CTEEP`s Audit Committee comprises from three to five sitting members, with an equal number of alternates, appointed for a one-year mandate each, who are elected the General Shareholders` Meeting, with re-election being permitted, from whom two members are appointed by minority shareholders.

The Audit Committee, of a permanent status, is responsible for monitoring the management of the Company’s business by the Executive Officers and ensuring compliance with their legal and statutory duties; providing their opinion on the management`s annual report; evaluating the interim financial statements that are regularly prepared by the Company; in addition to examining and providing their opinion on the financial statements for the fiscal year.

Chairman
Manuel Domingues de Jesus e Pinho

Members
Antonio Luiz de Campos Gurgel, Celso Clemente Giacometti,
Egidio Schoenberger e Rosangela da Silva

Alternates
Jean Jacques Salim, João Vicente Amato Torres, Josino de Almeida Fonseca,
Luís Carlos Guedes Pinto e Luíz Flávio Cordeiro da Silva

In 2012, eight Audit Committee meetings were held, of which four were in-person meetings and four were conducted through electronic communication.