Leniency Agreement with Odebrecht

Wednesday, January 2, 2019

Eletrobras release

Centrais Elétricas Brasileiras S/A ("Company" or "Eletrobras") (B3: ELET3, ELET5 & ELET6; NYSE: EBR & EBR.B; LATIBEX: XELT.O & XELT.B) hereby informs its shareholders and the market in general that on December 31, 2018 signed the adhesion form to the Leniency Agreement ("Acordo de Leniência") entered into between the Ministry of Transparency and the Controller General Office ("CGU") and Odebrecht S/A ("Odebrecht"), with the intervention of the Attorney General of the Federal Government ("AGU"), in order to receive reimbursement related to projects in which it directly or indirectly participates through its subsidiaries.

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The Eletrobras companies that will benefit from the Leniency Agreement and the amounts to be received in 21 (twenty-one) annual installments, to be updated by the SELIC rate from October 2019 onwards, are described below:

Amounts to receive

Furnas R$ 117,684,249.48

Eletrobras R$ 13,263,047.11

Chesf R$ 13,263,047.11

Eletronorte R$ 17,669,331.01

Total R$ 161,879,674.71

The amounts due take into account the equity interests of Eletrobras in the Santo Antônio and Belo Monte Hydroelectric Power Plants, for which losses in the amounts of R$122,841 thousand and R$91,464 thousand, respectively, until December 31, 2017, were already registered as a result of the findings of the independent investigation conducted by Eletrobras.

The adhesion to the Leniency Agreement is an opportunity for Eletrobras to recover part of the funds to which it is entitled, as a result of the losses caused by Odebrecht, as part of the corruption scheme unveiled by Operation Lava Jato.

Eletrobras will continue to adopt the necessary measures to receive reimbursement for the damages caused to Eletrobras group companies as a result of illegal acts in respect of which it was a victim.