Centrais Eletricas Brasileiras S A Eletrobrás : Relevant Fact - 03.24.21 - CEO Nomination

RELEVANT FACT

CENTRAIS ELÉTRICAS BRASILEIRAS S/A

CNPJ: 00.001.180/0001-26 | NIRE: 533.0000085-9

PUBLIC COMPANY

Centrais Elétricas Brasileiras S/A ("Company" or "Eletrobras") (B3: ELET3, ELET5 & ELET6; NYSE:

EBR & EBR.B; LATIBEX: XELT.O & XELT.B) hereby informs its shareholders and the market in general, that, on this date, the Eletrobras Board of Directors, by majority, decided to recommend, based on article 16, sole paragraph, of the Company's Bylaws, Mr. Rodrigo Limp Nascimento to fill a vacancy in this collegiate body, aiming at the future exercise of the position of President of the Company.

Mr. Rodrigo was appointed by the controlling shareholder, having not been selected by the advisory firm Korn&Ferry, mentioned in the Market Announcement dated January 25, 2021. Nevertheless, he was evaluated and recommended by the People, Eligibility, Succession and Compensation Committee, interviewed and approved, by majority, by the Board of Directors, and meets the legal and technical qualification requirements necessary for the position.

Mr. Rodrigo is currently secretary of electric energy at the Ministry of Mines and Energy and was Director of the National Electric Energy Agency - Aneel between May 2018 and March 2020. Graduation in Law still underwy from the Brasiliense Institute of Public Law - IDP, Executive MBA in Administration: Management in an Electricity Company from Fundação Getúlio Vargas - FGV, Master's in Public Sector Economics, from the University of Brasília - UNB, Postgraduate Degree in Regulatory Law from Brasília, from the University of Brasília - UNB and graduated in electrical engineering from the University Federal of Juiz de Fora - MG.

After due approval by the Casa Civil, Mr. Rodrigo must be elected as a member of the board of directors, at an annual general meeting, and, subsequently, he must be elected, by the Board of Directors, as the new President of the Company.

The Company will keep the market informed about the subject covered by this Relevant Fact.

Rio de Janeiro, March 24, 2021

Elvira Cavalcanti Presta

CFO and Investor Relations Officer

Internet:www.eletrobras.com/elb/ri

EBR & EBR.B

E-mail:[e-mail] LISLTIESTDED

Address: Rua da Quitanda - 9th floor.

20090-070, Centro. Rio de Janeiro - RJ NYSE

Phone Number: (21) 2514-6333 / 4627

This document may contain estimates and forecasts that are not statements of fact that occurred in the past but reflect our management beliefs and expectations and may constitute future events' forecasts and estimates under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words "believe", "may", "estimate", "continue", "anticipate", "intend", "expect" and related words are intended to identify estimates that necessarily involve risks and uncertainties, known or unknown . Known risks and uncertainties include, but are not limited to: general economic, regulatory, political and commercial conditions in Brazil and abroad, changes in interest rates, inflation and value of the Real, changes in volumes and the pattern of use of electricity by consumer, competitive conditions, our level of indebtedness, the possibility of receiving payments related to our receivables, changes in rainfall and water levels in the reservoirs used to operate our hydroelectric plants, our financing and capital investment plans, existing and future government regulations , and other risks described in our annual report and other documents filed with CVM and SEC. Estimates and forecasts refer only to the date they were expressed and we assume no obligation to update any of these estimates or forecasts due to the occurrence of new information or future events. Future results of the Company's operations and initiatives may differ from current expectations and the investor should not rely solely on the information contained herein. This material contains calculations that may not reflect accurate results due to rounding.