MINUTES OF THE SEVEN HUNDRED AND SIXTY-SECOND MEETING OF THE BOARD OF DIRECTORS OF CENTRAIS ELÉTRICAS BRASILEIRAS S.A. – ELETROBRAS

NIRE 53300000859/CNPJ nº 00001180/0001-26

I hereby certify that, for all due purposes and intents, on August twelve, two thousand and sixteen, at the Corporate Offices, on Av. Presidente Vargas n° 409 – 13º floor, Rio de Janeiro – RJ a meeting of the Board of Directors of Centrais Elétricas Brasileiras S.A. – Eletrobras was held. The session was chaired by President JOSÉ LUIZ ALQUÉRES, and attrended by the following Counselors WILSON FERREIRA JUNIOR, CARLOS EDUARDO RODRIGUES PEREIRA, ELENA LANDAU, MOZART DE SIQUEIRA CAMPOS ARAÚJO, over video-conferencing, ESTEVES PEDRO COLNAGO JUNIOR, through teleconferencing, VICENTE FALCONI CAMPOS, and by electronic vote, JOSÉ PAIS RANGEL. Absent with justification Counselor ANA PAULA VITALI JANES VESCOVI. Decision: 2nd Quarter. The session was attended by the Chief Financial and Investor Relations Officer, Armando Casado de Araujo, the Senior Accountant of Eletrobras, Mr. Rodrigo Vilella Ruiz, and the Manager of the Investor Relations, Mrs. Paula Prado Rodrigues, to present the financial information for the second quarter of the year. The meeting was also attended by Eletrobras Audit Managers, Mr. Eduardo Cesar Pasa, Luis Felipe Vital Nunes Pereira, by video-conferencing, and Ronaldo Dias, in person. The complete Financial Statements were submitted in electronic media format on August 7, 2016 to the Management and Tax Counselors. The main issue in the Financial Statements for the second quarter of 2016 (2Q16) discussed was the possible effects of Ordinance (Portaria) no. 120, of APRIL 20, 2016, wherein the Ministry of Mines and Energy establishes the payment and compensation conditions in connection with the Basic Grid of the Existig System (Rede Básica do Sistema Existente – RBSE) and the taxes owed, as stipulated on Normative Instruction by The Brazilian Federal Revenue Office (IN RFB) 1515/14, given this would create a mismatch between the income from indeminities, to be passed on to Eletrobras over a term of 8 years, and the mandatory nature of payments to the The Brazilian Federal Revenue Office (Receita Federal – RFB). On this, the Collegiate instruction was for Eletrobras to book the RBSE amounts in 2Q16 and place a formal query to the Brazilian Federal Revenue Office and, consequently, avoid the payement of fines and interest. Counselor ESTEVES PEDRO COLNAGO JR. offered to help in any way possible. The Chairman suspended the session until Eletrobras has assessed all the points raised and for the procedures to be resumed on 15 AUGUST 2016, to define a position from the Collegiates. On 15 August 2016, after having duly analyzed the Financial Statements and considering adequate the review undertaken, they were approved unanimously by the Board of Directors, Audit Council and the Executive Board of Eletrobras and the respective signed letters of Representation and original documents were delivered to KPMG. The other issues discussed in this meeting have been omitted from this certificate, given they pertain to issues internal to the Company, legitimate care, backed on the duty to Management secrecy, in compliance with “caput” of Article 155 of Law no 6,404 (Law of Corporations), and therefore outside the scope of the rule contained in paragraph 1 of article 142 of the previously mentioned Law. With no further to deal, the Chairman of the Boad Drew the session of the Seven Hundred and Sixty-Second Meeting of the Board of Directors. I hereby certify that the text above is a literal and true transcription of the Minutes contained in the 29th Book of Minutes of Meetings of the Boar of Directors of Centrais Elétricas Brasileiras S.A. – Eletrobras, on pages 23 and following, from which I, MARIA SILVIA SAMPAIO SANT’ ANNA, Secretary of the Board, copied. The other decisions made at this meeting were omitted from this certificate, for dealing exclusively with internal issues of the Company, backed on the duty to Management secrecy, in compliance with “caput” of Article 155 of Law no 6,404 (Law of Corporations), and therefore outside the scope of the rule contained in paragraph 1 of article 142 of the previously mentioned Law. (aa) JOSÉ LUIZ ALQUÉRES,

WILSON FERREIRA JUNIOR, CARLOS EDUARDO RODRIGUES PEREIRA, ELENA LANDAU, ESTEVES PEDRO COLNAGO JUNIOR, MOZART DE SIQUEIRA CAMPOS ARAÚJO, VICENTE FALCONI CAMPOS, JOSÉ PAIS RANGEL. - Counselors; abd (a) MARIA SILVIA SAMPAIO SANT’ ANNA – Secretary.

Rio de Janeiro, August 15, 2016.