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Material Fact - FIP Coliseu Extension


Material Fact

In compliance with paragraph 4 of Article 157 of Law 6,404/76 and CVM Instruction 358/02, as amended by CVM Instructions 369/02 and 449/07, Transmissora Aliança de Energia Elétrica S.A. ("Taesa" or "Company") hereby informs its shareholders and the market in general that:

i) At the 19th Quotaholders’ Meeting of October 21, 2014, the quotaholders of Fundo de Investimento em Participações Coliseu ("FIP Coliseu"), a Private Equity Fund which is part of the Company’s controlling block, approved the extension of the duration of FIP Coliseu, which was supposed to end on October 26, 2014, by up to 720 days as of October 21, 2014;

ii) Clause 16.1.1 of the First Addendum to Taesa’s Shareholders’ Agreement ("Shareholders’ Agreement") establishes that Santander Participações S.A. ("Santander"), quotaholder of FIP Coliseu and, therefore, Taesa’s indirect shareholder, will withdraw from the Shareholders’ Agreement on October 30, 2014. In order to render said withdrawal from the Shareholders’ Agreement effective and, in view of the extension of the term of FIP Coliseu mentioned above, FIP Coliseu held its 20th Quotaholders’ Meeting, which approved the partial spin-off of FIP Coliseu, with the transfer of Taesa’s common shares indirectly held by Santander, then held by FIP Coliseu, to Fundo de Investimento em Participações Resling (whose sole quotaholder is Santander, hereinafter "FIP Resling"). As a result, FIP Resling now holds 76,258,597 common shares issued by Taesa.

iii) As per Santander’s request, on October 30, 2014, Taesa’s Board of Directors ratified the conversion of 50,839,064 common shares held by FIP Resling into preferred shares.

iv) Also as per Santander’s request, the Company’s Board of Directors then ratified the issue of 25,419,532 Units of Taesa in favor of FIP Resling, upon the reverse split of 50,839,064 preferred shares converted into the 25,419,532 common shares held by FIP Resling on October 30, 2014.

v) After the split of the shares held by Santander and issue of the Units held thereby, the Company’s capital stock was altered as detailed in the tables below:

Before the split and issue of the Units:


Common Shares % Preferred Shares % Total Capital Stock %
FIP Coliseu
305,034,387 44.1% - 0.0% 305,034,387
29.5%
Cemig
293,072,229 42.4% 155,050,644 45.3% 448,122,873
43.4%
Free Float
93,446,475 13.5% 186,892,944 54.7% 280,339,461
27.1%
Total
691,553,133
100.0% 341,943,588 100.0% 1,033,496,721
100.0%

After the split and issue of the Units:


Common Shares % Preferred Shares % Total Capital Stock %
FIP Coliseu
228,775,790 35.7% - 0.0% 228,775,790
22.1%
Cemig
293,072,229 45.7% 155,050,644 39.5% 448,122,873
43.4%
Free Float 93,446,517 14.6% 186,892,944 47.6% 280,339,461
27.1%
FIP Resling
25,419,533
4.0% 50,839,064 12.9% 76,258,597 7.4%
Total
640,714,069
100.0% 392,782,652 100.0% 1,033,496,721
100.0%

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For further information, please contact the Company’s Investor Relations Department.


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