Centrais Eletricas Brasileiras S A Eletrobrás : Market Announcement - 01.13.19 - SPE sale

MARKET ANNOUNCEMENT

CENTRAIS ELÉTRICAS BRASILEIRAS S/A

CNPJ: 00.001.180/0001-26 | NIRE: 533.0000085-9

PUBLIC COMPANY

Centrais Elétricas Brasileiras S/A ("Company" or "Eletrobras") (B3: ELET3, ELET5 & ELET6; NYSE:

EBR & EBR.B; LATIBEX: XELT.O & XELT.B) hereby informs its shareholders and the market in general in addition to the Relevant Fact disclosed on September 27, 2018, that concluded, on this date, the transfer of all the shares held by the Special Purpose Entity ("SPE") Companhia de Transmissão Centroeste de Minas S.A ("Centroeste"), corresponding to 49% of the total capital stock, to Companhia Energética de Minas Gerais ("Cemig"), in accordance with the Eletrobras Auction Notice 01/2018 ("Notice"), referring to "Lot P", held in public session at B3 headquarters, on September 27, 2018.

For the sale, Eletrobras received the updated amount in the form of the Notice of R$ 44,775,496.09 (forty four million, seven hundred seventy five thousand, four hundred ninety six reais and nine cents), already updated up to January 13, 2020. The sale referred to in this Market Announcement was approved by the Administrative Council for Economic Defense - CADE ("CADE"), on April 18, 2019, according to decision published in the Federal Official Gazette on April 22, 2019.

The aforementioned operation represents one of the initiatives linked to the Business and Management Master Plan ("PDNG 2019/2023"), disclosed to the market through Relevant Fact on December 27, 2018.

This transfer concludes 100% of the divestitures of SPEs sold in September 2018.

Rio de Janeiro, January 13, 2020

Elvira Cavalcanti Presta

CFO and Investor Relations Officer

Internet: www.eletrobras.com/elb/ri

E-mail: [e-mail]

Address: Rua da Quitanda, 196 - 9º andar. 20091-005, Centro. Rio de Janeiro - RJ Telefone: (21) 2514-6333 / 4627

EBR & EBR.B
LISTED	ELET3 & ELET6
NYSE

This document may contain estimates and projections that are not statements of fact that occurred in the past but reflect our management beliefs and expectations and may constitute forward-looking statements and estimates under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words "believe", "may", "may", "estimate", "continue", "anticipate", "intend", "expect" and the like are intended to identify estimates that necessarily involve risks and uncertainties, known or unknown . Known risks and uncertainties include, but are not limited to: general economic, regulatory, political and commercial conditions in Brazil and abroad, changes in interest rates, inflation and value of the Real, changes in volumes and the pattern of electric energy use by consumer, competitive conditions, our level of indebtedness, the possibility of receiving payments related to our receivables, changes in rainfall and water levels in the reservoirs used to operate our hydroelectric power plants, our financing and capital investment plans, existing and future government regulations , and other risks described in our annual report and other documents filed with CVM and SEC. Estimates and projections refer only to the date they were expressed and we assume no obligation to update any of these estimates or projections due to the occurrence of new information or future events. Future results of the Company's operations and initiatives may differ from current expectations and the investor should not rely solely on the information contained herein. This material contains calculations that may not reflect accurate results due to rounding.