LIGHT S.A.Corporate Taxpayer’s ID (CNPJ/MF): 03.378.521/0001-75

Company Registry (NIRE): 33.3.0026.316-1PUBLICLY-HELD COMPANY

EXCERPT FROM THE MINUTES OF THE BOARD OF DIRECTORS’ MEETING OF LIGHT S.A., HELD ON AUGUST 22, 2014, DRAWN UP IN SUMMARY FORMAT, IN ACCORDANCE WITH PARAGRAPH 1, ARTICLE 130, OF LAW 6404 OF DECEMBER 15, 1976 (“BRAZILIAN CORPORATE LAW”).

1. Date, time and venue: August 22, 2014, at 2:00 p.m., at the headquarters of Light S.A. (“Company”), at Avenida Marechal Floriano, 168, parte, 2º andar, corredor A, Centro, in the city and state of Rio de Janeiro.

2. Attendance: The sitting Board members Sérgio Alair Barroso, Chairman, Djalma Bastos de Morais, Raul Belens Jungmann Pinto, Fabiano Macanhan Fontes, José Carlos Aleluia Costa, David Zylbersztajn, Luiz Carlos da Silva Cantídio Júnior, Guilherme Narciso de Lacerda and the alternate acting Board members César Vaz de Melo Fernandes, Carmen Lúcia Claussen Kanter and Magno dos Santos Filho attended the meeting. The alternate Board members Luiz Fernando Rolla, Fernando Henrique Schüffner Neto, Wilson Borrajo Cid, José Augusto Gomes Campos, Marcelo Pedreira Oliveira, Almir José dos Santos and the lawyer Cláudia de Moraes Santos, who was invited to act as secretary, also attended the meeting but did not vote. The Company’s Chief Executive Officer, Paulo Roberto Ribeiro Pinto, and the Executive Officers, João Batista Zolini Carneiro, Andreia Ribeiro Junqueira e Souza, Evandro Leite Vasconcelos, Ricardo Cesar Costa Rocha and Luiz Otávio Ziza Mota Valadares also attended the meeting but did not vote.

3. Agenda:3.11. Agreement E-081CA/2014 (Light S.A., Light Energia S.A. and Lightger S.A.) – Issuance of Letter of Guarantee between Light Energia S.A. and Lightger S.A.As recommended by the Management Committee, the Board of Directors approved the issuance of the Letter of Guarantee as a guarantee of payment of the Power Purchase Agreement between Light Energia S.A. and Lightger S.A. The letter, signed on August 25, 2014, with a guarantee for the period between September 1, 2014 and July 20, 2028, with the amount of two million, eight hundred twenty-nine thousand, three hundred eight reais and seventy-four centavos (R$2,829,308.74), corresponding to April 1, 2014 and annually adjusted, according to the supply period, by the IGP-M price index, calculated and disclosed by the Getúlio Vargas Foundation (FGV), corresponds to two billing cycles, as per contractual provision, in accordance with Agreement E-081CA/2014, of August 22, 2014.

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Minutes of the Board of Directors’ Meeting of Light S.A. held on August 22, 2014, at 2:00 p.m.

This is a free English translation of the excerpt from the original minutes of the Board of Directors’ Meeting of Light S.A. held on this date and drawn up in the Company’s records.

Cláudia de Moraes SantosSecretary

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