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 MARCH 23, 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: March 23, 2007 at 3:00 P.M., held at Av. Marechal Floriano, n 168, parte, 2 andar, Corredor A, Centro, Rio de Janeiro, RJ. 2. Attendees: Sitting members Aldo Floris, Alessandro Monteiro Morgado Horta, Djalma Bastos de Morais, Eduardo Borges de Andrade, Jos Luiz Silva, Luiz Anbal de Lima Fernandes, Raphael Hermeto de Almeida Magalhes, Ricardo Coutinho Sena, Srgio Landau and Wilson Nlio Brumer, Chairman of the meeting, as well as alternate member in office Ana Marta Horta Veloso. The following alternate members also attended the meeting, without, however, participating in the voting: Alfredo Salomo Neto, Almir Jos dos Santos, Bruno Constantino, Carmen Lcia Claussen Kanter, Celso Fernandez Quintella, Joo Batista Zolini, Lauro Alberto De Luca, Paulo Roberto Reckziegel Guedes and Ruy Flaks Schneider. Attorney Caio Machado Filho 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. Capital Stock Increase The Board of Directors, after a presentation by Officer Ronnie Vaz Moreira, pursuant to the provisions in paragraph 2 and in the caput of Article 5 of the Bylaws, which regulate the conditions and the Companys authorized capital limit, approved the Companys capital stock increase in the amount of three thousand, two hundred and sixty-four reais and thirty-nine centavos (R$3,264.39, resulting from the exercise of the rights inherent to the Subscription Bonus between January 17, 2007 and March 22, 2007. The increase takes place upon the issuance of 282,795 non-par book-entry common shares. Due to the increase resolved, the Companys capital stock shall be R$1,416,372,708.18 represented by 133,913,739,217 nonpar book-entry common shares; 3.2. Call of the Companys Extraordinary Shareholders Meeting The Board of Directors approved the call of the Companys Extraordinary Shareholders Meeting to resolve on: (i) amending the wording of Article 5 of the Bylaws to reflect the Companys capital increase pursuant to item 3.1 above;
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3.3. Call of the Extraordinary Shareholders Meeting of LIGHT SESA The Board of Directors was favorable to the call of the Extraordinary Shareholders Meeting of LIGHT S.E.S.A., a wholly-owned subsidiary of the Company, to resolve on: (i) capital increase of LIGHT S.E.S.A. in the amount of three thousand, two hundred and sixtyfour reais and thirty-nine centavos (R$3,264.39), with the issuance of two hundred and eightytwo thousand, seven hundred and ninety-five (282,795) non-par book-entry common shares, to be subscribed and paid up by Light S.A. due to the conversion of the 4th issuance debentures of LIGHT S.E.S.A, consequently amending the wording of Article 5 of the Bylaws of LIGHT S.E.S.A; 3.4. Vote Orientation The Board of Directors approved the manifestation of favorable vote by the Company at the Extraordinary Shareholders Meeting of LIGHT S.E.S.A, which will resolve on item 3.3 above. 3.5. Financing Agreement Approval Contracting of financing for the Investment Plan, by means of financing (FINEM) with BNDES for 2007/2008 in the amount of up to R$660 million. I declare this is an excerpt of the resolutions adopted at the Board of Directors meeting of Light S.A., held on this date. Rio de Janeiro, March 23, 2007. Caio Machado Filho, Secretary of the meeting.

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