LIGHT S.A. Corporate Taxpayers ID (CNPJ/MF) no. 03.378.521/0001-75 Corporate Registry ID (NIRE) no. 33.300.263.

16-1 PUBLICLY-HELD COMPANY

EXCERPT OF THE MINUTES OF THE BOARD OF DIRECTORS MEETING OF LIGHT S.A. HELD ON AUGUST 24, 2007, DRAWN UP IN THE SUMMARY FORMAT AS ALLOWED BY PARAGRAPH 1, OF ARTICLE 130, OF LAW NO. 6,404/76. 1. Date, time and place: August 24, 2007 at 3:00 P.M., held at Av. Marechal Floriano, n 168, parte, 2 andar, Corredor A, Centro, Rio de Janeiro, RJ. 2. Attendance: Sitting members Aldo Floris, Djalma Bastos de Morais, Eduardo Borges de Andrade, Jos Luiz Silva, Raphael Hermeto de Almeida Magalhes, Ricardo Coutinho Sena, Srgio Landau, and Wilson Nlio Brumer, Chairman of the meeting, as well as the alternate members in office Almir Jos dos Santos, Ana Marta Horta Veloso. The following alternate members also attended the meeting, however, without participating in the voting: Alfredo Salomo Neto, Bruno Constantino Alexandre dos Santos, Carmen Lcia Claussen Kanter, Celso Fernandez Quintella, Joo Batista Zolini, Lauro Alberto De Luca, Luiz Fernando Rolla, Paulo Roberto Reckziegel Guedes and Ruy Flaks Schneider. Attorney Patricia Veiga Borges was invited to be the secretary of the meeting. Officers Jos Luiz Alqures and Ronnie Vaz Moreira also attended the meeting. 3. Issues Discussed Resolutions: 3.1. CLN/Deutsche Bank Debt Refinancing Process. The Coordinator of the Finance Committee informed the Board about the review of the Companys capital structure, proceeding with the roll-over of the debt coming from Credit Linked Notes, contracted with Deustche Bank. It was informed that the Company received proposals from several banks and that the proposal received from Banco Bradesco S.A. had a higher term and does not have restrictions for early payment, in addition to other more attractive conditions for the Company compared with the other alternatives. The terms of the bank operation negotiated with Banco Bradesco S.A. were presented. The Board, by unanimous vote, approved and oriented the board members appointed by Light S.A. to the Board of Directors of Light S.E.S.A. to approve the contracting of the direct bank operation, by the Company or any of its subsidiaries, in the following terms and conditions: Borrower: Creditor: Structure maker: Amount: Light Servios de Eletricidade S.A. Banco Bradesco S.A. Banco Bradesco BBI S.A. Up to R$450 million.

Allocation of Funds:

(i) Pre-payment of Credit Linked Notes contracted with Deutsche Bank, in the approximate amount of US$160 million; (ii) Complementation of the amount aimed at Lights investment plan for the period 2007-2008, in the approximate amount of US$60 million.

Total Term: Instrument: Amortization: Payment of interest: Cost: Structuring Commission: All-in cost: Covenants:

10 years. CCB Bank Credit Certificate Annual, with first payment as of the 5th year Annual, with no grace period CDI + 0.85% p.a. (*) 0.30%, levied on the total amount of CCB, to be paid by Light on the date funds are disbursed. CDI + 1.03% p.a. (**) Identical to those provided for in the Deed of the 5th Issuance of Debentures of Light Servios de Eletricidade S.A., on December, 20, 2006 The Loan may be paid in advance, by the market curve, only in its entirety, and Light must communicate its intention to pre-pay and the consequent early settlement with prior notice of 30 consecutive days before the event.

Early settlement:

(*) There will be IOF on the total amount. (**) Estimated, considering the total term of the operation vis--vis the associated issuance and maintenance costs.

It was also informed that as a consequence of the refinancing of the debt coming from Credit Linked Notes contracted with Deustche Bank, the Debt Assumption Instrument between Light SESA and Light Energia shall be supplemented to reflect the operation described above. I declare that this is an excerpt of the minutes of the Board of Directors meeting of Light S.A., held on this date. Rio de Janeiro, August 24, 2007. Patricia Veiga Borges, Secretary of the Meeting. TRADE BOARD OF THE STATE OF RIO DE JANEIRO. I certify the granting on

August 30, 2007, AND THE REGISTRAITON UNDER THE NUMBER AND DATE BELOW. LIGHT S/A. NO. 1729504, DATE: August 30, 2007. Valria G. M. Serra, GENERAL SECRETARY.