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<SEC-DOCUMENT>0001292814-10-000111.txt : 20100119
<SEC-HEADER>0001292814-10-000111.hdr.sgml : 20100118
<ACCEPTANCE-DATETIME>20100119061040
ACCESSION NUMBER:		0001292814-10-000111
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090930
FILED AS OF DATE:		20100119
DATE AS OF CHANGE:		20100119

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			COMPANHIA DE SANEAMENTO BASICO DO ESTADO DE SAO PAULO-SABESP
		CENTRAL INDEX KEY:			0001170858
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			D5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-31317
		FILM NUMBER:		10531812

	BUSINESS ADDRESS:	
		STREET 1:		RUA COSTA CARVALHO, 300
		STREET 2:		SAO PAULO
		CITY:			SP
		STATE:			D5
		ZIP:			05429-900
		BUSINESS PHONE:		011-55-11-3388-8000

	MAIL ADDRESS:	
		STREET 1:		RUA COSTA CARVALHO, 300
		STREET 2:		SAO PAULO
		CITY:			SP
		STATE:			D5
		ZIP:			05429-900
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>sbsitr3q09_6k.htm
<DESCRIPTION>QUARTERLY INFORMATION 3Q09
<TEXT>
<HTML>
<HEAD>
   <TITLE>Provided by MZ Technologies</TITLE>
   <META name="HandheldFriendly" content="true">
</HEAD>

<BODY style="font-family: 'Times New Roman, Times, Serif'; font-size:11px; text-align:justify" bgcolor="#ffffff">
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>Washington, DC 20549 </B></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<HR align="center" WIDTH="25%" size=1 NOSHADE COLOR="#000000">
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>FORM 6-K</B></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>REPORT OF FOREIGN ISSUER </B> <BR>
      <B>PURSUANT TO RULE 13a-16 OR 15d-16 OF THE</B></FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>SECURITIES EXCHANGE ACT OF 1934</B></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center">
  <div><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B> For January 19, 2010</B></FONT></DIV>
  <p></p>
  <FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B> (Commission File No. 1-31317) </B></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<HR align="center" WIDTH="25%" size=1 NOSHADE COLOR="#000000">
<DIV><FONT
SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B> Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP </B></FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><i>(Exact name of registrant as specified in its charter) </i></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"> </DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B> Basic Sanitation Company of the State of Sao Paulo - SABESP </B></FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><i>(Translation of Registrant's name into English) </i></FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<HR align="center" WIDTH="25%" size=1 NOSHADE COLOR="#000000">
<BR>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B> Rua Costa Carvalho, 300 <BR>
  S&#227;o Paulo, S.P., 05429-900 <BR>
  Federative Republic of Brazil </B></FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><i> (Address of Registrant's principal executive offices) </i></FONT></DIV>
<BR>
<HR align="center" WIDTH="25%" size=1 noshade COLOR="#000000">
<BR>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> Indicate by check mark whether the registrant files or will file <br>
  annual reports under cover Form 20-F or Form 40-F. <BR>
  <br>
  Form 20-F ___X___ Form 40-F ______</font></div>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> Indicate by check mark if the registrant is submitting the Form 6-K <BR>
  in paper as permitted by Regulation S-T Rule 101(b)(1)__.</font></div>
<P>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> Indicate by check mark if the registrant is submitting the Form 6-K <BR>
  in paper as permitted by Regulation S-T Rule 101(b)(7)__.</font></div>
<P align=center><FONT FACE="'Times New Roman, Times, Serif'" SIZE=2>Indicate by check mark whether the registrant by furnishing the <BR>
  information contained in this Form is also thereby furnishing the <BR>
  information to the Commission pursuant to Rule 12g3-2(b) under <BR>
  the Securities Exchange Act of 1934. <BR>
  <BR>
  Yes ______ No ___X___</font></p>
<P>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> If "Yes" is marked, indicated below the file number assigned to the<BR>





  registrant in connection with Rule 12g3-2(b):</font>
    <p></p>
</DIV>

<hr size="2" noshade color="#000000" align="left">
<H5 align="left" style="page-break-before:always"></H5>

<A name="page_1"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=70%></TD>
	<TD></TD></TR>
<TR valign="bottom">
	<TD align=left><B>PUBLIC FEDERAL SERVICE</B>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>CVM - SECURITIES EXCHANGE COMMISSION</B>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>ITR - QUARTERLY INFORMATION</B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>09/30/2009</b>&nbsp;</TD>
	<TD align=left><B>Corporation Law</B>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>COMMERCIAL, INDUSTRIAL AND OTHER COMPANIES</B>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
</TABLE>
<BR>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="99%" align=left><B>REGISTRATION WITH THE CVM DOES NOT IMPLY ANY ANALYSIS OF THE COMPANY. MANAGEMENT IS</B>&nbsp;<B>RESPONSIBLE FOR THE ACCURACY OF THE INFORMATION PROVIDED.</B>&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
<B>01.01 - IDENTIFICATION </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="33%" align=left valign="middle">1 - CVM CODE&nbsp;<br>
    01444-3&nbsp;</TD>
	<TD width="33%" align=left valign="middle">2 - COMPANY'S NAME&nbsp;<br>
    CIA SANEAMENTO B&Aacute;SICO ESTADO S&Atilde;O PAULO&nbsp;</TD>
	<TD width="33%" align=left valign="middle">3 -Federal Taxpayer's Registration&nbsp;Number (CNPJ)<br>
    43.776.517/0001-80&nbsp;</TD></TR>


<TR valign="bottom">
	<TD colspan=3 align=left valign="middle">4 - <B>State Registration Number - NIRE</B>&nbsp;<br>
    35300016831&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<P>
<B>01.02 - HEAD OFFICE </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD colspan="3" align=left valign="top">1 - ADDRESS&nbsp;<br>
    Rua Costa Carvalho, 300&nbsp;</TD>
	<TD colspan="2" align=left valign="top">2 - SUBURB OR DISTRICT&nbsp;<br>
    Pinheiros&nbsp;</TD>
  </TR>


<TR valign="bottom">
	<TD width="20%" align=left valign="top">3 - POSTAL CODE&nbsp;<br>
    05429-900&nbsp;</TD>
	<TD colspan="3" align=left valign="top">4 - MUNICIPALITY&nbsp;<br>
    S&atilde;o Paulo&nbsp;</TD>
	<TD width="20%" align=left valign="top">5 - STATE&nbsp;<br>
    SP&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left valign="top">6 - AREA CODE&nbsp;<br>
    11&nbsp;</TD>
	<TD width="20%" align=left valign="top">7 - TELEPHONE&nbsp;<br>
    3388-8000&nbsp;</TD>
	<TD width="20%" align=left valign="top">8 - TELEPHONE&nbsp;<br>
    3388-8200&nbsp;</TD>
	<TD width="20%" align=left valign="top">9 - TELEPHONE&nbsp;<br>
    3388-8201&nbsp;</TD>
	<TD align=left valign="top">10 - TELEX&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left>11 - AREA CODE&nbsp;<br>
    11&nbsp;</TD>
	<TD align=left>12 - FAX&nbsp;<br>
    3813-0254&nbsp;</TD>
	<TD align=left>13 - FAX&nbsp;<br>
    -&nbsp;</TD>
	<TD align=left>14 - FAX&nbsp;&nbsp;<br>
    -&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>


<TR valign="bottom">
	<TD colspan="5" align=left>15 - E-MAIL&nbsp;<br>
    sabesp@sabesp.com.br&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<P>
<B>01.03  - INVESTOR RELATIONS OFFICER (Company's Mail Address)</B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD colspan="5" align=left valign="top">1 - NAME&nbsp;<br>
    Rui de Britto &Aacute;lvares Affonso&nbsp;</TD>
  </TR>


<TR valign="bottom">
	<TD colspan="3" align=left valign="top">2 - ADDRESS&nbsp;<br>
    Rua Costa Carvalho, 300&nbsp;</TD>
	<TD colspan=2 align=left valign="top">3 - SUBURB OR DISTRICT&nbsp;<br>
    Pinheiros&nbsp;</TD>
  </TR>


<TR valign="bottom">
	<TD width="20%" align=left valign="top">4 - POSTAL CODE&nbsp;<br>
    05429-900&nbsp;</TD>
	<TD colspan="3" align=left valign="top">5 - MUNICIPALITY&nbsp;<br>
    S&atilde;o Paulo&nbsp;</TD>
	<TD width="20%" align=left valign="top">6 - STATE&nbsp;<br>
    SP&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left valign="top">7 - AREA CODE&nbsp;<br>
    11&nbsp;</TD>
	<TD width="20%" align=left valign="top">8 - TELEPHONE&nbsp;<br>
    3388-8247&nbsp;</TD>
	<TD width="20%" align=left valign="top">9 - TELEPHONE&nbsp; &nbsp;<br>
    3388-8386&nbsp;</TD>
	<TD width="20%" align=left valign="top">10 - TELEPHONE&nbsp;<br>
    -&nbsp;</TD>
	<TD valign="top">11 - TELEX&nbsp;</TD>
  </TR>


<TR valign="bottom">
	<TD align=left valign="top">12 - AREA CODE&nbsp;<br>
    11&nbsp;</TD>
	<TD align=left valign="top">13 - FAX&nbsp;<br>
    3815-4465&nbsp;</TD>
	<TD align=left valign="top">14 - FAX&nbsp;&nbsp;<br>
    -&nbsp;</TD>
	<TD align=left valign="top">15 - FAX&nbsp;<br>
    -&nbsp;</TD>
	<TD align=left valign="top">&nbsp;</TD></TR>


<TR valign="bottom">
	<TD colspan="5" align=left valign="top">16 - E-MAIL&nbsp;<br>
    raffonso@sabesp.com.br&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<P>
<B>01.04  - GENERAL INFORMATION/INDEPENDENT ACCOUNTANT</B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">

<TR valign="bottom">
  <TD colspan="2" align=center valign="top">CURRENT YEAR&nbsp;</TD>
	<TD colspan="3" align=center valign="top">CURRENT QUARTER&nbsp;</TD>
	<TD colspan="3" align=center valign="top">PRIOR QUARTER&nbsp;</TD>
  </TR>

<TR valign="bottom">
  <TD width="12%" align=center valign="top">1 -BEGINNING</TD>
	<TD width="12%" align=center valign="top"> 2 - END&nbsp;</TD>
	<TD width="12%" align=center valign="top">3 - QUARTER&nbsp;</TD>
	<TD width="12%" align=center valign="top">4 -BEGINNING</TD>
	<TD width="12%" align=center valign="top"> &nbsp; 5 - END&nbsp;</TD>
	<TD width="12%" align=center valign="top">6 - QUARTER&nbsp;</TD>
	<TD width="12%" align=center valign="top">7 -BEGINNING</TD>
	<TD width="12%" align=center valign="top"> 8 - END&nbsp;</TD></TR>

<TR valign="bottom">
  <TD align=center valign="top">01/01/2009</TD>
	<TD align=center valign="top"> 12/31/2009&nbsp;</TD>
	<TD align=center valign="top">3&nbsp;</TD>
	<TD align=center valign="top">&nbsp;07/01/2009</TD>
	<TD align=center valign="top">  09/30/2009&nbsp;</TD>
	<TD align=center valign="top">2&nbsp;</TD>
	<TD align=center valign="top">04/01/2009</TD>
	<TD align=center valign="top"> 06/30/2009&nbsp;</TD></TR>

<TR valign="bottom">
  <TD colspan="6" align=left valign="top">9 - INDEPENDENT ACCOUNTANT&nbsp;<br>
    PRICEWATERHOUSECOOPERS INDEPENDENT AUDITORS&nbsp;</TD>
	<TD colspan="2" align=left valign="top">10 - CVM CODE&nbsp;<br>
    00287-9&nbsp;</TD>
  </TR>

<TR valign="bottom">
  <TD colspan="6" align=left valign="top">11 - PARTNER RESPONSIBLE&nbsp;<br>
    Paulo Cesar Estev&atilde;o Netto&nbsp;</TD>
	<TD colspan="2" align=left valign="top">12 - INDIVIDUAL TAXPAYER'S&nbsp;REGISTRATION NUMBER OF&nbsp;THE PARTNER RESPONSIBLE&nbsp;<br>
    018.950.957-00&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>1 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_2"></A>

<P>
<B>01.05  - CAPITAL COMPOSITION</B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="25%" align=center valign="middle"><B>NUMBER OF SHARES</B>&nbsp;<br>
    <B>(thousand)</B></TD>
	<TD width="25%" align=center valign="middle"><B>1 - </B>CURRENT QUARTER&nbsp;<B><br>
    09/30/2009</B>&nbsp;</TD>
	<TD width="25%" align=center valign="middle">2 - PRIOR QUARTER&nbsp;<B><br>
    06/30/2009</B>&nbsp;</TD>
	<TD width="25%" align=center valign="middle">3 - SAME QUARTER IN PRIOR&nbsp;YEAR&nbsp;<B><br>
    09/30/2008</B>&nbsp;</TD></TR>


<TR valign="bottom">
	<TD colspan="4" align=left><B>Paid-up Capital</B>&nbsp;</TD>
  </TR>

<TR valign="bottom">
	<TD align=left>1 - Common&nbsp;</TD>
	<TD align=right>227,836&nbsp;</TD>
	<TD align=right>227,836&nbsp;</TD>
	<TD align=right>227,836&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2 - Preferred&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3 - Total&nbsp;</TD>
	<TD align=right>227,836&nbsp;</TD>
	<TD align=right>227,836&nbsp;</TD>
	<TD align=right>227,836&nbsp;</TD></TR>

<TR valign="bottom">
	<TD colspan="4" align=left><B>Treasury Shares</B>&nbsp;</TD>
  </TR>

<TR valign="bottom">
	<TD align=left>4 - Common&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5 - Preferred&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>6 - Total&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
<B>01.06 - CHARACTERISTICS OF THE COMPANY </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="100%" align=left>1 - TYPE OF COMPANY&nbsp;<br>
    Commercial, Industrial and Other&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left>2 - SITUATION&nbsp;<br>
    Operational&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left>3 - NATURE OF OWNERSHIP&nbsp;<br>
    State-owned&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left>4 - ACTIVITY CODE&nbsp;<br>
    1160 - Sanitation, Water and Gas Services&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left>5 - MAIN ACTIVITY&nbsp;<br>
    Water Capture, Treatment and Distribution; Sewage Collection and Treatment&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left>6 - TYPE OF CONSOLIDATION&nbsp;<br>
    Total&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left>7 - TYPE OF REPORT OF INDEPENDENT ACCOUNTANTS&nbsp;<br>
    Qualified&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
<B>01.07  - COMPANIES NOT INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS</B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="33%" align=left><B>1 - ITEM</B>&nbsp;</TD>
	<TD width="33%" align=left><B>2 - CNPJ</B>&nbsp;</TD>
	<TD width="33%" align=left><B>3 - NAME</B>&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
<B>01.08 - DIVIDENDS APPROVED AND/OR PAID DURING AND AFTER THE QUARTER</B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">

<TR valign="bottom">
	<TD width="14%" align=center valign="middle">1 -&nbsp;ITEM&nbsp;</TD>
	<TD width="14%" align=center valign="middle">2 - EVENT&nbsp;</TD>
	<TD width="14%" align=center valign="middle">3 - DATE OF&nbsp;APPROVAL&nbsp;</TD>
	<TD width="14%" align=center valign="middle">4 - TYPE&nbsp;</TD>
	<TD width="14%" align=center valign="middle">5 - DATE OF&nbsp;PAYMENT&nbsp;</TD>
	<TD width="14%" align=center valign="middle">6 - TYPE OF&nbsp;SHARE&nbsp;</TD>
	<TD width="14%" align=center valign="middle">7 - AMOUNT PER&nbsp;SHARE&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>01&nbsp;</TD>
	<TD align=left>Board of Directors' Meeting&nbsp;</TD>
	<TD align=center>05/14/2009&nbsp;</TD>
	<TD align=center>Interest on capital&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=center>Registered common&nbsp;</TD>
	<TD align=center>0.6100000000&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>2 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_3"></A>

<P>
<B>01.09 - SUBSCRIBED CAPITAL AND ALTERATIONS IN THE CURRENT YEAR</B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">

<TR valign="bottom">
	<TD width="14%" align=center valign="middle">1 - ITEM&nbsp;</TD>
	<TD width="14%" align=center valign="middle">2 - DATE OF&nbsp;ALTERATION&nbsp;</TD>
	<TD width="14%" align=center valign="middle">3 - CAPITAL&nbsp;<br>
    (R&#36; thousands)</TD>
	<TD width="14%" align=center valign="middle">4 - AMOUNT OF THE&nbsp;ALTERATION&nbsp;<br>
    (R&#36; thousands)</TD>
	<TD width="14%" align=center valign="middle">5 - NATURE OF&nbsp;ALTERATION&nbsp;</TD>
	<TD width="14%" align=center valign="middle">7 - NUMBER OF SHARES&nbsp;ISSUED&nbsp;<br>
    (Thousands)</TD>
	<TD width="14%" align=center valign="middle">8 - SHARE PRICE ON ISSUE DATE&nbsp;<br>
    (Reais)</TD></TR>
</TABLE>
<BR>
<P>
<B>01.10  - INVESTOR RELATIONS OFFICER</B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="48%" align=left><B>1 - Date</B>&nbsp;<br>
    11/16/2009&nbsp;</TD>
	<TD width="49%" align=left valign="top"><B>2 - SIGNATURE</B>&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">&nbsp;</P>
<P align="right">&nbsp;</P>
<P align="right"><B>Page: </B>3 </P>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_4"></A>

<P>
<B>02.01 - BALANCE SHEET - ASSETS (In thousands of Brazilian reais - R&#36;) </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <tr valign="bottom">
    <td width="20%" align=left>1 - Code&nbsp;</td>
    <td align=left>2 - Description&nbsp;</td>
    <td width="13%" align=left>3 - 09/30/2009&nbsp;</td>
    <td width="13%" align=left>4 - 06/30/2009&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1&nbsp;</td>
    <td align=left>Total assets&nbsp;</td>
    <td align=right>21,039,547&nbsp;</td>
    <td align=right>20,826,704&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01&nbsp;</td>
    <td align=left>Current assets&nbsp;</td>
    <td align=right>2,080,292&nbsp;</td>
    <td align=right>2,307,462&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.01&nbsp;</td>
    <td align=left>Cash and cash equivalents&nbsp;</td>
    <td align=right>383,924&nbsp;</td>
    <td align=right>685,576&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.01.01&nbsp;</td>
    <td align=left>Cash and Cash Equivalents&nbsp;</td>
    <td align=right>383,799&nbsp;</td>
    <td align=right>685,081&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.01.02&nbsp;</td>
    <td align=left>Other cash and cash equivalents&nbsp;</td>
    <td align=right>125&nbsp;</td>
    <td align=right>495&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.02&nbsp;</td>
    <td align=left>Receivables&nbsp;</td>
    <td align=right>1,232,980&nbsp;</td>
    <td align=right>1,214,474&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.02.01&nbsp;</td>
    <td align=left>Trade accounts receivable&nbsp;</td>
    <td align=right>1,082,737&nbsp;</td>
    <td align=right>1,049,740&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.02.02&nbsp;</td>
    <td align=left>Sundry receivables&nbsp;</td>
    <td align=right>150,243&nbsp;</td>
    <td align=right>164,734&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.02.02.01&nbsp;</td>
    <td align=left>Balances and Transactions with Related Parties&nbsp;</td>
    <td align=right>150,243&nbsp;</td>
    <td align=right>164,734&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.03&nbsp;</td>
    <td align=left>Inventories&nbsp;</td>
    <td align=right>37,104&nbsp;</td>
    <td align=right>39,146&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.03.01&nbsp;</td>
    <td align=left>Storeroom supplies - operations&nbsp;</td>
    <td align=right>37,104&nbsp;</td>
    <td align=right>39,146&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.04&nbsp;</td>
    <td align=left>Others&nbsp;</td>
    <td align=right>426,284&nbsp;</td>
    <td align=right>368,266&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.04.01&nbsp;</td>
    <td align=left>Taxes Recoverable&nbsp;</td>
    <td align=right>3,524&nbsp;</td>
    <td align=right>3,197&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.04.02&nbsp;</td>
    <td align=left>Deferred Income Tax and Social Contribution&nbsp;</td>
    <td align=right>255,598&nbsp;</td>
    <td align=right>202,249&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.04.03&nbsp;</td>
    <td align=left>Agreement S&atilde;o Paulo&acute;s City Hall&nbsp;</td>
    <td align=right>117,433&nbsp;</td>
    <td align=right>129,647&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.01.04.04&nbsp;</td>
    <td align=left>Other receivables&nbsp;</td>
    <td align=right>49,729&nbsp;</td>
    <td align=right>33,173&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02&nbsp;</td>
    <td align=left>Non-current assets&nbsp;</td>
    <td align=right>18,959,255&nbsp;</td>
    <td align=right>18,519,242&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.01&nbsp;</td>
    <td align=left>Long-term assets&nbsp;</td>
    <td align=right>2,458,408&nbsp;</td>
    <td align=right>2,432,852&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.01.01&nbsp;</td>
    <td align=left>Sundry receivables&nbsp;</td>
    <td align=right>2,458,408&nbsp;</td>
    <td align=right>2,432,852&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.01.01.01&nbsp;</td>
    <td align=left>Trade accounts receivable&nbsp;</td>
    <td align=right>272,748&nbsp;</td>
    <td align=right>276,990&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.01.01.02&nbsp;</td>
    <td align=left>Balances and Transactions with Related Parties&nbsp;</td>
    <td align=right>1,403,798&nbsp;</td>
    <td align=right>1,401,365&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.01.01.03&nbsp;</td>
    <td align=left>Indemnities receivable&nbsp;</td>
    <td align=right>146,213&nbsp;</td>
    <td align=right>146,213&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.01.01.04&nbsp;</td>
    <td align=left>Judicial deposits&nbsp;</td>
    <td align=right>44,647&nbsp;</td>
    <td align=right>51,949&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.01.01.05&nbsp;</td>
    <td align=left>Deferred Income Tax and Social Contribution&nbsp;</td>
    <td align=right>493,283&nbsp;</td>
    <td align=right>458,890&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.01.01.06&nbsp;</td>
    <td align=left>Other accounts receivable&nbsp;</td>
    <td align=right>97,719&nbsp;</td>
    <td align=right>97,445&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.01.02&nbsp;</td>
    <td align=left>Intercompany receivables&nbsp;</td>
    <td align=right>0&nbsp;</td>
    <td align=right>0&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.01.02.01&nbsp;</td>
    <td align=left>Affiliates&nbsp;</td>
    <td align=right>0&nbsp;</td>
    <td align=right>0&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.01.02.02&nbsp;</td>
    <td align=left>Subsidiaries&nbsp;</td>
    <td align=right>0&nbsp;</td>
    <td align=right>0&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.01.02.03&nbsp;</td>
    <td align=left>Other related parties&nbsp;</td>
    <td align=right>0&nbsp;</td>
    <td align=right>0&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.01.03&nbsp;</td>
    <td align=left>Others&nbsp;</td>
    <td align=right>0&nbsp;</td>
    <td align=right>0&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.02&nbsp;</td>
    <td align=left>Permanent assets&nbsp;</td>
    <td align=right>18,500,847&nbsp;</td>
    <td align=right>16,086,390&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.02.01&nbsp;</td>
    <td align=left>Investments&nbsp;</td>
    <td align=right>4,412&nbsp;</td>
    <td align=right>4,442&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.02.01.01&nbsp;</td>
    <td align=left>In affiliated companies&nbsp;</td>
    <td align=right>0&nbsp;</td>
    <td align=right>0&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.02.01.02&nbsp;</td>
    <td align=left>In affiliated companies - goodwill&nbsp;</td>
    <td align=right>0&nbsp;</td>
    <td align=right>0&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.02.01.03&nbsp;</td>
    <td align=left>In subsidiaries&nbsp;</td>
    <td align=right>3,692&nbsp;</td>
    <td align=right>3,722&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.02.01.04&nbsp;</td>
    <td align=left>In subsidiaries - goodwill&nbsp;</td>
    <td align=right>0&nbsp;</td>
    <td align=right>0&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.02.01.05&nbsp;</td>
    <td align=left>Other investments&nbsp;</td>
    <td align=right>0&nbsp;</td>
    <td align=right>0&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.02.01.06&nbsp;</td>
    <td align=left>Shares in other companies&nbsp;</td>
    <td align=right>698&nbsp;</td>
    <td align=right>698&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.02.01.07&nbsp;</td>
    <td align=left>Compulsory deposits - Eletrobr&aacute;s&nbsp;</td>
    <td align=right>22&nbsp;</td>
    <td align=right>22&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.02.02&nbsp;</td>
    <td align=left>Property, plant and equipment&nbsp;</td>
    <td align=right>15,402,918&nbsp;</td>
    <td align=right>14,988,107&nbsp;</td>
  </tr>
  <tr valign="bottom">
    <td align=left>1.02.02.02.01&nbsp;</td>
    <td align=left>Property, plant and equipment&nbsp;</td>
    <td align=right>11,945,030&nbsp;</td>
    <td align=right>11,939,140&nbsp;</td>
  </tr>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>4 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_5"></A>

<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="20%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=left>3 - 09/30/2009&nbsp;</TD>
	<TD width="13%" align=left>4 - 06/30/2009&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.02.02&nbsp;</TD>
	<TD align=left>Construction in progress&nbsp;</TD>
	<TD align=right>3,457,888&nbsp;</TD>
	<TD align=right>3,048,967&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.03&nbsp;</TD>
	<TD align=left>Intangible&nbsp;</TD>
	<TD align=right>1,093,517&nbsp;</TD>
	<TD align=right>1,093,841&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.04&nbsp;</TD>
	<TD align=left>Deferred charges&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>
</TABLE>
<p><BR>
</p>
<p>&nbsp;</p>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=100%></TD></TR>
<TR valign="bottom">
	<TD align=right><B>Page: </B>5&nbsp;</TD>
</TR>
</TABLE><BR>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_6"></A>

<P>
<B>02.02 - BALANCE SHEET - LIABILITIES AND SHAREHOLDERS' EQUITY (In thousands of Brazilian reais - R&#36;)</B> </P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="20%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=right>3 - 09/30/2009&nbsp;</TD>
	<TD width="13%" align=right>4 - 06/30/2009&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2&nbsp;</TD>
	<TD align=left>Total liabilities and shareholders' equity&nbsp;</TD>
	<TD align=right>21,039,547&nbsp;</TD>
	<TD align=right>20,826,704&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01&nbsp;</TD>
	<TD align=left>Current liabilities&nbsp;</TD>
	<TD align=right>3,539,289&nbsp;</TD>
	<TD align=right>3,287,914&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.01&nbsp;</TD>
	<TD align=left>Loans and financing&nbsp;</TD>
	<TD align=right>1,227,130&nbsp;</TD>
	<TD align=right>1,192,173&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.02&nbsp;</TD>
	<TD align=left>Debentures&nbsp;</TD>
	<TD align=right>392,287&nbsp;</TD>
	<TD align=right>422,139&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.02.01&nbsp;</TD>
	<TD align=left>6<SUP>th </SUP>issue of debentures&nbsp;</TD>
	<TD align=right>225,932&nbsp;</TD>
	<TD align=right>237,372&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.02.02&nbsp;</TD>
	<TD align=left>7<SUP>th </SUP>issue of debentures&nbsp;</TD>
	<TD align=right>121,476&nbsp;</TD>
	<TD align=right>121,968&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.02.03&nbsp;</TD>
	<TD align=left>Interest on debentures&nbsp;</TD>
	<TD align=right>44,879&nbsp;</TD>
	<TD align=right>62,799&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.03&nbsp;</TD>
	<TD align=left>Trade accounts payable&nbsp;</TD>
	<TD align=right>230,722&nbsp;</TD>
	<TD align=right>182,893&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04&nbsp;</TD>
	<TD align=left>Taxes and contributions payable&nbsp;</TD>
	<TD align=right>193,452&nbsp;</TD>
	<TD align=right>145,582&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04.01&nbsp;</TD>
	<TD align=left>Income tax&nbsp;</TD>
	<TD align=right>60,243&nbsp;</TD>
	<TD align=right>29,827&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04.02&nbsp;</TD>
	<TD align=left>Social contribution&nbsp;</TD>
	<TD align=right>22,975&nbsp;</TD>
	<TD align=right>13,478&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04.03&nbsp;</TD>
	<TD align=left>PAES (Tax debt refinancing program)</TD>
	<TD align=right>33,674&nbsp;</TD>
	<TD align=right>33,336&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04.04&nbsp;</TD>
	<TD align=left>COFINS and PASEP (Taxes on revenue)</TD>
	<TD align=right>35,860&nbsp;</TD>
	<TD align=right>32,232&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04.05&nbsp;</TD>
	<TD align=left>INSS (Social security contribution)</TD>
	<TD align=right>21,734&nbsp;</TD>
	<TD align=right>22,312&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04.06&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>18,966&nbsp;</TD>
	<TD align=right>14,397&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.05&nbsp;</TD>
	<TD align=left>Dividends payable&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06&nbsp;</TD>
	<TD align=left>Provisions&nbsp;</TD>
	<TD align=right>604,542&nbsp;</TD>
	<TD align=right>471,755&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06.01&nbsp;</TD>
	<TD align=left>For Tax Contingencies&nbsp;</TD>
	<TD align=right>529&nbsp;</TD>
	<TD align=right>527&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06.02&nbsp;</TD>
	<TD align=left>For Civil Contingencies&nbsp;</TD>
	<TD align=right>26,545&nbsp;</TD>
	<TD align=right>16,284&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06.03&nbsp;</TD>
	<TD align=left>For Contingencies with Suppliers&nbsp;</TD>
	<TD align=right>180,255&nbsp;</TD>
	<TD align=right>153,887&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06.04&nbsp;</TD>
	<TD align=left>For Contingencies with Customers&nbsp;</TD>
	<TD align=right>381,785&nbsp;</TD>
	<TD align=right>280,190&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06.05&nbsp;</TD>
	<TD align=left>For Environmental Contingencies&nbsp;</TD>
	<TD align=right>94&nbsp;</TD>
	<TD align=right>7,478&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06.06&nbsp;</TD>
	<TD align=left>For Labor Contingencies&nbsp;</TD>
	<TD align=right>15,334&nbsp;</TD>
	<TD align=right>13,389&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.07&nbsp;</TD>
	<TD align=left>Intercompany payables&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>891,156&nbsp;</TD>
	<TD align=right>873,372&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.01&nbsp;</TD>
	<TD align=left>Payroll and related charges&nbsp;</TD>
	<TD align=right>349,895&nbsp;</TD>
	<TD align=right>340,181&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.02&nbsp;</TD>
	<TD align=left>Accounts Payable&nbsp;</TD>
	<TD align=right>173,728&nbsp;</TD>
	<TD align=right>167,834&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.03&nbsp;</TD>
	<TD align=left>Interest on capital payable&nbsp;</TD>
	<TD align=right>128,656&nbsp;</TD>
	<TD align=right>128,656&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.04&nbsp;</TD>
	<TD align=left>Deferred taxes and contributions&nbsp;</TD>
	<TD align=right>44,570&nbsp;</TD>
	<TD align=right>47,289&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.05&nbsp;</TD>
	<TD align=left>Refundable amounts&nbsp;</TD>
	<TD align=right>48,154&nbsp;</TD>
	<TD align=right>47,072&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.06&nbsp;</TD>
	<TD align=left>Commitments of Program Contracts&nbsp;</TD>
	<TD align=right>44,551&nbsp;</TD>
	<TD align=right>52,674&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.07&nbsp;</TD>
	<TD align=left>Agreement S&atilde;o Paulo&acute;s City Hall&nbsp;</TD>
	<TD align=right>65,527&nbsp;</TD>
	<TD align=right>62,231&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.08&nbsp;</TD>
	<TD align=left>Public Private Partnership&nbsp;</TD>
	<TD align=right>17,615&nbsp;</TD>
	<TD align=right>15,399&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.09&nbsp;</TD>
	<TD align=left>Other payables&nbsp;</TD>
	<TD align=right>18,460&nbsp;</TD>
	<TD align=right>12,036&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02&nbsp;</TD>
	<TD align=left>Non-current liabilities&nbsp;</TD>
	<TD align=right>6,230,203&nbsp;</TD>
	<TD align=right>6,464,462&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01&nbsp;</TD>
	<TD align=left>Long-term liabilities&nbsp;</TD>
	<TD align=right>6,230,203&nbsp;</TD>
	<TD align=right>6,464,462&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.01&nbsp;</TD>
	<TD align=left>Loans and financing&nbsp;</TD>
	<TD align=right>3,813,567&nbsp;</TD>
	<TD align=right>3,982,084&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.02&nbsp;</TD>
	<TD align=left>Debentures&nbsp;</TD>
	<TD align=right>641,134&nbsp;</TD>
	<TD align=right>868,831&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.02.01&nbsp;</TD>
	<TD align=left>6<SUP>th </SUP>issue of debentures&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>226,848&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.02.02&nbsp;</TD>
	<TD align=left>8<SUP>th </SUP>issue of debentures&nbsp;</TD>
	<TD align=right>418,863&nbsp;</TD>
	<TD align=right>420,561&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.02.03&nbsp;</TD>
	<TD align=left>9<SUP>th </SUP>issue of debentures&nbsp;</TD>
	<TD align=right>222,271&nbsp;</TD>
	<TD align=right>221,422&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>6 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_7"></A>

<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="20%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=right>3 - 09/30/2009&nbsp;</TD>
	<TD width="13%" align=right>4 - 06/30/2009&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03&nbsp;</TD>
	<TD align=left>Provisions&nbsp;</TD>
	<TD align=right>741,712&nbsp;</TD>
	<TD align=right>654,108&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03.01&nbsp;</TD>
	<TD align=left>For Tax Contingencies&nbsp;</TD>
	<TD align=right>28,430&nbsp;</TD>
	<TD align=right>25,585&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03.02&nbsp;</TD>
	<TD align=left>For Civil Contingencies&nbsp;</TD>
	<TD align=right>136,214&nbsp;</TD>
	<TD align=right>144,179&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03.03&nbsp;</TD>
	<TD align=left>For Contingencies with Suppliers&nbsp;</TD>
	<TD align=right>149,585&nbsp;</TD>
	<TD align=right>29,049&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03.04&nbsp;</TD>
	<TD align=left>For Contingencies with Customers&nbsp;</TD>
	<TD align=right>338,325&nbsp;</TD>
	<TD align=right>377,229&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03.05&nbsp;</TD>
	<TD align=left>For Environmental Contingencies&nbsp;</TD>
	<TD align=right>59,641&nbsp;</TD>
	<TD align=right>49,888&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03.06&nbsp;</TD>
	<TD align=left>For Labor Contingencies&nbsp;</TD>
	<TD align=right>29,537&nbsp;</TD>
	<TD align=right>28,178&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.04&nbsp;</TD>
	<TD align=left>Intercompany payables&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.05&nbsp;</TD>
	<TD align=left>Advance for future capital increase&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>1,033,790&nbsp;</TD>
	<TD align=right>959,439&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.01&nbsp;</TD>
	<TD align=left>Deferred taxes and contributions&nbsp;</TD>
	<TD align=right>151,961&nbsp;</TD>
	<TD align=right>149,756&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.02&nbsp;</TD>
	<TD align=left>PAES (Tax debt refinancing program)</TD>
	<TD align=right>92,602&nbsp;</TD>
	<TD align=right>100,007&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.03&nbsp;</TD>
	<TD align=left>Social security charges&nbsp;</TD>
	<TD align=right>464,525&nbsp;</TD>
	<TD align=right>449,568&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.04&nbsp;</TD>
	<TD align=left>Indemnities&nbsp;</TD>
	<TD align=right>41,209&nbsp;</TD>
	<TD align=right>42,490&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.05&nbsp;</TD>
	<TD align=left>Commitments of Program Contracts&nbsp;</TD>
	<TD align=right>119,452&nbsp;</TD>
	<TD align=right>110,446&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.06&nbsp;</TD>
	<TD align=left>Public Private Partnership&nbsp;</TD>
	<TD align=right>67,414&nbsp;</TD>
	<TD align=right>36,939&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.07&nbsp;</TD>
	<TD align=left>Other payables&nbsp;</TD>
	<TD align=right>96,627&nbsp;</TD>
	<TD align=right>70,233&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.03&nbsp;</TD>
	<TD align=left>Deferred income&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05&nbsp;</TD>
	<TD align=left>Shareholders' equity&nbsp;</TD>
	<TD align=right>11,270,055&nbsp;</TD>
	<TD align=right>11,074,328&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.01&nbsp;</TD>
	<TD align=left>Capital&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.02&nbsp;</TD>
	<TD align=left>Capital reserves&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.02.01&nbsp;</TD>
	<TD align=left>Recourse for projects&nbsp;</TD>
	<TD align=right>108,475&nbsp;</TD>
	<TD align=right>108,475&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.02.02&nbsp;</TD>
	<TD align=left>Incentive reserve&nbsp;</TD>
	<TD align=right>15,780&nbsp;</TD>
	<TD align=right>15,780&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.03&nbsp;</TD>
	<TD align=left>Revaluation reserves&nbsp;</TD>
	<TD align=right>2,185,646&nbsp;</TD>
	<TD align=right>2,207,324&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.03.01&nbsp;</TD>
	<TD align=left>Own assets&nbsp;</TD>
	<TD align=right>2,185,646&nbsp;</TD>
	<TD align=right>2,207,324&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.03.02&nbsp;</TD>
	<TD align=left>Subsidiaries/Affiliates&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04&nbsp;</TD>
	<TD align=left>Revenue reserves&nbsp;</TD>
	<TD align=right>1,911,474&nbsp;</TD>
	<TD align=right>1,911,474&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.01&nbsp;</TD>
	<TD align=left>Legal&nbsp;</TD>
	<TD align=right>357,058&nbsp;</TD>
	<TD align=right>357,058&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.02&nbsp;</TD>
	<TD align=left>Statutory&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.03&nbsp;</TD>
	<TD align=left>For contingencies&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.04&nbsp;</TD>
	<TD align=left>Unrealized profit&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.05&nbsp;</TD>
	<TD align=left>Profit retention&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.06&nbsp;</TD>
	<TD align=left>Special for unpaid dividends&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.07&nbsp;</TD>
	<TD align=left>Other profit reserves&nbsp;</TD>
	<TD align=right>1,554,416&nbsp;</TD>
	<TD align=right>1,554,416&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.07.01&nbsp;</TD>
	<TD align=left>Reserve for investments&nbsp;</TD>
	<TD align=right>1,554,416&nbsp;</TD>
	<TD align=right>1,554,416&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.05&nbsp;</TD>
	<TD align=left>Adjustments of Equity Evaluation&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.05.01&nbsp;</TD>
	<TD align=left>Adjustments of Marketable Securities&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.05.02&nbsp;</TD>
	<TD align=left>Conversion Accumulated Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.05.03&nbsp;</TD>
	<TD align=left>Business Combination Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.06&nbsp;</TD>
	<TD align=left>Retained earnings (accumulated deficit)</TD>
	<TD align=right>844,992&nbsp;</TD>
	<TD align=right>627,587&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.07&nbsp;</TD>
	<TD align=left>Advance for future capital increase&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>7 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_8"></A>

<P>
<B>03.01 - STATEMENT OF INCOME (In thousands of Brazilian reais - R&#36;) </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">


<TR valign="bottom">
	<TD width="13%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=center>1 - 07/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>2 - 01/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>3 - 07/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
	<TD width="13%" align=center>4 - 01/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>3.01&nbsp;</TD>
	<TD align=left>Gross revenue from sales and/or services&nbsp;</TD>
	<TD align=right>1,749,076&nbsp;</TD>
	<TD align=right>5,272,095&nbsp;</TD>
	<TD align=right>1,717,266&nbsp;</TD>
	<TD align=right>5,003,222&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.02&nbsp;</TD>
	<TD align=left>Gross revenue deductions&nbsp;</TD>
	<TD align=right>(120,105)</TD>
	<TD align=right>(366,135)</TD>
	<TD align=right>(124,221)</TD>
	<TD align=right>(356,756)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.03&nbsp;</TD>
	<TD align=left>Net revenue from sales and/or services&nbsp;</TD>
	<TD align=right>1,628,971&nbsp;</TD>
	<TD align=right>4,905,960&nbsp;</TD>
	<TD align=right>1,593,045&nbsp;</TD>
	<TD align=right>4,646,466&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.04&nbsp;</TD>
	<TD align=left>Cost of sales and/or services&nbsp;</TD>
	<TD align=right>(762,094)</TD>
	<TD align=right>(2,427,366)</TD>
	<TD align=right>(708,200)</TD>
	<TD align=right>(2,075,690)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.05&nbsp;</TD>
	<TD align=left>Gross profit&nbsp;</TD>
	<TD align=right>866,877&nbsp;</TD>
	<TD align=right>2,478,594&nbsp;</TD>
	<TD align=right>884,845&nbsp;</TD>
	<TD align=right>2,570,776&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06&nbsp;</TD>
	<TD align=left>Operating (expenses) income&nbsp;</TD>
	<TD align=right>(561,308)</TD>
	<TD align=right>(1,130,470)</TD>
	<TD align=right>(520,608)</TD>
	<TD align=right>(1,272,178)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.01&nbsp;</TD>
	<TD align=left>Selling&nbsp;</TD>
	<TD align=right>(201,415)</TD>
	<TD align=right>(597,238)</TD>
	<TD align=right>(163,590)</TD>
	<TD align=right>(527,173)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.02&nbsp;</TD>
	<TD align=left>General and administrative&nbsp;</TD>
	<TD align=right>(209,855)</TD>
	<TD align=right>(458,461)</TD>
	<TD align=right>(184,122)</TD>
	<TD align=right>(401,141)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03&nbsp;</TD>
	<TD align=left>Financial&nbsp;</TD>
	<TD align=right>(157,027)</TD>
	<TD align=right>(89,465)</TD>
	<TD align=right>(47,544)</TD>
	<TD align=right>(229,275)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03.01&nbsp;</TD>
	<TD align=left>Financial income&nbsp;</TD>
	<TD align=right>40,735&nbsp;</TD>
	<TD align=right>153,569&nbsp;</TD>
	<TD align=right>403,267&nbsp;</TD>
	<TD align=right>499,476&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03.01.01&nbsp;</TD>
	<TD align=left>Financial income&nbsp;</TD>
	<TD align=right>40,602&nbsp;</TD>
	<TD align=right>160,938&nbsp;</TD>
	<TD align=right>406,682&nbsp;</TD>
	<TD align=right>502,356&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03.01.02&nbsp;</TD>
	<TD align=left>Exchange gains&nbsp;</TD>
	<TD align=right>133&nbsp;</TD>
	<TD align=right>(7,369)</TD>
	<TD align=right>(3,415)</TD>
	<TD align=right>(2,880)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03.02&nbsp;</TD>
	<TD align=left>Financial expenses&nbsp;</TD>
	<TD align=right>(197,762)</TD>
	<TD align=right>(243,034)</TD>
	<TD align=right>(450,811)</TD>
	<TD align=right>(728,751)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03.02.01&nbsp;</TD>
	<TD align=left>Financial expenses&nbsp;</TD>
	<TD align=right>(301,524)</TD>
	<TD align=right>(617,490)</TD>
	<TD align=right>(238,609)</TD>
	<TD align=right>(609,392)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03.02.02&nbsp;</TD>
	<TD align=left>Exchange (losses) gains&nbsp;</TD>
	<TD align=right>103,762&nbsp;</TD>
	<TD align=right>374,456&nbsp;</TD>
	<TD align=right>(212,202)</TD>
	<TD align=right>(119,359)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.04&nbsp;</TD>
	<TD align=left>Other operating income&nbsp;</TD>
	<TD align=right>15,506&nbsp;</TD>
	<TD align=right>33,570&nbsp;</TD>
	<TD align=right>15,582&nbsp;</TD>
	<TD align=right>34,579&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.04.01&nbsp;</TD>
	<TD align=left>Other operating income&nbsp;</TD>
	<TD align=right>17,087&nbsp;</TD>
	<TD align=right>36,992&nbsp;</TD>
	<TD align=right>16,637&nbsp;</TD>
	<TD align=right>38,962&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.04.02&nbsp;</TD>
	<TD align=left>COFINS and PASEP (Taxes on revenue)</TD>
	<TD align=right>(1,581)</TD>
	<TD align=right>(3,422)</TD>
	<TD align=right>(1,055)</TD>
	<TD align=right>(4,383)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.05&nbsp;</TD>
	<TD align=left>Other operating expenses&nbsp;</TD>
	<TD align=right>(8,487)</TD>
	<TD align=right>(18,736)</TD>
	<TD align=right>(140,934)</TD>
	<TD align=right>(149,168)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.05.01&nbsp;</TD>
	<TD align=left>Loss on write-off of property, plant and equipment&nbsp;</TD>
	<TD align=right>(5,702)</TD>
	<TD align=right>(11,750)</TD>
	<TD align=right>(139,704)</TD>
	<TD align=right>(146,395)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.05.02&nbsp;</TD>
	<TD align=left>Provision for Losses with Tax Incentives&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(300)</TD>
	<TD align=right>(100)</TD>
	<TD align=right>(100)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.05.03&nbsp;</TD>
	<TD align=left>Tax Incentives&nbsp;</TD>
	<TD align=right>(1,250)</TD>
	<TD align=right>(4,322)</TD>
	<TD align=right>(749)</TD>
	<TD align=right>(1,859)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.05.04&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>(1,535)</TD>
	<TD align=right>(2,364)</TD>
	<TD align=right>(381)</TD>
	<TD align=right>(814)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.06&nbsp;</TD>
	<TD align=left>Equity in the results of subsidiaries&nbsp;</TD>
	<TD align=right>(30)</TD>
	<TD align=right>(140)</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.07&nbsp;</TD>
	<TD align=left>Income from operations&nbsp;</TD>
	<TD align=right>305,569&nbsp;</TD>
	<TD align=right>1,348,124&nbsp;</TD>
	<TD align=right>364,237&nbsp;</TD>
	<TD align=right>1,298,598&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.08&nbsp;</TD>
	<TD align=left>Non-operating income (expenses)</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.08.01&nbsp;</TD>
	<TD align=left>Income&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.08.02&nbsp;</TD>
	<TD align=left>Expenses&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>8 </P>


<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_9"></A>

<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">


<TR valign="bottom">
	<TD width="13%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=center>1 - 07/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>2 - 01/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>3 - 07/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
	<TD width="13%" align=center>4 - 01/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>3.09&nbsp;</TD>
	<TD align=left>Income before taxes and profit sharing&nbsp;</TD>
	<TD align=right>305,569&nbsp;</TD>
	<TD align=right>1,348,124&nbsp;</TD>
	<TD align=right>364,237&nbsp;</TD>
	<TD align=right>1,298,598&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.10&nbsp;</TD>
	<TD align=left>Provision for income tax and social contribution&nbsp;</TD>
	<TD align=right>(198,822)</TD>
	<TD align=right>(576,057)</TD>
	<TD align=right>(176,993)</TD>
	<TD align=right>(500,674)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.10.01&nbsp;</TD>
	<TD align=left>Provision for income tax&nbsp;</TD>
	<TD align=right>(145,564)</TD>
	<TD align=right>(422,056)</TD>
	<TD align=right>(129,774)</TD>
	<TD align=right>(367,264)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.10.02&nbsp;</TD>
	<TD align=left>Provision for social contribution&nbsp;</TD>
	<TD align=right>(53,258)</TD>
	<TD align=right>(154,001)</TD>
	<TD align=right>(47,219)</TD>
	<TD align=right>(133,410)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.11&nbsp;</TD>
	<TD align=left>Deferred income tax&nbsp;</TD>
	<TD align=right>88,980&nbsp;</TD>
	<TD align=right>144,539&nbsp;</TD>
	<TD align=right>43,842&nbsp;</TD>
	<TD align=right>96,906&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.11.01&nbsp;</TD>
	<TD align=left>Deferred income tax&nbsp;</TD>
	<TD align=right>65,192&nbsp;</TD>
	<TD align=right>106,044&nbsp;</TD>
	<TD align=right>32,237&nbsp;</TD>
	<TD align=right>73,074&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.11.02&nbsp;</TD>
	<TD align=left>Deferred social contribution&nbsp;</TD>
	<TD align=right>23,788&nbsp;</TD>
	<TD align=right>38,495&nbsp;</TD>
	<TD align=right>11,605&nbsp;</TD>
	<TD align=right>23,832&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.12&nbsp;</TD>
	<TD align=left>Statutory profit sharing/contributions&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.12.01&nbsp;</TD>
	<TD align=left>Profit sharing&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.12.02&nbsp;</TD>
	<TD align=left>Contributions&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.13&nbsp;</TD>
	<TD align=left>Reversal of interest on capital&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.15&nbsp;</TD>
	<TD align=left>Net income (loss)</TD>
	<TD align=right>195,727&nbsp;</TD>
	<TD align=right>916,606&nbsp;</TD>
	<TD align=right>231,086&nbsp;</TD>
	<TD align=right>894,830&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD align=left>Number of shares, former treasury shares (thousands)</TD>
	<TD align=right>227,836&nbsp;</TD>
	<TD align=right>227,836&nbsp;</TD>
	<TD align=right>227,836&nbsp;</TD>
	<TD align=right>227,836&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD align=left>EARNINGS PER SHARE (Reais)</TD>
	<TD align=right>0.85907&nbsp;</TD>
	<TD align=right>4.02310&nbsp;</TD>
	<TD align=right>1.01426&nbsp;</TD>
	<TD align=right>3.92752&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD align=left>LOSS PER SHARE (Reais)</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>9 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_10"></A>

<P>
<B>04.01 - STATEMENT OF CASH FLOWS - INDIRECT METHOD (In thousands of Brazilian reais - R&#36;) </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">

<TR valign="bottom">
	<TD width="13%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=center>1 - 07/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>2 - 01/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>3 - 07/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
	<TD width="13%" align=center>4 - 01/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>4.01&nbsp;</TD>
	<TD align=left>Net Cash from Operating Activities&nbsp;</TD>
	<TD align=right>555,754&nbsp;</TD>
	<TD align=right>1,624,198&nbsp;</TD>
	<TD align=right>518,735&nbsp;</TD>
	<TD align=right>1,483,623&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01&nbsp;</TD>
	<TD align=left>Cash Generated from Operations&nbsp;</TD>
	<TD align=right>818,018&nbsp;</TD>
	<TD align=right>2,696,925&nbsp;</TD>
	<TD align=right>923,653&nbsp;</TD>
	<TD align=right>2,772,059&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.01&nbsp;</TD>
	<TD align=left>Income before Income Tax and Social Contribution&nbsp;</TD>
	<TD align=right>305,569&nbsp;</TD>
	<TD align=right>1,348,124&nbsp;</TD>
	<TD align=right>364,237&nbsp;</TD>
	<TD align=right>1,298,598&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.02&nbsp;</TD>
	<TD align=left>Deferred Taxes and Contributions&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.03&nbsp;</TD>
	<TD align=left>Taxes and Contributions Payable&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(68,878)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.04&nbsp;</TD>
	<TD align=left>Provision for Contingencies&nbsp;</TD>
	<TD align=right>270,746&nbsp;</TD>
	<TD align=right>425,534&nbsp;</TD>
	<TD align=right>164,047&nbsp;</TD>
	<TD align=right>390,599&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.05&nbsp;</TD>
	<TD align=left>Reversal of Provision for Losses&nbsp;</TD>
	<TD align=right>(222)</TD>
	<TD align=right>846&nbsp;</TD>
	<TD align=right>(168)</TD>
	<TD align=right>(254)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.06&nbsp;</TD>
	<TD align=left>Other Provisions&nbsp;</TD>
	<TD align=right>88&nbsp;</TD>
	<TD align=right>316&nbsp;</TD>
	<TD align=right>135&nbsp;</TD>
	<TD align=right>373&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.07&nbsp;</TD>
	<TD align=left>Social Security Obligations&nbsp;</TD>
	<TD align=right>19,178&nbsp;</TD>
	<TD align=right>57,365&nbsp;</TD>
	<TD align=right>17,575&nbsp;</TD>
	<TD align=right>52,747&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.08&nbsp;</TD>
	<TD align=left>Write-off of Fixed Assets&nbsp;</TD>
	<TD align=right>5,702&nbsp;</TD>
	<TD align=right>11,750&nbsp;</TD>
	<TD align=right>139,704&nbsp;</TD>
	<TD align=right>146,395&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.09&nbsp;</TD>
	<TD align=left>Write-off of Deferred Asset&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>7&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.10&nbsp;</TD>
	<TD align=left>Write-off of Investments&nbsp;</TD>
	<TD align=right>4,542&nbsp;</TD>
	<TD align=right>4,542&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.11&nbsp;</TD>
	<TD align=left>Depreciation and Amortization&nbsp;</TD>
	<TD align=right>161,479&nbsp;</TD>
	<TD align=right>484,654&nbsp;</TD>
	<TD align=right>160,302&nbsp;</TD>
	<TD align=right>465,371&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.12&nbsp;</TD>
	<TD align=left>Intersts on Loans and Financings Payable&nbsp;</TD>
	<TD align=right>114,336&nbsp;</TD>
	<TD align=right>348,658&nbsp;</TD>
	<TD align=right>125,315&nbsp;</TD>
	<TD align=right>362,487&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.13&nbsp;</TD>
	<TD align=left>Monetary and Foreign Exchange Variation on Loans and Financings&nbsp;</TD>
	<TD align=right>(106,635)</TD>
	<TD align=right>(376,288)</TD>
	<TD align=right>240,089&nbsp;</TD>
	<TD align=right>220,472&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.14&nbsp;</TD>
	<TD align=left>Monetary Variations of Interest on Capital&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>7,338&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.15&nbsp;</TD>
	<TD align=left>Interest and Monetary Variations Expense&nbsp;</TD>
	<TD align=right>1,323&nbsp;</TD>
	<TD align=right>4,345&nbsp;</TD>
	<TD align=right>1,730&nbsp;</TD>
	<TD align=right>6,637&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.16&nbsp;</TD>
	<TD align=left>Interest and Monetary Variations Income&nbsp;</TD>
	<TD align=right>(6,537)</TD>
	<TD align=right>(16,046)</TD>
	<TD align=right>(350,158)</TD>
	<TD align=right>(362,452)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.17&nbsp;</TD>
	<TD align=left>Allowance for Doubtful Accounts&nbsp;</TD>
	<TD align=right>71,509&nbsp;</TD>
	<TD align=right>234,658&nbsp;</TD>
	<TD align=right>60,845&nbsp;</TD>
	<TD align=right>252,619&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.18&nbsp;</TD>
	<TD align=left>Prov. For Term of Conduct Adjustment (TAC)</TD>
	<TD align=right>(26,386)</TD>
	<TD align=right>102,800&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.19&nbsp;</TD>
	<TD align=left>Other Provisions&nbsp;</TD>
	<TD align=right>3,296&nbsp;</TD>
	<TD align=right>65,527&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.20&nbsp;</TD>
	<TD align=left>Equity in the results of investees&nbsp;</TD>
	<TD align=right>30&nbsp;</TD>
	<TD align=right>140&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02&nbsp;</TD>
	<TD align=left>Variation to Assets and Liabilities&nbsp;</TD>
	<TD align=right>(262,264)</TD>
	<TD align=right>(1,072,727)</TD>
	<TD align=right>(404,918)</TD>
	<TD align=right>(1,288,436)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.01&nbsp;</TD>
	<TD align=left>Trade accounts Receivable&nbsp;</TD>
	<TD align=right>(97,781)</TD>
	<TD align=right>(132,226)</TD>
	<TD align=right>(83,040)</TD>
	<TD align=right>(202,306)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.02&nbsp;</TD>
	<TD align=left>Balances and Transactions with Related Parties&nbsp;</TD>
	<TD align=right>13,347&nbsp;</TD>
	<TD align=right>51,069&nbsp;</TD>
	<TD align=right>(32,735)</TD>
	<TD align=right>101,972&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.03&nbsp;</TD>
	<TD align=left>Inventories&nbsp;</TD>
	<TD align=right>2,263&nbsp;</TD>
	<TD align=right>9,728&nbsp;</TD>
	<TD align=right>2,271&nbsp;</TD>
	<TD align=right>13,232&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.04&nbsp;</TD>
	<TD align=left>Taxes Recoverable&nbsp;</TD>
	<TD align=right>(328)</TD>
	<TD align=right>1,141&nbsp;</TD>
	<TD align=right>721&nbsp;</TD>
	<TD align=right>6,640&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.05&nbsp;</TD>
	<TD align=left>Other Accounts Receivable&nbsp;</TD>
	<TD align=right>(3,614)</TD>
	<TD align=right>(21,689)</TD>
	<TD align=right>(33,352)</TD>
	<TD align=right>(99,786)</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>10 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>


<A name="page_11"></A>

<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">


<TR valign="bottom">
	<TD width="13%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=center>1 - 07/01/2009&nbsp;to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>2 - 01/01/2009&nbsp;to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>3 - 07/01/2008&nbsp;to 09/30/2008&nbsp;</TD>
	<TD width="13%" align=center>4 - 01/01/2008&nbsp;to 09/30/2008&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>4.01.02.06&nbsp;</TD>
	<TD align=left>Judicial Deposits&nbsp;</TD>
	<TD align=right>(15,011)</TD>
	<TD align=right>(29,130)</TD>
	<TD align=right>(27,931)</TD>
	<TD align=right>(37,389)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.07&nbsp;</TD>
	<TD align=left>Indemnities Receivable&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>2,581&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.08&nbsp;</TD>
	<TD align=left>Contractors and Suppliers&nbsp;</TD>
	<TD align=right>47,623&nbsp;</TD>
	<TD align=right>26,154&nbsp;</TD>
	<TD align=right>(353)</TD>
	<TD align=right>(18,403)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.09&nbsp;</TD>
	<TD align=left>Salaries, Provisions and Social Security Obligations&nbsp;</TD>
	<TD align=right>36,099&nbsp;</TD>
	<TD align=right>51,039&nbsp;</TD>
	<TD align=right>53,490&nbsp;</TD>
	<TD align=right>83,115&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.10&nbsp;</TD>
	<TD align=left>Withholding Tax on Interest on Shareholders' Capital&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>14,371&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.11&nbsp;</TD>
	<TD align=left>Taxes and Contributions Payable&nbsp;</TD>
	<TD align=right>(5,425)</TD>
	<TD align=right>(68,675)</TD>
	<TD align=right>(9,463)</TD>
	<TD align=right>(51,727)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.12&nbsp;</TD>
	<TD align=left>Accounts Payable&nbsp;</TD>
	<TD align=right>(3,111)</TD>
	<TD align=right>1,519&nbsp;</TD>
	<TD align=right>25,816&nbsp;</TD>
	<TD align=right>8,329&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.13&nbsp;</TD>
	<TD align=left>Other Obligations&nbsp;</TD>
	<TD align=right>74,225&nbsp;</TD>
	<TD align=right>128,570&nbsp;</TD>
	<TD align=right>12,015&nbsp;</TD>
	<TD align=right>10,309&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.14&nbsp;</TD>
	<TD align=left>Contingencies&nbsp;</TD>
	<TD align=right>(26,233)</TD>
	<TD align=right>(195,437)</TD>
	<TD align=right>(82,938)</TD>
	<TD align=right>(272,884)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.15&nbsp;</TD>
	<TD align=left>Pension Plan&nbsp;</TD>
	<TD align=right>(4,219)</TD>
	<TD align=right>(12,711)</TD>
	<TD align=right>(4,109)</TD>
	<TD align=right>(12,265)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.16&nbsp;</TD>
	<TD align=left>Interest Paid&nbsp;</TD>
	<TD align=right>(126,568)</TD>
	<TD align=right>(407,019)</TD>
	<TD align=right>(136,076)</TD>
	<TD align=right>(389,674)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.17&nbsp;</TD>
	<TD align=left>Income Tax and Contributions Paid&nbsp;</TD>
	<TD align=right>(153,531)</TD>
	<TD align=right>(477,641)</TD>
	<TD align=right>(103,605)</TD>
	<TD align=right>(427,599)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.03&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.02&nbsp;</TD>
	<TD align=left>Net Cash from Investment Activities&nbsp;</TD>
	<TD align=right>(595,921)</TD>
	<TD align=right>(1,356,810)</TD>
	<TD align=right>(409,596)</TD>
	<TD align=right>(959,643)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.02.01&nbsp;</TD>
	<TD align=left>Acquisition of property, plant and equipment&nbsp;</TD>
	<TD align=right>(590,577)</TD>
	<TD align=right>(1,335,634)</TD>
	<TD align=right>(327,848)</TD>
	<TD align=right>(835,826)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.02.02&nbsp;</TD>
	<TD align=left>Increase in Intangibles&nbsp;</TD>
	<TD align=right>(5,344)</TD>
	<TD align=right>(23,446)</TD>
	<TD align=right>(77,907)</TD>
	<TD align=right>(119,976)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.02.03&nbsp;</TD>
	<TD align=left>Increase in Investments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(3,841)</TD>
	<TD align=right>(3,841)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.02.04&nbsp;</TD>
	<TD align=left>Sale of Property, Plant &amp; Equipment&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>2,270&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.03&nbsp;</TD>
	<TD align=left>Net Cash from Financing Activities&nbsp;</TD>
	<TD align=right>(261,485)</TD>
	<TD align=right>(505,523)</TD>
	<TD align=right>12,983&nbsp;</TD>
	<TD align=right>(514,074)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.03.01&nbsp;</TD>
	<TD align=left>Fundings&nbsp;</TD>
	<TD align=right>94,736&nbsp;</TD>
	<TD align=right>939,473&nbsp;</TD>
	<TD align=right>137,256&nbsp;</TD>
	<TD align=right>682,195&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.03.02&nbsp;</TD>
	<TD align=left>Loan Amortizations&nbsp;</TD>
	<TD align=right>(356,221)</TD>
	<TD align=right>(1,159,665)</TD>
	<TD align=right>(109,866)</TD>
	<TD align=right>(494,238)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.03.03&nbsp;</TD>
	<TD align=left>Payment of Interest on Shareholders' Equity&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(285,331)</TD>
	<TD align=right>(14,407)</TD>
	<TD align=right>(702,031)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.04&nbsp;</TD>
	<TD align=left>Foreign Exchange Variation on Cash and Cash Equivalents&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.05&nbsp;</TD>
	<TD align=left>Increase(Decrease) in Cash and Cash Equivalents&nbsp;</TD>
	<TD align=right>(301,652)</TD>
	<TD align=right>(238,135)</TD>
	<TD align=right>122,122&nbsp;</TD>
	<TD align=right>9,906&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.05.01&nbsp;</TD>
	<TD align=left>Beginning Balance of Cash and Cash Equivalents&nbsp;</TD>
	<TD align=right>685,576&nbsp;</TD>
	<TD align=right>622,059&nbsp;</TD>
	<TD align=right>352,781&nbsp;</TD>
	<TD align=right>464,997&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.05.02&nbsp;</TD>
	<TD align=left>Ending Balance of Cash and Cash Equivalents&nbsp;</TD>
	<TD align=right>383,924&nbsp;</TD>
	<TD align=right>383,924&nbsp;</TD>
	<TD align=right>474,903&nbsp;</TD>
	<TD align=right>474,903&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>11 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_12"></A>

<P>
<B>05.01 - STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FROM 07/01/2009 to 09/30/2009 (In thousands of Brazilian reais -
R&#36;) </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:9px">

<TR valign="bottom">
	<TD width="8%" align=left>1 - CODE&nbsp;</TD>
	<TD align=left>2 - DESCRIPTION&nbsp;</TD>
	<TD width="10%" align=left>3 - CAPITAL&nbsp;</TD>
	<TD width="10%" align=left>4 -CAPITAL
    RESERVES&nbsp;</TD>
	<TD width="10%" align=left>5 - REVALUATION&nbsp;
    RESERVES&nbsp;</TD>
	<TD width="10%" align=left>6 -&nbsp;REVENUE&nbsp;
    RESERVES&nbsp;</TD>
	<TD width="10%" align=left>7 -RETAINED&nbsp;EARNINGS/&nbsp;
    LOSSES&nbsp;</TD>
	<TD width="10%" align=left>8 -EQUITY&nbsp;
    ADJUSTMENTS&nbsp;</TD>
	<TD width="10%" align=left>9 -TOTAL&nbsp;SHAREHOLDERS'&nbsp;
    EQUITY&nbsp;</TD>
</TR>


<TR valign="bottom">
	<TD align=left>5.01&nbsp;</TD>
	<TD align=left>Beginning Balance&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD width="12%" align=right>2,207,324&nbsp;</TD>
	<TD width="8%" align=right>1,911,474&nbsp;</TD>
	<TD align=right>627,587&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>11,074,328&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.02&nbsp;</TD>
	<TD align=left>Adjustments from Previous Years&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.03&nbsp;</TD>
	<TD align=left>Adjusted Balance&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD width="12%" align=right>2,207,324&nbsp;</TD>
	<TD width="8%" align=right>1,911,474&nbsp;</TD>
	<TD align=right>627,587&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>11,074,328&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.04&nbsp;</TD>
	<TD align=left>Profit/Loss for the Period&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>195,727&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>195,727&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05&nbsp;</TD>
	<TD align=left>Allocations&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05.01&nbsp;</TD>
	<TD align=left>Dividends&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05.02&nbsp;</TD>
	<TD align=left>Interest on Shareholders' Capital&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05.03&nbsp;</TD>
	<TD align=left>Other Allocations&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.06&nbsp;</TD>
	<TD align=left>Realization of Profit Reserves&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07&nbsp;</TD>
	<TD align=left>Equity Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07.01&nbsp;</TD>
	<TD align=left>Marketable Securities Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07.02&nbsp;</TD>
	<TD align=left>Conversion Accumulated Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07.03&nbsp;</TD>
	<TD align=left>Adjustments from Business Combinations&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.08&nbsp;</TD>
	<TD align=left>Increase/Decrease in Capital&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.09&nbsp;</TD>
	<TD align=left>Capital Reserves Constitution/Realization&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.10&nbsp;</TD>
	<TD align=left>Treasury Stock&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.11&nbsp;</TD>
	<TD align=left>Other Capital Stock Transactions&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>0&nbsp;</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.12&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD width="12%" align=right>(21,678)</TD>
	<TD width="8%" align=right>0&nbsp;</TD>
	<TD align=right>21,678&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.13&nbsp;</TD>
	<TD align=left>Ending Balance&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD width="12%" align=right>2,185,646&nbsp;</TD>
	<TD width="8%" align=right>1,911,474&nbsp;</TD>
	<TD align=right>844,992&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>11,270,055&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>12 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_13"></A>

<P>
<B>05.02 - STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FROM 01/01/2009 to 09/30/2009 (In thousands of Brazilian reais -
R&#36;) </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:9px">

<TR valign="bottom">
	<TD width="8%" align=left>1 - CODE&nbsp;</TD>
	<TD align=left>2 - DESCRIPTION&nbsp;</TD>
	<TD width="10%" align=left>3 - CAPITAL&nbsp;</TD>
	<TD width="10%" align=left>4 -CAPITAL RESERVES&nbsp;</TD>
	<TD width="10%" align=left>5 - REVALUATION&nbsp;RESERVES&nbsp;</TD>
	<TD width="10%" align=left>6 -&nbsp;REVENUE&nbsp;RESERVES&nbsp;</TD>
	<TD width="10%" align=left>7 -RETAINED&nbsp;EARNINGS/&nbsp;LOSSES&nbsp;</TD>
	<TD width="10%" align=left>8 -EQUITY&nbsp;ADJUSTMENTS&nbsp;</TD>
	<TD width="10%" align=left>9 -TOTAL&nbsp;SHAREHOLDERS'&nbsp;EQUITY&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left>5.01&nbsp;</TD>
	<TD align=left>Beginning Balance&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD align=right>2,253,012&nbsp;</TD>
	<TD align=right>1,911,474&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>10,492,429&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.02&nbsp;</TD>
	<TD align=left>Adjustments from Previous Years&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.03&nbsp;</TD>
	<TD align=left>Adjusted Balance&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD align=right>2,253,012&nbsp;</TD>
	<TD align=right>1,911,474&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>10,492,429&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.04&nbsp;</TD>
	<TD align=left>Profit/Loss for the Period&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>916,606&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>916,606&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05&nbsp;</TD>
	<TD align=left>Allocations&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(138,980)</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(138,980)</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05.01&nbsp;</TD>
	<TD align=left>Dividends&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05.02&nbsp;</TD>
	<TD align=left>Interests on Shareholders' Equity&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(138,980)</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(138,980)</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05.03&nbsp;</TD>
	<TD align=left>Other Allocations&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.06&nbsp;</TD>
	<TD align=left>Realization of Profit Reserves&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07&nbsp;</TD>
	<TD align=left>Equity Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07.01&nbsp;</TD>
	<TD align=left>Marketable Securities Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07.02&nbsp;</TD>
	<TD align=left>Conversion Accumulated Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07.03&nbsp;</TD>
	<TD align=left>Adjustments from Business Combinations&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.08&nbsp;</TD>
	<TD align=left>Increase/Decrease in Capital Stock&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.09&nbsp;</TD>
	<TD align=left>Capital Reserves Constitution/Realization&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.10&nbsp;</TD>
	<TD align=left>Treasury Stock&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.11&nbsp;</TD>
	<TD align=left>Other Capital Stock Transactions&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.12&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(67,366)</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>67,366&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.13&nbsp;</TD>
	<TD align=left>Ending Balance&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD align=right>2,185,646&nbsp;</TD>
	<TD align=right>1,911,474&nbsp;</TD>
	<TD align=right>844,992&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>11,270,055&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>13 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_14"></A>

<P>
<B>08.01 - CONSOLIDATED BALANCE SHEET - ASSETS (In thousands of Brazilian reais - R&#36;) </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="13%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=left>3 - 09/30/2009&nbsp;</TD>
	<TD width="13%" align=left>4 - 06/30/2009&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1&nbsp;</TD>
	<TD align=left>Total assets&nbsp;</TD>
	<TD align=right>21,039,782&nbsp;</TD>
	<TD align=right>20,826,892&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01&nbsp;</TD>
	<TD align=left>Current assets&nbsp;</TD>
	<TD align=right>2,082,714&nbsp;</TD>
	<TD align=right>2,310,800&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.01&nbsp;</TD>
	<TD align=left>Cash and cash equivalents&nbsp;</TD>
	<TD align=right>386,269&nbsp;</TD>
	<TD align=right>688,904&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.01.01&nbsp;</TD>
	<TD align=left>Cash and Cash Equivalents&nbsp;</TD>
	<TD align=right>386,144&nbsp;</TD>
	<TD align=right>688,409&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.01.02&nbsp;</TD>
	<TD align=left>Other cash and cash equivalents&nbsp;</TD>
	<TD align=right>125&nbsp;</TD>
	<TD align=right>495&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.02&nbsp;</TD>
	<TD align=left>Receivables&nbsp;</TD>
	<TD align=right>1,232,980&nbsp;</TD>
	<TD align=right>1,214,474&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.02.01&nbsp;</TD>
	<TD align=left>Trade accounts receivable&nbsp;</TD>
	<TD align=right>1,082,737&nbsp;</TD>
	<TD align=right>1,049,740&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.02.02&nbsp;</TD>
	<TD align=left>Sundry receivables&nbsp;</TD>
	<TD align=right>150,243&nbsp;</TD>
	<TD align=right>164,734&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.02.02.01&nbsp;</TD>
	<TD align=left>Balances and Transactions with Related Parties&nbsp;</TD>
	<TD align=right>150,243&nbsp;</TD>
	<TD align=right>164,734&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.03&nbsp;</TD>
	<TD align=left>Inventories&nbsp;</TD>
	<TD align=right>37,104&nbsp;</TD>
	<TD align=right>39,146&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.03.01&nbsp;</TD>
	<TD align=left>Storeroom supplies - operations&nbsp;</TD>
	<TD align=right>37,104&nbsp;</TD>
	<TD align=right>39,146&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.04&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>426,361&nbsp;</TD>
	<TD align=right>368,276&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.04.01&nbsp;</TD>
	<TD align=left>Taxes Recoverable&nbsp;</TD>
	<TD align=right>3,524&nbsp;</TD>
	<TD align=right>3,197&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.04.02&nbsp;</TD>
	<TD align=left>Deferred Income Tax and Social Contribution&nbsp;</TD>
	<TD align=right>255,598&nbsp;</TD>
	<TD align=right>202,249&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.04.03&nbsp;</TD>
	<TD align=left>Agreement with S&atilde;o Paulo's City Hall&nbsp;</TD>
	<TD align=right>117,433&nbsp;</TD>
	<TD align=right>129,647&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.01.04.04&nbsp;</TD>
	<TD align=left>Other receivables&nbsp;</TD>
	<TD align=right>49,806&nbsp;</TD>
	<TD align=right>33,183&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02&nbsp;</TD>
	<TD align=left>Non-current assets&nbsp;</TD>
	<TD align=right>18,957,068&nbsp;</TD>
	<TD align=right>18,516,092&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.01&nbsp;</TD>
	<TD align=left>Long-term assets&nbsp;</TD>
	<TD align=right>2,458,408&nbsp;</TD>
	<TD align=right>2,432,852&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.01.01&nbsp;</TD>
	<TD align=left>Sundry receivables&nbsp;</TD>
	<TD align=right>2,458,408&nbsp;</TD>
	<TD align=right>2,432,852&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.01.01.01&nbsp;</TD>
	<TD align=left>Trade accounts receivable&nbsp;</TD>
	<TD align=right>272,748&nbsp;</TD>
	<TD align=right>276,990&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.01.01.02&nbsp;</TD>
	<TD align=left>Balances and Transactions with Related Parties&nbsp;</TD>
	<TD align=right>1,403,798&nbsp;</TD>
	<TD align=right>1,401,365&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.01.01.03&nbsp;</TD>
	<TD align=left>Indemnities receivable&nbsp;</TD>
	<TD align=right>146,213&nbsp;</TD>
	<TD align=right>146,213&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.01.01.04&nbsp;</TD>
	<TD align=left>Judicial deposits&nbsp;</TD>
	<TD align=right>44,647&nbsp;</TD>
	<TD align=right>51,949&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.01.01.05&nbsp;</TD>
	<TD align=left>Deferred Income Tax &amp; Social Contribution&nbsp;</TD>
	<TD align=right>493,283&nbsp;</TD>
	<TD align=right>458,890&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.01.01.06&nbsp;</TD>
	<TD align=left>Other receivables&nbsp;</TD>
	<TD align=right>97,719&nbsp;</TD>
	<TD align=right>97,445&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.01.02&nbsp;</TD>
	<TD align=left>Intercompany receivables&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.01.02.01&nbsp;</TD>
	<TD align=left>Affiliates&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.01.02.02&nbsp;</TD>
	<TD align=left>Subsidiaries&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.01.02.03&nbsp;</TD>
	<TD align=left>Other related parties&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.01.03&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02&nbsp;</TD>
	<TD align=left>Permanent assets&nbsp;</TD>
	<TD align=right>16,498,660&nbsp;</TD>
	<TD align=right>16,083,240&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.01&nbsp;</TD>
	<TD align=left>Investments&nbsp;</TD>
	<TD align=right>720&nbsp;</TD>
	<TD align=right>720&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.01.01&nbsp;</TD>
	<TD align=left>In affiliated companies&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.01.02&nbsp;</TD>
	<TD align=left>In subsidiaries&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.01.03&nbsp;</TD>
	<TD align=left>Other investments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.01.06&nbsp;</TD>
	<TD align=left>Shares in other companies&nbsp;</TD>
	<TD align=right>698&nbsp;</TD>
	<TD align=right>698&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.01.07&nbsp;</TD>
	<TD align=left>Compulsory deposits - Eletrobr&aacute;s&nbsp;</TD>
	<TD align=right>22&nbsp;</TD>
	<TD align=right>22&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.02&nbsp;</TD>
	<TD align=left>Property, plant and equipment&nbsp;</TD>
	<TD align=right>15,404,423&nbsp;</TD>
	<TD align=right>14,988,679&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.02.01&nbsp;</TD>
	<TD align=left>Property, plant and equipment&nbsp;</TD>
	<TD align=right>11,945,045&nbsp;</TD>
	<TD align=right>11,939,155&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.02.02&nbsp;</TD>
	<TD align=left>Construction in progress&nbsp;</TD>
	<TD align=right>3,459,378&nbsp;</TD>
	<TD align=right>3,049,524&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.03&nbsp;</TD>
	<TD align=left>Intangible&nbsp;</TD>
	<TD align=right>1,093,517&nbsp;</TD>
	<TD align=right>1,093,841&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>1.02.02.04&nbsp;</TD>
	<TD align=left>Deferred charges&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>14 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_15"></A>

<P>
<B>08.02 - CONSOLIDATED BALANCE SHEET - LIABILITIES (In thousands of Brazilian reais - R&#36;)</B> </P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="13%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=right>3 - 09/30/2009&nbsp;</TD>
	<TD width="13%" align=right>4 - 06/30/2009&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2&nbsp;</TD>
	<TD align=left>Total liabilities and shareholders' equity&nbsp;</TD>
	<TD align=right>21,039,782&nbsp;</TD>
	<TD align=right>20,826,892&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01&nbsp;</TD>
	<TD align=left>Current liabilities&nbsp;</TD>
	<TD align=right>3,539,524&nbsp;</TD>
	<TD align=right>3,288,102&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.01&nbsp;</TD>
	<TD align=left>Loans and financing&nbsp;</TD>
	<TD align=right>1,227,130&nbsp;</TD>
	<TD align=right>1,192,173&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.02&nbsp;</TD>
	<TD align=left>Debentures&nbsp;</TD>
	<TD align=right>392,287&nbsp;</TD>
	<TD align=right>422,139&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.02.01&nbsp;</TD>
	<TD align=left>6<SUP>th </SUP>issue of debentures&nbsp;</TD>
	<TD align=right>225,932&nbsp;</TD>
	<TD align=right>237,372&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.02.02&nbsp;</TD>
	<TD align=left>7<SUP>th </SUP>issue of debentures&nbsp;</TD>
	<TD align=right>121,476&nbsp;</TD>
	<TD align=right>121,968&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.02.03&nbsp;</TD>
	<TD align=left>Interest on debentures&nbsp;</TD>
	<TD align=right>44,879&nbsp;</TD>
	<TD align=right>62,799&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.03&nbsp;</TD>
	<TD align=left>Trade accounts payable&nbsp;</TD>
	<TD align=right>230,915&nbsp;</TD>
	<TD align=right>183,042&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04&nbsp;</TD>
	<TD align=left>Taxes payable&nbsp;</TD>
	<TD align=right>193,457&nbsp;</TD>
	<TD align=right>145,586&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04.01&nbsp;</TD>
	<TD align=left>Income tax&nbsp;</TD>
	<TD align=right>60,243&nbsp;</TD>
	<TD align=right>29,827&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04.02&nbsp;</TD>
	<TD align=left>Social contribution tax&nbsp;</TD>
	<TD align=right>22,975&nbsp;</TD>
	<TD align=right>13,478&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04.03&nbsp;</TD>
	<TD align=left>PAES (Tax debt refinancing program)</TD>
	<TD align=right>33,674&nbsp;</TD>
	<TD align=right>33,336&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04.04&nbsp;</TD>
	<TD align=left>COFINS and PASEP (Taxes on revenue)</TD>
	<TD align=right>35,860&nbsp;</TD>
	<TD align=right>32,232&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04.05&nbsp;</TD>
	<TD align=left>INSS (Social security contribution)</TD>
	<TD align=right>21,734&nbsp;</TD>
	<TD align=right>22,312&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.04.06&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>18,971&nbsp;</TD>
	<TD align=right>14,401&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.05&nbsp;</TD>
	<TD align=left>Dividends payable&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06&nbsp;</TD>
	<TD align=left>Reserves&nbsp;</TD>
	<TD align=right>604,542&nbsp;</TD>
	<TD align=right>471,755&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06.01&nbsp;</TD>
	<TD align=left>For Tax Contingencies&nbsp;</TD>
	<TD align=right>529&nbsp;</TD>
	<TD align=right>527&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06.02&nbsp;</TD>
	<TD align=left>For Civil Contingencies&nbsp;</TD>
	<TD align=right>26,545&nbsp;</TD>
	<TD align=right>16,284&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06.03&nbsp;</TD>
	<TD align=left>For Contingencies with Suppliers&nbsp;</TD>
	<TD align=right>180,255&nbsp;</TD>
	<TD align=right>153,887&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06.04&nbsp;</TD>
	<TD align=left>For Contingencies with Customers&nbsp;</TD>
	<TD align=right>381,785&nbsp;</TD>
	<TD align=right>280,190&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06.05&nbsp;</TD>
	<TD align=left>For Environmental Contingencies&nbsp;</TD>
	<TD align=right>94&nbsp;</TD>
	<TD align=right>7,478&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.06.06&nbsp;</TD>
	<TD align=left>For Labor Contingencies&nbsp;</TD>
	<TD align=right>15,334&nbsp;</TD>
	<TD align=right>13,389&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.07&nbsp;</TD>
	<TD align=left>Intercompany payables&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>891,193&nbsp;</TD>
	<TD align=right>873,407&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.01&nbsp;</TD>
	<TD align=left>Payroll and related charges&nbsp;</TD>
	<TD align=right>349,932&nbsp;</TD>
	<TD align=right>340,216&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.02&nbsp;</TD>
	<TD align=left>Accounts Payable&nbsp;</TD>
	<TD align=right>173,728&nbsp;</TD>
	<TD align=right>167,834&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.03&nbsp;</TD>
	<TD align=left>Interest on capital payable&nbsp;</TD>
	<TD align=right>128,656&nbsp;</TD>
	<TD align=right>128,656&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.04&nbsp;</TD>
	<TD align=left>Deferred taxes and contributions&nbsp;</TD>
	<TD align=right>44,570&nbsp;</TD>
	<TD align=right>47,289&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.05&nbsp;</TD>
	<TD align=left>Refundable amounts&nbsp;</TD>
	<TD align=right>48,154&nbsp;</TD>
	<TD align=right>47,072&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.06&nbsp;</TD>
	<TD align=left>Commitments of Program Contracts&nbsp;</TD>
	<TD align=right>44,551&nbsp;</TD>
	<TD align=right>52,674&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.07&nbsp;</TD>
	<TD align=left>Agreement with S&atilde;o Paulo's City Hall&nbsp;</TD>
	<TD align=right>65,527&nbsp;</TD>
	<TD align=right>62,231&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.08&nbsp;</TD>
	<TD align=left>Public Private Partnership&nbsp;</TD>
	<TD align=right>17,615&nbsp;</TD>
	<TD align=right>15,399&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.01.08.09&nbsp;</TD>
	<TD align=left>Other payables&nbsp;</TD>
	<TD align=right>18,460&nbsp;</TD>
	<TD align=right>12,036&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02&nbsp;</TD>
	<TD align=left>Non-current liabilities&nbsp;</TD>
	<TD align=right>6,230,203&nbsp;</TD>
	<TD align=right>6,464,462&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01&nbsp;</TD>
	<TD align=left>Long-term liabilities&nbsp;</TD>
	<TD align=right>6,230,203&nbsp;</TD>
	<TD align=right>6,464,462&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.01&nbsp;</TD>
	<TD align=left>Loans and financing&nbsp;</TD>
	<TD align=right>3,813,567&nbsp;</TD>
	<TD align=right>3,982,084&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.02&nbsp;</TD>
	<TD align=left>Debentures&nbsp;</TD>
	<TD align=right>641,134&nbsp;</TD>
	<TD align=right>868,831&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.02.01&nbsp;</TD>
	<TD align=left>6<SUP>th </SUP>issue of debentures&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>226,848&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.02.02&nbsp;</TD>
	<TD align=left>8<SUP>th </SUP>issue of debentures&nbsp;</TD>
	<TD align=right>418,863&nbsp;</TD>
	<TD align=right>420,561&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.02.03&nbsp;</TD>
	<TD align=left>9<SUP>th </SUP>issue of debentures&nbsp;</TD>
	<TD align=right>222,271&nbsp;</TD>
	<TD align=right>221,422&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03&nbsp;</TD>
	<TD align=left>Reserves&nbsp;</TD>
	<TD align=right>741,712&nbsp;</TD>
	<TD align=right>654,108&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03.01&nbsp;</TD>
	<TD align=left>For Tax Contingencies&nbsp;</TD>
	<TD align=right>28,430&nbsp;</TD>
	<TD align=right>25,585&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>15 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_16"></A>

<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="13%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=right>3 - 09/30/2009&nbsp;</TD>
	<TD width="13%" align=right>4 - 06/30/2009&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03.02&nbsp;</TD>
	<TD align=left>For Civil Contingencies&nbsp;</TD>
	<TD align=right>136,214&nbsp;</TD>
	<TD align=right>144,179&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03.03&nbsp;</TD>
	<TD align=left>For Contingencies with Suppliers&nbsp;</TD>
	<TD align=right>149,565&nbsp;</TD>
	<TD align=right>29,049&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03.04&nbsp;</TD>
	<TD align=left>For Contingencies with Customers&nbsp;</TD>
	<TD align=right>338,325&nbsp;</TD>
	<TD align=right>377,229&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03.05&nbsp;</TD>
	<TD align=left>For Environmental Contingencies&nbsp;</TD>
	<TD align=right>59,641&nbsp;</TD>
	<TD align=right>49,888&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.03.06&nbsp;</TD>
	<TD align=left>For Labor Contingencies&nbsp;</TD>
	<TD align=right>29,537&nbsp;</TD>
	<TD align=right>28,178&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.04&nbsp;</TD>
	<TD align=left>Intercompany payables&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.05&nbsp;</TD>
	<TD align=left>Advance for future capital increase&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>1,033,790&nbsp;</TD>
	<TD align=right>959,439&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.01&nbsp;</TD>
	<TD align=left>Deferred taxes&nbsp;</TD>
	<TD align=right>151,961&nbsp;</TD>
	<TD align=right>149,756&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.02&nbsp;</TD>
	<TD align=left>PAES (Tax debt refinancing program)</TD>
	<TD align=right>92,602&nbsp;</TD>
	<TD align=right>100,007&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.03&nbsp;</TD>
	<TD align=left>Social security charges&nbsp;</TD>
	<TD align=right>464,525&nbsp;</TD>
	<TD align=right>449,568&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.04&nbsp;</TD>
	<TD align=left>Indemnities&nbsp;</TD>
	<TD align=right>41,209&nbsp;</TD>
	<TD align=right>42,490&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.05&nbsp;</TD>
	<TD align=left>Commitments of Program Contracts&nbsp;</TD>
	<TD align=right>119,452&nbsp;</TD>
	<TD align=right>110,446&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.06&nbsp;</TD>
	<TD align=left>Public Private Partnership&nbsp;</TD>
	<TD align=right>67,414&nbsp;</TD>
	<TD align=right>36,939&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.02.01.06.07&nbsp;</TD>
	<TD align=left>Other payables&nbsp;</TD>
	<TD align=right>96,627&nbsp;</TD>
	<TD align=right>70,233&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.03&nbsp;</TD>
	<TD align=left>Deferred income&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.04&nbsp;</TD>
	<TD align=left>Minority Interest&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05&nbsp;</TD>
	<TD align=left>Shareholders' equity&nbsp;</TD>
	<TD align=right>11,270,055&nbsp;</TD>
	<TD align=right>11,074,328&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.01&nbsp;</TD>
	<TD align=left>Capital&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.02&nbsp;</TD>
	<TD align=left>Capital reserves&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.02.01&nbsp;</TD>
	<TD align=left>Recourse for projects&nbsp;</TD>
	<TD align=right>108,475&nbsp;</TD>
	<TD align=right>108,475&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.02.02&nbsp;</TD>
	<TD align=left>Incentive reserve&nbsp;</TD>
	<TD align=right>15,780&nbsp;</TD>
	<TD align=right>15,780&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.03&nbsp;</TD>
	<TD align=left>Revaluation reserves&nbsp;</TD>
	<TD align=right>2,185,646&nbsp;</TD>
	<TD align=right>2,207,324&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.03.01&nbsp;</TD>
	<TD align=left>Own assets&nbsp;</TD>
	<TD align=right>2,185,646&nbsp;</TD>
	<TD align=right>2,207,324&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.03.02&nbsp;</TD>
	<TD align=left>Subsidiaries/Affiliates&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04&nbsp;</TD>
	<TD align=left>Profit reserves&nbsp;</TD>
	<TD align=right>1,911,474&nbsp;</TD>
	<TD align=right>1,911,474&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.01&nbsp;</TD>
	<TD align=left>Legal&nbsp;</TD>
	<TD align=right>357,058&nbsp;</TD>
	<TD align=right>357,058&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.02&nbsp;</TD>
	<TD align=left>Statutory&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.03&nbsp;</TD>
	<TD align=left>For contingencies&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.04&nbsp;</TD>
	<TD align=left>Unrealized profit&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.05&nbsp;</TD>
	<TD align=left>Profit retention&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.06&nbsp;</TD>
	<TD align=left>Special for unpaid dividends&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.07&nbsp;</TD>
	<TD align=left>Other profit reserves&nbsp;</TD>
	<TD align=right>1,554,416&nbsp;</TD>
	<TD align=right>1,554,416&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.04.07.01&nbsp;</TD>
	<TD align=left>Reserve for investments&nbsp;</TD>
	<TD align=right>1,554,416&nbsp;</TD>
	<TD align=right>1,554,416&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.05&nbsp;</TD>
	<TD align=left>Adjustments of Equity Evaluation&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.05.01&nbsp;</TD>
	<TD align=left>Adjustments of Marketable Securities&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.05.02&nbsp;</TD>
	<TD align=left>Conversion Accumulated Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.05.03&nbsp;</TD>
	<TD align=left>Business Combination Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.06&nbsp;</TD>
	<TD align=left>Retained earnings (accumulated deficit)</TD>
	<TD align=right>844,992&nbsp;</TD>
	<TD align=right>627,587&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2.05.07&nbsp;</TD>
	<TD align=left>Advance for future capital increase&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>16 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_17"></A>

<P>
<B>09.01 - CONSOLIDATED STATEMENT OF INCOME (In thousands of Brazilian reais - R&#36;) </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">


<TR valign="bottom">
	<TD width="13%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=center>1 - 07/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>2 - 01/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>3 - 07/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
	<TD width="13%" align=center>4 - 01/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>3.01&nbsp;</TD>
	<TD align=left>Gross revenue from sales and/or services&nbsp;</TD>
	<TD align=right>1,749,076&nbsp;</TD>
	<TD align=right>5,272,095&nbsp;</TD>
	<TD align=right>1,717,266&nbsp;</TD>
	<TD align=right>5,003,222&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.02&nbsp;</TD>
	<TD align=left>Gross revenue deductions&nbsp;</TD>
	<TD align=right>(120,105)</TD>
	<TD align=right>(366,135)</TD>
	<TD align=right>(124,221)</TD>
	<TD align=right>(356,756)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.03&nbsp;</TD>
	<TD align=left>Net revenue from sales and/or services&nbsp;</TD>
	<TD align=right>1,628,971&nbsp;</TD>
	<TD align=right>4,905,960&nbsp;</TD>
	<TD align=right>1,593,045&nbsp;</TD>
	<TD align=right>4,646,466&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.04&nbsp;</TD>
	<TD align=left>Cost of sales and/or services&nbsp;</TD>
	<TD align=right>(762,094)</TD>
	<TD align=right>(2,427,366)</TD>
	<TD align=right>(708,200)</TD>
	<TD align=right>(2,075,690)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.05&nbsp;</TD>
	<TD align=left>Gross profit&nbsp;</TD>
	<TD align=right>866,877&nbsp;</TD>
	<TD align=right>2,478,594&nbsp;</TD>
	<TD align=right>884,845&nbsp;</TD>
	<TD align=right>2,570,776&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06&nbsp;</TD>
	<TD align=left>Operating (expenses) income&nbsp;</TD>
	<TD align=right>(561,308)</TD>
	<TD align=right>(1,130,470)</TD>
	<TD align=right>(520,608)</TD>
	<TD align=right>(1,272,178)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.01&nbsp;</TD>
	<TD align=left>Selling&nbsp;</TD>
	<TD align=right>(201,415)</TD>
	<TD align=right>(597,238)</TD>
	<TD align=right>(163,590)</TD>
	<TD align=right>(527,173)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.02&nbsp;</TD>
	<TD align=left>General and administrative&nbsp;</TD>
	<TD align=right>(209,942)</TD>
	<TD align=right>(458,850)</TD>
	<TD align=right>(184,122)</TD>
	<TD align=right>(401,141)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03&nbsp;</TD>
	<TD align=left>Financial&nbsp;</TD>
	<TD align=right>(156,970)</TD>
	<TD align=right>(89,216)</TD>
	<TD align=right>(47,544)</TD>
	<TD align=right>(229,275)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03.01&nbsp;</TD>
	<TD align=left>Financial income&nbsp;</TD>
	<TD align=right>40,797&nbsp;</TD>
	<TD align=right>153,823&nbsp;</TD>
	<TD align=right>403,267&nbsp;</TD>
	<TD align=right>499,476&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03.01.01&nbsp;</TD>
	<TD align=left>Financial income&nbsp;</TD>
	<TD align=right>40,664&nbsp;</TD>
	<TD align=right>161,192&nbsp;</TD>
	<TD align=right>406,682&nbsp;</TD>
	<TD align=right>502,356&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03.01.02&nbsp;</TD>
	<TD align=left>Exchange gains&nbsp;</TD>
	<TD align=right>133&nbsp;</TD>
	<TD align=right>(7,369)</TD>
	<TD align=right>(3,415)</TD>
	<TD align=right>(2,880)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03.02&nbsp;</TD>
	<TD align=left>Financial expenses&nbsp;</TD>
	<TD align=right>(197,767)</TD>
	<TD align=right>(243,039)</TD>
	<TD align=right>(450,811)</TD>
	<TD align=right>(728,751)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03.02.01&nbsp;</TD>
	<TD align=left>Financial expenses&nbsp;</TD>
	<TD align=right>(301,529)</TD>
	<TD align=right>(617,495)</TD>
	<TD align=right>(238,609)</TD>
	<TD align=right>(609,392)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.03.02.02&nbsp;</TD>
	<TD align=left>Exchange (losses) gains&nbsp;</TD>
	<TD align=right>103,762&nbsp;</TD>
	<TD align=right>374,456&nbsp;</TD>
	<TD align=right>(212,202)</TD>
	<TD align=right>(119,359)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.04&nbsp;</TD>
	<TD align=left>Other operating income&nbsp;</TD>
	<TD align=right>15,506&nbsp;</TD>
	<TD align=right>33,570&nbsp;</TD>
	<TD align=right>15,582&nbsp;</TD>
	<TD align=right>34,579&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.04.01&nbsp;</TD>
	<TD align=left>Other operating income&nbsp;</TD>
	<TD align=right>17,087&nbsp;</TD>
	<TD align=right>36,992&nbsp;</TD>
	<TD align=right>16,637&nbsp;</TD>
	<TD align=right>38,962&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.04.02&nbsp;</TD>
	<TD align=left>COFINS and PASEP (Taxes on revenue)</TD>
	<TD align=right>(1,581)</TD>
	<TD align=right>(3,422)</TD>
	<TD align=right>(1,055)</TD>
	<TD align=right>(4,383)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.05&nbsp;</TD>
	<TD align=left>Other operating expenses&nbsp;</TD>
	<TD align=right>(8,487)</TD>
	<TD align=right>(18,736)</TD>
	<TD align=right>(140,934)</TD>
	<TD align=right>(149,168)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.05.01&nbsp;</TD>
	<TD align=left>Loss on write-off of property, plant and equipment&nbsp;</TD>
	<TD align=right>(5,702)</TD>
	<TD align=right>(11,750)</TD>
	<TD align=right>(139,704)</TD>
	<TD align=right>(146,395)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.05.02&nbsp;</TD>
	<TD align=left>Provision for Losses with Tax Incentives&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(300)</TD>
	<TD align=right>(100)</TD>
	<TD align=right>(100)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.05.03&nbsp;</TD>
	<TD align=left>Tax Incentives&nbsp;</TD>
	<TD align=right>(1,250)</TD>
	<TD align=right>(4,322)</TD>
	<TD align=right>(749)</TD>
	<TD align=right>(1,859)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.05.04&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>(1,535)</TD>
	<TD align=right>(2,364)</TD>
	<TD align=right>(381)</TD>
	<TD align=right>(814)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.06.06&nbsp;</TD>
	<TD align=left>Equity in the results of subsidiaries&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.07&nbsp;</TD>
	<TD align=left>Income from operations&nbsp;</TD>
	<TD align=right>305,569&nbsp;</TD>
	<TD align=right>1,348,124&nbsp;</TD>
	<TD align=right>364,237&nbsp;</TD>
	<TD align=right>1,298,598&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.08&nbsp;</TD>
	<TD align=left>Non-operating income (expenses)</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.08.01&nbsp;</TD>
	<TD align=left>Income&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.08.02&nbsp;</TD>
	<TD align=left>Expenses&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>17 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_18"></A>

<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">


<TR valign="bottom">
	<TD width="13%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=center>1 - 07/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>2 - 01/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>3 - 07/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
	<TD width="13%" align=center>4 - 01/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>3.09&nbsp;</TD>
	<TD align=left>Income before taxes and profit sharing&nbsp;</TD>
	<TD align=right>305,569&nbsp;</TD>
	<TD align=right>1,348,124&nbsp;</TD>
	<TD align=right>364,237&nbsp;</TD>
	<TD align=right>1,298,598&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.10&nbsp;</TD>
	<TD align=left>Provision for income tax and social contribution&nbsp;</TD>
	<TD align=right>(198,822)</TD>
	<TD align=right>(576,057)</TD>
	<TD align=right>(176,993)</TD>
	<TD align=right>(500,674)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.10.01&nbsp;</TD>
	<TD align=left>Provision for income tax&nbsp;</TD>
	<TD align=right>(145,564)</TD>
	<TD align=right>(422,056)</TD>
	<TD align=right>(129,774)</TD>
	<TD align=right>(367,264)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.10.02&nbsp;</TD>
	<TD align=left>Provision for social contribution&nbsp;</TD>
	<TD align=right>(53,258)</TD>
	<TD align=right>(154,001)</TD>
	<TD align=right>(47,219)</TD>
	<TD align=right>(133,410)</TD></TR>

<TR valign="bottom">
	<TD align=left>3.11&nbsp;</TD>
	<TD align=left>Deferred income tax&nbsp;</TD>
	<TD align=right>88,980&nbsp;</TD>
	<TD align=right>144,539&nbsp;</TD>
	<TD align=right>43,842&nbsp;</TD>
	<TD align=right>96,906&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.11.01&nbsp;</TD>
	<TD align=left>Deferred income tax&nbsp;</TD>
	<TD align=right>65,192&nbsp;</TD>
	<TD align=right>106,044&nbsp;</TD>
	<TD align=right>32,237&nbsp;</TD>
	<TD align=right>73,074&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.11.02&nbsp;</TD>
	<TD align=left>Deferred social contribution&nbsp;</TD>
	<TD align=right>23,788&nbsp;</TD>
	<TD align=right>38,495&nbsp;</TD>
	<TD align=right>11,605&nbsp;</TD>
	<TD align=right>23,832&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.12&nbsp;</TD>
	<TD align=left>Statutory profit sharing/contributions&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.12.01&nbsp;</TD>
	<TD align=left>Profit sharing&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.12.02&nbsp;</TD>
	<TD align=left>Contributions&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.13&nbsp;</TD>
	<TD align=left>Reversal of interest on capital&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.14&nbsp;</TD>
	<TD align=left>Minority Interest&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3.15&nbsp;</TD>
	<TD align=left>Net income (loss)</TD>
	<TD align=right>195,727&nbsp;</TD>
	<TD align=right>916,606&nbsp;</TD>
	<TD align=right>231,086&nbsp;</TD>
	<TD align=right>894,830&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD align=left>Number of shares, former treasury shares (thousands)</TD>
	<TD align=right>227,836&nbsp;</TD>
	<TD align=right>227,836&nbsp;</TD>
	<TD align=right>227,836&nbsp;</TD>
	<TD align=right>227,836&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD align=left>EARNINGS PER SHARE (Reais)</TD>
	<TD align=right>0.85907&nbsp;</TD>
	<TD align=right>4.02310&nbsp;</TD>
	<TD align=right>1.01426&nbsp;</TD>
	<TD align=right>3.92752&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD align=left>LOSS PER SHARE (Reais)</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>18 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_19"></A>

<P>
<B>10.01 - CONSOLIDATED STATEMENT OF CASH FLOWS - INDIRECT METHOD (In thousands of Brazilian reais - R&#36;)</B> </P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">


<TR valign="bottom">
	<TD width="13%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=center>1 - 07/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>2 - 01/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>3 - 07/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
	<TD width="13%" align=center>4 - 01/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>4.01&nbsp;</TD>
	<TD align=left>Net Cash from Operating Activities&nbsp;</TD>
	<TD align=right>555,705&nbsp;</TD>
	<TD align=right>1,624,193&nbsp;</TD>
	<TD align=right>518,735&nbsp;</TD>
	<TD align=right>1,483,623&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01&nbsp;</TD>
	<TD align=left>Cash Generated from Operations&nbsp;</TD>
	<TD align=right>817,989&nbsp;</TD>
	<TD align=right>2,696,787&nbsp;</TD>
	<TD align=right>923,653&nbsp;</TD>
	<TD align=right>2,772,059&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.01&nbsp;</TD>
	<TD align=left>Income before Income Tax and Social Contribution&nbsp;</TD>
	<TD align=right>305,569&nbsp;</TD>
	<TD align=right>1,348,124&nbsp;</TD>
	<TD align=right>364,237&nbsp;</TD>
	<TD align=right>1,298,598&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.02&nbsp;</TD>
	<TD align=left>Deferred Taxes and Contributions&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.03&nbsp;</TD>
	<TD align=left>Taxes and Contributions Payable&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(68,878)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.04&nbsp;</TD>
	<TD align=left>Provision for Contingencies&nbsp;</TD>
	<TD align=right>270,746&nbsp;</TD>
	<TD align=right>425,534&nbsp;</TD>
	<TD align=right>164,047&nbsp;</TD>
	<TD align=right>390,599&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.05&nbsp;</TD>
	<TD align=left>Reversal of Provision for Losses&nbsp;</TD>
	<TD align=right>(222)</TD>
	<TD align=right>846&nbsp;</TD>
	<TD align=right>(168)</TD>
	<TD align=right>(254)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.06&nbsp;</TD>
	<TD align=left>Other Provisions&nbsp;</TD>
	<TD align=right>88&nbsp;</TD>
	<TD align=right>316&nbsp;</TD>
	<TD align=right>135&nbsp;</TD>
	<TD align=right>373&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.07&nbsp;</TD>
	<TD align=left>Social Security Obligations&nbsp;</TD>
	<TD align=right>19,178&nbsp;</TD>
	<TD align=right>57,365&nbsp;</TD>
	<TD align=right>17,575&nbsp;</TD>
	<TD align=right>52,747&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.08&nbsp;</TD>
	<TD align=left>Write-off of Fixed Assets&nbsp;</TD>
	<TD align=right>5,702&nbsp;</TD>
	<TD align=right>11,750&nbsp;</TD>
	<TD align=right>139,704&nbsp;</TD>
	<TD align=right>146,395&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.09&nbsp;</TD>
	<TD align=left>Write-off of Deferred Asset&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>7&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.10&nbsp;</TD>
	<TD align=left>Write-off of Investments&nbsp;</TD>
	<TD align=right>4,542&nbsp;</TD>
	<TD align=right>4,542&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.11&nbsp;</TD>
	<TD align=left>Depreciation and Amortization&nbsp;</TD>
	<TD align=right>161,480&nbsp;</TD>
	<TD align=right>484,656&nbsp;</TD>
	<TD align=right>160,302&nbsp;</TD>
	<TD align=right>465,371&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.12&nbsp;</TD>
	<TD align=left>Interests on Loans and Financings Payable&nbsp;</TD>
	<TD align=right>114,336&nbsp;</TD>
	<TD align=right>348,658&nbsp;</TD>
	<TD align=right>125,315&nbsp;</TD>
	<TD align=right>362,487&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.13&nbsp;</TD>
	<TD align=left>Monetary and Foreign Exchange Variation on Loans and Financings&nbsp;</TD>
	<TD align=right>(106,635)</TD>
	<TD align=right>(376,288)</TD>
	<TD align=right>240,089&nbsp;</TD>
	<TD align=right>220,472&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.14&nbsp;</TD>
	<TD align=left>Monetary Variation of Interest on Shareholders' Capital&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>7,338&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.15&nbsp;</TD>
	<TD align=left>Interest and Monetary Variations Expense&nbsp;</TD>
	<TD align=right>1,323&nbsp;</TD>
	<TD align=right>4,345&nbsp;</TD>
	<TD align=right>1,730&nbsp;</TD>
	<TD align=right>6,637&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.16&nbsp;</TD>
	<TD align=left>Interest and Monetary Variations Income&nbsp;</TD>
	<TD align=right>(6,537)</TD>
	<TD align=right>(16,046)</TD>
	<TD align=right>(350,158)</TD>
	<TD align=right>(362,452)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.17&nbsp;</TD>
	<TD align=left>Allowance for Doubtful Accounts&nbsp;</TD>
	<TD align=right>71,509&nbsp;</TD>
	<TD align=right>234,658&nbsp;</TD>
	<TD align=right>60,845&nbsp;</TD>
	<TD align=right>252,619&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.18&nbsp;</TD>
	<TD align=left>Prov. For Term of Conduct Adjustment (TAC)</TD>
	<TD align=right>(26,386)</TD>
	<TD align=right>102,800&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.01.19&nbsp;</TD>
	<TD align=left>Other Provisions&nbsp;</TD>
	<TD align=right>3,296&nbsp;</TD>
	<TD align=right>65,527&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02&nbsp;</TD>
	<TD align=left>Variation to Assets and Liabilities&nbsp;</TD>
	<TD align=right>(262,284)</TD>
	<TD align=right>(1,072,594)</TD>
	<TD align=right>(404,918)</TD>
	<TD align=right>(1,288,436)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.01&nbsp;</TD>
	<TD align=left>Trade accounts Receivable&nbsp;</TD>
	<TD align=right>(97,781)</TD>
	<TD align=right>(132,227)</TD>
	<TD align=right>(83,040)</TD>
	<TD align=right>(202,306)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.02&nbsp;</TD>
	<TD align=left>Balances and Transactions with Related Parties&nbsp;</TD>
	<TD align=right>13,347&nbsp;</TD>
	<TD align=right>51,069&nbsp;</TD>
	<TD align=right>(32,735)</TD>
	<TD align=right>101,972&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.03&nbsp;</TD>
	<TD align=left>Inventories&nbsp;</TD>
	<TD align=right>2,263&nbsp;</TD>
	<TD align=right>9,728&nbsp;</TD>
	<TD align=right>2,271&nbsp;</TD>
	<TD align=right>13,232&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.04&nbsp;</TD>
	<TD align=left>Taxes Recoverable&nbsp;</TD>
	<TD align=right>(328)</TD>
	<TD align=right>1,141&nbsp;</TD>
	<TD align=right>721&nbsp;</TD>
	<TD align=right>6,640&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.05&nbsp;</TD>
	<TD align=left>Other Accounts Receivable&nbsp;</TD>
	<TD align=right>(3,682)</TD>
	<TD align=right>(21,766)</TD>
	<TD align=right>(33,352)</TD>
	<TD align=right>(99,786)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.06&nbsp;</TD>
	<TD align=left>Judicial Deposits&nbsp;</TD>
	<TD align=right>(15,011)</TD>
	<TD align=right>(29,130)</TD>
	<TD align=right>(27,931)</TD>
	<TD align=right>(37,389)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.07&nbsp;</TD>
	<TD align=left>Indemnities Receivable&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>2,581&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>19 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_20"></A>

<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">


<TR valign="bottom">
	<TD width="13%" align=left>1 - Code&nbsp;</TD>
	<TD align=left>2 - Description&nbsp;</TD>
	<TD width="13%" align=center>1 - 07/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>2 - 01/01/2009&nbsp;<br>
    to 09/30/2009&nbsp;</TD>
	<TD width="13%" align=center>3 - 07/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
	<TD width="13%" align=center>4 - 01/01/2008&nbsp;<br>
    to 09/30/2008&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>4.01.02.08&nbsp;</TD>
	<TD align=left>Contractors and Suppliers&nbsp;</TD>
	<TD align=right>47,667&nbsp;</TD>
	<TD align=right>26,343&nbsp;</TD>
	<TD align=right>(353)</TD>
	<TD align=right>(18,403)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.09&nbsp;</TD>
	<TD align=left>Salaries, Provisions and Social Security Obligations&nbsp;</TD>
	<TD align=right>36,101&nbsp;</TD>
	<TD align=right>51,060&nbsp;</TD>
	<TD align=right>53,490&nbsp;</TD>
	<TD align=right>83,115&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.10&nbsp;</TD>
	<TD align=left>Withholding Tax on Interest on Shareholders' Capital&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>14,371&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.11&nbsp;</TD>
	<TD align=left>Taxes and Contributions Payable&nbsp;</TD>
	<TD align=right>(5,423)</TD>
	<TD align=right>(68,674)</TD>
	<TD align=right>(9,463)</TD>
	<TD align=right>(51,727)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.12&nbsp;</TD>
	<TD align=left>Accounts Payable&nbsp;</TD>
	<TD align=right>(3,111)</TD>
	<TD align=right>1,519&nbsp;</TD>
	<TD align=right>25,816&nbsp;</TD>
	<TD align=right>8,329&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.13&nbsp;</TD>
	<TD align=left>Other Obligations&nbsp;</TD>
	<TD align=right>74,225&nbsp;</TD>
	<TD align=right>128,570&nbsp;</TD>
	<TD align=right>12,015&nbsp;</TD>
	<TD align=right>10,309&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.14&nbsp;</TD>
	<TD align=left>Contingencies&nbsp;</TD>
	<TD align=right>(26,233)</TD>
	<TD align=right>(195,437)</TD>
	<TD align=right>(82,938)</TD>
	<TD align=right>(272,884)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.15&nbsp;</TD>
	<TD align=left>Pension Plan&nbsp;</TD>
	<TD align=right>(4,219)</TD>
	<TD align=right>(12,711)</TD>
	<TD align=right>(4,109)</TD>
	<TD align=right>(12,265)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.16&nbsp;</TD>
	<TD align=left>Interest Paid&nbsp;</TD>
	<TD align=right>(126,568)</TD>
	<TD align=right>(407,019)</TD>
	<TD align=right>(136,076)</TD>
	<TD align=right>(389,674)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.02.17&nbsp;</TD>
	<TD align=left>Income Tax and Contributions Paid&nbsp;</TD>
	<TD align=right>(153,531)</TD>
	<TD align=right>(477,641)</TD>
	<TD align=right>(103,605)</TD>
	<TD align=right>(427,599)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.01.03&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.02&nbsp;</TD>
	<TD align=left>Net Cash from Investment Activities&nbsp;</TD>
	<TD align=right>(596,855)</TD>
	<TD align=right>(1,358,133)</TD>
	<TD align=right>(409,596)</TD>
	<TD align=right>(959,643)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.02.01&nbsp;</TD>
	<TD align=left>Acquisition of Property, Plant and Equipment&nbsp;</TD>
	<TD align=right>(591,511)</TD>
	<TD align=right>(1,336,957)</TD>
	<TD align=right>(327,848)</TD>
	<TD align=right>(835,826)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.02.02&nbsp;</TD>
	<TD align=left>Increase in Intangibles&nbsp;</TD>
	<TD align=right>(5,344)</TD>
	<TD align=right>(23,446)</TD>
	<TD align=right>(77,907)</TD>
	<TD align=right>(119,976)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.02.03&nbsp;</TD>
	<TD align=left>Increase in Investments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(3,841)</TD>
	<TD align=right>(3,841)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.02.04&nbsp;</TD>
	<TD align=left>Sale of Property, Plant and Equipment&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>2,270&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.03&nbsp;</TD>
	<TD align=left>Net Cash from Financing Activities&nbsp;</TD>
	<TD align=right>(261,485)</TD>
	<TD align=right>(505,523)</TD>
	<TD align=right>12,983&nbsp;</TD>
	<TD align=right>(514,074)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.03.01&nbsp;</TD>
	<TD align=left>Funding&nbsp;</TD>
	<TD align=right>94,736&nbsp;</TD>
	<TD align=right>939,473&nbsp;</TD>
	<TD align=right>137,256&nbsp;</TD>
	<TD align=right>682,195&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.03.02&nbsp;</TD>
	<TD align=left>Loan Amortizations&nbsp;</TD>
	<TD align=right>(356,221)</TD>
	<TD align=right>(1,159,665)</TD>
	<TD align=right>(109,866)</TD>
	<TD align=right>(494,238)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.03.03&nbsp;</TD>
	<TD align=left>Payment of Interest on Shareholders' Equity&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(285,331)</TD>
	<TD align=right>(14,407)</TD>
	<TD align=right>(702,031)</TD></TR>

<TR valign="bottom">
	<TD align=left>4.04&nbsp;</TD>
	<TD align=left>Foreign Exchange Variation on Cash and Cash Equivalents&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.05&nbsp;</TD>
	<TD align=left>Increase(Decrease) in Cash and Cash Equivalents&nbsp;</TD>
	<TD align=right>(302,635)</TD>
	<TD align=right>(239,463)</TD>
	<TD align=right>122,122&nbsp;</TD>
	<TD align=right>9,906&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.05.01&nbsp;</TD>
	<TD align=left>Beginning Balance of Cash and Cash Equivalents&nbsp;</TD>
	<TD align=right>688,904&nbsp;</TD>
	<TD align=right>625,732&nbsp;</TD>
	<TD align=right>352,781&nbsp;</TD>
	<TD align=right>464,997&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4.05.02&nbsp;</TD>
	<TD align=left>Ending Balance of Cash and Cash Equivalents&nbsp;</TD>
	<TD align=right>386,269&nbsp;</TD>
	<TD align=right>386,269&nbsp;</TD>
	<TD align=right>474,903&nbsp;</TD>
	<TD align=right>474,903&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>20 </P>

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<H5 align="left" style="page-break-before:always"></H5>


<A name="page_21"></A>

<P>
<B>11.01 - STATEMENT OF CONSOLIDATED CHANGES IN SHAREHOLDERS' EQUITY FROM 07/01/2009 to 09/30/2009 (In thousands of
Brazilian reais - R&#36;) </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:9px">

<TR valign="bottom">
	<TD width="8%" align=left>1 - CODE&nbsp;</TD>
	<TD align=left>2 - DESCRIPTION&nbsp;</TD>
	<TD width="10%" align=left>3 - CAPITAL&nbsp;</TD>
	<TD width="10%" align=left>4 -CAPITAL RESERVES&nbsp;</TD>
	<TD width="10%" align=left>5 - REVALUATION&nbsp;RESERVES&nbsp;</TD>
	<TD width="10%" align=left>6 -&nbsp;REVENUE&nbsp;RESERVES&nbsp;</TD>
	<TD width="10%" align=left>7 -RETAINED&nbsp;EARNINGS/&nbsp;LOSSES&nbsp;</TD>
	<TD width="10%" align=left>8 -EQUITY&nbsp;ADJUSTMENTS&nbsp;</TD>
	<TD width="10%" align=left>9 -TOTAL&nbsp;SHAREHOLDERS'&nbsp;EQUITY&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left>5.01&nbsp;</TD>
	<TD align=left>Beginning Balance&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD align=right>2,207,324&nbsp;</TD>
	<TD align=right>1,911,474&nbsp;</TD>
	<TD align=right>627,587&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>11,074,328&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.02&nbsp;</TD>
	<TD align=left>Adjustments from Previous Years&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.03&nbsp;</TD>
	<TD align=left>Adjusted Balance&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD align=right>2,207,324&nbsp;</TD>
	<TD align=right>1,911,474&nbsp;</TD>
	<TD align=right>627,587&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>11,074,328&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.04&nbsp;</TD>
	<TD align=left>Profit/Loss for the Period&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>195,727&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>195,727&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05&nbsp;</TD>
	<TD align=left>Allocations&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05.01&nbsp;</TD>
	<TD align=left>Dividends&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05.02&nbsp;</TD>
	<TD align=left>Interest on Shareholders' Capital&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05.03&nbsp;</TD>
	<TD align=left>Other Allocations&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.06&nbsp;</TD>
	<TD align=left>Realization of Profit Reserves&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07&nbsp;</TD>
	<TD align=left>Equity Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07.01&nbsp;</TD>
	<TD align=left>Marketable Securities Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07.02&nbsp;</TD>
	<TD align=left>Conversion Accumulated Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07.03&nbsp;</TD>
	<TD align=left>Adjustments from Business Combinations&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.08&nbsp;</TD>
	<TD align=left>Increase/Decrease in Capital&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.09&nbsp;</TD>
	<TD align=left>Capital Reserves Constitution/Realization&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.10&nbsp;</TD>
	<TD align=left>Treasury Stock&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.11&nbsp;</TD>
	<TD align=left>Other Capital Stock Transactions&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.12&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(21,678)</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>21,678&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.13&nbsp;</TD>
	<TD align=left>Ending Balance&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD align=right>2,185,646&nbsp;</TD>
	<TD align=right>1,911,474&nbsp;</TD>
	<TD align=right>844,992&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>11,270,055&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>21 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_22"></A>

<P>
<B>11.02 - STATEMENT OF CONSOLIDATED CHANGES IN SHAREHOLDERS' EQUITY FROM 01/01/2009 to 09/30/2009 (In thousands of
Brazilian reais - R&#36;) </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:9px">

<TR valign="bottom">
	<TD width="8%" align=left>1 - CODE&nbsp;</TD>
	<TD align=left>2 - DESCRIPTION&nbsp;</TD>
	<TD width="10%" align=left>3 - CAPITAL&nbsp;</TD>
	<TD width="10%" align=left>4 -CAPITAL&nbsp;RESERVES&nbsp;</TD>
	<TD width="10%" align=left>5 - REVALUATION&nbsp;RESERVES&nbsp;</TD>
	<TD width="10%" align=left>6 - REVENUE&nbsp;RESERVES&nbsp;</TD>
	<TD width="10%" align=left>7 -RETAINED&nbsp;EARNINGS/LOSSES </TD>
	<TD width="10%" align=left>8 -EQUITY&nbsp;ADJUSTMENTS </TD>
	<TD width="10%" align=left>9 -TOTAL&nbsp;SHAREHOLDERS'&nbsp;EQUITY&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left>5.01&nbsp;</TD>
	<TD align=left>Beginning Balance&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD align=right>2,253,012&nbsp;</TD>
	<TD align=right>1,911,474&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>10,492,429&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.02&nbsp;</TD>
	<TD align=left>Adjustments from Previous Years&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.03&nbsp;</TD>
	<TD align=left>Adjusted Balance&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD align=right>2,253,012&nbsp;</TD>
	<TD align=right>1,911,474&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>10,492,429&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.04&nbsp;</TD>
	<TD align=left>Profit/Loss for the Period&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>916,606&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>916,606&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05&nbsp;</TD>
	<TD align=left>Allocations&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(138,980)</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(138,980)</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05.01&nbsp;</TD>
	<TD align=left>Dividends&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05.02&nbsp;</TD>
	<TD align=left>Interest on Shareholders' Capital&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(138,980)</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(138,980)</TD></TR>

<TR valign="bottom">
	<TD align=left>5.05.03&nbsp;</TD>
	<TD align=left>Other Allocations&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.06&nbsp;</TD>
	<TD align=left>Realization of Profit Reserves&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07&nbsp;</TD>
	<TD align=left>Equity Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07.01&nbsp;</TD>
	<TD align=left>Marketable Securities Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07.02&nbsp;</TD>
	<TD align=left>Conversion Accumulated Adjustments&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.07.03&nbsp;</TD>
	<TD align=left>Adjustments from Business Combinations&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.08&nbsp;</TD>
	<TD align=left>Increase/Decrease in Capital&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.09&nbsp;</TD>
	<TD align=left>Capital Reserves Constitution/Realization&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.10&nbsp;</TD>
	<TD align=left>Treasury Stock&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.11&nbsp;</TD>
	<TD align=left>Other Capital Stock Transactions&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.12&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>(67,366)</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>67,366&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5.13&nbsp;</TD>
	<TD align=left>Ending Balance&nbsp;</TD>
	<TD align=right>6,203,688&nbsp;</TD>
	<TD align=right>124,255&nbsp;</TD>
	<TD align=right>2,185,646&nbsp;</TD>
	<TD align=right>1,911,474&nbsp;</TD>
	<TD align=right>844,992&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>11,270,055&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>22 </P>

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<A name="page_23"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
  </TR>
    <TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
<TR valign="bottom">
	<TD align=center> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<B>01444-3 &nbsp;&nbsp;&nbsp;CIA SANEAMENTO</B>&nbsp;<B>B&Aacute;SICO ESTADO S&Atilde;O PAULO</B>&nbsp;<B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43.776.517/0001-80</B>&nbsp;</TD>
  </TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  </TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left><B>06.01 - EXPLANATORY NOTES</B>&nbsp;</TD>
  </TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<P>
Amounts in thousands of Brazilian reais - R&#36;, unless otherwise stated </P>
<P>
<B>1. OPERATIONS </B></P>
<P align="justify">
Companhia de Saneamento B&aacute;sico do Estado de S&atilde;o Paulo - Sabesp (&#147;Sabesp&#148; or the &#147;Company&#148;) is a mixed-capital company headquartered in S&atilde;o Paulo, controlled by the S&atilde;o Paulo State Government. The
Company is engaged in the provision of basic and environmental sanitation services, and supplies treated water on a bulk basis and provides sewage treatment services for another six municipalities of the Greater S&atilde;o Paulo Metropolitan Area.</P>
<P align="justify">
In addition to providing basic sanitation services in the State of S&atilde;o Paulo, SABESP may perform these activities in other states and countries, and can operate in drainage, urban cleaning, solid waste handling and energy markets. The Company
has been structuring itself to enhance its operating basis and at the same time start to be an environmental solutions company.</P>
<P align="justify">
The Company provides water and sewage services in 365 municipalities in the State of S&atilde;o Paulo, having temporarily discontinued the operation of two municipalities due to judicial orders, still proceeding. Nearly all of which are through
concessions granted by the municipalities and most of them with a 30-year term. Up to September 30, 2009, 79 concessions had expired and all of them are in the phase of being negotiated with the municipalities. Between 2009 and 2030, 94 concessions
will expire. The remaining concessions are for an undetermined period. Up to September 30, 2009 160 contract programs were signed. </P>
<P align="justify">
Management expects that all the expired concessions will be renewed or extended, thus there will not be a discontinuity of the water supply and sewage collection in these municipalities. On September 30, 2009 the net book value of the property,
plant and equipment used in the 79 municipalities where the concessions are under negotiation totals R&#36;1,950,793 and the net revenue for the period ended September 30, 2009 totals R&#36;631 million. </P>
<P align="justify">
In the municipality of Santos, in the Santista plain, which has an expressive population, the Company operates supported by a public authorization deed, a situation similar to other municipalities in that region and in the Ribeira valley, where the
Company started to operate after the merger of the companies that formed it.</P>
<P align="justify">
On January 5, 2007, Law No. 11445 was enacted, establishing the basic sanitation regulatory framework, providing for nationwide guidelines and basic principles for the provision of such services, such as social control, transparency, the integration
authority of sanitation infrastructures, water resources management, and the articulation between industry policies and public policies for urban and regional development, housing, suppression of poverty, promotion of health and environmental
protection, among other related issues. The regulatory framework also aims at efficiently improving quality of living and economic sustainability, allowing for the adoption of gradual and progressive solutions consistent with users' payment ability.</P>
<P align="justify">
The Company&acute;s shares are listed on the New Market (&#147;Novo Mercado&#148;) segment of BM&amp;FBOVESPA S.A. &#150; Bolsa de Valores, Mercadorias e Futuros (S&atilde;o Paulo Stock, Mercantile and Futures Exchange) since April, 2002 and on the
New York Stock Exchange &#150; NYSE, under ADRs (American Depositary Receipts) since May, 2002. </P>
<P align="right">
<B>Page: </B>23 </P>

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<A name="page_24"></A>

<P align="justify">
All information about areas of concession, number of municipalities, water and sewage volume and other related data disclosed in this report, which do not arise from the accounting and/or financial statements, have not been examined by the
independent auditors. </P>
<P>
<B>2. </B>PRESENTATION OF THE QUARTERLY FINANCIAL STATEMENTS </P>
<P align="justify">
The quarterly financial statements have been prepared and are being presented based on the accounting practices adopted in the preparation of the financial statements for the fiscal year ended December 31, 2008, which must be read together with the
quarterly financial statements. </P>
<P>
Effects of the adjustments of Law No. 11638/07 and Provisional Measure (MP) No. 449/08 </P>
<P>
Shareholders' Equity and Net Income </P>
<P align="justify">
In order to meet the disclosure requirements about the initial adoption of the new accounting practices, the Company is presenting in the chart below the impacts on shareholders' equity and net income of the Parent Company had the Company elected to
record the adjustments in their financial statements in the period ended on September 30, 2008, referring to the changes introduced by Law No. 11638/07 and by Provisional Measure (MP) No. 449/08. </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=20%></TD>
	<TD width=2%></TD>
	<TD width=20%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Net Income&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Shareholders' Equity&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Balance on September 30, 2008, prior to Law No. 11638/07 and&nbsp;Provisional Measure (MP) No. 449/08&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>894,830&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>10,478,627&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Reversal of amortization of deferred assets not reclassifiable (*)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,217&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,217&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Donations&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>21,259&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>21,259&nbsp;</TD></TR>
    <TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Balance on September 30, 2008, adjusted&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>918,306</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>10,502,103</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="justify">
(*) Pursuant to Provisional Measure (MP) No. 449/08, the deferred assets group have been extinguished. The Company's Management elected to write-off the deferred assets on the transition date. </P>
<P>
<B>3. CONSOLIDATED FINANCIAL STATEMENTS </B></P>
<P align="justify">
The consolidated financial statements include the financial statements of Sabesp and its subsidiary Sesamm, which were included in the proportion of their equity interest. The Company maintains the shared control, detailed in Note 7, whose fiscal
year is coincidental to the parent company's and the accounting policies are uniform. </P>
<P align="right">
<B>Page: </B>24 </P>

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<A name="page_25"></A>

<P align="justify">
Although Sabesp's equity interest in Sesamm's Capital Stock is not a majority, the shareholders' agreement provides for veto power on certain matters jointly with OHL M&eacute;dio Ambiente, Inima S.A.U. - Unipersonal (the &#147;Inima&#148;),
indicating the Company's significant influence on Sesamm. Therefore the financial statements are being presented in a consolidated form. </P>
<P align="justify">
The consolidation process for the balance sheet and income statement accounts adds up the balances of the assets, liabilities, revenues and expenses according to their nature, complemented by the elimination of the equity interest of the parent
company in the capital stock and retained earnings of the consolidated subsidiary. </P>
<P>
<B>4. ACCOUNTS RECEIVABLE FROM CUSTOMERS </B></P>
<P>
(a) Balances </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=20%></TD>
	<TD width=2%></TD>
	<TD width=20%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center>PARENT COMPANY AND CONSOLIDATED&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan=3 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Jun/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Private sector&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>General and special customers (i) (ii)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>725,549&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>718,881&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Agreements (iii)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>268,564&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>277,750&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>994,113&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>996,631&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Government entities&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Municipal&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>571,475&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>539,824&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Federal&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,283&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,554&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Agreements (iii)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>146,853&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>152,953&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>721,611&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>695,331&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Bulk sales - Municipal Administration Offices (iv)</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Guarulhos&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>390,720&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>387,959&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Mau&aacute;&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>183,168&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>174,946&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Mogi das Cruzes&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>13,943&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,007&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Santo Andr&eacute;&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>414,307&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>400,950&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>S&atilde;o Caetano do Sul&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,213&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,174&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Diadema&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>128,044&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>124,102&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Wholesale total - Municipalities&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,133,395&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,106,138&nbsp;</TD></TR>
<TR>
	<TD colspan=5>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Unbilled supply&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>315,784&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>297,988&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Subtotal&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,164,903&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,096,088&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Allowance for doubtful accounts&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,809,418)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,769,358)</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Total&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,355,485&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,326,730&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR>
	<TD colspan=5>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Current&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,082,737&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,049,740&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Non-current (v)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>272,748&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>276,990&nbsp;</TD></TR>
</TABLE><BR>
<P>
(i) General customers - residential and small and medium-sized companies. </P>
<P align="right">
<B>Page: </B>25 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_26"></A>

<P align="justify">
(ii) Special customers - large consumers, commercial, industries, condominiums and special billing consumers (industrial waste, wells, etc.). </P>
<P align="justify">
(iii) Agreements - installment payments of past-due receivables, plus monetary adjustment and interest. </P>
<P align="justify">
(iv) Wholesale - Municipalities - The balance of accounts receivable from wholesalers refers to the sale of treated water to the municipalities which are responsible for the distribution, billing and collection from the end consumers, some of these
municipalities question judicially the tariffs charged by Sabesp and do not pay the amounts under litigation. The past due amounts that are included in the allowance for doubtful accounts have been substantially classified as non-current, according
to the roll-forward below: </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=20%></TD>
	<TD width=2%></TD>
	<TD width=20%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 rowspan="2" align=center>PARENT COMPANY AND&nbsp;CONSOLIDATED&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  </TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Jun/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Balance at beginning of period&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,106,138&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,078,054&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Billing for services provided&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>82,654&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>81,056&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Collections - current year's services&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(43,516)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(45,814)</TD></TR>
<TR valign="bottom">
	<TD align=left>Collections - previous year's services&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(11,881)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(7,158)</TD></TR>
    <TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    </TR>
<TR valign="bottom">
	<TD align=left>Balance at the end of the period&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,133,395&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,106,138&nbsp;</TD></TR>
    <TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Current&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>54,641&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>52,623&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Non-current&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,078,754&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,053,515&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="justify">
(v) The non-current portion consists of past-due and renegotiated balances with customers and past-due receivables related to the wholesale supply of water to municipal authorities and is recorded net of an allowance for doubtful accounts. </P>
<P>
(b) The aging of trade accounts receivable is as follows: </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=20%></TD>
	<TD width=2%></TD>
	<TD width=20%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 rowspan="2" align=center>PARENT COMPANY AND CONSOLIDATED&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  </TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Jun/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Current&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>925,383&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>891,653&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Past-due:&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Up to 30 days&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>144,998&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>155,394&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>From 31 to 60 days&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>67,545&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>64,478&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>From 61 to 90 days&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>47,637&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>41,073&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>From 91 to 120 days&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>44,418&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>36,668&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>From 121 to 180 days&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>64,718&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>72,944&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>From 181 to 360 days&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>120,959&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>113,393&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Over 360 days&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,749,245&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,720,485&nbsp;</TD></TR>
    <TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,164,903&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,096,088&nbsp;</TD></TR>
    <TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>26 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_27"></A>

<P>
(c) Allowance for doubtful accounts </P>
<P>
(i) The movement on the provision can be presented as follows: </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=20%></TD>
	<TD width=2%></TD>
	<TD width=20%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">PARENT COMPANY&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">AND CONSOLIDATED&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">PARENT COMPANY&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">3<SUP>rd </SUP>Qtr/09&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">3<SUP>rd </SUP>Qtr/08&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Balance in June&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,769,358&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>1,470,528&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Private sector / government entities&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>17,622&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>28,240&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Wholesale sales&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>22,438&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>48,434&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR>
	<TD colspan=5>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Additions for the period&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>40,060&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>76,674&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Ending balance&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,809,418&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>1,547,202&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR>
	<TD colspan=5>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Current&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>849,090&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>725,775&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Non-current&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>960,328&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>821,427&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P>
(ii) In the Result </P>
<P align="justify">
The Company recorded for probable losses of credits in accounts receivable calculated in the third quarter of 2009 amounting to R&#36;71.509, directly to the result of the period, recorded in the &#147;Selling Expenses&#148; item. In the third
quarter of 2008, these losses were R&#36;60,845. </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center valign="middle">PARENT COMPANY&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center valign="middle">AND CONSOLIDATED&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD colspan=3 align=center valign="middle">PARENT COMPANY&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">3<SUP>rd </SUP>Qtr/09&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Jan to Sept/09&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">3<SUP>rd </SUP>Qtr/08&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Jan to Sept/08&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Provisions (over 5,000 Brazilian reais)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(76,421)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(297,743)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(110,649)</TD>
	<TD>&nbsp;</TD>
  <TD align=right>(290,363)</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Recoveries (over 5,000 Brazilian reais)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>24,480&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>109,733&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>33,975&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>57,831&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Write-offs (lower or equal to 5,000 Brazilian&nbsp;reais)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(43,397)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(123,844)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(41,612)</TD>
	<TD>&nbsp;</TD>
  <TD align=right>(161,120)</TD>
</TR>

<TR valign="bottom">
	<TD align=left>Recoveries (lower or equal to 5,000 Brazilian&nbsp;reais)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>23,829&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>77,196&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>57,441&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>141,033&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Expenses (Note 19)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(71,509)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(234,658)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(60,845)</TD>
	<TD>&nbsp;</TD>
  <TD align=right>(252,619)</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
<B>5. BALANCES AND TRANSACTIONS WITH RELATED PARTIES </B></P>
<P align="justify">
The Company is a party to transactions with its controlling shareholder, the S&atilde;o Paulo State Government (&#147;Gesp&#148;), and companies related to it. </P>
<P align="right">
<B>Page: </B>27 </P>

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<H5 align="left" style="page-break-before:always"></H5>
<A name="page_28"></A>

<P align="justify">
(a) Accounts receivable, interest on own capital and operating revenue with the S&atilde;o Paulo State Government </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=20%></TD>
	<TD width=2%></TD>
	<TD width=20%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center valign="middle">PARENT COMPANY AND&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center valign="middle"> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;CONSOLIDATED&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan=3 align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">Sept/09&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Jun/09&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Accounts receivable&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Current:&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Water and sewage services (i)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>95,378&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>104,336&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Gesp Agreement (iii), (iv) and (v)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>27,073&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>27,680&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>Reimbursement of additional retirement and pension benefits paid -&nbsp;Agreement (ii) and (vi)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>23,050&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>23,050&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>Reimbursement of additional retirement and pension benefits paid -&nbsp;Monthly flow (ii) and (vi)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,742&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>9,668&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Total current assets&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>150,243&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>164,734&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Non-current&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Water and sewage services - Gesp Agreement (iii), (iv) and (v)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>78,667&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>83,455&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>Reimbursement of additional retirement and pension benefits paid -&nbsp;Controversial (ii) and (vi)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>454,058&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>441,075&nbsp;</TD>
</TR>
<TR>
	<TD colspan=5>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Reimbursement of additional retirement and pension benefits -&nbsp;Agreement (ii) and (vi)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>174,790&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>180,552&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>Reimbursement of additional retirement and pension benefits -&nbsp;Reservoirs (ii) and (vi)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>696,283&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>696,283&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Gross long-term amount receivable from shareholder&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,403,798&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>1,401,365&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Total receivable from shareholder&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,554,041&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>1,566,099&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR>
	<TD colspan=5>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Provision for water and sewage services&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>201,118&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>215,471&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Reimbursement of additional retirement and pension benefits&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,352,923&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>1,350,628&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,554,041&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>1,566,099&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR>
	<TD colspan=5>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Interest on own capital payable&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>69,850&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>69,850&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=20%></TD>
	<TD width=2%></TD>
	<TD width=20%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>PARENT&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>COMPANY AND&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>PARENT&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>CONSOLIDATED&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>COMPANY&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>3<SUP>rd </SUP>Qtr/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>3<SUP>rd </SUP>Qtr/08&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Gross revenue from sales and services&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Water sales&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>46,517&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>45,503&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Sewage services&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>40,060&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>39,480&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Receipts&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(76,387)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(78,879)</TD></TR>
<TR>
	<TD colspan=5>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Financial Income&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>62,366&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>37,902&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>28 </P>

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<A name="page_29"></A>

<P>
(i) Water and sewage services </P>
<P align="justify">
The Company provides supply services of water and collection of sewage to the State Government and other Companies related to it, under terms and conditions considered by Management as normal in the market, except as to the form of settlement of the
credits, that may be realized under the conditions mentioned in items (iii), (iv) and (v). </P>
<P>
(ii) Reimbursement of additional retirement and pension benefits paid</P>
<P align="justify">
Refers to amounts of supplementary benefits of retirement and pension plan provided by the State of S&atilde;o Paulo Law No. 4819/58 (&#147;Benefits&#148;) paid by the Company to former employees or retirees. </P>
<P align="justify">
Under the terms of the Agreement referred to in (iii) below Gesp acknowledges to be responsible for the charges resulting from the Benefits, provided that the payment criteria set forth by the State Personnel Expense Department - DDPE, founded on
the legal direction provided by the Legal Advisory of the Treasury Secretary and State's General Attorney's Office - PGE are obeyed. </P>
<P align="justify">
As explained in item (vi), during the validation by Gesp of the amounts due to the Company on account of the Benefits, divergences have arisen as to the calculation criteria and eligibility of the Benefits applied by the Company. Company Management,
however, maintains its understanding that these divergences do not justify any provision under the terms detailed in item (vi). </P>
<P align="justify">
On September 30, 2009 and June 30, 2009, 2,594 and 2,576 retirees, respectively, received supplementary pension payments, and in the quarters ended September 30, 2009 and June 30, 2009, the Company paid R&#36;27,335 and R&#36;26,763, respectively.
There were 126 active employees on September 30 and June 30 that will have the right to these benefits on the occasion of their retirement. </P>
<P align="justify">
In January, 2004, the supplementary pension and retirement pension payments were transferred to the Secretary of Treasury, and they will be made in accordance with the calculation criteria defined by the PGE. Due to a judicial decision, the
responsibility for the payments reverted to Sabesp, under the original form. </P>
<P>
(iii) Gesp Agreement </P>
<P align="justify">
On December 11, 2001 the Company, Gesp (by means of the State Secretary of Treasury Affairs, currently the Secretary of Treasury) and the Departamento of "&Aacute;gua e Energia Eletrica - DAEE", with the intermediation of the Secretary of Hydro
Resources, Sanitation and Works, currently the Secretary of Sanitation and Energy, entered into the Term of Acknowledgement and Consolidation of Obligations, Payment Commitment and Other Covenants (the &#147;Gesp Agreement&#148;) with the purpose to
resolve the outstanding issues existing between Gesp and the Company related to the services of water and sewage as to the Benefits. </P>
<P align="justify">
The total agreement was R&#36;678,830, at the historical value, being (i) R&#36;320,623 referring to the Benefits paid by the Company and not reimbursed by the State during the period from March, 1986 to November, 2001, and (ii) R&#36;358,207
arising from the provision of water supply and sewage collection services, invoiced and past due from 1985 to December 01, 2001, but not paid by Gesp. </P>
<P align="right">
<B>Page: </B>29 </P>

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<H5 align="left" style="page-break-before:always"></H5>
<A name="page_30"></A>

<P align="justify">
Having in view the strategic importance of the reservoirs of Taia&ccedil;upeba, Jundiai, Biritiba, Paraitinga and Ponte Nova (&#147;Reservoirs&#148;), to guarantee the maintenance of the water volume of Alto Tiete, the Company agreed to receive them
as part of the reimbursement referring to the Benefits. The Reservoirs would be transferred to it by DAEE, which, in its turn, would subrogate itself with a credit of the same amount to Gesp. </P>
<P align="justify">
However, the State of S&atilde;o Paulo's Attorney's Office questioned the legal validity of this agreement, by means of a public civil action, whose main argument is the lack of specific legislative authorization for the alienation of DAEE's estate.
The Company's legal counsels assess the risk of loss of this proceeding as probable, in the case the mentioned legislative authorization is not obtained, which would prevent the transfer of the respective reservoirs as partial amortization of the
balance receivable. </P>
<P align="justify">
The balances of services of water supply and sewage collection were included in the First and Second Amendments as described on items (iv) and (v). The balances referring to the reimbursement of the supplement of the retirement and pension plan were
included in the Term of Commitment between the State of S&atilde;o Paulo and Sabesp, as described in items (vi) and (vii). </P>
<P>
(iv) First Amendment to the Gesp Agreement </P>
<P align="justify">
On March 22, 2004, the Company and the State Government amended the terms of the original Gesp Agreement, thereby (1) consolidating and acknowledging amounts due from the State Government for water and sewage services, monetarily adjusted through
February 2004; (2) formally authorizing the offset of amounts due from the State Government against interest on own capital declared by the Company and any other debt owed to the State Government at December 31, 2003, which were monetarily adjusted
through February 2004; and (3) defining the payment conditions of the remaining obligations of the State Government for water and sewage services. </P>
<P align="justify">
Pursuant to the Amendment, the State Government recognized the amounts due to the Company for water supply and sewage collection services provided until February 2004 amounting to R&#36;581,779, including monetary adjustment based on the Reference
Rate (TR) at the end of each year until February 2004. The Company recognized amounts payable to the State Government related to interest on own capital amounting to R&#36;518,732, including (1) amounts declared and paid related to years previous to
2003 (R&#36;126,967), (2) monetary adjustment of these amounts based on the annual variation of the Consumer Price Index (IPC/Fipe) until February 2004 (R&#36;31,098); and (3) amounts declared and due related to 2003 (R&#36;360,667). </P>
<P align="justify">
The remaining obligation will be payable in monthly installments from May 2005 through April 2009, which will be subject to monetary adjustment at the Wholesale Consumer Price Index (IPCA/IBGE), plus interest of 0.5% . </P>
<P align="justify">
The Amendment to the Gesp Agreement does not provide for amounts owed by the State Government for supplementary retirement and pension plan benefits, paid by the Company on behalf of the State Government. Such amounts continue to be subject to the
terms of the original Gesp Agreement. </P>
<P align="justify">
Management believes that the amounts owed by the State Government are receivable and it is not expected that losses will be incurred. </P>
<P align="right">
<B>Page: </B>30 </P>

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<H5 align="left" style="page-break-before:always"></H5>


<A name="page_31"></A>

<P>
(v) Second Amendment to the Gesp Agreement </P>
<P align="justify">
On December 28, 2007, the Company and the State of S&atilde;o Paulo, by means of the Secretary of Treasury signed the second amendment to the terms of the original Gesp agreement, (1) agreeing with the payment in installments of the remaining
balance of the First Amendment, amounting to R&#36;133,709 (amount at November 30, 2007) to be paid in 60 equal, monthly and consecutive installments, the first one maturing on January 2, 2008. The amount of the installments is monetarily adjusted
according to the variation of the IPCA-IBGE, increased by simple interest of 0.5% per month. In the balance of this agreement, which installments have been paid monthly, there is an amount of R&#36;46,244 that the State does not recognize as due.
Sabesp has an understanding different from the State regarding this amount, not admitting the review of these previously agreed upon amounts, without the demonstration, in a grounded and unmistaken way, of the lack of correspondence between the
amounts presented by Sabesp and the services effectively provided. For this reason the Company understands as not necessary any provision for losses regarding these amounts (pursuant to item VII of the Terms of the Second Amendment to the Term of
Acknowledgement, Payment Commitment and Other Covenants between the State of S&atilde;o Paulo and Sabesp) (2) with regards to the past due and unpaid accounts in the period from March, 2004 to October, 2007, resulting from the provision of water and
collection of sewage services amounting to R&#36;256,608, R&#36;236,340 have been received and R&#36;8,784 were transferred to other debtor and R&#36;11,484 are pending confirmation and collection, These amounts are being jointly evaluated by Sabesp
and the representatives of various Secretaries of State. Divergences have been identified, up to the moment, as to the debtor, but not as to the amount of the debt itself. In case of reclassification of the responsible for payment of the account,
Sabesp transferred the collection to the corresponding Entity. The Company has not recorded a provision for losses in this amount because it understands that the divergences are substantially related to the identification of the debtor. (3) The
interest on own capital due by Sabesp to the State, referring to the period from March, 2004 to December, 2006, amounting to R&#36;400,823, restated from June, 2007 to November, 2007 by the Selic rate, were paid in the period from January to March,
2008. (4) The State and Sabesp agreed upon resuming the fulfillment of their reciprocal obligations, on a timely basis, under the new premises: (a) implementation of the accounts electronic management system to facilitate and speed up the follow-up
of the payment processes and the procedures of budgeting management; (b) structuring of the Program of Rational Use of Water (PURA), to rationalize the consumption of water and the amount of the water and sewage bills of the responsibility of the
State; (c) the establishment, by the State, of criteria in the budgeting of a way to avoid the displacement of amounts in the specific line of water and sewage bills from 2008; (d) possibility of registration of state entities and bodies in a
default system or master file; (e) possibility of interruption of the supply of water to the state entities in case of default in the payment of water and sewage bills. </P>
<P align="justify">
Out of the invoicing of the months of November, 2007 to September, 2009, approximately 90% of the accounts have already been paid by the State Government. </P>
<P>
(vi) Third Amendment to the Gesp Agreement </P>
<P align="justify">
Gesp, Sabesp and DAEE, on November 17, 2008, entered into the Third Amendment to the Gesp Agreement, by means of which the State confesses to owe Sabesp the amount of R&#36;915,251, monetarily adjusted until September, 2008 by the IPCA-IBGE index,
corresponding to the Uncontroversial Amount, calculated by FIPECAFI. Sabesp accepted temporarily the Reservoirs as part of the payment of the Uncontroversial Amount and offered to Gesp a temporary settlement, constituting a financial credit of
R&#36;696,283, corresponding to the value of the Reservoirs. The definitive settlement will only occur with the effective transfer of property in the competent real estate notary. The remaining balance of R&#36;218,967 is being paid in 114 monthly
and
consecutive installments, of R&#36;1,920 each, restated annually by the IPCA/FIPE index, plus interest of 0.5% per month (p.m.), the first installment became due on November 25, 2008. </P>
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<P align="justify">Sabesp and the State are working together to obtain legislative authorization in order to make viable the transfer of the Reservoirs to Sabesp, thus overcoming the juridical uncertainty caused by the Public Civil Action, mentioned in item (iii).
After publication of the legislative authorization, the transfer of the Reservoirs to Sabesp will occur. </P>
<P align="justify">
The Third Amendment also provides for the regularization of the monthly flow of benefits. While Sabesp is responsible for the monthly payments, by judicial decision, the State reimburses the Company based on criteria identical to those applied to
the Uncontroversial Amount. In the absence of a impeditive judicial decision, the State will directly assume the flow of monthly payment of the part considered uncontroversial. </P>
<P align="justify">
The difference between the Uncontroversial Amount and the amount effectively paid by the Company constitutes the Controversial Amount. On March 04, 2009 the Sabesp forwarded to the State Public Attorney's Office - PGE a grounded request in order to
obtain the reanalysis of the divergences that gave rise to the Controversial Amount.</P>
<P align="justify">
The Company and the State Government are in the final negotiation stage for the settlement of the controversial amount. </P>
<P align="justify">
Sabesp will not waive the receivables from the State to which the Company considers it is legally entitled. Accordingly, it will take all possible actions to resolve the issue at all technical and court levels. Should this dispute persist, the
Company will take all the necessary actions to protect its interests. </P>
<P align="justify">
(vii) Reasons that directed the Company's Management not to make a provision for the uncontroversial amount of the Benefits. </P>
<P align="justify">
As demonstrated in (vi), the Third Amendment to the Gesp Agreement divides the amount of the Benefits into an uncontroversial amount and a controversial amount. </P>
<P align="justify">
The uncontroversial amount has been plainly resolved, including with regards to the uncontroversial amount of the future monthly flow of payment of the Benefits. The inventory of the uncontroversial amount, already disclosed, will be paid by means
of the Reservoirs and the remaining balance in 114 installments. With regards to the uncontroversial amount of the monthly flow, while Gesp arranges for the internal operating structure necessary for the calculation and processing of the
reimbursements, the Company will maintain Fipecafi contracted so that it effects monthly the calculation of the reimbursement, applying criteria identical to those used in the calculation of the Uncontroversial Amount. Gesp has undertaken to make
the reimbursements in up to 10 (ten) business days counted from the date of the submission of the monthly reimbursement calculation report issued by Fipecafi. This has been agreed upon in the third clause of this Amendment. The installments of the
agreement and the monthly flow are being paid normally by the State Government. </P>
<P align="justify">
No provision has been recorded for the controversial amount of the Benefits - whether with regards to eventual loss of amounts already recorded or even with regards to the controversial amounts of the Benefits that will be paid in the future - in
view of the high expectation of success in receiving these pending amounts and the solution of the divergences favorable to the Company. </P>
<P align="right">
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<P>
There are several reasons for this presumption. </P>
<P align="justify">
No new fact that justifies a change in the interpretation on the chances of receiving the pending amounts as Benefits. The controversy on the portion of Benefits is not new data. In the financial statements related to the fiscal year 2007, it was
identified, including the estimate of the uncontroversial and controversial amounts, without any provision in relation to the controversial amount. </P>
<P align="justify">
To the contrary, it is necessary to highlight that during 2008, there was great progress with regards to the perspective of receiving the pending amounts on account of Benefits. The uncontroversial amount of the Benefits has been plainly resolved as
already pointed out in item (vi) of this item. </P>
<P align="justify">
With regards to the controversial amount, there has also been an improvement in the receiving perspective. As informed in (vi), the State's General Attorney has formally undertaken to reassess the divergences that gave rise to the controversial
amount. </P>
<P align="justify">
The Company contracted the opinion of a reputable accountant to evaluate the decision of Management for not recording a provision for the amount considered controversial, whose conclusion was that it is a &#148;theme with characteristics of
uncertainty&#148;, there are no &#147;technical obstacles in light of the norms that regulate the work and reports of the independent auditors why this situation should not be treated as an emphasis paragraph, rather than a qualification for lack of
recording a provision for losses with doubtful accounts&#148;. </P>
<P align="justify">
From the legal point of view, the Company contracted two jurists of notorious repute in order to obtain external evaluation as to its right to reimbursement. The first one, in an opinion dated March, 2008, concluded that the &#147;responsibility of
the State is irrefutable&#148; Sabesp having &#147;the legal and moral conditions to recover what it had paid&#148;. The second one, in February, 2009 in an exhaustive work, performed an analysis of the general conditions under which the payments of
the Benefits occurred, as well as more than 1,000 judicial proceedings related to the disputes between the Company and the beneficiaries of Law No. 4819/58 and their dependants. The conclusion of the second report was also, in general, favorable to
Sabesp. </P>
<P align="justify">
Additionally, the Advisory Staff to the Company's Presidency prepared a technical note (not audited) on the matter, with detailed evaluation of the historical circumstances where the concession criteria and calculation of the Benefits were adopted,
concluding favorably to the right of Sabesp for reimbursement. This technical note was forwarded on March 4, 2009 to PGE and represents, in essence, the main reasons that support the Company's right to reimbursement. Since at this time, the
divergences between Sabesp and the State are formally in the phase of being reanalysis by PGE. </P>
<P align="justify">
The Company maintains its understanding that the best estimate for the controversial amount of the Benefits is in the sense that it will be received by the Company in the future, whether by means of the re-appreciation provided by the State's
General Attorney or even based on a judicial decision. </P>
<P>
(b) Cash and cash equivalents </P>
<P align="justify">
The Company's balance of banks and short-term investment accounts with financial institutions controlled by the State Government was R&#36; 341,943 and R&#36; 628,443 at September 30, 2009 and June 30, 2009, respectively. The financial income from
such investments was R&#36; 62,366 and R&#36; 37,902 in the third quarter of 2009 and 2008, respectively. The Company, due to a State Decree, must invest its excess resources with financial institutions controlled by the State Government. </P>
<P align="right">
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<P>
(c) Agreement for the use of reservoirs </P>
<P align="justify">
In its operations, the Company uses the Guarapiranga and Billings reservoirs. Should these reservoirs not be available for use by the Company, there could be a need to collect water from more distant places. The Company does not pay any fee for the
use of these reservoirs but it is responsible for their maintenance and operating costs. </P>
<P>
(d) Contracts with reduced tariffs for State and Municipal Government Entities that joined the Rational Water Use Program (PURA). </P>
<P align="justify">
The Company has approximately 900 connections with public entities related to the State Government and to the municipalities served, that are benefited by a 25% reduction in the tariff of services of water supply and sewage collection, when not in
default. The contracts provide for the implementation of the rational use of water program, that considers the reduction in water consumption. </P>
<P>
(e) Guarantees </P>
<P align="justify">
The State Government grants guarantees for some loans and financings of the Company and does not charge any fee for them. </P>
<P align="justify">
Management is making efforts to maintain the State's payments with respect to transactions with related parties in non-default on a permanent basis. </P>
<P>
(f) Sesamm </P>
<P align="justify">
On August 15, 2008, the Company, as part of its expansion process, together with the companies OHL M&eacute;dio Ambiente, Inima S.A.U. - Unipersonal (&#147;Inima&#148;), T&eacute;cnicas y Gestion Medioambiental S.A.U. (&#147;TGM&#148;) and Estudos
Tecnicos e Projetos ETEP Ltda. (&#147;ETEP&#148;) constituted the company Sesamm - Servi&ccedil;os de Saneamento de Mogi Mirim S/A (&#147;Sesamm&#148; or &#147;Subsidiary&#148;) whose corporate objective is the rendering of services for the
completion of the implementation of the system of separation of sewage and implementation and operation of the sewage treatment system of the Municipality of Mogi Mirim, including the disposal of solid waste generated, as per note 7. </P>
<P>
(g) Contract for assigning personnel to entities related to Gesp </P>
<P align="justify">
The Company has contracts for assigning personnel to entities related to the S&atilde;o Paulo State Government, where the expenditures are fully passed on and monetarily reimbursed. </P>
<P align="justify">
In this third quarter of 2009, the expenditures with employees assigned by Sabesp to other state entities amounted to R&#36; 1,364. </P>
<P align="justify">
In the same period, the expenditures with the employees of other entities at Sabesp's disposition totaled R&#36;364. </P>
<P align="right">
<B>Page: </B>34 </P>

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<P>
(h) Services contracted from entities related to Gesp </P>
<P align="justify">
On September 30, 2009 Sabesp had outstanding a balance of R&#36;11,083 payable referring to services provided to entities related to the S&atilde;o Paulo State Government, among which is highlighted the services for electric energy supplied by
Companhia Energ&eacute;tica de S&atilde;o Paulo - CESP, totaling 79% of the balance payable. </P>
<P>
(i) Non-operating Assets </P>
<P align="justify">
The Company had, on September 30, 2009 the amount of R&#36; 26,411 mainly related to lands granted in free lease (&#147;comodato&#148;) to Associations, Assistance Entities, Non-Governmental Organizations and to DAEE - Departamento de &Aacute;guas e
Energia Eletrica, among others.</P>
<P>
(j) Sabesprev </P>
<P align="justify">
The Company sponsors the defined contribution plan managed by Funda&ccedil;&atilde;o Sabesp de Seguridade Social - Sabesprev. The net actuarial obligation, recognized up to September 30, 2009, is R&#36;464,525. </P>
<P>
<B>6. INDEMNITIES RECEIVABLE </B></P>
<P align="justify">
Indemnities receivable are a non-current asset that represents amounts receivable from the Municipalities of Diadema and Mau&aacute; as an indemnity for their unilateral termination of the concessions for water supply and sewage collection services
of the Company in 1995. As of September 30, 2009 and June 30, 2009, this asset amounted to R&#36; 146,213 (nominal amounts). </P>
<P align="justify">
Due to these concession agreements, the Company invested in the construction of water and sewage systems in these municipalities in order to meet its concession service commitments. For the unilateral termination of the Diadema and Mau&aacute;
concessions, the municipalities assumed the responsibility of supplying water and sewage services in these regions. At the time, the Company reclassified the balances of property, plant and equipment related to the assets used in these
municipalities to non-current assets (indemnities receivable). </P>
<P align="justify">
The net book value of the items of property, plant and equipment related to the Municipality of Diadema, reclassified in December, 1996, was R&#36;75,231, and the balance of the indemnities receivable from the Municipality was R&#36;60,295. </P>
<P align="justify">
The net book value of the items of property, plant and equipment related to the Municipality of Maua, reclassified in December, 1999, was R&#36;103,763, and the balance of the indemnities receivable from the Municipality was R&#36;85,918. </P>
<P align="justify">
The Company's rights to the recovery of these amounts are being judicially discussed by the municipalities. </P>
<P align="justify">
Sabesp filed lawsuits to collect the amounts due by the municipalities. With respect to Diadema, the decision of the lower court judge was unfavorable to Sabesp, which filed an appeal in November 2000. In December 2005, Sabesp's appeal to have the
agreement entered into with the municipality of Diadema declared valid was partially accepted. Although the City Hall has filed appeals against such decision, all of them were rejected, and the lawsuit has become res judicata on April, 2009. In
December 2007, the decision that accepted the execution of Companhia de Saneamento the Diadema - Saned was rendered, ordering this company to be
summoned to pay the full amount of the debt within 15 days under the penalty of fine. Saned filed an interlocutory appeal against this decision, but the appeal was rejected by the Court of Justice in June 2008. In order to pursue the execution, the
judge authorized the realization of an online pledge of funds in bank accounts and financial investments of Saned (online pledge) in up to 10% of the restated amount of the debt. An appeal has been filed against such decision, but the Court
maintained the determination, in a decision that has already become res judicata. R&#36;2,919 was blocked and withdrawn on March 3, 2009. Later, the Court of Justice determined in a preliminary injunction that the pledge be made upon weekly deposits
by Saned in the amount corresponding to 20% of all it receipts in its accounts and financial investments. </P>
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<P align="justify">On December 29, 2008, Saned and the Municipality of Diadema entered into, with the State of S&atilde;o Paulo and Sabesp, a Memorandum of Intent with the purpose to prepare studies and conduct negotiations to instruct decisions of Diadema and Sabesp,
aiming at the exclusive rendering of water and sewage services in the Municipality of Diadema. </P>
<P align="justify">
The parties agreed that the search for a negotiated solution for the currently existing conflicts among the companies is fundamental so that the public service of water supply, sewage collection and treatment have their proper development in
Diadema. </P>
<P align="justify">
On January, 2009 the parties presented a joint petition requesting the suspension of new pledges for a period of three months in order to try to make an agreement viable. The suspension was granted by the Judge for Public Finances. Upon the
maintenance of the negotiations for a possible agreement, the suspension request was renewed in April, 2009 and October, 2009. </P>
<P align="justify">
With regards to Mau&aacute;, a first level decision was announced determining that the Municipality should pay the amount of R&#36;153.2 million as compensation for the damages caused and for loss of profits. The Maua's City Hall appealed against
this decision in April, 2005. In July 2006, the decision was converted into diligence work, consisting of an expert clarification of the amount of the indemnity for loss of profits. Clarification was provided in December 2007 and the expert
confirmed the amount of the loss of profits determined by the lower court. In August, 2008, the appeal was judged, being fully maintained the conviction imposed at the first level. The Maua's City Hall filed special and extraordinary appeals against
the decision that confirmed its conviction to indemnify Sabesp. </P>
<P align="justify">
Based on the opinion of the legal counsels, Management continues to affirm that the Company has a legal right to receive the amounts corresponding to the indemnities and it continues to monitor the situation of the lawsuits. </P>
<P align="right">
<B>Page: </B>36 </P>

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<P>
<B>7. INVESTMENTS</B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=20%></TD>
	<TD width=2%></TD>
	<TD width=20%></TD>
	<TD width=2%></TD>
	<TD width=20%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Jun/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Equity Result&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Sept/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Sesamm&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,722&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(30)</TD>
	<TD>&nbsp;</TD>
  <TD align=right>3,692&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Others&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>720&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>720&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Total&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,442&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(30)</TD>
	<TD>&nbsp;</TD>
  <TD align=right>4,412&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="justify">
On August 15, 2008 the company Sesamm - Servi&ccedil;os de Saneamento de Mogi Mirim S/A was constituted with a duration term of 30 years, counted from the date of signature of the Concession Contract with the municipality whose corporate objective
is the rendering of services for the completion of the implementation of the separation system of sewage and implementation and operation of the sewage treatment system of the Municipality of Mogi Mirim, including the disposal of solid waste
generated. </P>
<P align="justify">
On September 30, 2009 Sesamm's capital stock was R&#36;10,669, divided into 10,669,549 common nominative shares, with no par value, of which Sabesp holds a 36% equity interest. </P>
<P>
On September 30, 2009 Sesamm's operations had not yet started. </P>
<P align="right">&nbsp;</P>
<P align="right">&nbsp;</P>
<P align="right"><B>Page: </B>37 </P>
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<P>
<B>8. PROPERTY, PLANT &amp; EQUIPMENT </B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan="7" align=center>PARENT COMPANY&nbsp;</TD>
  </TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="6" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp; &nbsp;Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Jun/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center">&nbsp;</TD>
        	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Accumulated&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Adjusted cost&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>depreciation&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Net&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Net&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
        	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>In use&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Water systems&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Land&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>953,696&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>953,696&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>953,693&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Buildings&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,693,181&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,697,472)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>995,709&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>1,014,617&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Connections&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,062,183&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(447,384)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>614,799&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>610,156&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Water meters&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>301,731&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(153,455)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>148,276&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>151,507&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Networks&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,541,802&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,220,426)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,321,376&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>2,323,859&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Wells&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>196,487&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(113,367)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>83,120&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>85,903&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Equipment&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>569,191&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(395,363)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>173,828&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>176,201&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Others&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>16,976&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(14,203)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,773&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>2,781&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
        	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>9,335,247&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(4,041,670)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,293,577&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>5,318,717&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Sewage systems&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Land&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>347,108&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>347,108&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>347,108&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Buildings&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,667,173&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(741,665)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>925,508&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>901,200&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Connections&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>962,124&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(442,377)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>519,747&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>518,671&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Networks&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,776,526&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,432,204)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,344,322&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>4,333,127&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Equipment&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>624,440&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(462,613)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>161,827&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>156,316&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Others&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,035&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,170)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,865&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>1,927&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
        	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>9,382,406&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,082,029)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6,300,377&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>6,258,349&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD><B>General use</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Land&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>106,880&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>106,880&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>106,880&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Buildings&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>135,208&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(86,355)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>48,853&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>50,729&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Transportation equipment&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>143,212&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(121,244)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>21,968&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>21,440&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Information Technology Equipment&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>117,265&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(73,320)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>43,945&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>44,573&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Furniture, Fixtures and Equipment&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>233,425&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(130,406)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>103,019&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>112,041&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Lands granted in free lease&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>20,488&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>20,488&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>20,488&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Items granted in free lease&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,412&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(2,489)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,923&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>5,923&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
        	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>764,890&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(413,814)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>351,076&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>362,074&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
        	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>Subtotal in operation</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>19,482,543&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(7,537,513)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>11,945,030&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>11,939,140&nbsp;</TD>
</TR>
<TR>
	<TD colspan=9>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Work in progress:&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Water systems&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,332,092&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,332,092&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>1,174,710&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Sewage systems&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,115,793&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,115,793&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>1,864,718&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left> &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Others&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>10,003&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>10,003&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>9,539&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
        	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Subtotal in progress&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,457,888&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,457,888&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>3,048,967&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
        	<TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR>
	<TD colspan=9>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>Grand Total</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>22,940,431&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(7,537,513)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,402,918&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>14,988,107&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
        	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>38 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_39"></A>

<P align="justify">
The consolidated balance amounts to R&#36;15,404,423, resulting in a difference of R&#36;1,505, R&#36; 4,180 referring to projects and execution of works of the sanitation sewage system and R&#36;15 represented mainly by installations, furniture and
equipment. </P>
<P align="justify">
The operating fixed assets represent the assets involved in the services of providing water supply and sewage collection in 365 municipalities. Of the assets originated from contracts negotiated based on financial and economic appraisals, Sabesp
holds the possession and management.</P>
<P align="justify">
Up to September 2009, 79 concession contracts had expired, all in the phase of negotiation with the municipalities, without prejudice to the continuation of the services rendered. The net book value of the property, plant and equipment used in these
municipalities totals R&#36;1,950,793. The depreciation charges in the third quarter of 2009 of these municipalities were R&#36;16,811. </P>
<P align="justify">
The concession contracts provide that the assets will be reversed to the conceding power at the end of the period, upon indemnity at the net market value as set forth in each contract. In the contract programs, the indemnity will correspond to the
net present value of the cash flow in the remaining period at the date of retaking the services, monetarily restated and increased by interest until the date of effective payment. </P>
<P>
(a) Depreciation </P>
<P align="justify">
Depreciation is calculated at the following rates: </P>
<P align="justify">
Structure - 4%, connections - 5%, hydrometers - 10%, networks - 2%, wells - 5%, equipment - 10%, transportation equipment - 20%, information technology equipment - 20%, furniture and fixtures - 10%. </P>
<P align="justify">
Pursuant to the determination introduced by CPC-13 - Initial Adoption of Law No. 11638/07, in items 53 and 54, the Company will review the useful life of items of its fixed assets for the year 2009. </P>
<P>
(b) Write-off of Property, Plant and Equipment</P>
<P align="justify">
(i) The Company wrote-off, in the third quarter of 2009 and from January to September, 2009, items of fixed assets amounting to R&#36;5,702 and R&#36;14,021, respectively (2008 &#150; R&#36;2,358 and R&#36;9,049) resulting in a total loss of
R&#36;5,702 and R&#36;11,750, respectively. R&#36;2,272 and R&#36;6,898 related to items in operation, due to obsolescence, thefts and transfers, and R&#36;3,430 and R&#36;4,852 referring to deactivated works, unproductive wells and projects
economically unfeasible. </P>
<P align="justify">
(ii) The Company recorded, in the third quarter of 2008, a loss with fixed assets of R&#36;137,346 referring to leasehold improvements (DAEE &#150; Sistema Alto Tiete) </P>
<P>
(c) Capitalization of Interest and Financial Costs </P>
<P align="justify">
The Company capitalized interest and monetary variation, including foreign exchange variations, to property, plant and equipment amounting to R&#36;(10,757) in the third quarter of 2009 (in the third quarter of 2008 - R&#36;78,358), during the
period when the assets were presented as work in progress. </P>
<P align="right">
<B>Page: </B>39 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_40"></A>

<P>
(d) Work in Progress </P>
<P align="justify">
The prevision for disbursements from the fourth quarter of 2009 until 2014, relating to investments already contracted, is approximately R&#36;2,099 million (not audited). </P>
<P>
(e) Expropriations </P>
<P align="justify">
As a result of the execution of priority works related to the water and sewage systems there was the need to expropriate or the institution of rights of passage in third party properties, for which owners will be reimbursed by amicable or judicial
means.</P>
<P align="justify">
The forecast for disbursements to be made after the fourth quarter of 2009 is approximately R&#36; 495 million (not audited), to be covered by own resources. The assets, the object of these processes, are to be recorded in fixed assets when the
operation is completed. In the third quarter of 2009, the amount referring to expropriations was R&#36; 612 (in the third quarter of 2008 - R&#36; 1,590). </P>
<P>
(f) Assets given in Guarantee </P>
<P align="justify">
On September 30, 2009 and June 30, 2009 the Company maintained assets amounting to R&#36;249,034, given in guarantee for Requests of Special Payment in Installments - Paes (Note 12). </P>
<P>
(g) Non-operating Assets </P>
<P align="justify">
The Company had, on September 30, 2009 and June 30, 2009 an amount of R&#36;26,411, related mainly to lands granted in free lease to the Associations, Assistance Entities, Non-Governmental Organizations and to the DAEE - Departamento de Aguas e
Energia Eletrica, among others. </P>
<P>
(h) Revaluation </P>
<P align="justify">
Property, plant and equipment items were revaluated in 1990 and 1991 and are being depreciated at annual rates which take into consideration the estimated remaining economic useful lives of the assets as determined in the respective valuation
reports that, as a rule, fall within the ranges of the above presented rates. </P>
<P align="justify">
As permitted by CVM Instruction 197/93, the Company did not record a provision for the tax effects (deferred taxes) on the surplus arising from the revaluation of property, plant and equipment carried out in 1990 and 1991. Had the income tax and
social contribution on the revaluation reserve been accounted for, the unrealized amount at September 30, 2009 would be R&#36; 348,956 (R&#36; 378,477 at September 30, 2008). An amount of R&#36; 67,366 was realized in the period of six months ended
September 30, 2009 and R&#36; 65,100 in the period of six months ended September 30, 2008, of the revaluation reserve. </P>
<P align="justify">
The Company elected to maintain the Revaluation Reserve recorded until its effective realization. </P>
<P>
(i) Assets totally depreciated in use </P>
<P align="justify">
On September 30, 2009 and June 30, 2009 the gross book value of the totally depreciated assets that are still in use is R&#36;920,801 and R&#36;913,423, respectively. </P>
<P align="right">
<B>Page: </B>40 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>


<A name="page_41"></A>

<P>
<B>9. INTANGIBLE </B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
    <TD colspan=3 align=center>PARENT COMPANY AND CONSOLIDATED&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Jun/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Concessions (i)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>507,413&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>513,110&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Program Contracts - Commitments (ii)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>259,323&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>261,569&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>License for Use (Software) (iii)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,230&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,311&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Program Contracts - investments realized (iv)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>319,551&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>314,851&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,093,517&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,093,841&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
(i) Concessions </P>
<P align="justify">
In the period between 1999 and 2006, the negotiations for new concessions were realized on the basis of the economic and financial results of the transaction, defined in an appraisal report issued by independent experts. </P>
<P align="justify">
The amount determined in the respective contract, after the transaction is closed with the municipal authorities, with payment through Company shares (through December 2000) or in cash, is recorded in this account and amortized over the period of
the respective concession (mostly 30 years). As of September 30, 2009 and June 30, 2009 there were no amounts pending related to these payments to the municipalities.</P>
<P align="justify">
The net amount shown relates to concessions with the following municipalities: </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=7 align=center valign="middle">PARENT COMPANY AND CONSOLIDATED&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan=7 align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan="5" align=center valign="middle">Sept/09&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Jun/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="4" align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
  <TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">Adjusted&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Accumulated&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle"> &nbsp; &nbsp; &nbsp;cost&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">amortization&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Net&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Net&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Agudos&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>10,124&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(2,751)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,373&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,469&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Bom Sucesso do Itarar&eacute;&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>735&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(87)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>648&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>657&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Campo Limpo Paulista&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>18,193&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(4,421)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>13,772&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>13,936&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Conchas&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,131&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(848)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,283&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,308&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Duartina&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,878&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(467)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,411&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,430&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Est&acirc;ncia de Serra Negra&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,604&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(2,953)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>12,651&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>12,793&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Itapira&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>16,361&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,330)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,031&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,030&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Itarar&eacute;&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6,519&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(2,018)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,501&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,562&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Marab&aacute; Paulista&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,895&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(250)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,645&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,659&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Miguel&oacute;polis&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>11,650&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,831)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>9,819&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>9,955&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Osasco&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>296,669&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(87,067)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>209,602&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>212,208&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Paragua&ccedil;u Paulista&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>25,905&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(5,398)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>20,507&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>20,773&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Paulist&acirc;nia&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>160&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(45)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>115&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>117&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Sandovalina&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,556&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(307)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,249&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,277&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Santa Maria da Serra&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,196&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(347)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>849&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>860&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>S&atilde;o Bernardo do Campo&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>237,464&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(44,948)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>192,516&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>194,505&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>41 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_42"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=7 align=center valign="middle">PARENT COMPANY AND CONSOLIDATED&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan=7 align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan="5" align=center valign="middle">&nbsp; &nbsp; &nbsp; &nbsp;Sept/09&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Jun/09&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="4" align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">Adjusted&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Accumulated&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle"> &nbsp; &nbsp; &nbsp;cost&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">amortization&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Net&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Net&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>V&aacute;rzea Paulista&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,740&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(4,299)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>11,441&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>11,571&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Total&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>666,780</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(159,367)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>507,413</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right><B>513,110</B>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="justify">
The amortization of intangible assets is realized during the effective period of the concession agreements of the related municipalities. </P>
<P align="justify">
In the third quarter of 2009 and 2008, amortization expenses related to concession intangible rights were R&#36;5,790 and R&#36;5,368, respectively.</P>
<P>
(ii) Program Contracts </P>
<P align="justify">
As from the regulatory mark, renewals occur by means of contract programs. In some of them the Company assumed commitments to financially participate in social environmental sanitation actions. These commitments were recorded as an offset to
intangible assets amounting to R&#36;269,469 in the second and third quarters of 2009, deducted from the adjustment to present value of R&#36;85,026, in the second and third quarters of 2009. These assets are being amortized over the duration of the
program contracts (in their majority over 30 years). The committed amounts are related to the following municipalities: </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=7 align=center valign="middle">PARENT COMPANY AND CONSOLIDATED&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan=7 align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Sept/09&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Jun/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Accumulated&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><U>Municipality</U>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">Amount&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">amortization&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Net&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Net&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Alfredo Marcondes&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>70&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(4)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>66&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>67&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Aparecida D'Oeste&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>45&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(2)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>43&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>43&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Avar&eacute;&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,000&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(208)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,792&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,833&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Bento de Abreu&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>50&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>47&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>47&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Bocaina&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>800&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(47)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>753&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>760&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Ca&ccedil;apava&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>9,000&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(375)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,625&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,700&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Campos do Jord&atilde;o&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,000&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(208)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,792&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,817&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Cap&atilde;o Bonito&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,000&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(83)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,917&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,933&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Emilian&oacute;polis&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>112&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(8)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>104&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>105&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Fartura&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>243&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(10)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>233&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>235&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Fernand&oacute;polis&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>9,500&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(554)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,946&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>9,025&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Franca&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>20,676&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,493)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>19,183&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>19,355&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Indiapor&atilde;&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>250&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(10)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>240&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>242&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Jales&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,426&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(307)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,119&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,156&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Lorena&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>9,000&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(525)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,475&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,550&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Mococa&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,844&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(369)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,475&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,550&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Mombuca&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>196&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(12)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>184&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>186&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Monte Alto&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,000&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(222)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,778&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,819&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Novo Horizonte&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,000&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(208)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,792&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,833&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>42 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_43"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=7 align=center valign="middle">PARENT COMPANY AND CONSOLIDATED&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan=7 align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Sept/09&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Jun/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Accumulated&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><U>Municipality</U>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">Amount&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">amortization&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Net&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Net&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Pindamonhangaba&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>16,000&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(756)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,244&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,378&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Piratininga&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>350&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(16)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>334&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>337&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Planalto&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>39&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>36&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>37&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Riol&acirc;ndia&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,643&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(110)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,533&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,555&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>S&atilde;o Jo&atilde;o da Boa Vista&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>16,700&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(696)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>16,004&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>16,143&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>S&atilde;o Jos&eacute; dos Campos&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>142,945&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,574)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>139,371&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>140,563&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>S&atilde;o Luiz Paraitinga&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>600&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(35)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>565&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>570&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>S&atilde;o Manuel&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,300&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(54)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,246&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,257&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Tup&atilde;&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,540&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(246)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,294&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,340&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Valentim Gentil&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>140&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(8)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>132&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>133&nbsp;</TD></TR>
    <TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Total&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>269,469&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(10,146)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>259,323&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>261,569&nbsp;</TD></TR>
    <TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="justify">
In the third quarter of 2009 and 2008, the amortization expenses related to the commitments of program contracts were R&#36;2,246 and R&#36;593, respectively. </P>
<P align="justify">
The amounts not yet disbursed related to program contracts are recorded under the caption &#147;Commitments of Program Contracts&#148; in current liabilities, R&#36;44,551 (June/2009 - R&#36;52,674) and non-current liabilities, R&#36;119,452
(June/2009 - R&#36;110,446). </P>
<P>
(iii) License for Use (Software) </P>
<P align="justify">
The net amount of the amortizations of licenses for the use of Software on September 30, 2009 was R&#36;7,230 (June/2009 - R&#36;4,311). </P>
<P>
(iv) Program Contracts - Investments Realized </P>
<P align="justify">
On September 30, 2009 the Company reclassified the amount of R&#36;252,319 from fixed assets to intangibles according to CPC 04 (Intangible Assets) referring to the program contracts signed by the Company. Such reclassification was also made in the
balances of June, 2009 (R&#36;252,438) for comparison purposes. </P>
<P align="right">
<B>Page: </B>43 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_44"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=10%></TD>
	<TD width=2%></TD>
	<TD width=10%></TD>
	<TD width=2%></TD>
	<TD width=10%></TD>
	<TD width=2%></TD>
	<TD width=10%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD colspan=7 align=center valign="middle">PARENT COMPANY AND CONSOLIDATED&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Sept/09&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Jun/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Restated&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Accumulated&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Cost&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">amortization&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Net&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Net&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>In use&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Water systems&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Lands&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,057&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,057&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>7,057&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Buildings&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>40,520&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(2,897)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>37,623&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>36,072&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Connections&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>19,005&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,035)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>17,970&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>18,325&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Water meters&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>11,249&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(982)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>10,267&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>9,877&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Networks&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>68,706&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,997)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>66,709&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>61,560&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Wells&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,614&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(550)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,064&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>4,824&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Equipment&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,057&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(883)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,174&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>7,856&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>87&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(6)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>81&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>114&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Subtotal&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>160,295&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(8,350)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>151,945&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>145,685&nbsp;</TD>
</TR>
<TR>
	<TD colspan=11>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Sewage systems&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Lands&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,486&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,486&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>2,486&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Buildings&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>39,379&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(2,479)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>36,900&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>37,303&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Connections&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>25,042&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,408)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>23,634&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>24,036&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Networks&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>94,819&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(443)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>94,376&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>91,191&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Equipment&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,866&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,303)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,563&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>5,959&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Others&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>59&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(2)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>57&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>74&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Subtotal&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>167,651&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(7,635)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>160,016&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>161,049&nbsp;</TD>
</TR>
<TR>
	<TD colspan=11>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>General use&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Lands&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,653&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,653&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>1,653&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Buildings&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,103&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(149)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,954&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>1,972&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Transportation&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>equipment&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,139&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(66)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,073&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>1,054&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Furniture, Fixtures and&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Equipment&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,349&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(439)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,910&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>3,438&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Subtotal&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8,244&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(654)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,590&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>8,117&nbsp;</TD>
</TR>
<TR>
	<TD colspan=11>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>Total in operation&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>336,190&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(16,639)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>319,551&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=right>314,851&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>44 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_45"></A>

<P>
<B>10. LOANS, FINANCINGS &amp; DEBENTURES</B></P>
<P>
(i) Outstanding balance of loans and financings </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:9px">
<TR>
	<TD></TD>
	<TD width=1%></TD>
	<TD width=5%></TD>
	<TD width=1%></TD>
	<TD width=5%></TD>
	<TD width=1%></TD>
	<TD width=1%></TD>
	<TD width=1%></TD>
	<TD width=5%></TD>
	<TD width=1%></TD>
	<TD width=5%></TD>
	<TD width=1%></TD>
	<TD width=5%></TD>
	<TD width=1%></TD>
	<TD width=10%></TD>
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	<TD width=5%></TD>
	<TD width=1%></TD>
	<TD width=8%></TD>
	<TD width=1%></TD>
	<TD width=8%></TD></TR>
<TR valign="bottom">
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD colspan="11" align=center valign="middle">PARENT COMPANY AND CONSOLIDATED&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Sept/09&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Jun/09&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle"></TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" valign="middle" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;Non-&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Non-&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Final&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Annual interest </TD>
  <TD align=center valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Monetary&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Current&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">current&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Total&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Current&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">current&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;Total&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Guarantees&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">maturity&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">rate&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">adjustment&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Financial Institution:&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>COUNTRY&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left valign="middle">Uni&atilde;o Federal / Banco do Brasil&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">282,628&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">1,201,015&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">1,483,643&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">276,358&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">1,272,345&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">1,548,703&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Gov.Est.S.Paulo and&nbsp;own resources&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2014&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">8.50%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">UPR&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left valign="middle">Debentures 6th Issuance&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">225,932&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">225,932&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">237,372&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">226,848&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">464,220&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Unsecured&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2010&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">11%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">IGP-M&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="middle">Debentures 7th Issuance&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">121,476&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">121,476&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">121,968&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">121,968&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Unsecured&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2010&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">10.8%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">IGP-M&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="middle">Debentures 8th Issuance&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">418,863&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">418,863&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">420,561&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">420,561&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Unsecured&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2011&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">10.75%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">IGP-M&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left valign="middle">Debentures 9th Issuance&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">222,271&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">222,271&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">221,423&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">221,423&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Unsecured&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2015&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">CDI+2.75%&nbsp;and 12.87%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">IPCA&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left valign="middle">Caixa Econ&ocirc;mica Federal&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">76,539&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">638,121&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">714,660&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">73,966&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">591,217&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">665,183&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Own Resources&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2009/2031&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">5% to 9.5%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">UPR&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="middle">Promissory Notes&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">599,309&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">599,309&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">598,714&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">598,714&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2009&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">CDI + 3.5%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="middle">FIDC - Sabesp I&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">55,556&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">27,778&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">83,334&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">55,556&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">41,667&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">97,223&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Own Resources&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2011&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">CDI + 0.70%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="middle">Banco Nacional de&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="middle">Desenvolvimento Econ&ocirc;mico e&nbsp;Social - BNDES&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">43,164&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">94,353&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">137,517&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">43,076&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">105,159&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">148,235&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Own Resources&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2013&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">3% + TJLP&nbsp;LIMIT 6%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left valign="middle">Banco Nacional de&nbsp;Desenvolvimento Econ&ocirc;mico e&nbsp;Social - BNDES Baixada Santista&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">77,200&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">77,200&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">50,200&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">50,200&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Own Resources&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2019&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2.5% + TJLP&nbsp;LIMIT 6%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left valign="middle">National Bank of Economic and&nbsp;Social Development - BNDES&nbsp;PAC&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">6,601&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">6,601&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">6,601&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">6,601&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Own Resources&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2023&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2.15% + TJLP&nbsp;LIMIT 6%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left valign="middle">Others&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">3,498&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">13,559&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">17,057&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">3,559&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">15,602&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">19,161&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2010/2018&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">12% / CDI /&nbsp;TJLP+ 6%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">UPR&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left valign="middle">Interests and charges&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">117,471&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">14,954&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">132,425&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">114,840&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">20,947&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">135,787&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left valign="middle">Total Domestic&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">1,525,573&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">2,714,715&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">4,240,288&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">1,525,409&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">2,972,570&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">4,497,979&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
  <TD>&nbsp;</TD></TR>
<TR>
	<TD colspan=21 valign="middle">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left valign="middle">INTERNATIONAL&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="middle">Inter-American Development&nbsp;Bank - BID US&#36; 390,607 thd&nbsp;(jun/09 - US&#36; 389,804 thd.)</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">66,166&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">628,373&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">694,539&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">71,258&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">689,483&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">760,741&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Federal&nbsp;Governmental&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2016/2025&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">3.00% to 4.93%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Currency&nbsp;Basket Var. +&nbsp;US&#36;&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left valign="middle">Euro Bonds - US&#36; 140,000 thd&nbsp;(jun/09 - US&#36; 140,000 thd)</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">248,934&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">248,934&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">273,224&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">273,224&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2016&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">7.5%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">US&#36;&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="middle">JICA - Yens 21,280.000 thd&nbsp;(jun/09 - Yens 21,208,000 thd)</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">421,578&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">421,578&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">431,239&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">431,239&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">Federal Government&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2029&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">1.8% and 2.5%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">Yene&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left valign="middle">BID 1983AB - US&#36; 250,000 thd&nbsp;(jun/09 - US&#36; 250,000 thd.)</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">441,101&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">441,101&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">484,399&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">484,399&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2023&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">4.47% to 4.97%&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">US&#36;&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left valign="middle">Interests and charges&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">27,678&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">27,678&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">17,645&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">-&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">17,645&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left valign="middle">Total International&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">93,844&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">1,739,986&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">1,833,830&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">88,903&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">1,878,345&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">1,967,248&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left valign="middle"><U>TOTAL OF LOANS AND</U>&nbsp;<U>FINANCINGS</U>&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">1,619,417&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">4,454,701&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">6,074,118&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">1,614,312&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">4,850,915&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=right valign="middle">6,465,227&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
	<TD align=left valign="middle">&nbsp;</TD>
	<TD valign="middle">&nbsp;</TD>
  <TD align=left valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
<I>Parity rate, as of September 30, 2009: US&#36;1.7781; Yen 0.019811(June 30, 2009: US&#36;1.9516; Yen 0.020265. </I></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=65%></TD>
	<TD width=2%></TD>
	<TD width=32%></TD></TR>
<TR valign="bottom">
	<TD align=left><I>UPR: Standard Reference Unit</I>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left><I>TJLP: Long-term interest rate</I>&nbsp;</TD></TR>
<TR>
	<TD colspan=3>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><I>CURRENCY BASKET VARIATION: Amount related to the account unit BID</I>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><I>CDI: Interbank Deposit Rate</I>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left><I>IGP-M: General market price index</I>&nbsp;</TD></TR>
</TABLE><BR>
<P align="right">
<B>Page: </B>45 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_46"></A>

<P align="justify">
(ii) The balance of loans and financings are presented in net amounts, discounted the cost of funding shown in the table below. </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=8%></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=9%></TD></TR>
    <TR valign="bottom" style="font-size: 1px">
	<TD colspan="18" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>2015&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Monthly&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>2009&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>2010&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>2011&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>2012&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>2013&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>2014&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>onwards&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Total&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>IRR&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="18" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Debentures -&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>9th issue -&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>1st series&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>69&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>291&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>292&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>293&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>244&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,189&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>0.0244817%&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Debentures -&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>9th issue -&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>2nd series&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>63&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>254&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>254&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>255&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>255&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>256&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>213&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,550&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>0.0178128%&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Promissory&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Notes&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>691&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>691&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>0.0376677%&nbsp;</TD></TR>
<TR>
	<TD colspan=19>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>BID 1983A&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>24&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>102&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>102&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>102&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>102&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>102&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>864&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,398&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>0.0085953%&nbsp;</TD></TR>
<TR>
	<TD colspan=19>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>BID 1983B1&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>31&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>127&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>127&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>127&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>128&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>128&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>695&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,363&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>0.0107294%&nbsp;</TD></TR>
<TR>
	<TD colspan=19>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>BID 1983B2&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>18&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>76&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>76&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>76&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>77&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>77&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>263&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>663&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>0.0128578%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="18" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR>
	<TD colspan=19>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Total&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>896&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>850&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>851&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>853&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>806&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>563&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,035&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6,854&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="18" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="justify">
There is no premium on the financial funding proceeds. </P>
<P>
(iii) On September 1, 2009 the 6th issue of debentures, 2nd series, was fully settled. </P>
<P>
(iv) Repayment schedule of loans and financings </P>
<P align="justify">
The total debt volume to be paid through the end of 2009 is R&#36;824,440 and the amount denominated in US dollars is R&#36;45,703 and the amount of R&#36;778,737 refers to the interest and principal of loans denominated in Brazilian reais falling
due. </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">
<TR>
	<TD></TD>
	<TD width=1%></TD>
	<TD width=7%></TD>
	<TD width=1%></TD>
	<TD width=7%></TD>
	<TD width=1%></TD>
	<TD width=7%></TD>
	<TD width=1%></TD>
	<TD width=7%></TD>
	<TD width=1%></TD>
	<TD width=7%></TD>
	<TD width=1%></TD>
	<TD width=7%></TD>
	<TD width=1%></TD>
	<TD width=7%></TD>
	<TD width=1%></TD>
	<TD width=7%></TD></TR>
    <TR valign="bottom" style="font-size: 1px">
	<TD colspan="16" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;2015&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;and&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=center>BANK&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center valign="middle">2009&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2010&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2011&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2012&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2013&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2014&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">thereafter&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
  <TD align=center valign="middle">TOTAL&nbsp;</TD>
</TR>

<TR valign="bottom" style="font-size: 1px">
	<TD colspan="16" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>COUNTRY&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Federal Government/Banco do Brasil&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>68,428&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>288,679&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>314,208&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>341,995&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>372,239&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>98,094&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,483,643&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Caixa Econ&ocirc;mica Federal (CEF)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>18,542&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>78,134&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>84,880&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>92,546&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>93,631&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>54,886&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>292,041&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>714,660&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Debentures&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>347,408&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>451,786&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>32,922&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>74,090&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>41,168&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>41,168&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>988,542&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>FIDC - SABESP I&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>13,889&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>55,556&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>13,889&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>83,334&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>BNDES (National Bank for Economic and Social&nbsp;Development)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>10,715&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>42,860&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>42,860&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>36,913&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,169&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>137,517&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>BNDES (National Bank for Economic and Social&nbsp;Development) Santos Lowlands&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>9,650&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>9,650&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>9,650&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>48,250&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>77,200&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>BDNES PAC&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>275&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>550&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>550&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>550&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,676&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6,601&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Promissory Notes&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>599,309&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>599,309&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Others&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,048&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,597&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,739&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>383&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>431&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>486&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,373&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>17,057&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Interest and charges&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>66,806&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>58,142&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,477&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>132,425&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="16" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Total - Domestic&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>778,737&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>875,376&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>923,114&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>514,959&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>554,760&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>204,834&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>388,508&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,240,288&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="16" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>46 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_47"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:10px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=7%></TD>
	<TD width=2%></TD>
	<TD width=7%></TD></TR>
    <TR valign="bottom" style="font-size: 1px">
	<TD colspan="16" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2015&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">and&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center valign="middle">BANK&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2009&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2010&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle"> &nbsp; &nbsp;2011&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2012&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2013&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">2014&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">thereafter&nbsp;</TD>
	<TD align="center" valign="middle">&nbsp;</TD>
	<TD align=center valign="middle">TOTAL&nbsp;</TD></TR>

<TR valign="bottom" style="font-size: 1px">
	<TD colspan="16" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>ABROAD&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>BID&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>23,945&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>66,166&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>66,166&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>66,166&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>66,166&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>66,166&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>339,764&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>694,539&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Eurobonds&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>248,934&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>248,934&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>JICA&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>11,394&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>22,788&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>22,788&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>22,788&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>341,820&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>421,578&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>BID 1983AB&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>42,244&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>42,244&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>42,244&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>42,244&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>272,125&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>441,101&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Interest and charges&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>21,758&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,920&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>27,678&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="16" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Total Abroad&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>45,703&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>72,086&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>119,804&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>131,198&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>131,198&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>131,198&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,202,643&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,833,830&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="16" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Grand Total&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>824,440&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>947,462&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,042,918&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>646,157&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>685,958&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>336,032&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,591,151&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6,074,118&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="16" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
(v) Debt structuring </P>
<P align="justify">
The Company has as one of its main objectives the active management of debt, seeking to minimize costs and volatility on the results. </P>
<P>
(vi) Covenants </P>
<P>
As of September 30, 2009, the Company was compliant with all the covenants. </P>
<P>
<B>11. DEFERRED TAXES AND CONTRIBUTIONS </B></P>
<P>
(a) Balances </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=20%></TD>
	<TD width=2%></TD>
	<TD width=20%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center>PARENT COMPANY AND CONSOLIDATED&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Jun/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>In current assets (i)</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred income tax&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>187,940&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>148,712&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred social contribution&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>67,658&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>53,537&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>255,598&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>202,249&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>In non current assets (ii)</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred income tax&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>362,708&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>337,419&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred social contribution&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>130,575&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>121,471&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>493,283&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>458,890&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>In current liabilities (iii)</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred income tax&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>209&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>209&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred social contribution&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>75&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>75&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred PASEP (tax on revenue)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,594&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>16,134&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred COFINS (tax on revenue)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>28,692&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>30,871&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>44,570&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>47,289&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>In non-current liabilities (iv)</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred income tax&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>58,012&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>58,922&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred social contribution&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>16,374&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>16,702&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred PASEP (tax on revenue)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>19,877&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>19,263&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred COFINS (tax on revenue)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>57,698&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>54,869&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>151,961&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>149,756&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>47 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_48"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center>PARENT COMPANY AND&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center>CONSOLIDATED&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD colspan=3 align=center>PARENT COMPANY&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD align="center">&nbsp;</TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
   	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>3&ordm; Qtr /09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Jan to Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>3&ordm; Qtr /08&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Jan to Sept/08&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>In the result of the period&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
</TR>
<TR>
	<TD colspan=9>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Income tax&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(145,564)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(422,056)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(129,774)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(367,264)</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred income tax&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>65,192&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>106,044&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>32,237&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>73,074&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(80,372)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(316,012)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(97,537)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(294,190)</TD>
</TR>
<TR>
	<TD colspan=9>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Social contribution&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(53,258)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(154,001)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(47,219)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(133,410)</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred social contribution&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>23,788&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>38,495&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>11,605&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>23,832&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(29,470)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(115,506)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(35,614)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(109,578)</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD align="center">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
(i) In current assets </P>
<P align="justify">
Substantially calculated based on timing differences amounting to R&#36; 751,758 (Jun/2009 - R&#36; 594,849).</P>
<P>
(ii) In non-current assets </P>
<P align="justify">
Substantially calculated based on timing differences amounting to R&#36; 1,450,833 (Jun/2009 - R&#36; 1,349,677) related to income tax and social contribution. </P>
<P align="justify">
The Company's Management expects to realize the long term balance, mentioned in item (ii) in 2010 in the same proportion of 2009, and the remaining to be realized in the subsequent year 2011. </P>
<P>
(iii) Current Liabilities </P>
<P align="justify">
- - Income Tax and Social Contribution <br>
Substantially calculated based on timing differences amounting to R&#36; 837, related to income tax and social contribution. </P>
<P>
- - PASEP e COFINS </P>
<P align="justify">
Calculated substantially on billings to public entities, and the obligation is determined and the allowance recognized when the service is provided, and its settlement when the invoices are received. </P>
<P>
(iv) In non-current liabilities </P>
<P>
- - Income tax and social contribution</P>
<P align="justify">
Substantially calculated based on timing differences amounting to R&#36; 232,047 (Jun/2009 - R&#36; 235,687) related to income tax and R&#36; 181,941 (Jun/2009 - R&#36; 185,581) related to social contribution. </P>
<P align="right">
<B>Page: </B>48 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_49"></A>

<P>
- - PASEP e COFINS </P>
<P align="justify">
Calculated substantially on billings to government entities, the obligation is determined and the allowance recognized when the service is provided, and settlement when the invoices are received. </P>
<P>
(b) Composition of deferred taxes and contributions </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=20%></TD>
	<TD width=2%></TD>
	<TD width=20%></TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
    <TD colspan=3 align=center>PARENT COMPANY AND&nbsp;CONSOLIDATED&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Jun/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR>
	<TD colspan=5>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>In current assets&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Provisions for contingencies&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>234,439&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>181,090&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Others provisions&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>21,159&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>21,159&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>255,598&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>202,249&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>In non-current assets&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Provision for contingencies&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>255,359&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>225,547&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Provision for social security obligations&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>154,798&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>149,712&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Others&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>83,126&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>83,631&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>493,283&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>458,890&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Total deferred tax assets&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>748,881&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>661,139&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR>
	<TD colspan=5>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>In current liabilities&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Costs on the issuance of securities&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>284&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>284&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Public entity receipts&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>44,286&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>47,005&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>44,570&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>47,289&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>In non-current liabilities&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Costs on the issuance of securities&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,476&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,778&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Public entity revenues&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>72,910&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>73,846&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Public entity receipts&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>77,575&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>74,132&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>151,961&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>149,756&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Total deferred tax liabilities&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>196,531&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>197,045&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
(c) Reconciliation of the effective tax rate </P>
<P>
The amounts recorded as income tax and social contribution expenses in the interim financial statements are reconciled to the statutory rates provided for in law, as shown below: </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center>PARENT COMPANY&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center>AND CONSOLIDATED&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD colspan=3 align=center>PARENT COMPANY&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
   	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>3<SUP>rd </SUP>Qtr/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Jan to Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>3<SUP>rd </SUP>Qtr/08&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Jan to Sept/08&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Profit before taxes&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>305,569&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,348,124&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>364,237&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,298,598&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Statutory rate&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>34%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>34%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>34%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>34%&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Tax expense at statutory rate&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(103,893)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(458,362)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(123,841)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(441,523)</TD>
</TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>49 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_50"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center>PARENT COMPANY&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center>AND CONSOLIDATED&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD colspan=3 align=center>PARENT COMPANY&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>	<TD></TD>
	<TD colspan="2" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
   	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>3<SUP>rd </SUP>Qtr/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Jan to Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>3<SUP>rd </SUP>Qtr/08&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Jan to Sept/08&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Permanent differences&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Realization of revaluation reserve&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(7,371)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(22,905)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(7,375)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(22,134)</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Interest on shareholders' capital&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>47,253&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>68,169&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Other differences&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,422&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,496&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,935)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(8,280)</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Income tax and social contribution&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(109,842)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(431,518)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(133,151)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(403,768)</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR>
	<TD colspan=9>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Current income tax and social contribution&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(198,822)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(576,057)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(176,993)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(500,674)</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Deferred income tax and social contribution&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>88,980&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>144,539&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>43,842&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>96,906&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Effective tax rate&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>36%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>32%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>37%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>31%&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
<B>12. TAX DEBT REFINANCING PROGRAM (PAES) </B></P>
<P align="justify">
The Company applied for enrollment in PAES on July 15, 2003, in accordance with Law No. 10684 of May 30, 2003, and included in its application the debts related to COFINS and PASEP which were involved in a legal action challenging application of Law
No. 9718/98, and the outstanding balance under the Tax Recovery Program (REFIS). The total amount included in PAES was R&#36;316,953. </P>
<P align="justify">
The debt is being paid in 120 months, the amount paid in the 3rd quarter, 2009 was R&#36;8,390 (R&#36;8,304 in the 2nd quarter, 2009), and interest was accrued amounting to R&#36;1,323 in the 3rd quarter, 2009 and R&#36;4,345 in the period from
January to September, 2009 (R&#36;1,730 in the 3rd quarter, 2008 and R&#36;6,637 in the period from January to September, 2008). </P>
<P>
The assets offered as guarantee for REFIS, amounting to R&#36;249,034, continue to guarantee the amounts in the PAES program. </P>
<P>
<B>13. SOCIAL SECURITY LIABILITIES </B></P>
<P align="justify">
The Company is the sponsor of Funda&ccedil;&atilde;o Sabesp de Seguridade Social - Sabesprev, an entity established in August 1990 with the main purpose of administrating the complementary pension plan and the welfare program for Sabesp's employees.</P>
<P>
(a) Pension plan benefits: </P>
<P align="justify">
The monthly contributions to the pension fund - defined benefit correspond to 2.1% by the Company and 2.1% by the participants. </P>
<P align="justify">
Participants' contributions presented above refer to the average contributions, as the discount amount varies from 1% to 8.5% depending on the salary level. </P>
<P align="right">
<B>Page: </B>50 </P>

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<P>
In order to meet the determinations of CVM Resolution 371 of December 13, 2000, the amounts of the pension and retirement benefits granted or to be granted, to which employees are entitled after retirement, are presented below. </P>
<P>
As of December 31, 2008, based on the report of the independent actuary, Sabesp had a net actuarial liability of R&#36;419,871 representing the difference between the present value of the Company's obligations to the participating employees, retired
employees, and pensioners, and the value of the related assets. </P>
<P>
The actuarial liability as of September 30, 2009, of R&#36;464,525 (Jun/2009 - R&#36;449,568), is accounted for in non-current liabilities. </P>
<P>
The estimated expense for 2009 is R&#36;73,086 (2008 - R&#36;67,129), was recognized in the period from July to September 2009 amounting to R&#36;19,176 (July to September, 2008 - R&#36;17,575), as shown below: </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center>PARENT COMPANY AND&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD colspan="3" align=center>&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan="3" align=center>CONSOLIDATED&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD colspan=3 align=center>PARENT COMPANY&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=9>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>3<SUP>rd </SUP>Qtr/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Jan to Sept/09&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align=center>3<SUP>rd </SUP>Qtr/08&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Jan to Sept/08&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Transfer to Sabesprev&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,219&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>12,711&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,109&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>12,265&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Actuarial liability recorded&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>14,957&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>44,654&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>13,466&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>40,483&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Total recorded&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>19,176&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>57,365&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>17,575&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>52,748&nbsp;</TD></TR>

    <TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P>
(b) Welfare plan </P>
<P>
The assistance program, which is made up by optional health plans, freely chosen, is also maintained by contributions of the sponsor (to the plan of active employees) and of the participants, which, in the period, were the following: </P>
<P>
Company: 8.0%, on average, of payroll; <br>
Participating employees: 3.21% of base salary and premiums, equivalent to 2.1% of gross payroll, on average.</P>
<P>
<B>14. PROFIT SHARING </B></P>
<P>
In the quarter ended September 30, 2009 R&#36;14.194 was accrued, which is recorded under payroll and related charges, in current liabilities, related to the period from January to December 2009, based on the attainment of goals set during
negotiations between the Company and entities representing the employees. </P>
<P align="right">
<B>Page: </B>51 </P>

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<P>
<B>15. PROVISIONS FOR CONTINGENCIES </B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=40%></TD>
	<TD width=2%></TD>
	<TD width=10%></TD>
	<TD width=2%></TD>
	<TD width=10%></TD>
	<TD width=2%></TD>
	<TD width=10%></TD>
	<TD width=2%></TD>
	<TD width=10%></TD>
	<TD width=2%></TD>
	<TD width=10%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan="9" align=center>PARENT COMPANY AND CONSOLIDATED&nbsp;</TD>
  </TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center> &nbsp;Jun/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Additions&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Deductions&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Interest, adjustments&nbsp;<br>
    and reversals&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Sept/09&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Customers (i)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>713,809&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>46,031&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(42,335)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>80,319&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>797,824&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Suppliers (ii)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>183,464&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>75,902&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(66)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>71,051&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>330,351&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Other civil lawsuits (iii)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>164,408&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,943&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(8,147)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,295&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>169,499&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Tax (iv)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>26,112&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,659&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(171)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,359&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>28,959&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Labor (v)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>41,567&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,622&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,103)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,785&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>44,871&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Environmental (vi)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>57,366&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>9,262&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(4,291)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(2,602)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>59,735&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Subtotal&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,186,726&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>145,419&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(58,113)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>157,207&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,431,239&nbsp;</TD></TR>
<TR>
	<TD colspan=11>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Escrow deposits&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(60,863)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(28,713)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,162&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(571)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(84,985)</TD></TR>
<TR>
	<TD colspan=11>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Total&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,125,863&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>116,706&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(52,951)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>156,636&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,346,254&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
Management, based on a joint analysis with its legal counsel, made a provision whose amount was considered sufficient to cover probable losses on lawsuits. The amounts related to lawsuits in the sentence execution stage, recorded in current
liabilities, under the caption &#147;Provisions&#148;, of R&#36;604,542 (Jun/2009 - R&#36;471,755), is net of escrow deposits of R&#36;84,985 (Jun/2009 - R&#36;60,863), and the amounts recorded in non-current liabilities, under the caption
&#147;Provisions&#148;, of R&#36;741,712 (Jun/2009 - R&#36;654,108). </P>
<P>
(i) Customers - Approximately 1,310 lawsuits were filed by commercial customers, which claim that their tariffs should be equal to the tariffs of another consumer category, and therefore claim the refund of the amounts collected by Sabesp. The
Company was granted both favorable and unfavorable final decisions at several courts, and recognized provisions when the likelihood of loss is considered probable. </P>
<P>
(ii) Suppliers - Suppliers' claims include lawsuits filed by some building companies alleging an underpayment of monetary adjustments, withholding of amounts related to the understatement of official inflation rates after the Real economic plan, and
the economic and financial imbalance of the agreements. These lawsuits are in progress at different courts and a provision is recognized when the likelihood of loss is considered probable. </P>
<P>
(iii) Other civil lawsuits - refer mainly to indemnity claims for property damage, pain and suffering, and loss of profits allegedly caused to third parties, filed at different court levels, duly accrued when classified as probable losses. </P>
<P>
(iv) Tax lawsuits - the provision for tax contingencies refers mainly to issues related to tax collections challenged due to differences in the interpretation of legislation by the Company's legal counsel, duly accrued when classified as probable
losses. </P>
<P align="right">
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<P>
(v) Labor lawsuits - the Company is a party to labor lawsuits, involving issues such as overtime, health hazard premium and hazardous duty premium, prior notice, change of function, salary equalization, and others. Part of the amount involved is in
provisional or final execution at various court levels, and thus is classified as a probable loss and accordingly a provision was recognized. </P>
<P>
(vi) Environmental lawsuits - refer to several administrative proceedings and lawsuits filed by government entities, including Companhia de Tecnologia de Saneamento Ambiental - Cetesb and the S&atilde;o Paulo State Public Prosecution Office for the
imposition of fines for environmental damages allegedly caused by the Company. The amounts provided do not always represent the final amount to be disbursed as indemnity for alleged damages, in view of the current stage in which such lawsuits are
and Management's impossibility to reasonably estimate the amounts of future disbursements. </P>
<P>
<I>Lawsuits with possible likelihood of loss </I></P>
<P>
The Company is a party to lawsuits and administrative proceedings related to environmental, tax, civil and labor lawsuits, which are considered by its legal counsel as possible losses, and are not recorded in the books. The amount attributed to
these lawsuits and proceedings is approximately R&#36;1,897,000 as of September 30, 2009 (Jun/2009 - R&#36;1,861,000).</P>
<P>
<B>16. SHAREHOLDERS' EQUITY </B></P>
<P>
(a) Authorized capital </P>
<P>
The Company is authorized to increase capital up to R&#36;10,000,000, based on a Board of Directors' resolution, after submission to the Supervisory Board ("Conselho Fiscal"). </P>
<P>
(b) Subscribed and paid-up capital </P>
<P>
Subscribed and paid-up capital is represented by 227,836,623 registered common shares, with no par value, held as follows: </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=40%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan="3" align=center>Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD colspan="3" align=center>Jun/09&nbsp;</TD>
  </TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD align="center"></TD>
	<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Number of&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Number of&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><I>Shareholders</I>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>shares&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>%&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>shares&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>%&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>State Finance Department&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>114,508,085&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>50.26&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>114,508,085&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>50.26&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Companhia Brasileira de Liquida&ccedil;&atilde;o e Cust&oacute;dia&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>54,257,058&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>23.81&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>55,540,814&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>24.38&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>The Bank Of New York ADR&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Department (Equivalent in shares) (*)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>58,435,802&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>25.65&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>57,210,002&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>25.11&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Others&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>635,678&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.28&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>577,722&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.25&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>227,836,623&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>100.00&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>227,836,623&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>100.00&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
(*) Each ADR is equal to 2 shares </P>
<P align="right">
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<A name="page_54"></A>

<P>
(c) Payment to shareholders</P>
<P>
Shareholders are entitled to a minimum mandatory dividend of 25% of the adjusted net income, calculated according to Brazilian Corporation Law. </P>
<P>
On May 14, 2009, the Board of Directors approved the proposal of interest on shareholders' capital related to the period from January to April, 2009, of R&#36;138, 980, which will be paid up to 60 days after the Annual Shareholders' Meeting (AGO) of
2010, net of withholding income tax. </P>
<P>
(d) Capital reserve </P>
<P>
Capital reserve includes tax incentives and donations recorded through December 31, 2007 received from government entities and private institutions. </P>
<P>
(e) Revaluation reserve </P>
<P>
As provided for by CVM Instruction No. 197/93, the Company decided not to record income tax and social contribution on the revaluation reserve of property, plant and equipment items recognized in 1991.</P>
<P>
The reserve is being realized as a contra entry to the caption &#147;retained earnings&#148;, in the same proportion as the depreciation and write-off of the respective assets. </P>
<P>
The balances of the revaluation reserve will be maintained until their effective realization. </P>
<P>
(f) Changes in retained earnings </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=70%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Jun/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Previous Balance&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>627,587&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>277,876&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Realization of Revaluation Reserve&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>21,678&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>24,026&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Results for the period&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>195,727&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>464,665&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Interest on Shareholders' Equity&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(138,980)</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Current Balance&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>844,992&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>627,587&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
(g) Reserve for investments </P>
<P>
The reserve for investments is specifically made up of the portion corresponding to the Company's own resources that will be used for the expansion of the water supply and sewage sanitation systems. </P>
<P align="right">
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<P>
<B>17. FINANCIAL INSTRUMENTS AND RISK </B></P>
<P>
(a) Identification and valuation of the financial instruments </P>
<P>
The Company operates with various financial instruments with emphasis on cash and cash equivalents, including financial investments and loans and financings, described as follows. </P>
<P>
The Company did not realize operations with derivatives in 2009 and 2008. </P>
<P>
(i) Cash &amp; cash equivalents, accounts receivable, other current assets and accounts payable </P>
<P>
The amounts recorded approximate the realization amounts. </P>
<P>
Cash equivalents correspond to the financial investments expressed in reais and have immediate liquidity. </P>
<P>
(ii) Investments </P>
<P>
Consists, mainly, of investments in the company Sesamm (see Note 7) recorded by the equity method of accounting, in which the Company has a strategic interest. Considerations of market value of the shares held are not applicable. </P>
<P>
(iii) Loans and Financings </P>
<P>
In compliance with CPC-14, following are demonstrated the market values of the projected cash flows, at present value, of loans and financings on September 30, 2009. </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=40%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B>Adjustment</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B>Projected Cash</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B>to Present</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center><B>Book value</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B>Flow</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center> <B>Value</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center><B>Differences</B>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left><B>National Currency</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Debentures (i)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,036,160&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,456,594&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,173,826&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(137,666)</TD></TR>
<TR valign="bottom">
	<TD align=left>Funding costs&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,430)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,430)</TD></TR>
<TR valign="bottom">
	<TD align=left>BNDES (ii)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>221,870&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>221,870&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>221,870&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Others (iii)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,985,688&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,280,613&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,262,695&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(277,007)</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,240,288&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,959,077&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,658,391&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(418,103)</TD></TR>
<TR>
	<TD colspan=9>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>Foreign Currency</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Financings (iv)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,837,254&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,530,573&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,529,810&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(692,556)</TD></TR>
<TR valign="bottom">
	<TD align=left>(-) Funding costs&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,424)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,424)</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,833,830&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,530,573&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,529,810&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(695,980)</TD></TR>

<TR>
	<TD colspan=9>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>6,074,118</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>7,489,650</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>7,188,201</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(1,114,083)</B></TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
</TABLE>
<BR>
<P align="right">
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<P>
In order to obtain the market values of Financial Instruments, the following criteria have been adopted: </P>
<P>
(i) Debentures are financings considered by the nominal amount restated up to the maturity date, discounted to present value at the forward interest market rates, disclosed by Andima in the secondary market, having as a basis June 30, 2009 and the
Company's security traded in the domestic market. </P>
<P>
(ii) Financings - BNDES, are instruments considered by the nominal amount restated up to the maturity date, that have as characteristics the indexation to the TJLP, which is a specific modality, not being compared to any other market rate. </P>
<P>
Therefore, the Company opted to publish as market value the amount accounted for as of September 30, 2009 </P>
<P>
(iii) Other financings in national currency are considered by the nominal amount restated up to the maturity date, discounted to present value at the forward interest market rates. The forward rates used were obtained from the BM&amp;F website. </P>
<P>
(iv) Foreign currency financings are controlled in the original currency, converted at the foreign exchange rate at the date of the balance sheet, discounted to present value using the forward market rate obtained on Bloomberg, based on the
Company's shares traded in the market. </P>
<P>
Additionally, the Company has an instrument indexed to the YEN (JICA, as mentioned in Note 10), which, in addition of the premises above, was considered in the conversion to present value the parity of the original currency of the instrument in
relation to the dollar. </P>
<P>
(b) Market risks </P>
<P>
(i) Foreign exchange rate risk </P>
<P>
This risk results from the possibility of the Company incurring losses on account of fluctuations in the foreign exchange rates that impact the balances of loans and financings in foreign currency funded in the market and, consequently, the
financial expenses. The Company does not maintain &#147;hedge&#148; or &#147;swap&#148; operations, however, it carries out an active management of the debt, seeking to reduce the exposure in foreign currency, taking advantage of the windows of
opportunity, to exchange expensive debts for cheaper debts, reducing the cost by means of anticipation of the maturity dates. </P>
<P align="right">
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<P>
A significant portion of the Company's financial debt was linked to the US dollar and to the Yen, amounting to R&#36;1,833,830 (Note 10). The table below summarizes the Company's exposure to exchange rates at September 30, 2009. </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=70%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=center><B>PARENT COMPANY and Consolidated</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan=3 align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan="3" align=center>In thousands&nbsp;</TD>
  </TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>US&#36;&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Japanese Yen&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Loans and financing&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>780,607&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>21,280,000&nbsp;</TD></TR>

    <TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
(ii) Interest rate risk</P>
<P>
This risk arises from the possibility that the Company may incur losses due to interest rate fluctuations and indices that increase their interest expenses on loans and financing. The Company has not entered into any derivative contract to hedge
against this risk; however, it continually monitors market interest rates in order to evaluate the possible need to replace its debt. As of September 30, 2009, the Company had R&#36;1,093,985 in loans and financing which were obtained at variable
interest rates (CDI and TJLP). </P>
<P>
Another risk faced by the Company is the lack of correlation between the monetary adjustment indices of its debt and those of its receivables. Water supply and sewage treatment tariffs do not necessarily follow the increases in the interest rates
affecting the Company's debt. </P>
<P>
(iii) Credit risk</P>
<P>
Credit risk is mitigated by selling to a geographically dispersed customer base. </P>
<P>
(c) Sensitivity analysis </P>
<P>
Following is presented the table demonstrating the sensitivity analysis of the financial instruments that may generate significant impacts on the Company. </P>
<P>
Under the terms of CVM Instruction 475/08, in order to demonstrate the financial balances of assets and liabilities converted to a rate projected to December 31, 2009 with appreciation of 25% and 50% in Scenario I and 25% and 50% of deterioration in
Scenario II, according to the table below: </P>
<P align="right">
<B>Page: </B>57 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_58"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=40%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left><B>SCENARIO I</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan="7" align=center><B>Sept/2009</B>&nbsp;</TD>
  </TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Higher rate in&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Higher rate in&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Financial Instruments&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Risk&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Probable&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center> 25%&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>50%&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left><B>Financial Asset</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Cash &amp; Cash Equivalents&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Financial Investments (Nossa Caixa and&nbsp;Bradesco)</TD>
	<TD>&nbsp;</TD>
	<TD align=center>CDB&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>342,842&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>428,553&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>514,263&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD colspan="9" align=left><B>Financial Liability</B>&nbsp;<B>Loans and Financings</B>&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Banco do Brasil, CEF and City Hall of&nbsp;Presidente Prudente&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>UPR&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,231,993&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,789,991&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,347,989&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Debentures, FIDC and BI Cia.&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Secutirizadora&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>CDI&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>944,322&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,180,403&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,416,483&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Debentures&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>IGPM&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>825,406&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,031,758&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,238,109&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Debentures&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>IPCA&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>145,639&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>182,049&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>218,459&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>BNDES and Fehidro&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>TJLP&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>225,936&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>282,420&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>338,904&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>BID and Eurobonds&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>US&#36;&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,405,093&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,756,366&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,107,640&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>JICA&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>JPI&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>427,239&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>534,049&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>640,859&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>58 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_59"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=55%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan=3 align=right>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>References for Financial Liabilities -</B>&nbsp;<B>Scenario I</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Rate projected to&nbsp;December 31, 2009*&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD colspan="3" align=center>Increase of the rate in:&nbsp;</TD>
  </TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>25%</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>50%</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=center>UPR&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.67%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.84%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1.01%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>CDI (CDB)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8.37%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>10.46%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>12.56%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>IGPM&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4.40%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5.55%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6.66%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>IPCA&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4.89%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6.11%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7.34%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>TJLP&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6.00%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7.50%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>9.00%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>US&#36;&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1.80&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2.25&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2.70&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>JPI&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.020077&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.02510&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.03012&nbsp;</TD></TR>
</TABLE>
<BR>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=40%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left><B>SCENARIO II</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center><B>Sept/09</B>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Lower rate in&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Lower rate in&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Financial Instruments&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Risk&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Probable&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center> 25%&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center> 50%&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left><B>Financial Asset</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=left>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Cash &amp; Cash Equivalents&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Financial Investments (Nossa Caixa e&nbsp;Bradesco)</TD>
	<TD>&nbsp;</TD>
	<TD align=center>CDB&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>342,842&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>257,132&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>171,421&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD colspan="9" align=left><B>Financial Liability</B>&nbsp;<B>Loans and Financings</B>&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Banco do Brasil, CEF and City Hall of&nbsp;Presidente Prudente&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>UPR&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2,231,993&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,673,995&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,115,996&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Debentures, FIDC and BI Cia.&nbsp;Secutirizadora&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>CDI&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>944,322&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>708,242&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>472,161&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Debentures&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>IGPM&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>825,406&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>619,056&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>412,704&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Debentures&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>IPCA&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>145,639&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>109,229&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>72,819&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>BNDES and Fehidro&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>TJLP&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>225,936&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>169,452&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>112,968&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>BID and Eurobonds&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>US&#36;&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,405,093&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,053,819&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>702,546&nbsp;</TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=right>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>JBIC&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>JPI&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>427,239&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>320,429&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>213,619&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>59 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_60"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=55%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>

<TR valign="bottom">
	<TD align=left><B>References for Financial Liabilities &#150;</B>&nbsp;<B>Scenario II</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>Rate projected to&nbsp;December 31, 2009*&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD colspan="3" align=center>Decrease of the rate in:&nbsp;</TD>
  </TR>
<TR valign="bottom" style="font-size: 1px">
	<TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>25%</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>50%</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=center>UPR&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.67%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.50%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.34%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>CDI (CDB)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>8.37%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6.28%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4.19%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>IGPM&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4.40%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3.30%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2.20%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>IPCA&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4.89%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3.67%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>2.45%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>TJLP&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>6.00%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4.50%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3.00%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>US&#36;&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1.80&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1.35&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.90&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=center>JPI&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.020077&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.01506&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.01004&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
These sensitivity analysis have the objective to measure the impact of the changes in the market variables on the Company's financial instruments. Such amounts, when settled, may present values different from those demonstrated above, due to the
estimates used in their preparation process. </P>
<P>
* The rates projected to December 31, 2009 were obtained through the websites of BM&amp;F and Central Bank of Brazil, report <I>Focus. </I></P>
<P>
<B>18. OPERATING REVENUE </B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=40%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>3<SUP>rd </SUP>Qtr /09 </TD>
	<TD align=center>&nbsp;</TD>
	<TD align=center>Jan to Sept /09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>3<SUP>rd </SUP>Qtr /08 </TD>
  <TD align=center>&nbsp;</TD>
  <TD align=center>Jan to Sept /08&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=9>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>S&atilde;o Paulo's Metropolitan Region&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,335,909&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4,469,216&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,312,417&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,811,797&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Regional systems (i)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>413,167&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>802,879&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>404,849&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,191,425&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Total&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,749,076&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,272,095&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,717,266&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5,003,222&nbsp;</TD></TR>

    <TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>

</TABLE>
<BR>
<P>
(i) Comprises municipalities operating in inland and coastal regions of the State of S&atilde;o Paulo. </P>
<P align="right">
<B>Page: </B>60 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>


<A name="page_61"></A>

<P>
<B>19. OPERATING COSTS AND EXPENSES </B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=40%></TD>
	<TD width=2%></TD>
	<TD width=8%></TD>
	<TD width=2%></TD>
	<TD width=8%></TD>
	<TD width=2%></TD>
	<TD width=8%></TD>
	<TD width=2%></TD>
	<TD width=8%></TD>
	<TD width=2%></TD>
	<TD width=8%></TD>
	<TD width=2%></TD>
	<TD width=8%></TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan="7" align=center>PARENT COMPANY&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD colspan=3 align=center> &nbsp;CONSOLIDATED&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>3 <SUP>rd </SUP>Qtr/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Jan to Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>3 <SUP>rd </SUP>Qtr/08&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Jan to Sept/08&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>3 <SUP>rd </SUP>Qtr/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Jan to Sept/09&nbsp;</TD>
</TR>

    <TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>

<TR valign="bottom">
	<TD align=left><B>Cost of sales and services</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Payroll and related charges&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(265,849)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(913,905)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(257,355)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(762,021)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(265,849)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(913,905)</TD></TR>
<TR valign="bottom">
	<TD align=left>General supplies&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(35,784)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(100,657)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(34,561)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(95,904)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(35,784)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(100,657)</TD></TR>
<TR valign="bottom">
	<TD align=left>Treatment supplies&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(33,400)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(105,266)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(32,085)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(100,017)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(33,400)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(105,266)</TD></TR>
<TR valign="bottom">
	<TD align=left>Outside services&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(138,242)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(447,306)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(111,219)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(302,211)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(138,242)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(447,306)</TD></TR>
<TR valign="bottom">
	<TD align=left>Electricity&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(121,004)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(358,925)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(113,333)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(341,474)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(121,004)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(358,925)</TD></TR>
<TR valign="bottom">
	<TD align=left>General expenses&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(11,606)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(32,899)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(9,408)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(25,873)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(11,606)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(32,899)</TD></TR>
<TR valign="bottom">
	<TD align=left>Depreciation and amortization&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(156,209)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(468,408)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(150,239)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(448,190)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(156,209)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(468,408)</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(762,094)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(2,427,366)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(708,200)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(2,075,690)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(762,094)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(2,427,366)</B></TD></TR>
<TR valign="bottom">
	<TD align=left><B>Selling expenses</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Payroll and related charges&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(48,916)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(161,327)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(45,087)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(131,635)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(48,916)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(161,327)</TD></TR>
<TR valign="bottom">
	<TD align=left>General supplies&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,923)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(5,735)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,602)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(4,431)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,923)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(5,735)</TD></TR>
<TR valign="bottom">
	<TD align=left>Outside services&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(61,478)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(144,426)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(38,714)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(90,005)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(61,478)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(144,426)</TD></TR>
<TR valign="bottom">
	<TD align=left>Electricity&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(195)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(536)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(191)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(556)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(195)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(536)</TD></TR>
<TR valign="bottom">
	<TD align=left>General expenses&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(16,297)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(47,189)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(16,163)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(45,047)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(16,297)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(47,189)</TD></TR>
<TR valign="bottom">
	<TD align=left>Depreciation and amortization&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,097)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,367)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(988)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(2,880)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,097)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,367)</TD></TR>

<TR valign="bottom">
	<TD align=left>Allowance for doubtful accounts,&nbsp;net of recoveries&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(71,509)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(234,658)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(60,845)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(252,619)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(71,509)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(234,658)</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(201,415)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(597,238)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(163,590)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(527,173)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(201,415)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(597,238)</B></TD></TR>
<TR valign="bottom">
	<TD align=left><B>Administrative expenses:</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Payroll and related charges&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(39,765)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(128,171)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(36,550)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(107,926)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(39,828)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(128,358)</TD></TR>
<TR valign="bottom">
	<TD align=left>General supplies&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,756)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(4,716)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,236)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,349)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,758)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(4,722)</TD></TR>
<TR valign="bottom">
	<TD align=left>Outside services&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(36,592)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(102,493)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(22,827)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(61,469)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(36,602)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(102,664)</TD></TR>
<TR valign="bottom">
	<TD align=left>Electricity&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(232)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(730)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(296)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(843)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(232)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(731)</TD></TR>
<TR valign="bottom">
	<TD align=left>General expenses&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(117,918)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(166,022)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(91,483)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(175,856)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(117,929)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(166,040)</TD></TR>
<TR valign="bottom">
	<TD align=left>Depreciation and amortization&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(4,173)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(12,879)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(9,075)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(14,301)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(4,174)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(12,881)</TD></TR>
<TR valign="bottom">
	<TD align=left>Tax expenses&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(9,419)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(43,450)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(22,655)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(37,397)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(9,419)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(43,454)</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(209,855)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(458,461)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(184,122)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(401,141)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(209,942)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(458,850)</B></TD></TR>

<TR valign="bottom">
	<TD align=left><B>Costs, and selling and administrative</B>&nbsp;<B>expenses:</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Payroll and related charges&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(354,530)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,203,403)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(338,992)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,001,582)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(354,593)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,203,590)</TD></TR>
<TR valign="bottom">
	<TD align=left>General supplies&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(39,463)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(111,108)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(37,399)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(103,684)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(39,465)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(111,114)</TD></TR>
<TR valign="bottom">
	<TD align=left>Treatment supplies&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(33,400)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(105,266)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(32,085)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(100,017)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(33,400)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(105,266)</TD></TR>
<TR valign="bottom">
	<TD align=left>Outside services&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(236,312)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(694,225)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(172,760)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(453,685)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(236,322)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(694,396)</TD></TR>
<TR valign="bottom">
	<TD align=left>Electricity&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(121,431)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(360,191)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(113,820)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(342,873)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(121,431)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(360,192)</TD></TR>
<TR valign="bottom">
	<TD align=left>General expenses&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(145,821)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(246,110)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(117,054)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(246,776)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(145,832)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(246,128)</TD></TR>
<TR valign="bottom">
	<TD align=left>Depreciation and amortization&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(161,479)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(484,654)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(160,302)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(465,371)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(161,480)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(484,656)</TD></TR>
<TR valign="bottom">
	<TD align=left>Tax expenses&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(9,419)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(43,450)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(22,655)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(37,397)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(9,419)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(43,454)</TD></TR>

<TR valign="bottom">
	<TD align=left> Allowance for doubtful accounts,&nbsp;net of recoveries - (Note 4 (c(ii)))</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(71,509)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(234,658)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(60,845)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(252,619)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(71,509)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(234,658)</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(1,173,364)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(3,483,065)</B></TD>
	<TD>&nbsp;</TD>

	<TD align=right><B>(1,055,912)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(3,004,004)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(1,173,451)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(3,483,454)</B></TD></TR>
<TR valign="bottom">
	<TD align=left><B>Financial expenses:</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left> Interest and charges on loans and&nbsp;financing - local currency&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(98,709)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(296,102)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(106,408)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(311,906)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(98,709)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(296,102)</TD></TR>

<TR valign="bottom">
	<TD align=left> Interest and charges on loans and&nbsp;financing - foreign currency&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(14,955)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(49,927)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(18,049)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(46,926)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(14,955)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(49,927)</TD></TR>

<TR valign="bottom">
	<TD align=left>Interest on shareholders' equity -&nbsp;(note 16 (c))</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(138,980)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(200,496)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(138,980)</TD></TR>

<TR valign="bottom">
	<TD align=left> Interest on shareholders'&nbsp;equity (reversal)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>138,980&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>200,496&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>138,980&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Other financial expenses&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(23,608)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(69,863)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(19,291)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(18,537)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(23,613)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(69,868)</TD></TR>
<TR valign="bottom">
	<TD align=left>Income tax on remittance abroad&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(672)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(2,639)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(858)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,655)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(672)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(2,639)</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>61 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_62"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=40%></TD>
	<TD width=2%></TD>
	<TD width=8%></TD>
	<TD width=2%></TD>
	<TD width=8%></TD>
	<TD width=2%></TD>
	<TD width=8%></TD>
	<TD width=2%></TD>
	<TD width=8%></TD>
	<TD width=2%></TD>
	<TD width=8%></TD>
	<TD width=2%></TD>
	<TD width=8%></TD></TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD colspan="7" align=center>PARENT COMPANY&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD colspan=3 align=center>&nbsp;CONSOLIDATED&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>3 <SUP>rd </SUP>Qtr/09&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>Jan to Sept/09&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>3 <SUP>rd </SUP>Qtr/08&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>Jan to Sept/08&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>3 <SUP>rd </SUP>Qtr/09&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>Jan to Sept/09&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left> Monetary variation on loans and&nbsp;financing&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,887&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>854&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(27,887)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(101,113)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,887&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>854&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Other Monetary Variations&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(8,260)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(20,134)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(7,655)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(17,315)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(8,260)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(20,134)</TD></TR>
<TR valign="bottom">
	<TD align=left>Provisions for financial contingencies&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(157,207)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(179,679)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(58,461)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(109,940)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(157,207)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(179,679)</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(301,524)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(617,490)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(238,609)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(609,392)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(301,529)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(617,495)</B></TD></TR>
<TR>
	<TD colspan=13>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>Financial income:</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Monetary variation gains&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>11,646&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>42,010&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>365,830&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>398,696&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>11,646&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>42,010&nbsp;</TD></TR>

<TR valign="bottom">
	<TD>Income from temporary cash&nbsp;investments&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,058&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>62,366&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,205&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>37,902&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,120&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>62,620&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Interest and others&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>13,898&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>56,562&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>25,647&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>65,758&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>13,898&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>56,562&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>40,602</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>160,938</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>406,682</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>502,356</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>40,664</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>161,192</B>&nbsp;</TD></TR>
<TR>
	<TD colspan=13>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>Financial expenses before exchange</B>&nbsp;<B>variations, net</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(260,922)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(456,552)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>168,073</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(107,036)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(260,865)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(456,303)</B></TD></TR>

<TR>
	<TD colspan=13>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>Exchange variations, net</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left> Exchange variation on loans and&nbsp;financing&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>104,748&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>375,442&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(212,202)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(119,359)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>104,748&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>375,442&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Other foreign exchange variations.&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(986)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(986)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(986)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(986)</TD></TR>
<TR valign="bottom">
	<TD align=left>Exchange gains&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>133&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(7,369)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,415)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(2,880)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>133&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(7,369)</TD></TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>103,895</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>367,087</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(215,617)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(122,239)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>103,895</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>367,087</B>&nbsp;</TD></TR>
<TR>
	<TD colspan=13>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>Financial expenses, net</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(157,027)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(89,465)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(47,544)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(229,275)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(156,970)</B></TD>
	<TD>&nbsp;</TD>
	<TD align=right><B>(89,216)</B></TD></TR>
</TABLE>
<BR>
<P>
<B>20. OTHER OPERATING INCOME AND EXPENSES </B></P>
<P>
The break-down of other operating income (expenses) net is the following: </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=40%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD>

	<TD width=2%></TD>
	<TD width=13%></TD>
	<TD width=2%></TD>
	<TD width=13%></TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD colspan="5" align=center>PARENT COMPANY AND&nbsp;CONSOLIDATED&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>PARENT&nbsp;COMPANY&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD colspan="5" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>3<SUP>rd</SUP>Qtr/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>Jan to Sept/09&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
	<TD align=center>3<SUP>rd</SUP>Qtr/08&nbsp;</TD>
	<TD align="center">&nbsp;</TD>
  <TD align=center>Jan to Sept/08&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=9>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Other operating income&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>17,087&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>36,992&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>16,637&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>38,962&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>COFINS and PASEP&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,581)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(3,422)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(1,055)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(4,383)</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,506&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>33,570&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>15,582&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>34,579&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Other operating expenses&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(8,487)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(18,736)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(140,934)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(149,168)</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=9>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>Other operating income (expenses), net&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>7,019&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>14,834&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(125,352)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>(114,589)</TD></TR>

    <TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>

</TABLE>
<BR>
<P>
Other operating income is made up of the sale of fixed assets, sales of public notices, as well as indemnities and reimbursement of expenses, fines and escrows, lease of real estate, water for reuse, Pura and Aqua log's projects and services. </P>
<P>
Other operating expenses are substantially comprised of the write-off of fixed assets due to obsolescence, discontinued works, non productive wells, economic unviable projects. </P>
<P align="right">
<B>Page: </B>62 </P>

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<A name="page_63"></A>

<P>
<B>21. AGREEMENT WITH THE MUNICIPALITY OF S&Atilde;O PAULO </B></P>
<P>
On November 14, 2007, the Company and the Municipality of S&atilde;o Paulo (the Parties) entered into an Agreement to establish the conditions that ensure the stability in the providing of water supply and sewage, and environmental utility services
in the city of S&atilde;o Paulo, the main provisions of which are as follows: </P>
<P>
1. The Parties assumed the commitment to establish basic sanitation and environmental actions complementary to the actions of the Municipality of S&atilde;o Paulo, by investing in the implantation and continuity of programs such as: &#147;Programa
C&oacute;rrego Limpo&#148; (Clean River Program) and &#147;Programa de Uso Racional da &Aacute;gua - PURA&#148; (Rational Water Use Program), the purpose of which is to ensure a decrease in water consumption by City government units, ensuring water
supply to and the quality of living of the population.</P>
<P>
2. Starting November 14, 2007, Agreement date, all the amounts paid by the Municipality of S&atilde;o Paulo to SABESP, referring to consumption by City departments, agencies, and foundations, net of taxes, will be used in basic sanitation and
environmental actions in the Municipality. </P>
<P>
3. The Municipality assumed the commitment to resume the payment of consumption bills issued by SABESP, starting November 14, 2007, the date of this Agreement's execution. </P>
<P>
4. The Parties will complete, within 90 days, the projects required to determine the outstanding amounts and prepare the drafts of the Bill to obtain the approval of the City Council for the Cooperation Agreement and Metropolitan Program Contract,
to ensure the stable provision by SABESP of water supply and sewage services in the Municipality, through associated management of the assumed utility services, jointly by the Municipality and the State of S&atilde;o Paulo, pursuant to the general
basic sanitation service principles laid down in State Law 11445/07 and related State legislation. </P>
<P>
5. The Parties and the State shall conclude, within 90 days after the execution of the Agreement, the terms and conditions of the Cooperation Agreement and Metropolitan Program Contract, to ensure the stable provision by SABESP of the water supply
and sewage services to the municipality. </P>
<P>
6. The approval of the Municipal Authorization Law is an essential condition both for signing the Cooperation Agreement, to be signed by the Municipality and the State of S&atilde;o Paulo, and the Metropolitan Program Contract, to be signed by the
Municipality and SABESP. </P>
<P>
7. After forwarding the Project of Law to the Chamber, the Parties will sign the instrument to equate their financial disputes, when a discount will be granted of R&#36;120 million on the debts of the Municipality, of a negotiation character. Part
of theses debts will be paid without financial additions resulting from interest, fines and monetary adjustment and the remaining balance, under the form of the Municipal Administrative Rule 01/2005, in 7 annual installments. </P>
<P>
8. The Parties will require the termination of the collection lawsuits filed by Sabesp, where Sabesp will pay the court fees, and each Party will pay the lawyers' fees, in an estimated amount of R&#36;1.9 million.</P>
<P align="right">
<B>Page: </B>63 </P>

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<H5 align="left" style="page-break-before:always"></H5>
<A name="page_64"></A>

<P>
The First Amendment to the Agreement with the Municipality of S&atilde;o Paulo was entered into on February 11, 2008. The Parties decided to extend the agreement for a period equal to the original period, so that the Parties may conclude the
required understandings to settle the outstanding debts and prepare the drafts of the Cooperation Agreement, the Metropolitan Contract Program, and the Authorization Bill.</P>
<P>
The stages already in progress are the conclusion of the drafts of said instruments, sending the Bill to the City Council, concluding the required understandings to settle the outstanding debts, and jointly defining the sanitation and environmental
actions to be taken. </P>
<P>
On May 9, 2008 the Second Amendment to the Agreement was signed, extending the term for an equal period and providing for automatic renewals, for equal periods, in case of no communication of the parties. </P>
<P>
On August 29, 2008 the S&atilde;o Paulo&acute;s Municipal City Hall forwarded the Law Project No. 558/08 to S&atilde;o Paulo&acute;s City Council. The approval of such municipal law will enable the executive power to enter into the Cooperation
Agreement and Program Contract with the State of S&atilde;o Paulo, with the Sanitation and Energy Regulating Agency of the State of S&atilde;o Paulo &#150; ARSESP and with Sabesp. </P>
<P>
On December 22, 2008 the Third Amendment to the Agreement was signed where the Parties resolved: i - change the payment period, by the Municipality, of the balance favorable to Sabesp, after the setoff of accounts; ii - adopt the same criteria that
Sabesp will use to calculate the adjustment to present value of the balance favorable to Sabesp to deflate the negotiated discount agreed upon in the Agreement; iii - insert into the Agreement a clause authorizing Sabesp to promote the
expropriations. </P>
<P>
Still in December, 2008, the Municipal Law Project No. 558/08 was approved in the first poll. The final approval depends on a second poll in the City Council section. </P>
<P>
On March, 2009 the S&atilde;o Paulo City Council promoted a public hearing to debate the Municipal Law Project No. 558/08. Although the PL has already been approved in the first poll, there is still the possibility that adjustments be posted by
means of amendments that are under discussion.</P>
<P>
On June 18, 2009, the Municipal Executive Power sanctioned Law No. 14934, decreed in the June 3, 2009 session, resulting from Law Project No. 558/08. </P>
<P>
On August 6, 2009, the Fourth Amendment to the Agreement was signed, including the channeling of CEU Uirapuru, Curtume and Tiburtino creeks into the environmental basic sanitation projects. </P>
<P>
<B>22. REGULATING AGENCY OF SANITATION AND ENERGY OF THE STATE OF S&Atilde;O PAULO -</B> <B>ARSESP </B></P>
<P>
According to Resolution ARSESP No. 36, of December 19, 2008, the Company has been paying the Fee for Regulation, Control and Inspection - TRCF that corresponds to 0.50% (half a per cent) on the gross operating revenue, directly obtained with the
rendering of service, subtracting the amounts of the taxes incidental on it. The amount paid in the 3<SUP>rd</SUP> quarter of 2009 was R&#36;7.1 million (January to September of 2009 - R&#36;21.4 million). </P>
<P align="right">
<B>Page: </B>64 </P>

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<H5 align="left" style="page-break-before:always"></H5>
<A name="page_65"></A>

<P>
<B>23. SUPPLEMENTAL INFORMATION </B></P>
<P>
STATEMENT OF VALUE ADDED - DVA </P>
<P>
The statement of value-added, prepared in accordance with CVM Resolution No. 557/08 (CPC 09) presents the result of the period under the generation and distribution of wealth point of view, whose four main beneficiaries of the wealth generation by
the activities are: the employees, the government, capital of third parties and the shareholders' capital. </P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD></TD>
    <TD width=1%></TD>
    <TD width=8%></TD>
    <TD width=1%></TD>
    <TD width=8%></TD>
    <TD width=1%></TD>
    <TD width=6%></TD>
    <TD width=1%></TD>
    <TD width=8%></TD>
    <TD width=1%></TD>
    <TD width=6%></TD>
    <TD width=1%></TD>
    <TD width=8%></TD>
    <TD width=1%></TD>
    <TD width=6%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD colspan=7 align=center>PARENT COMPANY&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD colspan=3 align=center>CONSOLIDATED&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>Explanatory&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>Jan to&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>Jan to&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>Jan to&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>Note&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>Sept/09&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>Sept/08&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>Sept/09&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>1- Revenues</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>1.1) Revenues from Products and Services&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>18&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5,272,095&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5,003,222&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5,272,095&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>1.2) Other revenues&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>20&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>36,992&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>38,962&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>36,992&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>1.3) Revenues related to the construction&nbsp;of own assets&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(22,584)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>164,969&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(22,584)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>1.4) Allowance for doubtful accounts -&nbsp;set up&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>19&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(234,658)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(252,619)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(234,658)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5,051,845&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>4,954,534&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5,051,845&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>2 - Inputs acquired from third parties</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>2.1) Cost of sales and services provided&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(1,019,575)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(846,811)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(1,019,575)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>2.2) Supplies, electricity and power,&nbsp;third party's services and others&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(496,062)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(392,726)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(496,240)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>2.3) Other operating expenses&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>20&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(18,736)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(149,168)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(18,736)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(1,534,373)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(1,388,705)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(1,534,551)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>3 - Gross Value Added (1-2)</B></TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,517,472&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,565,829&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,517,294&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>4 - Retentions</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>4.1) Depreciation and amortization&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(486,030)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(466,073)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(486,031)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>5 - Net value added produced by the</B>&nbsp;<B>Company (3-4)</B></TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,031,442&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,099,756&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,031,263&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>6 - Value added received in transfer</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>6.1) Equity result&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(140)</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>-&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>-&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>6.2) Financial income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>19&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>153,569&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>499,476&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>153,823&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>153,429&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>499,476&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>153,823&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>7 - Total Value Added to Allocate</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,184,871&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,599,232&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>3,185,086&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
    <TD></TD>
    <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
    <TD>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD colspan="15" align=left><B>8 - Value added allocated</B>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=15>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>8.1) Personnel</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>8.1.1) Direct compensation&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>693,206&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>21.8%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>660,825&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>18.3%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>693,349&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>21.8%&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>8.1.2) Benefits&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>231,110&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>7.2%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>211,698&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>5.9%&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>231,118&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>7.2%&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>65 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_66"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
    <TD></TD>
    <TD width=1%></TD>
    <TD width=8%></TD>
    <TD width=1%></TD>
    <TD width=8%></TD>
    <TD width=1%></TD>
    <TD width=6%></TD>
    <TD width=1%></TD>
    <TD width=8%></TD>
    <TD width=1%></TD>
    <TD width=6%></TD>
    <TD width=1%></TD>
    <TD width=8%></TD>
    <TD width=1%></TD>
    <TD width=6%></TD>
  </TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD colspan=7 align=center>PARENT COMPANY&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD colspan=3 align=center>CONSOLIDATED&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD colspan="7" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD colspan="3" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>Explanatory&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>Jan to&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>Jan to&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>Jan to&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom">
  <TD align=left>&nbsp;</TD>
  <TD>&nbsp;</TD>
  <TD align=center>Note&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>Sept/09&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>Sept/08&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>Sept/09&nbsp;</TD>
  <TD align="center">&nbsp;</TD>
  <TD align=center>&nbsp;</TD>
</TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD>&nbsp;</TD>
</TR>
<TR>
  <TD colspan=15>&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>8.1.3) FGTS&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>177,424&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5.6%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>49,727&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1.4%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>177,434&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,101,740&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>34.6%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>922,250&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>25.6%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,101,901&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>34.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=15>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>8.2) Taxes, fees and contributions</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>8.2.1) Federal&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>998,515&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>31.3%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>939,780&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>26.1%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>998,545&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>31.3%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>8.2.2) State&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>28,004&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.9%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>24,724&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.7%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>28,004&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.9%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>8.2.3) Municipal&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>16,513&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.5%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>11,249&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.3%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>16,514&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.5%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,043,032&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>32.7%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>975,753&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>27.1%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>1,043,063&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>32.7%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=15>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>8.3) Remuneration of third parties' capital</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD>8.3.1) Interests, monetary and foreign&nbsp;exchange variations&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>104,246&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3.3%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>795,121&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>22.1%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>104,251&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3.3%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>8.3.2) Lease&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>19,247&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.6%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>11,278&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.3%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>19,265&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>0.6%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>123,493&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3.9%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>806,399&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>22.4%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>123,516&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3.9%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=15>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>8.4) Remuneration of shareholders' equity</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>8.4.1) Interest on shareholders' capital&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=center>16(f)</TD>
	<TD>&nbsp;</TD>
	<TD align=right>138,980&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4.4%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>200,496&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>5.6%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>138,980&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>4.4%&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left>8.4.2) Retained earnings&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>777,626&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>24.4%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>694,334&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>19.3%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>777,626&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>24.4%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>916,606&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>28.8%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>894,830&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>24.9%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>916,606&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>28.8%&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD>&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  <TD></TD>
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR>
	<TD colspan=15>&nbsp;</TD></TR>
<TR valign="bottom">
	<TD align=left><B>Value added allocated</B>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,184,871&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>100.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,599,232&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>100.0%&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>3,185,086&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD align=right>100.0%&nbsp;</TD></TR>

    <TR valign="bottom" style="font-size: 1px">
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD>&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	<TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
    <TD></TD>
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
</TABLE>
<BR>
<P>
<B>24. SUBSEQUENT EVENT </B></P>
<P>
BIRD &#150; "Vida Nova" Program </P>
<P>
The Government of S&atilde;o Paulo signed, on October 28, 2009, Sabesp&acute;s loan agreement with Bird (World Bank) amounting to US&#36;100 million. Sabesp will participate with a US&#36;25 million portion. </P>
<P>
The US&#36;100 million released by Bird is part of the total investment of R&#36;1.39 billion of the "Vida Nova" Program - Fountainhead Recovery. It is one of the largest sanitation programs in Brazil carried out by the State Government, under the
coordination of the Energy and Sanitation Secretary, with the participation of the Secretary of the Environment, Sabesp and CDHU, S&atilde;o Paulo&acute;s and Sao Bernardo do Campo&acute;s City Hall. Objectives </P>
<P>
Those benefited by the program will be: directly, around 2.5 million people residing in the surroundings of the basins of Guarapiranga, Billings, Alto Tiete, Juqueri-Cantareira and Alto and Baixo Cotia, and, indirectly, almost all the 20 million
people that consume treated water from the sources of S&atilde;o Paulo&acute;s Metropolitan Region (RMSP). </P>
<P align="right">
<B>Page: </B>66 </P>

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<A name="page_67"></A>

<P>
The main objective of "Vida Nova" is recovering the large water reservoirs of the metropolitan region, organizing the occupation of their surroundings and ensuring the supply of Greater S&atilde;o Paulo, today and in the future. The region is one of
the major urban concentrations of the world and they live in a situation of water shortage. Each resident of the region has at their disposal, per year, 201 m3 of water. The amount recommended by the UN is 2.5 thousand m3 per person/year. </P>
<P>
IDB - 3<SUP>rd</SUP> stage Tiete Project </P>
<P>
In the month of October, the executive board of the Inter-American Development Bank &#150; IDB, approved a US&#36;600 million loan in order for Sabesp to continue with the Tiete Project works, that enters now in its third stage. The next step will
be the execution of the contract meeting the procedures to obtain the Federal Government&acute;s guarantee. The participation of Sabesp in this financing will be US&#36;200 million, for which the company is seeking to obtain partial financing. </P>
<P>
BNDES Debenture </P>
<P>
Approval by Sabesp&acute;s Extraordinary Shareholders&acute; Meeting and by BNDES&acute;s executive board, the concession of credit for a private placement of three issues of debentures, non-convertible into stock, with a real guarantee, each one
amounting to R&#36;275 million, totaling R&#36;826 million, for exclusive underwriting by BNDES and BNDESPAR. The first issue will occur in 2009 and the subsequent issues in 2010 and 2011.</P>
<P align="right">
<B>Page: </B>67 </P>

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<P>
<B>07.01 &#150;COMMENTS ON THE COMPANY'S PERFORMANCE IN THE QUARTER</B> </P>
<P>
<B>1. Financial Highlights</B> </P>
<P align="right">
In millions of R&#36; </P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD width="8%" align=center valign="middle">&nbsp;</TD>
    <TD width="8%" align=center valign="middle">&nbsp;</TD>
    <TD colspan=2 align=center valign="middle">Variation&nbsp;</TD>
    <TD width="8%" align=center valign="middle">&nbsp;</TD>
    <TD width="8%" align=center valign="middle">&nbsp;</TD>
    <TD colspan=2 align=center valign="middle">Variation&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD align=center valign="middle">3Q08&nbsp;</TD>
    <TD align=center valign="middle">3Q09&nbsp;</TD>
    <TD width="8%" align=center valign="middle">&nbsp; &nbsp;R&#36;&nbsp;</TD>
    <TD width="8%" align=center valign="middle">%&nbsp;</TD>
    <TD align=center valign="middle">&nbsp;Jan-&nbsp;<br>
      Sept/08&nbsp;</TD>
    <TD align=center valign="middle">Jan-&nbsp;<br>
      Sept/09&nbsp;</TD>
    <TD width="8%" align=center valign="middle">&nbsp; &nbsp;R&#36;&nbsp;</TD>
    <TD width="8%" align=center valign="middle">&nbsp; &nbsp;%&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>(+) Gross operating revenues&nbsp;</TD>
    <TD align=right>1,717.2&nbsp;</TD>
    <TD align=right>1749.1&nbsp;</TD>
    <TD align=right>31.9&nbsp;</TD>
    <TD align=right>1.9&nbsp;</TD>
    <TD align=right>5,003.2&nbsp;</TD>
    <TD align=right>5,272.1&nbsp;</TD>
    <TD align=right>268.9&nbsp;</TD>
    <TD align=right>5.4&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>(-) COFINS and PASEP&nbsp;</TD>
    <TD align=right>124.2&nbsp;</TD>
    <TD align=right>120.1&nbsp;</TD>
    <TD align=right>(4.1)</TD>
    <TD align=right>(3.3)</TD>
    <TD align=right>356.7&nbsp;</TD>
    <TD align=right>366.1&nbsp;</TD>
    <TD align=right>9.4&nbsp;</TD>
    <TD align=right>2.6&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>(=) Net operating revenues&nbsp;</TD>
    <TD align=right>1,593.0&nbsp;</TD>
    <TD align=right>1,629.0&nbsp;</TD>
    <TD align=right>36.0&nbsp;</TD>
    <TD align=right>2.3&nbsp;</TD>
    <TD align=right>4,646.5&nbsp;</TD>
    <TD align=right>4,906.0&nbsp;</TD>
    <TD align=right>259.5&nbsp;</TD>
    <TD align=right>5.6&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>(-) Costs and expenses&nbsp;</TD>
    <TD align=right>1,055.9&nbsp;</TD>
    <TD align=right>1,173.4&nbsp;</TD>
    <TD align=right>117.5&nbsp;</TD>
    <TD align=right>11.1&nbsp;</TD>
    <TD align=right>3,004.0&nbsp;</TD>
    <TD align=right>3,483.1&nbsp;</TD>
    <TD align=right>479.1&nbsp;</TD>
    <TD align=right>15.9&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>( - ) Other Operating Income (Expenses)</TD>
    <TD align=right>125.4&nbsp;</TD>
    <TD align=right>7.0&nbsp;</TD>
    <TD align=right>(118.4)</TD>
    <TD align=right>(94.4)</TD>
    <TD align=right>114.6&nbsp;</TD>
    <TD align=right>(14.7)</TD>
    <TD align=right>(129.3)</TD>
    <TD align=right>(112.8)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>(=) Result before financial expenses (EBIT*)</TD>
    <TD align=right>662.5&nbsp;</TD>
    <TD align=right>462.6&nbsp;</TD>
    <TD align=right>(119.9)</TD>
    <TD align=right>(30.2)</TD>
    <TD align=right>1,757.1&nbsp;</TD>
    <TD align=right>1,408.2&nbsp;</TD>
    <TD align=right>(348.9)</TD>
    <TD align=right>(19.9)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>(+) Depreciation and amortization&nbsp;</TD>
    <TD align=right>160.3&nbsp;</TD>
    <TD align=right>161.5&nbsp;</TD>
    <TD align=right>1.2&nbsp;</TD>
    <TD align=right>0.7&nbsp;</TD>
    <TD align=right>465.4&nbsp;</TD>
    <TD align=right>484.7&nbsp;</TD>
    <TD align=right>19.3&nbsp;</TD>
    <TD align=right>4.1&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>(=) EBITDA**&nbsp;</TD>
    <TD align=right>697.4&nbsp;</TD>
    <TD align=right>617.1&nbsp;</TD>
    <TD align=right>(80.3)</TD>
    <TD align=right>(11.5)</TD>
    <TD align=right>2,107.9&nbsp;</TD>
    <TD align=right>1,907.6&nbsp;</TD>
    <TD align=right>(200.3)</TD>
    <TD align=right>(9.5)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>EBITDA Margin %&nbsp;</TD>
    <TD align=right>43.8&nbsp;</TD>
    <TD align=right>37.9&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>45.4&nbsp;</TD>
    <TD align=right>38.9&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Net income&nbsp;</TD>
    <TD align=right>231.1&nbsp;</TD>
    <TD align=right>195.7&nbsp;</TD>
    <TD align=right>(35.4)</TD>
    <TD align=right>(15.3)</TD>
    <TD align=right>894.8&nbsp;</TD>
    <TD align=right>916.6&nbsp;</TD>
    <TD align=right>21.8&nbsp;</TD>
    <TD align=right>2.4&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Net income per share in R&#36;&nbsp;</TD>
    <TD align=right>1.01&nbsp;</TD>
    <TD align=right>0.86&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=right>3.93&nbsp;</TD>
    <TD align=right>4.02&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<P>
(*) Profit before interest and taxes on income; <br>
(**) Profit before interest, taxes, depreciation and amortization; </P>
<P>
In the 3Q09, the net operating revenue totaled R&#36;1.6 billion, a 2.3% growth in relation to 3Q08. Costs and expenses, amounting to R&#36;1.2 billion increased 11.1% in relation to the 3Q08. EBITDA increased from R&#36;697.4 million to R&#36;617.1
million in the 3Q09, with a 11.5% increase. </P>
<P>
EBIT presented a 30.2% growth, from R&#36;662.5 million in the 3Q08 to R&#36;462.6 million in the 3Q09 </P>
<P>
<B>2. Gross operating revenue </B></P>
<P>
In the 3Q09, the gross operating revenue presented an increase of R&#36;31.9 million, or 1.9%, going from R&#36;1.72 billion in the 3Q08 to R&#36;1.75 billion in the 3Q09. The factors responsible for such variation were the impact of the 0.2% tariff
adjustment that occurred in the period to September, 2009 and the 0.7% growth of the volume billed. </P>
<P>
Such performance was influenced by the following factors: i) lower average temperature observed in the period; ii) drop of the billing in the industrial segment in the ranges above 500m3/month, resulting from the execution of firm demand contracts
and by the closing and/or reduction of the production of some industrial units; iii) volume reduction in the non-residential sector due to actions of the Water Rational Use Program [&#147;Programa de Uso Racional de &Aacute;gua&#148;]- PURA in
properties of the Government of the State of S&atilde;o Paulo and of the S&atilde;o Paulo City Hall. </P>
<P>
<B>3. Volume invoiced </B></P>
<P>
In the following charts are demonstrated the volumes invoiced of water and sewage, according to the category of use and region, in the 3Q08, 3Q09, and in the first nine months of 2008 and 2009. </P>
<P align="right">
<B>Page: </B>68 </P>

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<P>
<B>07.01 &#150;COMMENTS ON THE COMPANY'S PERFORMANCE IN THE QUARTER</B> </P>
<P align="center"><B>QUARTER </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR valign="bottom">
    <TD colspan=10 align=center>VOLUME INVOICED (1) WATER AND SEWAGE PER CATEGORY OF USE - millions of m<SUP>3</SUP>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center>&nbsp;</TD>
    <TD colspan="3" align=center>Water&nbsp;</TD>
    <TD colspan="3" align=center>Sewage&nbsp;</TD>
    <TD colspan=3 align=center>Water + Sewage&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD>By Category&nbsp;</TD>
    <TD width="8%" align=center>3Q08&nbsp;</TD>
    <TD width="8%" align=center>3Q09&nbsp;</TD>
    <TD width="8%" align=center>Var. %&nbsp;</TD>
    <TD width="8%" align=center>3Q08&nbsp;</TD>
    <TD width="8%" align=center>3Q09&nbsp;</TD>
    <TD width="8%" align=center>Var. %&nbsp;</TD>
    <TD width="8%" align=center>3Q08&nbsp;</TD>
    <TD width="8%" align=center>3Q09&nbsp;</TD>
    <TD width="8%" align=center>Var. %&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Residential&nbsp;</TD>
    <TD align=right>336.9&nbsp;</TD>
    <TD align=right>338.8&nbsp;</TD>
    <TD align=right>0.6&nbsp;</TD>
    <TD align=right>270.7&nbsp;</TD>
    <TD align=right>274.5&nbsp;</TD>
    <TD align=right>1.4&nbsp;</TD>
    <TD align=right>607.6&nbsp;</TD>
    <TD align=right>613.3&nbsp;</TD>
    <TD align=right>0.9&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Commercial&nbsp;</TD>
    <TD align=right>38.7&nbsp;</TD>
    <TD align=right>38.0&nbsp;</TD>
    <TD align=right>(1.8)</TD>
    <TD align=right>35.7&nbsp;</TD>
    <TD align=right>35.3&nbsp;</TD>
    <TD align=right>(1.1)</TD>
    <TD align=right>74.4&nbsp;</TD>
    <TD align=right>73.3&nbsp;</TD>
    <TD align=right>(1.5)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Industrial&nbsp;</TD>
    <TD align=right>9.0&nbsp;</TD>
    <TD align=right>8.6&nbsp;</TD>
    <TD align=right>(4.4)</TD>
    <TD align=right>8.7&nbsp;</TD>
    <TD align=right>8.7&nbsp;</TD>
    <TD align=right>-&nbsp;</TD>
    <TD align=right>17.7&nbsp;</TD>
    <TD align=right>17.3&nbsp;</TD>
    <TD align=right>(2.3)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Public&nbsp;</TD>
    <TD align=right>12.0&nbsp;</TD>
    <TD align=right>11.3&nbsp;</TD>
    <TD align=right>(5.8)</TD>
    <TD align=right>9.7&nbsp;</TD>
    <TD align=right>9.3&nbsp;</TD>
    <TD align=right>(4.1)</TD>
    <TD align=right>21.7&nbsp;</TD>
    <TD align=right>20.6&nbsp;</TD>
    <TD align=right>(5.1)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>Total Retail</B>&nbsp;</TD>
    <TD align=right><B>396.6</B>&nbsp;</TD>
    <TD align=right><B>396.7</B>&nbsp;</TD>
    <TD align=right><B>-</B>&nbsp;</TD>
    <TD align=right><B>324.8</B>&nbsp;</TD>
    <TD align=right><B>327.8</B>&nbsp;</TD>
    <TD align=right><B>0.9</B>&nbsp;</TD>
    <TD align=right><B>721.4</B>&nbsp;</TD>
    <TD align=right><B>724.5</B>&nbsp;</TD>
    <TD align=right><B>0.4</B>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Wholesale&nbsp;</TD>
    <TD align=right>71.0&nbsp;</TD>
    <TD align=right>71.7&nbsp;</TD>
    <TD align=right>1.0&nbsp;</TD>
    <TD align=right>6.7&nbsp;</TD>
    <TD align=right>8.1&nbsp;</TD>
    <TD align=right>20.9&nbsp;</TD>
    <TD align=right>77.7&nbsp;</TD>
    <TD align=right>79.8&nbsp;</TD>
    <TD align=right>2.7&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Reuse Water&nbsp;</TD>
    <TD align=right>-&nbsp;</TD>
    <TD align=right>0.1&nbsp;</TD>
    <TD align=right><B>-</B>&nbsp;</TD>
    <TD align=right>-&nbsp;</TD>
    <TD align=right>-&nbsp;</TD>
    <TD align=right>-&nbsp;</TD>
    <TD align=right>-&nbsp;</TD>
    <TD align=right>0.1&nbsp;</TD>
    <TD align=right>-&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>Grand Total</B>&nbsp;</TD>
    <TD align=right><B>467.6</B>&nbsp;</TD>
    <TD align=right><B>468.5</B>&nbsp;</TD>
    <TD align=right><B>0.2</B>&nbsp;</TD>
    <TD align=right><B>331.5</B>&nbsp;</TD>
    <TD align=right><B>335.9</B>&nbsp;</TD>
    <TD align=right><B>1.3</B>&nbsp;</TD>
    <TD align=right><B>799.1</B>&nbsp;</TD>
    <TD align=right><B>804.4</B>&nbsp;</TD>
    <TD align=right><B>0.7</B>&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<P align="center">
<B>JANUARY TO SEPTEMBER </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD colspan=10 align=center> VOLUME INVOICED (1) WATER AND SEWAGE PER CATEGORY OF USE - millions of m<SUP>3</SUP>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left valign="top">&nbsp;</TD>
	<TD colspan="3" align=center valign="top">Water&nbsp;</TD>
	<TD colspan="3" align=center valign="top">Sewage&nbsp;</TD>
	<TD colspan=3 align=center valign="top">Water + Sewage&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left valign="top">By Category&nbsp;</TD>
	<TD width="8%" align=center valign="top">JAN-&nbsp;<br>
    SEPT/08&nbsp;</TD>
	<TD width="8%" align=center valign="top">JAN-&nbsp;<br>
    SEPT/09&nbsp;</TD>
	<TD width="8%" align=center valign="top">Var. %&nbsp;</TD>
	<TD width="8%" align=center valign="top">JAN-&nbsp;<br>
    SEPT/08</TD>
	<TD width="8%" align=center valign="top">JAN-&nbsp;<br>
    SEPT/09&nbsp;</TD>
	<TD width="8%" align=center valign="top">Var. %&nbsp;</TD>
	<TD width="8%" align=center valign="top">JAN-&nbsp;<br>
    SEPT/08</TD>
	<TD width="8%" align=center valign="top">JAN-&nbsp;<br>
    SEPT/09&nbsp;</TD>
	<TD width="8%" align=center valign="top">Var. %&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left valign="top">Residential&nbsp;</TD>
	<TD align=right valign="top">1,011.6&nbsp;</TD>
	<TD align=right valign="top">1,035.2&nbsp;</TD>
	<TD align=right valign="top">2.3&nbsp;</TD>
	<TD align=right valign="top">809.5&nbsp;</TD>
	<TD align=right valign="top">834.6&nbsp;</TD>
	<TD align=right valign="top">3.1&nbsp;</TD>
	<TD align=right valign="top">1,821.1&nbsp;</TD>
	<TD align=right valign="top">1,869.8&nbsp;</TD>
	<TD align=right valign="top">2.7&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Commercial&nbsp;</TD>
	<TD align=right>114.8&nbsp;</TD>
	<TD align=right>115.4&nbsp;</TD>
	<TD align=right>0.5&nbsp;</TD>
	<TD align=right>105.7&nbsp;</TD>
	<TD align=right>106.5&nbsp;</TD>
	<TD align=right>0.8&nbsp;</TD>
	<TD align=right>220.5&nbsp;</TD>
	<TD align=right>221.9&nbsp;</TD>
	<TD align=right>0.6&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Industrial&nbsp;</TD>
	<TD align=right>26.7&nbsp;</TD>
	<TD align=right>25.5&nbsp;</TD>
	<TD align=right>(4.5)</TD>
	<TD align=right>25.4&nbsp;</TD>
	<TD align=right>25.5&nbsp;</TD>
	<TD align=right>0.4&nbsp;</TD>
	<TD align=right>52.1&nbsp;</TD>
	<TD align=right>51.0&nbsp;</TD>
	<TD align=right>(2.1)</TD></TR>

<TR valign="bottom">
	<TD align=left>Public&nbsp;</TD>
	<TD align=right>35.0&nbsp;</TD>
	<TD align=right>34.6&nbsp;</TD>
	<TD align=right>(1.1)</TD>
	<TD align=right>28.1&nbsp;</TD>
	<TD align=right>28.4&nbsp;</TD>
	<TD align=right>1.1&nbsp;</TD>
	<TD align=right>63.1&nbsp;</TD>
	<TD align=right>63.0&nbsp;</TD>
	<TD align=right>(0.2)</TD></TR>

<TR valign="bottom">
	<TD align=left><B>Total Retail</B>&nbsp;</TD>
	<TD align=right><B>1,188.1</B>&nbsp;</TD>
	<TD align=right><B>1,210.7</B>&nbsp;</TD>
	<TD align=right><B>1.9</B>&nbsp;</TD>
	<TD align=right><B>968.7</B>&nbsp;</TD>
	<TD align=right><B>995.0</B>&nbsp;</TD>
	<TD align=right><B>2.7</B>&nbsp;</TD>
	<TD align=right><B>2,156.8</B>&nbsp;</TD>
	<TD align=right><B>2,205.7</B>&nbsp;</TD>
	<TD align=right><B>2.3</B>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Wholesale&nbsp;</TD>
	<TD align=right>211.9&nbsp;</TD>
	<TD align=right>215.2&nbsp;</TD>
	<TD align=right>1.6&nbsp;</TD>
	<TD align=right>21.4&nbsp;</TD>
	<TD align=right>22.4&nbsp;</TD>
	<TD align=right>4.7&nbsp;</TD>
	<TD align=right>233.3&nbsp;</TD>
	<TD align=right>237.6&nbsp;</TD>
	<TD align=right>1.8&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Reuse Water&nbsp;</TD>
	<TD align=right>0.1&nbsp;</TD>
	<TD align=right>0.2&nbsp;</TD>
	<TD align=right>100.0&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>0.1&nbsp;</TD>
	<TD align=right>0.2&nbsp;</TD>
	<TD align=right>100.0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left><B>Grand Total</B>&nbsp;</TD>
	<TD align=right><B>1,400.1</B>&nbsp;</TD>
	<TD align=right><B>1,426.1</B>&nbsp;</TD>
	<TD align=right><B>1.9</B>&nbsp;</TD>
	<TD align=right><B>990.1</B>&nbsp;</TD>
	<TD align=right><B>1.017.4</B>&nbsp;</TD>
	<TD align=right><B>2.8</B>&nbsp;</TD>
	<TD align=right><B>2,390.2</B>&nbsp;</TD>
	<TD align=right><B>2,443.5</B>&nbsp;</TD>
	<TD align=right><B>2.2</B>&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="center">
<B>QUARTER </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD align=center colspan=10>VOLUME INVOICED (1) WATER AND SEWAGE PER REGION - millions of m<SUP>3</SUP></TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD colspan="3" align=center>Water&nbsp;</TD>
	<TD colspan="3" align=center>Sewage&nbsp;</TD>
	<TD colspan=3 align=center>Water + Sewage&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Per Region&nbsp;</TD>
	<TD width="8%" align=center>3Q08&nbsp;</TD>
	<TD width="8%" align=center>3Q09&nbsp;</TD>
	<TD width="8%" align=center>Var. %&nbsp;</TD>
	<TD width="8%" align=center>3Q08&nbsp;</TD>
	<TD width="8%" align=center>3Q09&nbsp;</TD>
	<TD width="8%" align=center>Var. %&nbsp;</TD>
	<TD width="8%" align=center>3Q08&nbsp;</TD>
	<TD width="8%" align=center>3Q09&nbsp;</TD>
	<TD width="8%" align=center>Var. %&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Metropolitan&nbsp;</TD>
	<TD align=right>266.9&nbsp;</TD>
	<TD align=right>266.2&nbsp;</TD>
	<TD align=right>(0.3)</TD>
	<TD align=right>222.6&nbsp;</TD>
	<TD align=right>224.4&nbsp;</TD>
	<TD align=right>0.8&nbsp;</TD>
	<TD align=right>489.5&nbsp;</TD>
	<TD align=right>490.6&nbsp;</TD>
	<TD align=right>0.2&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Regional (2)</TD>
	<TD align=right>129.7&nbsp;</TD>
	<TD align=right>130.5&nbsp;</TD>
	<TD align=right>0.6&nbsp;</TD>
	<TD align=right>102.2&nbsp;</TD>
	<TD align=right>103.4&nbsp;</TD>
	<TD align=right>1.2&nbsp;</TD>
	<TD align=right>231.9&nbsp;</TD>
	<TD align=right>233.9&nbsp;</TD>
	<TD align=right>0.9&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left><B>Total retail</B>&nbsp;</TD>
	<TD align=right><B>396.6</B>&nbsp;</TD>
	<TD align=right><B>396.7</B>&nbsp;</TD>
	<TD align=right><B>-</B>&nbsp;</TD>
	<TD align=right><B>324.8</B>&nbsp;</TD>
	<TD align=right><B>327.8</B>&nbsp;</TD>
	<TD align=right><B>0.9</B>&nbsp;</TD>
	<TD align=right><B>721.4</B>&nbsp;</TD>
	<TD align=right><B>724.5</B>&nbsp;</TD>
	<TD align=right><B>0.4</B>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Bulk&nbsp;</TD>
	<TD align=right>71.0&nbsp;</TD>
	<TD align=right>71.7&nbsp;</TD>
	<TD align=right>1.0&nbsp;</TD>
	<TD align=right>6.7&nbsp;</TD>
	<TD align=right>8.1&nbsp;</TD>
	<TD align=right>20.9&nbsp;</TD>
	<TD align=right>77.7&nbsp;</TD>
	<TD align=right>79.8&nbsp;</TD>
	<TD align=right>2.7&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Reuse Water&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>0.1&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>0.1&nbsp;</TD>
	<TD align=right>-&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left><B>Grand Total</B>&nbsp;</TD>
	<TD align=right><B>467.6</B>&nbsp;</TD>
	<TD align=right><B>468.5</B>&nbsp;</TD>
	<TD align=right><B>0.2</B>&nbsp;</TD>
	<TD align=right><B>331.5</B>&nbsp;</TD>
	<TD align=right><B>335.9</B>&nbsp;</TD>
	<TD align=right><B>1.3</B>&nbsp;</TD>
	<TD align=right><B>799.1</B>&nbsp;</TD>
	<TD align=right><B>804.4</B>&nbsp;</TD>
	<TD align=right><B>0.7</B>&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="center">
<B>JANUARY TO SEPTEMBER </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD align=center colspan=10>VOLUME INVOICED (1) WATER AND SEWAGE PER REGION - millions of m<SUP>3</SUP></TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD colspan="3" align=center>Water&nbsp;</TD>
	<TD colspan="3" align=center>Sewage&nbsp;</TD>
	<TD colspan=3 align=center>Water + Sewage&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left valign="top">Per Region&nbsp;</TD>
	<TD width="8%" align=center valign="top">JAN-&nbsp;<br>
    SEPT/08&nbsp;</TD>
	<TD width="8%" align=center valign="top">JAN-&nbsp;<br>
    SEPT/09&nbsp;</TD>
	<TD width="8%" align=center valign="top">Var. %&nbsp;</TD>
	<TD width="8%" align=center valign="top">JAN-&nbsp;<br>
    SEPT/08&nbsp;</TD>
	<TD width="8%" align=center valign="top">JAN-&nbsp;<br>
    SEPT/09&nbsp;</TD>
	<TD width="8%" align=center valign="top">Var. %&nbsp;</TD>
	<TD width="8%" align=center valign="top">  JAN-&nbsp;<br>
    SEPT/08&nbsp;</TD>
	<TD width="8%" align=center valign="top">JAN-&nbsp;<br>
    SEPT/09&nbsp;</TD>
	<TD width="8%" align=center valign="top">Var. %&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left>Metropolitan&nbsp;</TD>
	<TD align=right>794.3&nbsp;</TD>
	<TD align=right>805.5&nbsp;</TD>
	<TD align=right>1.4&nbsp;</TD>
	<TD align=right>660.9&nbsp;</TD>
	<TD align=right>676.1&nbsp;</TD>
	<TD align=right>2.3&nbsp;</TD>
	<TD align=right>1,455.2&nbsp;</TD>
	<TD align=right>1,481.6&nbsp;</TD>
	<TD align=right>1.8&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Regional (2)</TD>
	<TD align=right>393.8&nbsp;</TD>
	<TD align=right>405.2&nbsp;</TD>
	<TD align=right>2.9&nbsp;</TD>
	<TD align=right>307.8&nbsp;</TD>
	<TD align=right>318.9&nbsp;</TD>
	<TD align=right>3.6&nbsp;</TD>
	<TD align=right>701.6&nbsp;</TD>
	<TD align=right>724.1&nbsp;</TD>
	<TD align=right>3.2&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>69 </P>

<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">

<H5 align="left" style="page-break-before:always"></H5>
<A name="page_70"></A>

<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD align=center colspan=10>VOLUME INVOICED (1) WATER AND SEWAGE PER REGION - millions of m<SUP>3</SUP></TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD colspan="3" align=center>Water&nbsp;</TD>
	<TD colspan="3" align=center>Sewage&nbsp;</TD>
	<TD colspan=3 align=center>Water + Sewage&nbsp;</TD>
  </TR>

<TR valign="bottom">
	<TD align=left><B>Total retail</B>&nbsp;</TD>
	<TD width="8%" align=right><B>1,188.1</B>&nbsp;</TD>
	<TD width="8%" align=right><B>1,210.7</B>&nbsp;</TD>
	<TD width="8%" align=right><B>1.9</B>&nbsp;</TD>

	<TD width="8%" align=right><B>968.7</B>&nbsp;</TD>
	<TD width="8%" align=right><B>995.0</B>&nbsp;</TD>
	<TD width="8%" align=right><B>2.7</B>&nbsp;</TD>
	<TD width="8%" align=right><B>2,156.8</B>&nbsp;</TD>
	<TD width="8%" align=right><B>2,205.7</B>&nbsp;</TD>
	<TD width="8%" align=right><B>2.3</B>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Bulk&nbsp;</TD>
	<TD align=right>211.9&nbsp;</TD>
	<TD align=right>215.2&nbsp;</TD>
	<TD align=right>1.6&nbsp;</TD>
	<TD align=right>21.4&nbsp;</TD>
	<TD align=right>22.4&nbsp;</TD>
	<TD align=right>4.7&nbsp;</TD>
	<TD align=right>233.3&nbsp;</TD>
	<TD align=right>237.6&nbsp;</TD>
	<TD align=right>1.8&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Reuse Water&nbsp;</TD>
	<TD align=right>0.1&nbsp;</TD>
	<TD align=right>0.2&nbsp;</TD>
	<TD align=right>100.0&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>0.1&nbsp;</TD>
	<TD align=right>0.2&nbsp;</TD>
	<TD align=right>100.0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left><B>Grand Total</B>&nbsp;</TD>
	<TD align=right><B>1,400.1</B>&nbsp;</TD>
	<TD align=right><B>1,426.1</B>&nbsp;</TD>
	<TD align=right><B>1.9</B>&nbsp;</TD>
	<TD align=right><B>990.1</B>&nbsp;</TD>
	<TD align=right><B>1,017.4</B>&nbsp;</TD>
	<TD align=right><B>2.8</B>&nbsp;</TD>
	<TD align=right><B>2,390.2</B>&nbsp;</TD>
	<TD align=right><B>2,443.5</B>&nbsp;</TD>
	<TD align=right><B>2.2</B>&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
(1) Not audited <br>
(2) Comprised of the coastal and interior regions </P>
<P>
<B>4. Costs, selling and administrative expenses </B></P>
<P>
In the 3Q09, the cost of products and services provided, selling and administrative expenses increased R&#36;117.5 million, or 11.1% . The ratio of costs and expenses to net revenue increased from 66.3% in the 3Q08 to 72.0% in the 3Q09. </P>
<P align="right">
In millions of R&#36; </P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD width="8%" align=center valign="middle">&nbsp;</TD>
	<TD width="8%" align=center valign="middle">&nbsp;</TD>
	<TD colspan=2 align=center valign="middle">Variation&nbsp;</TD>
	<TD width="8%" align=center valign="middle">&nbsp;</TD>
	<TD width="8%" align=center valign="middle">&nbsp;</TD>
	<TD colspan=2 align=center valign="middle">Variation&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>&nbsp;</TD>
	<TD colspan=2 align=center valign="middle">3Q08 3Q09&nbsp;</TD>
	<TD width="8%" align=center valign="middle"> &nbsp;R&#36;&nbsp;</TD>
	<TD width="8%" align=center valign="middle">%&nbsp;</TD>
	<TD align=center valign="middle">Jan-&nbsp;<br>
    Sept/08&nbsp;</TD>
	<TD align=center valign="middle">Jan-&nbsp;<br>
    Sept/09&nbsp;</TD>
	<TD width="8%" align=center valign="middle">R&#36;&nbsp;</TD>
	<TD width="8%" align=center valign="middle">%&nbsp;</TD></TR>


<TR valign="bottom">
	<TD align=left>Payroll and related charges&nbsp;</TD>
	<TD align=right>339.0&nbsp;</TD>
	<TD align=right>354.6&nbsp;</TD>
	<TD align=right>15.6&nbsp;</TD>
	<TD align=right>4.6&nbsp;</TD>
	<TD align=right>1,001.5&nbsp;</TD>
	<TD align=right>1,203.4&nbsp;</TD>
	<TD align=right>201.9&nbsp;</TD>
	<TD align=right>20.2&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>General supplies&nbsp;</TD>
	<TD align=right>37.4&nbsp;</TD>
	<TD align=right>39.5&nbsp;</TD>
	<TD align=right>2.1&nbsp;</TD>
	<TD align=right>5.6&nbsp;</TD>
	<TD align=right>103.7&nbsp;</TD>
	<TD align=right>111.1&nbsp;</TD>
	<TD align=right>7.4&nbsp;</TD>
	<TD align=right>7.1&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Treatment supplies&nbsp;</TD>
	<TD align=right>32.1&nbsp;</TD>
	<TD align=right>33.4&nbsp;</TD>
	<TD align=right>1.3&nbsp;</TD>
	<TD align=right>4.0&nbsp;</TD>
	<TD align=right>100.0&nbsp;</TD>
	<TD align=right>105.3&nbsp;</TD>
	<TD align=right>5.3&nbsp;</TD>
	<TD align=right>5.3&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Outside services&nbsp;</TD>
	<TD align=right>172.8&nbsp;</TD>
	<TD align=right>236.3&nbsp;</TD>
	<TD align=right>63.5&nbsp;</TD>
	<TD align=right>36.7&nbsp;</TD>
	<TD align=right>453.7&nbsp;</TD>
	<TD align=right>694.2&nbsp;</TD>
	<TD align=right>240.5&nbsp;</TD>
	<TD align=right>53.0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Electricity&nbsp;</TD>
	<TD align=right>113.8&nbsp;</TD>
	<TD align=right>121.4&nbsp;</TD>
	<TD align=right>7.6&nbsp;</TD>
	<TD align=right>6.7&nbsp;</TD>
	<TD align=right>342.9&nbsp;</TD>
	<TD align=right>360.2&nbsp;</TD>
	<TD align=right>17.3&nbsp;</TD>
	<TD align=right>5.0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>General expenses&nbsp;</TD>
	<TD align=right>117.0&nbsp;</TD>
	<TD align=right>145.8&nbsp;</TD>
	<TD align=right>28.8&nbsp;</TD>
	<TD align=right>24.6&nbsp;</TD>
	<TD align=right>246.8&nbsp;</TD>
	<TD align=right>246.1&nbsp;</TD>
	<TD align=right>(0.7)</TD>
	<TD align=right>(0.3)</TD></TR>

<TR valign="bottom">
	<TD align=left>Tax expenses&nbsp;</TD>
	<TD align=right>22.7&nbsp;</TD>
	<TD align=right>9.4&nbsp;</TD>
	<TD align=right>(13.3)</TD>
	<TD align=right>(58.6)</TD>
	<TD align=right>37.4&nbsp;</TD>
	<TD align=right>43.4&nbsp;</TD>
	<TD align=right>6.0&nbsp;</TD>
	<TD align=right>16.0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Subtotal&nbsp;</TD>
	<TD align=right>834.8&nbsp;</TD>
	<TD align=right>940.4&nbsp;</TD>
	<TD align=right>105.6&nbsp;</TD>
	<TD align=right>12.6&nbsp;</TD>
	<TD align=right>2,286.0&nbsp;</TD>
	<TD align=right>2,763.7&nbsp;</TD>
	<TD align=right>477.7&nbsp;</TD>
	<TD align=right>20.9&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Depreciation and amortization&nbsp;</TD>
	<TD align=right>160.3&nbsp;</TD>
	<TD align=right>161.5&nbsp;</TD>
	<TD align=right>1.2&nbsp;</TD>
	<TD align=right>0.7&nbsp;</TD>
	<TD align=right>465.4&nbsp;</TD>
	<TD align=right>484.7&nbsp;</TD>
	<TD align=right>19.3&nbsp;</TD>
	<TD align=right>4.1&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Credit write-offs&nbsp;</TD>
	<TD align=right>60.8&nbsp;</TD>
	<TD align=right>71.5&nbsp;</TD>
	<TD align=right>10.7&nbsp;</TD>
	<TD align=right>17.6&nbsp;</TD>
	<TD align=right>252.6&nbsp;</TD>
	<TD align=right>234.7&nbsp;</TD>
	<TD align=right>(17.9)</TD>
	<TD align=right>(7.1)</TD></TR>

<TR valign="bottom">
	<TD align=left>Costs, and administrative and selling expenses&nbsp;</TD>
	<TD align=right>1,055.9&nbsp;</TD>
	<TD align=right>1,173.4&nbsp;</TD>
	<TD align=right>117.5&nbsp;</TD>
	<TD align=right>11.1&nbsp;</TD>
	<TD align=right>3,004.0&nbsp;</TD>
	<TD align=right>3,483.1&nbsp;</TD>
	<TD align=right>479.1&nbsp;</TD>
	<TD align=right>15.9&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Percentage of Net Revenue (%)</TD>
	<TD align=right>66.3&nbsp;</TD>
	<TD align=right>72.0&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=right>64.7&nbsp;</TD>
	<TD align=right>71.0&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
<B>4.1. Salaries and payroll charges </B></P>
<P>
In the 3Q09 there was an increase of R&#36;15.6 million, or 4.6% in salaries and payroll charges, from R&#36;339.0 million to R&#36;354.6 million as a result of a 6.69% salary increase since May, 2009; and due to the R&#36;1.5 million increase in
the provision for social security obligations resulting from the actuarial calculation of 2009. </P>
<P>
<B>4.2. General supplies </B></P>
<P>
In the 3Q09 there was an increase of R&#36;2.1 million, or 5.6%, when compared to the same period of the previous year, going from R&#36;37.4 million to R&#36;39.5million. The main factors that resulted in this variation were the expenses with
supplies for data processing R&#36;0.7 million, as a consequence of the change and upgrade of the information technology equipment and for the maintenance of buildings and installations of R&#36;1.1 million. </P>
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<P>
<B>4.3. Treatment supplies </B></P>
<P>
The expenditures with chemical products in the 3Q09 were higher than those of 3Q08 by R&#36;1.3 million or 4.0%, from R&#36;32.1 million in the 3Q08 to R&#36;33.4 million in the 3Q09. There was a R&#36;5.9 million increase as a result of higher
consumption of ferric chloride and aluminum poly-chloride, a product that enables better efficiency in the water treatment process. The increase occurred due to the replacement of ferric sulfate, the generator of an environmental liability. </P>
<P>
<B>4.4. Services </B></P>
<P>
In the 3Q09, this item presented an increase of R&#36;63.5 million, or 36.7%, from R&#36;172.8 million to R&#36;236.3 million. The main factors that contributed to this variance were: </P>
<ul>
  <li>  Maintenance of water and sewage connections and network amounting to R&#36;11.5 million, mainly in function of the repressed demand for such service and acceleration of the execution of service contracts in the Santos Lowland Region. Other
    factors that have influenced it were: i) higher allocation of resources to the Loss Reduction Program; ii) increase in the actions to meet the demand of the Corrego Limpo Program with S&atilde;o Paulo City Hall &#150; PMSP; and iii) repairs to the
    Sanitation collecting networks, mainly in the municipality of Praia Grande, optimization of the actions to meet the demands of the "Canal Limpo" Program (Clean Waterway Program) in the municipality of Santos. <br>
    <br>
  </li>
  <li>  Preventive and corrective maintenance in the water treatment systems amounting to R&#36;10.0 million as a result of the following factors: i) actions of urbanization, lightning, leisure and sporting equipment, construction of community bases
    in the "Parque Integra&ccedil;&atilde;o" (Integration Park) as part of the agreement with PMSP, of R&#36;4.3 million; ii) maintenance and recovery of reservoirs, equipment and operating areas in the municipalities of the Regional Systems, of
    R&#36;2.8 million, and iii) maintenance and recovery of reservoirs, decanters, equipment and operating areas in the Water and Sewage Treatment Stations in S&atilde;o Paulo&acute;s Metropolitan Region, of R&#36;1.9 million. <br>
    <br>
  </li>
  <li>  Expenses of R&#36;8.2 million with the implementation of the Water Rational Use Program &#150; PURA, in the municipal schools as a result of the agreement signed between Sabesp and PMSP. <br>
    <br>
  </li>
  <li>   Accounting reclassification related to the license of use of software made in the 3Q08, amounting to of R&#36;6.3 million, non-recurring in future quarter. <br>
    <br>
  </li>
  <li>  Expenditures with the broadcast of advertising campaigns focused on social and environmental actions, like &#147;Projeto Verao&#148;, &#147;Varzeas do Tiete&#148;, &#147;Solu&ccedil;oes Ambientais&#148;, &#147;Vida Nova&#148;, PURA, among
    others, amounting to R&#36;5.3 million, recurring in future quarters. <br>
    <br>
  </li>
  <li>  Provision of R&#36;3.3 million for future disbursements, already committed, related to actions established in the agreement signed between Sabesp and PMSP. </li>
</ul>
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<ul>
  <li>  Professional technical services amounting to R&#36;1.9 million, due to the contracting of consultants, advisors and specialized services devoted to miscellaneous themes like: monitoring system, analysis of integration of information
    management and exposure process of the Sabesp brand, consulting specialized services for corporate restructuring, implementation of Value Added Management &#150; GVA, among other. <br>
    <br>
  </li>
  <li>  Hydrometer reading and delivery of bills amounting to R&#36;1.9 million, resulting from the increase in outsourcing of services of reading, inspection of inactive connections and use of new technologies that enable higher security and
    agility bill issuance and reading systems. <br>
    <br>
  </li>
  <li>  Lease of vehicles started in the second semester of 2008, amounting to R&#36;1.8 million, in replacement of the Company's own fleet; <br>
    <br>
  </li>
  <li>  Hiring of interns amounting to R&#36;1.8 million as of February, 2009 inexistent in the year 2008. <br>
    <br>
  </li>
  <li>  Expenses with mud treatment and disposal related to the services provided by the Public Private Partnership &#150; PPP, in the amount of R&#36;1.7 million, recurring in future quarters. </li>
</ul>
<P>
<B>4.5. Electric Energy </B></P>
<P>
In the 3Q09, this item presented an increase of R&#36;7.6 million or 6.7%, from R&#36;113.8 million to R&#36;121.4 million. There was an increase in the expenditure of 5.16% in the free market and 7.58% in the captive market, corresponding to a 6.7%
average expenditure between the markets. The average tariff increase in the free and captive market was around 10% in the period. </P>
<P>
<B>4.6. General Expenses </B></P>
<P>
In the 3Q09, there was an increase of R&#36;28.8 million or 24.6%, from R&#36;117.0 million to R&#36;145.8 million, due to the increase of R&#36;30.8 million, mainly due to the provision for civil judicial contingencies. </P>
<P>
<B>4.7. Depreciation and amortization </B></P>
<P>
Presented an increase of R&#36;1.2 million or 0.7%, from R&#36;160.3 million to R&#36;161.5 million. This variance is due to the higher transfer of works to fixed assets in operation in this quarter, when compared to the same quarter of 2008. </P>
<P>
<B>4.8. Credit Write-offs </B></P>
<P>
In the 3Q09, the write-off of credits presented an increase of R&#36;10.7 million, or 17.6%, from R&#36;60.8 million to R&#36;71.5 million. As of the 2Q08, the Company started improving the accounting provision for losses. The amounts that were
being accrued after 360 days, started to be recorded as a provision at the time of the appearance of the debt. It is a timing difference. Such methodology that was already applied to the invoicing of the municipalities which the Company provides
water to wholesale, as of the 2Q09, started to be applied also on the invoicing of private customers. The amount of such supplemental provision in this quarter was R&#36;6.6 million, recurring in future quarters. </P>
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<P>
<B>4.9. Tax expenses </B></P>
<P>
In the 3Q09, there was a decrease of R&#36;13.3 million, or 58.6%, mainly related to the payment of TRCF, or Regulating, Control and Inspection Fee to the Regulating Agency of Sanitation and Energy of the State of S&atilde;o Paulo (ARSESP) occurred
in July, 2008, amounting to R&#36;14.8 million, referring to the first 9 installments of the annual amount of 2008. In 2009, the appropriation of these amounts has occurred monthly. </P>
<P>
<B>5. Other operating income and expenses </B></P>
<P>
Other operating income and expenses presented a decrease of R&#36;132.2 million or 105.5%, mainly due to the write-off of fixed assets occurred in the 3Q08, as a result of the execution of the Third Amendment of the Gesp Agreement, that provides for
the full incorporation of the assets calculated in the Appraisal Reports of the Alto Tiete Production System. </P>
<P>
<B>6. Financial Income and Expenses </B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=40%></TD>
    <TD width=2%></TD>
    <TD width=13%></TD>
    <TD width=2%></TD>
    <TD width=13%></TD>
    <TD width=2%></TD>
    <TD width=13%></TD>
    <TD width=2%></TD>
    <TD width=13%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan=3 align=right><B>In millions of R&#36;</B>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>3Q08&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>3Q09&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>Variation&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>%&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Financial expenses&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Interest and charges on domestic loans and financing&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>106.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>98.7&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(7.7)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(7.2)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Interest and charges on foreign loans and financing&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>18.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>14.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(3.1)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(17.2)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Interest on court-ordered indemnities, net of provisions&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>71.7&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>173.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>102.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>142.5&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Other financial expenses&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>7.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>7.7&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>0.7&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>10.0&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>Total financial expenses</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>203.1</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>295.2</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>92.1</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>45.3</B>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Financial income&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>40.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>29.0&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(11.9)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(29.1)</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>Financial expenses, net of income</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>162.2</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>266.2</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>104.0</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>64.1</B>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<P>
<B>6.1. Financial expenses </B></P>
<P>
In the 3Q09 there was an increase of R&#36;92.1 million, or 45.3%, described as follows: </P>
<ul>
  <li>   Decrease of R&#36;7.7 million in interest and charges of internal financings resulting from the decrease of the outstanding balance due to the payments made. <br>
    <br>
  </li>
  <li>  Decrease of R&#36;3.1 million in interest of external financings resulting from foreign exchange rates. <br>
    <br>
  </li>
  <li>  Increase in interest on civil judicial deposits of R&#36;102.2 million. </li>
</ul>
<P>
<B>6.2. Financial Income </B></P>
<P>
The financial income presented a decrease of R&#36;11.9 million, mainly resulting from interest collected on accounts receivable received after their due date and installments from customers&acute; debt occurred in the 3Q08. The variation resulted
from the implementation of risk collection contracts in RMSP in the previous period.</P>
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<P>
<B>7. Income and expenses with monetary variations </B></P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR>
    <TD width=40%></TD>
    <TD width=2%></TD>
    <TD width=13%></TD>
    <TD width=2%></TD>
    <TD width=13%></TD>
    <TD width=2%></TD>
    <TD width=13%></TD>
    <TD width=2%></TD>
    <TD width=13%></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan=3 align=right><B>In millions of R&#36;</B>&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center>3Q08&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>3Q09&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>Variation&nbsp;</TD>
    <TD align="center">&nbsp;</TD>
    <TD align=center>%&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Monetary variation on loans and financing&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>27.9&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(1.9)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(29.8)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(106.8)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Exchange variation on loans and financing&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>212.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(104.7)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(316.9)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(149.3)</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Other monetary variations&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>7.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>9.2&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>1.6&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>21.1&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>Positive monetary variations</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>247.7</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>(97.4)</B></TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>(345.1)</B></TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>(139.3)</B></TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left>Negative monetary variations&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>362.4&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>11.8&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(350.6)</TD>
    <TD>&nbsp;</TD>
    <TD align=right>(96.7)</TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left><B>Net monetary variations</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>(114.7)</B></TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>(109.2)</B></TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>5.5</B>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right><B>(4.8)</B></TD>
  </TR>
  <TR valign="bottom" style="font-size: 1px">
    <TD colspan="9" align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<P>
<B>7.1. Expenses with monetary variations </B></P>
<P>
The net effect from the expenses with monetary variation in the 3Q09 was R&#36;345.1 million, when compared with the 3Q08, being </P>
<ul>
  <li>  Positive variation of R&#36;316.9 million resulting from the 8.9% devaluation of the North-American dollar in the 3Q09, generating a R&#36;104.7 million gain, against a 20.3% appreciation in the 3Q08, that generated a R&#36;212.2 million
    loss. <br>
    <br>
  </li>
  <li>  R&#36;29.8 million reduction in the monetary variations on loans and financings, due to the following factors: i) R&#36;20.4 million reduction in IGPM-indexed financings with a 0.37% negative variation in the 3Q09, against a 1.55% positive
    variation in the 3Q08; and ii) R&#36;9.4 in TR-indexed financings that had a lower variation in the 3Q09 (0.12%) as compared to the 3Q08 (0.55%) . </li>
</ul>
<P>
<B>7.2. Income with monetary variations </B></P>
<P>
The income from monetary variations presented a R&#36;350.6 decrease, having as the main factor, the restatement of uncontroversial amounts referring to the complement of retirement plans according to the Third Amendment to the Gesp Agreement, that
occurred in the previous period. </P>
<P>
<B>8. Operating Indicators </B></P>
<P>
The Company keeps acting strongly in the fight against water losses, which presented a 6.4% decrease in the period under analysis. As a consequence, even with a 0.7% reduction in the volume of water produced, there was a 0.9% increase in the
population served. </P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD align=center> Operational Indicators(*)</TD>
	<TD width="13%" align=center>3Q08&nbsp;</TD>
	<TD width="13%" align=center>3Q09&nbsp;</TD>
	<TD width="13%" align=center>Variation %&nbsp;</TD>
</TR>

<TR valign="bottom">
	<TD align=left>Water connections (1)</TD>
	<TD align=right>6,899&nbsp;</TD>
	<TD align=right>7,086&nbsp;</TD>
	<TD align=right>2.7&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Sewage connections (1)</TD>
	<TD align=right>5,283&nbsp;</TD>
	<TD align=right>5,478&nbsp;</TD>
	<TD align=right>3.7&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Population directly served by water supply (2)</TD>
	<TD align=right>23.1&nbsp;</TD>
	<TD align=right>23.3&nbsp;</TD>
	<TD align=right>0.9&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Population served by sewage collection (2)</TD>
	<TD align=right>19.1&nbsp;</TD>
	<TD align=right>19.5&nbsp;</TD>
	<TD align=right>2.1&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Number of employees&nbsp;</TD>
	<TD align=right>16.695&nbsp;</TD>
	<TD align=right>16.101&nbsp;</TD>
	<TD align=right>(3.6)</TD></TR>

<TR valign="bottom">
	<TD align=left>Water volume produced (3)</TD>
	<TD align=right>2,139.0&nbsp;</TD>
	<TD align=right>2,124.0&nbsp;</TD>
	<TD align=right>(0.7)</TD></TR>

<TR valign="bottom">
	<TD align=left>Billing loss index (%)</TD>
	<TD align=right>28.3&nbsp;</TD>
	<TD align=right>26.5&nbsp;</TD>
	<TD align=right>(6.4)</TD></TR>
</TABLE>
<BR>
<P>
(1) In 1,000 of units at the end of the period <br>
(2) In millions of inhabitants at the end of the period. Wholesale supply not included. <br>
(3) In millions of m<SUP>3 </SUP><br>
* Not audited </P>
<P align="right">
<B>Page: </B>74 </P>

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<A name="page_75"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=99%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><B>12.01 - COMMENTS ON THE COMPANY'S CONSOLIDATED PERFORMANCE IN THE QUARTER</B>&nbsp;</TD></TR>

    <TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
	</TR>
</TABLE>
<BR>
<P align="center">
See comments on the Company's performance. </P>
<P align="right">
<B>Page: </B>75 </P>

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<H5 align="left" style="page-break-before:always"></H5>
<A name="page_76"></A>

<P>
<B>14.01 - CHARACTERISTICS OF THE PUBLIC OR PRIVATE ISSUE OF DEBENTURES</B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="50%" align=left>1- ITEM&nbsp;</TD>
	<TD width="50%" align=right>01&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2 - ORDER No.&nbsp;</TD>
	<TD align=right>6&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3 - REGISTRATION N&ordm;. AT CVM&nbsp;</TD>
	<TD align=right>CVM/SRE/DEB/2004/033&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4 - REGISTRATION DATE AT CVM&nbsp;</TD>
	<TD align=right>09/17/2004&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5 - SERIES ISSUED&nbsp;</TD>
	<TD align=right>3&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>6 - TYPE OF ISSUE&nbsp;</TD>
	<TD align=right>SIMPLE&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>7 - NATURE OF ISSUE&nbsp;</TD>
	<TD align=right>PUBLIC&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>8 - ISSUE DATE&nbsp;</TD>
	<TD align=right>09/01/2004&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>9 - MATURITY DATE&nbsp;</TD>
	<TD align=right>09/01/2010&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>10 - TYPE OF DEBENTURE&nbsp;</TD>
	<TD align=right>WITHOUT PREFERENCE&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>11 - EFFECTIVE YIELD CONDITION&nbsp;</TD>
	<TD align=right>IGPM + 11%&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>12 - PREMIUM/DISCOUNT&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Reais)</TD>
	<TD align=right>1,266.17&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Million Reais)</TD>
	<TD align=right>227,809&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>179,920&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>16 - OUTSTANDING SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>179,920&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>21 - LAST RENEGOTIATION DATE&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>22 - DATE OF NEXT EVENT&nbsp;</TD>
	<TD align=right>09/01/2010&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>76 </P>

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<H5 align="left" style="page-break-before:always"></H5>
<A name="page_77"></A>

<P>
<B>14.01 - CHARACTERISTICS OF THE PUBLIC OR PRIVATE ISSUE OF DEBENTURES </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="50%" align=left>1- ITEM&nbsp;</TD>
	<TD width="50%" align=right>02&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2 - ORDER No.&nbsp;</TD>
	<TD align=right>7&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3 - REGISTRATION N&ordm;. AT CVM&nbsp;</TD>
	<TD align=right>CVM/SRE/DEB/2005/007&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4 - REGISTRATION DATE AT CVM&nbsp;</TD>
	<TD align=right>03/10/2005&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5 - SERIES ISSUED&nbsp;</TD>
	<TD align=right>2&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>6 - TYPE OF ISSUE&nbsp;</TD>
	<TD align=right>SIMPLE&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>7 - NATURE OF ISSUE&nbsp;</TD>
	<TD align=right>PUBLIC&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>8 - ISSUE DATE&nbsp;</TD>
	<TD align=right>03/01/2005&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>9 - MATURITY DATE&nbsp;</TD>
	<TD align=right>03/01/2010&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>10 - TYPE OF DEBENTURE&nbsp;</TD>
	<TD align=right>WITHOUT PREFERENCE&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>11 - EFFECTIVE YIELD CONDITION&nbsp;</TD>
	<TD align=right>IGPM + 10.8%&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>12 - PREMIUM/DISCOUNT&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Reais)</TD>
	<TD align=right>1,289.64&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Million Reais)</TD>
	<TD align=right>128,964&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>100,000&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>16 - OUTSTANDING SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>100,000&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>21 - LAST RENEGOTIATION DATE&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>22 - DATE OF NEXT EVENT&nbsp;</TD>
	<TD align=right>03/01/2010&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>77 </P>

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<A name="page_78"></A>

<P>
<B>14.01 - CHARACTERISTICS OF THE PUBLIC OR PRIVATE ISSUE OF DEBENTURES </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="50%" align=left>1- ITEM&nbsp;</TD>
	<TD width="50%" align=right>03&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2 - ORDER No.&nbsp;</TD>
	<TD align=right>8&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3 - REGISTRATION N&ordm;. AT CVM&nbsp;</TD>
	<TD align=right>CVM/SRE/DEB/2005/033&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4 - REGISTRATION DATE AT CVM&nbsp;</TD>
	<TD align=right>06/22/2005&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5 - SERIES ISSUED&nbsp;</TD>
	<TD align=right>2&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>6 - TYPE OF ISSUE&nbsp;</TD>
	<TD align=right>SIMPLE&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>7 - NATURE OF ISSUE&nbsp;</TD>
	<TD align=right>PUBLIC&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>8 - ISSUE DATE&nbsp;</TD>
	<TD align=right>06/01/2005&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>9 - MATURITY DATE&nbsp;</TD>
	<TD align=right>06/01/2011&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>10 - TYPE OF DEBENTURE&nbsp;</TD>
	<TD align=right>WITHOUT PREFERENCE&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>11 - EFFECTIVE YIELD CONDITION&nbsp;</TD>
	<TD align=right>IGPM + 10.75%&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>12 - PREMIUM/DISCOUNT&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Reais)</TD>
	<TD align=right>1,238.68&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Million Reais)</TD>
	<TD align=right>433,538&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>350,000&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>16 - OUTSTANDING SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>350,000&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>21 - LAST RENEGOTIATION DATE&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>22 - DATE OF NEXT EVENT&nbsp;</TD>
	<TD align=right>06/01/2010&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>78 </P>

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<A name="page_79"></A>

<P>
<B>14.01 - CHARACTERISTICS OF THE PUBLIC OR PRIVATE ISSUE OF DEBENTURES </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="50%" align=left>1- ITEM&nbsp;</TD>
	<TD width="50%" align=right>04&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2 - ORDER No.&nbsp;</TD>
	<TD align=right>9&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3 - REGISTRATION N&ordm;. AT CVM&nbsp;</TD>
	<TD align=right>CVM/SRE/DEB/2008/029&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4 - REGISTRATION DATE AT CVM&nbsp;</TD>
	<TD align=right>10/23/2008&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5 - SERIES ISSUED&nbsp;</TD>
	<TD align=right>1&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>6 - TYPE OF ISSUE&nbsp;</TD>
	<TD align=right>SIMPLE&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>7 - NATURE OF ISSUE&nbsp;</TD>
	<TD align=right>PUBLIC&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>8 - ISSUE DATE&nbsp;</TD>
	<TD align=right>10/15/2008&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>9 - MATURITY DATE&nbsp;</TD>
	<TD align=right>10/15/2013&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>10 - TYPE OF DEBENTURE&nbsp;</TD>
	<TD align=right>WITHOUT PREFERENCE&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>11 - EFFECTIVE YIELD CONDITION&nbsp;</TD>
	<TD align=right>DI + 2.75%&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>12 - PREMIUM/DISCOUNT&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Reais)</TD>
	<TD align=right>1,054.88&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Million Reais)</TD>
	<TD align=right>105,488&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>100,000&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>16 - OUTSTANDING SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>100,000&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>21 - LAST RENEGOTIATION DATE&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>22 - DATE OF NEXT EVENT&nbsp;</TD>
	<TD align=right>10/15/2009&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>79 </P>

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<H5 align="left" style="page-break-before:always"></H5>
<A name="page_80"></A>

<P>
<B>14.01 - CHARACTERISTICS OF THE PUBLIC OR PRIVATE ISSUE OF DEBENTURES </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD width="50%" align=left>1- ITEM&nbsp;</TD>
	<TD width="50%" align=right>05&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>2 - ORDER No.&nbsp;</TD>
	<TD align=right>9&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>3 - REGISTRATION N&ordm;. AT CVM&nbsp;</TD>
	<TD align=right>CVM/SRE/DEB/2008/030&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>4 - REGISTRATION DATE AT CVM&nbsp;</TD>
	<TD align=right>10/23/2008&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>5 - SERIES ISSUED&nbsp;</TD>
	<TD align=right>2&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>6 - TYPE OF ISSUE&nbsp;</TD>
	<TD align=right>SIMPLE&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>7 - NATURE OF ISSUE&nbsp;</TD>
	<TD align=right>PUBLIC&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>8 - ISSUE DATE&nbsp;</TD>
	<TD align=right>10/15/2008&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>9 - MATURITY DATE&nbsp;</TD>
	<TD align=right>10/15/2015&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>10 - TYPE OF DEBENTURE&nbsp;</TD>
	<TD align=right>WITHOUT PREFERENCE&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>11 - EFFECTIVE YIELD CONDITION&nbsp;</TD>
	<TD align=right>IPCA + 12.87%&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>12 - PREMIUM/DISCOUNT&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>13 - NOMINAL AMOUNT&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Reais)</TD>
	<TD align=right>1,169.62&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>14 - AMOUNT ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Million Reais)</TD>
	<TD align=right>140,354&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>15 - NO. OF SECURITIES ISSUED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>120,000&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>16 - OUTSTANDING SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>120,000&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>17 - TREASURY SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>18 - REDEEMED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>19 - CONVERTED SECURITIES&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>20 - SECURITIES TO BE PLACED&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(UNIT)</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>21 - LAST RENEGOTIATION DATE&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>22 - DATE OF NEXT EVENT&nbsp;</TD>
	<TD align=right>10/15/2009&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>80 </P>

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<H5 align="left" style="page-break-before:always"></H5>


<A name="page_81"></A>

<TABLE border=0 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
<TR>
	<TD width=99%></TD></TR>
<TR valign="bottom" style="font-size: 1px">
  <TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><B>20.01 - OTHER INFORMATION CONSIDERED RELEVANT BY THE COMPANY</B>&nbsp;</TD></TR>
<TR valign="bottom" style="font-size: 1px">
	<TD align="center" style="border-top: 1px solid #000000;">&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
<B>1. CHANGE IN THE INTEREST HELD BY THE CONTROLLING SHAREHOLDER, DIRECTORS AND OFFICERS </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD colspan=5 align=center bgcolor="#CCCCCC"> <B>CONSOLIDATED SHAREHOLDING COMPANY POSITION OF CONTROLLING SHAREHOLDER,</B>&nbsp;<br>	  <B>DIRECTORS AND OFFICERS AND OUTSTANDING SHARES*<br>
    </B><B>Position at 09/30/2009</B></TD>
</TR>


<TR valign="bottom">
	<TD align=center valign="top"><B>Shareholder</B>&nbsp;</TD>
	<TD width="20%" align=center valign="top"><B>Number of Common</B>&nbsp;<B>Shares</B>&nbsp;<br>
    <B>(In units)</B></TD>
	<TD width="8%" align=center valign="top"><B>%</B>&nbsp;</TD>
	<TD width="20%" align=center valign="top"><B>Total Number</B>&nbsp;<B>of Shares</B>&nbsp;<br>	  <B>(In units)</B></TD>
	<TD width="8%" align=center valign="top"><B>%</B>&nbsp;</TD>
</TR>


<TR valign="bottom">
	<TD align=left><B>Controlling Shareholder</B>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>State Finance Department&nbsp;</TD>
	<TD align=right>114,508,085&nbsp;</TD>
	<TD align=right>50.3%&nbsp;</TD>
	<TD align=right>114,508,085&nbsp;</TD>
	<TD align=right>50.3%&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left><B>Management</B>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Board of Directors&nbsp;</TD>
	<TD align=right>5,210&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>5,210&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Executive Board&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD></TR>

<TR>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><B>Supervisory Board</B>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD></TR>

<TR>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><B>Treasury Shares</B>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD></TR>

<TR>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><B>Other Shareholders</B>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><B>Total</B>&nbsp;</TD>
	<TD align=right><B>114,513,295</B>&nbsp;</TD>
	<TD align=right><B>50.3%</B>&nbsp;</TD>
	<TD align=right><B>114,513,295</B>&nbsp;</TD>
	<TD align=right><B>50.3%</B>&nbsp;</TD></TR>

<TR>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Outstanding Shares&nbsp;</TD>
	<TD align=right>113,323,328&nbsp;</TD>
	<TD align=right>49.7%&nbsp;</TD>
	<TD align=right>113,323,328&nbsp;</TD>
	<TD align=right>49.7%&nbsp;</TD></TR>
</TABLE>
<BR>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD colspan=5 align=center valign="top" bgcolor="#CCCCCC"> <B>CONSOLIDATED SHAREHOLDING COMPANY POSITION OF CONTROLLING SHAREHOLDER,</B>&nbsp;<br>	  <B>DIRECTORS AND OFFICERS AND OUTSTANDING SHARES<br>
    </B><B>Position at 09/30/2008</B></TD>
</TR>


<TR valign="bottom">
	<TD align=center valign="top"> <B>Shareholder</B>&nbsp;</TD>
	<TD width="20%" align=center valign="top"><B>Number de Common</B>&nbsp;<B>Shares</B>&nbsp;<br>	  <B>(In units)</B></TD>
	<TD width="8%" align=center valign="top"><B>%</B>&nbsp;</TD>
	<TD width="20%" align=center valign="top"><B>Number Total</B>&nbsp;<B>de A&ccedil;&otilde;es</B>&nbsp;<br>	  <B>(In units)</B></TD>
	<TD width="8%" align=center valign="top"><B>%</B>&nbsp;</TD>
</TR>


<TR valign="bottom">
	<TD align=left><B>Controlling Shareholder</B>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>State Finance Department&nbsp;</TD>
	<TD align=right>114,508,086&nbsp;</TD>
	<TD align=right>50.3%&nbsp;</TD>
	<TD align=right>114,508,086&nbsp;</TD>
	<TD align=right>50.3%&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left><B>Management</B>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Board of Directors&nbsp;</TD>
	<TD align=right>5,209&nbsp;</TD>
	<TD align=right>0&nbsp;</TD>
	<TD align=right>5,209&nbsp;</TD>
	<TD align=right>0&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>Executive Board&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD></TR>

<TR>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><B>Supervisory Board</B>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD></TR>

<TR>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><B>Treasury Shares</B>&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD>
	<TD align=right>-&nbsp;</TD></TR>

<TR>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><B>Other Shareholders</B>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD>
	<TD align=left>&nbsp;</TD></TR>

<TR>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left><B>Total</B>&nbsp;</TD>
	<TD align=right><B>114,513,295</B>&nbsp;</TD>
	<TD align=right><B>50.3%</B>&nbsp;</TD>
	<TD align=right><B>114,513,295</B>&nbsp;</TD>
	<TD align=right><B>50.3%</B>&nbsp;</TD></TR>

<TR>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
	<TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left>Outstanding Shares&nbsp;</TD>
	<TD align=right>113,323,328&nbsp;</TD>
	<TD align=right>49.7%&nbsp;</TD>
	<TD align=right>113,323,328&nbsp;</TD>
	<TD align=right>49.7%&nbsp;</TD></TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>81 </P>

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<A name="page_82"></A>

<P>
<B>2. SHAREHOLDING COMPANY POSITION</B> </P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">

<TR valign="bottom">
	<TD colspan=5 align=center bgcolor="#CCCCCC"><B>SHAREHOLDING COMPANY POSITION OF HOLDERS OF MORE THAN 5% OF SHARES OF</B>&nbsp;<B>EACH CATEGORY AND CLASS OF SHARES OF THE COMPANY, UP TO THE LEVEL OF</B>&nbsp;<B>INDIVIDUAL</B></TD></TR>

<TR valign="bottom">
	<TD colspan="3" bgcolor="#CCCCCC"><B>Company:</B>&nbsp;<br>
    <br>    <B>CIA SANEAMENTO B&Aacute;SICO ESTADO S&Atilde;O PAULO</B>&nbsp;</TD>
	<TD colspan=2 align=center valign="middle" bgcolor="#CCCCCC"><B>Position at 06/30/2009</B>&nbsp;<br>
    <B>(In Shares)</B></TD></TR>


<TR valign="bottom">
	<TD align=center>&nbsp;</TD>
	<TD colspan="2" align=center> &nbsp;<B>Common Shares</B>&nbsp;</TD>
	<TD colspan="2" align=center><B>Total</B>&nbsp;</TD>
  </TR>

<TR valign="bottom">
	<TD align=left><B>Shareholder</B>&nbsp;</TD>
	<TD width="20%" align=center><B>Number</B>&nbsp;</TD>
	<TD width="8%" align=center><B>%</B>&nbsp;</TD>
	<TD width="20%" align=center> &nbsp;<B>Number</B>&nbsp;</TD>
	<TD width="8%" align=center><B>%</B>&nbsp;</TD></TR>

<TR valign="bottom">
	<TD align=left>State Finance Department&nbsp;</TD>
	<TD align=right>114,508,085&nbsp;</TD>
	<TD align=right> &nbsp;50.3&nbsp;</TD>
	<TD align=right>114,508,085&nbsp;</TD>
	<TD align=right>50.3&nbsp;</TD></TR>
</TABLE>
<BR>
<P>
<B>3. ARBITRATION COMMITMENT CLAUSE </B></P>
<P>
The Company, its controlling Shareholder, Management and members of the Supervisory Board agree to resolve any and all disputes or controversies arising out of or related to the "Novo Mercado" (New Market) Listing Regulations, BOVESPA's New Market
Participation Agreement, Commitment Clauses, in particular as to their application, validity, effectiveness, interpretation, breach and effects, by means of arbitration to be conducted at the Market Arbitration Chamber, in conformity with the
Chamber's Arbitration Regulations. </P>
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<P>
<B>Report of Independent Accountants on Review</B><B> </B></P>
<P>
To the Board of Directors and Shareholders <br>
Companhia de Saneamento B&aacute;sico do Estado de S&atilde;o Paulo - SABESP </P>
<P>
1 We have reviewed the accounting information included in the Quarterly Information (ITR) (parent company and consolidated) of Companhia de Saneamento B&aacute;sico do Estado de S&atilde;o Paulo - SABESP ("Company") for the quarter ended September
30, 2009, comprising the balance sheet, the statements of income, of changes in shareholders' equity, of cash flows, and of value added, the explanatory notes and the performance report. This Quarterly Information is the responsibility of the
Company's management. </P>
<P>
2 Our review was carried out in accordance with specific standards established by the Institute of Independent Auditors of Brazil (IBRACON), in conjunction with the Federal Accounting Council (CFC), and mainly comprised: (a) inquiries of and
discussions with management responsible for the accounting, financial and operating areas of the Company with regard to the main criteria adopted for the preparation of the Quarterly Information and (b) a review of the significant information and of
the subsequent events which have, or could have, significant effects on the financial position and operations of the Company and its subsidiary. </P>
<P>
3 As mentioned in Note 5, the Company keeps recorded in non-current assets the amounts related to the supplementation of retirement and pensions paid by it in the period from 1986 to 2009. After a period of negotiation, the parties (Company and
Government of the State of S&atilde;o Paulo) signed, on November 17, 2008, the Third Amendment to the Document of Recognition, Payment Commitment and Other Covenants, which presents the installments considered disputed and undisputed, originated
from calculations made by a specialized entity in relation to the payments made. As a result of this Document, the Company recognized the monetary restatement of the undisputed part, which was kept at historical values until then, however it did not
record a provision for the disputed installment, amounting to R&#36; 332,458 thousand, net of tax effects, due to the high expectation of a favorable outcome to receive the pending amounts and the expected solution of divergences with the State
and/or discussions at technical and judicial levels. Accounting practices adopted in Brazil require a provision for losses to reduce the amount to the recoverable value, which corresponds, in this context, to the amounts overdue for a long time and
considered as controversial. Consequently, non-current assets and shareholders' equity are overstated by R&#36; 332,458 thousand and net income for the six-month period ended September 30, 2009 is overstated by R&#36; 29,683 thousand, net of the tax
effects. </P>
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<P>
4 Based on our limited review, except for the effects of the matter mentioned in paragraph 3 above, we are not aware of any material modifications that should be made to the accounting information included in the Quarterly Information referred to
above in order that it be stated in accordance with the standards issued by the Brazilian Securities Commission (CVM) applicable to the preparation of Quarterly Information, including CVM Instruction 469/08. </P>
<P>
5 As mentioned in Note 5, the Company and the Government of the State of S&atilde;o Paulo entered into an agreement to settle the amount denominated controversial, referring to the reimbursement of complementary retirement and pension, paid by the
Company on behalf of and for the account of the Government of the State of S&atilde;o Paulo. The realization of this asset could eventually be influenced by: (a) the resolution of legal uncertainties caused by a public lawsuit and legislative
authorization related to the transfer of the reservoirs to the Company, amounting to R&#36; 696,283 thousand and (b) the financial receipt of the other amounts, totaling R&#36; 202,582 thousand. </P>
<P>
6 As mentioned in Note 21, some agreements were signed between the Municipal Authority of S&atilde;o Paulo and the Company, which intended to restructure the existing debts in the context that simultaneously involves stability in the rendering of
services and the establishment of sanitation activities. Due to the current stage of negotiations between the Company and the Municipality, management expects that no adjustment will be necessary to the corresponding amounts included in the
financial statements. Accordingly, no adjustment has been included in the financial statements. </P>
<P>
7 As mentioned in Note 2, the accounting practices adopted in Brazil were changed during 2008 and the effects of their initial adoption were recorded by the Company and its subsidiary during the fourth quarter of 2008 and disclosed in the financial
statements at December 31, 2008. The statements of income, of changes in shareholders' equity, of cash flows, and of value added for the quarter ended September 30, 2008, presented together with the current quarterly information, have not been
adjusted for comparison purposes as permitted by Official Letter CVM 02/2009. </P>
<P>
S&atilde;o Paulo, November 13, 2009 </P>
<P>
PricewaterhouseCoopers <br>
Auditores Independentes <br>
CRC 2SP000160/O-5 </P>
<P>
Paulo Cesar Estev&atilde;o Netto<br>
Contador CRC 1RJ026365/O-8 &#147;T&#148; SP </P>
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<P align="center">
<B>INDEX </B></P>
<TABLE border=1 width=100% cellspacing=0 cellpadding=0 style="font-family: 'Times New Roman, Times, Serif'; font-size:11px">
  <TR valign="bottom">
    <TD width="10%" align=left>Group </TD>
    <TD width="10%" align=left>Table </TD>
    <TD align=left>Description&nbsp;</TD>
    <TD width="10%" align=center>Page&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">IDENTIFICATION&nbsp;</TD>
    <TD align=center valign="top">1&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=center valign="top">02&nbsp;</TD>
    <TD align=left valign="top">HEAD OFFICE&nbsp;</TD>
    <TD align=center valign="top">1&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=center valign="top">03&nbsp;</TD>
    <TD align=left valign="top">INVESTOR RELATIONS OFFICER (Company's mail address)</TD>
    <TD align=center valign="top">1&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=center valign="top">04&nbsp;</TD>
    <TD align=left valign="top">GENERAL INFORMATION/INDEPENDENT ACCOUNTANT&nbsp;</TD>
    <TD align=center valign="top">1&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=center valign="top">05&nbsp;</TD>
    <TD align=left valign="top">CAPITAL COMPOSITION&nbsp;</TD>
    <TD align=center valign="top">2&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=center valign="top">06&nbsp;</TD>
    <TD align=left valign="top">CHARACTERISTICS OF THE COMPANY&nbsp;</TD>
    <TD align=center valign="top">2&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=center valign="top">07&nbsp;</TD>
    <TD align=left valign="top">COMPANIES NOT INCLUDED IN THE CONSOLIDATED FINANCIAL&nbsp;STATEMENTS&nbsp;</TD>
    <TD align=center valign="top">2&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=center valign="top">08&nbsp;</TD>
    <TD align=left valign="top">DIVIDENDS APPROVED AND/OR PAID DURING AND AFTER THE QUARTER&nbsp;</TD>
    <TD align=center valign="top">2&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=center valign="top">09&nbsp;</TD>
    <TD align=left valign="top">SUBSCRIBED CAPITAL AND ALTERATIONS IN THE CURRENT YEAR&nbsp;</TD>
    <TD align=center valign="top">3&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=center valign="top">10&nbsp;</TD>
    <TD align=left valign="top">INVESTOR RELATIONS OFFICER&nbsp;</TD>
    <TD align=center valign="top">3&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">02&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">BALANCE SHEET &#150; ASSETS&nbsp;</TD>
    <TD align=center valign="top">4&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">02&nbsp;</TD>
    <TD align=center valign="top">02&nbsp;</TD>
    <TD align=left valign="top">BALANCE SHEET &#150; LIABILITIES AND SHAREHOLDERS' EQUITY&nbsp;</TD>
    <TD align=center valign="top">6&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">03&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">STATEMENT OF INCOME&nbsp;</TD>
    <TD align=center valign="top">7&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">04&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">STATEMENT OF CASH FLOWS&nbsp;</TD>
    <TD align=center valign="top">10&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">05&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FROM 07/01/2009 to&nbsp;09/30/2009&nbsp;</TD>
    <TD align=center valign="top">12&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">05&nbsp;</TD>
    <TD align=center valign="top">02&nbsp;</TD>
    <TD align=left valign="top">STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY FROM 01/01/2009 to&nbsp;09/30/2009&nbsp;</TD>
    <TD align=center valign="top">13&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">08&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">CONSOLIDATED BALANCE SHEET - ASSETS&nbsp;</TD>
    <TD align=center valign="top">14&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">08&nbsp;</TD>
    <TD align=center valign="top">02&nbsp;</TD>
    <TD align=left valign="top">CONSOLIDATED BALANCE SHEET - LIABILITIES&nbsp;</TD>
    <TD align=center valign="top">15&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">09&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">CONSOLIDATED STATEMENT OF INCOME&nbsp;</TD>
    <TD align=center valign="top">17&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">10&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">CONSOLIDATED STATEMENT OF CASH FLOWS &#150; INDIRECT METHOD&nbsp;</TD>
    <TD align=center valign="top">19&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">11&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">STATEMENT OF CONSOLIDATED CHANGES IN SHAREHOLDERS' EQUITY&nbsp;FROM 07/01/2009 to 09/30/2009&nbsp;</TD>
    <TD align=center valign="top">21&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">11&nbsp;</TD>
    <TD align=center valign="top">02&nbsp;</TD>
    <TD align=left valign="top">STATEMENT OF CONSOLIDATED CHANGES IN SHAREHOLDERS' EQUITY&nbsp;FROM 01/01/2009 to 09/30/2009&nbsp;</TD>
    <TD align=center valign="top">22&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">06&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">EXPLANATORY NOTES&nbsp;</TD>
    <TD align=center valign="top">23&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">07&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">COMMENTS ON THE COMPANY'S PERFORMANCE IN THE QUARTER&nbsp;</TD>
    <TD align=center valign="top">68&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">12&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">COMMENTS ON THE COMPANY'S CONSOLIDATED PERFORMANCE IN THE&nbsp;QUARTER&nbsp;</TD>
    <TD align=center valign="top">75&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">14&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">CHARACTERISTICS OF THE PUBLIC OR PRIVATE ISSUANCE OF DEBENTURES&nbsp;</TD>
    <TD align=center valign="top">76&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">20&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">OTHER INFORMATION THAT THE COMPANY CONSIDERS RELEVANT&nbsp;</TD>
    <TD align=center valign="top">81&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=center valign="top">21&nbsp;</TD>
    <TD align=center valign="top">01&nbsp;</TD>
    <TD align=left valign="top">REPORT ON THE LIMITED REVIEW&nbsp;</TD>
    <TD align=center valign="top">83/84&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<P align="right">
<B>Page: </B>85 </P>

<H5 align="left" style="page-break-before:always"></H5>
<HR SIZE="2" NOSHADE COLOR="#000000" ALIGN="left">
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B><u>SIGNATURE </u></B></FONT><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<DIV align=justify><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized, in the city S&#227;o Paulo, Brazil. </FONT></DIV>
<p></p>
<DIV align=justify><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000">


Date: January 19, 2010</FONT></DIV>
<p></p> <DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center">
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<TR>
<TD VALIGN="top" COLSPAN="3" WIDTH="50%">
<DIV align=left><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"> <b> Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP </b> </FONT></DIV></TD>
</TR>
<TR>
<TD HEIGHT="16"> </TD>
</TR>
<TR>
  <TD VALIGN="top"><DIV align=left><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">By:</FONT></DIV></TD>
  <TD VALIGN="bottom" ALIGN="center"><DIV ALIGN="center">
    <DIV ALIGN="center">/S/&nbsp;Rui de Britto &Aacute;lvares Affonso&nbsp;</DIV>
    <HR NOSHADE SIZE=1 COLOR="#000000" ALIGN="left">
  </DIV>      </TD>
  </TR>
<TR>
<TD> <FONT SIZE="1">&nbsp;</FONT></TD>
<TD VALIGN="bottom" ALIGN="center" WIDTH="43%">
<DIV ALIGN=left><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> Name: Rui de Britto &#193;lvares Affonso </FONT></DIV>
<DIV ALIGN=left><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"> Title: Chief Financial Officer and Investor Relations Officer  </FONT></DIV></TD>
</TR>
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</DIV>
<DIV><FONT SIZE="1">&nbsp;</FONT></DIV>
<P>&nbsp;</P>
<P></P>

<DIV><FONT SIZE="1">&nbsp;</FONT></DIV> <DIV ALIGN="center"><FONT FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>FORWARD-LOOKING STATEMENTS </B></FONT></DIV>

<P align=justify><FONT FACE="'Times New Roman, Times, Serif'" SIZE=2>
This press release may contain forward-looking statements.
These statements are statements that are not historical facts, and are based on
management's current view and estimates of future economic circumstances,
industry conditions, company performance and financial results. The words "anticipates", "believes",
"estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended
to identify forward-looking statements. Statements regarding the declaration or payment of dividends,
the implementation of principal operating and financing strategies and capital
expenditure plans, the direction of future operations and the
factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking
statements. Such statements reflect the current views of management and are subject to a
number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The
statements are based on many assumptions and factors, including general economic and market conditions,
industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual
results to differ materially from current expectations.
 </FONT></P>


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