MARKET ANNOUNCEMENT
CENTRAIS ELÉTRICAS BRASILEIRAS S/A
CNPJ: 00.001.180/0001-26 | NIRE: 533.0000085-9
PUBLIC COMPANY
Centrais Elétricas Brasileiras S/A (“Company” or “Eletrobras”) (B3: ELET3, ELET5 & ELET6; NYSE: EBR & EBR.B; LATIBEX: XELT.O & XELT.B), hereby informs its shareholders and the market in general that received on July 23, 2019, from B3 – Brasil, Bolsa, Balcão, Official Letter 598/2019, requesting clarifications regarding news published by Agência Estado – Broadcast, which includes the information transcribed below:
Free translation of the Official Letter 598/2019-SLS:
“Centrais Elétricas Brasileiras S.A. - Eletrobras
At. Ms. Elvira Baracuhy Cavalcanti Presta
CFO and IRO
Ref.: Request for clarification of news in the press
Dear Sirs
In news published by Agência Estado - Broadcast, on 07/23/19, under the heading “Eletrobras studies more than US$ 15 bilion in international projects” include, among other information, that:
1. The CEO of Eletrobras, Wilson Ferreira Junior, defended on Tuesday energy integration projects in South America;
2. The executive, who by his position in the state-owned company is also CEO of Bracier, Brazilian committee of the Regional Eletric Integration Commission (CIER), stressed that the state-owned company studies different international power generation and transmission projects, with countries such as Bolivia, Argentina and also on the northern border, with investments totaling over US$ 15 billion
We request clarification on the item indicated, until 07/24/19, with your confirmation or not, as well as other information considered important.”
In consideration of the above-mentioned Official Letter, we clarify that:
1. The amount disclosed, about US$ 15 billion, refers to the estimated global amount of the projects under analysis by Eletrobras abroad, covering both the Company’s participation and eventual investments by partners and international partners. Thus, the amount informed does not represent Eletrobras’ total direct investments abroad.
2. All projects mentioned in the news are in the initial phase of studies, and when completed will be submitted to the approval of the Company’s deliberative bodies for consideration, when they will be timely disclosed.
Rio de Janeiro, July 24, 2019
Elvira Cavalcanti Presta
CFO and Investor Relations Officer
This document may contain estimates and projections that are not statements of fact that occurred in the past but reflect our management beliefs and expectations and may constitute forward-looking statements and estimates under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words "believe", "may", "may", "estimate", "continue", "anticipate", "intend", "expect" and the like are intended to identify estimates that necessarily involve risks and uncertainties, known or unknown . Known risks and uncertainties include, but are not limited to: general economic, regulatory, political and commercial conditions in Brazil and abroad, changes in interest rates, inflation and value of the Real, changes in volumes and the pattern of electric energy use by consumer, competitive conditions, our level of indebtedness, the possibility of receiving payments related to our receivables, changes in rainfall and water levels in the reservoirs used to operate our hydroelectric power plants, our financing and capital investment plans, existing and future government regulations , and other risks described in our annual report and other documents filed with CVM and SEC. Estimates and projections refer only to the date they were expressed and we assume no obligation to update any of these estimates or projections due to the occurrence of new information or future events. Future results of the Company's operations and initiatives may differ from current expectations and the investor should not rely solely on the information contained herein. This material contains calculations that may not reflect accurate results due to rounding.