LIGHT S.A. Corporate Taxpayer ID (CNPJ/MF): 03.378.521/0001-75 Company Registry (NIRE): 33.3.0026.

316-1 PUBLICLY-HELD COMPANY

MINUTES OF THE BOARD OF DIRECTORS MEETING OF LIGHT S.A., HELD ON JULY, 21, 2011, DRAWN UP IN THE SUMMARY FORMAT, PURSUANT TO PARAGRAPH 1, ARTICLE 130 OF LAW 6,404/76. 1. Date, time and venue: The meeting was held on July 21, 2011, at 3:00 p.m., via conference call. 2. Attendance: Sitting Board members, Sergio Alair Barroso, Chairman of the Board, Djalma Bastos de Morais, Carlos Alberto da Cruz and Luiz Carlos Costeira Urquiza, as well as the acting deputy member, Joaquim Dias de Castro. Deputy Board members, Carmen Lcia Claussen Kanter and Wilson Borrajo Cid also attended the meeting, but they did not vote. The attorney Cludia de Moraes Santos was invited to the meeting as secretary. The Companys Chief Executive Officer, Jerson Kelman and the executive officers, Ana Silvia Corso Matte, Jos Humberto Castro and Paulo Roberto Ribeiro Pinto also attended the meeting. 3. Agenda and Resolutions: 3.1. Investment in the Underground System Upgrade The Board of Directors unanimously approved and advised the board members appointed by Light S.A. at the Board of Directors of Light S.E.S.A., taking into account the proposal of Light S.E.S.A.s Board of Executive Officers to authorize investments of three hundred and twenty million reais (R$320,000,000,00) for the two-year period 2012/2013 related to the underground network upgrade (CAPEX and OPEX). Light S.E.S.A.s Board of Executive Officers shall submit to the Board of Directors of Light S.E.S.A. and to the Company a detailed proposal for the investment program, when annual budgets are drafted and approved. Regarding the 2011 budget, the Board of Directors took cognizance of CAPEX relocation made by Light S.E.S.A.s Board of Executive Officers, amounting to twelve million reais (R$12,000,000,00). Accordingly, the budget (CAPEX and OPEX) to be invested in the underground network increased from eighty-eight million reais (R$88,000,000,00) to one hundred million reais (R$100,000,000,00). 3.2. Light S.A.s Voting Advice on the Call Notice for Light S.E.S.A.s Special Shareholders Meeting The Board of Directors unanimously approved and advised the board members appointed by Light S.A. at the Board of Directors of Light S.E.S.A. to approve the call notice for Light S.E.S.A.s Special Shareholders Meeting in order to resolve on the election of members of the Board of Directors and fill in positions in replacement of resigned members.
LIGHT S.A. - RCA 7.21.2011 Page 1 of 2

Minutes of the Board of Directors Meeting of Light S.A. held on July 21, 2011, at 3:00 p.m. (continued).

3.3.

Call Notice for the Special Shareholders Meeting

The Board of Directors unanimously approved the call notice for Light S.A.s Special Shareholders Meeting to resolve on the following matters: (i) to amend the Companys Bylaws, in order to conform it with current rules of BM&F BOVESPAs Novo Mercado; (ii) to review the individual compensation of sitting and deputy members of the Fiscal Council; and, (iii) to ratify the approval of call notice for the Special Shareholders Meeting in order to elect the members of the Board of Directors and fill in positions in replacement of resigned members. 4. Closure: There being no further business to discuss, these minutes were read, approved and signed by all Board members. Sergio Alair Barroso, Chairman, Cludia de Moraes Santos, Secretary. Board members: Djalma Bastos de Morais, Carlos Alberto da Cruz, Luiz Carlos Costeira Urquiza, Joaquim Dias de Castro, Carmen Lcia Claussen Kanter and Wilson Borrajo Cid. This is a free English translation of the minutes of Light S.A.s Board of Directors meeting, held on this date, drawn up in the Companys records.

Cludia de Moraes Santos Secretary

LIGHT S.A. - RCA 7.21..2011 Page 2 of 2