LIGHT S.A. Corporate Taxpayers ID (CNPJ/MF) no. 03.378.521/0001-75 Corporate Registry ID (NIRE) no. 33.300.263.

16-1 PUBLICLY-HELD COMPANY

MINUTES OF THE BOARD OF DIRECTORS MEETING OF LIGHT S.A., HELD ON SEPTEMBER 28, 2007, DRAWN UP IN THE SUMMARY FORMAT, AS ALLOWED BY PARAGRAPH 1, OF ARTICLE 130 OF LAW 6,404/76. 1. Date, time and place: September 28, 2007, at 3:00 P.M., at Av. Marechal Floriano, n 168, parte, 2 andar, Corredor A, Centro, in the City and State of Rio de Janeiro.. 2. Attendees: Sitting Members Aldo Floris, Alessandro Monteiro Morgado Horta, Djalma Bastos de Morais, Eduardo Borges de Andrade, Jos Luiz Silva, Raphael Hermeto de Almeida Magalhes, Srgio Landau and Wilson Nlio Brumer, Chairman of the meeting, as well as deputy members in office Almir Jos dos Santos, Ana Marta Horta Veloso and Paulo Reckziegel Guedes. The following deputy members also attended the meeting, however, without participating in the voting: Alfredo Salomo Neto, Bruno Constantino Alexandre dos Santos, Celso Fernandez Quintella, Joo Batista Zolini Carneiro, Lauro Alberto De Luca and Ruy Flaks Schneider. Attorney Patricia Veiga Borges was invited to be the secretary of the meeting. Officers Jos Luiz Alqures and Ronnie Vaz Moreira also attended the meeting, as well as members of the Fiscal Council Ari Barcelos da Silva, Aristteles Luiz Menezes Vasconcellos Drummond, Beatriz Oliveira Fortunato and Isabel da Silva Ramos Kemmelmeier. 3. Matters Discussed Resolutions: 3.1. Capital Stock Increase. The Board of Directors, after a presentation by Officer Ronnie Vaz Moreira, pursuant to paragraph two and the caput of Article 5, of the Bylaws, which regulate the conditions and the Companys authorized capital limit, approved the Companys capital stock increase, in the amount of one million, five hundred and twenty-seven thousand, seventeen reais and seven centavos (R$1,527,017.07), resulting from the exercise of rights inherent to a Subscription Bonus between July 28 and September 28, 2007. The increase takes place upon the issuance of one hundred and thirty-one million, nine hundred and seventy-one thousand (131,971,000) non-par book-entry common shares. Due to the increase resolved on, the Companys capital stock shall be two billion, one hundred and thirty-eight million, five hundred and six thousand, seven hundred and sixteen reais and forty-five centavos (R$2,138,506,716.45) represented by one hundred and ninety-six billion, three hundred and ninety million, seven hundred and ninety thousand, one hundred and eighty-two (196,390,790,182) non-par book-entry common shares. The shares issued due to the exercise of rights inherent to the Subscription Bonus, between July 28 and September 28, 2007, shall fully participate in a possible payment of dividends and interest on equity to be approved by the Company, corresponding to the fiscal year of 2007, subscription year of the shares. 3.1.1. Call of the Companys Extraordinary Shareholders Meeting. The Board of Directors approved the call of the Companys Extraordinary Shareholders Meeting to resolve on the amendment to the wording of Article 5 of the Bylaws to reflect the Companys capital increase pursuant to item 3.1 above.

3.2. Payment of Dividends. The Board of Directors, given the provisions in Article 24 of the Companys Bylaws, approved, by unanimous vote: (i) to declare dividends of five hundred and eighteen million reais (R$518,000,000.00), based on the balance sheet of June 30, 2007 to be divided by the number of subscribed shares up to October 26, 2007, to the net retained earnings account, in accordance with paragraph 2 of Article 204 of Law 6,404/76. Given the possibility of holders of the Companys subscription bonus exercise, up to October 26, 2007, the rights granted to the subscription bonus, the calculation of the dividend by share shall only be disclosed on October 29, 2007. Such dividends shall be available to shareholders as of November 21, 2007, without withholding income tax (pursuant to Article 10 of Law 9,249/95). Thus, transfers of shares as of October 29, 2007 will be made ex dividends; and that (a) the shareholders who have their registration updated with Banco Bradesco S.A. shall have dividends available as of November 21, 2007, without monetary restatement, in their banks, as provided to the depository institutions; (b) the shareholders using fiduciary custodies shall have their dividends credited according to the procedures adopted by the Stock Exchanges; (c) the shareholders with shares held in custody at CBLC shall be paid by means of the respective depositing brokers; and (d) the shareholders who do not have their registration updated shall go to one of the branches of Banco Bradesco S.A. to regulate their registrations, and receive the amount they are entitled to.

(ii)

3.3. Proposal of Dividends Policy. The Board of Directors approved, by unanimous vote, the proposal of the Companys Dividends Policy under the terms presented by the Board of Executive Officers. 3.4. Amendment to the terms of the subscription bonus of the Companys shares. The Board of Directors approved, by unanimous vote, the proposal of the Board of Executive Officers for the amendment to the terms of the subscription bonus of the Companys shares, granted to debentureholders of the 4th Issue of Light Servios de Eletricidade S.A., authorizing the Management to carry out all acts necessary to the compliance with this resolution. 3.5. Vote Orientation of the Management of Light S.A. at the Extraordinary Shareholders Meeting of Light S.E.S.A. The Board of Directors approved, by unanimous vote, the vote orientation of Light S.A. at the Extraordinary Shareholders Meeting of Light S.E.S.A. in view to approve (i) the amendment to the wording of Article 5 of the Bylaws to reflect the capital increase of Light S.E.S.A. pursuant to the terms approved by the Board of Directors, and (ii) the amendments to the Deed of the 4th Issue of Convertible Debentures of Light S.E.S.A. under the terms approved by the Board of Directors of Light S.E.S.A., authorizing the Management to execute the respective addendum, since such amendments are previously approved by the debentureholders.

4. Closure: There being no further business to discuss, these minutes were drawn up, which, after being read and approved, were signed by all in attendance. Rio de Janeiro, September 28, 2007. Chairman: Wilson Nlio Brumer; Secretary: Patricia Veiga Borges; Board members: Aldo Floris, Alessandro Monteiro Morgado Horta, Djalma Bastos de Morais, Eduardo Borges de Andrade, Jos Luiz Silva, Raphael Hermeto de Almeida Magalhes, Srgio Landau, Almir Jos dos Santos, Ana Marta Horta Veloso and Paulo Reckziegel Guedes, Alfredo Salomo Neto, Bruno Constantino Alexandre dos Santos, Celso Fernandez Quintella, Joo Batista Zolini Carneiro, Lauro Alberto De Luca and Ruy Flaks Schneider. This is a free English translation of the certificate of the resolutions adopted at the Board of Directors meeting of Light S.A., held on this date. Rio de Janeiro, September 28, 2007. Patricia Veiga Borges, Secretary of the Meeting. TRADE BOARD OF THE STATE OF RIO DE JANEIRO. I certify the granting on October 5, 2007, AND THE REGISTRATION UNDER THE NUMBER AND DATE BELOW. LIGHT S/A. NO. 1740597, DATE: October 5, 2007. Valria G. M. Serra, GENERAL SECRETARY.