Paul Hastings Represents Leading Brazilian Transmission Company TAESA in BRL 1.76 Billion Equity Offering

July 26, 2012

New York, NY (July 26, 2012) - Paul Hastings, a leading global law firm, announced today that the firm represented Brazil's Transmissora Aliança de Energia Elétrica S.A. (TAESA), a Brazilian electric-transmission company in a BRL 1.755 billion (US$ 876 million) public equity offering. The deal is the second largest equity offering out of Brazil in 2012. The offering represents a re-IPO for TAESA as it is the first time it has accessed the public equity markets since its IPO in 2006. The securities priced within range in what has been characterized as a tough year for the Brazilian equity markets. The deal was significantly oversubscribed driven by investors attracted to the energy sector in Brazil. TAESA also enjoys strong shareholder support from its joint controlling shareholders CEMIG Geração e Transmissão, a subsidiary of CEMIG (NYSE: CIG; CIG.C), and FIP Coliseu.

The securities were sold as units in a public offering in Brazil with a Rule 144A/Reg S tranche outside of Brazil. BTG Pactual, Bank of America Merrill Lynch, Goldman Sachs, Santander and Banco do Brasil acted as underwriters and placement agents in the offering.

Latin America practice partners Taisa Markus and Michael Fitzgerald led the Paul Hastings team, which also included of counsel Steven Sandretto and associate Arnaldo Rego.

Paul Hastings LLP is a leading global law firm with offices in Asia, Europe, and the United States. We provide innovative legal solutions to financial institutions and Fortune 500 companies. Please visit www.paulhastings.com for more information.