Axia Energia Converts 35,083,761 Preferred Shares Into Common Shares

• Axia Energia will convert 35,083,761 Class C preferred shares into ordinary shares at 1:1 on October 19, 2026.
• The fifth redemption covers 32,095,169 Class C preferred shares, or 47.78%, which will be canceled.
• Redemption payments totaling R$ 1.91 billion are scheduled for October 26, 2026.
• American Depositary Receipt holders will receive redemption proceeds within seven business days following October 26, 2026.

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