ANEEL approves final result of Lights Tariff Review

Rio de Janeiro, October 14, 2009 Light S.A. (Bovespa - LIGT3) (Company), parent company of LIGHT GROUPs companies, announces to the market that ANEEL (Brazilian Electricity Regulatory Agency), at a public meeting held yesterday, October 13, 2009, definitely approved the periodical tariff review of Light SESA (Light) for the period as of November 7, 2008 (from November 2008 to November 2013) comprising all consumption segments (residential, industrial, commercial, rural and other). The tariff review index ratified by ANEEL is now 2.06% which replaces the temporary value of 1.96%, established in November 2008. In view of what was previously established in November 2008, the main amendments introduced by ANEEL are: (i) Reference Company now goes from R$575 million to R$583 million. ANEEL disclosed on August 12, 2009, as a result of the Public Consultation no.051/2009, the amount of R$565 million for the Reference Company; (ii) Decrease in annual investments from R$390 million to R$364 million; (iii) As to non-technical losses, which had been previously calculated on grid load, are now calculated on the low-voltage market, considering a declining trajectory until the end of the tariff cycle. The start point for non-technical losses is now 38.98% and the final point, 31.82% of the low-voltage market. Other significant variable when establishing a tariff, such as delinquency ratio (0.90%), Xe Factor (0.0%) and Market Growth for the Xe Factor (1.5%) remained unaltered concerning what ANEEL provisionally established in November 2008. Both Gross and Net Regulatory Assets Basis (R$8,077 million and R$4,674 million respectively) have remained unaltered as well. The Final Review results can be considered as neutral comparing to the Preliminary Review which had already represented an important advance in specificities recognition of Lights concession area. Lights tariffs will be readjusted on November 6, 2009 as per ANEEL resolution to be disclosed, considering: (i) The effect resulting from the difference between the new percentage of 2.06% and the temporary percentage of 1.96% set forth in November 2008, as previously mentioned; and (ii) the annual readjustment index for the period from November 6, 2009 to November 6, 2010, yet to be resolved. Ronnie Vaz Moreira Vice Chief Executive Officer and Investor Relations Officer