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Material Fact - IB’s stake acquisition


MATERIAL FACT

Transmissora Aliança de Energia Elétrica S.A. ("Taesa") pursuant to Paragraph 4 of Article 157 of Law No. 6,404, and CVM Instruction No. 358/02, as amended by CVM Instructions No. 369/02 and No. 449/07, hereby announces to its shareholders, the market in general and other stakeholders that its Board of Directors approved, at a meeting held on this date, the signing, together with its affiliated company Empresa Norte de Transmissão de Energia S.A. ("ENTE") (together, "Buyers"), of a share sale and purchase agreement ("Agreement") with Apollo 12 Participações S.A. ("Seller") for the acquisition of 24.95% by Taesa and 50.10% by ENTE of the share capital of IB SPE Transmissora de Energia Elétrica S.A. ("IB") (the "Acquisition" or "Transaction").

IB is a special purpose company, which holds the concession for the public energy transmission service for the implementation and exploitation of the Electric Energy Transmission Line, namely:

Enterprise - LOTE M
Place State of Bahia
Object LT 500 kV Ibicoara - Poções III, with 165km
LT 230 kV Poções III - Poções II CD, C1 and C2, 2 x 2.5 km
SE 500/230 kV Poções III - (3+1Res) x 200 MVA
Total Extension 168 km
Estimated Investment by ANEEL R$ 367,948,000.00 (ref. 01/18/2016)
Annual Permitted Revenues (RAP) R$ 59,590,000.00 (ref. 01/18/2016)

Taesa will pay the Seller, for the Acquisition, the amount of R$ 2,922,123.30, base date of August 30, 2017 ("Base Date"), of which R$ 1,018,490.44 referred to the effective payment for the acquired shares and R$ 1,903,632.86 referred to the costs and expenses incurred by IB on the Enterprise, while ENTE will pay the Seller, for the Acquisition, the amount of R$ 5,867,670.42, with the same Base Date, of which R$ 2,045,145.13 referred to the effective payment for the acquired shares and R$ 3,822,525.29 referred to the costs and expenses incurred by IB on the Enterprise. To these amounts will be added, in proportion to the Buyers’ respective stakes on IB share capital, costs and expenses directly related to the implementation of the object of the concession agreement as verified and reasonably incurred by IB and paid by the Seller to IB from the Base Date up to 10 days prior to the Closing Date ("Acquisition Price"). The Acquisition Price paid by the Buyers will be duly adjusted for the CDI rate calculated between the Base Date and the Closing Date.

The Acquisition is subject to the approval of the General Meetings of Taesa and ENTE, in order to ratify the conclusion of the necessary instruments for its execution, as well as to certain precedent conditions set forth in the Agreement. The Transaction will also be submitted for approval to the antitrust authorities (CADE - Administrative Council for Economic Defense) and the Brazilian Electricity Regulatory Agency (ANEEL), at the times and in the manner indicated by the applicable legislation.

With the conclusion of the Transaction, Taesa will own directly and indirectly 49.99% of IB, whose enterprise (Lot M) will connect the Paraguacú (Lot 3) and Aimorés (Lot 4) concessions to the National Interconnected System (SIN), reinforcing its growth strategy and strategic positioning as one of the largest power transmission companies in the country.

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

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