28.6% 31.1% 12.7%

Free Float

27.6%

99.99%

100%

100%

100% 100%

100%

99.95%

100%

90.15%

59.93%89.81%

100%

87.80%

89.75%

90.15%

96.56%100%

100%

48.72%

51%

65%

100%

25.01%

100%

CPFL Energia is a holding company that, throught its subsidiaries,

distributes, commercializes and generates energy in Brazil,

standing as the largest private group in the Brazilian electric

sector. Its subsidiaries are widely recognized for its excellence

and sustainability of their business practices and regarded as

benchmarks in management, quality and operating effi ciency.

After the IPO in September 2004, CPFL Energia became the

first Brazilian private company to simultaneously trade on

the São Paulo Stock Exchange (Bovespa Novo Mercado) and

on the NYSE as Level III ADR, both requiring the highest

levels of Corporate Governance practices.

Corporate Structure

Corporate Profi le

1

1 Including 0.2% from others Note: As of July 31th, 2008

Service Territory

CPFL Energia announced dividend based on the

fi rst half-year of 2008 in the amount of R$ 602

million, which corresponds to R$ 1.25 per share

approximately. This dividend represent 100%

of CPFL net profi t, a measure which surpasses

the current dividend policy which stipulates

a payout of not less than 50% of net income

adjusted half-yearly. The 1H08 dividend yield,

calculated from the average price of the period

(R$ 36.11) is 7.6%. The Shares will be traded

ex-dividend on August 20, 2008.

Dividends Declared Dividends1 vs. Annualized Dividend Yield2

Declared Dividend (R$ million) Dividend Yield

CPFL Price (R$/ON)

Average

Since the IPO (2H04), CPFL Energia’s dividend yield has already reached 57.0%3

1Refer to declared dividend:Payment in the next half year | 2Considering last two half-year’s dividends yield

| 3IPO price per share: R$ 17.22

722

2H06

498

2H05

401

1H05

140

2H04 1H07

842

2H07

719

1H08

602

16.58 18.85 23.33 30.05 28.25 31.74 35.99 36.11

612

1H06

3.7%

6.5%

9.1% 8.7%9.6%

10.9%9.7%

7.6%

Financial Performance Net Revenue (R$ million) Ebitda (R$ million) Net Income (R$ million)

Debt breakdown Adjusted Net Debt / EBITIDA3 (R$ billion)

Net Debt /EBITDA

3 Last 12 monts EBITDA

CPFL Energia’s success is supported by clearly defined

business strategies and by management excellence

criteria directed to the sustained growth of its

businesses.

Value Creation Agenda Goals

Value

Liquidity

Security

Strategies

Operational Effi ciency

Synergic Growth

Financial Discipline

Sustainability and Corporate Responsibility

Differentiated Corporate Governance

Total Energy Sales – GWh1

Captive Market

Free Market

Sales by Customer Class2 – 2Q08

1 Excluding transactions between group’s companies (consolidation accouting criteria), CCEE and generation sales (except to the free market) | 2 Captive Market

Market

32.5% Industrial

31.2% Residential

18.1% Commercial

6.3% Rural

11.8% Others

Fact Sheet 2Q08 | CPFL Energia

Adjusted Net Debt

2Q07 2Q08

2.7%11,016

8,687

2,329

11,313

9,121

2,192

2,310

2,224

3.9%

718814

2Q07 2Q08

-11.8%

329369

2Q07 2Q08

-11.1%

2Q07 2Q08

4.39

6.28

5.40

2.85

4.92

1.78

3.78

2.25

3.70

1.74

4.42

1.57

5.09

20062005200420032002 2Q082007

1.53

2.8% Dollar

29.7% TJLP

51.4% CDI

15.3% IGP

2Q07 2Q08

4.1% Dollar

28.5% TJLP

48.1% CDI

18.4% IGP

0,9% Others 0,8% Others

CPFL Energia adopts differentiated practices of Corporate

Governance, based on the principles of transparency, fair

ness, accountability and corporate responsibility.

Shares are listed on Bovespa’s Novo Mercado and ADS’s

Level III on the New York Stock Exchange

100% of Common Shares with 100% of Tag Along

Free Float of 27.6%

Subsidiary Companies’ Bylaws aligned to CPFL Energia Bylaws

Financial Statements in compliance with US GAAP and BR

GAAP standards

Report in consensus with Global Reporting Initia tive-GRI

Board of Directors consists of seven members, one being

independent

3 Board Advisory Committees to the Board of Directors

Board of Directors and Fiscal Council self-evaluation

Review of Ethics and Corporate Conduct based on recom

mendations in the Sarbanes-Oxley Act

CPFL complies with section 404 of the Sarbanes-Oxley Act

Corporate Governance

CPFL Energia believes that the pursuit of sustainability is a process

that demands the constant and innovative management of economic,

environmental and social impacts together with the maintenance of

ethical and transparent relationships with all its stakeholders.

The company has a management model structured on a diversity of

programs classifi ed in the following groups:

Sustainability and Corporate Responsibility

Environment Environmental education for the communities

Conservation of biodiversity

Conscientious corporate consumption.

New Clean Development Mechanism

Technologies and Projects (MDL)

Community CPFL Program of Volunteerism

Municipal Council Support Program for the

Rights of Children and Adolescents (CMDCA)

The CPFL Program for the Revitalization of

Philanthropic Hospitals

Internal

Personnel

Program of Refl ection and Ethical Management

Respect for Diversity Program

Value Chain

Knowledge

Management

Value Network

The Tear Program

CPFL Culture

Communications for Sustainability

CPFE3 (R$) CPL (US$)

Shares Price 36.30 68.36

Maximum – 52 weeks 41.95 76.40

Minimum – 52 weeks 29.75 45.78

Market Cap R$ 17.4 Billion

US$ 10.9 Billion

Market Cap 479,910,938

Exchange Rate 2 R$/US$ 1.59

Shares’ Information1

06/30/2008

Investor Relations

CPFL Energia – Rodovia Campinas Mogi-Mirim, Km 2,5 | Zip Code 13088.900 | Campinas | SP

Phone: 55 19 3756-6083 | Fax.: 55 19 3756-6089 | www.cpfl .com.br/ir | ri@cpfl .com.br

1 Without income adjustments | 2 Dollar Ptax

Ownership breakdown

72.4% Controlling block

27.6% Free-fl oat

Fact Sheet 2Q08 | CPFL Energia