ENG 02.03.15 - ARCA - EQTL - RATIFICAÇÃO AVAL CONTRATO EMPRÉSTIMO E SWAP CELPA-ITAU - Circularização - Cópia


EQUATORIAL ENERGIA S/A
Corporate Taxpayer's ID (CNPJ/MF) 03.220.438/0001-73
Company Registry (NIRE) 2130000938-8
Publicly-Held Company
MINUTES OF THE BOARD OF DIRECTORS' MEETING HELD ON MARCH 02, 2015

1. DATE, TIME AND VENUE:On March 02, 2015, at Equatorial Energia's ("Company")

branch in the city of Rio de Janeiro, located at Avenida Borges de Medeiros, 633, Gr.
708, Leblon, Offices Shopping Leblon, CEP 22430-041, at 12:00 a.m.

2. CALL NOTICE:Call notice was sent through e-mail to all members of the Boards of

Directors.

3. QUORUM AND ATTENDANCE:The following Board members were present: Firmino Ferreira Sampaio Neto, Gilberto Sayão da Silva, Alessandro Monteiro Morgado Horta, Carlos Augusto Leone Piani, Paulo Jerônimo Bandeira de Mello Pedrosa, Celso Fernandez Quintella and Eduardo Saggioro.

4. PRESIDING: Chairman: Carlos Augusto Leone Piani; Secretary: David Abdalla Pires

Leal.

5. RESOLUTIONS: The meeting was instated; Mr. Carlos Augusto Leone Piani was in the chair and invited Mr. David Abdalla Pires Leal to act as the secretary. The following resolutions were approved by unanimous vote:

1. To approve the drawing up of these minutes in summary format, pursuant to article 130, paragraph 1 of the Brazilian Corporation Law.
2. To ratify the provision of guarantees by the Company, in favor of its subsidiary, Centrais Elétricas do Pará S.A. - CELPA, in the amount of up to R$200,001,000.00 (two hundred million and one thousand reais), in dollars, to ensure the compliance with the funding agreement signed by the subsidiary and Banco Itaú S.A.;
3. To ratify the provision of guarantees by the Company in the Swap Agreement approved in the item above;
4. To authorize the Board to perform all acts necessary and/or convenient to implement the previous resolutions; and

6. CLOSING: There being no further business to discuss, the meeting was adjourned for the drawing up of these minutes, which were read, approved and signed by all the undersigned members.

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7. SIGNATURES:Chairman: Carlos Augusto Leone Piani, Secretary: David Abdalla Pires Leal; Members of the Board of Directors: Firmino Ferreira Sampaio Neto, Gilberto Sayão da Silva, Alessandro Monteiro Morgado Horta, Carlos Augusto Leone Piani, Paulo Jerônimo Bandeira de Mello Pedrosa, Celso Fernandez Quintella and

Eduardo Saggioro.

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S.A, realizada em 02 de março de 2015. Página 2 de 2

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