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

316-1 PUBLICLY-HELD COMPANY

EXCERPT OF THE MINUTES OF THE BOARD OF DIRECTORS MEETING OF LIGHT S.A. HELD ON MAY 8, 2009, DRAWN UP IN SUMMARY FORMAT PURSUANT TO PARAGRAPH 1, ARTICLE 130 OF LAW 6,04/76. 1. Date, time and place: Meeting was held on May 8, 2009, at 10:30 a.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 Messrs. Aldo Floris, Carlos Augusto Leone Piani, Eduardo Borges de Andrade, chairman of the meeting, Firmino Ferreira Sampaio Neto, Ricardo Simonsen, Jos Luiz Silva, Ruy Flaks Schneider, as well as acting deputy members, Joaquim Dias de Castro and Joo Batista Zolini Carneiro attended the meeting. The deputy members Almir Jos dos Santos, Ana Marta Horta Veloso, Lauro Alberto De Luca, Paulo Roberto Reckziegel Guedes and Carmen Lcia Claussen Kanter also attended the meeting, but they did not vote. The attorney Patricia Veiga Borges was invited to be the secretary of the meeting. The Companys officers, Messrs. Jos Luiz Alqures and Ronnie Vaz Moreira also attended the meeting. 3. Agenda Resolutions: 3.2. Capital Stock Increase The Board of Directors after Mr. Ronnie Vaz Moreiras presentation, as provided for in Paragraph 2 and in caput of Article 5 of the Companys Bylaws that rule the conditions and the limit of Companys authorized capital, approved the Companys capital stock increase, in the amount of three thousand, two hundred, eighty-four reais and thirty-nine centavos (R$3,284.39), as a result of the exercise of rights inherent to the Warrants occurred on April 3, 2009. Increase shall occur by issuing two hundred, eighty-two (282) non-par, book-entry common shares. As a result of increase authorized above, the Companys capital stock now is two billion, two hundred, twenty-five million, eight hundred, twenty-two thousand, one hundred, ninety-seven reais and eighty-nine centavos (R$2,225,822,197.89) represented by two hundred, three million, nine hundred, thirty-four thousand and sixty (203,934,060) nonpar, book-entry common shares. Shares issued as a result of the exercise of rights inherent to the Warrants, occurred on April 3, 2009, will fully participate in an eventual distribution of dividends and interest on own capital to be approved by the Company after shares subscription date. 3.2.1. Call notice for the Companys Extraordinary General Meeting The Board of Directors approved the call notice for the Companys Extraordinary General Meeting to resolve on the amendment to Article 5 of the Companys Bylaws in order to reflect the Companys capital increase as provided for in item 3.2 above. 3.5. Banco do Brasil Guarantee Light SESA. The Board of Executive Officers submitted a proposal to Light S.E.S.A. contract a guarantee with Banco do Brasil in order to replace the collateral of FINEM-BNDES credit facility agreement, in compliance with ACF- 012/2009 (Light SESA): Guarantor: Banco do Brasil Beneficiaries: Syndicate of banks transferring BNDES/FINEM credit facility agreement to the Investments Program for the period between June 2006 and December 2008. Guaranteed: Light Servios de Eletricidade S.A.

Purpose: To guarantee obligations assumed by Light S.E.S.A. in referred credit facility agreement. Amount: up to R$31 million. Issue: Immediately. Maturity: at least, 5 years, or while obligations endure. Commission: 2.50% over the guarantee, annually paid in advance, and renegotiation every 365 days. Guarantees: Promissory note corresponding to 120% of the operation. The Finance Committee recommended to approve the proposal. The Board by unanimous vote approved and advised the board members appointed by Light S.A. at the Board of Directors Meeting of Light S.E.S.A. to approve the Board of Executive Officers proposal in compliance with ACD F- 012/2009 (Light SESA), as well as authorized the Board of Executive Officers to take all the measures necessary to comply with this resolution. 3.6. Banco do Brasil Guarantee Light Energia. The Board of Executive Officers submitted a proposal to Light Energia S.A. contract a guarantee with Banco do Brasil in order to replace the collateral of FINEM-BNDES credit facility agreement, in compliance with ACD F- 004/2009: Guarantor: Banco do Brasil. Beneficiaries: Syndicate of banks transferring BNDES/FINEM credit facility agreement to the Investments Program for the period between June 2006 and December 2008. Guaranteed: Light Energia S.A. Purpose: To guarantee obligations assumed by Light SESA in referred credit facility agreement. Amount: up to R$1.1million. Issue: immediately. Maturity: at least, 5 years, or while obligations endure. Commission: 2.50% over the guarantee, annually paid in advance, and renegotiation every 365 days. Guarantees: Promissory note corresponding to 120% of the operation. Surety: Light S.A. The Finance Committee recommended to approve the proposal. The Board by unanimous vote approved the Board of Executive Officers proposal in compliance with ACD F- 004/2009, as well as authorized the Board of Executive Officers to take all the measures necessary to comply with this resolution. This is a free English translation of the excerpt of the minutes of the Board of Directors Meeting of Light S.A. held on this date. Rio de Janeiro, May 8, 2009.

Patricia Veiga Borges Secretary of the Meeting