LIGHT S.A. CORPORATE TAXPAYER ID (CNPJ/MF): 03.378.521/0001-75 COMPANY REGISTRY (NIRE): 3.330.026.

316-1 PUBLICLY-HELD COMPANY EXTRACT OF THE MINUTES OF THE BOARD OF DIRECTORS MEETING OF LIGHT S.A., HELD ON JULY 16, 2010, DRAWN UP IN SUMMARY FORMAT, PURSUANT TO PARAGRAPH 1 OF ARTICLE 130 OF LAW 6404/76. 1. Date, time and venue: July 16, 2010, at 9:30 a.m., at Av. Marechal Floriano, n 168, parte, 2 andar, Corredor A, Centro, in the city and state of Rio de Janeiro. 2. Attendance: Sitting members Srgio Alair Barroso, chairman of the meeting, Aldo Floris, Ana Marta Horta Veloso, Carlos Roberto Teixeira Junger, Djalma Bastos de Morais, Firmino Ferreira Sampaio Neto, Joo Mrcio Lignani Siqueira, Luiz Carlos Costeira Urquiza , Maria Silvia Bastos Marques and Carlos Alberto da Cruz. The deputy members Almir Jos dos Santos, Lauro Alberto De Luca, Luiz Fernando Rolla and Carmen Lcia Claussen Kanter also attended the meeting, as did the Companys CEO, Jerson Kelman, the executive officers Ana Silvia Corso Matte, Paulo Roberto Ribeiro Pinto, Jose Humberto de Castro, Evandro Leite Vasconcelos and Joo Batista Zolini Carneiro, and the consultant, Paulo Henrique Siqueira Born, all of whom did not vote. Carla Alexandra da Motta Pirahy, lawyer, was invited to serve as secretary. 3. Agenda and Resolutions: 3.2. Hedge related to the 5th Debenture Issue The Board unanimously and as recommended by the Management Committee, approved and instructed the board members appointed by Light S.A. to the Board of Directors of Light S.E.S.A. to approve the hedge operation to be executed between Light S.E.S.A. and Banco HSBC S/A, related to the 5th debenture issue, by means of a Swap Agreement, in accordance with the provisions of ACD n F-008/2010, as follows: Instrument: Swap Agreement; Light receives: the CDI interbank rate + 1.50% p.a.; Light pays: up to 106% of the CDI rate plus the variation (positive or negative) in the long-term interest rate (TJLP) over 6% p.a.; Borrower: Light Servios de Eletricidade S/A; Creditor: Banco HSBC S/A; Notional Value: up to R$500,000,000.00; and Maturity: up to January 25, 2014. 3.4. Working Capital Credit Line Banco Pine S/A The Board unanimously and as recommended by the Management Committee, approved and instructed the Board members appointed by Light S.A. to the Board of Directors of Light S.E.S.A. to approve, in accordance with the provisions of ACD n F-009/2010, the execution of the Working Capital Credit Line Agreement between Light S.E.S.A (borrower) and Banco Pine S/A totaling twenty million reais (R$20,000,000.00), to be released according to the borrowers cash requirements, with a 90-day maximum term between each transaction, which will be valid for 90 days (subject to renewal) as of the release of funds. The costs involved will be established upon each disbursement. 3.17. Renewal of Letter of Guarantee /Itaocara Energia The Board unanimously and as recommended by the Management Committee, countersigned the Managements resolution taken at the meeting held on July 13, 2010, authorizing Light S/A to be the guarantor for the renewal of the letter of guarantee to Banco Votorantim S/A; Principal debtor: Itaocara Energia Ltda. (as participant, holding 51% of the Itaocara SHP Consortium, together with CEMIG GT - 49%); Beneficiary: National Electric Power Agent (ANEEL); Guarantor: Light S.A.; Purpose: to guarantee compliance with the obligations of the Itaocara SHP Consortium before ANEEL within the scope of Concession Agreement no.

12/2001, Process no. 48.500.005924/00-61; Issue: immediate: Maturity: 60 days as of the issue date; Commission: up to 1.50% p.a. on the value of the guarantee; Payment conditions: in advance; Guarantee: guaranteed by LIGHT S.A. and a promissory note, in accordance with ACD n 06/2010. This is a free translation of the excerpt of the minutes of the Companys Board of Directors held today.

Carla Alexandra da Motta Pirahy Secretary