Managements Proposal LIGHT S.A.

MANAGEMENTS PROPOSAL EXTRAORDINARY SHAREHOLDERS MEETING ON DECEMBER 28, 2011 Dear Sirs, The Management of Light S.A. (Company) hereby submits to the consideration of its shareholders participating at the Extraordinary Shareholders Meeting to be held on December 28, 2011, at 11 a.m., at the Company's headquarters located at Av. Marechal Floriano, 168, Parte, 2 andar, Corredor A, Centro, in the city and state of Rio de Janeiro, the following proposals: 1) To elect one (1) member to the Board of Directors in place of the resigning member Maria Silvia Bastos Marques, for the remainder of her term, i.e., until the Annual Shareholders Meeting that will resolve on the financial statements relating to the fiscal year ending on December 31, 2011 (according to the document available in the IPE system in the Category: Meeting, Type: Managements Proposal, and Agenda: Election of members to the Board of Directors); and, 2) To reorganize two (2) alternate members of the Board of Directors (according to the document available in the IPE system in the Category: Meeting, Type: Managements Proposal and Agenda: Reorganization of members of the Board of Directors).

Board of Directors Member Election

Dear Shareholders,

In view of the Extraordinary Shareholders Meeting to be held on December 28, 2011, to deliberate on the proposal to elect one (1) member to the Board of Directors in place of the resigning member Maria Silvia Bastos Marques, for the remainder of her term, i.e., until the Annual Shareholders Meeting that will resolve on the financial statements relating to the fiscal year ending on December 31, 2011, we are placing at your disposal information indicated in items 12.6 through 12.10 of the reference form regarding the candidate nominated or backed by the management or controlling shareholders. 12.6. For each of the issuers administrators and Fiscal Council members, indicate the following, in the form of a table: a. b. c. d. e. f. g. h. i. j. name age profession Individual Taxpayer Registration No. (CPF) or passport number elected position held date of election date of investiture term of office other positions held or functions performed at the issuer inform if elected by controlling shareholder

Members of the Board of Directors: a. name b. age c. profession d. CPF e. position to be held Sitting member f. date of election g. estimated date of investiture 12/28/2011 h. term of office i. other positions held at the Company To be defined at Shareholders Meeting j. appointed by controlling shareholder Yes

David Zylbersztajn

57 years old

Engineer

465.004.057-49

12/28/2011

4 months

Board of Directors Member Election

12.7. Provide the information mentioned in item 12.6 regarding members of statutory committees, as well as audit, risk, finance and compensation committees, even if such committees or bodies are not statutory:

Audit Committee: a. name b. age c. profession d. CPF e. position to be held f. g. date of the estimated appointment date of investiture 1st. Directors Meeting after AGM: 04/09/2010 1st. Directors Meeting after AGM: 04/09/2010 h. term of office i. other positions held in the Company Member of the Board of Directors and Audit and Management Committees Member of the Board of Directors; Member of the Audit, Financial and Human Resources Committees Member of the Board of Directors; Member of the Audit, Management, Governance and Sustainability and Human Resources Committees Member of the Board of Directors and Audit Committee j. appointed by controlling shareholder

Fernando Henrique Schuffne

49 years old

Electrical Engineer

328.909.826-53

Member of the Audit Committee

2 months

Yes

Cristiano Corra de Barros

Electrical Engineer

327.933.916-20

Member of the Audit Committee

08/10/2011

08/10/2011

8 months

Yes

Csar Vaz de Melo Fernandes

Electrical Engineer

299.529.806-04

Member of the Audit Committee

08/10/2011

08/10/2011

8 months

Yes

Marcelo Pedreira de Oliveira

43 years old

Economist

003.623.457-59

Member of the Audit Committee

08/10/2011

08/10/2011

8 months

Yes

Financial Committee: a. b. c. name age profession

d. CPF

e. position to be held

f. date of the appointment

g. estimated date of investiture

h. term of office

Cristiano Corra de Barros

Electrical Engineer

327.933.916-20

Member of the Financial Committee

08/10/2011

08/10/2011

8 months

i. j. other positions appointed by held in the controlling Company shareholder Member of the Board of Directors; member of the Audit, Financial Yes and Human Resources Committees Member of the Board of Directors; Member of the Audit, Management, Governance and Sustainability

Csar Vaz de Melo Fernandes

Electrical Engineer

299.529.806-04

Member of the Financial Committee

08/10/2011

08/10/2011

8 months

Yes

Board of Directors Member Election

and Human Resources Committees

Andr Fernandes Berenguer

43 years old

Business Manager

127.759.138-57

Member of the Financial Committee

08/10/2011

08/10/2011

8 months

Member of the Board of Directors; Member of the Audit and Governance and Sustainability Committees

Yes

To be defined at Director's Meeting

Management Committee: a. name b. age c. profession d. CPF e. position to be held f. g. date of estimated election date of investiture 1st. Directors 1st. Directors Meeting after Meeting after AGM: AGM: 04/09/2010 04/09/2010 h. term of office i. other positions held in the Company Member of the Board of Directors; Member of the Audit and Management Committees Member of the Board of Directors; Member of the Audit, Management, Financial, Governance and Sustainability and Human Resources Committees Member of the Board of Directors; Member of the Management Committee Member of the Board of Directors, Member of the Management and Human Resources Committees j. appointed by controlling shareholder

Fernando Henrique Schuffne

49 years old

Electrical Engineer

328.909.826-53

Member of the Audit Committee

2 years

Yes

Csar Vaz de Melo Fernandes

Electrical Engineer

299.529.806-04

Member of the Financial Committee

08/10/2011

08/10/2011

8 months

Yes

Rutelly Marques da Silva

36 years old

Economist

925.773.936-87

Sitting member

08/10/2011

08/10/2011

8 months

Yes

Paulo Roberto Reckziege l Guedes

49 years old

Engineer

400.540.200-34

1st. Directors 1st. Directors Member of Meeting after Meeting after the AGM: AGM: Management Committee 04/09/2010 09/04/2010

2 years

Yes

Human Resources Committee: a. name b. age c. profession d. CPF e. f. g. position to date of the estimated be held appointment date of investiture Member of the Management Committee 1st Directors st 1 Directors Meeting Meeting after after AGM: AGM 04/09/2010 04/09/2010 h. term of office i. other positions held in the Company Member of the Board of Directors, Member of the Management and Human Resources j. appointed by controlling shareholder

Paulo Roberto Reckziege l Guedes

49 years old

Engineer

400.540.200-34

2 years

Yes

Board of Directors Member Election

Committees Member of the Board of Directors; Member of the Audit, Financial and Human Resources Committees Member of the Board of Directors; Member of the Audit, Management, Financial, Governance and Sustainability and Human Resources Committees Member of the Board of Directors; Member of the Human Resources Committee

Cristiano Corra de Barros

Electrical Engineer

327.933.916-20

Member of the Financial Committee

08/10/2011

08/10/2011

8 months

Yes

Csar Vaz de Melo Fernandes

Electrical Engineer

299.529.806-04

Member of the Financial Committee

08/10/2011

08/10/2011

8 months

Yes

Mario Antonio Thomazi

52 years old

Bank clerk

290.272.500-06

Alternate Member

08/10/2011 08/10/2011

8 months

Yes

Governance and Sustainability Committee: a. name b. age c. profession d.CPF g. estimated date of investiture Member of 1st. 1st st st 1 . 1 Directors Governance Directors Meeting after and Meeting after AGM Sustainability AGM 04/09/2010 Committee 04/09/2010 e. position to be held f. date of the appointment h. term of office 2 years i. other positions held in the Company Member of the Board of Directors. j. appointed by controlling shareholder Yes

Srgio Alair Barroso

61 years old

Economist

609.555.898-00

Csar Vaz de Melo Fernandes

Electrical Engineer

299.529.806-04

Member of the Financial Committee

08/10/2011

08/10/2011

8 months

Member of the Board of Directors; Member of the Audit, Management, Financial, Governance and Sustainability and Human Resources Committees Member of the Board of Directors; Member of the Financial, Governance and Sustainability Committees Member of the Board of Directors

Yes

Andr Fernandes Berenguer

43 years old

Business Manager

127.759.138-57

Member of the Financial Committee

08/10/2011

08/10/2011

8 months

Yes

Djalma Bastos de Morais

74 years old

Engineer

006.633.526-49

Member of Governance and Sustainability Committee

1st Directors Meeting after AGM 04/09/2010

1st Directors Meeting after AGM 04/09/2010

2 years

Yes

Board of Directors Member Election 12.8. With regard to each of the administrators and fiscal council members, provide: a. a rsum with the following information:

i. professional highlights of the past 5 years, indicating: company name position and inherent functions core business of the company in which said experience was gained, highlighting the companies or organizations that pertain to (i) the issues business group, or (ii) partners, with direct or indirect interest equal to or higher than 5% of the same class or type of the issuers securities ii. indication of all management positions held currently or in the past in

publicly-held companies a. Rsums. Board of Directors

Member

David Zylbersztajn Born on December 9, 1954, Mr. Zylbersztajn holds a doctorate in Engineering Economics from the Institut dEconomie ET de Politique de LEnergie (IEPE). From June 1998 to April 2002 he served on the Board of Directors of Banco do Brasil S.A. He was chairman of the Board of Directors of VARIG from May to November 2006. Between January 1998 and October 2001, he was the first Director General of ANP, the Brazilian Oil Agency, which he helped set up and carried out the first round of auctions for blocks oil and gas exploration and production. He signed the first concession agreements, including those related to the pre-salt fields. Since February 2002, he has been managing partner of DZ Negcios com Energia, a company focused on conducting studies and projects related to the energy sector.

b. years: i. ii.

description of any of the following events that have occurred in the past 5

any criminal conviction any conviction in a CVM administrative proceeding and the penalties

imposed

Board of Directors Member Election iii. any final and unappealable conviction in the judicial or administrative

sphere that has suspended or disqualified him from carrying out any professional or commercial activity

Member of the Board of Directors David Zylbersztajn declared, for all purposes of law, that in the past 5 years he was not subject to the effects of any criminal conviction, sanction or penalty in any administrative proceeding by CVM or any final and unappealable conviction in the judicial or administrative sphere that suspended or disqualified him from carrying out any professional or commercial activity. 12.9. Inform the existence of spousal relationship, common-law marriage or kinship up to second degree between: a. issuers managers None. (i) managers of issuer and (ii) managers of issuers direct or indirect

b.

subsidiaries None.

c.

(i) managers of the issuer or its direct or indirect subsidiaries and (ii) the

issuer's direct or indirect controlling shareholders None. (i) the issuer's managers and (ii) managers of the issuers direct or

d.

indirect parent companies None.

12.10. Inform about relationships of subordination, provision of service or control, in the last 3 fiscal years, between the issuers managers and: The Board member does not have any relationship of subordination, provision of service or control in the last 3 fiscal years, with the Companys direct or indirect subsidiary, the Company's direct or indirect controlling shareholder or with any supplier, client, debtor or creditor of the Company or subsidiary or parent companies, or controlled by any of these persons, if relevant.

Board of Directors Member Election a. issuers direct or indirect subsidiary None.

b.

issuer's direct or indirect controlling shareholder None.

c.

if relevant, the supplier, client, debtor or creditor of the issuer, its subsidiary

or parent companies or subsidiaries of any of these persons. None.

Remanejamento de membros suplentes do Conselho de Administrao Dear Shareholders,

In view of the Extraordinary Shareholders Meeting to be held on December 28, 2011, which will resolve, among others, on the reorganization of two alternate members of the Board of Directors, elected at the Extraordinary Shareholders' Meeting of August 10, 2011, we propose to transfer Mrio Antnio Thomazi as alternate member to Rutelly Marques da Silva and Marcelo Pedreira de Oliveira as alternate member to Andr Fernandes Berenguer.