LIGHT S.A. Corporate Taxpayer ID (CNPJ/MF) 03.378.521/0001-75 Company Registry (NIRE) 33.3.

0026316-1 PUBLICLY HELD COMPANY EXCERPT FROM THE MINUTES OF THE BOARD OF DIRECTORS MEETING OF LIGHT S.A., HELD ON OCTOBER 7, 2011, DRAWN UP IN THE SUMMARY FORMAT, IN ACCORDANCE WITH PARAGRAPH 1, ARTICLE 130 OF LAW 6,404 OF DECEMBER 15, 1976 (BRAZILIAN CORPORATION LAW). 1. Date, time and venue: October 7, 2011, at 2:00 p.m. at Light S.A.s head offices located at Avenida Marechal Floriano, 168, parte, 2 andar, corredor A, Centro, in the City and State of Rio de Janeiro ("Company"). 2. Attendance: The sitting board members Sergio Alair Barroso, Chairman of the Board, Humberto Eustquio Csar Mota, Luiz Carlos Costeira Urquiza, Rutelly Marques da Silva, Andr Fernandes Berenguer, Raul Belens Jungmann Pinto, Carlos Alberto da Cruz and Elvio Lima Gaspar and acting deputy board members, Carmen Lcia Claussen Kanter, Wilson Borrajo Cid and Almir Jos dos Santos attended the meeting. The deputy board members, Csar Vaz de Melo Fernandes, Fernando Henrique Schffner Neto, Marcelo Pedreira de Oliveira and Joaquim Dias de Castro also attended the meeting but they did not vote. The attorney, Mrs. Cludia de Moraes Santos, was invited to serve as secretary. The Companys Chief Executive Officer, Jerson Kelman, as well as the officers, Joo Batista Zolini Carneiro, Paulo Roberto Ribeiro Pinto, Paulo Carvalho Filho, Jos Humberto Castro and Ana Silvia Corso Matte also attended the meeting. 3. Agenda Resolutions: 3.1. Agreement T-023/2011 (Light S.A., Light ESCO and Light Solues) Appointment of Light Solues em Eletricidade Ltda.s officer By recommendation of the Management Committee, the Board of Directors unanimously approved and recommended that representatives of Light S.A. and Light ESCO Prestao de Servios S.A., to change the Bylaws of Light Solues em Eletricidade Ltda., in the sende of appointing Mr. Jos Humberto Castro as Light Solues em Eletricidade Ltda.s officer, in replacement of Mr. Evandro Leite Vasconcelos, with term of office until August 10, 2012, in accordance with the agreement T-023/2011 of October 7, 2011. 3.2. Agreement T-024/2011 (Light S.A.) Change in the structure of Axxiom Solues Tecnolgicas S.A.s Board of Directors By recommendation of the Management Committee, the Board of Directors unanimously approved and recommended that representatives of Light S.A., at the Special Shareholders Meeting of Axxiom Solues Tecnolgicas S.A. (Axxiom) approve the change in the structure of Axxioms Board of Directors, aiming at: (i) taking cognizance of the resignation of the sitting board member, Mr. Nilmar Sisto Foletto; (ii) reallocating Mrs. Mirele Mascarenhas from deputy member to sitting member; and (iii) appointing Mr. Luciano Molter de Pinho Grosso as Deputy Member of the Board member Mirele Mascarenhas, both for the remaining term of office to expire on April 28, 2013, in accordance with the agreement T-024/2011 of October 7, 2011.

3.3. Agreement T-026/2011 (Light S.A. and Lightger S.A.) 3rd amendment to the CCPA agreement. By recommendation of the Management Committee, the Board of Directors unanimously approved and recommended that representatives of Light S.A. and Light ESCO Prestao de Servios S.A., at the Special Shareholders' Meeting of Lightger S.A. approve the 3rd amendment to the Paracambi Building Consortium Agreement (CCPA), in the maximum amount of three million, two hundred, twenty-five thousand, five hundred, ninety-two reais and fifty-nine centavos (R$3,225,592.59) (reference date March/2009), in accordance with the agreement T-026/2011 of October 7, 2011. 3.4. Agreement T-027/2011 (Light S.A. and Lightger S.A.) PCH Paracambi (small hydroelectric power plant) Operations & Maintenance (O&M) agreement. By recommendation of the Management Committee, the Board of Directors unanimously approved and recommended that representatives of Light S.A. and Light ESCO Prestao de Servios S.A., at the Special Shareholders Meeting of Lightger S.A. approve the amendment to the O&M agreement between Lightger S.A. and Light Energia S.A., under the following contractual conditions: (i) Change the term: from sixty (60) to forty-eight (48) months; (ii) Change price: from seven million, eight hundred, eleven thousand, six hundred, eighty-two reais and thirty centavos (R$7,811,682.30) to six million, two hundred, ninety-six thousand, two hundred, twenty-two reais and four centavos (R$6,296,222.04). Other contractual conditions remain unaltered. The Brazilian Electricity Regulatory Agency ANEEL gave its previous consent to the draft of the amendment to the O&M agreement on September 20, 2011, in accordance with the agreement T-027/2011 of October 7, 2011. 3.14. Agreement T-028/2011 (Light S.A. and Light Energia S.A.) Appointment of Light Energia S.A.s representatives for the Advisory Committees of Renova Energia S.A.s Board of Directors By recommendation of the Management Committee, the Board of Directors unanimously approved and recommended that representatives of Light S.A. at the Special Shareholders Meeting of Light Energia S.A. approve the creation and the appointment of Light Energia S.A.s representatives for the Advisory Committees of Renova Energia S.A.s Board of Directors, in accordance with the agreement T-028/2011 of October 17, 2011, as follows: (i) People and Compensation Committee (Human Resources Committee): Ana Silvia Corso Matte and Douglas Braga Ferraz de Oliveira; (ii) Management Committee: Paulo Roberto Ribeiro Pinto (coordinator) and Gilberto Jos Cardoso; (iii) Implementation Committee (Construction Committee): Luis Fernando de Almeida Guimares and Gilberto Jos Cardoso; (vi) Audit and Compliance Committee: Andr Rocha Mahmoud (coordinator) and Douglas Braga Ferraz de Oliveira; (v) New Technology and Prospects Committee: Heitor Barreto Corra and Douglas Braga Ferraz de Oliveira; and (vi) Finance Committee: Luiz Felipe Negreiros de S (coordinator) and Douglas Braga Ferraz de Oliveira. Each committee will be composed of four (4) members, with two (2)-year term of office as of its inception and re-election is authorized, in accordance with the agreement T-028/2011 of October 7,2011. 3.18. Agreement F-015/2011 (Light S.A. and Light S.E.S.A.) BNDES financing Investment Plan 2011/2012. By recommendation of the Finance Committee, the Board of Directors unanimously approved and recommended that the Board members appointed by Light S.A. at the Board of Directors of Light S.E.S.A. approve the proposal to take out a loan of nine hundred, fifteen million, four hundred and ninety-five thousand reais (R$915,495,000.00), with the Brazilian Development Bank BNDES, in order to finance the Light S.E.S.A. 2011-2012 Investment Plan, corresponding to approximately fifty-seven percent (57%) of the total amount of the following investments: (i) sub-credit 1: social projects; (ii) sub-credit 2: Brazilian equipment accredited by BNDES; (iii) sub-credits 3 and 4: projects related to Solved Environmental Licensing; (iv) Sub-credits 5 and 6: SE Gardnia; (v) sub-credits 7 and 8: projects whose environmental licenses are still pending; (vi) sub-credits 9 and 10: LT Jacarepagu Cosmos and LT Jacarepagu Ari Franco; (vii) Sub-credits 11 and 12: SE Pavuna increase of the installed capacity and upgrade; (viii) sub-credits 13 and 14: upgrade of SE
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Trs Rios; (ix) sub-credits 15 and 16: interconnection of SE Globo; and (x) sub-credits 17 and 18: implementation of SE Toms Coelho, everything in accordance with the agreement F-015/2011 of October 7,2011. 3.19. Agreement T-025/2011 (Light S.A. and Lightger S.A.) Contracting/Renewal of Lightger S.A. Loan Agreements By recommendation of the Finance Committee, the Board of Directors unanimously approved the renewal for another sixty (60) days of the Loan Agreement (principal and charges), entered into between Lightger S.A. and Light S.A., in the amount of two million, five hundred and fifty thousand reais (R$2,550,000.00) to expire on October 10, 2011, and the early settlement is possible upon the release of the 1st tranche referring to the Loan Agreement entered into between Lightger S.A. and BNDES. In addition, by recommendation of the Finance Committee, the Board of Directors unanimously approved and recommended that representatives of Light S.A. and Light ESCO ESCO Prestao de Servios S.A. at the Special Shareholders Meeting of Lightger S.A., approve the following loan agreements entered into between Lightger S.A., Light S.A. and Companhia Energtica de Minas Gerais CEMIG, proportionally to Light S.A.s stake in the Company (51%) to be settled when BNDES releases the 2nd tranche: (a) Amount of the agreement: ten million, ninety-two thousand, eight hundred, fifty-three reais and twelve centavos (R$10,092,853.12) and Light S.A.s share in this agreement corresponds to five million, one hundred, forty-seven thousand, three hundred, fifty-five reais and nine centavos (R$5,147,355.09) to expire on March 11, 2012; (b) Amount of the agreement: three million, five hundred, seven thousand, three hundred, fifty-five reais and sixty-one centavos (R$3,507,355.61) and Light S.A.s share in this agreement corresponds to one million, seven hundred, eighty-eight thousand, seven hundred, fifty-one reais and thirty-six centavos (R$1,788,751.36) to expire on March 18, 2012; and (c) amount of the agreement: seven million, six hundred, twenty-eight thousand, four hundred, seventy reais and fifty-nine centavos (R$7,628,470.59) and Light S.A.s share in this agreement corresponds to three million, eight hundred, ninety thousand, five hundred and twenty reais (R$3,890,520.00) to expire on April 29,2012; as well as to approve the proposal for the execution of the Loan Agreement between Lightger S.A., Light S.A. and Cemig GT (or its parent company Cemig), in the amount of fourteen million reais (R$14,000,000.00), in accordance with the agreement T-025/2011 of October 7, 2011, if BNDES does not release the 1st tranche until October 10, 2011. 3.20. Agreement F-016/2011 (Light S.A., Light S.E.S.A. and Light Energia S.A.) Early Settlement of the Installment Related to the Instrument of Assumption of Debt between Light Energia and Light S.E.S.A., referring to the Private Instrument of Indenture of the 4th Issue of Convertible Debentures. By recommendation of the Finance Committee, the Board of Directors unanimously approved and recommended that the board members appointed by Light S.A. at the Board of Directors of Light S.E.S.A. and the Companys representatives at the Special Shareholders Meeting of Light Energia S.A. (Light Energia) approve the early settlement of the installment related to the Instrument of Assumption of Debt between Light Energia S.A. (debtor) and Light S.E.S.A. (creditor) referring to the Private Instrument of Indenture of the 4th Issue of Convertible Debentures, whose outstanding balance of this installment in August 2011 corresponded to one hundred, forty million, three hundred, eight thousand, four hundred, forty reais and seventy-nine centavos (R$140,308,440.79), in accordance with the agreement F-016/2011 of October 7, 2011. This is a free English translation of the excerpt from the minutes of the Board of Directors Meeting of Light S.A., held on this date.

Cludia de Moraes Santos Secretary

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