Energisa S A : ES Gas Acquisition

Meeting with Investors

Acquisition of ES Gas

April, 2023

IMPORTANT NOTICE

This presentation may include statements that represent expectations about future events or results in accordance with Brazilian securities regulations. These statements are based on certain assumptions and analyzes made by the Company based on its experience and the economic environment and on market conditions and expected future events, many of which are beyond the Company's control. Important factors that could lead to material differences between actual results and forward-looking statements about future events or results include the Company's business strategy, Brazilian and international economic conditions, technology, financial strategy, utility industry developments, conditions hydrologic conditions, financial market conditions, uncertainty regarding the results of its future operations, plans, objectives, expectations and intentions, among others. Due to these factors, the Company's actual results may differ significantly from those indicated or implied in the statements of expectations about future events or results.

Completion of the transaction is subject to precedent conditions including regulatory approval from the Administrative Council for Economic Defense (CADE).

The information and opinions contained herein should not be understood as a recommendation to potential investors and no investment decision should be based on the veracity, timeliness or completeness of such information or opinions. None of the company's advisors or related parties or their representatives shall have any responsibility for any losses that may arise from the use or content of this presentation.

Transaction Summary and Next Steps

MAIN FEATURES OF THE AUCTION

• Auction held by b3 for the sale of 100% of the share capital of ES Gás
• The State of Espírito Santo and Vibra Energia held 100% of the Company's capital and began the process of selling shares in order to increase investments in infrastructure and improve the quality of gas distribution in the state

	Bid	Premium
	R$ 1,423mm	7.28%
GR RJ 010 Empreend. e Part.	R$ 1,420mm	7.02%
Minimum Economic Value	R$ 1,326mm	-

The amount paid by Energisa was adequate, with a goodwill of less than 10%

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NEXT STEPS(1)

(estimated schedule according to the Auction Notice(1))

Public Session of the	Document
Auction	Submission to CADE

31/mar

23/may

16/may	23/aug
Approval of the	Settlement and
Auction Result and	Signature of the
Adjudication of the	Share Purchase and
Subject Matter	Sale Agreement

Energisa will work with the parties to ensure the completion of the transaction as quickly as possible and to integrate ES Gás into its ecosystem

Note: (1) Estimated dates according to the auction notice and subject to change

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Acquisition 100% Aligned with Energisa's Strategic Vision

ENERGISA'S STRATEGIC PLANNING

RATIONALE AND HIGHLIGHTS OF THE ACQUISITION OF ES GÁS

OFFER THE BEST ENERGY SOLUTION TO OUR CUSTOMERS	UNIQUE AND TRANSFORMATIONAL OPPORTUNITY IN GAS
	DISTRIBUTION, BRIDGE TO THE ENERGY FUTURE,
	WITH DIFFERENT TIMING

DIVERSIFICATION INTO SECTORS IN THE ENERGY CHAIN	ASSET WITH COMPLEMENTARY FEATURES (CONCESSION
THAT BRING MORE APPROPRIATE REMUNERATION TO RISK-	PERIOD, VOLUME GROWTH, LOW LEVERAGE) IN FAVORABLE
ADJUSTED CAPITAL	GEOGRAPHY FOR BUSINESS (MARKET, REGULATION AND
	INFRASTRUCTURE

LONG-TERM VISION WITH EXCEPTIONAL SKILL IN CAPITAL	ENERGISA'S EXPERTISE IN MANAGEMENT OF
ALLOCATION AND REINVESTMENT IN THE OWN BUSINESS,	DISTRIBUTION AND CUSTOMER RELATIONSHIPS,
SEEKING TO MAINTAIN GOOD RETURNS AND RESULTS	ENABLES TO CAPTURE SYNERGIES

ENERGISA VISION: To be a protagonist in energy transformation, connecting people and companies to the best energy

solution, building a more sustainable world

OPPORTUNITY

3r

CONTEXT