LIGHT S.A.

Corporate Taxpayers' ID (CNPJ/MF):03.378.521/0001-75

Company Registry (NIRE): 33.3.0026.316-1

PUBLICLY-HELD COMPANY

EXTRACT OF THE MINUTES OF THE BOARD OF DIRECTORS' MEETING OF LIGHT S.A. HELD OM MAY 22, 2015, DRAWN UP IN SUMMARY FORMAT.

1. Date, time and venue: May 22, 2015, at 10:00 a.m., at the headquarters of Light S.A. ('Company'), at Avenida Marechal Floriano, 168, parte, 2º andar, corredor A, Centro, in the city and state of Rio de Janeiro.

2. Attendance: The sitting Board members Nelson José Hubner Moreira, Chairman, Fernando Henrique Schüffner Neto, Marco Antônio de Rezende Teixeira, Ana Marta Horta Veloso, Marcos Ricardo Lot, Marcelo Pedreira Oliveira, Guilherme Narciso de Lacerda, Silvio Artur Meira Starling and Carlos Alberto da Cruz, as well as the alternate Board members, César Vaz de Melo Fernandes and Daniel Batista da Silva Júnior attended the meeting. The alternate Board members, Samy Kopit Moscovitch, Eduardo Henrique Campolina Franco, Rogério Sobreira Bezerra, José Augusto Gomes Campos, Edson Rogério da Costa, Eduardo Maculan Vincentini and Magno dos Santos Filho attended the meeting but did not vote. Paula Regina Novello Cury was invited to act as secretary. The Company's Chief Executive Officer, Paulo Roberto Ribeiro Pinto, the Executive Officers João Batista Zolini Carneiro, Andreia Ribeiro Junqueira e Souza, Luís Fernando de Almeida Guimarães, Ailton Fernando Dias, Ricardo Cesar Costa Rocha and Cláudio Bernardo Guimarães de Moraes also attended the meeting but did not vote.

3. Matters Addressed and Resolutions:

3.13. ACD no. F-004/2015 (Light S.A. and Light Energia S.A.) - Contracting of surety for settlement on the spot market.

As recommended by the Finance Committee, the Board of Directors unanimously approved and instructed the Board members appointed by the Company to issue a favorable vote at the Board of Directors' meeting of Light Energia which will resolve on the monthly contracting of letters of guarantee to cover the purchase of short-term energy at the spot market (CCEE), under the following conditions: a) Title: Letter of Guarantee (1 or more); b) Guaranteed: Light Energia S.A.; c) Amount: up to fifty million reais (R$50,000,000.00), individually; d) Commission: up to 1.50% p.a.; e) Term: within thirty (30) days; f) Validity: until December 2015; g) Object: Guarantee of the agreement for CCEE; and, h) Guarantee: Suretyship of Light S.A., pursuant to ACD no. F-004/2015, of May 8, 2015.

4. Resignation of member of the Company's Board of Directors.

The Chairman of the Board of Directors informed the receipt of a correspondence containing a resignation letter, dated May 15, 2015, in which Mr. Jálisson Lage Maciel resigns from the position of alternate member of the Company's Board of Directors.

Other Board members thanked and praised the works performed by Mr. Jálisson Lage Maciel, during the period he was a member of the Company's Board of Directors.

This is a free English translation of the extract of the minutes drawn up in the Company's records referring to the Board of Directors' meeting of Light S.A. held on this date.

Paula Regina Novello Cury

Secretary

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