LIGHT S.A. CORPORATE TAXPAYERS ID (CNPJ/MF) 03.378.521/0001-75 CORPORATE REGISTRY ID (NIRE) 33.300.263.

16-1 PUBLICLY-HELD COMPANY EXCERPT OF THE MINUTES OF THE BOARD OF DIRECTORS MEETING OF LIGHT S.A. HELD ON DECEMBER 21, 2007, DRAWN UP IN THE SUMMARY FORMAT AS PROVIDED FOR IN PARAGRAPH 1 OF ARTICLE 130 OF LAW 6,404/76.

1. Date, time and place: December 21, 2007 at 3:00 P.M., at Avenida Marechal Floriano, n. 168, parte, 2 andar, Corredor A, Centro, City and State of Rio de Janeiro. 2. Attendance: Sitting board members Aldo Floris, Djalma Bastos de Morais, Jos Luiz Silva, Ricardo Coutinho Sena, Eduardo Borges de Andrade, Chairman of the meeting, as well as deputy board members Almir Jos dos Santos, Bruno Constantino Alexandre dos Santos, Joo Batista Zolini Carneiro and Ruy Flaks Schneider. Deputy Board Members Celso Fernandez Quintella, Lauro Alberto De Luca, Luiz Fernando Rolla and Paulo Roberto Reckziegel Guedes also attended the meeting, although they did not participate in the voting. Attorney Patricia Veiga Borges was invited to be the secretary of the meeting. Directors Jos Luiz Alqures and Ronnie Vaz Moreira also attended the meeting. 3. Agenda Resolutions: The Management informed the Board of Directors of the continued revision of the Company's capital structure followed by the initiative to renegotiate the Simple Debentures of the 5th Issue of Light S.E.S.A. in the amount of R$1 billion (5th Issue). Board members were informed that the Company received proposals from several banks and that the proposal received by the coordinating banks Ita BBA, Bradeso, Unibanco, Citibank and BNP Paribas presented the best conditions as per the description below of the main characteristics of the proposal: Issuing company: Leading coordinators: Volume: Instrument: Purpose: Disbursement: Final maturity: Amortization: Remuneration: LIGHT S.E.S.A.; Ita BBA, Bradesco, Unibanco, Citibank and BNP Paribas; Minimum of R$400 million; Simple Debentures Not Convertible into Shares Partial prepayment of the debt represented by the 5th Issue Starting January 22, 2008 6 years; Semi-annually, as of the 4th year; To be defined by the bookbuilding procedure, starting at CDI + 1.05% p.a.; Period of Interests: Semi-annually; Issue Cost: 0.5% over the total Issue, plus 25% commission over the difference between the final remuneration rate and the initial bookbuilding remuneration rate. Early Redemption: At any moment, the Issuer may make an offer for total or partial early redemption, which shall be addressed to all debenture holders, setting forth the terms and conditions for the

Covenants:

Guarantees: Exclusivity:

redemption; Yet to be defined; Yet to be defined, limited to the corporate guarantee of Light S.A.; Exclusivity for a six-(6) month period as of the execution date or the date the issue is concluded (whichever happens first), during which Light S.E.S.A. shall not disclose intention or hire or grant mandate to another local or international institution to develop and/or access the local and/or international capital markets by means of operations similar to the above.

Board members were also informed that, taking into account that the abovementioned banks are holders of most of the debentures of the 5th Issue, they have committed themselves, as a consequence of accepting the above proposal, to approve at a specific AGD the following amendments to the terms and conditions of the deed of the 5th Issue: Remaining Volume: Remuneration: New Early Redemption: abovementioned AGD. Up to R$600 million (after prepayment with resources from this 6th issue of debentures); Reduction from CDI+1.50% p.a. to CDI+1.35% p.a.; At least 9 months as of the respective resolution of the

The Board of Directors unanimously approved and oriented its members appointed by Light S.A. to the Board of Directors of Light S.E.S.A. to approve the contract of the above operations by Light S.E.S.A., pursuant to the terms and conditions described above, as well as to take all measures necessary to perform the amendments proposed to the terms of the 5th Issue.
3.3. 2008-2011 Strategic Planning.

The Management presented the 2008-2011 Strategic Planning of Grupo Light. The Board of Directors unanimously approved and oriented the members appointed by Light S.A. to the board of Directors of Light S.E.S.A. to approve the Management proposal. I certify that this is an excerpt of the minutes of the Board of Directors Meeting of the Company held on this date. Rio de Janeiro, December 21, 2007.

Patricia Veiga Borges Secretary of the Meeting