EDP - Energias do Brasil S.A. (BOVESPA:ENBR3) entered into a purchase and sale agreement to acquire 14.5% stake in Centrais Elétricas de Santa Catarina S.A. (BOVESPA:CLSC4) from Angra Partners Volt Fundo de Investimentos em Ações managed by Angra Partners Gestão De Recursos S.A. for BRL 230 million on December 19, 2017. The acquisition price shall be reduced by the amount of any distributions of dividends or interest on shareholders' equity that may be declared and/or paid by Centrais Elétricas de Santa Catarina S.A. between this date and the conclusion of the transaction. Under the terms of the deal, EDP will acquire 33.1% of the common shares corresponding to 5.1 million shares and 1.9% of the preferred shares i.e. 0.44 million shares of Centrais Elétricas de Santa Catarina S.A. Upon completion of the transaction, EDP will launch a voluntary public offering for the acquisition of up to 32% of Celesc's preferred shares at BRL 27 per share.

The conclusion of the transaction is subject to verification of certain conditions precedent, usual for this type of operation, among which are included approval by the Brazilian Anti-Trust Authority – CADE and the approval of the National Supervisory Authority for Complementary Pension Plans (Superintendência Nacional de Previdência Complementar) – PREVIC. The transaction has been approved by the management bodies of EDP. As on January 26, 2018, the transaction was approved by the Brazilian Anti-Trust Authority – CADE. National Complementary Pension Plan Superintendence – PREVIC approved the transaction on February 23, 2018.

EDP - Energias do Brasil S.A. (BOVESPA:ENBR3) completed the acquisition of 14.5% stake in Centrais Elétricas de Santa Catarina S.A. (BOVESPA:CLSC4) from Angra Partners Volt Fundo de Investimentos em Ações managed by Angra Partners Gestão De Recursos S.A. for approximately BRL 240 million on March 21, 2018.