On Wednesday, October 7, 2026, Axia Energia (AXIA3, AXIA7) approved the redemption of 67,249,496 class C preferred shares (PNC), equivalent to BRL 4 billion and to 17.38% of this share class. The redemption value of each PNC share will be BRL 59.48, corresponding to the closing price of the company’s common shares in the trading session of October 6, 2026.
The record date at B3 for participation in the transaction will be October 8, 2026, and as of October 9, 2026, PNC shares will trade ex-rights. Shareholders who do not state an option for conversion will have their PNC shares automatically redeemed. Payment of the redemption amount is scheduled for October 26, 2026.
Holders of PNC shares may, instead of redemption, opt for the total or partial conversion of these shares into common shares, at a ratio of 1 common share for each 1 PNC share. The period for submitting the conversion request will be from October 14 to 16, 2026, with channels for submission via the custody agent or via Itaú Corretora de Valores S.A., the bookkeeper of the company’s shares. The common shares resulting from the conversion will be delivered on October 20, 2026.
The redemption of PNC shares will disregard fractional shares, as provided for in the bylaws. For non-resident investors, the tax treatment applicable to the transaction is detailed in the Shareholders’ Notice released on the same date. Holders of American Depositary Receipts (ADRs) backed by PNC shares will not be entitled to the conversion option, as the underlying shares will be mandatorily redeemed and the amount will be passed on by the depositary Citibank N.A. within up to seven business days after payment to holders of PNC shares traded on B3.
