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Minutes of The Board of Directors Meeting 05 02 2007

The Board of Directors of LIGHT S.A. approved: 1) Increasing the company's capital stock by R$119,771.80 through the issuance of 10,369,150 new shares. 2) Calling an Extraordinary Shareholders Meeting to amend the bylaws to reflect the capital increase. 3) Calling a meeting of LIGHT SESA shareholders to approve a capital increase of R$119,771.80 through new shares to be purchased by LIGHT S.A.

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59 views2 pages

Minutes of The Board of Directors Meeting 05 02 2007

The Board of Directors of LIGHT S.A. approved: 1) Increasing the company's capital stock by R$119,771.80 through the issuance of 10,369,150 new shares. 2) Calling an Extraordinary Shareholders Meeting to amend the bylaws to reflect the capital increase. 3) Calling a meeting of LIGHT SESA shareholders to approve a capital increase of R$119,771.80 through new shares to be purchased by LIGHT S.A.

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LightRI
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© Attribution Non-Commercial (BY-NC)
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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


EXCERPT OF THE MINUTES OF THE BOARD OF DIRECTORS MEETING OF LIGHT S.A. HELD ON MAY 2, 2007, DRAWN UP IN THE SUMMARY FORMAT AS ALLOWED BY PARAGRAPH 1, OF ARTICLE 130 OF LAW NO. 6,404/76 1. Date, time and place: May 2, 2007 at 3:00 P.M. at Av. Marechal Floriano, n 168, parte, 2 andar, Corredor A, Centro, Rio de Janeiro, RJ. 2. Attendance: Sitting members Aldo Floris, Djalma Bastos de Morais, Eduardo Borges de Andrade, Jos Luiz Silva, Raphael Hermeto de Almeida Magalhes, Ricardo Coutinho Sena, Srgio Landau and Wilson Nlio Brumer, Chairman of the meeting, as well as alternate members in office Almir Jos dos Santos, Ana Marta Horta Veloso e Bruno Constantino. The following alternate members also attended the meeting, however, without participating in the voting: Carmen Lcia Claussen Kanter, Celso Fernandez Quintella, Joo Batista Zolini, Lauro Alberto De Luca, Luiz Fernando Rolla, Paulo Roberto Reckziegel Guedes and Ruy Flaks Schneider. Attorney Caio Machado Filho was invited to be the secretary of the meeting. Officers Jos Luiz Alqures and Ronnie Vaz Moreira also attended the meeting.

3. Issues Discussed Resolutions: 3.1. Capital Stock Increase The Board of Directors, after a presentation by Officer Ronnie Vaz Moreira, pursuant to the provisions in 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 hundred and nineteen thousand, seven hundred and seventyone reais and eighty centavos (R$119,771.80), resulting from the exercise of rights inherent to a Subscription Bonus between March 23, 2007 and April 24, 2007. The increase takes place upon the issuance of 10,369,150 non-par book-entry common shares. Due to the increase resolved, the Companys capital stock will be R$1,416,492,479.98 represented by 133,924,108,367 non-par book-entry common shares; 3.2. Call of the Companys Extraordinary Shareholders Meeting The Board of Directors approved the call of the Companys Extraordinary Shareholders Meeting to resolve on: (i) amending the wording of Article 5 of the Bylaws to reflect the Companys capital increase pursuant to item 3.1 above. 3.3. Call of the Extraordinary Shareholders Meeting of LIGHT SESA
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The Board of Directors was favorable to the call of the Extraordinary General Meeting of LIGHT S.E.S.A., a wholly-owned subsidiary of the Company, to resolve on: (i) capital increase of LIGHT S.E.S.A. in the amount of one hundred and nineteen thousand, seven hundred and seventy-one reais and eighty centavos (R$119,771.80), with the issuance of ten million, three hundred and sixty-nine thousand, one hundred and fifty (10,369,150) nonpar book-entry common shares, to be subscribed and paid up by Light S.A. due to the conversion of the 4th issuance of debentures of LIGHT S.E.S.A, consequently amending the wording of Article 5 of the Bylaws of LIGHT S.E.S.A; 3.4. Vote Orientation The Board of Directors approved the favorable vote manifestation by the Company at the Extraordinary General Meeting of LIGHT S.E.S.A, which shall resolve on item 3.3 above. I declare that this is an excerpt of the resolutions adopted at the Board of Directors meeting of Light S.A., held on this date. Rio de Janeiro, May 2, 2007. Caio Machado Filho, Secretary of the meeting.

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