Shareholding structure - Axia

Social capital

	Common Shares		Preferred A		Preferred B		Preferred C		Golden Share		Social Capital
Shareholder	Shares	%	Shares	%	Shares	%	Shares	%	Shares	%	Shares	%
Government group*	915,724,048	45.14	–	0.00	38,127,367	13.62	240,790,490	39.68	1	100.00	1,194,641,906	40.98
ADR	53,413,903	2.63	–	0.00	5,067,077	1.81	15,444,610	2.55	–	–	73,925,590	2.54
Non-residents shareholders	628,791,912	31.00	1,600	1.09	108,905,430	38.90	105,445,240	17.38	–	–	843,144,182	28.92
FMP – FGTS Eletrobras**	60,352,487	2.98	–	0.00	–	0.00	501,384	0.08	–	–	60,853,871	2.09
General retail	317,846,429	15.67	140,959	95.94	120,478,919	43.04	228,691,526	37.69	–	–	667,157,833	22.88
Shares in Treasury	52,415,507	2.58	4,361	2.97	7,362,600	2.63	15,922,867	2.62	–	–	75,705,335	2.60
Total	2,028,544,286	100.00	146,920	100.00	279,941,393	100.00	606,796,117	100.00	1	100.00	2,915,428,717	100.00

* The following shareholders are part of the Government Group: União Federal, BNDES/BNDESPAR, FND, FGHAB, Banco do Nordeste, BB Asset, Caixa Asset, Petros and Previ.
** The amount of FMPs does not include the privatization funds of BB Asset and Caixa Asset, which are already recorded in the Government Group total.