he year 2012 was once again marked by investors` caution with regards to the equity market. The European crisis, alongside with China`s economic downturn and the sluggish recovery in the US economy, jointly contributed to hamper a positive evolution in the global stock markets in general.

In the domestic equity market, the Ibovespa index began showing signs of reversal in the downtrend by offsetting the losses of up to 7.5% during the first half, and closed the year up 7.4%. As regards the electric power companies, Provisional Executive Order (MP) 570 of September 2012, which relates to the renewal of generation, transmission and distribution of electric power, whose expiration dates fall between 2015 and 2017, caused stock prices to plunge.

The Electric Power Stock Index (IEE) was devalued by 11.7% in 2012, whereas CTEEP`s common and preferred shares (BM&FBOVESPA TICKERS: TRPL3 and TRPL4 respectively) closed the year priced at R$ 44.50 and R$ 32.99 respectively, showing drops of 17.6% and 43.1% year-over-year.

As a result, CTEEP`s market capitalization at the close of FY 2012 amounted to R$ 5.8 billion.

The financial daily trading volume of CTEEP stock in BM&FBOVESPA averaged R$ 14.5 million in 2012, whereas the total amount reached R$ 3.6 billion over the same period, with special emphasis on the second half of the year.

Since 2009, CTEEP has also listed Level 1 American Depositary Receipts (ADR) in the NYSE, backed by the Company’s underlying common and preferred stock at the ratio of 1 Depositary Receipt for each share of both types. The Company`s securities are traded on the US OTC market, and payment of dividends or interest on equity connected to the ADRs are effected in US Dollars.