LIGHT S.A.

RELATED-PARTY TRANSACTIONS

The Companys main shareholders are: Controlling Group - Rio Minas Energia Participaes S.A RME, jointly-owned subsidiary of Companhia Energtica de Minas Gerais CEMIG, Andrade Gutierrez Concesses, Luce do Brasil Fundo de Investimento em Participaes and Equatorial Energia. BNDESPAR

Below, a summary of related-party transactions occurred in 2008 and 2007:

Relationship with Light S/A C ontrac ts with the same group Item (Objec tives a nd characteristics of the agreement) (1) 12/31/2008 Assets 12/31/2007 Liabilities 12/31/2008 12/31/2007

Consolidated Revenue 12/31/2008 12/31/2007 Expenses 12/31/2008 12/31/2007

CEMIG (party of the c ontrolling Strategic Contract Purchase agre ement of electricity betwe en Light SESA a nd CEMIG gr oup) Strategic Contract Sale agreement of ele ctricity be tween Light SESA and CEMIG CEMIG (party of the c ontrolling gr oup)

2,454 148 -

2,356 155 -

2,596 379

6,719 1,387

21,458 2,012 -

20,528 1,794 -

88,416 12,985

55,537 12,238

Strategic Contract CEMIG (party of the c ontrolling Collectiion of distribution system usa ge cha rges between Light gr oup) SESA and CEM IG Strategic Contract CEMIG (party of the c ontrolling Commitment to ele ctric basic ne twor k usage charge s be tween Light gr oup) SESA and CEM IG Strategic Contract Equatorial (pa rty of the controlling group)

Electric ity sale commitment between Light Energia a nd CEMAR Loans FINEM

1,105

1,002

8,758

8,377

BNDES (par ty of the contr olling gr oup)

6 Loans Line of credit 7 Loans Debentures 1st issue - Non-convertible 8 Loans Pr Esco and Energy Efficient Project of Condomnio Edifcio Santos Dumont Pension Plan Fundao de Seguridade Social (Soc ial Security Foundation) BRASLI GHT BNDES (par ty of the contr olling gr oup) BNDES (par ty of the contr olling gr oup) BNDES (par ty of the contr olling gr oup)

433,062

243,493

34,729

5,385

2,397

3,135

898

(336)

24,066

40,167

2,767

4,379

BRASLIGHT (party of the controlling group)

596

10

1,032,161

891,915

225,371

106,823

Below, a summary of agreements executed with related parties:

Relationship with Light S/A Contracts with the same group

Original Value

Date of maturity or term

Termination conditions

Re maining Ba lance 12/31/2008

Item

(Objective s and characteristics of the agreement)

(1)

Thousand

Da te

Thousand

C EM IG (party of the controlling St rategic Agreement Purchase agreement of electricity between Light SESA and CEM IG group) St rategic Agreement Sa le agreement of electricity between Light Energia and CEMIG St rategic Agreement C ollection of distribution system usa ge cha rges between Light SESA and CEMIG St rategic Agreement C ommitment to the basic e lectric network usage charge s between Light SESA and CEMIG St rategic Agreement C EM IG (party of the controlling group) C EM IG (party of the controlling group) C EM IG (party of the controlling group)

01/01/2006

12/31/2015

439,691 156,239 Ja n/2005 Dec /2013

30% of remaining balance

331,277 97,508 148 1,479

Nov/2003

Inde terminate

Dec/2002

Inde terminate

Ele ctricity sale commitment between Light Energia and CEMAR L oans FINEM

Equatorial (party of the controlling group)

Ja n/2005

Dec /2013

61,214
Nov/2007 Sep/2014

38,743

BNDES (party of the controlling group)

6 L oans Line of Cr edit L oans Debentures 1st issue - Non- conve rtible L oans Pr Esco and Energy Efficiency Project of Condomnio Edifcio Sa ntos Dumont Pension Plan Fundao de Seguridade Social (Socia l Se curity Foundation) BR ASLIGHT BNDES (party of the controlling group) BNDES (party of the controlling group) BNDES (party of the controlling group)

549,331 14,147
Ma r/1999 Apr/2010

433,062 2,397

Ja n/1998

Ja n/2010

105,000
Dec/2008 Oct/2014

24,066

596
Jun/2001 Jun/2026 Until end of agreement

596

BRASLIGHT (par ty of the controlling group)

10

535,052

1,032,161

Related-party transactions have been executed under usual market conditions.

Additional information agreements in progress Light, in order to potentialize its capacity of developing and implementing new generation projects and taking into account the recognized capacity in this area of its shareholder Companhia Energtica de Minas Gerais CEMIG (Cemig), Light entered into Heads of Agreement (Agreement) which, among other provisions, establishes that the parties will jointly prepare business plans for the development and implementation of energy generation projects (Generation Projects). The Agreement also determines that the parties will execute specific instruments for each of the Generation Projects to be implemented and the Companys interest directly or by means of its subsidiaries in each one of these consortia will be fifty-one percent (51%) and CEMIGs interest, directly or by means of its subsidiaries will be forty-nine percent (49%). Light, which already has in its portfolio projects under development, formalized by means of its subsidiaries, Lightger Ltda., Itaocara Energia Ltda. and Light Energia S.A., three Consortium Agreements with Cemig Gerao e Transmisso S.A. (Cemig GT), wholly-owned subsidiary of Cemig, aiming the exploration of hydroelectric projects in the regions of Paracambi, Itaocara and Lajes, respectively. All private instruments mentioned above were executed by the parties under suspensive conditions, therefore, their effectiveness relies on obtaining authorizations or endorsements required by regulatory authorities, including but not limited to ANEEL, regulatory and inspection agency of electric power services.