EBR Centrais Eletricas Brasileiras SA Eletrobras

RELEVANT FACT

CENTRAIS ELÉTRICAS BRASILEIRAS S/A

CNPJ: 00.001.180/0001-26 | NIRE: 533.0000085-9

PUBLIC COMPANY

Centrais Elétricas Brasileiras S/A (“Company” or “Eletrobras”) (B3: ELET3, ELET5 & ELET6; NYSE: EBR & EBR.B; LATIBEX: XELT.O & XELT.B) hereby informs its shareholders and the market in general that, at an ordinary meeting of the Board of Directors of the National Electric Energy Agency - ANEEL, held on this date, the tariff reviews for the transmission concessions extended under the terms of Law 12.783 /2013 were approved and the Revenue was approved Annual Permitted Rate (“RAP”) of these concessions for the 2020-2021 tariff cycle.

The RAP of the Eletrobras Companies will suffer increases resulting from the positive result of the Periodic Tariff Review of 2018 and the recognition of the portion of the remuneration provided for in article 1, third paragraph, of the MME Ordinance 120/2016, which establishes that the capital cost not incorporated since the extensions of concessions until the tariff process, established in the first paragraph of the referred article, shall be updated and remunerated at the cost of equity (“Ke”), real, of the transmission segment defined by ANEEL in the Periodic Tariff Review methodologies of the Existing Concessionaires Revenues.

This remuneration by Ke was excluded from the tariff, by ANEEL, in 2017 due to judicial injunctions, according to a relevant fact published on April 11, 2017. These injunctions were revoked, and, for this reason, the remuneration will be incorporated into the income of the transmission companies. The total amount will be paid until June 2025, and the amount that should have been paid between 2017 and 2020 will be paid by the end of the current tariff review cycle, that is, June 2023, adjusted for inflation (IPCA), through of the Adjustment Portion (“PA”).

In relation to the Tariff Review for the current cycle 2018-2023, considering that, since 2018, ANEEL has been establishing provisional values that were found to be lower than the final values approved by the agency, on this date, the RAP of the 2020-2021 cycle, through the PA, it also includes an increase referring to the Tariff Review instituted to compensate for this retroactive difference.

The table below shows the revised RAP for the 2020-2021 cycle of the Eletrobras Companies and the consolidated PA updated by the IPCA, which contains, as mentioned above, the retroactive Ke from 2017 to 2020 and the difference from the tariff review retroactive of the period from 2018 to 2020.

For comparison purposes, the sum of the effects of the Tariff Review and the Adjustment Portion, results in an estimated increase in the RAP for the 2020-2021 Cycle compared to the 2019-2020 Cycle, on a consolidated basis, of approximately 31%, the comparison by company is shown in the graph below:

Rio de Janeiro, June 30, 2020

Elvira Cavalcanti Presta

CFO and Investor Relations Officer

Este documento pode conter estimativas e projeções que não são declarações de fatos ocorridos no passado, mas refletem crenças e expectativas de nossa administração e podem constituir estimativas e projeções sobre eventos futuros de acordo com Seção 27A do Securities Act de 1933, conforme alterado, e Seção 21E do Securities and Exchange Act de 1934, conforme alterado. As palavras “acredita”, “poderá”, “pode”, “estima”, “continua”, “antecipa”, “pretende”, “espera” e similares têm por objetivo identificar estimativas que necessariamente envolvem riscos e incertezas, conhecidos ou não. Riscos e incertezas conhecidos incluem, mas não se limitam a: condições econômicas, regulatórias, políticas e comerciais gerais no Brasil e no exterior, variações nas taxas de juros, inflação e valor do Real, mudanças nos volumes e padrão de uso de energia elétrica pelo consumidor, condições competitivas, nosso nível de endividamento, a possibilidade de recebermos pagamentos relacionados a nossos recebíveis, mudanças nos níveis de chuvas e de água nos reservatórios usados para operar nossas hidrelétricas, nossos planos de financiamento e investimento de capital, regulamentações governamentais existentes e futuras, e outros riscos descritos em nosso relatório anual e outros documentos registrados perante CVM e SEC. Estimativas e projeções referem-se apenas à data em que foram expressas e não assumimos nenhuma obrigação de atualizar quaisquer dessas estimativas ou projeções em razão da ocorrência de nova informação ou eventos futuros. Os resultados futuros das operações e iniciativas das Companhias podem diferir das expectativas atuais e o investidor não deve se basear exclusivamente nas informações aqui contidas. Este material contém cálculos que podem não refletir resultados precisos devido a arredondamentos realizados.