Corso Matte Ana Silvia bought AXIA3

Footnotes

Pursuant to Article 11 of the Bylaws of Eletrobras - Brazilian Electric Power Co. (the "Company"), the Class "C" Preferred Shares shall be automatically converted into Common Shares, assuming such Class "C" Preferred Shares are not earlier mandatorily redeemed by the Company in accordance with its Bylaws, at a ratio of 1:1, as follows: * 4% of the total volume of originally-issued Class "C" Preferred Shares, allocated proportionally among all holders, in each of the fiscal years 2026, 2027, 2028, 2029 and 2030; and * all Class "C" Preferred Shares remaining, in fiscal year 2031.; The exercise price of the derivative security was denominated in Brazilian reais ("BRL"). The original exercise price was BRL 54.60 per share, which has been converted to U.S. dollars ("USD") using the U.S. Department of the Treasury Bureau of the Fiscal Service Treasury Reporting Rates of Exchange as of December 31, 2025 (the most recently published quarterly rate, applicable to transactions occurring through March 31, 2026), at a rate of 5.4770 BRL per USD (fiscaldata.treasury.gov). The converted exercise price reported herein is $9.97 per share. Brokerage commissions and other costs of execution, if any, have been excluded from the reported price.