Centrais Elétricas Brasileiras S.A. - Eletrobrás (BOVESPA:ELET6) announces a share repurchase program. Under the program, the company will repurchase up to 197,717,216 common shares, representing 10% of its issued share capital. The shares will be repurchased at the market price.

The purpose of the program is to acquire common and preferred shares issued by the company for subsequent cancellation, disposal or maintenance in treasury, without reducing the capital stock, to increase the company's value to shareholders through the efficient use of funds available in cash, optimizing the allocation of its capital. The repurchased shares can be used to meet the compensation plans based on stock options and compensation based on restricted shares, approved at the Extraordinary General Meeting of Shareholders on December 22, 2022, and to settle obligations arising from its liabilities related to lawsuits that discuss the difference in monetary restatement of compulsory energy loan credits or the constitutionality of the tax. The program is valid for 18 months.

As of July 5, 2024, the company has 1,977,172,161 common shares outstanding and has 49,669,926 common shares held in treasury.