LIGHT S.A. CORPORATE TAXPAYERS ID (CNPJ/MF): 03.378.521/0001-75 COMPANY REGISTRY (NIRE): 33.3.

0026316-1 PUBLICLY-HELD COMPANY EXCERPT OF THE MINUTES OF THE BOARD OF DIRECTORS MEETING OF LIGHT S.A., HELD ON JULY 1, 2011, DRAWN UP IN SUMMARY FORMAT, AS AUTHORIZED BY PARAGRAPH 1, ARTICLE 130 OF LAW 6404/76. 1. Date, time and venue: July 1, 2011, at 2:30 p.m., at Av. Marechal Floriano, 168, parte, 2 andar, Corredor A, Centro, in the city and state of Rio de Janeiro. 2. Attendance: The sitting members Sergio Alair Barroso, Chairman of the Board, Aldo Floris, Raul Belens Jungmann Pinto, Djalma Bastos de Morais, Elvio Gaspar, Maria Silvia Bastos Marques and Carlos Alberto da Cruz, as well as the incumbent alternate members Paulo Roberto Reckziegel Guedes and Ricardo Simonsen. The alternate members Almir Jos dos Santos, Carmen Lcia Claussen Kanter, Joaquim Dias de Castro and Wilson Borrajo Cid also attended the meeting, although they did not take part in the voting. Attorney Mnica Maria Mendes Souza Tavares was invited to act as secretary. The Companys Chief Executive Officer, Jerson Kelman, and the Executive Officers Joo Batista Zolini Carneiro, Ana Silvia Corso Matte, Evandro Leite Vasconcelos, Jos Humberto de Castro and Paulo Roberto Ribeiro Pinto were also present. 3. Agenda and Resolutions: 3.3. ACD no. F-010/2011 (Light SESA) Renewal of the Working Capital Line with Banco Pine S.A. By recommendation of the Finance Committee, the Board unanimously approved and recommended that the Board members appointed by Light S.A. on the Board of Directors of Light S.E.S.A. approved the renewal of a working capital line of credit with Banco Pine under the following conditions: (i) Instrument: credit facility agreement (working capital); (ii) borrower: Light Servios de Eletricidade S.A.; (iii) lender: Banco Pine S.A.; (iv) amount: up to twenty million reais (R$20,000,000.00), to be taken out in accordance with the borrowers needs; (v) maximum term of each operation: up to 90 days; (vi) validity: 90 days (renewable); and (vii) cost: to be defined at the moment of each withdrawal, in accordance with ACD no. F-010/2011. The Executive Officer Joo Batista Zolini Carneiro declared that there would be no additional cost for the Company if the line is not used. 3.4. ACD no. F-004/2011 (Light S.A. and Light Energia S.A.) - Working Capital Line Banco do Brasil S.A. By recommendation of the Finance Committee, the Board unanimously approved the favorable vote of Light S.A. in the Shareholders Meeting of Light Energia S.A to approve the execution of a working capital line with Banco do Brasil S.A., under the following conditions: (i) Instrument: BB Capital de Giro Flex Structured Releases (working capital); (ii) borrower: Light Energia S.A.; (iii) lender: Banco do Brasil S.A.; (iv) amount: up to fifty million reais (R$50,000,000.00), to be taken out in accordance with the borrowers needs; (v) validity: up to 3 years; (vi) cost: to be defined on each withdrawal; and (vii) guarantee: suretyship of Light S.A., in accordance with ACD no. F-004/2011. The Executive Officer Joo Batista Zolini Carneiro declared that there would be no additional cost for the Company if the line is not used.

3.5. ACD no. F-011/2011 (Light SESA) Letter of Guarantee Lawsuit filed by PROCON By recommendation of the Finance Committee, the Board unanimously approved and recommended that the Board members appointed by Light S.A. on the Board of Directors of Light S.E.S.A. approve the execution of a letter of guarantee under the following conditions: (i) bank: Banco Ita; (ii) principal: Light Servios de Eletricidade S.A.; (iii) beneficiary: 9th Public Treasury Court of the District of Rio de Janeiro Justice Court of the State of Rio de Janeiro; (iv) object: application of a fine as a penalty for the interruption in the supply of electricity in the 2009/2010 summer; (v) issue: immediate; (vi) commission: 0.55% per year; (vii) amount: six million, four hundred and five thousand and six hundred reais (R$6,405,600.00); (viii) restatement: use UFIR/RJ as a monetary restatement factor and interest of 1% per month, as per item II of article 173 of State Decree 5/1975, which regulates interest on debts with the Rio de Janeiro Treasury Department; (ix) guarantee: pledged application; and (x) term: undetermined, in accordance with ACD no. F-011/2011. 3.6. Calling of Extraordinary Shareholders Meeting. The Board of Directors approved the calling of an Extraordinary Shareholders' Meeting of Light S.A. to resolve on the election of members of the Board of Directors to fill the position of resigning members as per the resignation divulged in the Board of Directors meeting of June 10, 2011. This is a free English translation of the excerpt of the minutes of the meeting of the Board of Directors of Light S.A., held on the date hereof.

Mnica Maria Mendes Souza Tavares Secretary