MINUTES OF THE 768^TH MEETING
OF THE BOARD OF DIRECTORS OF
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. (ELETROBRAS)

NIRE 53300000859/CNPJ No. 00001180/0001-26

I hereby certify, for all intents and purposes, that on November 9, 2016, at 10 am, in the Presidency meeting room, on the 13^th floor of the Eletrobras office, at Avenida Presidente Vargas, 409, Downtown, Rio de Janeiro – RJ, the  Chairman JOSÉ LUIZ ALQUÉRES chaired the meeting which was attended by WILSON FERREIRA JR, ELENA LANDAU, VICENTE FALCONI CAMPOS, ESTEVES PEDRO COLNAGO JUNIOR, ANA PAULA VITALI JANES VESCOVI, by conference, MOZART DE SIQUEIRA CAMPOS ARAÚJO, CARLOS EDUARDO RODRIGUES PEREIRA and JOSÉ PAIS RANGEL. DECISION: 3Q16 Financial Statements. The Chief Financial Officer and Investor Relations Officer, Armando Casado de Araujo, the Eletrobras General Accountant, Mr. Rodrigo Vilella Ruiz, and the Investor Relations Manager, Mrs. Paula Prado Rodrigues, attended the meeting to present the financial data for the third quarter. The meeting was attended by the Eletrobras Fiscal Council Member, Mr. ALOISIO MACARIO FERREIRA DE SOUZA. The Financial Statements, in their entirety, were sent by electronic mail on November 4, 2016 to the Board of Directors and Fiscal Council members. The main discussions on the financial information for the third quarter 2016 (3Q16) revolved around the following themes: Recognition of the Investigations findings in Local Demonstrations (Note 4.1.1); • the RBSE updates (Note 2.1); • RBSE recognition by the associated company CTEEP, R$ 4.1 billion and R$ 1.63 billion through Equity Method for Eletrobras holding Note 15.5.1); • Discussion of possible risk of charges in the gas supply agreement entered into between Amazonas Energia Distribuidora and CIGAS. And analysis of the difference in the price of the gas transport portion, the amount approved to the lowest, under discussion, the return to the CCC Fund by Ame D and collection from Petrobras of the amounts paid by the provisional price (Note 30). After the discussions and considering that the Financial Statements were considered adequate, they were unanimously approved by the Board of Directors, Fiscal Council and Executive Board of Eletrobras and the respective signed representation letters and the original documents were delivered by KPMG. Approval of the Business and Management Master Plan (PDNG) 2017-2021 of Eletrobras Companies. RES-692 dated 11/08/2016. The Board of Directors of Centrais Elétricas Brasileiras S.A. - Eletrobras, at a meeting held on this date, approved the new Business and Management Master Plan for the period from 2017 to 2021 ("PDNG 2017-2021"). There being no further business, the Chairman of the Board closed the proceedings and requested the issuance of this certificate which, after being read and approved, was signed by me, MARIA SILVIA SAMPAIO SANT’ANNA, Board Secretary, who issued it. Other decisions made in this meeting were not included in this certificate, since they corresponded to mere internal interests of the Company, a legitimate precaution, based on the Management's obligation to secrecy, in accordance with the "heading" of Article 155 of Law No. 6,404 (Law of Corporations), and thus were outside the scope of the rule contained in paragraph 1 of Article 142 of the said Law.

Rio de Janeiro, November 9, 2016