LIGHT S.A. Corporate Taxpayers ID. (CNPJ/MF) 03.378.521/0001-75 Company Registry (NIRE) 3.330.026.

316-1 PUBLICLY-HELD COMPANY

MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS OF LIGHT S.A., HELD ON MAY 28, 2010, DRAWN UP IN THE SUMMARY FORM AS ALLOWED BY PARAGRAPH 1 OF ARTICLE 130 OF LAW 6,404/76. 1. Date, time and place: May 28, 2010, at 11:00 A.M., via conference call. 2. Attendance: The Board members, Ana Marta Horta Veloso, Carlos Roberto Teixeira Junger, Djalma Bastos de Morais, Firmino Ferreira Sampaio Neto, Luiz Carlos Costeira Urquiza, Srgio Alair Barroso, Chairman of the meeting, Carlos Alberto da Cruz, Elvio Lima Gaspar, as well as the acting alternate member Almir Jos dos Santos. The alternate board members, Joo Procpio Campos Loures Vale and Paulo Roberto Reckziegel Guedes also attended the meeting but did not take part in the voting. Carla Alexandra da Motta Pirahy, lawyer, was invited to serve as the secretary of the meeting. Executive officer Joo Batista Zolini Carneiro also attended the meeting. 3. Agenda and Resolutions: 3.1. State REFIS (Tax Recovery Program) Aluvale ICMS administrative proceeding Following the favorable recommendation from the Management Committee, the Board of Directors approved by unanimous vote and instructed that the board members nominated by Light S.A. to the Board of Directors of Light S.E.S.A. approve the Executive Boards proposal authorizing Light S.E.SA. to include in the State REFIS (State Law 5,647/2010), the ICMS dues that are the object of the tax foreclosure proceedings (nos. 2002.100.001648-8, 2002.100.001685-0, 2002.100.004452-2 and 2002.100.004451-0) and consequently withdraw said proceedings by executing an agreement with ALUVALE by which it undertakes to pay in full the debt that is the object of said tax foreclosure proceedings and social contributions to PIS/COFINS, as well as shares the lawyers fees relating to said proceedings with Light S.E.S.A.

3.2. Federal REFIS Corporate Income TAX (IRPJ) and Social Contribution on Net Income (CSLL) LIR/LOI Court decision rejecting the partial withdrawal of proceeding The Executive Board informed the Board of Directors about the court decision on the Writ of Mandamus 2003.51.01.005514-8, related to the IRPJ and CSLL dues on the overseas income of the companies LIR and LOI, rejecting the partial withdrawal of the proceeding and granting Light S.E.S.A. ten (10) days, expiring on May 28, 2010, to inform about the full withdrawal of the proceeding. The Executive Board presented the scenarios analyzing the impacts for Light S.E.S.A. in case of partial and complete withdrawal of the Writ of Mandamus, according to the material made available to the Board of Directors, and proposed the full withdrawal of said Writ of Mandamus, without including said tax dues in the Federal REFIS (Law 11,941/2009). Following the favorable recommendation from the Management Committee, the Board of Directors approved by unanimous vote and instructed that the board members nominated by Light S.A. to the Board of Directors of Light S.E.S.A.

Minutes of the Board of Directors Meeting of Light S.A. held on May 28, 2010, 11:00 A.M. (continuation).

approve that Light S.E.S.A. completely withdraw said Writ of Mandamus and that the IR and CSLL dues of LIR and LOI be calculated in accordance with the rules of the Brazilian Federal Revenue Service (equity accounting and accrual basis), and consequently, to not include the respective IRPJ and CSLL debts in the Federal REFIS.

4. Closure: There being no further business to discuss, these Minutes were drawn up, read, approved and signed by all in attendance. Rio de Janeiro, May 28, 2010. Srgio Alair Barroso, Chairman, Carla Alexandra da Motta Pirahy, Secretary. Board Members: Ana Marta Horta Veloso, Carlos Roberto Teixeira Junger, Djalma Bastos de Morais, Firmino Ferreira Sampaio Neto, Luiz Carlos Costeira Urquiza, Srgio Alair Barroso, Carlos Alberto da Cruz, Elvio Lima Gaspar and Almir Jos dos Santos. I certify that this is a free English translation of the Minutes of Light S.A.s Board of Directors meeting held on this date, drawn up in the Companys records. Rio de Janeiro, May 28, 2010.

Carla Alexandra da Motta Pirahy Secretary