Rio de Janeiro, August 13, 2013.

Net income increases by 46.2% in the quarter

EBITDA moves up by 8.9%
Total energy consumption in 2Q13 was 2.5% higher than in 2Q12, totaling 5,897 GWh, driven by the 5.1% increase in commercial consumption and the 4.1% rise in industrial consumption; In the quarter, consolidated net revenue, excluding revenue from construction, came to R$1,670.9 million, 2.6% up on 2Q12. All the Companys business segments recorded a revenue upturn, led by commercialization, which increased by 144.2%; Consolidated EBITDA1 amounted to R$277.9 million in 2Q13, 8.9% up on 2Q12, mainly fueled by the termination of Light Energia energy contracts previously sold in the captive market and now contracted in the free market at higher prices. Adjusted EBITDA, which includes regulatory assets and liabilities (CVA), came to R$397.2 million in 2Q13, 20.1% up year-on-year; Net income totaled R$58.2 million, 46.2% more than in 2Q12, due to the reduction in financial expenses and the operating performance of the distribution and generation segments. Including the CVA, adjusted net income came to R$136.9 million, up by 52.5%; Non-technical energy losses in the last 12 months closed the quarter at 44.2% of billed energy in the low-voltage market (ANEEL criterion), 120 bps down on December 2012. Collections stood at 104.2% of billed consumption, 30 bps up year-on-year. Provisions for Past Due Accounts (PCLD) represented 2.5% of gross billed energy, 90 bps, or R$23.9 million, down on 2Q12. The Company closed 2Q13 with net debt of R$4,056.1 million, in line with March 2013. The net debt/EBITDA ratio stood at 2.62x; On 08/08/2013, the Companys wholly-owned subsidiary LIGHT ENERGIA S.A. (Light Energia) approved the signature, on this date, of an investment entered CEMIG into agreement with RR E
Operational Highlights (GWh) Grid Load* Billed Energy - Captive Market Consumption in the concession area** Transported Energy - TUSD** Sold Energy - Generation Commercializated Energy (Esco) Financial Highlights (R$ MN) Net Revenue*** EBITDA EBITDA Margin*** Net Income Net Debt Capex 2Q13 8,619 4,954 5,897 942 1,149 1,050 2Q13 1,671 278 16.6% 58 4,056 164 2Q12 8,600 4,916 5,754 837 1,298 386 2Q12 1,628 255 15.7% 40 3,263 185 Var. % 1H13 1H12 Var. %

PARTICIPAES S.A. (RR), GERAO TRANSMISSO S.A., (Cemig GT), RENOVA ENERGIA S.A. (Renova) and CHIPLEY SP PARTICIPAES S.A., whose objective is to regulate the entry as of Cemig as to GT in Renovas controlling group, well structure

0.2% 18,529 18,283 1.3% 0.8% 10,526 10,295 2.2% 2.5% 12,303 11,934 3.1% 12.5% 1,777 1,639 8.4% -11.5% 2,416 2,812 -14.1% 172.2% 2,081 784 165.2% Var. % 1H13 1H12 Var. % 2.6% 8.9% 90 bps 46.2% 24.3% -11.6% 3,532 633 17.9% 137 4,056 327 3,389 4.2% 689 -8.0% 20.3% 240 bps 180 -23.9% 3,263 24.3% 328 -0.5%

* Own Load + network use ** Does not consider CSN, due to its migration to the basic network

BM&FBOVESPA: LIGT3 OTC: LGSXY Total shares: 203,934,060 Free Float: 70,175,480 shares (34.41%) Market Cap (08/12/13): R$3,601 million
1

Conference Call: Date: 08/14/2013 Time: 4:00 p.m. (Brazil) // 3:00 p.m. (US ET) Phone numbers: +55 (11) 2188 0200 // +1 (646) 843 6054 Webcast: www.light.com.br

IR Contacts: Phone: +55 (21) 2211-2828/2560 Fax: +55 (21) 2211-2787 E-mail: ri@light.com.br Website: www.light.com.br/ri

EBITDA is calculated in accordance with CVM Instruction 527/2012 and represents net income + income and social contribution tax + the net financial expense + depreciation and amortization.

Chipley as a growth vehicle, with equity interest of Cemig GT and Renova, for which the Share Purchase Agreement of Brasil PCH S.A. (CCVA Brasil PCH), entered into between CEMIG GT and Petrleo Brasileiro S.A. Petrobras, on June 14, 2013, will be granted. On 08/08/2013, the Companys Board of Directors approved, at meeting held today, the request of its subsidiary Itaocara Energia Ltda., which holds 51% of UHE Itaocara Consortium, to terminate the Concession Agreement 12/2001 before Aneel. The termination of the Concession Agreement will not result in any charge to Itaocara Energia, since it is entitled to the rights set forth in Article 4 - A of Law 9074/2005, introduced by Law 12839/2013, as to: (i) the release of guarantees of compliance with obligations concerning the Concession Agreement; (ii) the non-payment for the Use of Public Asset; and (iii) the reimbursement for costs incurred in the preparation of studies or plans. On 08/01/2013, Moodys published its reports on Light SESA, Light Energia and Light S.A., maintaining their investment-grade status, with domestic and international scale ratings of Aa2.br and Ba1, respectively, both of which with a stable outlook.

Presentation of 2Q12 and 1H12 Results

The Companys 2Q12 and 1H12 were reclassified due to a change in accounting practices in regard to consolidating the results of Lights joint ventures, in accordance with IFRS 11 (CPC 19 R2). The reclassification affected the income statement accounts, but had no impact on net income, since the results of the joint ventures began to be booked under equity income. The following companies are no longer consolidated: Renova Energia, Guanhes Energia, Lightger, Axxiom, Amaznia Energia and E-Power. For further information, see Exhibit V. The income statement of the joint ventures, equivalent to proportional stake, is included in Exhibit VI to this release. This is an additional information, only for comparative purposes, since it is not in accordance with Brazilian accounting practices.

Table of Contents
1. The Company............................................................................................................................. 5 2. Operating Performance............................................................................................................. 6 2.1 Distribution .......................................................................................................................... 6 Energy Balance................................................................................................................... 7 Energy Losses ................................................................................................................... 10 Collection ......................................................................................................................... 13 Operating Quality ............................................................................................................ 14 2.2 Generation ......................................................................................................................... 15 2.3 Commercialization and Services ........................................................................................ 15 3. Financial Perfornamce............................................................................................................. 15 3.1 Net Revenue ...................................................................................................................... 16 Consolidated .................................................................................................................... 16 Distribution ...................................................................................................................... 17 Generation ....................................................................................................................... 17 Commercialization and Services ..................................................................................... 18 3.2 Costs and Expenses............................................................................................................ 18 Consolidated .................................................................................................................... 18 Distribution ...................................................................................................................... 19 Generation ....................................................................................................................... 21 Commercialization and Services ..................................................................................... 22 3.3 EBITDA ............................................................................................................................... 22 Consolidated .................................................................................................................... 22 Distribution ...................................................................................................................... 24 Generation ....................................................................................................................... 24 Commercialization and Services ..................................................................................... 24 3.4 Consolidated Financial Results .......................................................................................... 25 3.5 Debt ................................................................................................................................... 26 3.6 Net Income ........................................................................................................................ 28 3.7 Investments ....................................................................................................................... 29 Generation Capacity Expansion Projects ........................................................................ 30 4. Cash Flow ................................................................................................................................ 33 5. Corporate Governance ............................................................................................................ 34 6. Capital Market ......................................................................................................................... 35 7. Recent Events .......................................................................................................................... 37 8. Disclosure Program ................................................................................................................. 39

1. The Company
Light S.A. is a holding company that controls subsidiaries and affiliated companies in three main business segments: energy distribution, generation and commercialization/services. In order to increase the transparency of its results and provide investors with a better basis for evaluation, Light also presents its results by business segment. The Companys corporate structure in June 2013 is shown below:

Light S.A. (Holding)

100%

100%

51%

100%

25.5%

100%

100%

100%

100% Instituto Light

51%

20%
CR Zongshen E-Power Fabricadora de Veculos S.A.

Light Servios Light Energia de Eletricidade S.A. S.A.

Lightger S.A.

Itaocara Energia Ltda.

Light Esco Amaznia Prestao de Energia S.A. Servios S.A.

Lightcom Light Solues Comercializadora em Eletricidade de Energia S.A.

Ltda.

Axxiom Solues Tecnolgicas S.A.

21.99%

100%

100%

9.77%

Renova Energia S.A.

Central Elica Central Elica So Judas Fontainha Tadeu Ltda. Ltda.

Norte Energia S.A.

33% EBL Cia de Eficincia Energtica S.A.

51%

Guanhes Energia S.A.

Distribution

Generation

Commercialization and Services

Institutional Systems

Electric Vehicles

OPERATING INDICATORS N of Consumers (thousand) N of Employees Average provision tariff - R$/MWh Average provision tariff - R$/MWh (w/out taxes) Average energy purchase cost - R$/MWh Installed generation capacity (MW) Assured energy (MW) Pumping and internal losses (MW) Available energy (Average MW) Net Generation (GWh) Load Factor
Does not include purchase on spot.

2Q13 4,128 4,242 361 252 138 942 687 87 600 1,255 62.3%

2Q12 4,059 4,209 444 307 116 879 653 87 566 1,170 65.3%

Var. % 1.7% 0.8% -18.8% -17.9% 18.7% 7.1% 5.2% 6.0% 7.3% -

2. Operating Performance
2.1 Distribution
TOTAL ENERGY CONSUMPTION (GWh) (CAPTIVE + FREE) - QUARTER

2.5%

837

942

0.1% 1,969 1,972 1,867 182

5.1% 1,962 215 1,748 607 373 678 342 2Q13 937 48 889 2Q12 942 49 893 2Q13 2Q12 2Q13 4.1% 0.6% 4,916 4,954

1,685

2Q12

2Q13

2Q12

2Q13

2Q12

Residential

Commercial

Industrial Captive Free

Others

Total

Total energy consumption in Light SESAs concession area (captive clients + transport of free clients2) came to 5,897 GWh in 2Q13, 2.5% up on 2Q12, chiefly due to the 5.1% increase in commercial consumption and the 4.1% upturn in industrial consumption. If consumption by the free client CSN is taken into account, total consumption came to 6,304 GWh in 2Q13, 2.3% higher than the 6,160 GWh recorded in 2Q12. Residential consumption totaled 1,972 GWh in the quarter, just 0.1% up on 2Q12 despite the 1.2C year-on-year temperature drop in April, accounting for 33.4% of the total market. Commercial clients consumed 1,962 GWh, 5.1% more than in 2Q12, accounting for 33.3% of the total, impacted by healthy economic activity in the concession area. Another two clients joined the free market in 2Q13, having been recorded under captive clients in 2Q12, resulting in a 3.3 GWh period increase in free market consumption.

To preserve comparability with the market approved by ANEEL in the traffic adjustment process, the billed energy of the free consumer CSN was excluded, in view of this clients then planned migration to the core network. Energy consumption by CSN totaled 407 GWh in 2Q13 and 407 GWh in 2Q12.

Industrial consumption amounted to 1,021 GWh, equivalent to 17.3% of the total market, 4.1% up on 2Q12, driven by the free market, which recorded growth of 11.7%, chiefly due to the paper and steel industries. Two clients migrated from the captive to the free market, totaling 1.1 GWh in 2Q13. The other consumption segments, which accounted for 16.0% of the total market, posted an upturn of 0.6% over 2Q12, with the rural, government and public utility categories, which represented 0.2%, 6.8% and 5.7% of the total market, respectively, recording a reduction 1.8%, and increase of 1.1% and 0.1%, respectively.

TOTAL ENERGY CONSUMPTION (GWh) (CAPTIVE + FREE) - YEAR

3.1%

1,639 1.8% 4,317 4,395 3,808 374 3,434 6.5% 4,055 430 3,625 1,167 774 1H12 1H13 1H12 1H13 1H12 1,244 701 1H13 0.2% 1,868 98 1,771 1H12 2.2% 10,295 1,909 103 1,806 1H13 1H12

1,777

10,526

1H13

Residential

Commercial

Industrial Captive Free

Others

Total

Total energy consumption in Light SESAs concession area (captive clients + transport of free clients3) amounted to 12,303 GWh in 1H13, 3.1% up on 1H12, primarily influenced by the performance of the commercial sector and the suspension of long-term default clients, which reduced 1H13 billed consumption by 35 GWh. Excluding this effect, consumption increased by 3.4% year-on-year. If consumption of the free client CSN is taken into account, total consumption came to 13,145 GWh in 1H13, versus 12,687 GWh in 1H12. Residential consumption totaled 4,395 GWh in 1H13, 1.8% up on 1H12 and accounting for a 35.7% of the total market, due to the termination of contracts with clients with long-term default and the reclassification of

To preserve comparability with the market approved by ANEEL in the tariff adjustment process, the billed energy of the free consumer CSN was excluded, in view of this clients then planned migration to the core network. Energy consumption by CSN totaled 841 GWh in 1H13 and 754 GWh in 1H12.

condominiums from the residential to the commercial segment. Excluding these effects, residential consumption increased by 5.3%. Average monthly consumption climbed from 188.9 kWh in 1H12 to 196.4 kWh in 1H13. Commercial clients consumed 4,055 GWh, 6.5% up year-on-year and accounting for 33.0% of the total, fueled by the the reclassification of condominiums from the residential to the commercial segment and the excellent performance of the retail, building service and health-related service segments, which recorded respective upturns of 2.9%, 29.3% and 3.4%, and corresponding to shares of 29.5%, 15.3% and 3.9%. Excluding the condominium reclassification effect, commercial consumption grew by 3.5%. In 1H13, 21 clients migrated to the free market, representing total consumption of 40 GWh. In addition, the 71 existing free market clients consumed 25 GWh more than in 1H12. In 1H13, industrial consumption amounted to 1,945 GWh, up by just 0.2% on 1H12. Eight clients migrated to the free market between the two periods, representing consumption of 25 GWh in 1H13.

Energy Balance
DISTRIBUTION ENERGETIC BALANCE - GWh Position: January - June 2013
PROINFA 242.4 CCEAR Light Energia 25.0 ITAIPU (CCEE) 2,638.3 AUCTIONS (CCEE) 3,838.2 NORTE FLU (CCEE) 3,150.1 OTHERS(*) (CCEE) 749.3 Shares 3,819.5 ANGRA I & II 442.5 Billed Energy 10,526.3

Residential 4,394.6 Industrial 701.1 Commercial 3,624.9 Losses + Non Billed Energy 4,132.3 Others 1,805.7

Own load Light

14,658.6

Required E. (CCEE)
14,905.3

Basic netw. Losses Adjustment

215.3 31.4

(*) Others = Purchase in Spot - Sale in Spot. Note: 1) At Light S.A., there is intercompany power purchase/sale elimination 2) Power purchase data as of 04/09/2013 (subject to change)

Energy Balance (GWh) = Grid Load - Energy transported to utilities - Energy transported to free customers* = Own Load - Captive market consumption
Low Voltage Market Medium Voltage Market

2Q13 8,619 596 1,318 6,705 4,954

3,262 1,692

2Q12 Var. % 1H13

1H12 Var. %

8,600 0.2% 18,529 18,283 1.3% 664 -10.2% 1,229 1,314 -6.4% 1,223 7.8% 2,641 2,427 8.8% 6,712 -0.1% 14,659 14,543 0.8% 4,916 0.8% 10,526 10,295 2.2%
3,211 1,706 1.6% -0.8% 7,058 3,468 6,823 3,472 3.4% -0.1%

= Losses + Non Billed Energy

*Including CSN

1,750 1,796 -2.6% 4,132 4,248 -2.7%

Energy Losses
Non-technical energy losses totaled 5,953 GWh in the last 12 months, accounting for 44.2% of billed energy in the low-voltage market (ANEEL criterion), 120 bps down on the 12 months ended December 2012. Light SESAs total energy losses amounted to 8,582 GWh, or 23.4% of the grid load, in the 12 months ended June 2013, 20 bps down on December 2012.
Non tecnical losses / Low Voltage market 12 months
5,457 42.2% 34.2% 5,615 43.1% 33.8% 6,007 45.4% 6,029 44.9% 5,953
7,838

Light Losses Evolution 12 months

8,057 22.7% 15.8% 8,584 23.6% 16.5% 8,647 23.6% 16.5% 8,582 23.4% 16.3%

44.2%

22.3% 15.6%

33.3%

32.8%

32.4%
Jun-12 Sep-12 Losses / Grid Load % Dec-12 Mar-13 Jun-13

Jun-12

Sep-12 Dec-12 Mar-13 Non-Technical Losses % Low Voltage Mkt Regulatory Losses Losses (GWh)

Jun-13

Non-Tecnical Losses / Grid Load Losses (GWh)

In order to improve the reduction in non-technical energy losses, Light has been investing in initiatives that include conventional fraud inspection procedures, the upgrading of network and measurement systems, and the Zero Loss Area program (APZ). The main highlights are as follows:

Normalized Costumers

8.0% 24,143

26,077

Consumer unit inspections: this initiative is directed at low-voltage residential clients, who are selected by an intelligence system. The Company conducted 13,831 regularization procedures in 2Q13, 9.4% up on the 12,638 recorded in 2Q12), resulting in the incorporation of 11.7 GWh, versus 9.8 GWh in the same period last year. However, energy climbed by 16%, from 25.6 GWh, in 2Q12, to 29.8 GWh. The assertiveness ratio increased 560 bps year-on-year, demonstrating the improved efficiency of the potential fraudulent client selection process.

1S12

1S13

Recovered Energy (GW)

69.4 37.6% 50.4

Indirect low-voltage inspections: the inspection of major clients through indirect low-voltage measurement systems, accounts for an important share of Lights energy incorporation and recovery. In 2Q13, the Company conducted 1,190 such regularizations, up from 780 in the same period in 2012, while incorporated energy increased from 5.5 GWh to 14.9 GWh and recovered energy fell from 6.2 GWh to 5.5 GWh, respectively.
1S12

1S13

10

Installation of remote electronic metering devices: SMC (centralized metering system) devices are installed in areas with high loss rates, with or without the support of Pacifying Police Units (UPPs). The UPPs give Light more room for maneuver in regard to combating default or energy theft. The Company installed 9,795 such devices in UPP-protected areas in 2Q13, resulting in the incorporation of 17 GWh. In areas outside the sphere of the UPPs, Light installed 25,267 devices, with the incorporation of 17.3 GWh. The goal is to reach 460,000 electronic meters installed by year-end.

Energy Incorporation (GW)

1.0% 35.3 35.6

1S12

1S13

Zero Loss Areas (APZ): in August 2012, the Company created the APZ Project, based on a combination of electronic metering and a shielded network, supported by dedicated teams of technicians and customer relations personnel with clearly defined targets, whose compensation is tied to improving loss and default indicators in their respective areas. A typical APZ has around 15,000 clients. The project, known commercially as Light Legal, which receives support from SEBRAE in regard to training partnering microentrepreneurs, closed June 2013 with 20 operational APZs and 318,000 clients in the Baixada

Electronic Meters Installed (thousand units)

376 50.4% 250

jun-12

jun-13

Fluminense region, and the citys west and north sides. The 2013 goal is to reach a total of 30,000 Light Legal units, comprising around 400,000 clients (10% of the total). Since the beginning of the project, the APZs in place have already resulted in an average 2600 bps reduction in non-technical energy losses on low-voltage billings and an average revenue increase of 700 bps. The results per installed APZ through June are shown below:

11

Neighborhood Curicica Realengo Cosmos Sepetiba Caxias 1 e 2 Belford Roxo 1 e 2 Vigrio Geral Caxias 3 Nova Iguau 1 Nova Iguau 2 Nilpolis Nilpolis Convencional Ricardo de Albuquerque Mesquita Cabritos/Tabajaras/Chapu Mangueira/Babilnia Coelho da Rocha Batan Total

Client Numbers 13,034 10,141 35,216 18,960 13,907 20,005 16,141 16,768 32,423 20,500 9,923 11,080 24,593 8,759 5,277 17,621 7,151 281,499

Non-Technical Losses / Low Voltage Market * 11.9% 15.8% 20.8% 31.5% 22.9% 29.1% 15.8% 22.9% 31.5% 24.5% 28.5% 14.0% 18.1% 34.0% 11.6% 16.8% 9.5% 22.5%

Collection Rate 99.0% 98.1% 105.1% 97.4% 93.7% 94.8% 99.6% 98.7% 97.9% 96.2% 94.1% 96.7% 97.6% 94.8% 96.7% 91.6% 103.5% 98.2%

* Reflects the results accumulated until jun/13 since the begining of the implementation of each APZ.

Communities
Since the beginning of the pacification process in low-income communities in the state of Rio de Janeiro in 2009, Light has increased its presence in these areas in order to improving the quality of supply and avoiding energy theft. Up to June 2013, the Company installed 79,000 electronic meters in the

Areas Santa Marta Cidade de Deus 1 Chapu Mangueira Babilnia Cabritos Tabajaras Formiga Batan Borel

Losses Collection Conclusion Year Before Current Before Current 2009 2010 2010 2011 2011 2012 2013 95.0% 52.1% 62.7% 62.3% 73.3% 61.8% 60.5% 5.1% 14.5% 8.6% 11.8% 10.8% 8.9% 26.1% 0.2% 23.1% 16.2% 5.4% 1.4% 9.5% 31.4% 1.2% 9.4% 98.3% 96.2% 101.4% 97.1% 96.6% 95.1% 92.6% 91.0% 84.3%

communities.

Of the 33 communities with Pacifying Police Units, Light is present in 15 and has already concluded the remodeling of the network in nine, recording an average 518 bps loss reduction (from 64.1% to 12.3%) and an average 804 bps in timely payments (from 9.6% to 93.3%), as can be seen in the adjacent table.

12

Collection
The 2Q13 collection rate totaled 104.2% of billed consumption, 30 bps up on 2Q12 and 220 bps more than in 2Q11. All segments recorded rates of more than 100%, indicating the payment of past due and current bills, chiefly due to the continuity of the program to combat default in the quarter.
Retail Large Costumers
2Q11 100.7% 105.0% 104.5% 101.8% 101.4% 100.1% 108.3%107.4%108.1% 103.9%104.2% 102.0%

Collection Rate per Segment Quarter

Public Sector
2Q12 2Q13

Total

The first-half collection rate came to 102.5%, once again with all segments recording more than 100%, primarily due to the ongoing program to combat default with the
103.4% 102.0% 98.0% 95.6% 100.1% 101.6% 99.7% 97.7% 99.3%

Collection Rate per Segment Half

104.0% 102.5% 102.5%

progressive installation of electronic meters, more efficient collection procedures, the increasing number of disconnections, and

the change in the criterion for treating clients with long-term default. In 2Q13, provisions for past due accounts (PCLD) totaled R$48.4 million, representing 2.5% of gross billed energy, R$23.8 million less than the R$72.2 million provisioned in 2Q12, or 3.4% of gross billed energy. In the last 12 months, excluding the non-recurring provisioning in 4Q12, PCLD represented 1.3% of gross billed energy in June 2013, 160 bps down year-onyear, once again reflecting the constant
Dec-11 Mar-12 Dec-12 Sep-11 Sep-12 Jun-12 Jun-11

Retail

Large Costumers
1H11 1H12

Public Sector
1H13

Total

PCLD/Gross Revenue (Billed Sales) 12 Months

3.2% 3.2% 3.2% 3.0% 3.0% 2.9% 2.4% 2.4% 2.8% 2.6%

1.9% 1.5%
Mar-13

1.3%

the criterion for treating clients with long-term default as of February 2012.

PCLD/ROB

Non-recurring provisions (4Q12)

Provisions for Past Due Accounts

2Q13 PCLD 48.4

R$ MN 2Q12 1H13 72.2

1H12

2Q13 2.5%

% PCLD/ROB 2Q12 1H13 3.4% 1.8%

1H12 3.0%

77.4 133.9

13

Jun-13

initiatives to reduce default and the change in

Operating Quality
Light is fully committed to maintaining the supply of high-quality electricity. In the second quarter of 2013, it invested R$24.4 million to improve the quality of its supply. In addition to improving relations between the distributor and its clients, quality levels will be of major importance in the regulatory model, given the rules approved for the 3rd tariff revision cycle. Companies will be encouraged to improve their quality standards, which will be recognized through the X factor. In 2Q13, 283 medium-voltage distribution circuits were inspected/maintained, 1,106 transformers were replaced and 30,669 trees were pruned. In the underground distribution network, 6,517 transformer vaults and 11,494 manholes were inspected. In addition, 1,101 transformers, 57 switches and 29 protectors were maintained. In the 12 months through June, the moving average of the equivalent length of interruption indicator (DEC), expressed in time, registered 20.49 hours, while that of the equivalent frequency of interruption indicator (FEC), expressed in occurrences, stood at 9.05 times. In order to reverse this downward trend in the overall quality indicators, it was implemented an organizational restructuring of the Company, focusing on the processes of operation and maintenance of the power grid, and in parallel, is effective an emergency action plan, charaterized by more intensive tree pruning and energy network maintenance measures. Besides, it was implemented in june, a new software management - GDIS, aiming to assist in this process.

DEC e FEC - 12 months

20.49 15.89 2.69 7.55 9.05

DEC e FEC - Without Purge Quarter

3.80

1.79 1.38

DEC Jun-12

FEC Jun-13

DEC 2Q12

FEC 2Q13

14

2.2 Generation
LIGHT ENERGIA (GWh) Regulated Contracting Environment Sales Free Contracting Environment Sales Spot Sales (CCEE) Total 2Q13 254.5 880.2 14.2 1,148.9 2Q12 977.2 186.9 133.6 1,297.7 % -74.0% 370.8% -89.4% -11.5% 1H13 1H12 %

518.1 2,029.1 -74.5% 1,859.8 318.2 484.5% 37.6 464.9 -91.9% 2,415.5 2,812.2 -14.1%

Light Energia sold 1,148.9 GWh in the second quarter of 2Q13, 11.5% down year-on-year due to lower spot market sales, which came to just 14.2 GWh this quarter, 89.4% less than in 2Q12, due to exceptionally poor hydrological conditions, impacted by low average rainfall and the consequent depletion of hydro plant reservoirs. The Generation Scaling Factors (GSF) in April, May and June came to 101.7%, 100.2% and 97.8%, respectively, versus 113.2%, 107.1% and 106.3% in the same months in 2012. Energy sold on the captive market (ACR) totaled 254.5 GWh, 74.0% down year-on-year mainly due to the maturity of the energy sale contracts acquired at the mega-auction in 2004, equivalent to 345 averageMW. These contracts were renegotiated on the free market (ACL), whose energy sales moved up by 370.8% as a result, reaching 880.2 GWh. First-half energy sales totaled 2,415.5 GWh, 14.1% down on 1H12, also due to the exceptionally poor hydrological conditions, impacted by low average rainfall and the consequent depletion of hydro plant reservoirs.

2.3 Commercialization and Services

In the second quarter of 2013, direct energy sales by Light Esco and LightCom, from conventional and subsidized sources, totaled 1,049.8 GWh, versus 385.7 GWh in the same period last year. The expansion was mainly due to the sale of Light Energias energy which became available after the end of the contracts executed at the 2004 auction.
385.7 172.2% 1,049.8 784.4 165.2%

Volume (GWh)
2,080.6

In the service segment, the Company entered into an agreement to remodel a chilled water plant in a large shopping mall in Rio de Janeiro.
2Q12 2Q13 1H12 1H13

Currently, Light Esco has 12 projects under development, including a co-generation project for a large beverage company, with total investment of approximately R$85 million, and a project for the construction of a solar power plant in the Maracan soccer stadium through EDF Consultoria em Projetos de Gerao de Energia Eltrica Ltda., 51% owned by Light ESCO and 49% by EDF Consultoria. Light Escos investment totals R$6 million. First-half energy sales totaled 2,080.6 GWh, 165.2% up on the 784.4 GWh recorded in 1H12.

15

3. Financial Performance
3.1 Net Revenue Consolidated
Net Revenue (R$ MN) Distribution Billed consumption Non billed energy Network use (TUSD) Short-Term (Spot) Others Subtotal (a) Construction Revenue Subtotal (a') Generation Generation Sale (ACR+ACL) Short-Term Others Subtotal (b) Commercialization and Services Energy Sales Services Subtotal (c) Others and Eliminations (d) Total w/out construction revenue (a+b+c+d) Total (a'+b+c+d) 2Q13 1,360.2 (46.4) 146.4 5.1 20.3 1,485.7 175.6 1,661.2 117.1 13.2 1.7 132.0 167.4 3.0 170.4 (117.1) 1,670.9 1,846.5 2Q12 1,319.5 (22.5) 143.2 16.9 15.2 1,472.3 162.2 1,634.5 89.1 21.6 1.6 112.3 57.9 11.9 69.8 (26.5) 1,627.9 1,790.1 Var.% 3.1% 105.6% 2.2% -70.1% 33.4% 0.9% 8.2% 1.6% 31.5% -39.2% 4.6% 17.5% 189.1% -75.1% 144.2% 341.1% 2.6% 3.2% 1H13 2,969.2 (126.0) 285.7 5.1 37.8 3,171.8 332.8 3,504.7 260.7 13.2 3.4 277.3 334.6 12.3 346.9 (264.0) 3,532.0 3,864.8 1H12 2,768.0 3.0 280.8 17.6 42.0 3,111.4 299.7 3,411.1 170.8 34.4 3.3 208.5 105.3 13.0 118.2 (49.1) 3,389.1 3,688.8 Var.% 7.3% 1.8% -71.3% -10.0% 1.9% 11.1% 2.7% 52.6% -61.8% 5.9% 33.0% 217.8% -5.3% 193.3% 438.2% 4.2% 4.8%

Balance of the settlement on the CCEE The subsidiary Light SESA counts revenues and costs, with zero margin, related to services of construction or improvement in infrastructure used in services of electricity distribution.

Consolidated net operating revenue totaled 1,846.5 million in 2Q13, 3.2% up on 2Q12. Excluding revenue from construction, which has a neutral effect on net income, consolidated net revenue increased by 2.6% to 1,670.9 million. All of the Companys operational segments recorded growth, led by generation and commercialization, thanks to energy sales to the free market at higher prices, replacing older sales contracts to the captive market. Excluding construction revenue, first-half consolidated net revenue totaled R$3,532.0 million, 4.2% up on 1H12.

16

Distribution
Net revenue from distribution totaled R$1,661.2 million in 2Q13, 1.6% more than in 2Q12. Excluding revenue from construction, net revenue from distribution amounted to R$1,485.7 million, 0.9% up year-on-year. The improvement was mainly due to the 2.5% upturn in total market consumption and the average 12.27% increase in the captive market energy tariff as of November 7, 2012, partially offset by the extraordinary tariff adjustment of January 24, 2013, which reduced tariffs by 19.63%, on average. The distribution market consists mostly of the residential and commercial segments, which together accounted for 72.1% of the energy sales revenue in 2Q13. Free market sales accounted for 10%.

Electric Energy Consumption - (GWh) 2Q13

Industrial 6% 342.3 Others 15% 892.9 Residential 33% 1,971.5

Net Revenue by Class R$ MN - 2Q13

Industrial 5% 82.9 146.4 Residential 42%

TUSD 10% Others 13%

191.1

942.2 Free Clients 16% 1,747.7 Commercial 30% Commercial 30%

633.9

452.4

Excluding revenue from construction, net revenue from distribution came to R$3,171.8 million in the first half, 1.9% up year-on-year, chiefly due to the 3.1% increase in market consumption.

Generation
Net revenue from generation totaled R$132.0 million in the quarter, 17.5% more than in 2Q12, chiefly due to the substantial 370.8% increase in the volume of energy sold on the free market (ACL), whose contract prices are higher than on the captive market, where this energy was previously sold. The average sale price, net of taxes, weighted by both markets, stood at R$103.2/MWh, 34.9% up on the R$76.5/MWh recorded in 2012. First-half net revenue totaled R$277.3 million, 33.0% up on 1H12, primarily due to the higher price and volume of energy contracts traded on the free market (ACL), as well as the increase in the average spot market price.

17

Commercialization and Services

Net revenue from commercialization and services stood at R$170.4 million in 2Q13, 144.2% up on 2Q12, chiefly due to the substantial period increase in prices and volume of energy sold, primarily as a result of the reallocation of Light Energias captive market contracts terminated at the close of last year to the free market. The average sales price, net of taxes, totaled R$159.5/MWh in 2Q13, 6.2% more than the R$150.1/MWh recorded in 2Q12. First-half net revenue totaled R$346.9 million, 193.3% up on the same period last year.

3.2 Costs and Expenses Consolidated

Costs and Expenses (R$ MN) Distribution Distribution w/out Construction Revenue Generation Commercialization Others and Eliminations Consolidated w/out Construction Revenue Consolidated 2Q13 (1,570.5) (1,395.0) (43.2) (164.7) 112.8 (1,490.2) (1,665.7) 2Q12 (1,537.8) (1,375.6) (39.4) (62.3) 23.1 (1,454.2) (1,616.4) Var.% 2.1% 1.4% 9.8% 164.5% 388.7% 2.5% 3.1% 1H13 (3,266.5) (2,933.7) (81.4) (328.6) 253.7 (3,089.9) (3,422.7) 1H12 (3,034.6) (2,734.9) (73.0) (107.2) 42.2 (2,872.9) (3,172.6) Var.% 7.6% 7.3% 11.5% 206.4% 501.1% 7.6% 7.9%

In 2Q13, operating costs and expenses totaled R$1,665.7 million, 3.1% up year-on-year. Excluding construction costs, consolidated costs and expenses climbed by 2.5% over 2Q12, mainly driven by the 164.5% increase in commercialization segment costs, due to the increased volume of energy purchased for resale, in addition to the 2.1% upturn in costs and expenses from the distribution segment. Eliminations totaled R$112.8 million, up 388.7% year-on-year, chiefly due to Light Escos energy purchases from Light Energia. In 1H13, consolidated costs and expenses, excluding construction costs, totaled R$3,089.9 million, 7.6% more than in 1H12.

18

Distribution
Costs and Expenses (R$ MN) Non-Manageable Costs and Expenses Energy Purchase costs Costs with Charges and Transmission Others (Mandatory Costs) Manageable Costs and Expenses PMSO Personnel Material Outsourced Services Others Provisions Depreciation and Amortization Other Operacional/Revenues Expenses Construction Revenue Total costs w/out Construction Revenue Total Costs 2Q13 (1,036.6) (905.3) (126.4) (4.8) (358.4) (202.3) (65.2) (3.9) (108.6) (24.5) (66.6) (83.8) (5.7) (175.6) (1,395.0) (1,570.5) 2Q12 (1,053.0) (841.1) (207.8) (4.1) (322.6) (169.9) (61.7) (3.8) (89.2) (15.2) (84.0) (67.9) (0.8) (162.2) (1,375.6) (1,537.8) Var.% -1.6% 7.6% -39.2% 17.2% 11.1% 19.0% 5.6% 3.0% 21.7% 62.0% -20.7% 23.6% 567.2% 8.2% 1.4% 2.1% 1H13 (2,258.2) (1,944.8) (304.3) (9.1) (675.5) (386.3) (138.3) (7.6) (197.2) (43.2) (111.8) (164.5) (12.9) (332.8) (2,933.7) (3,266.5) 1H12 (2,079.2) (1,662.7) (408.3) (8.3) (655.7) (337.6) (126.5) (7.4) (174.4) (29.3) (170.5) (143.6) (4.1) (299.7) (2,734.9) (3,034.6) Var.% 8.6% 17.0% -25.5% 10.1% 3.0% 14.4% 9.3% 3.3% 13.1% 47.4% -34.4% 14.6% 219.2% 11.1% 7.3% 7.6%

In 2Q13, distribution costs and expenses moved up by 2.1% over 2Q12. Excluding construction costs, total costs and expenses grew by 1.4%, mainly due to the 11.1% increase in manageable costs and expenses.

Non-Manageable Costs and Expenses

In 2Q13, non-manageable costs and expenses came to R$1,036.6 million, 1.6% down on the same period in 2012. This result already includes the impact of Decree 7945/13, with the booking of R$55.8 million from the transfer of CDE funds to reduce costs. Purchased energy costs increased by 7.6% over 2Q12, chiefly due to the increase in the difference settlement prices (PLD) from R$164.0/MWh, in 2Q12, to R$249.5/MWh, which resulted in higher expenses with Availability Contracts, due to thermal plant dispatch by the National System Operator (ONS) as a result of depleted hydro plant reservoirs. Other contributing factors included the contract adjustment with UTE Norte Fluminense in November 2012, and the depreciation of the Real, which impacted the cost of acquiring energy from Itaipu.

Purchased Energy - R$ MN Half

1,944.8 1,662.7 2.3% 16.5% 28.3%
52.9% 53.7%

17.0%

2.7% 15.9% 27.6%

1H12
AUCTIONS NORTE FLU

1H13
ITAIPU SPOT

Purchased Energy- GWh Half

15,032 1.7% 2.4% 17.6% 21.1% 14,946 -0.6% 1.6% 5.3% 17.7% 21.1%

57.2%

54.4%

1H12 AUCTIONS SPOT NORTE FLU PROINFA

1H13 ITAIPU

19

Costs with charges and transmission fell by 39.2%, mainly due to the reduction in the network use charge, as a result of the renewal of certain transmission companies contracts. The following table gives a breakdown of non-manageable costs:
Non-Manageable Costs and Expenses (R$ MN) Energy Purchase costs Itaipu TPP Norte Fluminense Short-Term Energy (Spot)
Hydrological Risk CDE - Hydrological Risk Quotas Exposure CDE - Quotas Exposure Others

2Q13 (905.3) (165.0) (270.0) 17.3

20.6 (1.6) (1.6)

2Q12

Var. %

1H13

1H12

Var. % 17.0% 13.1% 14.1% 39.2%

89.1%

(841.1) 7.6% (1,944.8) (1,662.7) (151.3) 9.0% (309.9) (274.1) (235.2) 14.8% (537.0) (470.6) (10.9) (53.0) (38.1)
(10.9) -85.0% 84.2% -20.3% (110.9) 129.8 (160.4) 160.4 (72.0) (462.2) (582.7) (38.1)

Energy Auctions
Availabilities Contracts Others

(487.8)
(236.5) (251.2)

(443.7)
(128.4) (315.3)

9.9% (1,044.8)

(879.9)
(199.1) (680.8)

18.7%
132.1% -14.4%

Costs with Charges and Transmission

System Service Charge (ESS) CDE - ESS Transported Energy Other Charges

(126.4)
(85.1) 57.4 (50.7) (48.0)

(207.8) -39.2%
(22.5) 278.2% (129.7) (55.6) -60.9% -13.7%

(304.3)
(300.4) 193.6 (103.5) (94.0)

(408.3)
(46.0) (260.6) (101.7)

-25.5%
553.1% -60.3% -7.5%

Others (Mandatory Costs) Total

(4.8) (4.1) 17.2% (9.1) (8.3) (1,036.6) (1,053.0) -1.6% (2,258.2) (2,079.2)

10.1% 8.6%

Non-manageable costs are passed on to consumer tariffs and any increase above the regulatory level constitutes a regulatory asset (CVA) balance, to be taken into account in the next tariff adjustment, but which is not recorded in the income statement in accordance with the International Financial Reporting Standards (IFRS). These regulatory assets totaled R$119.3 million in 2Q13, versus R$75.7 million in 2Q12. The average purchased energy cost, excluding spot market purchases, amounted to R$134.9/MWh in 2Q13, 7.1% up on the R$126.0/MWh recorded in 2Q12. Manageable Costs and Expenses In 2Q13, manageable operating costs and expenses, comprising personnel, material, outsourced services, provisions, depreciation and others, totaled R$358.4 million, 11.1% up on 2Q12. Costs and expenses from personnel, materials, outsourced services and others (PMSO) totaled R$202.3 million, 19.0% up on 2Q12, chiefly due to the R$19.4 increase in outsourced services and the R$9.4 million upturn in the others line.

20

The 21.7% growth in outsourced services was due to higher costs with: (i) emergency services, due to heavy rainfall in May (R$5.6 million); (ii) tree pruning to improve quality (R$4.9 million); and (iii) the non-recurring impact of call center services (R$3.4 million). The 62.0% increase in the others line was due to software maintenance and improvements (R$8.3 million). The provisions line totaled R$66.6 million, 20.7% down on 2Q12, mainly driven by the R$23.8 million reduction in provisions for past due accounts (PCLD), which came to R$48.4 million in 2Q13, versus R$72.2 million in 2Q12. This result reflects the default-combating initiatives, in addition to the change in the criterion for treating clients with long-term default as of March 2012. The depreciation and amortization line increased by 23.6%, due to the preparation of the remuneration base, thanks to the high volume of investments and intense use of assets.

Generation
Operating Costs and Expenses (R$ MN) Personnel Material and Outsourced Services Purchased Energy (CUSD) Depreciation Other Operacional/Revenues Expenses Others (includes provisions) Total 2Q13 (6.3) (5.2) (10.3) (13.7) 0.2 (7.8) (43.2) 2Q12 (5.4) (4.4) (6.9) (14.0) (0.0) (8.6) (39.4) Var.% 17.7% 18.0% 48.6% -2.0% -9.3% 9.8% 1H13 (11.6) (8.8) (17.9) (27.5) 0.2 (15.8) (81.4) 1H12 (10.6) (8.1) (11.4) (28.1) 1.9 (16.8) (73.0) Var.% 10.1% 8.6% 56.7% -2.0% -91.5% -6.2% 11.5%

In 2Q13, Light Energias costs and expenses amounted to R$43.2 million, an increase of 9.8% over 2Q12, due to the increase in the purchased energy line, in turn mostly due to the purchase of energy generated by the Paracambi SHP totaling R$3.7 million. Second-quarter costs and expenses were broken down as follows: personnel (14.7%), materials and outsourced services (12.0%), CUSD/CUST distribution/transmission system usage/Purchased Energy (23.8%), depreciation and others (49.5%). PMSO per MWh in the quarter came to R$16.1/MWh, versus R$15.3/MWh in 2Q12. In 1H13, Light Energias costs and expenses came to R$81.4 million, R$8.4 million more than the R$73.0 million reported in 2Q12, due to energy purchases from the Paracambi SHP totaling R$7.9 million.

21

Commercialization and Services

Operating Costs and Expenses (R$ MN) 2Q13 2Q12 Var. % 1H13 1H12 Var. %

Personnel (2.0) (1.5) 27.5% (3.9) (2.6) 50.6% Material and Outsourced Services (2.8) (6.8) -59.1% (2.8) (7.7) -63.7% Purchased Energy (159.3) (53.1) 199.9% (320.8) (95.6) 235.4% Depreciation (0.0) (0.1) -68.8% (0.1) (0.4) -80.5% Other Operacional/Revenues Expenses Others (includes provisions) (0.6) (0.6) -8.1% (1.0) (0.9) 10.7% Total (164.7) (62.3) 164.5% (328.6) (107.2) 206.4% Costs and expenses totaled R$164.7 million in 2Q13, 164.5% higher than in the second quarter of 2012, and R$328.6

milion in the first half, 206.4% more than the R$107.2 million recorded in 1H12. This increase was chiefly due to purchased energy costs, which increased by R$225.2 million year-on-year, due to the higher volume of energy purchased for commercialization.

3.3 EBITDA4 Consolidated

Consolidated EBITDA (R$ MN) Distribution Generation Commercialization Others and eliminations Total EBITDA Margin (%) 2Q13 2Q13 174.5 100.1 4.3 (1.0) 277.9 16.6% 2Q12 166.2 86.6 7.6 (5.4) 255.1 15.7% Var.% 5.0% 15.6% -43.8% -81.3% 8.9% 1H13 402.6 219.4 14.2 (3.2) 633.1 17.9% 1H12 521.8 164.2 11.4 (8.9) 688.5 20.3% Var.% -22.8% 33.6% 24.1% -64.4% -8.0% -

Consolidated EBITDA totaled R$277.9 million in 2Q13, 8.9% up on 2Q12, accompanied by an EBITDA margin5 of 16.6%, up by 90 bps, primarily due to the termination of energy generation contracts in the captive market, whose energy is now contracted in the free market at higher prices. As a result, the generation segment increased its period share of consolidated EBITDA from 33.3%, in 2Q12, to 35.9%, while the share of the distribution and commercialization segments fell from 63.8% to 62.6%
EBITDA per segment* 2Q13
Generation - 35.9% (EBITDA margin: 75.9%)

EBITDA per segment* 2Q12

Distribution - 62.6% (EBITDA margin: 11.7%) 4

Distribution - 63.8%

11.3%) EBITDA is calculated in accordance with CVM Instruction 527/2012 and (EBITDA refers to margin: net income + income and social contribution taxes + net financial expenses + depreciation and amortization. 5 Revenue from construction was not considered in the calculation of the consolidated and distribution EBITDA margins, due toGeneration the booking- 33.3% of revenues and costs with a zero margin. (EBITDA margin: 77.1%)
Commercialization - 1.5% (EBITDA margin: 2.5%)
*Does not consider eliminations

Commercialization - 2.9% (EBITDA margin: 10.9%)

*Does not consider eliminations

22

and from 2.9% to 1.5%, respectively. When adjusted for the CVA, i.e. regulatory assets and liabilities that are taken into account in the next cycle of distribution tariff adjustments, reflecting, therefore, potential gross cash generation, adjusted EBITDA came to R$397.2 million in 2Q13, 20.1% up year-on-year.
EBITDA and Adjusted EBITDA 2Q12/2Q13- R$ Millions
20.1% 8.9%

76 331

43

(33)

(6)

17

0,2 278 278

119 397

255

Adjusted EBITDA 2Q12

Regulatory Assets and Liabilities

EBITDA 2Q12

Net Revenue

NonManagable Costs

Managable Other Provisions Costs Operacional (PMSO) Revenues

Equity Pikup

EBITDA 2Q13

Regulatory Assets and Liabilities

Adjusted EBITDA 2Q13

First-half EBITDA totaled R$633.1 million, 8.0% down on 2Q12, with an EBITDA margin of 17.9%. Including the CVA, EBITDA came to R$853.5 million, 12.0% up year-on-year.
EBITDA and Adjusted EBITDA 1H12/1H13- R$ Millions

12.0% -8.0%

74

143

(191)

(52)

220 (13) 59 (1) 854 633 633

762

689

Other Operacional /Revenues

Net Revenue

EBITDA 1H12

Equity Pickup

Adjusted EBITDA 1H12

EBITDA 1H13

Regulatory Assets and Liabilities

NonManageable Costs

Manageable Costs (PMSO)

Regulatory Assets and Liabilities

Provisions

23

Adjusted EBITDA 1H13

Distribution
The distribution companys EBITDA totaled R$174.5 million in 2Q13, 5.0% up on 2Q12. This result was chiefly due to higher revenue as a result of the 2.5% expansion of the market. This result already takes into account the impact of Decree 7,945/13 with the booking of the transfer of funds from the CDE to reduce costs in the amount of R$55.8 million. The EBITDA margin6 stood at 11.7%, 40 bps up year-on-year. Part of the purchased energy cost upturn comprises regulatory assets and liabilities (CVA), which are taken into account for tariff readjustment purposes. When adjusted for the CVA, distribution EBITDA came to R$293.8 million, 21.4% more than in 2Q12. In the first half, the distribution company posted EBITDA of R$402.6 million, 22.8% down on 1H12, impacted by the upturn in purchased energy costs. Including the CVA, adjusted 1H13 EBITDA came to R$623.1 million, a 4.6% year-onyear improvement. The EBITDA margin was 12.7%, 410 bps down on 1H12.

Generation
Light Energia recorded 2Q13 EBITDA of R$100.1 million, 15.6% up on 2Q12, due to the repricing of energy sales contracts, which increased the volume of energy sold on the free market (ACL), where contract prices are higher than on the captive market (ACR). The EBITDA margin stood at 75.9%, 130 bps down on 2Q12. In 1H13, EBITDA from generation amounted to R$219.4 million, up 33.6% on 1H12 for EBITDA margin of 79.1%, 40 bps up on 1H12.

Commercialization and Services

EBITDA from commercialization and services totaled R$4.3 million in 2Q13, 43.8% less than in 2Q12, chiefly due to reduced revenue from services, given the lower level of activity in this segment. The EBITDA margin came to 2.5%, 840 bps down on 2Q12. EBITDA in the first six months totaled R$14.2 million, 24.1% up on 1H12, with an EBITDA margin of 4.1%, down by 560 bps.

Revenue from construction was not considered in the calculation of the consolidated and distribution EBITDA margins, due to the booking of revenues and costs with a zero margin.

24

3.4 Consolidated Financial Result

Financial Result (R$ MN) Financial Revenues Income from financial investments Monetary and Exchange variation Swap Operations Moratory Increase / Debts Penalty Others Financial Revenues Despesas Financeiras Debt Expenses Monetary and Exchange variation Restatement of provision for contingencies Restatement of R&D/PEE/FNDCT Interest and fines on taxes Installment payment - fines and interest rates Law 11.941/09 (REFIS) Present value adjustment DIC/FIC Compensation Other Financial Expenses (Includes IOF) Braslight (private pension fund) Charges Monetary and Exchange Variation Total 2Q13 130.9 12.2 76.9 24.0 17.8 (226.4) (89.9) (71.7) (6.3) (4.9) (5.4) (2.8) 0.6 (12.5) (3.0) (30.5) (15.6) (14.8) (95.5) 2Q12 63.5 10.1 0.5 19.5 23.5 9.9 (184.6) (85.2) (20.3) (4.7) (1.8) (0.5) (4.0) (30.0) (9.9) 0.2 (28.5) (15.6) (12.9) (121.1) Var. % 106.3% 20.5% 294.8% 2.2% 80.2% 22.7% 5.6% 253.6% 33.8% 178.6% 929.8% -28.9% 27.1% 6.7% 0.0% 14.9% -21.1% 1H13 147.0 15.5 54.5 45.2 31.8 (381.3) (162.4) (62.9) (25.3) (6.0) (7.2) (5.5) 0.9 (37.6) (5.6) (69.9) (31.2) (38.6) (234.3) 1H12 93.7 23.5 2.2 17.6 42.1 8.2 (344.4) (179.9) (16.0) (17.5) (4.0) (0.7) (6.9) (29.1) (25.8) (4.4) (60.2) (31.3) (28.9) (250.7) Var. % 56.9% -34.2% 209.5% 7.3% 287.3% 10.7% -9.8% 294.3% 44.6% 50.6% 885.5% -20.3% 45.9% 28.4% 16.0% -0.2% 33.6% -6.5%

The 2Q13 financial result was a negative R$95.5 million, a 21.1% improvement over the negative R$121.1 million posted in 2Q12. Financial revenue totaled R$130.9 million, 106.3% up year-on-year, mainly due to the net swap result, partially offset by the financial expenses with the monetary and exchange variation. Further upward pressure came from the other financial revenue line, whose main effect was the updating of the distribution asset base in line with the new repositioning vale, totaling R$6.7 million, and the adjustment of escrow deposits in the amount of R$6.9 million. Financial expenses came to R$226.4 million, 22.7% up on 2Q12, chiefly due to the increase in the monetary and currency variation as a result of the depreciation of the Real against the dollar, although this was totally offset by the swap result, and the adjustment to present value in the amount of R$31.0 million in 2Q12, from the prepayment of a clients debt with Light. The first-half financial result was a negative R$234.3 million, 6.5% less than the negative result in 1H12.

25

3.5 Debt
R$ MN Brazilian Currency Light SESA Debenture 4th Issue Debenture 5th Issue Debenture 7th Issue Debenture 8th Issue Debenture 9th Issue - series A Debenture 9th Issue - series B Eletrobrs CCB Bradesco Working Capital - Santander BNDES (CAPEX) BNDES FINEM Banco do Brasil Others Light Energia Debenture 1st Issue Debenture 2st Issue Debenture 3st Issue BNDES (CAPEX) BNDES FINEM Others Light ESCO BNDES - PROESCO Foreing Currency Light SESA National Treasury Merril Lynch BNP Citibank Bank Tokyo Light Energia Citibank Gross Debt Cash Net Debt (a) Braslight Debt (b) Adjusted Net Debt (a+b) Short Term 582.7 550.1 0.0 159.6 8.9 2.9 0.5 95.2 5.5 120.9 149.9 4.0 2.7 29.0 3.3 12.6 0.2 7.0 5.8 0.0 3.5 3.5 17.0 16.2 8.9 5.9 0.8 0.5 0.1 0.8 0.8 599.6 % 9.5% 9.0% 0.0% 2.6% 0.1% 0.0% 0.0% 1.6% 0.1% 2.0% 2.5% 0.1% 0.0% 0.5% 0.1% 0.2% 0.0% 0.1% 0.1% 0.0% 0.1% 0.1% 0.3% 0.3% 0.1% 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 9.8% Long Term 4,734.0 4,064.0 0.0 648.9 469.6 1,000.0 600.0 6.3 300.0 80.0 565.3 243.9 150.0 662.2 171.3 423.5 29.9 26.1 11.4 7.8 7.8 767.6 590.4 30.6 105.2 100.1 221.6 132.9 177.2 177.2 5,501.7 % 77.6% 66.6% 0.0% 10.6% 7.7% 16.4% 9.8% 0.1% 4.9% 1.3% 9.3% 4.0% 2.5% 10.9% 2.8% 6.9% 0.5% 0.4% 0.2% 0.0% 0.1% 0.1% 12.6% 9.7% 0.5% 1.7% 1.6% 3.6% 2.2% 2.9% 2.9% 90.2% Total 5,316.7 4,614.1 0.0 159.6 657.8 472.5 1,000.0 600.0 6.8 395.2 85.5 686.2 393.8 154.0 2.7 691.2 174.7 436.1 30.0 33.2 17.2 0.0 11.4 11.4 784.6 606.5 39.5 111.1 100.8 222.0 133.1 178.1 178.1 6,101.3 2,045.2 4,056.1 1,066.6 5,122.7 % 87.1% 75.6% 0.0% 2.6% 10.8% 7.7% 16.4% 9.8% 0.1% 6.5% 1.4% 11.2% 6.5% 2.5% 0.0% 11.3% 2.9% 7.1% 0.5% 0.5% 0.3% 0.0% 0.2% 0.2% 12.9% 9.9% 0.6% 1.8% 1.7% 3.6% 2.2% 2.9% 2.9% 100.0%

117.3

949.3

The Company closed 2Q13 with gross debt of R$6,101.3 million, 44.0% more than at the end of 1Q13 and 52.6%, or R$2.3 billion, up year-on-year, due to period funding: (i) Light SESAs 8th debenture issue, totaling R$472 million, with

26

the FI-FGTS (August 2012); (ii) Light Energias 3rd debenture issue, totaling R$30 million, with the FI-FGTS (September 2012), (iii) the disbursement of R$490 million from the BNDES to Light SESA in 2012; (iv) foreign-currency loans of R$202 million and R$162 million from Citibank for Light SESA and Light Energia, both of which hedged by a Real swap transaction (August and September 2012); (v) the disbursement of R$150 million from Banco do Brasil to Light SESA (February 2013); (vi) a foreign-currency loan of R$121 million from Banco Tokyo-Mitsubishi to Light SESA, hedged by a Real swap transaction (March 2013); (vii) the disbursement of R$56 million from the BNDES to to Light SESA (May 2013); and (viii) Light SESAs 9th debenture

Debtedness (Brazilian Currency x Foreing Currency)

6.4% 16.1%

12.9%

93.6% 83.9%

87.1%

Jun-12

Mar-13

Jun-13 Foreign Currency

Brazilian Currency *0.4% without hedge

issue, totaling R$1.6 billion, with Banco do Brasil (June 2013), divided into two series, the first comprising of R$1.0 billion at the CDI interbank rate plus +1.15% and the second, of R$600 million, at the variation in the IPCA consumer price index plus 5.74%. The funds were used for investments, working capital and the prepayment of R$500 million in Commercial Notes issued in May 2013 and R$375 million in more expensive debt, including R$160 million from the 5th debenture issue, at a cost of the CDI plus 1.5%. The Net debt/EBITDA ratio fell from 2.73x in March 2013 to 2.62x in June 2013, reflecting the impact of the non-consolidation of debt from jointly-owned subsidiaries. As a result, the Company is still respecting its net debt/EBITDA covenant limit of 3.0x. The Company also has a covenant for the EBITDA/interest expense ratio, which should be higher than 2.5x. The result for this indicator in June was 4.83x. It is worth noting that non-compliance with the covenant only occurs if the limits determined by the indicators are not respected for two consecutive or four alternate
1006.5

Covenants Multiple R$ MN
+ + = Gross Debt Swap Pension Fund Cash Net Debt for covenants (a) EBITDA (12 months) Provision Other Operational Revenues/Expenses Regulatory Assets and Liabilities (CVA) Financial CVA EBITDA for covenants (b)

13-Jun 13-Mar
6,101.3 (97.5) 1,066.6 2,045.2 5,025.2 1,402.5 416.2 363.0 477.2 14.0 1,918.9 2.62

2012

4,471.8 4,666.0 (12.7) (29.4) 1,065.4 1,054.7 440.3 392.9 5,084.1 5,298.4 1,379.2 1,456.2 433.6 475.2 368.6 375.6 433.6 330.4 14.0 14.0 1,863.9 1,872.2 2.73 2.83

+ + =

Net Debt / EBITDA (a/b)

Amortization (R$ MN)

quarters.
663.3

771.9

799.2 665.1 437.4 441.7 441.6 191.6 347.1

The Companys debt has an average

266.0

term to maturity of 4.2 years, 50 bps below the average term for 1Q13. The
2013 2014 2015 2016 2017 2018 2019 2020 2021

2022

average cost of Real-denominated

After 2022

27

debt was 8.8% p.a., 110 bps up on the end-of-March figure, while the average cost of the foreign-currency debt (2.4% p.a.) was 30 bps up on the average cost in 1Q13. In June, 12.9% of total debt was denominated in foreign currency and, considering the FX hedge horizon, only 0.4% of this total was exposed to foreign currency risk, in line with the previous quarter. Lights hedge policy consists of protecting cash flow falling due within the next 24 months (principal and interest) through the use of non-cash swap instruments with premier financial institutions.

3.6 Net Income

Light posted net income of R$58.2 million in 2Q13, 46.2% up on the R$39.8 million reported in 2Q12, mainly due to the reduction in the financial expense and the operating performance of the distribution and generation segments.Adjusting for the portion of the upturn in purchased energy costs to be passed on in the next tariff adjustment through the creation of regulatory assets and liabilities (CVA) not recorded in the Income Statement, adjusted net income came to R$136.9 million, 52.5% up on 2Q12.
Net Income and Adjusted Net Income 2Q12/2Q13 - R$ Million
52.5% 46.2%

50 90 40 23

26

(14) (16) 58

79 137

Adjusted NI 2Q12

Regulatory Assets and Liabilities

2Q12

EBITDA

Financial Result

Taxes

Others

2Q13

Regulatory Adjusted NI Assets and 2Q13 Liabilities

First-half net income amounted to R$136.9 million, 23.90% down on 1H12. Including the CVA, adjusted 1H13 net income stood at R$282.3 million, up by 23.6% higher than in 1H12.

28

Net Income and Adjusted Net Income 1H12/1H13 - R$ Million

23.6% -23.9%

49 (55) 228 180 16 16 (20) 137

145 282

Adjusted NI Regulatory 1H12 Assets and Liabilities

1H12

EBITDA

Financial Result

Taxes

Others

1H13

Regulatory Adjusted NI Assets and 1H13 Liabilities

3.7 Investments
CAPEX (R$MN) Distribution Network reinforcement and expansion Losses Others Administration Commercial./ Energy Efficiency Generation Total 1H13 272.8 175.0 92.6 5.2 13.7 33.1 7.1 326.7 Partic. % 83.5% 64.2% 33.9% 1.9% 4.2% 10.1% 2.2% 100.0% 1H12 302.3 151.1 106.6 44.7 14.8 2.7 8.5 328.4 Partic. % 92.1% 50.0% 35.3% 14.8% 4.5% 0.8% 2.6% 100.0% Var % -9.8% 15.8% -13.1% -88.3% -7.6% 1137.4% -16.6% -0.5%

Light invested R$326.7 million in 1H13, in line with the 1H12 figure. The distribution segment absorbed 83.5%of the total, R$272.8 million, 9.8% down on 2H12. Of this total: (i) R$175.0 million went to the development of distribution and expansion networks to keep pace with market growth, strengthen the network and improve quality; and (ii) R$92.6 million went to the energy loss project (network protection, electronic meters and fraud regularization). Investments in the underground network are recorded under distribution network and quality improvement investments. Commercialization and energy efficiency Investments increased from R$2.7 million in 2Q12 to R$33.1 million in 2Q13, due to the co-generation project with a major beverage company.

29

Generation Capacity Expansion Projects

One of the pillars of Lights Strategic Plan is to increase the share of energy generation in its results. With this in mind, the Company has announced several projects to boost installed generating capacity, which now totals 942 MW. With the incorporation of the scheduled expansion projects, the position on June 30, 2Q13 was as follows:

Current Generation Park Existing Power Plants Installed Capacity (MW)* 132 380 100 187 56 74 13 942 Assured Energy (MW)* 104 335 51 115 32 (87) 40 10 600 Operation Start 1942 1953 1962 1924 1999 2008 2012 Act Date Concession / Authorization Expiration Date 2026 2026 2026 2026 2026 2033 2031

Fontes Nova Nilo Peanha Pereira Passos Ilha dos Pombos Santa Branca Elevatrias Renova SHPP Paracambi Total

jul-96 jul-96 jul-96 jul-96 jul-96 dec-03 feb-01

Generation Capacity Expansion Projects New Projects Installed Capacity (MW)* Assured Energy (MW)* 8 42 114 13 4 3 3 3 41 18 23 N/D 0 218 Operation Start 2015 1Q15 feb-15 dec-13 jan-14 feb-14 oct-13 sep-13 mar-14 jan-17 2015/2016 Concession / Authorization Expiration Date 2031 2036 2045 2032 2032 2032 2031 2046 2047 N/a N/a

SHPP Lajes HTT Itaocara Belo Monte Guanhes Dores de Guanhes Senhora do Prto Jacar Fortuna II Renova LER 2010

9 77 280 22 7 6 5 5 175 36 47 A-3 2011 5 A-5 2012 PPA 88 Total 564 *Light's proportional Participation 51% Light 21,99% Light 2,49% Light

30

The second quarter of 2013 was marked by the following events related to projects for expanding Lights generating capacity:

Lajes SHP

The basic project has already been approved by ANEEL. In June 2013, ANEEL altered the public service exploration regime to independent energy producer. As a result, the SHP obtained a 50% reduction in TUSD and TUST fees. Once the construction company is defined (expected in 2Q14), it will be possible to begin the works, with start-up scheduled for 2015, given that the project has already been granted an installation license. The 17 MW turbine will be installed in the old powerhouse of the Fontes Velha power plant. In addition to increasing generating capacity, the project also brings certain other benefits, such as increasing operational flexibility, upgrading supply of the CEDAE water main, controlling the Pira Rivers water level, and improving the quality of the water in the Lajes Reservoir.
Itaocara
The Itaocara Hydroelectric concession dates from February 2001, and currently belongs to a consortium comprising Itaocara Energia S.A. (51%) and Cemig Gerao e Transmisso S.A. (49%). Initially planned to generate 195 MW, the project was reviewed by the consortium following a request by Ibama, in order to minimize its environmental impact. As a result, the plant was split into two: the 145MW Itaocara I and the 50MW Itaocara II. After this division, the granting power only authorized the concession of Itaocara I to the consortium. On July 29, 2013, the Company obtained an installation license for the project. On 08/08/2013, the Companys Board of Directors approved, at meeting held today, the request of its subsidiary Itaocara Energia Ltda., which holds 51% of UHE Itaocara Consortium, to terminate the Concession Agreement 12/2001 before Aneel. The termination of the Concession Agreement will not result in any charge to Itaocara Energia, since it is entitled to the rights set forth in Article 4 - A of Law 9074/2005, introduced by Law 12839/2013, as to: (i) the release of guarantees of compliance with obligations concerning the Concession Agreement; (ii) the nonpayment for the Use of Public Asset; and (iii) the reimbursement for costs incurred in the preparation of studies or plans.

Renova Energia (Renova)

Alto Serto II - LER 2010 and A-3 2011

The 2010 LER and 2011 A-3 wind farms make up the Alto Serto II wind farm complex, with 386.1MW of installed capacity, which is located in Bahia, in the same region where the Companys Alto Serto I wind farm complex is located. In January 2013, the Company began to assemble and install the LER 2010 wind turbines. The ongoing works at LER 2010 include construction and electromechanical works and turbine delivery and assembly. Of the total of 100 foundations, 80 have already been laid and 53 of the 100 turbines have already been delivered, 39 are already fully assembled. The medium-voltage networks, substations and 230kV transmission lines are also being installed. The ongoing works at A-3 2011 refer to construction works. Of the total of 130 foundations, 41 have already been laid.

31

 Solar Power Plant:

In July 2013, Renova concluded the installation of a 13.3 kWp solar energy project in a private residence in Rio de Janeiro, and is awaiting connection authorization from the distributor.

Commercialization of a 15.0 average-MW contract in the free market.

In April 2013, Renova sold 15.0 average-MW of energy in the free market to be generated as of April 2015. The wind farms that will supply the energy will be installed in the same region as Alto Serto I, in the interior of Bahia. As a result, the companys contracted installed capacity totaled 1,290.4 MW, 41.8 MW of which from SHPs and 1,248.6 MW from wind farms. Renova is the leader of Brazils wind energy market.

32

4. Cash Flow
R$ MN Cash in the Beginning of the Period (1) Net Income Social Contributions & Income Tax Net Income before Social Contributions & Income Tax Provision for Delinquency Depreciation and Amortization Loss (gain) on intangible sales / Residual value of disposals fixed asset Losses (gains) on financing exchange activities Net Interests and Monetary Variations Braslight Atualization / provisions reversal Equity Pikup Financial Assets of the Concession Others Earning Before Taxes - Cash Basis Working Capital Contingencies Deferred Taxes Braslight Others Taxes Paid Interest Paid Cash from Operating Activities (2) Finance Obtained Dividends Loans and financing payments Financing Activities (3) Disposal of Assets/Intangible Fixed Assets/Intangible/Financial Assets Inflow/Acquisitions on Investment Investment Activities (4) Cash in the End of the Period (1+2+3+4) Cash Generation (2+3+4) 2Q13 435.9 58.2 26.6 84.8 48.4 97.7 7.0 72.3 86.4 30.5 21.0 0.5 (6.7) (76.9) 365.0 114.1 (22.2) 36.5 (29.1) (25.2) (13.3) (98.0) 327.8 2,158.4 (74.8) (595.6) 1,488.0 (186.0) (28.3) (214.4) 2,037.3 1,601.4 2Q12 583.7 39.8 12.2 52.0 72.2 82.1 0.7 20.3 116.4 28.5 16.4 0.6 (19.5) 369.8 134.4 (19.9) (49.5) (27.7) (13.3) (7.0) (95.0) 291.7 (73.7) (87.2) (161.0) 0.7 (242.0) (241.3) 473.1 (110.6) 1H13 230.4 136.9 69.8 206.7 77.4 192.1 8.9 62.9 171.8 69.9 55.8 1.1 (13.1) (54.5) 779.1 197.0 (37.8) (8.1) (57.8) (114.1) (80.4) (147.3) 530.5 2,433.5 (74.8) (658.1) 1,700.6 (372.6) (51.6) (424.2) 2,037.3 1,807.0 1H12 652.5 179.8 85.9 265.7 133.9 172.1 2.2 15.9 216.5 60.2 53.0 (0.2) (17.6) 901.7 (81.4) (38.2) (88.5) (89.5) (33.0) (60.4) (148.7) 362.0 (73.7) (172.1) (245.8) 1.7 (297.4) (295.7) 473.1 (179.4)

The Company closed 2Q13 with a cash position of R$2,037.3 million. Cash generation totaled R$1,601.4 million, versus a negative R$110.6 million in 2Q12, mainly due to: (i) the R$1,648.9 million variation in cash from financing activities, due to higher funding; (ii) the 18.8% upturn in cash from operating activities, chiefly due to the taxes line as a result of ICMS credits receivable.

33

5. Corporate Governance
On June 30, 2013, the capital stock of Light S.A. comprised 203,934,060 common shares, 97,629,463 of which outstanding. The following chart shows Lights current shareholding structure:

BTG PACTUAL

14.29% 2.74% 28.57% 5.50% 28.57% 5.50% 75% 19.23% 25% 6.41%

SANTANDER

FIP REDENTOR

CEMIG

VOTORANTIM

BANCO DO BRASIL

28.57% 5.50%

PARATI
25.64%*

MINORITY
3.19% 0.42% 96.81% 100%

REDENTOR ENERGIA
100% 13.03%

FOREIGN
57.38%

NATIONAL
42.62%

CEMIG
26.06%

RME
13.03%
Controller Group 52,1%

LEPSA
13.03%

BNDESPAR
13.46%

MARKET
34.41%
Free Float 47,9%

Light S.A. (Holding)

Stake in blue: indirect interest in Light

*12.61% (RME) + 13.03%(LEPSA)

34

6. Capital Market
Lights shares have been listed in the BM&FBovespas Novo Mercado trading segment since July 2005, therefore adhering to the best corporate governance practices and the principles of transparency and equity, in addition to granting special rights to minority shareholders. Light S.A.s shares are included in the following indices: Ibovespa, IGC (Corporate Governance Index), IEE (Electric Power Index), IBrX (Brazil Index), ISE (Corporate Sustainability Index), ITAG (Special Tag Along Stock Index) and IDIV (Dividend Index). They are also traded on the U.S. over-the-counter (OTC) market as Level 1ADRs, under the ticker LGSXY. At the end of June, Light S.A.s shares (LIGT3) were priced at R$15.55 (adjusted for shareholder payments). The Companys market cap (no. of shares x share price) closed the quarter at R$3,171 million.

BM&F BOVESPA (spot market) - LIGT3 Daily Average Number of shares traded (Thousand) Number of Transactions Traded Volume (R$ Million) Quotation per shares: (Closing)* Share Valuing (Quarter) IEE Valuing (Quarter) Ibovespa Valuing (Quarter)
*Ajusted by earnings.

2Q13 1,156.7 3,935 20.7 R$ 15.55 -20.4% -8.4% -15.8%

2Q12 643.8 2,621 15.8 R$ 22.93 -0.8% 0.4% -15.7%

1H13

1H12

1,004.3 727.1 3,409 2,554 18.9 19.1 R$ 15.55 R$ 22.93 -28.7% -10.6% -11.7% 8.6% 7.4% -4.2%

The charts below give a breakdown of the Companys free float in June 2013.

Free Float Composition*

Individual 18.4%

Foreigners
Europe 22.7% Asia 6.4% USA 60.5%

Foreign 57.4%

National Legal Entities 24.2%

America (w/out USA) 9.0% Oceania 1.4%

* Excluding BNDESPAR's interest

35

The chart below shows the performance of Lights stock between January 2, 2012 and August 12, 2013.

140 130 120 110 100 90 80 70 60 50

2012 IBOV IEE LIGT3 7.4% -11.7% -15.0%

Light x Ibovespa x IEE Base jan/12 = 100 until 08/12/2013

IBOV IEE LIGT3

2013 -17.5% -9.3% -19.0%

-11.4% Ibovespa -19.9% IEE R$ per share 12/28/12 22.32 08/12/13 17.66
May/12 May/13 Nov/12 Sep/12 Feb/12 Dec/11 Dec/12 Feb/13 Jan/12 Jun/12 Jan/13 Mar/12 Mar/13 Jun/13 Jul/12 Aug/12 Jul/13 Aug/13 Apr/12 Oct/12 Apr/13

-31.2% Light

Dividends
Lights dividend payment policy establishes a minimum payout equivalent to 50% of adjusted net income, calculated in compliance with article 189 of Brazilian Corporate Law and pursuant to Brazilian accounting practices and the regulations of the Brazilian Securities and Exchange Commission (CVM). On April 26, 2013, the Annual Shareholders Meeting approved the proposal to distribute dividends in the amount of R$91,770,327.00, or R$0.45 per share, based on the profit reserve recorded in the balance sheet of December 31, 2012. This amount, together with those already approved this year, represents a payout equivalent to 86.5% of adjusted annual net income and, together with payments effected during 2012, resulted in a dividend yield of 7.8% in the year.
Dividends paid, dividend yield and Payout

100%

100% 76.3% 81.0%

100.0%

97.2%

50%

2007

2008 Payout

2009

2010

2011

2012

Minimum Dividend Policy

36

8.2% 4.2%

9.9% 1.7%

8.1%

8.1%

6.1% 3.4% 3.3%

5.4% 2.4%

351 203

408 187

432 363 351 87 118 182

87

170 92

1H08 2H08 1H09 2H09 1H10 2H10 1H11 2H11 1H12 2H12 1H13
Dividends Interest on Equity Dividend Yeld*

*Based on the closing price the day before the announcement.

7. Recent Events
On July 22, 2013, the Company fully amortized Light SESAs 5th Debenture Issue in the approximate amount of R$160 million. The funds used in the amortization were raised by Light SESA through its 9th Debenture Issue held on June 28, 2013.

On August 01, 2013, Moodys published its reports on Light SESA, Light Energia and Light S.A., maintaining their investment-grade status, with domestic and international scale ratings of Aa2.br and Ba1, respectively, both of which with a stable outlook.

On 08/08/2013, the Companys Board of Directors approved, at meeting held today, the request of its subsidiary Itaocara Energia Ltda., which holds 51% of UHE Itaocara Consortium, to terminate the Concession Agreement 12/2001 before Aneel. The termination of the Concession Agreement will not result in any charge to Itaocara Energia, since it is entitled to the rights set forth in Article 4 - A of Law 9074/2005, introduced by Law 12839/2013, as to: (i) the release of guarantees of compliance with obligations concerning the Concession Agreement; (ii) the non-payment for the Use of Public Asset; and (iii) the reimbursement for costs incurred in the preparation of studies or plans.

37

On 08/08/2013, the Companys wholly-owned subsidiary LIGHT ENERGIA S.A. (Light Energia) approved the signature, of an investment agreement entered into with RR PARTICIPAES S.A. (RR), CEMIG GERAO E TRANSMISSO S.A., (Cemig GT), RENOVA ENERGIA S.A. (Renova) and CHIPLEY SP PARTICIPAES S.A., a specific purpose entity (Chipley and, jointly with Renova, RR, Light Energia, Cemig GT, Parties), whose objective is to regulate the entry of Cemig GT in Renovas controlling group, as well as to structure Chipley as a growth vehicle, with equity interest of Cemig GT and Renova, for which the Share Purchase Agreement of Brasil PCH S.A. (CCVA Brasil PCH), entered into between CEMIG GT and Petrleo Brasileiro S.A. Petrobras, on June 14, 2013, will be granted. To accomplish this objective, Renova will increase its capital stock (Capital Increases), with the assignment of the preemptive right in the subscription of new shares issued by Renova Light Energia and RR to Cemig GT and the signature of a new shareholders' agreement between RR, Light Energia and Cemig GT. The share issue price on December 31, 2012 will be R$16.2266 per share or R$48.68 per unit (one common share + two preferred shares), pursuant to Article 170, paragraph 1, I of the Brazilian Corporation Law. The portion of Renovas capital increase to be subscribed and paid-up by Cemig GT corresponds to R$1,414,732,915.53. The amounts will be adjusted by the CDI variation as of December 31, 2012. After the transaction, Light Energia will hold equity interest between 11.7% and 15.9% in Renovas total capital stock (which currently accounts for 21.99%) and between 14.2% and 20.7% common shares (which currently accounts for 32.3%), maintaining all its shares linked to the Controlling Block. Funds raised from the Capital Increase will be fully or partially used by Renova to acquire, through Chipley, Brasil PCH. This acquisition will correspond from 49% to 100% of the voting capital of Brasil PCH, a holding company held by Petrleo Brasileiro S.A. (Petrobrs), Eletroriver S.A. (Eletroriver), BSB Energtica S.A. (BSB) and Jobelpa S.A. (Jobelpa). Brasil PCH has the ownership of 13 small hydroelectric power plants located in the states of Minas Gerais, Rio de Janeiro, Esprito Santo and Gois, all of them operational, with total installed capacity of 291 MW and assured energy of 194 average-MW, contracted until 2028 and 2029, through Proinfa. Both the transaction and the Capital Increase are subject to a series of conditions precedent and trading conditions, among which the approval by the Brazilian Antitrust Authority and the National Electric Power Agency.

On August 06, 2013, in its board meeting, Aneel released the initial proposal, which is still preliminary, for the 3rd Cycle Tariff Revisions for Light SESA, which will continue to be discussed during the Public Hearing September 13, 2013.

38

8. Disclosure Program
Schedule Teleconference 08/14/2013, Wednesday, at 4:00 p.m. (Brazilian Time) and at 3:00 p.m. (NY Time), with simultaneous translation to English Access conditions: Webcast: link on site www.light.com.br/ri (portuguese and english) Conference Call - Dial number: Brazil: +55 (11) 2188 0155 EUA: +1 (866) 890-2584 Other countries: +1 (646) 843-6054 Access code: Light

Contact Luis Felipe Negreiros de S Gustavo Werneck Souza Carlos Cotrim Rodrigues Pereira Marcelle Henriques Pelajo

IR Team e-mail felipe.sa@light.com.br gustavo.souza@light.com.br carlos.cotrim@light.com.br marcelle.pelajo@light.com.br

Phone +55 21 2211-2814 +55 21 2211-2560 +55 21 2211-2828 +55 21 2211-7392

Forward-looking Statements
The information on the Companys operations and its Managements expectations regarding its future performance was not reviewed by independent auditors. Statements about future events are subject to risks and uncertainties. These statements are based on beliefs and assumptions of our Management, and on information currently available to the Company. Statements about future events include information about our intentions, beliefs or current expectations, as well as of the Company's Board of Directors and Officers. Exceptions related to statements and information about the future also include information about operating results, likely or presumed, as well as statements that are preceded by, followed by, or including words such as "believes", "might", "will", "continues", "expects", "estimates", "intends", "anticipates", or similar expressions. Statements and information about the future are not a guarantee of performance. They involve risks, uncertainties and assumptions because they refer to future events, thus depending on circumstances that might or might not occur. Future results and creation of value to shareholders might significantly differ from the ones expressed or suggested by forward-looking statements. Many of the factors that will determine these results and values are beyond LIGHT S.A.'s control or forecast capacity.

39

EXHIBIT I Income Statement per Company - R$ million

LIGHT SESA Net Operating Revenue Operating Expense Other Operating Revenuess/Expenses Operating Result EBITDA Financial Result Result before taxes and interest Net Income EBITDA Margin*
* Does not consider Construction Revenue

2Q13

2Q12

Var. % 1.6% 1.8% 567.2% -7.0% 5.0% -27.4% 1148.0% -

1H13

1H12

Var. % 2.7% 7.4% 219.2% -37.4% -22.8% -8.3% -73.5% -72.8% -

1,661.2 1,634.5 (1,564.9) (1,537.0) (5.7) (0.8) 90.7 97.5 174.5 166.2 (74.7) (102.9) 16.0 (6.2) 13.3 1.1 11.7% 11.3%

3,504.7 3,411.1 (3,253.6) (3,030.5) (12.9) (4.1) 238.2 380.5 402.6 521.8 (194.7) (212.3) 43.5 164.2 30.9 113.7 12.7% 16.8%

LIGHT ENERGIA Net Operating Revenue Operating Expense Other Operating Revenuess/Expenses Operating Result Equity Pickup EBITDA Financial Result Result before taxes and interest Net Income EBITDA Margin COMERCIALIZAO E SERVIOS Net Operating Revenue Operating Expense Other Operating Revenuess/Expenses Operating Result EBITDA Financial Result Result before taxes and interest Net Income EBITDA Margin

2Q13 132.0 (43.4) 0.2 88.7 (2.4) 100.1 (21.0) 65.4 42.8 75.9% 2Q13 170.4 (166.1) 4.2 4.3 (0.1) 4.2 3.0 2.5%

2Q12 112.3 (39.4) (0.0) 73.0 (0.3) 86.6 (19.6) 53.0 36.0 77.1% 2Q12 69.8 (62.3) 7.5 7.6 0.0 7.5 5.1 10.9%

Var. % 17.5% 10.2% 21.6% 577.9% 15.6% 7.3% 23.2% 19.0% Var. % 144.2% 166.8% -43.4% -43.8% -43.7% -41.3% -

1H13 277.3 (81.5) 0.2 195.9 (4.0) 219.4 (40.6) 151.4 98.9 79.1% 1H13 346.9 (332.8) 14.1 14.2 (0.1) 14.0 9.4 4.1%

1H12 208.5 (74.9) 1.9 135.5 0.6 164.2 (41.7) 94.5 63.4 78.7% 1H12 118.2 (107.2) 11.0 11.4 0.1 11.1 7.4 9.7%

Var. % 33.0% 8.8% -91.5% 44.5% 33.6% -2.7% 60.3% 56.0% Var. % 193.3% 210.4% 27.9% 24.1% 26.8% 27.4% -

40

EXHIBIT II Consolidated Income Statement

Consolidated - R$ MN NET OPERATING REVENUE OPERATING EXPENSE Personnel Material Outsourced Services Purchased Energy Depreciation Provisions Construction Revenue Other Operating Revenuess/Expenses Others OPERATING RESULT EQUITY PICKUP EBITDA ( ) FINANCIAL RESULT Financial Income Financial Expenses RESULT BEFORE TAXES AND INTEREST SOCIAL CONTRIBUTIONS & INCOME TAX DEFERRED INCOME TAX NET INCOME
1

2Q12 1,846.5 (1,665.7) (74.9) (3.1) (123.0) (1,080.6) (97.7) (66.6) (175.6) (6.5) (37.8) 180.8 (0.5) 277.9 (95.5) 124.3 (219.8) 84.8 (40.1) 13.5 58.2

2Q13 1,790.1 (1,616.4) (70.1) (4.9) (101.8) (1,081.9) (82.0) (84.0) (162.2) (0.8) (28.6) 173.7 (0.6) 255.1 (121.1) 63.5 (184.6) 52.0 (32.3) 20.1 39.8

Var. % 3.2% 3.1% 7.0% -37.1% 20.8% -0.1% 19.1% -20.7% 8.2% 670.6% 31.9% 4.1% -24.5% 8.9% -21.1% 95.8% 19.1% 63.0% 24.2% -32.8% 46.2%

1H13 3,864.8 (3,422.7) (156.3) (7.0) (219.5) (2,319.2) (192.1) (112.0) (332.8) (14.9) (68.9) 442.1 (1.1) 633.1 (234.3) 153.9 (388.2) 206.7 (76.0) 6.2 136.9

1H12 3,688.8 (3,172.6) (141.8) (8.8) (193.8) (2,128.4) (172.1) (171.0) (299.7) (2.1) (54.9) 516.2 0.2 688.5 (250.7) 93.7 (344.4) 265.7 (61.0) (24.8) 179.8

Var. % 4.8% 7.9% 10.2% -20.1% 13.2% 9.0% 11.6% -34.5% 11.1% 599.6% 25.4% -14.4% -8.0% -6.5% 64.3% 12.7% -22.2% 24.5% -23.9%

( ) EBITDA as of CVM Instruction 527/2012: Net Income + Social Contributions and Income Taxes + Net Financial Result + Depreciation/Amortization (*) The consolidated financial statements include the Light S.A. and its subsidiaries and affiliates. These financial statements were eliminated from equity consolidated companies, the balances of receivables and payables, revenues and expenses between the companies.

41

EXHIBIT III Consolidated Balance Sheet - R$ million

ASSETS Current Cash & Cash Equivalents Receivable Accounts Inventories Recoverable Taxes Prepaid Expenses Other Current Assets Non-current Receivable Accounts Deferred Taxes Prepaid Expenses Concession financial assets Others Non-current Assets Investiments Fixed Assets Intangible Total Assets LIABILITIES Current Suppliers Fiscal obligations Loans and Financing Debentures Others Obligations Provisions Dividends and interest on equity to be paid Non-current Loans and Financing Debentures Others Obligations Deferred Taxes Provisions Shareholders' Equity Realized Joint Stock Profit Reserves Additional Proposed Dividend Asset Valuation Adjustments Other comprehensive income Accumulated Profit/Loss of Exercise Total Liabilities 6/30/2013 3,790.5 2,045.2 1,133.7 33.5 205.4 14.8 357.8 9,216.1 269.8 833.3 1,725.4 355.5 614.3 1,647.0 3,770.8 13,006.6 6/30/2013 2,016.5 759.5 123.6 412.2 187.5 329.7 112.3 91.8 7,919.3 2,158.4 3,343.2 1,589.1 228.2 600.4 3,070.8 2,225.8 256.5 441.3 (172.0) 319.1 255.807 13,006.6 12/31/2012 2,167.2 245.6 1,441.6 30.3 203.7 2.0 244.0 0.0 8,980.3 289.6 830.2 1,573.3 346.2 557.4 1,635.3 3,748.6 0.0 11,147.4 12/31/2012 1,950.7 814.5 132.7 342.9 118.8 308.4 158.5 74.8 0.0 6,171.1 1,920.5 1,855.3 1,584.3 227.9 583.2 0.0 3,025.7 2,225.8 256.5 91.8 451.6 (172.0) 172.0 171.997 11,147.4
42

EXHIBIT IV Regulatory Assets and Liabilities

R$ Million TOTAL ASSET TOTAL LIABILITIES TOTAL DIFFERENCE Net difference (period) Net difference (accumulated)

Jun-13 Mar-13 653.0 -77.4 575.6 119.3 220.4 500.6 (44.3) 456.3 101.2 101.2

Dec-12 365.7 (10.6) 355.2 138.0 330.4

Sep-12 262.7 (45.6) 217.1 118.7 192.4

Jun-12 Mar-12 174.4 (76.0) 98.4 75.7 73.6 177.8 (155.1) 22.7 (2.1) (2.1)

Dec-11 185.3 (160.6) 24.8 32.1 87.2

Sep-11 151.2 (158.6) (7.4) 114.9 55.0

Jun-11 Mar-11 134.3 (256.6) (122.2) 5.6 (59.8) 149.8 (277.7) (127.8) (65.4) (65.4)

43

EXHIBIT V
Light has ceased to consolidate the results of its jointly-owned subsidiaries in its financial statements since January 1st, 2013, in accordance with accounting pronouncement CPC 19 and as approved by CVM Resolution 694/12. Pursuant to the new rule, these results should be regard as investments and recognized in accordance with the equity income method, replacing the pro-rata consolidation method adopted up to the end of 2012. As a result, the Company no longer consolidates the following jointly-held direct and indirect subsidiaries on a pro-rata basis: Renova Energia, Guanhes Energia, Lightger, Axxiom, Amaznia Energia, and E-Power. The change had no impact on the Companys net income, resulting only in alterations to individual accounts in the consolidated income statement as a counter-entry to the equity income account.

The consolidated financial information for 2Q13 is in accordance with the new accounting practice; however, for comparative purposes, the information for the second quarter of 2012 was duly adjusted to retrospectively reflect the change.

The adjustments to the Income Statement of Light S.A. are as follows:

Consolidated Income Statement - R$ MN NET OPERATING REVENUE OPERATING EXPENSE Other Operating Revenues/Expenses OPERATING RESULT EQUITY PICKUP EBITDA FINANCIAL RESULT Other Operating Revenues/Expenses RESULT BEFORE TAXES AND INTEREST SOCIAL CONTRIBUTIONS & INCOME TAX DEFERRED INCOME TAX NET INCOME

Published 2Q12 1,797.9 (1,624.7) 173.2 173.2 (118.6) (0.9) 53.7 (33.9) 20.0 39.8

Adjustments (7.8) 9.1 (0.8) 0.4 (0.6) 81.9 (2.5) 0.9 (1.7) 1.7 0.1 0.0

Reclassified 2Q12 1,790.1 (1,615.6) (0.8) 173.7 (0.6) 255.1 (121.1) 52.0 (32.3) 20.1 39.8

44

Consolidated Income Statement - R$ MN NET OPERATING REVENUE OPERATING EXPENSE Other Operating Revenues/Expenses OPERATING RESULT EQUITY PICKUP EBITDA FINANCIAL RESULT Other Operating Revenues/Expenses RESULT BEFORE TAXES AND INTEREST SOCIAL CONTRIBUTIONS & INCOME TAX DEFERRED INCOME TAX NET INCOME

Published 1H12 3,702.2 (3,185.3) 516.9 689.6 (246.6) (2.2) 268.1 (63.2) (25.0) 179.8

Adjustments (13.4) 14.8 (2.1) (0.7) 0.2 (1.1) (4.2) 2.2 (2.4) 2.2 0.2 -

Reclassified 1H12 3,688.8 (3,170.5) (2.1) 516.2 0.2 688.5 (250.7) 265.7 (61.0) (24.8) 179.8

45

EXHIBIT VI Complementary Information - proportional of interests

Consolidated Income Statement - R$ MN REPORTED 2 QUARTER - 2013 CONSOLIDATED NET REVENUE OPERATING EXPENSE OPERATING RESULT EQUITY PICKUP EBITDA FINANCIAL RESULT RESULT BEFORE TAXES AND INTEREST SOCIAL CONTRIBUTIONS & DIFERRED/INCOME TAX NET INCOME 1,846.5 (1,665.7) 180.8 (0.5) 277.9 (95.5) 84.8 (26.6) 58.2 RENOVA 22% 11.5 (8.2) 3.3 7.1 (4.2) -1.0 (0.4) (1.3) LIGHTGER 51% 3.6 (1.1) 2.5 2.5 (0.9) 1.6 (0.2) 1.4 EBL 33% 0.2 (0.1) 0.1 0.2 0.0 0.1 (0.0) 0.1 AXXIOM 51% 4.6 (4.5) 0.1 0.1 (0.1) 0.0 (0.2) (0.2) AMAZNIA ELIMINATION 26% (0.4) (0.4) (0.4) 0.5 0.5

TOTAL 1,866.4 -1,679.7 186.6 287.8 -101.1 85.6 -27.3 58.2

Consolidated Income Statement - R$ MN REPORTED CONSOLIDATED 1 HALF - 2013 NET REVENUE OPERATING EXPENSE OPERATING RESULT EQUITY PICKUP EBITDA FINANCIAL RESULT RESULT BEFORE TAXES AND INTEREST SOCIAL CONTRIBUTIONS & DIFERRED/INCOME TAX NET INCOME 3,864.8 (3,422.7) 442.1 (1.1) 633.1 (234.3) 206.7 (69.8) 136.9

RENOVA 22% 23.7 (16.2) 7.4 15.0 (8.3) (0.9) (1.0) (1.9)

LIGHTGER 51% 6.2 (2.3) 3.9 3.9 (1.5) 2.4 (0.3) 2.1

EBL 33% 0.3 (0.2) 0.1 0.2 0.0 0.1 (0.0) 0.1

AXXIOM 51% 7.7 (7.6) 0.1 0.3 (0.3) (0.2) (0.2) (0.4)

AMAZNIA ELIMINATION 26% (0.5) (0.5) (0.5) 0.6 0.6

TOTAL 3,902.7 (3,449.1) 453.6 (0.6) 652.5 (244.9) 208.1 (71.3) 136.9

46