Novo Mercado (NSF)

LIGHT S.A.
Corporate Taxpayer’s 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 MARCH 28, 2008, AT 3:00 P.M., DRAWN UP IN THE SUMMARY
FORMAT, AS ALLOWED BY PARAGRAPH 1, OF ARTICLE 130, OF LAW 6,404/76.
1. Date, time and place: March 28, 2008, at 3:00 P.M., held at Av. Marechal Floriano, nº
168, parte, 2º andar, Corredor A, Centro, in the City and State of Rio de Janeiro.
2. Attendees: Sitting members Aldo Floris, Carlos Augusto Leone Piani, Djalma Bastos de
Morais, Eduardo Borges de Andrade, Elvio Lima Gaspar, Firmino Ferreira Sampaio Neto,
Ricardo Coutinho de Sena, Ricardo Simonsen, Ruy Flaks Schneider, and Wilson Nélio
Brumer, chairman of the meeting, as well as deputy member in office Carmen Lúcia
Claussen Kanter. The following deputy members also attended the meeting, without,
however, taking part in the voting: Almir José dos Santos, Carlos Roberto Teixeira Junger,
João Batista Zolini Carneiro, João Pedro Amado Andrade, Joaquim Dias de Castro, Lauro
Alberto De Luca, Luiz Fernando Rolla, Paulo Roberto Reckziegel Guedes. Attorney Patricia
Veiga Borges was invited to be the secretary of the meeting. Officers José Luiz Alquéres and
Ronnie Vaz Moreira also attended the meeting.
3. Matters Discussed – Resolutions:
3.1. 2008 Tariff Review.
The Board of Executive Officers made a presentation about the matter.
3.2. Election of Chairman and Vice-Chairman of the Board of Directors of Light S.A.
and Light S.E.S.A.
The Board, by unanimous vote, approved and recommended the board members
appointed by Light S.A. in the Board of Directors of Light S.E.S.A. to approve the
appointment of Mr. Wilson Nélio Brumer for the positions of Chairman and of Mr.
Eduardo Borges de Andrade for the positions of Vice-Chairman of the Boards of Directors
of Light S.A. and of Light S.E.S.A., both with a one (1)-year term of office..
3.3. 2008 Budget Review.
The Board, by unanimous vote, approved and recommended the board members appointed
by Light S.A. in the Board of Directors of Light S.E.S.A. to approve the proposal of the Board
of Executive Officers under the terms presented.
3.4. EBL – Companhia de Eficiência Energética S/A: Bylaws, Shareholders’
Agreement, Appointment of Board Member and Officer.
The Board, by unanimous vote, approved the proposal of the Board of Executive Officers,
pursuant to ACD No. C-008/2008, to authorize the execution of the Bylaws and
Shareholders’ Agreement of EBL, and the appointment of Messrs. José Hilário Farina Portes
for Sitting Member, Leonardo Augusto Silva de Morais for Deputy Member and Marco
Antônio Donatelli for Officer of EBL.
3.5. Sale of Land at Rua Real Grandeza 410, Botafogo.
The Board, by unanimous vote, approved and recommended the board members appointed
by Light S.A. in the Board of Directors of Light S.E.S.A. to approve the proposal of the Board
of Executive Officers, pursuant to ACD No. G-006/2008, for the sale of the real estate
located at Rua Real Grandeza 410, Botafogo, Rio de Janeiro, to the proponent buyer
Kreimer Engenharia Ltda.
3.6. Capital Reduction of LIR.
The Board, by unanimous vote, approved and recommended the board members appointed
by Light S.A. in the Board of Directors of Light S.E.S.A. to approve the proposal of the Board
of Executive Officers, pursuant to ACD No. F-004/2008, as follows:
Allocation of Funds: Light - Serviços de Eletricidade S/A
Company whose capital will be reduced: LIR Energy Ltd.
Bank: To be defined.
Amount: Up to US$45 million
Date: Up to April 22, 2008
Justification for the capital reduction: Availability of funds in LIR Energy Ltd., with
no utilization perspective, in addition to Light’s cash needs.
This is a free English translation of the excerpt of the minutes of the Company’s Board of
Directors’ meeting, held on this date.
Rio de Janeiro, March 28, 2008.
Patricia Veiga Borges
Secretary of the meeting