Centrais Eletricas Brasileiras S A Eletrobrás : Market Announcement - 16.04.2021 - Transaction with related Party

ANNOUNCEMENT OF TRANSACTION WITH RELATED PARTY

CENTRAIS ELÉTRICAS BRASILEIRAS S/A

CNPJ: 00.001.180/0001-26 | NIRE: 533.0000085-9

OPEN COMPANY

Centrais Elétricas Brasileiras S/A ("Company" or "Eletrobras") (B3: ELET3, ELET5 & ELET6; NYSE:

EBR & EBR.B; LATIBEX: XELT.O & XELT.B) hereby in compliance with Annex 30-XXXIII of CVM Instruction No. 552, dated October 9, 2014, informs its shareholders and the market in general of the following related party transaction:

		Breitener Tambaqui S.A., Breitener Jaraqui S.A. (controlled
Related Party Names		by Petróleo Brasileiro S.A. - Petrobras) , Centrais Elétricas
	Brasileiras S.A. (Eletrobras), Petróleo Brasileiro S.A
		(Petrobras)
	Breitener Tambaqui and Breitener Jaraqui are companies
Issuer Relationships	controlled by Petrobras, which, in turn, is a mixed-capital
company controlled by the Federal Government such as
	Eletrobras
Date of the transaction	April 7, 2021
Object of the Agreement	Judicial agreement contemplating 7 (seven) lawsuits filed by
	Breitener Tambaqui and Breitener Jaraqui, together or
	separately, against Amazonas Energia and Eletrobras, the
	latter as a joint and several liability.
Main Terms and Conditions	∙	Debtor (Amazonas Energia) entered into Commercial
	Operation contracts OC 1816/2005 and OC 1815/2005 with
	PIES, whose object is the supply of electricity by PIES, with
	Eletrobras, in turn, as guarantor financial assistance in said
	contracts;
	• These lawsuits have their origins prior to the debtor's
	privatization and unbundling, for segregation of electricity
	generation and transmission activities, and it is certain that
	Eletrobras' participation in the aforementioned legal
	agreements does not constitute a new guarantee in favor of
	the Debtor, but rather the settlement of previous debts,
	executed in legal proceedings, to which Eletrobras is a party,
	given its status as guarantor;
	• The agreement involves payment in installments of the total
	amount of R$ 436,024,899.52, updated until 01/18/2021;
	• The seven lawsuits, brought by Breitener Tambaqui and
	Breitener Jaraqui, together or separately, against Amazonas
	Energia and Eletrobras, will be suspended until the payments
	are fully settled;
	• The amount transacted will be settled by the debtor
	(Amazonas Energia S/A) in 60 installments calculated using the
	constant amortization system - SAC;
	• The installments will be updated based on 124.75% of the
	CDI, from 1/18/2021 until their full settlement;

Internet:www.eletrobras.com/elb/ri

E-mail:[e-mail]

Address: Rua da Quitanda, 196 9th floor. 20090-070, Centro. Rio de Janeiro - RJ Phone Number: (21) 2514-6333 / 4627

EBR & EBR.B
LISTED	ELET3 &

NYSE

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.

							• Eletrobras is jointly and severally responsible for complying
							with the agreement.
Detailed justification of the reasons why	The conclusion of the agreement in question will end several
the Company's Management considers	legal issues and costs that may come with the continuation of
that	the		transaction	observed	the dispute;
commutative conditions or provides for	In addition, it mitigates risks of blockages at Eletrobras once it
adequate compensatory payment		equates the payment by Amazonas Energia itself
							The term update rate is the same rate used in operations
							between Amazonas Energia and Petrobras, which were
							subsequently assumed by Eletrobras to make the privatization
							process feasible.
Eventual	participation	of	the	N/A
counterparty,	its	partners	or
administrators in the decision process
of the issuer's subsidiary regarding the
transaction or the negotiation of the
transaction as representatives of the
Company, describing these interests.

Rio de Janeiro, April 16, 2021.

Elvira Cavalcanti Presta

CEO (Interim) and CFO and Investor Relations Officer

Internet:www.eletrobras.com/elb/ri

E-mail:[e-mail]

Address: Rua da Quitanda, 196 9th floor. 20090-070, Centro. Rio de Janeiro - RJ Phone Number: (21) 2514-6333 / 4627

EBR & EBR.B
LISTED	ELET3 &

NYSE

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.