Board of Executive Officers

(GRI 4.1; 4.2)

CTEEP's Board of Executive Officers has five members⁶: one CEO and four officers, all elected by the Board of Directors for a 3-year term of office.

The Executive Board is also responsible for managing the Company's business, regular operations and administration.

The Board of Executive Officers also submits to the Board of Directors proposals for capital increases and amendments to the Bylaws; recommend the acquisition, disposal or encumbrance of assets, funding operations and loan operations exceeding 2% of the Company's capital stock; submits to the Board of Directors the financial statements for the fiscal year, annual and multiannual economic and financial plans and budgets, as well as construction project budgets.

Officers are assessed for competence every two years and for performance every year. The purpose of this assessment is to provide a guideline for the Company's management, with a focus on improving strategic indicators.

⁶ Résumés for the members of the Board of Executive Officers can be found in the 2013 Reference Form, available on CVM's (the Brazilian Securities and Exchange Commission) website (www.cvm.gov.br) and in the Investor Relations section of the Company's website (www.cteep.com.br/ri).