transactions involved
in transport and connection of any party accessing the distribution system;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">i)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to negotiate and manage the Contracts for Use of the
Transmission System with the National System Operator (ONS) and for connection
to the Distribution System with the transmission companies;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">j)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to manage, in coordination with the Chief New Business
Development Officer, the trading of the Company&#146;s carbon credits.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 62.65pt;text-autospace:none;text-indent:-37.45pt;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">VII &#150;</font></b><b><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-weight:bold;">To the Chief New Business Development
Officer:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 13.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to arrange prospecting, analysis and development of new
business of the Company in the areas of generation, transmission and distribution
of electricity, transport and gas distribution, and also in other activities
directly or indirectly related to the Company&#146;s objects;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to arrange for technical, economic-financial, and
environmental feasibility studies of new business projects for the Company, in
coordination with the Chief Officers&#146; Departments related to the said
businesses;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to coordinate negotiations and implement partnerships,
consortia, special-purpose companies and other forms of association with public
or private companies such as are necessary for the development of new business,
and also the negotiation of contracts and corporate documents for these
projects;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">d)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to coordinate the participation of the Company in tender
proceedings for obtaining grants of concessions in all the areas of its
operations;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">e)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to coordinate, evaluate and structure the opportunities for
acquisition of new assets in the electricity sector and the sector of transport
and distribution of gas;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">f)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to arrange for prospecting and analysis, within the Company,
of business opportunities related to the use of carbon credits;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">g)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to consolidate the planning of expansion of the generation,
transmission and distribution systems;</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">h)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to consolidate the Company&#146;s Program for Capital Investment
in generation, transmission and distribution; </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">89</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


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

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">i)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to represent the Company in relations with the entities for
planning of expansion of the electricity sector in its areas of operation;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">j)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to carry out environmental programs and actions within the
area related to this Chief Officer&#146;s Department;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">l)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to accompany, within the Company, the energy planning of the
State of Minas Gerais.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 62.65pt;text-autospace:none;text-indent:-.55in;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">VIII &#150;</font></b><b><font size="1" color="black" style="color:windowtext;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font size="2" color="black" style="color:windowtext;font-size:10.0pt;font-weight:bold;">To the Chief Officer without specific
designation:</font></b></p>

<p style="color:black;margin:0in 0in .0001pt 13.0pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">to carry out all the acts specifically provided for in the
legislation and these Bylaws, and the activities attributed to him by the Board
of Directors.</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The competencies of representation before technical and
administrative bodies and associations granted to the Chief Officers under this
Clause do not exclude the Chief Executive Officer&#146;s competency of
representation, nor the need for obedience to the provisions in these Bylaws in
relation to prior obtaining of authorizations from the management bodies to
contract obligations in the name of the Company.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 2</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">As well as the exercise of the attributions herein specified
and demanded by law, each Chief Officer&#146;s Department has the competency to
ensure the cooperation, assistance and support of the other Chief Officer&#146;s
Departments in the areas of their respective competencies, with the aim of
success in the greater objectives and interests of the Company.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 3</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The projects developed by the Company in the area of the
Chief New Business Development Officer&#146;s Department, once structured and
constituted, should be assumed by the respective Chief Officer&#146;s Departments
responsible for their construction, execution, operation and sales, as defined
in these Bylaws.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 4</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">It is the competency of each Chief Officer, within the area
of his operation, to arrange for the actions necessary for compliance with and
effective implementation of the work safety policies approved by the Company.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&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;">CHAPTER V</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;">The Audit Board</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 18:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Audit Board, the inspection body of the Company, shall
function permanently, and shall be chaired by the Chairman of the Audit Board
of the sole stockholder, Cemig, and shall have a total of between 2 (two) and 4
(four) other sitting members, and their respective substitute members, all
members of the Audit Board of the sole stockholder, Cemig, elected annually by
the sole stockholder, Cemig, and able to be re-elected.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167;1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Chairman of the Audit Board shall call and conduct the
meetings.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167;2</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">In the event of resignation of position, death or impediment,
a member of the Audit Board shall be replaced by his respective substitute,
until the new member is elected, and such member shall be chosen by the same
party that appointed the substitute.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167;3</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Remuneration of members of the Company&#146;s Audit Board who are
also members of the management bodies of the sole stockholder, Cemig, is not
allowed.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause19:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The responsibilities and powers of the Audit Board are those
set by the Corporate Law.</font></p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&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;">CHAPTER VI</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;">The business year</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 20:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The business year shall coincide with the calendar year,
closing on December 31 of each year, when the financial statements shall be
prepared, in accordance with the relevant legislation. Financial statements may
be prepared for periods of six months or shorter periods.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 21</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Prior to the deduction of any sharing in results, the
following shall be deducted from the result for the business year: retained
losses, the provision for income tax, the Social Contribution on Net Profit
and, successively, the profit shares of the employees and the managers.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The net profit ascertained in each business year shall be
allocated as follows:</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">5% (five percent) to the legal reserve, up to the limit
specified by law; </font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">90</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

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

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">50% (fifty per cent), at least, shall be distributed as
obligatory dividends, to the Sole Stockholder &#150; Cemig, subject to the other
terms of these Bylaws and the applicable legislation; and</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 1.25in;text-autospace:none;text-indent:-27.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">c)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">the balance, after retention of the amounts destined for the
capital expenditure planned in a capital budget and/or capital expenditure
budget prepared in accordance with the Company&#146;s Long-Term Strategic Plan and
approved by the Board of Directors of the sole stockholder, Cemig, shall be
distributed to the sole stockholder, Cemig as dividends and/or Interest on
Equity, subject to the availability of free cash.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 22:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Without prejudice to the obligatory dividend, every two
years, starting from the business year of 2005, or more&nbsp;frequently if the
Company&#146;s availability of cash so permits, the Company shall use the profit
reserve specified by sub-clause &#147;c&#148; of Clause 21 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 Long-term Strategic
Plan and the Dividend Policy contained therein.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 23:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Board of Directors may declare interim dividends, in the
form of Interest on Equity, to be applied to the account of retained earnings,
profit reserves or profit ascertained in six-monthly or interim financial
statements.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The amounts paid or credited as Interest on Equity shall, in
accordance with the relevant legislation, be imputed to the amount of the
obligatory dividend or the dividend payable under the Bylaws to the preferred
shares, being for all purposes of law a part of the amount of the dividends
distributed by the Company.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 24:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The dividends declared, whether obligatory or extraordinary,
shall be paid in 2 (two) equal installments, the first by 30&nbsp;June and the
second by 30 December of each year, and the Executive Board shall decide the
location and processes of payment, subject to these periods.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">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.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 25</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The employees have the right to a share in the profits or
results of the Company, upon the criteria defined by the Executive Board based
on the guidelines approved by the Board of Directors and limits set by the
General Meeting of Stockholders, in accordance with the specific legislation.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 26</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">It is the competency of the General Meeting of Stockholders
to set, annually, the limits to sharing by the managers in the profits of the
Company, subject to the provisions of the sole sub-paragraph of Article 190 of
Law 6404 of December 15, 1976.</font></p>

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

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">Responsibilities
of the management officers</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 27</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The management officers are responsible to the Company and to
third parties for the actions which they take in the exercise of their
functions, as specified by the law and by these Bylaws.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 28</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company shall provide to the members of the Board of
Directors, the Audit Board and the Executive Board, defense in Court and/or
administrative proceedings in which they are parties on the Plaintiff or
Defendant side, during or after their periods of office, for actions or events
related to the exercise of their specific functions and which do not violate
legal provisions or the provisions of the Bylaws.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The guarantee given in the head paragraph of this Clause
extends to employees who legally carry out actions by delegation from the
Company&#146;s management officers.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 2</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company shall contract third-party liability insurance to
cover expenses of proceedings, fees of counsel and indemnities arising from the
legal and administrative proceedings referred to in the head paragraph of this
Clause, upon decision by the Board of Directors.</font></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">91</font></p>

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

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

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

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

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

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

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

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

<p align="center" style="color:black;margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><b><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-weight:bold;">Name,
constitution, objects, head office and duration</font></b></p>

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

<p style="color:black;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 1:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Companhia Energ&#233;tica de Minas Gerais &#150; Cemig, constituted on
22 May 1952 as a corporation with mixed private and public sector
stockholdings, is governed by these Bylaws and by the applicable legislation,
and its objects are: to build, operate and carry out commercial transactions
with systems of generation, transmission, distribution and sale of electricity,
and related services; to operate in the various fields of energy, from whatever
source, 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.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The activities specified in this Clause may be exercised
directly by Cemig or, as intermediary, by companies constituted by it or in
which it may hold a majority or minority stockholding interest, upon decision
by the Board of Directors, under State Laws 828 of December 14, 1951, 8655 of
September 18, 1984 and 15290 of August 4, 2004.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 2</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The State of Minas Gerais is guaranteed participation in the
decisions of the wholly-owned subsidiaries and companies controlled by the
Company, so as to preserve its condition of controlling stockholder, in
accordance with the Constitution of the State of Minas Gerais and the
legislation in force.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 2:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company shall have its head office and management in Belo
Horizonte, capital city of the state of Minas Gerais, Brazil, and may open
offices, representations and any other establishments in or outside Brazil on
authorization by the Executive Board.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 3:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company shall have indeterminate duration.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

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

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

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

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 4:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Company&#146;s registered capital is R$ 2,432,307,280.00 (two
billion, four hundred and thirty two million, three hundred and seven thousand,
two hundred and eighty Reais), represented by:</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">212,622,503 (two hundred and twelve million, six hundred and
twenty-two thousand, five hundred and three) nominal common shares each with
nominal value of R$ 50.00; and</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">273,838,953 (two hundred and seventy three million, eight
hundred and thirty eight thousand, nine hundred and fifty three) nominal
preferred shares with nominal value R$ 50.00 each.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The right to vote shall be reserved exclusively for the
common shares, and each common share shall have the right to one vote in
decisions of General Meetings of Stockholders.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 5:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The preferred shares shall have right of preference in the
event of reimbursement of shares and shall have the right to a minimum annual
dividend of the greater of the following amounts:</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">a)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">10% (ten percent) of their par value; or</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">b)</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">3% (three percent) of the value of stockholders&#146; equity
corresponding to the shares.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 6:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The common shares and the preferred shares shall have equal
rights to distribution of bonuses.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">Capitalization of monetary adjustment to the value of the
registered capital shall require a decision by the General Meeting of
Stockholders, but shall be obligatory when the limit specified in Section 297
of Law 6404 of 15 December 1976 has been reached.</font></p>

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 7:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">In any business year in which the Company does not obtain
sufficient profit to pay dividends to its stockholders, the State of Minas
Gerais will guarantee to the shares issued by the Company up to August 5, 2004
and held by individual persons a minimum dividend of 6% (six percent) per year,
in accordance with Clause 9 of State Law 828 of 14&nbsp;December 1951, and
State Law 15290 of 4 August 2004.</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Clause 8:</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The State of Minas Gerais shall at all times obligatorily be
the owner of the majority of the shares carrying the right to vote, and the
capital subscribed by it shall be paid in in accordance with the legislation
from time to time in force. The capital subscribed by other parties, whether
individuals or</font></p>

<p style="color:black;margin:0in 0in .0001pt 63.0pt;text-autospace:none;text-indent:-63.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&nbsp;</font></p>

<p style="color:black;margin:0in 0in .0001pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">Bylaws &#150; as altered by the Extraordinary General Meeting of
Stockholders of October 17, 2007.</font></p>

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

<p align="right" style="color:black;margin:0in 0in .0001pt;text-align:right;text-autospace:none;"><i><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;font-style:italic;">Cemig General
Secretariat Office &#150; (SG)</font></i></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">92</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


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

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

<p style="color:black;margin:0in 0in .0001pt 62.65pt;text-autospace:none;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">legal entities, shall be paid in as specified by the
General Meeting of Stockholders which decides on the subject.</font></p>

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

<p style="color:black;margin:0in 0in .0001pt 62.0pt;text-autospace:none;text-indent:-40.0pt;"><font size="2" color="black" face="Times New Roman" style="color:windowtext;font-size:10.0pt;">&#167; 1</font><font size="1" color="black" style="color:windowtext;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" color="black" style="color:windowtext;font-size:10.0pt;">The Executive Board may, in order to obey a decision by a
General Meeting of Stockholders, suspend the services of transfer and registry
of shares, subject to the legislation from time to time in force.</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Stockholders shall have the right of
preference in subscription of increases of capital and in the issue of the
Company&#146;s securities, in accordance with the applicable legislation. There
shall, however, be no right of preference when the increase in the registered
capital is paid with funds arising from tax incentive systems, subject to the
terms of the sole sub-paragraph of Section 172 of Law 6404 of 15 December 1976.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&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;">CHAPTER III</font></b></p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">The General Meeting of Stockholders</font></b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 9:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The General Meeting of Stockholders shall be
held, 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.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The stockholder may be represented in General
Meetings of Stockholders in the manner specified in Section 126 of Law 6404, as
amended, by showing at the time of the meeting, or by previously depositing at
the Company&#146;s head office, proof of ownership of the shares, issued by the depositary
financial institution, accompanied by the proxy&#146;s identity document and a power
of attorney with special powers.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 10:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The ordinary or extraordinary General Meeting
of Stockholders shall be chaired by a stockholder elected by the General Meeting
from among those present, who shall choose one or more secretaries.</p>

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

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

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

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 11:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Management of the Company shall be exercised
by a Board of Directors and an Executive Board.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The structure and composition of the Board of
Directors and the Executive Board of the Company shall be identical in the
wholly-owned subsidiaries Cemig Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e
Transmiss&#227;o S.A., with the exception that only the wholly-owned subsidiaries of
Cemig Distribui&#231;&#227;o S.A. shall have a Chief Distribution Sales Officer, and only
Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A. shall have a Chief Generation and Transmission
Officer.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Board of Directors and the Executive
Board, in the management of the Company, the wholly-owned subsidiaries Cemig
Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A., and of the other
wholly-owned subsidiaries, jointly-controlled companies and affiliates, and of
the consortia in which it directly or indirectly participates, must obey the
provisions of the Company&#146;s Long-term Strategic Plan, especially the dividend
policy therein stated, as approved by the Board of Directors.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Strategic Plan shall contain the
long-term strategic planning, bases, targets, objectives and results to be
followed and achieved by the Company and its dividend policy, and must obey the
commitments and requirements specified in &#167;5 below.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Long-term Strategic Plan shall be revised
annually by the Executive Board and approved by the Board of Directors and
shall be reflected in all the plans, projections, activities, strategies,
investments and expenses of the Company and its wholly-owned subsidiaries,
jointly-controlled companies and affiliated companies and the consortia in
which it directly or indirectly participates, including the multi-year
Strategic Implementation Plan and the Annual Budget, which must be approved by
the Board of Directors.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 5</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In managing the Company and in the exercise
of the right to vote in wholly-owned subsidiaries, jointly-controlled companies,
affiliated companies and consortia, the Board of Directors and the Executive
Board shall faithfully obey and comply with the following targets:</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to
keep the Company&#146;s consolidated indebtedness equal to or less than 2 (two)
times the Company&#146;s Ebitda (earnings before interest, taxes, depreciation and
amortization);</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to limit the consolidated ratio Net debt /
(Net debt + Stockholders&#146; equity) to 40% (forty per cent);</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">93</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to limit the consolidated balance of funds
recognized in Current assets, for the purposes of Clause 30 of these Bylaws or
otherwise, to the equivalent of a maximum of 5% (five per cent) of the Company&#146;s
Ebitda (earnings before interest, taxes, depreciation and amortization)</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to limit the consolidated amount of funds
destined to capital expenditure and the acquisition of any assets, in each
business year, to the equivalent of a maximum of 40% (forty per cent) of the
Company&#146;s Ebitda (Earnings before interest, taxes, depreciation and
amortization);</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to invest only in distribution, generation
and transmission projects which offer real minimum internal rates of return
equal to or more than those specified in the Company&#146;s Long-term Strategic
Plan, subject to the legal obligations;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to maintain the expenses of the wholly-owned
subsidiary Cemig Distribui&#231;&#227;o S.A. and of any subsidiary which operates in
distribution of electricity at amounts not greater than the amounts recognized
in the tariff adjustments and reviews;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to maintain the revenues of the wholly-owned
subsidiary Cemig Distribui&#231;&#227;o S.A. and those of any subsidiary which operates
in distribution at the amounts recognized in the tariff adjustments and
reviews.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 6</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The targets specified in &#167; 5 above shall be
calculated on the consolidated basis, including the Company and its permanent
investments in the wholly-owned subsidiaries Cemig Distribui&#231;&#227;o S.A. and Cemig
Gera&#231;&#227;o e Transmiss&#227;o S.A., and in jointly-controlled companies, affiliated
companies and consortia.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 7</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The targets established in sub-clauses &#147;a&#148;, &#147;b&#148;,
&#147;c&#148; and &#147;d&#148; of &#167; 5 above may be exceeded for reasons related to temporarily
prevailing conditions, upon justification, with grounds, and prior specific
approval by the Board of Directors, up to the following limits:</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the Company&#146;s consolidated debt to be less
than or equal to 2.5 (two point five) times the Company&#146;s Ebitda (Earnings
before interest, taxes, depreciation and amortization);</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the consolidated ratio of Net debt / (Net
debt + Stockholders&#146; equity) to be limited to 50% (fifty per cent);</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the consolidated balance of the funds
recognized in Current assets, for the purposes of Clause 30 of these Bylaws or
otherwise, to be the equivalent of a maximum of 10% (ten per cent) of the
Company&#146;s Ebitda (Earnings before interest, taxes, depreciation and
amortization);</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the consolidated amount of the funds
allocated to capital expenditure and to the acquisition of any assets, only in
the business years of 2006 and 2007, shall be limited to maximum values of 65%
(sixty-five per cent) and 55% (fifty-five per cent), respectively, of the
Company&#146;s Ebitda (Earnings before interest, taxes, depreciation and
amortization).</p>

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

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">The Board of Directors</font></b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 12:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Board of Directors shall be made
up of 14 (fourteen) members and an equal number of substitute members. One of
the members shall be its Chairman and another its Vice-Chairman, all being
subject to election and dismissal at any time by the General Meeting of
Stockholders, for a period of office of 3 (three) years, and able to be
reelected.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The substitute members shall substitute the
respective members of the Board if the latter are absent or impeded from
exercising their functions and, in the event of a vacancy, shall do so until a
new member is elected.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The global or individual amount of the
remuneration of the Board of Directors shall be fixed by the General Meeting of
Stockholders, in accordance with the legislation from time to time in force.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The minority holders of common shares, and
the holders of preferred shares, each have the right to elect 1 (one) member of
the Board of Directors, in a separate vote, according to law.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Boards of Directors of the wholly-owned
subsidiaries Cemig Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A.
shall, obligatorily, be composed of the members or substitute members elected
to the Board of Directors of the Company.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 13:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In the event of a vacancy on the Board of
Directors, the first General Meeting of Stockholders shall elect a new member,
for the period of office which was remaining to the previous member.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In this event, if the previous Board member
was elected by a minority, the new member shall be elected by the same
minority.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">94</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 14:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Board of Directors shall meet,
ordinarily, every 2 (two) months and, extraordinarily, on convocation by its
Chairman, or its Vice-Chairman, or one-third of its members, or when requested
by the Executive Board, and decisions taken shall be valid when the majority of
its members are present.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The meetings of the Board of Directors shall
be called by its Chairman or its Vice-Chairman, by written advice sent with 5
(five) days&#146; notice, containing the agenda to be discussed. Meetings of the
Board of Directors called on the basis of urgency may be called by its Chairman
without being subject to the above-mentioned period provided the other members
of the Board are unequivocally aware of the convocation.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Decisions of the Board of Directors shall be
taken by the majority of the votes of the board members present, and in the
event of equality of votes the Chairman shall have the casting vote.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 15:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Chairman of the Board of Directors has
the competency to grant leave to the Board&#146;s members, and the other members of
the Board have the competency to grant leave to the Chairman.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 16:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Chairman and Vice-Chairman of the Board
of Directors shall be chosen by their peers, at the first meeting of the Board
of Directors that takes place after the election of its members, and the
Vice-Chairman shall take the place of the Chairman when the Chairman is absent
or impeded from exercising his functions.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 17:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Board of Directors shall have the
following attributions:</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to fix the general orientation of the Company&#146;s
business;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to elect or dismiss the Executive Officers of
the Company, subject to these Bylaws;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide, prior to the Company entering into
them, on contracts between the Company and any of its stockholders, or
companies which are sole or joint controlling stockholders of any of its
stockholders;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide, upon proposal by the Executive
Board, on disposal or placement of a charge on any of the Company&#146;s property,
plant or equipment, and on the giving by the Company of any guarantee to any
third parties of which the individual value is greater than or equal to R$
5,000,000.00 (five million Reais);</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide, upon proposal put forward by the
Executive Board, on the Company&#146;s capital investment projects, signing of
contracts and legal transactions in general, contracting of loans, financings,
or the constitution of any obligations in the name of the Company the value of
which, individually or jointly, is R$ 5,000,000.00 (five million Reais) or
more, including injections of capital into wholly-owned subsidiaries,
jointly-controlled companies and affiliated companies and the consortia in
which it participates;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to call the General Meeting of Stockholders;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to monitor and inspect the management by the
Executive Board, for which purpose the Board of Directors may, at any time,
examine the books and papers of the Company, and request information on
contracts agreed or in the process of being agreed, and on any other
administrative facts or actions which it deems to be of interest;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to state prior opinion on the report of
management and the accounts of the Company&#146;s Executive Board;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to choose, annually, and to dismiss, the
Company&#146;s auditors, from among companies with international reputation
authorized by the Securities Commission (CVM) to audit listed companies;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to authorize, upon a proposal by the
Executive Board, the start of administrative proceedings for competitive bids,
and proceedings for dispensation from and non-requirement of bids, and the
corresponding contracts, in amounts greater than or equal to R$ 5,000,000.00
(five million Reais);</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to authorize, upon proposal by the Executive
Board, the filing of legal actions, administrative proceedings, and entering
into Court and out-of-court agreements whose value is R$ 5,000,000.00 (five
million Reais) or more;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to authorize the issue of securities, in the
domestic or external markets, for the raising of funds, in the form of
debentures, promissory notes, medium-term notes and other instruments;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to approve the Company&#146;s Long-term Strategic
Plan, the Multi-year Strategic Implementation Plan, and the Annual Budget, and
any alterations or revisions thereto;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">95</font></p>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">o)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>annually, to set the directives and establish
the limits, including financial limits, for spending on personnel, including
concession of benefits and collective work agreements, subject to the
competency of the General Meeting of Stockholders and in obedience to the Annual
Budget approved;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">p)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to authorize the exercise of the right of
preference under stockholders&#146; agreements or to vote in wholly-owned
subsidiaries, jointly-controlled companies, affiliated companies and the
consortia in which the Company participates, except in the case of the
wholly-owned subsidiaries Cemig Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e
Transmiss&#227;o S.A., for which the competency to decide on these matters shall be
that of the General Meeting of Stockholders;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">q)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to approve the declarations of vote in the
General Meetings of Stockholders and the orientations for voting in the
meetings of the Boards of Directors of the wholly-owned subsidiaries,
jointly-controlled companies, affiliated companies and the consortia in which
the Company participates, when participation in the capital of other companies
or consortia is involved, and the decisions must, in any event and not only in
matters relating to participation in the capital of other companies or
consortia, obey the provisions of these Bylaws, the Long-term Strategic Plan
and the Multi-year Strategic Implementation Plan.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Board of Directors, by specific
resolutions, may delegate the power to authorize agreement of contracts for
sales of electricity and for provision of distribution or transmission services
to the Executive Board, in accordance with the legislation.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&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;">Section II</font></b></p>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 18:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Executive Board shall be made up of 8
(eight) Executive Officers, who may be stockholders, elected by the Board of
Directors, namely: the Chief Executive Officer; an Executive Vice-Chairman; a
Chief Officer for Finance, Investor Relations and Control of Holdings; a Chief
Corporate Management Officer; a Chief Distribution and Sales Officer; a Chief
Generation and Transmission Officer; a Chief Trading Officer; and a Chief New
Business Development Officer.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The period of office of the Executive
Officers shall be 3 (three) years, and re-election is permitted. The Executive
Officers shall remain in their posts until their duly elected successors take
office.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The global or individual amount of the
remuneration of 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.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Directors shall exercise their positions
as full-time occupations in the regime of exclusive dedication to the service
of the Company. They may at the same time hold and exercise non-remunerated
positions in the management of the Company&#146;s wholly-owned subsidiaries,
jointly-controlled companies or affiliated companies, at the option of the
Board of Directors. They shall, however, obligatorily exercise the
corresponding positions in the wholly-owned subsidiaries Cemig Distribui&#231;&#227;o
S.A. and Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Executive Officers who are not employees
shall have the right to an annual period of not more than 30 (thirty) days&#146;
remunerated leave. This leave may not be accumulated into the subsequent year,
and its remuneration shall be augmented by one-third of the monthly
remuneration currently in effect. This leave shall be given by the Chief
Executive Officer, whose own leave shall be given by the Board of Directors.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 19:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In the event of absence, leave, or
resignation of the Chief Executive Officer or of the post of Chief Executive
Officer being vacant, this post shall be exercised by the Executive
Vice-Chairman, for as long as the period of absence or leave &#150; or, in the event
of vacancy, the impediment or resignation &#150; lasts, until the post is filled by
the Board of Directors.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In the event of absence, leave, resignation
or vacancy of any of the other members of the Executive Board, the Executive
Board may by a majority vote attribute the exercise of the respective functions
to another Executive Officer, for as long as the period of absence or leave &#150;
or, in the event of vacancy, the impediment or resignation &#150; lasts, until the
post is filled by the Board of Directors.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>A Chief Executive Officer or a member of the
Executive Board elected in the way described in this clause shall hold the
position for the remaining time of the period of office of the Executive
Officer who is substituted.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 20:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Executive Board shall meet, ordinarily,
at least 2 (two) times per month and, extraordinarily, whenever called by the
Chief Executive Officer or by 2 (two) Executive Officers with prior notice of
at least 2 (two) days, but this notice shall not be necessary if all the
Executive Officers are present. Unless</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">96</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">&nbsp;</font></p>

<p style="margin:0in 0in .0001pt 63.35pt;text-autospace:none;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">stated to the contrary in
the Bylaws, the decisions of the Executive Board shall be taken by a vote of
the majority of its members, and in the event of a tie the Chief Executive
Officer shall have a casting vote and the Board of Directors must be advised
that the casting vote has been used.</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 21:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Executive Board is responsible for the
current management of the Company&#146;s business, subject to the Long-term
Strategic Plan, the Multi-year Strategic Implementation Plan and the Annual
Budget, prepared and approved in accordance with these Bylaws.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Multi-year Strategic
Implementation Plan shall reflect the Company&#146;s Long-term Strategic Plan and
contain the plans and projections for a period of 5 (five) financial years, and
must be updated at least once a year, and shall deal in detail with the
following subjects, among others:</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the Company&#146;s strategies and actions,
including any project related to its objects;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the new investments and business
opportunities, including those of the Company&#146;s wholly-owned subsidiaries,
jointly-controlled companies, and affiliated companies and the consortia in
which it participates;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the amounts to be invested or in any other
way contributed from the Company&#146;s own funds or funds of third parties;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the rates of return and profits to be
obtained or generated by the Company.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Annual Budget shall reflect the
Company&#146;s Multi-year Strategic Implementation Plan and, consequently, the
Long-term Strategic Plan and must give details of operational revenue and expenses,
costs and capital expenditure, cash flow, the amount to be allocated to the
payment of dividends, investments of cash from the Company&#146;s own funds or funds
of third parties, and any other data that the Executive Board considers to be
necessary.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Multi-year Strategic Plan and
the Annual Budget shall be prepared and updated annually, by the end of each
business year, to be in effect in the following business year. Both shall be prepared
in coordination with the Chief Officer for Finance, Investor Relations and
Control of Holdings and submitted to examination by the Executive Board, and,
subsequently, for approval by the Board of Directors.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The following decisions shall require a vote by
the Executive Board:</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b>approval of the plan of organization of the
Company and issuance of the corresponding rules and any changes to them;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>examination and submission to the Board of
Directors, for approval, of the Company&#146;s Multi-year Strategic Implementation
Plan, and revisions of it, including timetables, amount and allocation of the
capital expenditure specified in it;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>examination and submission to the Board of
Directors for approval of the Annual Budget, which shall reflect the multi-year
Strategic Implementation Plan at that time in force, and any revisions of it;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>decision on re-managing of investments or
capital expenditure specified in the Annual Budget which amount, individually
or in aggregate during a single financial year, to less than R$ 5,000,000.00
(five million Reais), with consequent re-adaptation of the targets approved, obeying
the multi-year Strategic Implementation Plan and the Annual Budget;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>approval of disposal of or placement of a
charge upon any of the Company&#146;s property, plant or equipment, and the giving
of guarantees to third parties, in amounts less than R$ 5,000,000.00 (five
million Reais);</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization of the Company&#146;s capital
expenditure projects, signing of agreements and legal transactions in general,
contracting of loans and financings, or constitution of an obligation in the name
of the Company, based on the Annual Budget approved, such as individually or in
aggregate have values less than R$ 5,000,000.00 (five million Reais), including
the injection of capital into wholly-owned subsidiaries, jointly-controlled
companies, affiliated companies, and the consortia in which the Company
participates, subject to the provisions of sub-clause &#145;p&#146; of sub-item IV of Clause
22;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>approval, upon proposal by the Chief
Executive Officer, jointly with the Chief Officer for Finance, Investor
Relations and Control of Holdings, of the statements of vote in the General
Meetings of Stockholders and the meetings of the Boards of Directors of the
wholly-owned subsidiaries, jointly-controlled companies, affiliated companies
and the consortia in which the Company participates, except in the case of the
wholly-owned subsidiaries Cemig Distribui&#231;&#227;o S.A. and</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">97</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='97',FILE='C:\JMS\dtodman\07-26434-2\task2519814\26434-2-kg-05.htm',USER='dtodman',CD='Nov 12 10:39 2007' -->


<br clear="all" style="page-break-before:always;">


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

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

<p style="margin:0in 0in .0001pt 1.25in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Cemig
Gera&#231;&#227;o e Transmiss&#227;o S.A., for which the competence to decide on these matters
shall be that of the General Meeting of Stockholders, and the decision must
obey the provisions of these Bylaws, the decisions of the Board of Directors,
the Long-term Strategic Plan and the multi-year Strategic Implement Plan;</font></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization to initiate administrative
tender proceedings and proceedings for exemption from or non-requirement for
tenders, and the corresponding contracts, in amounts greater than or equal to R$
1,000,000.00 (one million Reais) and less than R$ 5,000,000.00 (five million
Reais);</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization to file legal actions and
administrative proceedings, and to enter into Court and out-of-court
settlements for amounts less than R$ 5,000,000.00 (five million Reais);</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization of provisions in the Company&#146;s
accounts, of any value, on proposal from the Chief Officer for Finance,
Investor Relations and Control of Holdings;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>approval of the nominations of employees to
hold management posts in the Company, upon proposal by the Chief Officer
concerned, subject to the provisions of sub-clause &#147;h&#148; of sub-item I of Clause
22;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>authorization of expenditure on personnel
expenses and collective work agreements, subject to the competency of the
General Meeting of Stockholders, the directives and limits approved by the Board
of Directors, and the Annual Budget approved.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 5</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Actions necessary for the regular functioning
of the Company, signing of contracts, and other legal transactions, shall be
effected by the Chief Executive Officer, jointly with one Executive Officer, or
with a person holding a valid power of attorney.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 6</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Powers of attorney must be granted by the
Chief Executive Officer, jointly with an Executive Officer, except for the
power described in sub-clause &#147;c&#148; of Sub-item I of Clause 22, for which only
the signature of the Chief Executive Officer is required.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 22:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Subject to the provisions of the previous
clauses, the following are the functions and powers attributed to the Executive
Board:</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">I &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Chief Executive Officer:</b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to oversee and direct the work of the
Company;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to supervise the preparation and
implementation of the Multi-year Strategic Implementation Plan and to develop
the strategies and actions approved;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in the Courts,
actively and passively;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to sign, jointly with one of the Executive
Officers, documents which bind the Company;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to present the annual report of the Company&#146;s
business to the Board of Directors and to the Ordinary General Meeting of
Stockholders;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to hire and dismiss the Company&#146;s personnel;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage and direct the activities of
Internal Audits and Institutional Relationships, legal, communication and
representation activities, the General Secretariat and the function of the Company&#146;s
Ombudsman;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose to the Executive Board for
approval, jointly with the Chief Officer to whom the employee is linked,
nominations for posts of Superintendent of the Company;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose appointments for positions of
management and on the Audit Boards of the wholly- owned subsidiaries,
jointly-controlled companies and affiliated companies, and also Forluz (Funda&#231;&#227;o
Forluminas de Seguridade Social) after hearing the opinion of the Chief Officer
for Finance, Investor Relations and Control of Holdings, except in the case of
the wholly-owned subsidiaries Cemig Distribui&#231;&#227;o S.A. and Cemig Gera&#231;&#227;o e
Transmiss&#227;o S.A., for which the provisions of paragraph 4 of Clause 12 and
paragraph 3 of Clause 18 of these Bylaws prevail.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">II &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Executive Vice-Chairman:</b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to substitute the Chief Executive Officer if
he is absent, on leave, temporarily impeded from exercising his functions, or
has resigned or his post is vacant;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to promote improvement of the Company&#146;s
social responsibility and sustainability policies;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to set the policies and guidelines for the
environment, technological development, alternative energy sources and
technical standardization;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">98</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to co-ordinate the Company&#146;s strategy for
operations in relation to social responsibility and the environment,
technological processes and strategic management of technology;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate and put in place the
maintenance of the Company&#146;s quality control systems;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to promote implementation of programs for the
Company&#146;s technological development;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to monitor the management of plans for
compliance with the guidelines for the environment, technology and improvement
of quality.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">III &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Chief Officer for
Finance, Investor Relations and Control of Holdings:</b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to make available the financial resources
necessary for the operation and expansion of the Company, in accordance with
the Annual Budget, conducting the processes of contracting of loans and
financings, and related services;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to co-ordinate the preparation and
consolidation, with the participation of all the Chief Officers, of the
Company&#146;s Multi-year Strategic Implementation Plan and Annual Budget;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for economic and financial
valuation of the Company&#146;s capital expenditure investment projects, except
those that are the responsibility of the Chief New Business Development
Officer;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to accompany the performance of the execution
of investment projects, according to targets and results approved by the
Management;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out the accounting of, and to
control, the Company&#146;s economic-financial transactions;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to determine the cost of the service and to
establish an insurance policy, as laid out in the Company&#146;s Multi-year
Strategic Implementation Plan;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to prepare the short-, medium- and long-term
financial programming in detail, as specified in the Company&#146;s Multi-year
Strategic Implementation Plan and Annual Budget;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to control the Company&#146;s registered capital,
decide policy for its shares and for corporate governance, and to suggest
dividend policy;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the preparation and negotiation
of the tariffs for retail supply and distribution of electricity, and the
revenues from transmission, with the National Electricity Agency, Aneel;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to be responsible for the provision of
information to the investing public, to the Securities Commission (CVM) and to
the Brazilian and international stock exchanges or over-the-counter markets,
and the corresponding regulation and inspection entities, and to keep the
Company&#146;s registrations with these institutions updated;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company to the CVM, stock
exchanges and other entities of the capital markets;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for the financial and corporate
management of the Company&#146;s holdings in the wholly- owned subsidiaries,
subsidiaries and affiliates, within the criteria of good corporate governance
and making continual efforts for compliance with their business plans, subject
to the provisions of these Bylaws;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose to the Executive Board, for
approval or submission to the Board of Directors or to the General Meeting of
Stockholders, depending on the competency defined in these Bylaws, injections of
capital, exercise of the right of preference and the making of voting
agreements in the wholly- owned subsidiaries, jointly-controlled companies, and
affiliated companies and in the consortia in which the Company participates;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">o)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to take part in negotiations that involve the
constitution or alteration of corporate documents of the holdings referred to
in the previous sub-clause;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">p)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the processes of sale of
stockholdings owned by the Company, by its wholly-owned subsidiaries,
jointly-controlled companies and affiliated companies, upon prior legislative authorization
and approval by the Board of Directors.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">IV &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Chief Corporate Management Officer:</b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to ensure the provision of appropriate
personnel to the Company;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide the Company&#146;s human resources
policy and to orient and promote its application;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to orient and conduct activities related to
organizational studies and their documentation;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to decide, conduct and supervise the
Company&#146;s telecommunications and information technology policy;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">99</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">e)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to plan, put in place and </font>maintain<font color="black" face="Times New Roman" style="color:black;"> the Company&#146;s telecommunications and
information technology systems;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">f)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to decide policies and rules on support services such as
transport, administrative communication, security guards, and provision of
adequate quality in the workplace for the Company&#146;s personnel;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">g)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to provide the Company with infrastructure and administrative
support resources and services;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">h)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to coordinate the policies, processes and means of property
security, work safety and security guarding approved by the Company;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">i)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to carry out the negotiations of collective work agreements, in
accordance with the guidelines and limits approved by the Board of Directors,
submitting the proposals negotiated for approval by the Executive Board;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">j)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to manage the process of contracting of works and services and of
acquisition and disposal of materials and real estate property;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">l)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to effect quality control of the material acquired and of the
qualification of contracted service providers;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">m)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to administer and control the stock of material, and separation
and recovery of used material, and to carry out sales of excess and unusable
material, and scrap;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">n)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to arrange for and implement programs to increase, develop,
perfect and continually improve suppliers of materials and services of interest
to the Company, alone or in cooperation with other Chief Officers&#146; Departments
or development agencies and industry associations, in the ambit of the State of
Minas Gerais;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">o)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to conduct corporate management programs and environmental actions
within the scope of his Department;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">p)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to authorize initiation of administrative tender proceedings and
proceedings for exemption from or non-requirement for tenders, and the
corresponding </font>contracts<font color="black" face="Times New Roman" style="color:black;">, in amounts up to R$ 1,000,000.00 (one million Reais);</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">q)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to </font>propose<font color="black" face="Times New Roman" style="color:black;"> to the Chief Executive Officer, for submission to the Executive
Board for approval, from among the employees of the Cemig Distribui&#231;&#227;o S.A. and
Cemig Gera&#231;&#227;o e Transmiss&#227;o S.A., appointments for the positions of sitting and
substitute members of the Integrated Pro-Health Administration Committee;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">r)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to </font>propose<font color="black" face="Times New Roman" style="color:black;"> to the Chief Executive Officer, for submission to the Executive
Board for approval, from among the employees of the Company and of the </font>other<font color="black" face="Times New Roman" style="color:black;">
companies involved in the negotiations, appointments of </font>employees<font color="black" face="Times New Roman" style="color:black;">
to the Union Negotiation Committee, and also the appointment of its
coordinator;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">s)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to </font>present<font color="black" face="Times New Roman" style="color:black;"> to the Executive Board the assessments received from a leadership
succession development program, put in place by the Company, for the purpose of
assisting the Executive Board in making its decisions on appointments of
employees to management posts.</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 .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;font-weight:bold;">V &#150;</font></b><b><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b><font color="black" face="Times New Roman" style="color:black;font-weight:bold;">To the </font></b><b>Chief</b><b><font color="black" face="Times New Roman" style="color:black;font-weight:bold;"> Distribution and Sales Officer:</font></b></p>

<p style="margin:0in 0in .0001pt 1.25in;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">a)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to make continuous </font>efforts<font color="black" face="Times New Roman" style="color:black;"> on behalf of the quality of supply of
energy to consumers that are directly linked to the Company&#146;s distribution
systems;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">b)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to prepare the planning of the Company&#146;s distribution system;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">c)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to manage the implementation of the distribution facilities,
including preparation and execution of projects, construction and assembly;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">d)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">to operate and maintain the Company&#146;s systems of distribution and
the associated systems of supervision and long-distance control;</font></p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" color="black" face="Times New Roman" style="color:black;font-size:10.0pt;">e)</font><font size="1" color="black" face="Times New Roman" style="color:black;font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color="black" face="Times New Roman" style="color:black;">t</font>o manage
the Company&#146;s Work Safety Policy in the ambit of its activities;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><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 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to formulate and implement the policies for
service to consumers served by this Department;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><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 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to develop programs and actions with captive
consumers with demand lower than 500 kW, with a view to the most efficient use
of electricity;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><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 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to establish commercial relationships with
and coordinate the sale of electricity and services to captive consumers with
demand lower than 500 kW;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><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 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out environmental programs and
actions within the scope of this Chief Officer&#146;s Department;</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;">100</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
<!-- SEQ.=1,FOLIO='100',FILE='C:\JMS\dtodman\07-26434-2\task2519814\26434-2-kg-05.htm',USER='dtodman',CD='Nov 12 10:39 2007' -->


<br clear="all" style="page-break-before:always;">


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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in the Brazilian
Electricity Distributors&#146; Association (Abradee) and with other entities of the
distribution sector;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to ensure the physical security of the
distribution facilities, establishing policies and guidelines and managing the
asset security of these facilities;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to seek continuous improvement of the
processes of operation and maintenance, through the use of new technologies and
methods that aim for improvement of quality and reduction of the cost of those
activities.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VI &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Chief Energy Generation and Transmission
Officer:</b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to make continuous efforts on behalf of the
quality of supply of electricity to consumers that are directly linked to the
transmission system;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to prepare the planning of generation and
transmission;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to operate and maintain the systems of
generation and transmission and the associated systems of supervision and
long-distance control;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out environmental programs and
actions within the scope of this Chief Officer&#146;s Department;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to develop and conduct hydro-meteorological
activities of interest to the Company;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage the operations arising from
interconnection of the Company&#146;s electricity transmission system with those of
other companies, and the connections of agents to the Company&#146;s basic network;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in relations with
the National System Operator (ONS), the Brazilian Electricity Generators&#146;
Association (Abragee) and other entities representing the electricity, generation
and transmission sector;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage the Company&#146;s central laboratories
and workshops;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate and put in place projects for
refurbishment, modernization, improvement, reactivation and de-activation of
the generation and transmission facilities;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to propose and implement measures that aim to
ensure connectivity of the various agents of the electricity system, linked to
the Company&#146;s transmission system;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to ensure the physical security of the
generation and transmission facilities, establishing policies and guidelines
and managing the asset security of these facilities;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">m)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage and promote the Company&#146;s work
safety policy within the scope of its activities;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">n)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage and put in place projects for
expansion of generation, transmission and co-generation, arranging for
planning, construction and assembly, and ensuring the proper physical and
financial performance of these undertakings;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">o)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to supply technical support to the
negotiations to make the projects for expansion of generation, transmission and
co-generation possible, and to take part in the negotiation of documents of the
consortia of the entrepreneurs and special-purpose companies.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VII &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Chief Trading
Officer:</b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out research, studies and
projections of interest to the Company;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the planning and execution of
the purchase of electricity to serve the Company&#146;s market and the sale of
energy coming from the Company&#146;s own sources of generation;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the purchase and sale of
electricity in its different forms and modalities, including importation,
exportation and holdings in all the segments of markets specialized in energy;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the provision of business
intermediation services related to the sale of energy to any authorized agent;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in the Electricity
Trading Chamber (CCEE), taking responsibility for the transactions carried out
in the ambit of the chamber, and to represent the Company in relations with the
other entities trading electricity;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the establishment of the prices
for purchase and sale of electricity, and to propose them to the Executive
Board for approval;</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">101</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to establish commercial relations with and
coordinate sales of electricity and services to individual consumers or groups
of consumers served at voltages greater than or equal to 2.3kV and contracted demand
greater than or equal to 500kW, and also business groups;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to identify, measure and manage the risks
associated with the trading of electricity;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to negotiate and manage the commercial
transactions involved in transport and connection of any party accessing the
distribution system;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to negotiate and manage contracts with the
National System Operator (ONS) for use of the transmission system and with
transmission companies for connection to the distribution system;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to manage, in coordination with the Chief New
Business Development Officer, trading of the Company&#146;s carbon credits.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt .9in;text-autospace:none;text-indent:-.4in;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">VIII &#150;</font></b><b><font size="1" style="font-size:3.0pt;font-weight:bold;">&#160;&#160;&#160;&#160;&#160;&#160; </font></b><b>To the Chief New Business
Development Officer:</b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange prospecting, analysis and
development of new business of the Company in the areas of generation,
transmission and distribution of electricity, transport and gas distribution,
and also in other activities directly or indirectly related to the Company&#146;s
objects;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for technical, economic-financial,
and environmental feasibility studies of new business projects for the Company,
in coordination with the Chief Officers&#146; Departments related to the said businesses;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate negotiations and implement
partnerships, consortia, special-purpose companies and other forms of
association with public or private companies such as are necessary for the development
of new business, and also the negotiation of contracts and corporate documents
for these projects;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">d)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate the participation of the
Company in tender proceedings for obtaining grants of concessions in all the
areas of its operations;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">e)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to coordinate, evaluate and structure the
opportunities for acquisition of new assets in the electricity sector and the
sector of transport and distribution of gas;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">f)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to arrange for prospecting and analysis,
within the Company, of business opportunities related to the use of carbon
credits;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">g)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to consolidate the planning of expansion of
the generation, transmission and distribution systems;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">h)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to consolidate the Company&#146;s Program for
Capital Investment in generation, transmission and distribution;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">i)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to represent the Company in relations with
the entities for planning of expansion of the electricity sector in its areas
of operation;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">j)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to carry out environmental programs and
actions within the area related to this Chief Officer&#146;s Department;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">l)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>to accompany, within the Company, the energy
planning of the State of Minas Gerais.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The competencies of representation before
technical and administrative bodies and associations granted to the Chief
Officers under this Clause do not exclude the Chief Executive Officer&#146;s
competency of representation, nor the need for obedience to the provisions in
these Bylaws in relation to prior obtaining of authorizations from the
management bodies to contract obligations in the name of the Company.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>As well as the exercise of the attributions
herein specified and demanded by law, each Chief Officer&#146;s Department has the
competency to ensure the cooperation, assistance and support of the other Chief
Officer&#146;s Departments in the areas of their respective competencies, with the
aim of success in the greater objectives and interests of the Company.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The projects developed by the Company in the
area of the Chief New Business Development Officer&#146;s Department, once
structured and constituted, should be assumed by the respective Chief Officer&#146;s
Departments responsible for their construction, execution, operation and sales,
as defined in these Bylaws.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 4</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>It is the competency of each Chief Officer,
within the area of his operation, to arrange for the actions necessary for
compliance with and effective implementation of the work safety policies
approved by the Company.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">102</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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

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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 23:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company&#146;s Audit Board shall function
permanently and shall be made up of between 3 (three) and 5 (five) members and
their respective substitute members, who shall be elected annually, on the
occasion of the Annual General Meeting, and may be re-elected.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Audit Board shall elect its Chairman from
among its members, and the Chairman shall call and chair the meetings.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 24:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>In the event of resignation of the position,
death or impediment, a member of the Audit Board shall be replaced by his
respective substitute, until the new member is elected, and such member shall
be chosen by the same party that appointed the substitute.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 25:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Audit Board shall have the attributions
set by the Corporate Law, and also, to the extent that they do not conflict
with the Brazilian Legislation, those required by the laws of the countries in
which the Company&#146;s shares are listed and traded, in accordance with its
regulations.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 26:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The remuneration of the members of the Audit
Board shall be fixed by the General Meeting of Stockholders which elects it, in
accordance with the legislation that is in force.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&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;">CHAPTER VI</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;">&nbsp;</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;">The business year</font></b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 27:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The business year shall coincide with the
calendar year, closing on December 31 of each year, when the financial
statements shall be prepared, in accordance with the relevant legislation.
Financial statements may be prepared for periods of six months or shorter
periods.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 28:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Prior to the deduction of any sharing in
results, the following shall be deducted from the result for the business year:
retained losses, the provision for income tax, the Social Contribution on Net Profit
and, successively, the profit shares of the employees and the managers.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The net profit ascertained in each business
year shall be allocated as follows:</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>5% (five percent) to the legal reserve, up to
the limit specified by law;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>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</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">c)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>the balance, after the retention specified in
a capital expenditure and/or investment budget prepared by the Company&#146;s
management, in obedience to the Company&#146;s Long-term Strategic Plan and the dividend
policy contained therein and duly approved, shall be allocated to constitute 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.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 29:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The dividends shall be distributed in the
following order:</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">a)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The annual minimum dividend guaranteed to the
preferred shares;</p>

<p style="margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman">&nbsp;</font></p>

<p style="font-size:10.0pt;margin:0in 0in .0001pt 89.25pt;text-autospace:none;text-indent:-25.9pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">b)</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The dividend for the common shares, up to a
percentage equal to that guaranteed to the preferred shares.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Once the dividends specified in sub-clauses
&#147;a&#148; and &#147;b&#148; of the head paragraph of this clause have been distributed, the
preferred shares shall have equality of rights with the common shares in any
distribution of additional dividends.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>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.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The amounts paid or credited as Interest on
Equity, in accordance with the relevant legislation, shall be imputed to the
amounts of the obligatory dividend or of the dividend payable under the Bylaws
to the preferred shares, being for all purposes of law a part of the amount of
the dividends distributed by the Company.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 30:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Without prejudice to the obligatory dividend,
every two years, starting from the business year of 2005, or more frequently if
the Company&#146;s availability of cash so permits, the Company shall use the profit
reserve specified in sub-clause &#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 Long-term
Strategic Plan and the Dividend Policy contained therein.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 31:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The obligatory or extraordinary dividends
declared shall be paid in 2 (two) equal installments, the first by 30 June and
the second by 30 December of each year, and the Executive Board shall decide
the location and processes of payment, subject to these periods.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">103</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

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<br clear="all" style="page-break-before:always;">


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

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>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.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 32:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The employees have the right to a share in
the profits or results of the Company, upon the criteria defined by the Executive
Board based on the guidelines approved by the Board of Directors and limits set
by the General Meeting of Stockholders, in accordance with the specific
legislation.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 33:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>It is the competency of the General Meeting
of Stockholders to set, annually, the limits for sharing by the managers in the
profits of the Company, subject to the provisions of the sole sub-paragraph of
Article 190 of Law 6404 of December 15, 1976.</p>

<p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman">&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;">CHAPTER VII</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;">&nbsp;</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;">Responsibilities of the management officers</font></b></p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 34:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The management officers are responsible to
the Company and to third parties for the actions which they take in the
exercise of their functions, as specified by the law and by these Bylaws.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 63.35pt;text-autospace:none;text-indent:-63.35pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Clause 35:</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company shall provide to the members of
the Board of Directors, the Audit Board and the Executive Board, defense in
Court and/or administrative proceedings in which they are parties on the Plaintiff
or Defendant side, during or after their periods of office, for actions or
events related to the exercise of their specific functions and which do not
violate legal provisions or the provisions of the Bylaws.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 1</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The guarantee given in the head paragraph of
this Clause extends to employees who legally carry out actions by delegation
from the Company&#146;s management officers.</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 2</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>The Company shall contract third-party
liability insurance to cover expenses of proceedings, fees of counsel and
indemnities arising from the legal and administrative proceedings referred to
in the head paragraph of this Clause, upon decision by the Board of Directors</p>

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

<p style="font-size:10.0pt;margin:0in 0in .0001pt 62.6pt;text-autospace:none;text-indent:-40.3pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&#167; 3</font><font size="1" style="font-size:3.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font>Any member of the Board of Directors or the
Audit Board, or any Executive Officer or employee, against whom a Court
judgment subject to no further appeal is given must reimburse the Company all
the costs, expenses and losses caused to it.</p>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;text-autospace:none;"><font size="2" face="Times New Roman">&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;">104</font></p>

<div style="margin:0in 0in .0001pt;text-autospace:none;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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<br clear="all" style="page-break-before:always;">


<div>

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

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

<table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:50.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">COMPANHIA ENERGETICA DE MINAS GERAIS &#150; CEMIG</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:50.58%;">
  <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="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:50.58%;">
  <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="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.42%;">
  <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%" valign="top" style="padding:0in 0in 0in 0in;width:4.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">By: </font></p>
  </td>
  <td width="33%" colspan="2" valign="top" style="border:none;border-bottom:solid windowtext 1.0pt;padding:0in 0in 0in 0in;width:33.08%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ Luiz Fernando Rolla</font></p>
  </td>
  <td width="13%" valign="top" style="padding:0in 0in 0in 0in;width:13.34%;">
  <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="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.42%;">
  <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%" valign="top" style="padding:0in 0in 0in 0in;width:4.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Name:</font></p>
  </td>
  <td width="40%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:40.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Luiz Fernando Rolla</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.42%;">
  <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%" valign="top" style="padding:0in 0in 0in 0in;width:4.16%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
  </td>
  <td width="5%" valign="top" style="padding:0in 0in 0in 0in;width:5.84%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Title:</font></p>
  </td>
  <td width="40%" colspan="2" valign="top" style="padding:0in 0in 0in 0in;width:40.58%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Chief Financial Officer and Investor Relations Officer</font></p>
  </td>
 </tr>
 <tr>
  <td width="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  </td>
  <td width="50%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:50.58%;">
  <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="49%" valign="top" style="padding:0in 0in 0in 0in;width:49.42%;">
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: November 13, 2007</font></p>
  </td>
  <td width="50%" colspan="4" valign="top" style="padding:0in 0in 0in 0in;width:50.58%;">
  <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="370" style="border:none;"></td>
  <td width="31" style="border:none;"></td>
  <td width="44" style="border:none;"></td>
  <td width="204" style="border:none;"></td>
  <td width="100" style="border:none;"></td>
 </tr>
</table>

<p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman">&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;">105</font></p>

<div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>

</div>
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-----END PRIVACY-ENHANCED MESSAGE-----
