Minute of the Fiscal Council Meeting - May 08, 2015

AES TIETÊ S.A.
NIRE (Company Register Identification Number) 35.300.170.555
CNPJ/MF (Brazilian Registry of Legal Entities) no. 02.998.609/0001-27
MINUTES OF THE FISCAL COUNCIL’S MEETING
HELD ON MAY 08, 2015
1.
DATE, TIME AND PLACE: Held on May 08, 2015, at 11:00 a.m., at Avenida
Dr. Marcos Penteado de Ulhôa Rodrigues, 939, 7º andar, Bairro Sítio Tamboré, Torre
II do Condomínio Castelo Branco Office Park, Barueri - SP.
2.
CALL OF MEETING AND ATTENDANCE: The call of meeting was made
under the Articles of Incorporation of the Company, being attended by Messrs. Kurt
Janos Toth, Maria Carmen Westerlund Montera, Roberto Lamb, Bruno Campos
Barretto, Cláudio Jose de Oliveira Magalhães. The meeting was attended by the
alternate members of the fiscal council, Messrs. Sebastião Bergamini Junior, Luis
Eduardo Frisoni Junior, Ana Paula de Sousa Soares and Arthur Octávio Barretto
Pinto de Mello.
3.
BOARD: The meeting had Mr. Kurt Janos Toth as its chairman and Mrs.
Roberto Lamb as its secretary.
4.
AGENFA: Proposal for distribution of intermediate dividends.
5.
DELIBERATIONS: Upon commencing the meeting, verifying the attendance
quorum and convening this meeting, the members of the Fiscal Council:
5.1.
Within their legal roles and responsibilities, proceeded to the
examination of the Board of Officers’ proposal for distribution of intermediate
dividends, assessed and approved by the Board of Directors, in the total amount of
R$ 122,419,610.67, being R$ 0.306330298 per common share and R$
0.336963328 per preferred share. The Company’s net profit in the first quarter 2015
was R$ 200,305,314.95, as assessed in the Company’s balance sheet prepared on
March 31, 2015. After absorbing the accrued loss in the amount of R$ 82,927,697.26
and summing the performance of the equity assessment adjustment in the amount of
This page is an integral part of the Fiscal Council’s Meeting of AES Tietê S.A., held on May 08, 2015
R$ 15,849,746.03, the result is R$ 133,227,363.72, of which R$ 10,807,753.05 shall
be allocated in the legal reserve. The amounts distributed on account of intermediate
dividends are exempt of IRRF (Withholding Tax), pursuant to article 10 of Law no.
9.249/95, and its payment shall be made on May 25, 2015. The data base for the right
to receive the dividend (“record date”) shall be May 08, 2015 and the shares issued by
the Company shall be traded “ex-dividend” as from May 11, 2015. The Management
presented for the Board of Directors and Fiscal Council several hydrology scenarios
with the respective projections for income and cash flow statements supporting the
proposal for distribution. The Fiscal Council examined and discussed the Financial
Statements of the quarter with the Management’s representatives, at exclusive
meeting of the Fiscal Council dealing with the quarterly financial statement.
6.
CLOSING: There not being anything further, the Chairman declared the
meeting closed, the minutes were drawn-up as a summary, which was read, found to
be compliant and signed by all of the present members.
Barueri, May 08, 2015.
Board:
Kurt Janos Toth
Chairman
Roberto Lamb
Secretary
Directors:
Kurt Janos Toth
Roberto
Roberto
Lamb Lamb
Maria Carmen Westerlund Montera
Bruno Bruno
Campos
Campos
Barretto
Barretto
Cláudio Jose de Oliveira Magalhães
This page is an integral part of the Fiscal Council’s Meeting of AES Tietê S.A., held on May 08, 2015
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