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Material Fact - Signing of the instrument about the corporate restructuring of Transmineiras


Transmissora Aliança de Energia Elétrica S.A. ("Company" or "Taesa"), pursuant to the Securities and Exchange Commission‘s Instruction No. 358, from January 3, 2002, as amended, and for the purposes of Paragraph 4 of Article 157 of Law 6404, from December 15, 1976, as amended, hereby announces to its shareholders, the market in general and other interested parties, continuing the material facts disclosed on July 3 and 12, 2017, that Taesa and Companhia Energética de Minas Gerais ("Cemig") signed, on this date, the instrument concerning the terms of the corporate restructuring involving the transfer to Taesa of the shares held by Cemig in the share capital stock of the following concessionaires that provide the public service of electric energy transmission: Companhia Transleste de Transmissão S.A. ("Transleste"), Companhia Transudeste de Transmissão S.A. ("Transudeste") and Companhia Transirapé de Transmissão S.A. ("Transirapé") (together referred to as "Transmineiras") (the "Corporate Restructuring" or "Transaction").

The initial amount of the Transaction is R$76,710,000.00 (seventy-six million, seven hundred and ten thousand reais), which will be paid on the closing date.

This amount will be adjusted by: (i) the cumulative IPCA variation from January 1, 2017 (included) until the day immediately preceding the signature date of the Corporate Restructuring instrument; and (ii) the cumulative variation of 100% (one hundred percent) of CDI from the signature date (included) until the business day immediately preceding the closing date, after deducting the dividends and/or interest on capital stated from January 1, 2017 (included) by Transmineiras in favor of Cemig, paid or not, until the closing date of the Transaction, duly adjusted by the cumulative IPCA variation from the date of the respective payment until the business day immediately preceding the closing date.

It may also be due, by Taesa to Cemig, an additional installment of price, totaling at most R$11,786,000.00 (eleven million, seven hundred and eighty-six thousand reais), in case Transmineiras obtains a favorable decision in certain legal disputes that are in progress, according to the conditions established in the Corporate Restructuring instrument. This amount will be properly adjusted by the cumulative variation of 100% (one hundred percent) of CDI from January 1, 2017 (included) until the business day immediately preceding the payment date.

The Company highlights that the Corporate Restructuring is subject to the approval of the Shareholders‘ Meeting of the Company, which will be convened to ratify the signing of the instruments needed to its implementation.

The Transaction shall be submitted to the approval of the antitrust authorities (CADE - Administrative Council for Economic Defense) and ANEEL - National Agency of Electric Energy, pursuant to the deadline and means established by the respective regulatory legislation, and its conclusion is subject to other relevant preceding approvals, which include the approval of the creditors and financing banks.

The Company will keep its shareholders and the market up to date on the development of the subject under this material fact.

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