FAQ

Eletrobras shares, both common and preferred shares, are traded on B3 (Brazil, Bolsa, Balcão) and on the New York Stock Exchange – NYSE (via ADR program)..

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Eletrobras adhered to Level 1 of Corporate Governance of B3 – Brasil, Bolsa, Balcão, demonstrating its commitment to ethics, transparency and respect for its shareholders. The characteristics of this adhesion can be found in the Listing Level 1 Governance Regulation, available at B3 – Brasil, Bolsa Balcão.

While an ADR is a receipt that allows foreign companies to trade shares in the United States, the ADS is the stock itself that backs the ADRs traded on the US market.

The depositary agent provides the services of issuance and cancellation of ADRs, maintains the register of shareholders holding such securities, as well as performs the activities of distribution of dividends and representation in Assemblies related to such shareholders. The depository of the Eletrobras ADR program, as of August 18, 2017, is Citibank N.A. (“Citibank”). Investors wishing to receive any information regarding ADRs should obtain them with the new Citibank through the following telephone numbers: 1-877-248-4237 (USA) or 1-781-575-4555 (outside the USA) or +55 21 4009-0405 .

The custodian agent is the institution in Brazil that registers the shares that are part of the ADR program and guarantees ownership thereof. The custodian of the Eletrobras ADR program is Banco Bradesco S.A.

Investors wishing to issue ADRs must deposit the shares in the custody of Banco Bradesco S.A. – user 2653-0, Depositary: Citibank N.A .; Issuer: Centrais Elétricas Brasileiras S.A. Eletrobras, as follows: For the Ordinary Shares, client 57-6 and RDE – Electronic Declaratory Registration R1700111; and For Preferred Stock Class B, Customer 58-4 and Electronic Declaratory Registration R1700112.

A registered holder is one whose name appears on the registrar’s record and is deemed to be the owner of the record. A beneficiary holder holds receipts on behalf of another person, such as a broker, bank or appointed agent.

Eletrobras shares have no nominal value.

Access the Stocks, Debt Securities and Dividends section available on our Investor Relations page through the Investor Relations website.

Eletrobras discloses its information, among other channels, through Market Notices, Relevant Facts, Reference Form, 20F and Investor Reports. This information is forwarded to CVM, NYSE and SEC and then made available on our Investor Relations page.

To follow the schedule for disclosure of results see the Calendar of Events on our Investor Relations page.

Eletrobras also discloses its annual Financial Statements in newspapers of great circulation denominated Correio Braziliense and also in the Official Gazette of the Union.

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The preferred shares issued by Eletrobras are not entitled to vote, except for the exceptions provided for in Brazilian Law number 6,404/76, and are not convertible into common shares. However, priority is given to capital reimbursement and to the distribution of dividends.

Access the Social Capital section for more information.

The ex-dividend date is one in which the share is traded without the right to remuneration paid to shareholders.

For more informations about dividends, access the Company’s Dividend Policy available on our Investor Relations page.

The Compulsory Loan on the consumption of electricity was created by Law no. 4,156 / 62, with the purpose of expanding and improving the Brazilian electricity sector, having been collected only since 1964. Initially, the tax was levied on all electricity consumers, and its return was ensured until 1976 by the issue of bearer bonds (Obligations), whose redemption term until 1967 was 10 years, and from 1968, it was 20 years, and in both cases, early redemption was admitted by drawing lots .

With the advent of Decree-Law No. 1,512 / 76, the incidence of the compulsory loan began, during the period from 1977 to 1993, to fall only on the large industrial consumers of electricity, thus, considering those industrial companies with monthly consumption greater than 2,000 kw / h.

Thus, the collection of the Compulsory Loan tax was divided into two phases, being (1st phase) Obligations to the bearer and Cautions: the collection of the tax occurred from 1964 to 1976 and the return of the respective credits was through the issuance of bonds of Cautions and Bearer Obligations; and (2nd phase) Book-entry credits: the collection took place from 1977 to 1993 and the return of the respective credits was through the Company’s preferred shares through a meeting to convert the collected credits into shares.

There is an expressive judicial litigation involving the Company, where the largest number of lawsuits in this universe has the purpose of challenging the criteria for monetary restatement of the book-entry credits of the Compulsory Loan on the consumption of electricity, determined by the legislation that governs the Compulsory Loan and applied by Company, and the application of inflationary purges resulting from economic plans implemented in Brazil.

For additional information and / or clarification, please visit the Financial Statements or contact us through ri@eletrobras.com.

The Strategic Guidelines of the PDNG 2020-2024 highlight the company’s purpose and ambition:

In the following figure, we list the main challenges to be overcome with the execution of the selected initiatives for each one of the Strategic Guidelines gathered in Challenge 24:

For the period from 2020 to 2024, an investment of R$ 32.4 billion is expected.