Centrais Elétricas Brasileiras S.A. - Eletrobras Share Repurchase Program Update

Centrais Elétricas Brasileiras S.A. – Eletrobras announced the conclusion of its 2024 share repurchase program and the approval of a new program for 2025. The 2024 program involved the repurchase of 3,428,201 common shares and 524,800 preferred shares, totaling approximately R$ 152 million. The new 2025 program, effective for 18 months until June 21, 2027, allows for the acquisition of up to 187,866,804 common shares, 26,646,211 class B1 preferred shares, and 56,385,895 class C preferred shares, representing 10% of the outstanding shares of each class. The purpose of the repurchase is to acquire shares for subsequent cancellation, sale, or retention in treasury, aiming to enhance shareholder value by efficiently utilizing available cash and optimizing capital allocation. The repurchased shares may be used for employee compensation plans or to settle obligations related to lawsuits concerning compulsory loan credits or tax constitutionality. The company stated that the repurchase will not negatively impact its ability to meet obligations to creditors or pay mandatory dividends, citing its financial stability, available cash, and projected cash generation. The transactions will be conducted on the B3 stock exchange at market prices, with 13 intermediary institutions appointed.