AES Tiete's Net Income Amounted to R$ 224.7 Million in 3Q13

         AES Tiete's Net Income Amounted to R$ 224.7 Million in 3Q13

Comments by Mr. Gustavo Duarte Pimenta - Financial and Investor Relations
Officer

PR Newswire

SAO PAULO, Nov. 6, 2013

SAO PAULO, Nov. 6, 2013 /PRNewswire/ -- The 7% growth in AES Tiete's
(BM&FBovespa: GETI3 and GETI4; OTC: AESAY and AESYY) net revenue to R$ 580
million in 3Q13 was primarily driven by a larger volume of energy sold through
other bilateral contracts, coupled with the higher volume and prices practiced
on the spot market. This performance was partly offset by the seasonality of
the energy sold to AES Eletropaulo during the period.

Operating costs and expenses, excluding depreciation, amounted to R$ 187
million in 3Q13, up 56% from 3Q12 (R$ 120.1 million), chiefly due to the
higher volume of energy purchased to meet the expansion in the bilateral
contract portfolio in the free market, as well as energy purchased in the spot
market.

EBITDA came to R$ 393.2 million in 3Q13, down 7.1% year-over-year. This result
can be primarily explained by the seasonality of the energy sold to AES
Eletropaulo, in the same basis of comparison, coupled with the non-recurring
positive impact from the sale of PCH Minas for the amount of R$ 10 million,
which occurred in August 2012. Thus, the net income resulted in R$ 224.7
million in 3Q13, representing a 7.9% decrease in comparison with 3Q12.

The operational highlight in the period was the increase in the volume of own
energy sold for the post-2015 period (413 MWavg in 3Q13 versus 210 MWavg in
2Q13). This performance results from the commercialization strategy laid down
by the Company for the period following the termination of the bilateral
contract with AES Eletropaulo.

AES Tiete will distribute interim dividends to its shareholders in the amount
of R$ 242.4 million, representing 107.9% of the quarterly net income. The
dividend yield for 3Q13, considering both common and preferred shares, stood
at 3.1%.

Conference Call / Webcast

PRESENTATION:
Mr. Britaldo Soares – Chief Executive Officer
Mr. Gustavo Pimenta – CFO and Investor Relations Officer

DATE: Thursday, November 7, 2013

TIME: 11:00 a.m. (BR) / 8:00 a.m. (EST)

CONNECTION:

  oBrazil: (+55 11) 4688-6361
  oUSA:  (+1) 855 281-6021
  oOther countries:  (+1) 786 924-6977

SIMULTANEOUS INTERPRETATION INTO ENGLISH WILL BE PROVIDED

CONFERENCE CODE: AES Tiete

REPLAY: (+55 11) 4688-6312
CODE FOR PORTUGUESE: 6550915#
CODE FOR ENGLISH: 9371698#
AVAILABILITY:  11/07/2013 through 14/11/2013

The presentation slides will be available for viewing and downloading on the
website www.aestiete.com.br/ri.

The conference audio will also be streamed live online, on the same website,
where it will be available after the event.

SOURCE AES Tiete

Website: http://www.aestiete.com.br/ri