AXIA Energia S.A. Migration to Novo Mercado and Share Exchange

AXIA Energia S.A. has announced its migration to the Novo Mercado, a segment of the B3 stock exchange. This migration involves a mandatory exchange of Class "A1" and "B1" preferred shares into common shares at a ratio of 1.1 common shares for each preferred share. Similarly, Class "B1" American Depositary Shares (ADSs) will be exchanged for common ADSs at the same ratio. The exchange process for shares is scheduled to begin with the last day of trading for preferred shares on June 5, 2026, followed by the start of trading for common shares on June 8, 2026, and credit of common shares on June 10, 2026. For ADSs, the last day of trading on the NYSE for Class "B1" ADSs is June 5, 2026, with the exchange to common ADSs occurring on or about June 10, 2026. Fractional shares will be sold, and proceeds distributed. Holders of ADSs will not need to take action for the exchange, but may incur fees. Holders are advised to consult their brokers for specific procedures.