1 1 BRAZIL DAY 2008 October, 28

2 Disclaimer This presentation may include forward-looking statements of future events or results according to regulations of the Brazilian and international securities and exchange commissions. These statements are based on certain assumptions and analysis by the company that reflect its experience, the economic environment and future market conditions and expected events, many of which are beyond the control of the company. Important factors that may lead to significant differences between the actual results and the statements of expectations about future events or results include the company’s business strategy, Brazilian and international economic conditions, technology, financial strategy, public service industry developments, hydrological conditions, financial market conditions, uncertainty of the results of future operations, plans, objectives, expectations and intentions, among others. Considering these factors, the actual results of the company may be significantly different from those shown or implicit in the statement of expectations about future events or results. The information and opinions contained in this presentation should not be understood as a recommendation to potential investors and no investment decision is to be based on the veracity, current events or completeness of this information or these opinions. No advisors to the company or parties related to them or their representatives shall have any responsibility for whatever losses that may result from the use or contents of this presentation. This material includes forward-looking statements subject to risks and uncertainties, which are based on current expectations and projections about future events and trends that may affect the company’s business. These statements include projections of economic growth and energy demand and supply, as well as information about the competitive position, the regulatory environment, potential opportunities for growth and other matters. Several factors may adversely affect the estimates and assumptions on which these statements are based.

3 EDP Energias do Brasil is an integrated power utility company, controlled by EDP – Energias de Portugal Generation DistributionCommercialization EDP Group Market Enerpeixe Escelsa Enertrade BandeiranteEnernova Energest Costa Rica Pantanal Energética CESA 62.4%37.6% 100% 60%100% 51%100% EDP Lajeado 60% (1) Pecém 50%45% EDPRB Lajeado Energia 53.7% (1) Legend % of the Total Capital Notes: (1)Represents 47.2% direct stake held by Energias do Brasil and additional 6.5% indirect stake held by Energias do Brasil throug Tocantins Energia. Together EDP Lajeado and Lajeado Energia hold 73.00% of the Voting Capital and 62.62% of the Total Capital in Investco S.A.

4 10 years in Brazil

5 Net Revenues (R$ MM) Net Income (R$ MM) EBITDA (R$ MM) CAGR +9.9% CAGR +13.2% CAGR +60.2% Financial Performance Total Asset: R$ 9,719 mm Shareholders’ Equity: R$ 3,913 mm

6 Five drivers for growth I II III Development of assets in traditional generation (hydro power plants, CCGT,...) Development in renewable generation Expansion of the commercialization business Potential consolidation in the sector Potential opportunities for growth in South America IV V

7 Installed Capacity (MW) Highest growth in generation in the last 3 years Projects concluded since the IPO Projects under construction ** 360 2, , Expectativa de Entrada em Operação 2005 Peixe Angical HPP 4th Engine Mascarenhas São João SHP 2007 Santa Fé SHP Repowering Pecém TPP 2011 Additional Capacity Lajeado * Under approval from agencies. It corresponds to the EnBr’s 45% stake at EDP Renováveis Brasil. ** Mascarenhas, Suíça and Rio Bonito 2008 Cenaeel , * 653 6* %+24%

8 We are working to create new growth opportunities █ 2 CCGT projects, with 500 MW each, and preliminary agreements signed with Petrobr á s for the supply of natural gas from 2013 on; █ More than 30 small hydro power plants projects under development, with a total installed capacity of 600 MW; █ Development of feasibility studies for medium-sized hydro power plants (1,439 MW) – in some cases in partnership with other players ; █ Development of wind farms (500 – 700 MW); █ Creation of Enernova (a platform to invest in renewable energy) and acquisition of 2 wind farms with 13.8 MW of installed capacity and expansion project for additional 70 MW; █ Biomass thermal power plants projects (sugar cane bagasse) under development with an installed capacity of 100 MW and with potential expansion to up to 350 MW.

9 Analysts’ Consensus (22 Institutions) Analysts’ Recommendation Avg. Target Price estimated by analysts: R$ Upside Potential: + 66%

10 Investidor Relations Tel.: