AES Tiete Posted Net Income of R$ 609.1 Million in 2007, Which Will be Fully Distributed to Shareholders

SAO PAULO, Brazil, March 19 /PRNewswire-FirstCall/ -- AES Tiete S.A. (Bovespa: GETI3 and GETI4; OTC: AESAY and AESYY) today announced its results for the fiscal year of 2007.

Comments by Mr. Alexandre Innecco - Chief Financial and Investor Relations Officer

The Company reached EBITDA of R$ 1,098.8 million and net income of R$ 609.1 million in 2007. Results remained stable in relation to the previous year reflecting the balance between the increase in net revenues, resulting from the higher volume of energy sold through the spot market, and the rise in the transmission charge.

In accordance with the Company's shareholder remuneration practices since 2006, AES Tiete has been distributing 100% of its net income as dividends or interest on equity. Dividends amounting to R$ 443.7 million, corresponding to the first nine months results, have been paid in advance in the year. Management will propose to the General Shareholders' Meeting scheduled for April 23, 2008 the distribution of the whole of the 4Q07 net income.

AES Tiete closed one more year of operations without accidents with lost workdays and kept its operating indicators above the targets set by ANEEL. Furthermore, the Company celebrated the UNO approval for its Clean Development Methodology (CDM) for tree planting and reforestation. This worldwide pioneering methodology will allow the Company to issue carbon credit certificates. These achievements reinforce the Company's commitment to the quality of its operations, the environment, its employees, the community and its shareholders.

AES Tiete INVITES:

Conference Call / Webcast

PRESENTATION:
Britaldo Soares - Chief Executive Officer
Alexandre Cesar Innecco - CFO and Investor Relations Officer

DATE: Thursday, March 20, 2008
Simultaneous translation into English will be provided.

Time: 11:00 a.m. (BR) / 10:00 a.m. (EDT)
Connection numbers:
Brazil (55 11) 4688-6301
USA (1 800) 860-2442
Other countries: (1 412) 858-4600

CONFERENCE CODE: Tiete

Replay: (55 11) 4688-6312
Code: 252
Available: from 03.20.2008 to 03.26.2008

The presentation slides will be available for viewing and downloading on the websites: www.eletropaulo.com.br/ri and
The conference audio will be webcast on the same sites, where it will be available after the event.

Save the date - April, 17th, 2008. Meet one of the AES Tiete Plants! Further information will be provided soon.

CONTACT: LUCIANA SILVESTRE
PHONE: 55 11 2195 2282
FAX: 55 11 2195 2504
E-MAIL: luciana.silvestre@aes.com

First Call Analyst:
FCMN Contact: luciana.silvestre@aes.com

Source: AES Tiete S.A.

CONTACT: Luciana Silvestre, AES Tiete, +55-11-2195-2282, FAX: +55-11-2195-2504, luciana.silvestre@aes.com

Web site: http://www.aestiete.com.br/

2008-03-19 19:44:36 0316796 PRNEWSWIRE