Light : 2016-01-25T18:50:51 Minutes of Board of Directors Meeting 01 2…

LIGHT S.A.

CNPJ/MF Nº 03.378.521/0001-75

NIRE Nº 33.3.0026316-1

Publicly-Held Company

EXCERPT FROM THE MINUTES OF THE BOARD OF DIRECTORS' MEETING OF LIGHT S.A. ("Company") HELD ON SEPTEMBER 25, 2015, DRAWN UP IN SUMMARY FORMAT.

1. Date, time and place: January 22, 2016, at 10:00 AM, at the headquarters of Light S.A. ("Light" or "Company"), located at Av. Marechal Floriano nº 168, parte, 2º andar, Corredor A, Centro, Rio de Janeiro, RJ.

2. Attendance: The sittingBoardmembers, Nelson José HubnerMoreira (Chairman),Fernando Henrique SchüffnerNeto, Marcello LignaniSiqueira, Marco Antônio de Rezende Teixeira, Ana Marta Horta Veloso, Marcelo Pedreira Oliveira, André Gustavo SalcedoTeixeira Mendes, Silvio Artur Meira StarlingandCarlos Alberto da Cruz, andthealternatememberEdson Rogério da Costa. The alternateBoardmembers, SamyKopitMoscovitch, Daniel Batista da Silva Júnior, Rogério Sobreira Bezerra, Luiz Carlos da Silva CantídioJúnior andMagno dos Santos Filho alsoattendedthemeeting butdidnotvote,. The company'sCEO Ana Marta Horta Veloso, andExecutiveOfficers Ailton Fernando Dias, Ricardo Cesar Costa Rocha, Fernando Antônio Fagundes Reis, Luís Fernando de Almeida Guimarães andCláudio Bernardo Guimarães de Moraes, alsoattendedthemeeting butdidnotvote. Cláudiade Moraes Santos, attorney, was invited to act as secretary.

4. Resolutions:

4.1.1 Change in the composition of the Executive Boards of Light S.A., Light S.E.S.A.e LightEnergiaS.A.

4.1.2 Light S.A board

The Board unanimously resolved for the dismissal of Mrs. JoãoBatista Zolini Carneiro from the Business Development and Investors Relations office.

4.1.3 Composition of Light S.A board of Executive Officers

The Chairman of the Board of Directors clarified that the Board of Light SA was now constituted as follows:

-Chief Executive Officer: Ana Marta Horta Veloso;

-Chief Business Development and Investor Relations Officer: One of the directors will be assigned buy the Chief Executive Officer, to answer for this board interim , and in addition to their current duties, under the second paragraph of Article 12 of the Company's Bylaws.

- Human Resources Officer: AiltonFernando Dias (Interim);

-Corporate Management Officer: Ailton Fernando Dias;

-Energy Officer: Luís Fernando de Almeida Guimarães;

-ChiefFinancial Officer: Cláudio Bernardo Guimarães de Moraes;

-DistributionOfficer: Ricardo César Costa Rocha;

-Legal Officer: Fernando Antônio Fagundes Reis

-Communication Officer: Ronald Cavalcantede Freitas

4.1.4 Board of Executive Officers of Light- Serviços de Eletricidade S.A. ("Light S.E.S.A.")

The Board unanimously instructed the Directors appointed by the Company at the Board of Directors' Meeting of Light S.E.S.A., resolve on the dismissal of Mr. JoãoBatista Zolini Carneiro, from the position of Director of Business Development and Investor Relations of Light S.E.S.A.

4.1.5 Board of Executive Officers of Light EnergiaS.A. ("Light Energia")

The Board unanimously instructed the Directors appointed by the Company at the Board of Directors' Meeting of Light Energia, resolve on the dismissal of Mr. JoãoBatista Zolini Carneiro, from the position of Director of Business Development and Investor Relations of Light S.E.S.A.

4.5 ACD nº F-001CA/2015 (Light S.A. e Light S.E.S.A.) - Overdraft Renewal ratification contracted with Caixa EconômicaFederal

By recommendation of the finance committee, the board unanimously ratified the approval given by the Company in Overdraft contract concluded between Light SESA and Caixa EconomicaFederal and renewed in January 2016, and also instructed the board members appointed by the company to vote favorably at the meeting of the Board of Directors of Light S.E.S.A., to decide on the ratification of this renewal, the amount of R $ 100,000,000.00 (one hundred million reais) to the new cost of CDI + 0.34 % per month from January 2016 , as Agreement F -001 AC / 2016 of 01.22.2016 , as follows :

Borrower : Light SESA

Value: R $ 100 million

Cost: CDI + 0.34% a.m. (equivalent to CDI + 4.16% a.a. )

Term: 2 years , but with an annual risk analysis

Home : January 16, 2016

Covenants : no

Guarantor : Light S.A.

4.6 ACD nº F-002CA/2016 (Light S.A. e Light S.E.S.A.) - Hiring of Guarantee Insurance to replace the Charter Guarantee of BancoSantander

By recommendation of the finance committee,theboard unanimously, instructed the board members appointed buy the company to vote favorably at the meeting of the Board of Directors of Light SESA , that decides the replacement of Bank Guarantee Letter to Guarantee Insurance , subject to authorization by the Judge of the 2nd Court of Tax Enforcement of Judicial Section of Rio de Janeiro , and the recruitment of Surety with the following insurers : J. Malucellior Pottencialas Agreement F -002 CA / 2016 of 01/22/2016 , as follows :

Object : to ensure the financial obligation of Bailed , referring to the tax lien ;

Case No. 2004.51.01.532749-0 , moved by the INSS;

Mode : Guarantee Insurance Administrative Tax Installment ;

Insurer J. Malucellior Pottencial;

Bailed : Electric Utility Light S.A .;

Beneficiary: Judge of the 2nd Court of Tax Enforcement of Judicial Section of Rio de Janeiro ;

Amount : up to R $ 150,000,000.00 (one hundred and fifty million reais) to be restated by SELIC rate;

Issue : Immediate ;

Fee : Up to 0.50% (fifty per cent) per year on the amount the insured warranty ;

Cost: up to R $ 3,750,000.00 (three million , seven hundred fifty thousand reais) , effective for five years ;

Payment: Between 60 and 90 days.

4.7 ACD nº F-003CA/2016 (Light S.A. e Light S.E.S.A.) - Insurance Guarantee hiring for legal and financial processes that may become outstanding debt in 2016 .

By recommendation of the finance committee,theboard unanimously instructed the board members appointed by the company to vote favorably at the meeting of the Board of Directors of Light SESA, to deliberate about hiring Insurance Guarantee along the Southern Insurance , Factor , J. Malucelliand Pottencialfor legal and financial processes in the amount of R $ 2,900,000,000.00 ( two billion, nine hundred million reais) , if demanded by the legal the Company, as Agreement F - 003CA / 2016 of 01/22/2016 .

This is a free English translation of the excerpt from the minutes drawn up in the Company's records referring to the Board of Directors' meeting of Light S.A. held on this date.

Cláudia de Moraes Santos

Secretary