EXCERPT OF THE MINUTES OF THE EIGHT HUNDRED AND FIFTY-NINTH MEETING OF THE BOARD OF DIRECTORS OF CENTRAIS ELÉTRICAS BRASILEIRAS S.A. – ELETROBRAS

NIRE (Corporate Registration Identification Number) 53300000859/CNPJ (Brazilian Registration of Legal Entities) no. 00001180/0001-26

It is hereby certified, for all due intents and purposes, that the 859th meeting of the Board of Directors of Centrais Elétricas Brasileiras S.A. – Eletrobras (“Company” or “Eletrobras”) was held on the twenty-seventh day of March of two thousand twenty, at 12:40pm, and the works were interrupted at 02:22pm. The meeting was held remotely, using the Cisco Webex Meetings videoconference application. The meeting was chaired by Director JOSÉ GUIMARÃES MONFORTE (JGM), via videoconference. Directors WILSON PINTO FERREIRA JR, (WFJ), MARCELO DE SIQUEIRA FREITAS (MSF), FELIPE VILLELA DIAS (FVD), VICENTE FALCONI CAMPOS (VFC), DANIEL ALVES FERREIRA (DAF), MAURO GENTILE RODRIGUES CUNHA (MRC), RICARDO BRANDÃO SILVA (RBS), LUIZ EDUARDO DOS SANTOS MONTEIRO (LEM), RUY FLAKS SCHNEIDER (RFS) and BRUNO EUSTÁQUIO FERREIRA CASTRO DE CARVALHO (BEC) participated in the meeting via videoconference.  The following members of the Audit Committee also attended as invitees: PATRÍCIA STIERLI – Chairperson; THAÍS LACERDA, EDUARDO COUTINHO GUERRA and GIULIANO WOLF. The independent auditor of the Company, PricewaterhouseCoopers Auditores Independentes, was represented by its partner, Guilherme Valle.   There was no record of absences. Resolution: DEL-030, of March 27, 2020. Approval of the Management Report, the Complete Financial Statements for the year ended December 31, 2019, and the respective management proposal and call for Eletrobras’ 60^th General Shareholders’ Meeting and 178^th Special Shareholders’ Meeting. RES-145, of March 27, 2020. The Board of Directors of Centrais Elétricas Brasileiras S.A. – Eletrobras, exercising the powers conferred upon it, substantiated in the decision by the Executive Board, with favorable opinion of the Audit and Risk Committee - CAE in its 109th meeting held on March 27, 2020, and of the Management, People and Eligibility Committee - CGPE in its 047th meeting held on March 27, 2020, in the supporting material made available and in the following the documents below, RESOLVED: Ø Resolution of the Executive Board No. 145, dated March 27, 2020;Ø Report to the Executive Board No. DF-027A, from 03.27.2020; Ø Executive Summary DFC w/n, from 03.27.2020; RESOLVED: 1. To approve the Financial Statements of Eletrobras and Consolidated of Eletrobras Companies and its referral to the deliberation of the Shareholders’ Meeting (AGO), whose values ​​and main highlights are as follows: 1.1. Financial Statements: financial statements for the year ended December 31, 2019 of Eletrobras and Consolidated, comprising the following items: Social Balance Sheet, Independent Auditors’ Report, Balance Sheet, Statement of Income (DRE), Statement of Changes in Shareholders' Equity (DMPL), Statement of Cash Flows (DFC), Statement of Comprehensive Income (DRA), and Statement of Value Added (DVA), accompanied by the Notes to the Financial Statements. 1.2. Summarized version of the balance sheet and income for the year:

a)     Balance Sheet:

b)     b)     Income Statement for the Period:

2. To approve the allocation of income for the accounting year ended December 31, 2019, with the distribution of dividends, as shown below, and as represented in the Management Proposal to be submitted to the Shareholders’ Meeting (AGO), to be held on April 30, 2020:

3. To approve the Managment Report for the financial year ending on December 31, 2019, as per the reviewed draft; 4. To approve the call of the 60^th Shareholders’ Meeting (AGM) and of the 178th Special Shareholders’ Meeting (AGE0 both to be held on April 30, 2020, in accordance with the Call Notice, Management Proposal, and its annexes; 5. To approve the Profit Sharing Program – PLR referring to 2019 amounting to R$ 28,265,438.00 (twenty-eight million, two hundred sixty-five throusand, four hundred thirty-eight Brazilian reais); 6. To render that all companies controlled by Eletrobras publish their Full Financial Statements for the acounting year ended December 31, 2019 on the same day as those of Eletrobras Holding; 7. To order that the Financial and Investor Relations Department –  DF, the Superintendent’s Office of Investors Relations –  DFR, the Superintendent’s Office of Accounting –  DFC, the General Secretariat –  PRGS, and the Governance Secretariat –  CAAS each adopt, within its respective scope of actions, the measures necessary for compliance with this Deliberation. Deliberation Quorum: Item 1: Unanimously approved; Item 2: Unanimously approved. Item 3: Approved by a majority. Item 4: Unanimously approved. Item 5: Unanimously approved. Director LEM abstained, claiming a situation of a conflict of interests, and therefore did not participate in any of the discussions or deliberation on the matter. Items 6 and 7: Unanimously approved. In light of the abovementioned deliberation, board members signed a decision act with the following content: “DECISION OF THE BOARD OF DIRECTORS: The Board of Directors of Centrais Elétricas Brasileiras S.A. – ELETROBRAS, in the use of its statutory duties and in accordance with the provisions of the Brazilian Corporate Law, examined the Financial Statements, with the opinion issued by PricewaterhouseCoopers - PwC Auditores Independentes, for the accounting year ended December 31, 2018 and, being correct and in order, DECIDES to submit the matter for deliberation of the Shareholders' Meeting of the Company." (aa) JOSÉ GUIMARÃES MONFORTE – Chief Executive Officer; WILSON FERREIRA JR., VICENTE FALCONI CAMPOS, MAURO GENTILE RODRIGUES CUNHA, RUY FLAKS SCHNEIDER, BRUNO EUSTÁQUIO FERREIRA CASTRO DE CARVALHO, RICARDO BRANDÃO SILVA, DANIEL ALVES FERREIRA, FELIPE VILLELA DIAS, LUIZ EDUARDO DOS SANTOS MONTEIRO and MARCELO DE SIQUEIRA FREITAS – Directors. This certificate is issued and signed by me, BRUNO KLAPPER LOPES, Governance Secretary of the Board of Directors of Eletrobras.

Rio de Janeiro, April 07, 2020.

BRUNO KLAPPER LOPES

Governance Secretary