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MARKET ANNOUNCEMENT |
In compliance with ofício of Comissão de Valores Mobiliários CVM/SEP/GEA-1/No 563/2014 regarding the article published in the newspaper Valor Economico of October 24, 2014, where it was mentioned the possibility of Eletrobras be investigated in the investigation called "Lava Jato" conducted by the Federal Police, we hereby inform our shareholders and the market that the Company had no access to the statements made by Mr. Alberto Youssef, as part of that investigation, which runs under a secret of justice.
However, with regard to the contracts performed by Eletrobras companies we clarify the following:
All Eletrobras companies have their own corporate governance rules, which observe the provisions of Brazilian law and the Sarbanes-Oxley Act, of the United States, regarding the transparency of their contracts and relationships with suppliers and customers. Such rules are observed by Eletrobras companies in its operations, including through the Special Purpose Entities, in which have participation, in partnership with private companies.
Eletrobras companies respect the principles set out in its Code of Ethics, unique for all companies, that guide all actions and commitments of institutional conduct in interactions with their employees, partners, suppliers and other relationships.
All employees, administrators and consultants, from the internal rules and regulations, are obliged to base their business decisions in accordance with the principles set forth therein, using responsibly the financial and economic resources of the Companies working in an impersonal way, with good faith and responsibility, no concessions to the interference of private interests and favoritism.
All Eletrobras companies have independent governance structures, internal audit, external audit, Executive Boards, Boards of Directors and Fiscal Council, to ensure the specific audit of each organization and the fulfillment of laws and internal regulations above mentioned.
Finally, all actions of the Eletrobras companies, especially those signings, are audited by the Comptroller General of the Government - CGU and the Court of Audit - TCU.
Thus, the Eletrobras companies are entirely at disposal to provide any clarification that needed to understand the scope of the investigation in question, being important to clarify that so far they have not been requested by federal police to make any demonstration regarding the mentioned investigation.
Rio de Janeiro, October 28, 2014.
Armando Casado de Araújo
CFO and Investor Relations Officer
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CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS | ||
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By: |
/S/ Armando Casado de Araujo
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Armando Casado de Araujo
Chief Financial and Investor Relation Officer |
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