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Material Fact - Disinvestment Program


MATERIAL FACT

Transmissora Aliança de Energia Elétrica S.A. ("Company", "Taesa") in compliance with Article 157, paragraph 4, of Law 6404/76 and CVM Rule 358/02, hereby announces its Shareholders, the market in general and other interested parties that Companhia Energética de Minas Gerais ("CEMIG") filled, on this date, the following Material Fact:

"Cemig (Companhia Energética de Minas Gerais), a listed company with securities traded on the stock exchanges of São Paulo, New York and Madrid, and its wholly-owned subsidiary Cemig Geração e Transmissão S.A. (‘Cemig GT‘), as per CVM Instruction 358 of January 3, 2002, as amended, hereby report to the Brazilian Securities Commission (CVM), the São Paulo Stock Exchange (BM&F Bovespa S.A.) and the market as follows:

Cemig has today announced its disinvestment program, during its 22nd Annual Meeting with the Capital Markets, a public event which is widely reported, including by video webcast. Implementation of this Disinvestment Program aims to re-establish Cemig‘s financial equilibrium, through an accelerated reduction of net debt. The company‘s criteria for choice of priorities in the Disinvestment Program are:

a) assets with the highest liquidity;
b) assets that are not expected to provide returns in the short term; and
c) assets that are not strategic and/or in which the Company has less significant equity interests.

Cemig will keep stockholders and the market timely and appropriately informed on the progress of this program."

Click here to access the Material Fact and the summary of the Program.


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