Glossary

ACL: Free Market

ACR: Regulated Market

ANA: National Water Agency

ANEEL: National Electric Power Agency

Bovespa: São Paulo Stock Exchange (Bolsa de Valores de São Paulo).

CAGR: Compound Annual Growth Rate.

CVM: The Brazilian Securities Commission (Comissão de Valores Mobiliários).

EBITDA: Is one measure of the company’s operational performance before the financial result, social contribution, income tax, depreciation and amortization.

Grupo EBX: industrial group controlled by the controlling shareholder, Mr. Eike Fuhrken Batista.

EPE: Energy Research Company

IBAMA: Brazilian Institute for Enviromental and Renewable Natural Resources

IFRS: International Financial Reporting Standards.

US GAAP: United States Generally Accepted Accounting Principles