Centrais Eletricas Brasileiras : Market Announcement 13.01.2016 - GSF

FAX PARA AS BOLSAS

We hereby inform our shareholders and the market in general the decisions of our subsidiaries Eletrosul Centrais Elétricas S/A ("Eletrosul"), Furnas Centrais Elétricas S.A. ("Furnas") and Companhia Hidro Elétrica do São Francisco ("Chesf"), on the decision to accept or not the proposed renegotiation of the hydrological risk of electricity generation on their corporate plants according to Law 13,203/2015 of December 08, 2015 and the ANEEL Normative Resolution 684/2015 of December 11, 2015 as follows:

The subsidiaries Eletrosul and Furnas manifest to the National Electric Energy Agency - ANEEL their joining options to the renegotiation of the hydrological risk of electricity generation on their corporate power plants contracted in the Regulated Market (ACR), as follows:

Company	Renegociation ACR	Renegociation ACL
Furnas	Yes	No
Eletrosul	Yes	No

ACR = Regulated Market; ACL = Free Energy Market

Company	Power Plant	Product of the Renegotiation	Unitary Risk Premium (R$/MWh)	Result to be reimbursed related to the effects of renegotiation in 2015 (R$/MWh)
Furnas	HEP Serra da Mesa	SP100	9.5	33.55
	HEP Mascarenhas de Moraes	SP100	9.5	33.55
	HEP Itumbiara	SP100	9.5	33.55
	HEP Manso	SP100	9.5	33.55
	HEP Simplício	SP100	9.5	33.55
	HEP Batalha	SP100	9.5	33.55
Eletrosul	HEP Passo São João	SP 92	2.5	18.26
	HEP São Domingos	SP 92	2.5	18.26

LISTED

The subsidiaries Eletrosul and Furnas have chosen not to join the renegotiation of the hydrological risk of electricity generation for the Free Market (ACL), according to assessment to compliance with the conditions stipulated for this type of contract.

The subsidiary Chesf evaluated not be advantageous to join the renegotiation of the hydrological risk of electricity generation on their corporate power plants that could make the choice referred to in this market announcement:

Company	Power Plant	Renegociation ACR	Renegociation ACL
Chesf	HEP Sobradinho	Not applicable	No

The Company will keep the market informed about the options that may be adopted by other subsidiary Centrais Elétricas do Norte do Brasil S.A. ("Eletronorte").

Rio de Janeiro, January 13, 2016

Armando Casado de Araujo

LISTED CFO and Investor Relation Officer