2019

Acquisition of Material Interest in Equatorial by CPPIB

Canada Pension Plan Investment Board - CPPIB's sole financial advisor on the acquisition of a stake of approximately 4% of the common shares issued by Equatorial Energia S.A.

Transaction Structure

The Canada Pension Plan Investment Board - CPPIB, through its Direct Equity Investments area for Latin America, acquired 8 million 39 thousand common shares issued by Equatorial Energia S.A. (approximately 4.0% stake),

The shares were acquired on the Bovespa for an approximate average value of R $ 82.0 / EQTL3, totaling approximately R $ 660 million.

CPPIB may seek the election of members of the Board of Directors at future shareholders' meetings

Transaction Highlights

Unparalleled Turnaround History of Power Distribution Companies

Market Value of R $ 16.5 Billion (1)

Equatorial Overview

Equatorial is one of the leading companies in the Brazilian electricity sector, with operations in distribution, transmission, power generation and energy trading.

Distribution, through CEMAR, Maranhão, CELPA, Pará, CEPISA, Piauí, and Ceal, Alagoas

Transmission, with 8 projects still in the pre-operational stage and Intesa, an operating line that crosses the states of Tocantins and Goiás,

Geramar Thermoelectric (Generation); Sol Energias (Marketing), and 55 Solutions (Services)