<SEC-DOCUMENT>0001292814-11-003219.txt : 20111220
<SEC-HEADER>0001292814-11-003219.hdr.sgml : 20111220
<ACCEPTANCE-DATETIME>20111220081158
ACCESSION NUMBER:		0001292814-11-003219
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20111231
FILED AS OF DATE:		20111220
DATE AS OF CHANGE:		20111220

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:		111270735

	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>sbs20111018_6k.htm
<DESCRIPTION>EXCERPT FROM THE MINUTES OF THE 746TH BOARD OF DIR
<TEXT>

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   <TITLE>sbs20111018_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>

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

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

<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>

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

<DIV align=center>

<DIV><FONT color=#000000 size=2 face="Times New Roman"><B>For&nbsp;December 18, 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><FONT size=1></FONT>&nbsp;</DIV>

<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>

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

<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>

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

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<BR>

<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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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<H5 style="PAGE-BREAK-BEFORE: always" align=left></H5><A name="page_1"></A><BR>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">&nbsp;
<IMG border=0 src="logo_1.gif"><BR>

<P style="TEXT-ALIGN: right">Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo<BR>Board of Directors</P>

<P style="TEXT-ALIGN: center"><STRONG>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO - SABESP</STRONG></P>

<P style="TEXT-ALIGN: center"><STRONG>Corporate Taxpayer&#8217;s ID (CNPJ): 43.776.517/0001-80<BR>Company Registry (NIRE): 35.3000.1683-1</STRONG></P>

<P style="TEXT-ALIGN: center"><STRONG>EXCERPT FROM THE MINUTES OF THE 746<SUP>th </SUP>BOARD OF DIRECTORS&#8217; </STRONG><STRONG>MEETING.</STRONG></P>

<P style="TEXT-ALIGN: justify">On September 15, 2011, at 9:00 a.m., the Board meeting called by the Chairman of the Board of Directors, Edson de Oliveira Giriboni, in accordance with the head provisions of Article 13 of the Company&#8217;s Bylaws, was held in the company&#8217;s headquarters&#8217; conference room, at Rua Costa Carvalho n&#186; 300, in the city of S&#227;o Paulo, attended by the undersigned members of the Board of Directors of Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP. The meeting was installed and Edson Giriboni greeted everyone and justified the absence of Board Members Alberto Goldman and Andrea Sandro Calabi. The Chairman then announced the reception of a letter from Marcelo Salles Holanda de Freita, Technology, Enterprises and Environment Officer, resigning due to personal reasons, dated September 1, 2011. The resignee offered to remain in the position until the appointment of his replacement. The Board members acknowledged the resignation and requested that their gratitude for Marcelo Salles&#8217; dedication and skills be registered in the minutes. (...)</P>

<P style="TEXT-ALIGN: justify">After approved, these minutes were signed by the attending members of the Board of Directors. Edson de Oliveira Giriboni, Alexander Bialer, Dilma Seli Pena, Jer&#244;nimo Antunes, Heraldo Gilberto de Oliveira, Reinaldo Guerreiro, Sidney Estanislau Beraldo and Walter Tesch.</P>

<P style="TEXT-ALIGN: justify">This is a free translation of the excerpt of the original Minutes drawn up in the Book</P>

<P style="TEXT-ALIGN: left">of Minutes of Board of Directors&#8217; Meetings.</P>

<P style="TEXT-ALIGN: left">S&#227;o Paulo, September 16, 2011</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; FONT-FAMILY: 'Arial'; FONT-SIZE: 10pt" border=0 cellSpacing=0>



<TR>

   <TD width="43%"></TD>

   <TD width="2%"></TD>

   <TD width="54%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left>Edson Giriboni&nbsp;</TD>

   <TD>&nbsp;</TD>

   <TD align=left>Sandra Maria Giannella&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>Chairman of the&nbsp;</TD>

   <TD>&nbsp;</TD>

   <TD align=left>Executive Secretary of the&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>Board of Directors&nbsp;</TD>

   <TD>&nbsp;</TD>

   <TD align=left>Board of Directors&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><B>1</B></P></DIV>

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<H5 style="PAGE-BREAK-BEFORE: always" align=left></H5><A name="page_2"></A><BR>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">&nbsp;
<IMG border=0 src="logo_1.gif"><BR>

<P style="TEXT-ALIGN: right">Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo <BR>Board of Directors</P>

<P style="TEXT-ALIGN: center"><STRONG>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO - SABESP</STRONG></P>

<P style="TEXT-ALIGN: center"><STRONG>Corporate Taxpayer&#8217;s ID (CNPJ): 43.776.517/0001-80<BR>Company Registry (NIRE): 35.3000.1683-1</STRONG></P>

<P style="TEXT-ALIGN: center"><STRONG>EXCERPT FROM THE MINUTES OF THE 746<SUP>th </SUP>BOARD OF DIRECTORS&#8217; </STRONG><STRONG>MEETING.</STRONG></P>

<P style="TEXT-ALIGN: justify">On September 15, 2011, at 9:00 a.m., the Board meeting called by the Chairman of the Board of Directors, Edson de Oliveira Giriboni, in accordance with the head provisions of Article 13 of the Company&#8217;s Bylaws, was held in the company&#8217;s headquarters&#8217; conference room, at Rua Costa Carvalho n&#186; 300, in the city of S&#227;o Paulo, attended by the undersigned members of the Board of Directors of Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP. The meeting was installed and Edson Giriboni greeted everyone and justified the absence of Board Members Alberto Goldman and Andrea Sandro Calabi. (...) Mr. Edson Giriboni then proposed to discuss and resolve on an <STRONG>extra-agenda item &#8211;</STRONG> the appointment Jo&#227;o Baptista Comparini as Technology, Enterprises and Environment Officer. He then offered the floor to the Company&#8217;s CEO, who briefly presented details of the appointee&#8217;s professional career, in particular regarding his extensive experience in the sanitation sector and the good results SABESP achieved due to his work has head of the Pardo e Grande business unit. (...) The Board members present then voted and unanimously approved, pursuant to item II of Article 142 of Law 6,404/76, the election of <STRONG>JO&#195;O BAPTISTA COMPARINI</STRONG>, Brazilian, married, civil engineer, bearer of the identification registry (RG) 7.693.559 SSP/SP, inscribed in the roll of individual taxpayers (CPF) under number 001.793.608-09, domiciled at Rua Costa Carvalho, 300, Pinheiros, in the city and State of S&#227;o Paulo, as the Company&#8217;s Technology, Enterprises and Environment Officer, for the remaining of the two-year term-of-office ending June 2, 2013, replacing Marcelo Salles Holanda de Freitas, in compliance with the provisions in the Bylaws. The duties and the compensation previously established are maintained. (...)</P>

<P style="TEXT-ALIGN: justify">After approved, these minutes were signed by the attending members of the Board of Directors. Edson de Oliveira Giriboni, Alexander Bialer, Dilma Seli Pena, Jer&#244;nimo Antunes, Heraldo Gilberto de Oliveira, Reinaldo Guerreiro, Sidney Estanislau Beraldo and Walter Tesch.</P>

<P style="TEXT-ALIGN: left"><B><B>1</B></B></P></DIV>

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<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">&nbsp;
<IMG border=0 src="logo_1.gif"><BR>

<P style="TEXT-ALIGN: right">Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo<BR>Board of Directors</P>

<P style="TEXT-ALIGN: left">This is a free translation of the excerpt of the original Minutes drawn up in the Book of Minutes of Board of Directors&#8217; Meetings.</P>

<P style="TEXT-ALIGN: left">S&#227;o Paulo, September 16, 2011</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; FONT-FAMILY: 'Arial'; FONT-SIZE: 10pt" border=0 cellSpacing=0>



<TR>

   <TD width="43%"></TD>

   <TD width="2%"></TD>

   <TD width="54%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left>Edson Giriboni&nbsp;</TD>

   <TD>&nbsp;</TD>

   <TD align=left>Sandra Maria Giannella&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>Chairman of the&nbsp;</TD>

   <TD>&nbsp;</TD>

   <TD align=left>Executive Secretary of the&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left>Board of Directors&nbsp;</TD>

   <TD>&nbsp;</TD>

   <TD align=left>Board of Directors&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P>

<P style="TEXT-ALIGN: left"><B>2</B></P></DIV>

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<H5 style="PAGE-BREAK-BEFORE: always" align=left></H5><A name="page_4"></A><BR>

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<P align=center>
<IMG border=0 src="logo.gif">&nbsp;</P>

<P style="TEXT-ALIGN: center">COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO - SABESP<BR>Corporate Taxpayer ID (CNPJ): 43.776.517/0001-80<BR>&nbsp;Company Registry (NIRE): 35.3000.1683-1</P>

<P style="TEXT-ALIGN: left">EXCERPT FROM THE MINUTES OF THE 746<SUP>th </SUP>BOARD OF DIRECTORS MEETING.</P>

<P style="TEXT-ALIGN: justify">On September 15, 2011, at 9:00 a.m., the Chairman of the Board of Directors, Mr. Edson de Oliveira Giriboni, pursuant to the <I>caput </I>of Article 13 of the Company&#8217;s Bylaws called for an ordinary meeting, which was held in the conference room of the Company&#8217;s headquarters located at Rua Costa Carvalho n&#186; 300, in the City of S&#227;o Paulo, attended by the appointed and undersigned members of the Board of Directors of Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP. After the meeting was called to order, Mr. Edson Giriboni greeted everyone and justified the absence of the Board members, Messrs. Alberto Goldman and Andrea Sandro Calabi. (...) The Chairman then started discussing <B>item 2 </B>- <B>&#8220;Funding strategy for investments and debt management&#8221; </B>and the sub-items &#8220;<B>2.1. Authorization for early full redemption of the 9</B><B><SUP>th </SUP></B><B>issue of debentures occurred in 2008</B>&#8221;; &#8220;<B>2.2 &#8211;Authorization to take the measures necessary in order to raise funds in the capital markets so as to meet the Company&#8217;s financial needs for 2012, as defined in the Company Budget</B>&#8221;; &#8220;<B>2.3 &#8211;Authorization for taking out loan with Caixa Econ&#244;mica Federal (CEF or Federal Savings Bank), Selection Process of the Ministry of Cities (Normative Instructions 24 and 33/2010) &#8211; (Growth Acceleration Program - PAC 2), Phase III, destined to finance 36 projects</B>&#8221;; &#8220;<B>2.4 &#8211; Authorization for taking out loan with the Brazilian Development Bank (BNDES), Selection Process of the Ministry of Cities (Normative Instruction 24/2010) - PAC 2, Phase III, destined to sewage works and services in the municipalities of S&#227;o Paulo Metropolitan Region and the executive project of the S&#227;o Louren&#231;o Production System</B>&#8221; <I>(time:75&#8217;)</I>, and the Chief Financial and Investor Relations Officer, Mr. Rui de Britto &#193;lvares Affonso and the Superintendent of Funding and Investor Relations, Mr. Mario Azevedo de Arruda Sampaio were requested to present the matter, which was based on the Presentation duly distributed to the Board members and filed with the documentation of the Meeting. (...) Thereafter, the Chief Financial Officer and the Superintendent explained sub-item <B>2.3 - </B>&#8220;<B>Authorization for taking out loan with Caixa Econ&#244;mica Federal (CEF or Federal Savings Bank), Selection Process of the Ministry of Cities (Normative Instructions 24 and 33/2010) &#8211; (PAC 2), Phase III, destined to finance 36 projects</B>&#8221;, based on the proposal submitted to the Board of Directors on September 14, 2011, the Board of Executive Officers&#8217; Resolution no. 0246/11 of September 6, 2011, the Internal Communication FIN 28/11 of August 30, 2011 and the Presentation that comprises the documentation of the Meeting. After discussing and voting the matters, the Board members <B>unanimously approved </B>the taking out of loan with the Federal Savings Bank (CEF) to finance thirty-six (36) projects, as follows:</P>

<P style="TEXT-ALIGN: justify"><B><I>1. LOAN AMOUNT </I></B><I>- two hundred, fifteen million, seventy-five thousand, nine hundred, forty reais and ninety-four centavos (R$215,075,940.94).</I></P>

<P style="TEXT-ALIGN: justify"><B><I>2. CHARGES AND TERMS</I></B></P>

<P style="TEXT-ALIGN: justify"><STRONG><FONT style="FONT-SIZE: 14pt">&#183;</FONT></STRONG> <I>Interest rate: 6.00% p.a.<BR></I><STRONG><FONT style="FONT-SIZE: 14pt">&#183; </FONT></STRONG>Management Fee: 1.40% p.a.&#183; Risk Rate: 0.30% p.a.<BR><STRONG><FONT style="FONT-SIZE: 14pt">&#183; </FONT></STRONG>Index: Benchmark Interest Rate (TR)<BR><STRONG><FONT style="FONT-SIZE: 14pt">&#183; </FONT></STRONG>Terms: Defined according to the rules of the Sanitation for All Program and presented in item 3 below.</P></DIV>

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<P><B><I>3. PROJECTS SELECTED FOR SERVICES:</I></B></P>

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<TR>

   <TD vAlign=middle width="10%" align=center></TD>

   <TD vAlign=middle width="10%" align=center></TD>

   <TD vAlign=middle width="20%" align=center></TD>

   <TD vAlign=middle width="20%" align=center></TD>

   <TD vAlign=middle width="10%" align=center></TD>

   <TD vAlign=middle width="10%" align=center></TD>

   <TD vAlign=middle width="10%" align=center></TD>

   <TD vAlign=middle width="10%" align=center></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=middle width="10%" align=center>&nbsp;&nbsp;&nbsp;</TD>

   <TD vAlign=middle width="10%" align=center>&nbsp;&nbsp;&nbsp;</TD>

   <TD vAlign=middle width="20%" align=center>&nbsp;&nbsp;&nbsp;</TD>

   <TD vAlign=middle width="20%" align=center>&nbsp;</TD>

   <TD vAlign=middle width="10%" align=center>&nbsp;</TD>

   <TD vAlign=middle width="10%" align=center>&nbsp;&nbsp;&nbsp;</TD>

   <TD style="TEXT-INDENT: 2px" vAlign=middle width="10%" align=center><B>(R$</B><B>&nbsp;</B><B>1,000)</B>&nbsp;</TD>

   <TD vAlign=middle width="10%" align=center>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" bgColor=#d9d9d9 vAlign=middle rowSpan=2 width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Operation</B><B>&nbsp;</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" bgColor=#d9d9d9 vAlign=middle rowSpan=2 width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>DV</B><B>&nbsp;</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" bgColor=#d9d9d9 vAlign=middle rowSpan=2 width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Municipality</B><B>&nbsp;</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" bgColor=#d9d9d9 vAlign=middle rowSpan=2 width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Purpose</B><B>&nbsp;</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" bgColor=#d9d9d9 vAlign=middle rowSpan=2 width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Loan</B><B>&nbsp;</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" bgColor=#d9d9d9 vAlign=middle width="30%" colSpan=3 align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Terms</B></P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0" bgColor=#d9d9d9 vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Grace</B><B>&nbsp;</B><B>period</B><B>&nbsp;&nbsp;</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0" bgColor=#d9d9d9 vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">&nbsp;<STRONG>Amortization</STRONG></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-RIGHT: #000000 1px solid" bgColor=#d9d9d9 vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Total</B>&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">0346.817&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">81&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Barueri&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Sewage&nbsp;Studies&nbsp;and Projects&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;756.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">32&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">92&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">0346.779&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">26&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Botucatu&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Water&nbsp;Supply&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,003.37&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">42&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">282&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">0346.826&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">92&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Caieiras&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Sewage&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,668.50&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">47&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">287&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">0346.838&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">34&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Carapicu&#237;ba&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">EPSES&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,035.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">34&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">94&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">0346.827&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">5&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Cotia&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Water&nbsp;Supply&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,405.40&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">24&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">264&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">0346.812&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">39&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Francisco&nbsp;Morato&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Water&nbsp;Supply&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,400.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">22&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">262&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">0346.806&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">52&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Franco&nbsp;da&nbsp;Rocha&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Water&nbsp;Supply&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,050.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">22&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">262&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">0346.909&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">98&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Franco&nbsp;da&nbsp;Rocha&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">EPSES&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,135.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">31&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">91&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">0346.771&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">43&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Hortol&#226;ndia&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Water&nbsp;Supply&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,420.61&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">48&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">288&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">0346.873&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">76&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Itapevi&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">EPSAA&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,140.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">34&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">94&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">0346.952&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">35&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Itapevi&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">EPSES&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,242.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">34&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">94&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">346.813&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">43&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Jandira&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">EPSES&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;778.50&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">34&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">94&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">346.778&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">12&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Juquitiba&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Water&nbsp;Supply&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,811.41&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">48&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">288&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">0346.783&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">87&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Monte&nbsp;Mor&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Sewage&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18,854.87&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">48&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">288&nbsp;&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">0346.823&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">69&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Osasco&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">EPSES&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;765.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">34&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">94&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">346.835&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">2&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Santana&nbsp;de Parna&#237;ba</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">EPSES&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;634.50&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">32&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">92&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">0346.842&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">95&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">S&#227;o&nbsp;Louren&#231;o&nbsp;da Serra&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">EPSAA&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;943.20&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">21&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">81&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">346.879&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">30&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">S&#227;o&nbsp;Paulo&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Water&nbsp;Supply&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14,310.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">28&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">268&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">0346.903&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">32&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">S&#227;o&nbsp;Paulo&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Water&nbsp;Supply&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,322.86&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">22&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">262&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">346.875&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">95&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">S&#227;o&nbsp;Paulo&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Water&nbsp;Supply&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,340.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">24&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">264&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">346.959&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">4&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">S&#227;o&nbsp;Paulo&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Water&nbsp;Supply&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16,389.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">19&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">259&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">346.874&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">80&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">S&#227;o&nbsp;Paulo&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Water&nbsp;Supply&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,250.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">19&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">259&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">346.877&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">12&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">S&#227;o&nbsp;Paulo&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">EPSAA&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2,707.50&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">22&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">82&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">0346.900&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">0&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">S&#227;o&nbsp;Paulo&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">EPSES&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4,750.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">26&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">86&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">0346.960&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">32&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">S&#227;o&nbsp;Paulo&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">EPSES&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8,550.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">31&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">91&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">0346.836&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">16&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">S&#227;o&nbsp;Vicente&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">EPSES&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;942.10&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">16&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">76&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">346.831&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">66&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Tabo&#227;o&nbsp;da&nbsp;Serra&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">EPSES&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">34&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">94&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">346.774&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">76&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Taubat&#233;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">EPSAA&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330.92&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">22&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">82&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">0353.172&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">30&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Avar&#233;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Water&nbsp;Supply&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">30&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">270&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">353.695&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">55&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Registro&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">EPSES&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132.82&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">29&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">89&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">353.694&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">49&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Campo&nbsp;Limpo Paulista&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Water&nbsp;Supply&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32,835.54&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">48&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">288&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">352.095&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">75&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">&nbsp;Sao&nbsp;Roque&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">EPSAA&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129.60&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">22&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">82&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">0352.139&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">93&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Itapeva&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">EPSES&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">22&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">82&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">0352.216&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">34&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Itarar&#233;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">EPSAA&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;544.46&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">26&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">86&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">0353.677&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">32&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Ibi&#250;na&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Sewage&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11,305.00&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">42&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">240&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">282&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">0352.150&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">58&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">Ibi&#250;na&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">EPSAA&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;362.79&nbsp;&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">22&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">60&nbsp;&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle align=center>

   <P style="LINE-HEIGHT: 15pt">82&nbsp;&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" vAlign=middle colSpan=4 align=center>

   <P style="LINE-HEIGHT: 15pt"><B>TOTAL</B><B></B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" vAlign=middle align=right>

   <P style="LINE-HEIGHT: 15pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B><B>215,075.95</B><B>&nbsp;&nbsp;</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle colSpan=3 align=center>&nbsp;</TD></TR>

<TR height=20>

   <TD vAlign=middle width="10%" align=center></TD>

   <TD vAlign=middle width="10%" align=center></TD>

   <TD vAlign=middle width="20%" align=center></TD>

   <TD vAlign=middle width="20%" align=center></TD>

   <TD vAlign=middle width="10%" align=right></TD>

   <TD vAlign=middle width="10%" align=center></TD>

   <TD vAlign=middle width="10%" align=center></TD>

   <TD vAlign=middle width="10%" align=center></TD></TR></TABLE></DIV>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV align=left>&nbsp;</DIV>

<P style="MARGIN: 0px" align=justify><B><I>EPSAA &#8211; Water Supply Systems Studies and Projects</I></B></P>

<P style="TEXT-ALIGN: justify"><I>EESES &#8211; Sewage System Studies and Projects</I></P>

<P style="TEXT-ALIGN: justify"><STRONG><EM>4. SURETY</EM></STRONG></P>

<P style="TEXT-ALIGN: justify"><STRONG><EM><BR><FONT size=5>&#183;</FONT></EM></STRONG> Collection Account &#8211; a tariff collection monthly flow must be kept in the Collection Account, of at least, the monthly average of three (3) times the amount of a Restated Monthly Installment. <BR><STRONG><FONT style="FONT-SIZE: 14pt">&#183;</FONT></STRONG> <I>Reserve Account &#8211; an amount corresponding to a Monthly Installment falling due must be kept in the Reserve Account, calculated over the restated debt outstanding balance.<BR></I></P>

<P style="TEXT-ALIGN: justify"><I>The Chief Financial Officer and Investor Relations Officer is hereby authorized to conduct all the procedures and take all the measures necessary to conclude negotiations and sign the agreements. </I>(...) These minutes, after being approved, were signed by the attending members of the Board of Directors. Edson de Oliveira Giriboni, Alexander Bialer, Dilma Seli Pena, Jer&#244;nimo Antunes, Heraldo Gilberto de Oliveira, Reinaldo Guerreiro, Sidney Estanislau Beraldo and Walter Tesch. This is a free English translation of the excerpt of the original minutes drawn up in the Book of Minutes of the Board of Directors. S&#227;o Paulo, September 16, 2011. Edson Giriboni, Chairman of the Board of Directors. Sandra Maria Giannella, Executive Secretary of the Board of Directors. DEPARTMENT OF JUSTICE AND CITIZENSHIP DEFENSE. BOARD OF TRADE OF THE STATE OF S&#195;O PAULO. I certify the Registration No.389.822/11-5 of September 26, 2011. K&#193;TIA REGINA BUENO DE GODOY, General Secretary.</P></DIV>

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<P align=center>&nbsp;
<IMG border=0 src="logo.gif"></P>

<P style="TEXT-ALIGN: center">COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO - SABESP<BR>Corporate Taxpayer ID (CNPJ): 43.776.517/0001-80<BR>Company Registry (NIRE): 35.3000.1683-1</P>

<P style="TEXT-ALIGN: left">EXCERPT FROM THE MINUTES OF THE 746<SUP>th </SUP>BOARD OF DIRECTORS MEETING.</P>

<P style="TEXT-ALIGN: justify">On September 15, 2011, at 9:00 a.m., the Chairman of the Board of Directors, Mr. Edson de Oliveira Giriboni, pursuant to the <I>caput </I>of Article 13 of the Company&#8217;s Bylaws called for an ordinary meeting, which was held in the conference room of the Company&#8217;s headquarters located at Rua Costa Carvalho n&#186; 300, in the City of S&#227;o Paulo, attended by the appointed and undersigned members of the Board of Directors of Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP. After the meeting was called to order, Mr. Edson Giriboni greeted everyone and justified the absence of the Board members, Messrs. Alberto Goldman and Andrea Sandro Calabi. (...), the Chairman then started discussing <B>item 2 </B>- <B>&#8220;Funding strategy for investments and debt management&#8221; </B>and the sub-items &#8220;<B>2.1. Authorization for early full redemption of the 9</B><B><SUP>th </SUP></B><B>issue of debentures occurred in 2008</B>&#8221;; &#8220;<B>2.2 &#8211; Authorization to take the measures necessary in order to raise funds in the capital markets so as to meet the Company&#8217;s financial needs for 2012, as defined in the Company Budget</B>&#8221;; &#8220;<B>2.3 &#8211;Authorization for taking out loan with Caixa Econ&#244;mica Federal (CEF or Federal Savings Bank), Selection Process of the Ministry of Cities (Normative Instructions 24 and 33/2010) &#8211; (Growth Acceleration Program - PAC 2), Phase III, destined to finance 36 projects</B>&#8221;; &#8220;<B>2.4 &#8211; Authorization for taking out loan with the Brazilian Development Bank (BNDES), Selection Process of the Ministry of Cities (Normative Instruction 24/2010) - PAC 2, Phase III, destined to sewage works and services in the municipalities of S&#227;o Paulo Metropolitan Region (RMSP) and the executive project of the S&#227;o Louren&#231;o Production System</B>&#8221; <I>(time:75&#8217;)</I>, and the Chief Financial and Investor Relations Officer, Mr. Rui de Britto &#193;lvares Affonso and the Superintendent of Funding and Investor Relations, Mr. Mario Azevedo de Arruda Sampaio were requested to present the matter, which was based on the Presentation duly distributed to the Board members and filed with the documentation of the Meeting. (...) Thereafter, the Chief Financial and Investor Relations Officer and the Superintendent explained sub-item <B>2.4 - </B>"<B>Authorization for taking out loan with the Brazilian Development Bank (BNDES), Selection Process of the Ministry of Cities (Normative Instruction 24/2010) - PAC 2, Phase III, destined to sewage works and services in the municipalities of S&#227;o Paulo Metropolitan Region and the executive project of the S&#227;o Louren&#231;o Production System</B>&#8221;, based on the Proposal submitted to the Board of Directors on September 14, 2011, the Board of Executive Officers&#8217; Resolution no. 0245/11, of September 6, 2011, the Internal Communication FIN 27/11, of August 30, 2011 and the Presentation that comprises the documentation of the Meeting. After discussing and voting the matters, the Board members unanimously approved the taking out of loan with the Brazilian Development Bank (BNDES) to finance five (5) SABESP&#8217;s proposals selected by the Ministry of Cities within the scope of the Selection Process of the Ministry of Cities (Normative Instruction 24/2010), as follows:</P>

<P style="TEXT-ALIGN: justify"><B><I>1. LOAN AMOUNT </I></B><I>&#8211; FINEM line of credit (project finance)</I></P>

<P style="TEXT-ALIGN: justify"><I>One hundred, eighty-three million, three hundred and fifty thousand reais (R$183,350,000.00)</I></P>

<P style="TEXT-ALIGN: justify"><B><I>2. ALLOCATION OF LOAN</I></B><I>- </I>Sewage works and services in the municipalities of S&#227;o Paulo Metropolitan Region (RMSP) and the Executive Project of the S&#227;o Louren&#231;o Production System (SPSL).</P>

<P style="TEXT-ALIGN: justify"><B><I>3. CHARGES AND TERMS</I></B></P>

<P style="TEXT-ALIGN: justify"><STRONG><FONT style="FONT-SIZE: 14pt">&#183;&nbsp; </FONT></STRONG>Interest Rate: Long-term interest rate (TJLP) + 1.72% p.a.<BR><STRONG><FONT style="FONT-SIZE: 14pt">&#183; </FONT></STRONG><I>Terms: 180 months for works and 96 months for the Executive Project of the S&#227;o Louren&#231;o Production System with a grace period defined according to the sub-credits to be taken out and presented in the chart below:</I></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; FONT-FAMILY: 'Arial'; FONT-SIZE: 10pt" border=0 cellSpacing=0>



<TR>

   <TD width="10%"></TD>

   <TD width="20%"></TD>

   <TD width="10%"></TD>

   <TD width="20%"></TD>

   <TD width="10%"></TD>

   <TD width="10%"></TD>

   <TD width="10%"></TD>

   <TD width="10%"></TD></TR>

<TR vAlign=bottom>

   <TD vAlign=middle width="10%" align=center>&nbsp;</TD>

   <TD vAlign=middle width="20%" align=center>&nbsp;</TD>

   <TD vAlign=middle width="10%" align=center>&nbsp;</TD>

   <TD vAlign=middle width="20%" align=center>&nbsp;</TD>

   <TD vAlign=middle width="10%" align=center>&nbsp;</TD>

   <TD vAlign=middle width="30%" colSpan=3 align=center><I>(R$ 1,000)</I>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" bgColor=#d9d9d9 vAlign=middle rowSpan=3 width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Sub-</B>&nbsp;<STRONG>credit</STRONG></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" bgColor=#d9d9d9 vAlign=middle rowSpan=3 width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Purpose</B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" bgColor=#d9d9d9 vAlign=middle rowSpan=3 width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Loan</B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" bgColor=#d9d9d9 vAlign=middle rowSpan=3 width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Cost</B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" bgColor=#d9d9d9 vAlign=middle width="40%" colSpan=4 align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Terms (months)</B></P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0" bgColor=#d9d9d9 vAlign=middle rowSpan=2 width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Total</B></P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0" bgColor=#d9d9d9 vAlign=middle rowSpan=2 width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Grace </B><B>Period</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0" bgColor=#d9d9d9 vAlign=middle rowSpan=2 width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Amortization</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-RIGHT: #000000 1px solid" bgColor=#d9d9d9 vAlign=middle rowSpan=2 width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Usage</B>&nbsp;</P></TD></TR>

<TR vAlign=bottom></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">A1&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Linear Works of<BR>SES <B>Cotia</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">41,552.05&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">TJLP + 1.72%<BR>p.a.&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">180&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">36&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">144&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">30&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">A2&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">EE and Discharge Piping of<BR>SES&nbsp;<B>Cotia</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">5,947.95&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">TJLP + 1.72%<BR>p.a.&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">180&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">36&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">144&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">30&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">B&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">SES <B>Osasco</B></P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">22,800.00&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">TJLP + 1.72%<BR>p.a.&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">180&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">24&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">156&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">18&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">C1&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Linear Works of<BR>SES <B>S&#227;o Paulo</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">7,337.80&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">TJLP + 1.72%<BR>p.a.&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">180&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">24&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">156&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">18&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">C2&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">EE and Discharge Piping of<BR>SES <B>S&#227;o </B><B>Paulo</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">262.20&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">TJLP + 1.72%<BR>p.a.&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">180&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">24&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">156&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">18&nbsp;</P></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">D1&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Linear Works of<BR>SES <B>S. B. </B><B>Campo</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">74,052.84&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">TJLP + 1.72%<BR>p.a.&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">180&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">36&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">144&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">54&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">D2&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">EE and Discharge Piping of<BR>SES <B>S. B. </B><B>Campo</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">20,947.16&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">TJLP + 1.72%<BR>p.a.&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">180&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">36&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">144&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #c0c0c0 1px solid; BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">54&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">E&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">Exec. Project of the S. Louren&#231;o<BR>Prod. System&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">10,450.00&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle width="20%" align=center>

   <P style="LINE-HEIGHT: 15pt">TJLP + 1.72%<BR>p.a.&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">96&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">24&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">72&nbsp;</P></TD>

   <TD style="BORDER-LEFT: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt">18&nbsp;</P></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" vAlign=middle width="30%" colSpan=2 align=center>

   <P style="LINE-HEIGHT: 15pt"><B>Total</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" vAlign=middle width="10%" align=center>

   <P style="LINE-HEIGHT: 15pt"><B>183,350.00</B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" vAlign=middle width="20%" align=center>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" vAlign=middle width="10%" align=center>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" vAlign=middle width="10%" align=center>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid" vAlign=middle width="10%" align=center>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid; BACKGROUND-COLOR: #c0c0c0; BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid" vAlign=middle width="10%" align=center>&nbsp;</TD></TR>

<TR>

   <TD width="100%" colSpan=8>&nbsp;</TD></TR>

<TR>

   <TD width="100%" colSpan=8 align=left><I>SES &#8211; Sewage system</I></TD></TR>

<TR>

   <TD width="100%" colSpan=8 align=left><I>EE &#8211; Pumping station</I></TD></TR>

<TR height=20>

   <TD width="10%" align=left></TD>

   <TD width="20%" align=center><B></B></TD>

   <TD width="10%" align=left></TD>

   <TD width="20%" align=center></TD>

   <TD width="10%" align=left></TD>

   <TD width="10%" align=left></TD>

   <TD width="10%" align=left></TD>

   <TD width="10%" align=left></TD></TR></TABLE></DIV>

<P style="MARGIN: 0px">&nbsp;</P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>



<H5 style="PAGE-BREAK-BEFORE: always" align=left></H5><A name="page_7"></A><BR>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<DIV align=left><B><I>4. SURETY </I></B><I>&#8211; Fiduciary Assignment of part of SABESP tariff collection, in the monthly amount of R$8.0 million, annually adjusted by the Extended Consumer Price Index (IPCA), calculated by the Brazilian Institute of Geography and Statistics (IPCA)/IBGE).</I></DIV>

<P style="TEXT-ALIGN: justify"><I>The Chief Financial Officer and Investor Relations Officer is hereby authorized to conduct all the procedures and take all the measures necessary to conclude negotiations and sign the agreement. </I>(...) These minutes, after being approved, were signed by the attending members of the Board of Directors. Edson de Oliveira Giriboni, Alexander Bialer, Dilma Seli Pena, Jer&#244;nimo Antunes, Heraldo Gilberto de Oliveira, Reinaldo Guerreiro, Sidney Estanislau Beraldo and Walter Tesch. This is a free English translation of the excerpt of the original Minutes drawn up in the Book of Minutes of the Board of Directors. S&#227;o Paulo, September 16, 2011. Edson Giriboni, Chairman of the Board of Directors. Sandra Maria Giannella, Executive Secretary of the Board of Directors. ECONOMIC DEVELOPMENT, SCIENCE AND TECHNOLOGY DEPARTMENT. BOARD OF TRADE OF THE STATE OF S&#195;O PAULO. I certify the Registration No. 400.523/11-5 of October 3, 2011. K&#193;TIA REGINA BUENO DE GODOY, General Secretary.</P></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B><U>

<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>

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

<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;December&nbsp;20 2011</FONT></DIV>

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

<DIV align=center>

<TABLE style="WIDTH: 70%" cellSpacing=0 cellPadding=0>



<TR>

   <TD vAlign=top width="50%" colSpan=3>

   <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>

<TR>

   <TD height=16></TD>

   <TD height=16></TD>

   <TD height=16></TD></TR>

<TR>

   <TD vAlign=top align=left><FONT color=#000000 size=2 face="Times New Roman">By:</FONT></TD>

   <TD vAlign=bottom align=left>/s/&nbsp;&nbsp;<FONT style="FONT-FAMILY: times new roman" size=3>Rui de Britto &#193;lvares Affonso</FONT>&nbsp;&nbsp;&nbsp;&nbsp;

   <HR align=left color=#000000 SIZE=1 noShade>

</TD>

   <TD></TD></TR>

<TR>

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

   <TD vAlign=bottom width="53%" align=center>

   <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>

   <TD></TD></TR></TABLE></DIV>

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

<P>&nbsp;</P>

<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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