LIGHT S.A. Corporate Taxpayers ID (CNPJ/MF) 03.378.521/0001-75 Company Registry ID (NIRE) 33.3.

0026316-1 PUBLICLY-HELD COMPANY EXCERPT OF THE MINUTES OF THE BOARD OF DIRECTORS MEETING OF LIGHT S.A., HELD ON MARCH 25, 2008 at 4:00 P.M. DRAWN UP IN THE SUMMARY FORMAT, AS PROVIDED FOR IN PARAGRAPH 1 OF ARTICLE 130 OF LAW 6,404/76. 1. Date, time and place: April 25, 2008 at 1:00 p.m. at Avenida Marechal Floriano, n. 168, parte, 2 andar, Corredor A, Centro, City and State of Rio de Janeiro. 2. Attendance: Sitting board members Aldo Floris, Carlos Augusto Leone Piani, Djalma Bastos de Morais, Eduardo Borges de Andrade, Elvio Lima Gaspar, Firmino Ferreira Sampaio Neto, Jos Luiz Silva, Ricardo Simonsen and Wilson Nlio Brumer, chairman of the meeting, as well as deputy board members Almir Jos dos Santos and Paulo Roberto Reckziegel Guedes. Deputy board members Ana Marta Horta Veloso, Carlos Roberto Teixeira Junger and Carmen Lcia Claussen Kanter also attended the meeting, although they did not vote. Attorney Patricia Veiga Borges was invited to be the secretary of the meeting. Directors Jos Luiz Alqures and Ronnie Vaz Moreira also attended the meeting. 3. Agenda Resolutions: 3.2. Result of the 1st quarter of 2008. The Management presented the Companys 1st quarter of 2008 results. 3.3. Guarantee for Tax Foreclosure Banco ABC Brasil. The Board of Directors unanimously approved and oriented the board members appointed by Light S.A. at the Board of Directors of Light S.E.S.A. to approve the Managements proposal, pursuant to ACD no. F-004-2008, as follows: Guarantor bank: Benneficiary: Guaranteed: Purpose: Amount: Issue: Maturity: Commision Guarantees: Banco ABC Brasil City of Paraba do Sul Light - Servios de Eletricidade S/A Ensure Tax Execution no. 2002.040.004783-8, claimed by the City of Paraba do Sul. Up to R$6.0 million, adjusted by the SELIC (base interest rate) Immediate Undetermined 0.80% p.a. over the guaranteed amount, prepaid annually Promissory Note

3.4. 5th Debentures Issue The Board of Directors unanimously approved and oriented the board members appointed by Light S.A. at the board of Directors of Light S.E.S.A. to approve the Managements proposal, pursuant to ACD no. F-006-2008, for the amendment of the conditions of the 5 th Issue of Simple Debentures of Light Servios de Eletricidade S.A. (5th Issue): I Make the following amendments to the conditions of the 5th Issue: I.1. Amendment to the amortization flux of the debenture, as follows: Scheduled Amortization: Date Jan 22, 2008 Apr 22, 2008 Jul 22, 2008 Oct 22, 2009 Jan 22, 2009 Apr 22, 2009 Jul 22, 2009 Oct 22, 2009 Jan 22, 2010 Apr 22, 2010 Jul 22, 2010 Oct 22, 2010 Jan 22, 2011 Apr 22, 2011 Jul 22, 2011 Oct 22, 2011 Jan 22, 2012 Apr 22, 2012 Jul 22, 2012 Oct 22, 2012 Jan 22, 2013 Apr 22, 2013 Jul 22, 2013 Oct 22, 2013 Jan 22, 2014 Original Flux 1,25% 1,25% 1,25% 1,25% 1,25% 1,25% 1,25% 1,25% 2,50% 2,50% 2,50% 2,50% 2,50% 2,50% 2,50% 2,50% 5% 5% 5% 5% 6,25% 6,25% 6,25% 6,25% 25% 100,00% New Flux 1,25% 1,25% 0,50% 0,50% 0,50% 0,50% 0,50% 0,50% 1,75% 1,75% 1,75% 1,75% 1,75% 1,75% 1,75% 1,75% 5% 5% 5% 5% 6,75% 6,75% 6,75% 6,75% 33,50% 100,00%

I.2. Maintenance of the Amortization Premium at 0.25% up to January 2009 and addition of an Amortization Premium of 0.20% valid from January 2009 to July 2009; and II Grant preemptive right to the Consortium with Right-to-match at an eventual debentures operation of Light, valid through July 2009 for an amount equivalent to the greaterof fifty percent (50%) of the new issue or R$ 200 million; III Amendment to the Private Instrument of Deed of the 5th Issue of Simple Debentures by Light Servios de Eletricidade S.A. (Deed of Issue), so as to reflect the amendments set forth in item I above. The Board of Directors authorized the Management to carry out all acts necessary to call and hold a General Debenture Holders Meeting (AGD") to approve the 5th Issue under the

new conditions, and subsequent formalization of the amendment to the Deed of Issue. 3.5. Payment of Dividends of Light Overseas Investments Ltd. The Board of Directors unanimously approved and oriented the board members appointed by Light S.A. at the Board of Directors of Light S.E.S.A. to approve the Managements proposal, pursuant to ACD no. F-005-2008, to declare and pay dividends by Light Overseas Investments Ltd., as follows: Allocation of Funds: Light Servios de Eletricidade S/A Bank: not yet defined Amount: up to US$ 27.5 million I certify that this is an excerpt of the minutes of the Board of Directors Meeting of the Company, held on this date. Rio de Janeiro, April 25, 2008.

Patricia Veiga Borges Secretary of the Meeting