<SEC-DOCUMENT>0001292814-11-001074.txt : 20110415
<SEC-HEADER>0001292814-11-001074.hdr.sgml : 20110415
<ACCEPTANCE-DATETIME>20110414183022
ACCESSION NUMBER:		0001292814-11-001074
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20110630
FILED AS OF DATE:		20110415
DATE AS OF CHANGE:		20110414

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:		11760660

	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>sbs20110413_6k.htm
<DESCRIPTION>ANNUAL AND EXTRAORDINARY SHAREHOLDERS' MEETING
<TEXT>

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   <TITLE>sbs20110413_6k.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Washington, DC 20549 </B></FONT></DIV>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>FORM 6-K</B></FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><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 color=#000000 size=3 face="Times New Roman"><B>SECURITIES EXCHANGE ACT OF 1934</B></FONT></DIV>

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<DIV><FONT color=#000000 size=2 face="Times New Roman"><B>For&nbsp;April 11, 2011</B></FONT></DIV><FONT color=#000000 size=2 face="Times New Roman"><B>(Commission File No. 1-31317) </B></FONT></DIV>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman"><I>(Exact name of registrant as specified in its charter) </I></FONT></DIV>

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<DIV align=center></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Basic Sanitation Company of the State of Sao Paulo - SABESP </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman"><I>(Translation of Registrant's name into English) </I></FONT></DIV>

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<DIV align=center><FONT color=#000000 size=2 face="Times New Roman"><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 color=#000000 size=2 face="Times New Roman"><I>(Address of Registrant's principal executive offices) </I></FONT></DIV><BR>

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<BR>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">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 color=#000000 size=2 face="Times New Roman">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>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">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 size=2 face="'Times New Roman, Times, Serif'">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>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">If "Yes" is marked, indicated below the file number assigned to the<BR>registrant in connection with Rule 12g3-2(b):</FONT> </DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 9.0pt" face=Verdana,sans-serif>
<IMG alt=Sabesp90_10 src="logo.jpg" width=42 height=57></FONT><FONT style="mso-bidi-font-size: 12.0pt" face=Verdana,sans-serif>&nbsp;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="mso-bidi-font-size: 10.0pt" face=Verdana,sans-serif><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO &#8211; SABESP</FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>PUBLICLY HELD COMPANY</FONT></B></FONT></FONT></B></P>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>Corporate Taxpayer ID (CNPJ) 43.776.517/0001-80</FONT></B></FONT></H2>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="mso-ansi-language: EN-US"><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="mso-ansi-language: EN-US"><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman,serif"></FONT></FONT>&nbsp;</P></DIV>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 6pt" align=center><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>ANNUAL AND EXTRAORDINARY SHAREHOLDERS&#8217; MEETING</FONT></B></H1>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 6pt" align=center><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>MANAGEMENT PROPOSAL</FONT></B></H1>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>ANNUAL SHAREHOLDERS&#8217; MEETING</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-INDENT: -17.85pt; MARGIN: 0cm 0cm 0pt 17.85pt"><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>A.</FONT></B><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp; </FONT></B><B><U><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Allocation of Net Income</FONT></U></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Proposal for the allocation of the net income for 2010 to be submitted to the Shareholders&#8217; Meeting to be held on April 28, 2011.</FONT></P>

<P style="MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif></FONT>&nbsp;</P>

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   <P style="MARGIN: 0cm 0cm 6pt"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Net income for the year</FONT></I></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 6pt" align=left><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>R$</FONT></I></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 6pt" align=right><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>1,630,446,626.68</FONT></I></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 6pt"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>(-) Legal Reserve 5%</FONT></I></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 6pt" align=left><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>R$</FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 22.7pt; BORDER-RIGHT: windowtext 1pt solid" width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 6pt" align=right><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>81,522,331.33</FONT></I></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 6pt"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>(-) Minimum mandatory dividends</FONT></I></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 6pt" align=left><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>R$</FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 22.7pt; BORDER-RIGHT: windowtext 1pt solid" width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 6pt" align=right><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>387,231,073.84</FONT></I></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 6pt"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>(-) Additional proposed dividends</FONT></I></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 6pt" align=left><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>R$</FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 22.7pt; BORDER-RIGHT: windowtext 1pt solid" width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 6pt" align=right><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>68,761,143.43</FONT></I></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 6pt"><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Retained earnings</FONT></I></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 6pt" align=left><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>R$</FONT></I></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 22.7pt; BORDER-RIGHT: windowtext 1pt solid" width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 6pt" align=right><B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>1,092,932,078.08</FONT></I></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net income for the year: R$1,630,447 thousand.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 6pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global amount and the amount per share of dividends, including prepaid dividends and interest on equity already declared: R$455,992 thousand; VPA = R$2.00</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Percentage of the net income for the year distributed: 28%.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 6pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>4. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Global amount and the amount per share of dividends distributed based on the income for previous years: </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Not applicable.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Less prepaid dividends and interest on equity already declared:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Not applicable.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 6pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>6. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Declaration of dividends or interest on equity based on profits verified in the half-yearly balance sheets or for shorter periods:</FONT></P>

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<IMG alt=sabesp_footer.jpg src="bottom.jpg" width=589 height=69></FONT><FONT style="mso-bidi-font-size: 12.0pt" face=Verdana,sans-serif>&nbsp;</FONT></P></DIV></DIV>

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<IMG alt=Sabesp90_10 src="logo.jpg" width=42 height=57></FONT><FONT style="mso-bidi-font-size: 12.0pt" face=Verdana,sans-serif>&nbsp;</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="mso-bidi-font-size: 10.0pt" face=Verdana,sans-serif><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO &#8211; SABESP</FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>PUBLICLY HELD COMPANY</FONT></B></FONT></FONT></B></P>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>Corporate Taxpayer ID (CNPJ) 43.776.517/0001-80</FONT></B></FONT></H2>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="mso-ansi-language: EN-US"><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="mso-ansi-language: EN-US"><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman,serif"></FONT></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; amount of dividends or interest on equity already declared: January to December 2010, the amount of R$455,992 thousand.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; payments will be made within no later than 60 days after the 2011 Annual Shareholders&#8217; Meeting. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>7. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Comparative chart indicating the following amounts per share of each type and class:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; net income for the year and related to the previous three years; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; dividend and interest on equity distributed in the previous three years: </FONT></P>

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   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="27%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>2007</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>2008</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>2009</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>2010</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="27%">

   <P style="MARGIN: 0cm 0cm 6pt"><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Net income per share - R$ </FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>4.6316</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>0.279</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>6.6176</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

   <P style="MARGIN: 0cm 0cm 6pt" align=center><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>7.1562</FONT></P>

   <P style="MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>&nbsp;&nbsp; &nbsp;</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="27%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT style="LINE-HEIGHT: 115%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Dividends/interest on equity distributed per common share - R$</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>1.32</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="19%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>1.30</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>1.73</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif></FONT>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>2.00</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit allocated to legal reserve:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amount set aside to the legal reserve: R$81,522 thousand.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Calculation of the legal reserve: 5% of net income. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The capital stock is represented by common shares of a single type, non-par, registered and voting shares, without restrictions, at the Shareholders&#8217; Meetings.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>10.&nbsp;&nbsp;&nbsp;&nbsp; Mandatory dividend:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The minimum mandatory dividend is twenty-five percent (25%) of the net income for the year after deductions set forth or accepted by laws, as provided for in the Company&#8217;s Bylaws.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; fully paid</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 9.0pt" face=Verdana,sans-serif>
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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO &#8211; SABESP</FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>PUBLICLY HELD COMPANY</FONT></B></FONT></FONT></B></P>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>Corporate Taxpayer ID (CNPJ) 43.776.517/0001-80</FONT></B></FONT></H2>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="mso-ansi-language: EN-US"><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="mso-ansi-language: EN-US"><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman,serif"></FONT></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 12pt 35.45pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; no retained amount</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>11.&nbsp;&nbsp;&nbsp;&nbsp; No retention of mandatory dividends due to the Company&#8217;s financial condition. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>12.&nbsp;&nbsp;&nbsp;&nbsp; No allocation of income to contingencies reserve.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>13.&nbsp;&nbsp;&nbsp;&nbsp; No allocation of income to unrealized profit reserve.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>14.&nbsp;&nbsp;&nbsp;&nbsp; No allocation of income to statutory reserves.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>15. &nbsp;&nbsp;&nbsp; Profit retention provided for in the Capital Budget: &nbsp;R$1,092,932,078.08, plus R$56,047,535.34 deriving from adjustments to the adoption of new practices, amounting to R$ 1,148,976,613.42.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>16.&nbsp;&nbsp;&nbsp;&nbsp; No allocation of income to the tax incentive reserve.</FONT></P>

<P style="MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 18pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>&nbsp;&nbsp;</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm; punctuation-wrap: hanging"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt; FONT-WEIGHT: normal" lang=EN-US color=windowtext face=Verdana,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN-TOP: 0cm; MARGIN-LEFT: 0cm; MARGIN-RIGHT: 0cm"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif></FONT>&nbsp;</P>

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05/12/201104/28/2011<A name="page_4"></A>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO &#8211; SABESP</FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>PUBLICLY HELD COMPANY</FONT></B></FONT></FONT></B></P>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>Corporate Taxpayer ID (CNPJ) 43.776.517/0001-80</FONT></B></FONT></H2>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="mso-ansi-language: EN-US"><FONT style="FONT-SIZE: 9pt" lang=EN-US face="Times New Roman,serif"></FONT></FONT>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><U><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Election of members of the Board of Directors, sitting members and deputy members of the Fiscal Council and compensation</FONT></U></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Below, the information on the candidates as member of the Board of Directors and Fiscal Council, according to sub-items 12.6 to 12.10 of the Reference Form:</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>12.6 In relation to the administrators and members of the &nbsp;Fiscal Council, indicate in a chart:</FONT></B></P>

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<TABLE style="WIDTH: 100%" border=0 cellSpacing=0 cellPadding=0>



<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="100%" colSpan=10 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>BOARD OF DIRECTORS</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Name</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Age</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Occupation</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Individual Taxpayer ID (</FONT><FONT style="FONT-SIZE: 7pt">CPF)</FONT></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Elected position</FONT></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Date&nbsp;<FONT face=Verdana>of</FONT> election</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Date of investure</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Term of office</FONT></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Other positions held at the company</FONT></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Elected by Controlling shareholders</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;(<FONT face=Verdana>Yes</FONT>/No)</FONT></FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Edson de Olivera Giriboni</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>58</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Civil Engineer</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>983.613.258-91</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Chairman of the Board of Directors</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/12/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Sidney Estanislau Beraldo</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>60</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Biolog<FONT face=Verdana>ist</FONT>&nbsp;<FONT face=Verdana>and Business&nbsp;</FONT>Administra<FONT face=Verdana>t</FONT>or</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>400.743.408-59</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=#000000 face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Board Member</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/12/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Dilma Seli Pena</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>61</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Geographist</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>076.215.821-20</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=#000000 face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=#000000 face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Board Member</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/12/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Chief Executive Officer</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Walter Tesch</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>67</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Social Scientist</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>334.124.720-34</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=#000000 face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Board Member</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/12/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Alberto Goldman</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>73</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Civil Engineer</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>011.110.948-53</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=#000000 face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Board Member</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/12/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Heraldo Gilberto de Oliveira</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>46</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%"><FONT style="FONT-SIZE: 7pt" face=Verdana>Accountant and Business Administrator</FONT></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>454.094.479-72</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=#000000 face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Independent Board Member</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/12/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Jer&#244;nimo Antunes</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>55</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7pt" face=Verdana>Accountant and Business Administrator</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>901.269.398-53</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=#000000 face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Independent Board Member</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/12/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Reinaldo Guerreiro</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>58</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Economist</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>503.946.658-72</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=#000000 face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Board Member</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/12/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Andrea Sandro Calabi</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>65</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Economist</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>002.107.148-91</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=#000000 face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Board Member</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/12/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="4%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="11%"><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="4%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="11%"><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap><FONT style="FONT-SIZE: 7pt">&nbsp;</FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="100%" colSpan=10 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>FISCAL COUNCIL</FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Name</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Age</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Occupation</FONT></B></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><B><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Individual Taxpayer ID (</FONT><FONT style="FONT-SIZE: 7pt">CPF)</FONT></FONT></B></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Elected position</FONT></FONT></B></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Date&nbsp;<FONT face=Verdana>of</FONT> election</FONT></B></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Date of investure</FONT></B></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Term of office</FONT></FONT></B></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Other positions held at the company</FONT></FONT></B></FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><B><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Elected by Controlling shareholders</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;(<FONT face=Verdana>Yes</FONT>/No)</FONT></FONT></B></FONT></B></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Jos&#233; Antonio Xavier</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>50</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Economist</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>036.215.928-90</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Sitting&nbsp;Fiscal council member</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/1<FONT style="FONT-SIZE: 7pt" face=Verdana>1</FONT>/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Humberto Macedo Puccinelli</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>53</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Economist</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>022.759.188-76</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Sitting </FONT></FONT></FONT><FONT style="FONT-SIZE: 7pt"></FONT><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Fiscal council member</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/1<FONT style="FONT-SIZE: 7pt" face=Verdana>1</FONT>/2011</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Deraldo de Souza Mesquita Junior</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>51</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Economist</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>079.530.638-59</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Sitting </FONT></FONT></FONT><FONT style="FONT-SIZE: 7pt"></FONT><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Fiscal council member</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/1<FONT style="FONT-SIZE: 7pt" face=Verdana>1</FONT>/2011</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Tom&#225;s Bruginski de Paula</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>50</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Economist</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>092.553.068-98</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Deputy Fiscal council member</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/1<FONT style="FONT-SIZE: 7pt" face=Verdana>1</FONT>/2011</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Jos&#233; Rubens Gozzo Pereira</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>63</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Economist</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>309.106.178-72</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=#000000 face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=#000000 face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Deputy Fiscal council member</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/1<FONT style="FONT-SIZE: 7pt" face=Verdana>1</FONT>/2011</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>Joaldir Reynaldo Machado</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="4%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>62</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>Economist</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="9%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>430.403.148-15</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>Deputy Fiscal council member</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>04/28/2011</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" face=Verdana,sans-serif>05/1<FONT style="FONT-SIZE: 7pt" face=Verdana>1</FONT>/2011</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>April</FONT><FONT style="FONT-SIZE: 7pt">&nbsp;2012</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 7pt" color=black face=Verdana,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: normal; FONT-SIZE: 10pt" color=black face=Verdana,sans-serif><FONT style="LINE-HEIGHT: normal" color=black face=Verdana,sans-serif><FONT style="FONT-SIZE: 7pt" face=Verdana>YE</FONT><FONT style="FONT-SIZE: 7pt">S</FONT></FONT></FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO &#8211; SABESP</FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>PUBLICLY HELD COMPANY</FONT></B></FONT></FONT></B></P>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>Corporate Taxpayer ID (CNPJ) 43.776.517/0001-80</FONT></B></FONT></H2>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Resume of the Board of Directors and members of the Fiscal Council</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 12pt" align=center><B><U><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Board of Directors</FONT></U></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#2f2f2f face=Verdana,sans-serif>Edson Giriboni</FONT></U></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#202020 face=Verdana,sans-serif> &#8211; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Verdana,sans-serif>Secretary of Sanitation and Water Resources of the State of S&#227;o Paulo since January 2011. Mr. Giriboni is State Deputy in S&#227;o Paulo. Civil Engineering from Polytechnic School of S&#227;o Paulo University and Business Administration from the Educational Association of Itapetininga, with graduate courses at Campinas University and Federal University of Minas Gerais. Mr. Giriboni was General Superintendent of Fepasa and vice-mayor of Itapetininga where he also worked at the Municipal Department of Works and Public Utilities, and subsequently, in the Municipal Department of Industry and Development.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN-TOP: 0cm; MARGIN-LEFT: 0cm; MARGIN-RIGHT: 0cm"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Verdana,sans-serif>Sidney de Oliveira Beraldo </FONT></U></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Verdana,sans-serif>&#8211; Chief of Staff of the S&#227;o Paulo State Government Office, since January 2011. Mr. Beraldo holds bachelor&#8217;s degree in Biological Sciences, Business Administration and post graduated in Business Administration. He has started his career in politics as city councilman (1977-82) and as mayor of S&#227;o Jo&#227;o da Boa Vista (1983/88). In 1994, Mr. Beraldo was elected State Deputy by the PSDB, office to which he was re-elected in 1998, 2002 and 2006. His mandate as State Deputy expired in March 2011. He was president of the Legislative Assembly (2003/2005), elected by unanimous vote. At the Legislative Assembly, he acted as the caucus leader during Mario Covas government as well as the president of the Committees of Culture, Science, Technology, Economics and Planning. He idealized the Legislative Forum of Sustained Economic Development, a groundbreaking initiative that discusses alternatives to development with organized sectors of society. Mr. Beraldo was the speaker of the state government&#8217;s debt renegotiation projects, State Development Program, Regularization of Water Sources and Privatization of Energy Companies. Among the projects under his responsibility, it stands out project that oblige the State government to provide HIV and Syphilis tests for pregnant women during prenatal in the entire public health system; the Code of Ethics for Public Servants of the S&#227;o Paulo State Government; and the bill that created the Program called &#8220; Universidade na Comunidade&#8221; (Community University Partnership). He presided over the State Council of the political party PSDB between 2005 and 2006. In 2007, he headed the Public Management Department, remaining in this office until April 2010. Mr. Beraldo was the general coordinator of current Governor Geraldo Alckmin&#8217;s campaign and led the transition government.<BR></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Verdana,sans-serif><BR></FONT><B><U><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Verdana,sans-serif>Dilma Seli Pena</FONT></U></B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=windowtext face=Verdana,sans-serif> &#8211;Chief Executive Officer of Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - Sabesp since January&nbsp;2011.&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>She holds a master&#8217;s degree in public administration from Get&#250;lio Vargas Foundation (FGV/EASP), and bachelor&#8217;s degree in geography from Bras&#237;lia University.&nbsp; In 1976, she began her career as a federal public servant as a technician in planning and research at the Research Institute of Applied Economics, or IPEA.&nbsp; She was officer of the Sanitation division of the Urban Policy Department of the Ministry of Planning, officer of the Strategic Investments division of the Ministry of Planning and officer of the Brazilian National Water Agency.&nbsp;At the state government level, she was a deputy secretary of the Economics and Planning Department of the S&#227;o Paulo State Government.&nbsp;Since January&nbsp;2007, she has been responsible for the Sanitation and Energy Department of the State of S&#227;o Paulo and also presides over the Board of Directors of CESP and EMAE.&nbsp;Dilma Seli Pena has published a number of articles, texts and books in the areas of sanitation, water resources and planning.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO &#8211; SABESP</FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>PUBLICLY HELD COMPANY</FONT></B></FONT></FONT></B></P>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>Corporate Taxpayer ID (CNPJ) 43.776.517/0001-80</FONT></B></FONT></H2>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Walter Tesch</FONT></U></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif> &#8211;Coordinator of CRHi (Water Resources Coordination Department) of the State of S&#227;o Paulo since January 2011. He holds a master&#8217;s degree in Social Sciences from the Pontifical Catholic University of Peru and graduation in sociology from Uruguay University. He worked in Peru and Venezuela and performed professional activities in several Latin American countries. Between 2005-2008, Mr. Tesch was the head of the administrative district of Parelheiros, water source region in the City of S&#227;o Paulo, and until 2010 he was the deputy Executive Secretary of the operation called &#8220;Defesa das &#193;guas&#8221; (Water Defense), an agreement between S&#227;o Paulo Municipal government and the State government. Author of books on &nbsp;cooperativism and water sources in the City of S&#227;o Paulo.</FONT></P><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif><BR></FONT><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Alberto Goldman</FONT></U></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif> &#8211; Civil engineer, he holds bachelor&#8217;s degree from the Polytechnic School of S&#227;o Paulo University. Mr. Goldman was Vice-Governor of S&#227;o Paulo from January 2007 to March 2010 and Governor of S&#227;o Paulo from April to December 2010. He was State Secretary of Development (currently, Development, Science and Technology State Department) from January 2007 to February 2009. State deputy for two terms and federal deputy for six terms. He was the president of the Budget Mixed Committee (2000) and speaker of the General Telecommunications Law (1997), among others. Mr. Goldman was also a political caucus leader, and listed among the 100 most influential congressmen in the National Congress. Special Secretary of State of the Program Coordination (1987) and of the Administration (1988 to 1990) Coordination. He was Minister of Transportation (1992 to 1994). Mr. Goldman was member of Sabesp&#8217;s Board of Directors from April 2009 to March 2010.</FONT>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Heraldo Gilberto de Oliveira</FONT></U></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif> &#8211;</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Member of our Board of Directors and the Audit Committee since October&nbsp;2009.&nbsp; He holds a bachelor&#8217;s degree in accounting and business administration.&nbsp; He also holds a master&#8217;s degree in controllership and accounting from the Faculty of Administration, Economics and Accounting of S&#227;o Paulo University &#8211; FEA-USP. Mr.&nbsp;de Oliveira is a professor in graduate courses and the MBA in Capital Markets and Investor Relations areas at FIPECAFI &#8211; FEA/USP</FONT><FONT style="FONT-SIZE: 11pt" lang=EN-US color=windowtext face=Verdana,sans-serif>.&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>He worked for ten years as an independent auditor. Mr.&nbsp;Oliveira is a partner at FCO Consultores Associados and works as an accounting and financial expert consultant. Mr.&nbsp;Oliveira was a member of the Board of Directors and Coordinator of the audit committee of Banco Nossa Caixa S/A from 2007 to 2009 and since September&nbsp;2009 has been the coordinator member of the audit committee of Banco Industrial e Comercial S/A &#8211; BICBANCO.&nbsp; He has been officer at the S&#227;o Paulo Institute of Finance Executives &#8211; IBEF/SP since September&nbsp;2009.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Jer&#244;nimo Antunes</FONT></U></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif> - Independent member of our board of directors since April&nbsp;2008 and Coordinator of the Audit Committee.&nbsp; He holds a bachelor&#8217;s degree in Business Administration and Accounting, a Master and PhD degree in controllership and accounting from the S&#227;o Paulo University. He has been a professor at the Accounting and Actuary Department of the Faculty of Administration, Economics and Accounting of S&#227;o Paulo University &#8211; FEA-USP, since 1999; as well as several MBA courses promoted by Fipecafi, FIA and other institutions.&nbsp; Mr. Antunes has been an independent auditor since 1977, being registered as Responsible Technical Partner of Antunes Auditores Associados with the Brazilian Securities and Exchange Commission &#8211; CVM. He was director of IPECAFI (Institute Foundation of Accounting, Actuarial and Finance Researches), IBRACON (Brazilian Institute of Independent Auditors) and ANEFAC (National Association of Finance, Administration and Accounting Executives). </FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO &#8211; SABESP</FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>PUBLICLY HELD COMPANY</FONT></B></FONT></FONT></B></P>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>Corporate Taxpayer ID (CNPJ) 43.776.517/0001-80</FONT></B></FONT></H2>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Reinaldo Guerreiro</FONT></U></B><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif> &#8211;</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Independent member of our board of directors and member of the Audit Committee since January 2007. He holds a PhD in accounting and controllership, a master&#8217;s degree in accounting and controllership and bachelor&#8217;s degree in accounting, all of them from FEA&#8209;USP. He is a professor at the Faculty of Administration, Economics and Accounting of S&#227;o Paulo University &#8211; FEA-USP .He is also a consultant specialized in economics management.&nbsp; He</FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif> </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>has worked in several projects in the areas of economics management, costs, budgeting and information systems in several companies. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Andrea Sandro Calabi </FONT></U></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>&#8211; </FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>State Secretary of the S&#227;o Paulo State Treasury since January 2011.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=#000099 face=Verdana,sans-serif> </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Economist (1970) from the Faculty of Economics and Administration of S&#227;o Paulo University (FEA-USP), master&#8217;s degree in Economics (1972) from the Institute of Economics Research of S&#227;o Paulo University (IPE-USP); Master of Arts (1975) and PhD (1982) in Economics from the University of California, Berkeley (USA). He was S&#227;o Paulo State Secretary of Economics and Planning from January/2003 to February/2005. Within the federal scope, Mr. Calabi was president of BNDES (Brazilian Development Bank), FINAME (Special Agency of Industrial Financing), BNDESPAR (Holding of BNDES) from July 1999 to February 2000 and also of Banco do Brasil, from January to July to 1999. He was Executive Secretary of the Ministry of Planning (provisional Minister during Minister Jos&#233; Serra administration) and president of IPEA &#8211; 1995/1996, Secretary of the National Treasury of the Ministry of Finance&#8211; 1986/88 (Ministers D&#237;lson Funaro, Luiz Carlos Bresser Pereira and Ma&#237;lson da N&#243;brega administrations (part) and General Secretary of the Department of Planning of Presidency (provisional Minister of Seplan under Minister Jo&#227;o Sayad administration) and Chief Executive Officer of IPEA &#8211; Institute of Applied Economics Research of Ministry of Planning &#8211; 1985/86. He was member and chairman of several Boards of Directors and currently he is member of the Board of Directors of CESP, Higher Economics Council of FIESP, Institute of Cancer, Centro Cultural, FFM &#8211; Faculty of Medicine Foundation &#8211; USP and Albert Einstein Hospital. Mr. Calabi is also a board member certified by IBGC &#8211; Brazilian Institute of Corporate Governance.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Jos&#233; Antonio Xavier: </FONT></U></I></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Economist and graduated in Governmental Controllership from the Pontifical Catholic University of S&#227;o Paulo &#8211; PUC-SP. Professional background: Auditor of the State Treasury (1993 &#8211; 1998), Technical Director of division of the State Treasury since 1998.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Humberto Macedo Puccinlli:</FONT></U></I></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif> Economist, with bachelor&#8217;s degree from the Pontifical Catholic University of S&#227;o Paulo &#8211; PUC-SP. He performed activities in the public sector, at the Department of Planning (1985-1995), at the Health State Department as the secretary assistant (1995-1996), at the State Treasury (1996-2002), and at the Planning Department as secretary assistant (2003). Since January 2004 he has been Technical Assistant of the State Treasury. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Deraldo de Souza Mesquita Junior</FONT></U></I></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>:&nbsp;</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif> Economist and post graduation from the State University of Campinas, with credits in the Master&#8217;s program. Mr. Mesquita Junior performed activities in the public sector, working in the Economics and Planning Secretariat of the S&#227;o Paulo State Government, in the Special Advisory Services for Privatizations, in the Government and Strategic Management Secretariat , in the Finance Affairs Secretariat and in the State </FONT></P>

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<FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>System for Data Analysis &nbsp;Foundation- SEADE. He has also worked in the Economy and Planning Secretariat of the S&#227;o Paulo Government &#8211; Public &#8211;Private Partnership since 2004, and is currently an analyst within that unit. </FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>PUBLICLY HELD COMPANY</FONT></B></FONT></FONT></B></P>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>Corporate Taxpayer ID (CNPJ) 43.776.517/0001-80</FONT></B></FONT></H2>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Alternate members</FONT></U></I></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Tom&#225;s Bruginski de Paula</FONT></U></I></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>:&nbsp;</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif> Economist , withmaster&#8217;s degree in Economics from Institute of Economics of State Univeristy of Campinas- UNICAMP. Professional background: Senior technician (in the public sector&#8217;s economic segment), project finance and public politics coordinator &#8211; FUNDAP (1985/2001);&#183;President&#8217;s assistant and infra-structure project coordinator &#8211; IPEA-DF (1995/1998); Executive Secretary&#8217;s assistant &#8211; Ministry of Sciences and Technology (2000/2002); Consultant (in several occasions) for Economic Committee for Latin America (CEPAL), for the United Nations Development Program (PNUD), for the Brazilian Institute of Municipal Administration (IBAM), the Management and Strategic Studies Center (CGEE), for the Institute of Studies for Industrial Development (IEDI), for the Brazilian School of Public and Business Administration of FGV (EBAPE/FGV), for the State System for Data Analysis Foundation (SEADE), and for the Brazilian Electricity Regulatory Agency (ANEEL) in the infra-structure and public politics finance segments; He has been a professor at the Economics Department of the Pontifical Catholic University&nbsp; - PUC since 1986. He is also a member of the fiscal council of the S&#227;o Paulo Company of Electric Power Transmission (CTEEP).</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Jos&#233; Rubens Gozzo Pereira</FONT></U></I></B><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>: </FONT></U></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Economist from Mackenzie University, holds a graduate degree from Get&#250;lio Vargas Foundation and attended extension program courses at the Universities of London and Paris. Mr. Pereira held positions in the public sector in the Water and Electricity Department (DAEE), where he was responsible for the Budget and Financing area; he was an executive officer at Companhia de Engenharia de Tr&#225;fego &#8211; CET, and in the International Cooperation department of Companhia Energ&#233;tica de S&#227;o Paulo &#8211; CESP. He has been responsible for the Funding department of the Finance Secretariat since 1989.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><U><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Joaldir Reynaldo Machado</FONT></U></I></B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>: Economist, &nbsp;from the Faculty of Economics and Administration of S&#227;o Paulo University&#8211; FEA-USP. He performed activities in the public sector at SEADE Foundation, State Department of Environment, Sabesp, Emplasa and Department of Economics and Planning, where he currently has been acting as the chief of staff since 2007.</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><U><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Compensation of the Board of Directors and Fiscal Council</FONT></U></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Verdana,sans-serif>The compensation of the members of the Board of Directors is established according to the terms of CODEC (Council of Defense of State Capital) Report&nbsp;001/2007, the receipt of which is subject to the compliance with the conditions provided for in CODEC Report 116/2004. The members of the Board of Directors may also be entitled to bonus, as provided for in CODEC Report 150/2005. On the same dates the Company pays bonus to its executive officers, the Company shall also pay the members of the Board of Directors. The amounts paid on this account are considered as included in the same global limit of bonus expenses, provided for in CODEC Report 057/2003, i.e., ten percent (10%) of dividends or interest on equity distributed to shareholders. In addition, the bonus individually paid to the board member cannot exceed </FONT></P>

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<FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Verdana,sans-serif>the amount corresponding to six (6) times his monthly compensation, defined at the General Meeting.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO &#8211; SABESP</FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>PUBLICLY HELD COMPANY</FONT></B></FONT></FONT></B></P>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>Corporate Taxpayer ID (CNPJ) 43.776.517/0001-80</FONT></B></FONT></H2>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Verdana,sans-serif>The members of the Fiscal Council shall receive a monthly compensation corresponding to twenty percent (20%) of the monthly compensation of the Company&#8217;s executive officers, the receipt of which shall be subject to the attendance of at least, one monthly meeting. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Verdana,sans-serif>The </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Verdana,sans-serif>pro-rata temporis</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Verdana,sans-serif> annual bonus shall be extended to the members of the Board of Directors and Fiscal Council, provided for in Article 4 of CODEC Resolution 01/91.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO &#8211; SABESP</FONT></B></FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="mso-bidi-font-size: 11.0pt" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=PT-BR face=Verdana,sans-serif></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="mso-bidi-font-weight: normal"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>PUBLICLY HELD COMPANY</FONT></B></FONT></FONT></B></P>

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt"><FONT style="mso-bidi-font-size: 11.0pt; mso-ansi-language: EN-US" face=Verdana,sans-serif><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Verdana,sans-serif>Corporate Taxpayer ID (CNPJ) 43.776.517/0001-80</FONT></B></FONT></H2>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 6pt" align=center><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>EXTRAORDINARY SHAREHOLDERS&#8217; MEETING</FONT></B></P>

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<P style="TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 18pt"><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>B.</FONT></B><B><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 7pt" lang=EN-US color=windowtext face="Times New Roman">&nbsp;&nbsp; </FONT></B><B><U><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Amendment to the Company&#8217;s Bylaws</FONT></U></B></P>

<P style="MARGIN: 0cm 0cm 0pt 18pt"><FONT style="LINE-HEIGHT: 150%; FONT-SIZE: 10pt" lang=EN-US color=windowtext face=Verdana,sans-serif>Below, the articles included or the content of which was modified:</FONT></P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 0.05in"><FONT style="FONT-FAMILY: Arial"><B><FONT lang=EN-US color=windowtext><FONT style="FONT-SIZE: 9pt">ARTICLE 15 </FONT></FONT></B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext>&#8211; The Executive Board shall be composed of six (6) members, all with a two (2)-year unified term of office, reelection is allowed.</FONT></FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 0.05in"><FONT style="FONT-FAMILY: Arial"><B><FONT lang=EN-US color=windowtext><FONT style="FONT-SIZE: 9pt">ARTICLE 15 </FONT></FONT></B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext>&#8211; The Executive Board shall be composed of six (6) members, all with a two (2)-year unified term of office, reelection is allowed.</FONT></FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT></P></TD>

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   <P align=justify><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%">

   <P align=justify><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial">

   <P style="MARGIN: 0cm 0cm 0pt 0.05in" align=justify><B><FONT lang=EN-US color=windowtext><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"></FONT></FONT></B></P>

   <P>&nbsp;</P></FONT></TD></TR>

<TR>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">I</FONT></P></TD>

   <TD vAlign=top width="30%" align=left>

   <P align=justify><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt">representing the Company, as plaintiff or defendant, in or out of court, and may constitute, for such purpose, attorney with special powers, including powers to receive initial summons and notifications, pursuant to article 19 of these bylaws;</FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">I</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P align=justify><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>representing the Company, as plaintiff or defendant, in or out of court, and may constitute, for such purpose, attorney with special powers, including powers to receive initial summons and notifications, pursuant to article 19 of these bylaws;</FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial">

   <P></P><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt">

   <P style="MARGIN: 0cm 0cm 0pt 0.05in">&nbsp;</P></FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext></FONT></FONT>&nbsp;

   <P></P>

   <P></P></FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">II</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>call and preside the executive board&#8217;s meetings;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">II</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>call and preside the executive board&#8217;s meetings;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">III</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>coordinate the executive board&#8217;s activities;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">III</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>coordinate the executive board&#8217;s activities;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%">

   <P align=justify><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%">

   <P align=justify><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">IV</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P align=justify><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>issue acts and resolutions that are related to or resulting from the executive board&#8217;s resolutions;</FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">IV</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P align=justify><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>issue acts and resolutions that are related to or resulting from the executive board&#8217;s resolutions;</FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%">

   <P align=justify><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%">

   <P align=justify><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">V</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P align=justify><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>coordinate the Company&#8217;s ordinary management, including the implementation of policies and the execution of resolutions taken by the shareholders&#8217; general meeting, board of directors and joint executive board;</FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">V</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P align=justify><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>coordinate the Company&#8217;s ordinary management, including the implementation of policies and the execution of resolutions taken by the shareholders&#8217; general meeting, board of directors and joint executive board;</FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">VI</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>coordinate the activities of other executive officers;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">VI</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>coordinate the activities of other executive officers;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; COLOR: #ff0000; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=#ff0000>&nbsp;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">VII</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>coordinate, evaluate and control duties related to:</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; COLOR: #ff0000; FONT-SIZE: 9pt">VII</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=#ff0000>preside over the Regulatory Affairs Committee;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;<B><FONT lang=EN-US color=windowtext><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt">VII &#8211;</FONT></FONT></B><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>The CEO now presides over the regulation board, a statutory body with the mission of outlining Sabesp&#8217;s regulation guidelines and coordinating the works of the regulatory affairs oversight board.</FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">&nbsp;</TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>a)</FONT><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US color=windowtext>CEO office;</FONT></FONT></P><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext>b)</FONT><FONT lang=EN-US color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US color=windowtext>integrated planning, corporate management and structuring;</FONT></P>

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext>c)</FONT><FONT lang=EN-US color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US color=windowtext>communication;&nbsp;</FONT></P>

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext>d)</FONT><FONT lang=EN-US color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US color=windowtext>negotiation of concession contracts;</FONT></P>

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext>e)</FONT><FONT lang=EN-US color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US color=windowtext>auditing; and</FONT></P>

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext>f)</FONT><FONT lang=EN-US color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US color=windowtext>ombudsman.</FONT></P>

   <P></P></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>VIII</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt">

   <P></P>

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 35.4pt"><FONT lang=EN-US color=windowtext>coordinate, evaluate and control duties related to:</FONT></P>

   <P></P>

   <P></P>

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext>a)</FONT><FONT lang=EN-US color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US color=windowtext>CEO office;</FONT></P>

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext>b)</FONT><FONT lang=EN-US color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US color=windowtext>integrated planning, corporate management and structuring;</FONT></P>

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext>c)</FONT><FONT lang=EN-US color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US color=windowtext>communication;&nbsp;</FONT></P>

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext>d)</FONT><FONT lang=EN-US color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US color=windowtext>negotiation of concession contracts;</FONT></P>

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext>e)</FONT><FONT lang=EN-US color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US color=windowtext>&nbsp;auditing; and</FONT></P>

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext>f)</FONT><FONT lang=EN-US color=windowtext>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US color=windowtext>ombudsman.</FONT></P>

   <P></P></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;<B><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>VIII &#8211;</FONT></B><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial"><FONT lang=EN-US color=windowtext> renumerated.</FONT>

   <P style="MARGIN: 0cm 0cm 0pt 0.05in"><B><FONT lang=EN-US color=windowtext>e) </FONT></B><FONT lang=EN-US color=windowtext>Regulatory issues concerned with CEO&#8217;s withdrawal.</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 0.05in" align=justify><FONT lang=EN-US color=windowtext>The regulatory affairs oversight board now functionally reports to the Regulatory Affairs Committee.</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 0.05in"><B><FONT lang=EN-US color=windowtext>f) &#8211; </FONT></B><FONT lang=EN-US color=windowtext>renumerated.&nbsp;</FONT></P></FONT></FONT>

   <P style="MARGIN: 0cm 0cm 0pt 0.05in"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext>g) &#8211; </FONT></B><FONT lang=EN-US color=windowtext>renumerated.</FONT></FONT></P></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">&nbsp; </TD>

   <TD width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%"><FONT lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD width="30%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 35.4pt"><FONT lang=EN-US color=windowtext></FONT></P>

   <P>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="35%" colSpan=2><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext></FONT></B></FONT></FONT></P>

   <P>&nbsp;</P></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="35%" colSpan=2><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial"><FONT lang=EN-US color=windowtext>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext></FONT></B></FONT></FONT></P>

   <P></P>

   <P>&nbsp;</P></FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><B><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext></FONT></FONT></FONT></B></P>

   <P>&nbsp;</P></FONT></FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="35%" colSpan=2><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P style="MARGIN-LEFT: 0.05in"></P></FONT></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext>Paragraph 2 </FONT></B><FONT lang=EN-US color=windowtext>&#8211; The Corporate Management Officer is responsible for:</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="35%" colSpan=2><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial"><FONT lang=EN-US color=windowtext></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"></P>

   <P style="MARGIN-LEFT: 0.05in"></P></FONT></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext>Paragraph 2 </FONT></B><FONT lang=EN-US color=windowtext>&#8211; The Corporate Management Officer is responsible for:</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P style="MARGIN-LEFT: 0.05in"></P></FONT></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><B><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>Paragraph 2:</FONT></FONT></FONT></B></P></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">&nbsp;</TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%"><FONT lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 35.4pt"><FONT lang=EN-US color=windowtext></FONT></P>

   <P>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; COLOR: #ff0000; FONT-SIZE: 9pt" lang=EN-US></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%"><FONT lang=EN-US color=windowtext>

   <P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=#ff0000></FONT></P></FONT>

   <P>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 0.05in"><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext></FONT></FONT></FONT></P>

   <P>&nbsp;</P></FONT></FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">I</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>marketing;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; COLOR: #ff0000; FONT-SIZE: 9pt" lang=EN-US>I</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 35.4pt"><FONT lang=EN-US color=windowtext></FONT></P>

   <P></P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=#ff0000>commercial processes and relationship with clients;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top rowSpan=4 width="30%"><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P></P></FONT></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 0.05in"><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>I &#8211; Marketing is focused on commercial processes and relationship with clients.</FONT></FONT></FONT></P></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">II</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>human resources, quality and social responsibility;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>II</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT><FONT>

   <P></P></FONT></FONT>

   <P></P>

   <P></P>

   <P></P><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>human resources, quality and social responsibility;</FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">III</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>information technology;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>III</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT>

   <P></P></FONT>

   <P></P>

   <P></P>

   <P></P><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>information technology;</FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">IV</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>property;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>IV</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT>

   <P></P></FONT>

   <P></P>

   <P></P>

   <P></P><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>property;</FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">V</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>legal affairs; and</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>V</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT>

   <P></P></FONT>

   <P></P>

   <P></P>

   <P></P><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>legal affairs; and</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt">VI</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>supplies and contracts.</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>VI</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT>

   <P></P></FONT>

   <P></P>

   <P></P>

   <P></P><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>supplies and contracts.</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">&nbsp;</TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%"><FONT lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 35.4pt"><FONT lang=EN-US color=windowtext></FONT></P>

   <P>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="35%" colSpan=2><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext></FONT></B></FONT></FONT></P>

   <P>&nbsp;</P></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="35%" colSpan=2><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT><FONT lang=EN-US color=windowtext>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext></FONT></B></FONT></FONT></P>

   <P></P>

   <P>&nbsp;</P></FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><B><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext></FONT></FONT></FONT></B></P>

   <P>&nbsp;</P></FONT></FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="35%" colSpan=2><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P style="MARGIN-LEFT: 0.05in"></P></FONT></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext>Paragraph 3 &#8211;</FONT></B><FONT lang=EN-US color=windowtext>The Chief Financial Officer and Investor Relations Officer shall be responsible for:</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="35%" colSpan=2><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT><FONT lang=EN-US color=windowtext></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"></P>

   <P style="MARGIN-LEFT: 0.05in"></P></FONT></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext>Paragraph 3 &#8211;</FONT></B><FONT lang=EN-US color=windowtext>The Chief Financial Officer and Investor Relations Officer shall be responsible for:</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P style="MARGIN-LEFT: 0.05in"></P></FONT></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><B><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>Paragraph 3:</FONT></FONT></FONT></B></P></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">&nbsp;</TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%"><FONT lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD vAlign=top width="30%"><FONT lang=EN-US color=windowtext>

   <P></P></FONT>

   <P></P>

   <P>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;&nbsp; </TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0.05in"><FONT lang=EN-US color=windowtext><FONT style="LINE-HEIGHT: 110%; FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P><FONT style="LINE-HEIGHT: 110%" lang=EN-US color=windowtext></FONT></P>

   <P></P>

   <P></P></FONT></FONT></FONT>

   <P>&nbsp;</P></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial">

   <P style="MARGIN: 0cm 0cm 0pt" align=justify><B><FONT lang=EN-US color=windowtext><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"></FONT></FONT></B></P>

   <P>&nbsp;</P></FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-SIZE: 9pt">I</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0.05in"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="LINE-HEIGHT: 110%; FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>planning, raising and allocating financial resources;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>I</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P></P></FONT></FONT><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P></FONT>

   <P></P>

   <P></P><FONT style="LINE-HEIGHT: 110%" lang=EN-US color=windowtext>planning, raising and allocating financial resources;</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial">

   <P></P><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt">

   <P></P>

   <P></P></FONT>

   <P>&nbsp;</P></FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-SIZE: 9pt">II</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0.05in"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="LINE-HEIGHT: 110%; FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>control department;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>II</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P></P></FONT></FONT><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P>

   <P></P>

   <P></P></FONT>

   <P></P>

   <P></P><FONT style="LINE-HEIGHT: 110%" lang=EN-US color=windowtext>control department;</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-SIZE: 9pt">III</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0.05in"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="LINE-HEIGHT: 110%; FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>accounting;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>III</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P></P></FONT></FONT><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P>

   <P></P>

   <P></P></FONT>

   <P></P>

   <P></P><FONT style="LINE-HEIGHT: 110%" lang=EN-US color=windowtext>accounting;</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-SIZE: 9pt">IV</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0.05in"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="LINE-HEIGHT: 110%; FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>investor relations;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>IV</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P></P></FONT></FONT><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P>

   <P></P>

   <P></P></FONT>

   <P></P>

   <P></P><FONT style="LINE-HEIGHT: 110%" lang=EN-US color=windowtext>investor relations;</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-SIZE: 9pt">V</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0.05in"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="LINE-HEIGHT: 110%; FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>operations in the capital markets and other financial operations;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>V</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P></P></FONT></FONT><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P>

   <P></P>

   <P></P></FONT>

   <P></P>

   <P></P><FONT style="LINE-HEIGHT: 110%" lang=EN-US color=windowtext>operations in the capital markets and other financial operations;</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-SIZE: 9pt">VI</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0.05in"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="LINE-HEIGHT: 110%; FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>indebtedness control;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>VI</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P></P></FONT></FONT><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P></FONT>

   <P></P>

   <P></P><FONT style="LINE-HEIGHT: 110%" lang=EN-US color=windowtext>indebtedness control;</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-SIZE: 9pt">VII</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0.05in"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="LINE-HEIGHT: 110%; FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>corporate governance.</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: Times New Roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>VII</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P></P></FONT></FONT><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P></FONT>

   <P></P>

   <P></P><FONT style="LINE-HEIGHT: 110%" lang=EN-US color=windowtext>corporate governance.</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">&nbsp;</TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; COLOR: #ff0000; FONT-SIZE: 9pt" lang=EN-US color=windowtext>VIII</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P></P></FONT></FONT><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P></FONT>

   <P></P>

   <P></P><FONT lang=EN-US color=#ff0000>costs and tariffs;</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;<B><FONT lang=EN-US color=windowtext><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt">VIII &#8211;</FONT></FONT></B><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext> Costs and tariffs included in the executive board&#8217;s attributions. The measure aims at reinforcing costs control and determination in the company, as well as supporting the Regulatory Affairs Department in the upcoming tariff review and in the tariffs continued process of discussion with regulatory agencies.</FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">&nbsp;</TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; COLOR: #ff0000; FONT-SIZE: 9pt" lang=EN-US color=windowtext>IX</FONT></P></TD>

   <TD vAlign=top width="30%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 35.4pt"><FONT lang=EN-US color=windowtext></FONT></P>

   <P></P><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt" lang=EN-US color=#ff0000>participating in the Regulatory Affairs Committee and implementing the Committee&#8217;s guidelines in the executive board, supported by the Regulatory Affairs Department.</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext><FONT size=3 face="Times New Roman">&nbsp;</FONT><STRONG>IX &#8211; </STRONG></FONT><FONT lang=EN-US color=windowtext>The attributions of participating in the Regulatory Affairs Committee and of implementing the Committee&#8217;s decision within the scope of the executive board were included.</FONT></FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">&nbsp;</TD>

   <TD width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%"><FONT lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD width="30%"><FONT lang=EN-US color=windowtext>

   <P></P></FONT>

   <P></P>

   <P>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp; </TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" width="35%" colSpan=2><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext></FONT></B></FONT></FONT></P>

   <P>&nbsp;</P></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" width="35%" colSpan=2><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT><FONT lang=EN-US color=windowtext>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext></FONT></B></FONT></FONT></P>

   <P></P>

   <P></P>

   <P>&nbsp;</P></FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp; </TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" width="35%" colSpan=2><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P style="MARGIN-LEFT: 0.05in"></P></FONT></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext>Paragraph 4 &#8211;</FONT></B><FONT lang=EN-US color=windowtext>The Technology, Enterprises and Environment Officer shall be responsible for:</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" width="35%" colSpan=2><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT><FONT lang=EN-US color=windowtext></FONT>

   <P style="MARGIN-LEFT: 0.05in"></P>

   <P style="MARGIN-LEFT: 0.05in"></P>

   <P style="MARGIN-LEFT: 0.05in"></P></FONT></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext>Paragraph 4 &#8211;</FONT></B><FONT lang=EN-US color=windowtext>The Technology, Enterprises and Environment Officer shall be responsible for:</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">&nbsp;</TD>

   <TD width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%"><FONT lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD width="30%"><FONT lang=EN-US color=windowtext>

   <P></P></FONT>

   <P></P>

   <P>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp; </TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD width="30%"><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial"><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P><FONT lang=EN-US color=windowtext></FONT></P>

   <P></P>

   <P></P></FONT></FONT></FONT>

   <P>&nbsp;</P></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">I</FONT></P></TD>

   <TD width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>environment;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>I</FONT></P></TD>

   <TD width="30%"><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P></P></FONT></FONT><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P></FONT>

   <P></P>

   <P></P><FONT lang=EN-US color=windowtext>environment;&nbsp;</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">II</FONT></P></TD>

   <TD width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>operational and technological development;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>II</FONT></P></TD>

   <TD width="30%"><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P></P></FONT></FONT><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P>

   <P></P>

   <P></P></FONT>

   <P></P>

   <P></P><FONT lang=EN-US color=windowtext>operational and technological development;</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">III</FONT></P></TD>

   <TD width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>quality control of water and sewage products;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>III</FONT></P></TD>

   <TD width="30%"><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P></P></FONT></FONT><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P>

   <P></P>

   <P></P></FONT>

   <P></P>

   <P></P><FONT lang=EN-US color=windowtext>quality control of water and sewage products;</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">IV</FONT></P></TD>

   <TD width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>special investment program; and</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>IV</FONT></P></TD>

   <TD width="30%"><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P></P></FONT></FONT><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P>

   <P></P>

   <P></P></FONT>

   <P></P>

   <P></P><FONT lang=EN-US color=windowtext>special investment program; and</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">V</FONT></P></TD>

   <TD width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>special projects.</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>V</FONT></P></TD>

   <TD width="30%"><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P></P></FONT></FONT><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P>

   <P></P>

   <P></P></FONT>

   <P></P>

   <P></P><FONT lang=EN-US color=windowtext>special projects.</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">&nbsp;</TD>

   <TD width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%"><FONT lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD width="30%"><FONT lang=EN-US color=windowtext>

   <P></P>

   <P></P>

   <P></P></FONT>

   <P></P>

   <P>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="35%" colSpan=2><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext></FONT></B></FONT></FONT></P>

   <P>&nbsp;</P></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="35%" colSpan=2><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT><FONT lang=EN-US color=windowtext>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext></FONT></B></FONT></FONT></P>

   <P></P>

   <P></P>

   <P>&nbsp;</P></FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><B><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext></FONT></FONT></FONT></B></P>

   <P>&nbsp;</P></FONT></FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="35%" colSpan=2><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P style="MARGIN-LEFT: 0.05in"></P></FONT></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext>Paragraph 5 &#8211;</FONT></B><FONT lang=EN-US color=windowtext>The Metropolitan Officer, in the metropolitan area of S&#227;o Paulo, and the Regional Systems Officer, in the other areas of company operation in the State of S&#227;o Paulo shall be responsible for:</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="35%" colSpan=2><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT><FONT lang=EN-US color=windowtext></FONT>

   <P style="MARGIN-LEFT: 0.05in"></P>

   <P style="MARGIN-LEFT: 0.05in"></P>

   <P style="MARGIN-LEFT: 0.05in"></P></FONT></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext>Paragraph 5 &#8211;</FONT></B><FONT lang=EN-US color=windowtext>The Metropolitan Officer, in the metropolitan area of S&#227;o Paulo, and the Regional Systems Officer, in the other areas of company operation in the State of S&#227;o Paulo shall be responsible for:</FONT></FONT></FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT>

   <P style="MARGIN-LEFT: 0.05in"></P></FONT></FONT>

   <P style="TEXT-ALIGN: justify; MARGIN-LEFT: 0.05in"><B><FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>Paragraph 5:</FONT></FONT></FONT></B></P></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%">&nbsp;</TD>

   <TD width="30%">

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt"><FONT lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" width="5%"><FONT lang=EN-US color=windowtext>&nbsp;</FONT></TD>

   <TD width="30%"><FONT lang=EN-US color=windowtext>

   <P></P>

   <P></P>

   <P></P></FONT>

   <P></P>

   <P>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt"></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%" align=left><FONT lang=EN-US color=windowtext>

   <P align=justify><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT></P></FONT>

   <P>&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext></FONT>&nbsp;</P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial"><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P align=justify><FONT lang=EN-US color=windowtext></FONT></P>

   <P></P>

   <P></P>

   <P></P>

   <P></P>

   <P></P></FONT></FONT></FONT>

   <P>&nbsp;</P></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt">

   <P style="MARGIN: 0cm 0cm 0pt" align=justify><B><FONT lang=EN-US color=windowtext></FONT></B></P>

   <P>&nbsp;</P></FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">I</FONT></P></TD>

   <TD vAlign=top width="30%" align=left>

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt" align=left><FONT lang=EN-US color=windowtext></FONT></P>

   <P align=justify><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>operation, maintenance and execution of works and services in the system of water supply, sewage collection and treatment, including in wholesale;</FONT></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>I</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P></P></FONT></FONT><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P>

   <P></P>

   <P></P></FONT>

   <P></P>

   <P></P><FONT lang=EN-US color=windowtext>operation, maintenance and execution of works and services in the system of water supply, sewage collection and treatment, including in wholesale;</FONT></FONT></FONT>

   <P></P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt">

   <P></P>

   <P style="MARGIN: 0cm 0cm 0pt" align=justify>&nbsp;</P>

   <P></P>

   <P></P>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US color=windowtext></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US color=windowtext></FONT>&nbsp;</P>

   <P></P>

   <P></P>

   <P></P></FONT></TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">II</FONT></P></TD>

   <TD vAlign=top width="30%" align=left>

   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt" align=left><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>commercial relations and customer service;</FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>II</FONT></P></TD>

   <TD vAlign=top width="30%"><FONT style="FONT-SIZE: 9pt"><FONT style="FONT-FAMILY: arial">

   <P></P></FONT></FONT><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

   <P></P>

   <P></P>

   <P></P></FONT>

   <P></P>

   <P></P><FONT lang=EN-US color=windowtext>commercial relations and customer service;</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%">&nbsp;</TD></TR>

<TR height=20>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=top width="5%">

   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">III</FONT></P></TD>

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   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt" align=left><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>control of the economic-financial and operational performance of its business units;</FONT></TD>

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   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>III</FONT></P></TD>

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   <P></P><FONT lang=EN-US color=windowtext>control of the economic-financial and operational performance of its business units;</FONT></FONT></FONT>

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   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">IV</FONT></P></TD>

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   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt" align=left><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>advisement to autonomous municipalities of water supply and sanitary sewage systems;</FONT></TD>

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   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; COLOR: #ff0000; FONT-SIZE: 9pt" lang=EN-US>IV</FONT></P></TD>

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   <P></P><FONT lang=EN-US color=#ff0000>participating in the Regulatory Affairs Committee and implementing in the respective executive boards the regulatory guidelines as defined by the Committee, supported by the Regulatory Affairs Department.</FONT></FONT></FONT>

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   <P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext>&nbsp;IV &#8211; </FONT></B><FONT lang=EN-US color=windowtext>The attributions of participating in the Regulatory Affairs Committee and implementing the Committee&#8217;s decision within the scope of respective executive boards were included.</FONT></FONT></P></TD></TR>

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   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">V</FONT></P></TD>

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   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt" align=left><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>negotiation of concessions with holders of services; and</FONT></TD>

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   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>V</FONT></P></TD>

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   <P></P></FONT></FONT><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

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   <P></P><FONT lang=EN-US color=windowtext>advisement to autonomous municipalities of water supply and sanitary sewage systems;</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt"><B><FONT lang=EN-US color=windowtext>&nbsp;V &#8211; </FONT></B><FONT lang=EN-US color=windowtext>renumerated.</FONT></FONT></TD></TR>

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   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt">VI</FONT></P></TD>

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   <P style="TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt 0pt" align=left><FONT lang=EN-US color=windowtext></FONT></P><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt" lang=EN-US color=windowtext>negotiation with the community and city halls, aiming at aligning the interests of its clients and of the company.</FONT></TD>

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   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>VI</FONT></P></TD>

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   <P></P><FONT lang=EN-US color=windowtext>negotiation of concessions with holders of services;</FONT></FONT></FONT></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=top width="30%"><FONT style="FONT-FAMILY: arial; FONT-SIZE: 9pt"><STRONG>&nbsp;VI &#8211; </STRONG><FONT lang=EN-US color=windowtext>renumerated.</FONT></FONT></TD></TR>

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   <P style="MARGIN-LEFT: 0.05in"><FONT style="FONT-FAMILY: times new roman; FONT-SIZE: 9pt" lang=EN-US color=windowtext>VII</FONT></P></TD>

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   <P></P></FONT></FONT><FONT style="FONT-FAMILY: arial"><FONT style="FONT-SIZE: 9pt"><FONT lang=EN-US color=windowtext>

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   <P></P>

   <P></P></FONT>

   <P></P>

   <P></P><FONT lang=EN-US color=windowtext>and negotiation with the community and city halls, aiming at aligning the interests of its clients and of the company.</FONT></FONT></FONT>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US><FONT style="FONT-FAMILY: Arial"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US><FONT style="COLOR: #ff0000">CHAPTER XIII</FONT></FONT></B><FONT style="COLOR: #ff0000"><BR>REGULATORY AFFAIRS COMMITTEE</FONT></FONT></FONT></B></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-FAMILY: Arial"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext>New chapter describing the operation of the Regulatory Affairs Committee</FONT></FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 9pt" lang=EN-US color=#ff0000>ARTICLE 38</FONT></B><FONT style="FONT-SIZE: 9pt"><FONT style="LAYOUT-GRID-MODE: line" lang=EN-US color=#ff0000> &#8211; The Regulatory Affairs Committee is a joint committee composed of the chief executive officer and (1) chief financial and investor relations officer </FONT><FONT lang=EN-US color=#ff0000>(2) metropolitan officer and (3) regional system officer, in charge of defining the guidelines, strategies and regulation recommendations for the Company and coordinating the works of the Regulatory Affairs Department</FONT><FONT style="LAYOUT-GRID-MODE: line" lang=EN-US color=#ff0000>, except for the Board of Directors&#8217; authority.</FONT></FONT></P><FONT style="FONT-SIZE: 9pt">

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US color=#ff0000>Paragraph 1</FONT></B><FONT lang=EN-US color=#ff0000> &#8211; The CEO shall preside over the Committee and propose its charter to be approved by the joint committee.</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US color=#ff0000>Paragraph 2</FONT></B><FONT lang=EN-US color=#ff0000> &#8211; The Head of Regulation shall be the executive secretary of the Committee who shall attend the Committee&#8217;s meetings.</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="LAYOUT-GRID-MODE: line" lang=EN-US color=#ff0000>Paragraph 3 </FONT></B><FONT style="LAYOUT-GRID-MODE: line" lang=EN-US color=#ff0000>&#8211; This body&#8217;s resolutions shall have a binding effect, and it shall be incumbent upon the executive boards to implement them within the scope of their authority.</FONT></P></FONT></FONT>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT style="LAYOUT-GRID-MODE: line" lang=EN-US color=#ff0000>Paragraph 4: </FONT></B><FONT style="LAYOUT-GRID-MODE: line" lang=EN-US color=#ff0000>the executive board not composing the joint committee shall be previously consulted about the issues involving activities under its responsibility.</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LAYOUT-GRID-MODE: line; FONT-SIZE: 9pt" lang=EN-US color=windowtext>Article 38 is included, which defines the structure and the attributions of the Regulatory Affairs Committee. This is a statutory body that will be created with the purpose of strengthening Sabesp&#8217;s conformity with the regulated environment and speeding up the transition process.</FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="LAYOUT-GRID-MODE: line" lang=EN-US color=windowtext>This body will have its own charter and shall be composed of the CEO, chief financial officer, metropolitan officer and regional systems officer.</FONT></P></FONT>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=#ff0000>ARTICLE </FONT></B><FONT style="FONT-SIZE: 9pt"></FONT><FONT style="FONT-FAMILY: Arial; FONT-SIZE: 9pt"><B><FONT style="LAYOUT-GRID-MODE: line" lang=EN-US color=#ff0000>39&nbsp;</FONT></B><FONT style="LAYOUT-GRID-MODE: line" lang=EN-US color=#ff0000> &#8211; The Regulatory Affairs Committee shall hold ordinary meetings, at least, monthly and extraordinarily, when summoned by any of its members</FONT><FONT lang=EN-US color=#ff0000>.&nbsp;</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-FAMILY: Arial"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext>The Regulatory Affairs Committee shall hold meetings, at least, monthly and discuss about the company&#8217;s regulation strategic issues.</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-FAMILY: Arial"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=#ff0000>ARTICLE 49 &#8211; </FONT></B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=#ff0000>In view of the provisions in Article 101 of the S&#227;o Paulo State Constitution, regulated by State Decree 56,677 of January 19, 2011, the engagement of attorney liable for heading the Company's legal services shall be subject to the approval of the person appointed by the State Attorney General, observing objective qualification, expertise and professional experience criteria.</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext>Article included in compliance with the Official Letter 01/GS &#8211; CODEC, of March 14, 2011, pursuant to State Decree 56,677 of January 19, 2011.</FONT></P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-FAMILY: Arial"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=#ff0000>ARTICLE 50 &#8211; </FONT></B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=#ff0000>The Company shall allow the direct dialogue of its attorneys with the State Attorney General or another State Attorney appointed thereby, aiming at ensuring a continued and coordinated performance, observing the limits set forth in Article 101 of the State Constitution, in compliance with the duties and prerogatives inherent to his professional activity.</FONT></FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-FAMILY: Arial"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=windowtext>Article included in compliance with Official Letter 01/GS &#8211; CODEC of March 14, 2011, pursuant to State Decree 56,677 of January 19, 2011.</FONT></FONT></P></TD></TR>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B><U>SIGNATURE&nbsp;</U></B></FONT><FONT size=1>&nbsp;</FONT></DIV></U></B></FONT>

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<DIV align=justify><FONT color=#000000 size=3 face="Times New Roman">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. <BR></FONT></DIV>

<DIV align=justify><FONT color=#000000 size=3 face="Times New Roman">Date:&nbsp;April 14, 2011</FONT></DIV>

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   <DIV align=left><FONT color=#000000 size=3 face="Times New Roman"><B>Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP </B></FONT></DIV></TD></TR>

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   <TD vAlign=top align=left><FONT color=#000000 size=2 face="Times New Roman">By:</FONT></TD>

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   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman">Name: Rui de Britto &#193;lvares Affonso </FONT></DIV>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman">Title: Chief Financial Officer and Investor Relations Officer </FONT></DIV></TD>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>FORWARD-LOOKING STATEMENTS </B></FONT></DIV>

<P align=justify><FONT size=2 face="'Times New Roman, Times, Serif'">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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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
