BRAZILIAN ELECTRIC POWER CO

AXIA Energia S.A. announced the completion of three Revolving Credit Facility agreements, totaling R$3.0 billion. These facilities, provided by Banco do Brasil S.A., Bradesco S.A., and Itaú Unibanco S.A., each for up to R$1.0 billion, have a 3-year maturity. The company stated that these agreements will strengthen its liquidity and complement its cash position, aligning with its commitment to capital allocation discipline and financial risk mitigation.

AXIA Energia S.A. announced that its Board of Directors approved the 10th issuance of simple, unsecured debentures. The total issuance amount is R$ 1.6 billion, with a possibility of an additional allocation of up to 25%, potentially reaching R$ 2.0 billion. The debentures will be issued in up to two series, with maturities of 7 and 10 years, and interest payments will be semiannual.

AXIA Energia S.A. has announced a public offering for its 9th issue of simple debentures, aiming to raise an initial R$800 million, with a potential increase of up to 25% to R$1 billion. The funds are earmarked for the HPP Santo Antônio Project, specifically for future payments, reimbursement of expenses, or debts related to its implementation, operation, maintenance, and modernization. The offering is exclusively for professional investors and follows an automatic registration procedure, waiving the need for a prospectus.

AXIA Energia S.A. announced that its Board of Directors approved the 9th issuance of simple, non-convertible debentures. The aggregate principal amount is R$800 million, with an overallotment option that could increase the total transaction volume to R$1 billion. These unsecured debentures have a 10-year maturity, with amortization beginning in the eighth year, and are targeted exclusively at professional investors.

AXIA Energia S.A. announced a partial mandatory redemption of its Class 'C' preferred shares and corresponding American Depositary Shares (ADSs). The company's Board of Directors approved the redemption of 576,923 preferred shares, equivalent to approximately 0.0951% of outstanding shares and R$30,000,000.00. Holders of preferred shares have the option to convert their shares into common shares at a 1.1:1 ratio. The redemption price is set at R$52.00 per share, with an effective date of July 7, 2026. ADS holders will receive cash in USD after conversion, subject to fees and taxes. The filing also details Brazilian tax withholding for non-resident investors and U.S. federal income tax considerations for ADS holders.

AXIA Energia S.A. announced that S&P Global Ratings reaffirmed its national scale issuer credit ratings for long- and short-term at brAAA/brA-1+, respectively, and its issue ratings at brAAA. Additionally, S&P revised the Company's management and governance assessment from negative to neutral. This affirmation reflects expectations that AXIA Energia will complete its planned investment level for 2026, reduce financial leverage, and strengthen cash flow generation.

AXIA Energia S.A. has provided details on the tax treatment for the redemption of its class "C" preferred shares (PNC). The redemption amount is R$52.00 per share, based on the June 12, 2026 closing price, with a record date of June 18, 2026. Payment to Brazilian resident shareholders will occur on July 7, 2026, and to ADR holders by July 16, 2026. Brazilian resident investors may be subject to income tax and other taxes on any realized gains. Non-resident investors may face Withholding Income Tax (WHT) on capital gains, with rates ranging from 15% to 25% depending on their residency and tax regime. Non-resident shareholders must submit acquisition cost information by June 23, 2026, to avoid a zero acquisition cost assumption and a 25% WHT rate if residency details are not provided.

AXIA Energia S.A. announced the Board's approval for the redemption of 576,923 Class "C" preferred shares (PNCs), totaling R$30 million. This initial transaction, equivalent to 0.0951% of the class, aims to evaluate the redemption/conversion mechanism. Shareholders can choose automatic redemption at R$52.00 per share or elect to convert their PNCs into common shares at a 1:1 ratio between June 23 and June 29, 2026. ADR holders will not have the conversion option and will undergo mandatory redemption.

AXIA Energia S.A. and its wholly owned subsidiary AXIA Energia Norte S.A. have completed the assignment of all receivables they held against Amazonas Energia S.A. This transaction, following the satisfaction of agreed conditions precedent, results in AXIA Energia receiving R$ 554.1 million, subject to adjustment, and a call option for a minority stake in Amazonas Energia. The company views this as a financially beneficial alternative, supporting the viability of Amazonas Energia's concession and enabling AXIA Energia to benefit from its potential operational and financial recovery, while reinforcing disciplined capital allocation and risk mitigation.

AXIA Energia S.A. announced the completion of its previously-announced mandatory exchange of Class B1 preferred shares and ADSs for common shares and ADSs, effective June 10, 2026. This action is in connection with the company's migration to the Novo Mercado listing segment of B3 S.A. – Brasil, Bolsa, Balcão. Following the exchange, the newly-exchanged Common ADSs began trading on the NYSE under the ticker symbol "AXIA", and the company intends to terminate its reporting duties for the Class B1 Preferred ADSs.