Bruno Amorim

Maria Carolina Carneiro

Andre Sampaio

Daniel Travitzky

Filipe Andrade

Francisco Navarrete

Guilerme

Guilherme Lima

João Pimentel

Luisa Candiota

Marcelo Sá

Matias Ruling

- Companhia Paranaense de Energia - Copel (ELP) will hold a **Special Meeting of Preferred Shareholders** on **November 17, 2025, at 11 a.m.**, to decide on the **ratification of the mandatory conversion of all preferred (PN) shares** into common shares and class "C" preferred shares (PNC).  **[1041792_0001292814-25-003627_elp20251024_6k2.htm:7]** **[1041792_0001292814-25-003627_elp20251024_6k2.htm:2]** 
- This PN Conversion is a crucial step in the company's process of changing its shareholding structure and migrating to the **Novo Mercado segment of B3 S.A.**.  **[1041792_0001292814-25-003627_elp20251024_6k2.htm:2]** **[1041792_0001292814-25-003627_elp20251024_6k2.htm:9]** 
- The effectiveness of the PN Conversion is conditional upon this ratification by preferred shareholders, obtaining creditor waivers, and approval from B3 for the Novo Mercado migration.  **[1041792_0001292814-25-003627_elp20251024_6k2.htm:10]** 
- Shareholders holding PN shares who do not approve the PN Conversion will have the **right to withdraw** from the company, upon reimbursement of the shares based on their book equity value.  **[1041792_0001292814-25-003627_elp20251024_6k2.htm:10]**  This right applies to shareholders who held PN shares uninterruptedly between **June 23, 2025**, and the date of effective exercise of the right of withdrawal.  **[1041792_0001292814-25-003627_elp20251024_6k2.htm:10]** **[1041792_0001292814-25-003627_elp20251024_6k2.htm:11]**

ELP Schedules Special Meeting for Share Conversion Ratification

- The Board of Directors of ENERGY CO OF PARANA approved **financial supplementation to the 2025 Capex** of Copel Distribui\u00e7\u00e3o S.A..  **[1041792_0001292814-25-003591_elp20251022_6k1.htm:1]** 
- The Board unanimously approved **adaptations to the Novo Mercado Regulations** for several company documents, including the Code of Conduct, Internal Regulations of the Board of Directors, and various internal policies.  **[1041792_0001292814-25-003591_elp20251022_6k1.htm:1]**  These updated policies are effective immediately, with bylaws updates conditional on the company's migration to the Novo Mercado.  **[1041792_0001292814-25-003591_elp20251022_6k1.htm:2]**

ENERGY CO OF PARANA Board Approves 2025 Capex Supplementation and Novo Mercado Adaptations

- Copel's billed market grew by **1.7% in Q3 2025** and **1.5% year-to-date**.  **[1041792_0001292814-25-003587_elp20251022_6k.htm:2]** 
- This growth was primarily driven by **lower temperatures, which boosted residential consumption for heating, and greater economic activity, which favored commercial and industrial segments**.  **[1041792_0001292814-25-003587_elp20251022_6k.htm:2]** 
- Total Consolidated Copel's energy sold (GWh) increased by **7.3% in Q3 2025** and **7.7% year-to-date (9M25)**.  **[1041792_0001292814-25-003587_elp20251022_6k.htm:3]**

Copel Reports Q3 2025 Market Growth

- **ENERGY CO OF PARANA** shareholders approved the company's **migration to B3's Novo Mercado segment** and related statutory reforms at an Extraordinary General Meeting held on **August 22, 2025**.  **[1041792_0001292814-25-003342_elp20250822_6k1.htm:2]** **[1041792_0001292814-25-003342_elp20250822_6k1.htm:3]** **[1041792_0001292814-25-003342_elp20250822_6k1.htm:16]** **[1041792_0001292814-25-003342_elp20250822_6k1.htm:17]** 
- Key resolutions include the **unification of PNA and PNB preferred shares** into a single PN class, followed by the **mandatory conversion of all PN shares into common shares and new PNC preferred shares** in a 1:1 ratio.  **[1041792_0001292814-25-003342_elp20250822_6k1.htm:3]** **[1041792_0001292814-25-003342_elp20250822_6k1.htm:5]** **[1041792_0001292814-25-003342_elp20250822_6k1.htm:16]** 
- The newly created PNC shares are to be **compulsorily redeemed at R$ 0.7749 per share**, conditional on the PN Conversion.  **[1041792_0001292814-25-003342_elp20250822_6k1.htm:4]** **[1041792_0001292814-25-003342_elp20250822_6k1.htm:16]** 
- A dissenting shareholder protested these proposals, arguing they are **illegal** and economically unjustified, highlighting that the average annual dividend for PNA shares was nearly **R$ 0.10 higher than PNB** over the past five years, implying a present value of financial advantage for PNA of at least **R$ 1.23 per share**, which is significantly above the proposed redemption price.  **[1041792_0001292814-25-003342_elp20250822_6k1.htm:12]** **[1041792_0001292814-25-003342_elp20250822_6k1.htm:13]** **[1041792_0001292814-25-003342_elp20250822_6k1.htm:15]**

ENERGY CO OF PARANA Shareholders Approve Novo Mercado Migration and Share Restructuring

ENERGY CO OF PARANA (ELP)