CEMIG GERAÇÃO E TRANSMISSÃO S.A.
LISTED COMPANY
CNPJ 06.981.176/0001-58 – NIRE 31300020550
BOARD OF DIRECTORS
SUMMARY OF MINUTES
OF THE 162ND MEETING
Date, time and place: May 24, 2012, at 3 p.m., at the company’s head office,
Av. Barbacena 1200, 12th Floor, B1 Wing, Belo Horizonte, Minas Gerais, Brazil.
Meeting committee:
Chairman:
Secretary:
Dorothea Fonseca Furquim Werneck;
Anamaria Pugedo Frade Barros.
Summary of proceedings:
I
Conflict of interest: The Chair asked the Board members present whether they had any conflict of
interest in the matters on the agenda of this meeting, and all said there was no such conflict of
interest.
II
The Board approved the minutes of this meeting.
III
a) The Board re-ratified Board Spending Decision (CRCA) 009/2012, altering, from September
2012 to January 16, 2013 the expiry date of the counter-guarantee given, on a proportional and
non-joint basis, to Banco BTG Pactual S.A., due to the extension of the bank guarantee by that
bank, in the amount of R$ 1.088 billion, offered in guarantee of the bridge loan contracted by
Norte Energia S.A. with the Brazilian Development Bank (BNDES) in June 2011, the other
terms of that CRCA remaining unchanged.
b) The Board oriented the vote by the representatives of the Company in the Extraordinary
General Meeting of Stockholders of Amazônia Energia Participações S.A. in favor of the
signature, by Amazônia Energia, as Guarantor, of the First Amendment to Fixed Credit
Agreement No. 1976212, between Norte Energia S.A. and Banco ABC Brasil S.A., the purpose
of which is to extend the grace period from June 15, 2012 to October 15, 2012 and the period
of maturity (amortization) and of concession of a proportional non-joint corporate guarantee
Av. Barbacena 1200
Santo Agostinho
30190-131 Belo Horizonte, MG
Brazil
Tel.: +55 31 3506-5024
Fax +55 31 3506-5025
Page 1 of 2
This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.
related to the obligations of Norte Energia S.A., limited to 9.77% of the amount of the
Contract, from July 15 to November 16, 2012 or until the date of the disbursement of the first
tranche of the credit to be opened by the BNDES for Norte Energia S.A. through a Long-term
Financing Agreement, whichever is the earlier.
c) The Board oriented the vote by the representatives of Amazônia Energia Participações S.A.
in the Extraordinary General Meeting of Stockholders of Norte Energia S.A. in favor of
signature of the Amendments relating to the extensions of the periods of two bridge loans from
the Brazilian Development Bank (BNDES), altering the end of the grace periods from June 15,
2012 to October 15, 2012 and the period of maturity (amortization) from July 15, 2012 to
November 16, 2012, or until the date of disbursement of the first tranche of the credit to be
opened by the BNDES for Norte Energia S.A. through a Long-term Financing Agreement,
whichever occurs earlier.
IV
Discussion: The Chair made comments on a matter of interest to the Company.
The following were present:
Dorothea Fonseca Furquim Werneck,
Djalma Bastos de Morais,
Antônio Adriano Silva,
Eduardo Borges de Andrade,
Guy Maria Villela Paschoal,
João Camilo Penna,
Paulo Roberto Reckziegel Guedes,
Saulo Alves Pereira Junior,
Adriano Magalhães Chaves,
Anamaria Pugedo Frade Barros.
Board members:
Secretary:
Av. Barbacena 1200
Santo Agostinho
30190-131 Belo Horizonte, MG
Brazil
Fernando Henrique Schüffner Neto,
Franklin Moreira Gonçalves,
Newton Brandão Ferraz Ramos,
Bruno Magalhães Menicucci,
Christiano Miguel Moisés,
José Augusto Gomes Campos,
Lauro Sérgio Vasconcelos David,
Paulo Sérgio Machado Ribeiro,
Tarcísio Augusto Carneiro;
Tel.: +55 31 3506-5024
Fax +55 31 3506-5025
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This text is a translation, provided for information only. The original text in Portuguese is the legally valid version.