Equatorial Energia S A : 2022 Governance Report

Contents

Letter from the

CBD

Letter from the

CEO

Strategy

Governance

Questions

Talk to our Corporate Governance team

Contents

Betting on our Leaderships

S

E+ Platform

G

Contents

Letter from the

CBD

Letter from the

CEO

Strategy

Governance

Questions

Talk to our Corporate Governance team

Letter from the Chair of the Board of Directors

The year 2022 was memorable for Equatorial.

The company moved forward significantly in its strategy, taking advantage of opportunities for relevant acquisitions, while improving its financial performance and the quality of services provided for its consumers and communities, growing its core business. Last year was very uncertain and volatile, with changes in global geopolitics, war in Europe, presidential election in Brazil, and unprecedented climate effects, such as La Niña, which had an impact on interest, inflation, foreign exchange rates, supply chain and energy prices. Therefore, I would like to congratulate Augusto Miranda and the entire Equatorial team for delivering significant results in a such a challenging year.

The company also moved forward in terms of governance. In July, the Board of Directors welcomed Karla Trindade, a professional with experience in management and profound knowledge of the sanitation and transportation sector. With her joining the company, we broadened our knowledge and increased gender diversity on the Board of Directors (currently, 25% of board members are women). We also advanced in the approval of important policies and regulations, such as the Related-Party Transaction Policy, the Management Appointment Policy, and the Management Assessment Policy, in addition to the conversion of the Audit Committee into a Statutory Committee, effectively strengthening corporate governance in the Company.

Contents

Letter from the

CBD

Letter from the

CEO

Strategy

Governance

Questions

Talk to our Corporate Governance team

Letter from the Chair of the Board of Directors

These were significant improvements in governance, and with the recent acquisitions and diversification into new segments, the Company became more complex, and the Board understands that further advances in governance are necessary. The management proposal cover additional initiatives to strengthen advisory structures to the Board of Directors and the Chair. We proposed the inclusion of another board member with valuable experience in business management, the creation of two new advisory committees to the Board (the Regulation and Innovation Committee, and the Operating Committee), so as to further discuss strategic topics that are relevant to our business, and finally, the extension of my role so I can further support Augusto Miranda, the CEO, in specific topics like capital structure, new businesses, strategy and talent development.

Lastly, I would like to thank our shareholders for their continuous support and our customers for giving us the opportunity to serve them. The year 2022 was memorable for the Company, and we will be stronger than ever in 2023 to keep growing and building a more promising future.

Carlos Augusto Leone Piani

Chair of the Board of Directors