Centrais Eletricas Brasileiras S A Eletrobrás : Market Announcement - 02.24.21 - Eletronuclear

MARKET ANNOUNCEMENT

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 its subsidiary Eletrobras Termonuclear - Eletronuclear ("Eletronuclear") will publish tomorrow, February 25, 2021, a notice for hiring a company that will resume the civil works at the Angra 3 Plant ("Angra 3") and will perform part of the electromechanical assembly. This initiative is part of the plan to accelerate the plant's critical path. The objective is to advance some construction activities even before hiring the contractor who will undertake the global work and complete the construction of the plant.

The expectation is that the hiring will occur until May. With that, the first concrete - an important milestone in the resumption of Angra 3 works - should be launched in October. The contracting of the contractor that will continue the work is scheduled for the second half of 2022.

The current global physical progress of the project is 65% and the plant is scheduled to start operating in November 2026.

The Company will keep the market informed about the subject of this Announcement.

Rio de Janeiro, February 24, 2021

Elvira Cavalcanti Presta

CFO and Investor Relations Officer

Internet:www.eletrobras.com/elb/ri

EBR & EBR.B

E-mail:[e-mail] LISLTISETDED

Address: Rua da Quitanda - 9th floor.

20090-070, Centro. Rio de Janeiro - RJ NYSE

Phone Number: (21) 2514-6333 / 4627

This document may contain estimates and forecasts that are not statements of fact that occurred in the past but reflect our management beliefs and expectations and may constitute future events' forecasts and estimates under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words "believe", "may", "estimate", "continue", "anticipate", "intend", "expect" and related words are intended to identify estimates that necessarily involve risks and uncertainties, known or unknown . Known risks and uncertainties include, but are not limited to: general economic, regulatory, political and commercial conditions in Brazil and abroad, changes in interest rates, inflation and value of the Real, changes in volumes and the pattern of use of electricity by consumer, competitive conditions, our level of indebtedness, the possibility of receiving payments related to our receivables, changes in rainfall and water levels in the reservoirs used to operate our hydroelectric plants, our financing and capital investment plans, existing and future government regulations , and other risks described in our annual report and other documents filed with CVM and SEC. Estimates and forecasts refer only to the date they were expressed and we assume no obligation to update any of these estimates or forecasts due to the occurrence of new information or future events. Future results of the Company's operations and initiatives may differ from current expectations and the investor should not rely solely on the information contained herein. This material contains calculations that may not reflect accurate results due to rounding.