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CENTRAIS ELETRICAS BRASILEIRAS S/A

CNPJ: 00.001.180/0001-26

PUBLIC COMPANY

 

Centrais Elétricas Brasileiras S/A ("Company" or "Eletrobras") hereby informs its shareholders and the market in general that it received today the Official Letter No. 101/2017/CVM/SEP/GEA-1 from the Brazilian Securities and Exchange Commission, requesting clarifications regarding the article published by the newspaper "O Globo" on February 21, 2017, entitled "Eletrobras considers 'inadequate' government indications for two directors", as transcribed at the end of this announcement.

 

In compliance with the aforementioned Official Letter, the Company clarifies that it is within its competence to propose members to the Executive Board of Directors of Itaipu Binacional, pursuant to article 12, paragraph 2^nd, of Annex "A" of the Itaipu Binational Treaty.

 

The selection and approval of candidates for these positions are made according to the Company's governance rules.

 

Rio de Janeiro, February 23, 2017.

 

 

Armando Casado de Araujo

CFO and Investor Relations Officer

 

 

Free Translation of the Official Letter 101/2017/CVM/SEP/GEA-1

 

“Subject:  Request of clarification on news

Dear Sir, 

1.      In refer to the news published on Fev 21, 2017, in the newspaper “O Globo”, under the title "Eletrobras considers 'inadequate' government indications for  two directors”.

2.      In view of the foregoing, we demand a statement from you regarding such news.

3.      3. The answer should be submitted through the Empresa.NET System category: Market Announcement, type: Clarifications Inquiries CVM/BOVESPA, subject: Disclosed in the news media, which should include a transcript of this Official Letter.

4.      It should be noted that CVM Instruction No. 358/2002, Article 3, provides that it is incumbent upon the Investor Relations Officer to disclose and communicate to the CVM and, as the case may be, to the stock exchange and any organized over-the-counter market on which the securities issued by the company are admitted to trading, any relevant act or fact occurring or related to its business, as well as ensuring its wide and immediate dissemination, simultaneously in all markets in which such securities are admitted to trading.

5.      In addition, CVM Instruction No. 358/2002, article 4, sole paragraph, also provides for the obligation to inquire of the company's management and controlling shareholders, as well as all other persons with access to relevant acts or facts, whether they are aware of information that must be disclosed to the market in order to ascertain whether they know information that should be disclosed to the market.

6.      The Superintendence of Corporate Relations will be responsible for, in the use of its legal attributions and, based on Law No. 6,385/1976, article 9, item II, and CVM Instruction No. 452/2007, the determination of the application of a fine, in the amount of R$1,000.00 (one thousand reais), without prejudice to other administrative sanctions, for failure to comply with the requirements of this letter, within 1 (one) business day, as of receipt  of the letter sent by email.”

 

                                                                                                                                                                                                                                

 

 

 

 

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
By:	/S/ Armando Casado de Araujo
	Armando Casado de Araujo Chief Financial and Investor Relation Officer