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Technical Note: Key Differences Between Regulatory Accounting and IFRS


TECHNICAL NOTE

ACCOUNTING STANDARDS USED IN THE BRAZILIAN ENERGY TRANSMISSION SECTOR

Rio de Janeiro, November 7, 2018 - Transmissora Aliança de Energia Elétrica S.A. ("Taesa" or "Company") hereby announces to its shareholders, the market in general, and other stakeholders the disclosure of a Technical Note that explains the 2 types of accounting standards used in Brazil’s energy transmission sector, the Corporate (IFRS) and the Regulatory Accountings. This note explains the effects of these accounting practices on the results and cash flow of a transmission company, the macro impacts on the IFRS result and the effect of the 50% RAP cut on the regulatory result. The Company‘s purpose by disclosing this note is to assist investors and capital market analysts in understanding the industry and in the valuation and pricing of assets such as Taesa.

The Company expects that this document to be of good use and consultation by everyone, and Taesa’s Investor Relations Department is available for any further clarification.

Click here to access the Technical Note.


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