TAESA - Investor Relations Mobile

Material Fact - Closing Transmineiras


Transmissora Aliança de Energia Elétrica S.A. ("Taesa" or "Company"), 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 6,404, from December 15, 1976, as amended, hereby announces to its shareholders, the market in general and other interested parties that, in addition to the provisions of the material facts disclosed on July 3, 12 and 13, 2017, and on August 2, 2017, and after obtaining the relevant preceding approvals (CADE, creditors and financing banks), was concluded today the transfer to Taesa of the shares held by Companhia Energética de Minas Gerais ("Cemig") in the share capital stock of the following concessionaires that provide the public service of electric energy transmission: Companhia Transleste deTransmissão S.A. ("Transleste"), Companhia Transudeste de Transmissão S.A. ("Transudeste") and Companhia Transirapé de Transmissão S.A. ("Transirapé") (together referred to as "Transmineiras") ("Corporate Restructuring" or "Transaction").

Taesa disbursed in the Transaction the total amount of R$56,088,002 (fifty six million, eighty eight thousand and two Reals), already 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 equity 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.

With the conclusion of the Corporate Restructuring, Taesa holds directly and indirectly 30.0% of Transleste, 29.0% of Transudeste and 29.5% of Transirapé, reinforcing its strategy of growth with attractive returns and its commitment to cash flow generation and financial discipline, as well as consolidating its strategic position as one of the largest electric energy transmission companies in the country.

Rio de Janeiro, November 30, 2017

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