<SEC-DOCUMENT>0001292814-13-002670.txt : 20131202
<SEC-HEADER>0001292814-13-002670.hdr.sgml : 20131202
<ACCEPTANCE-DATETIME>20131202100525
ACCESSION NUMBER:		0001292814-13-002670
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20131231
FILED AS OF DATE:		20131202
DATE AS OF CHANGE:		20131202

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:		131250862

	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>sbs20131127_6k.htm
<DESCRIPTION>EXCERPT FROM THE MINUTES OF THE 780TH BOARD OF DIRECTORS' MEETING
<TEXT>

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

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

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

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

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

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>REPORT OF FOREIGN ISSUER</B><BR><B>PURSUANT TO RULE 13a-16 OR 15d-16 OF THE</B></FONT></DIV>

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

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

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<DIV><FONT color=#000000 size=2 face="Times New Roman"><B>For&nbsp;November 27, 2013</B></FONT></DIV><FONT color=#000000 size=2 face="Times New Roman"><B>(Commission File No. 1-31317) </B></FONT></DIV>

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

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

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

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

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

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<DIV align=center><FONT color=#000000 size=2 face="Times New Roman"><B>Rua Costa Carvalho, 300 <BR>S&#227;o Paulo, S.P., 05429-900 <BR>Federative Republic of Brazil </B></FONT></DIV>

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

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<BR>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">Indicate by check mark whether the registrant files or will file <BR>annual reports under cover Form 20-F or Form 40-F. <BR><BR>Form 20-F ___X___ Form 40-F ______</FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K <BR>in paper as permitted by Regulation S-T Rule 101(b)(1)__.</FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">Indicate by check mark if the registrant is submitting the Form 6-K <BR>in paper as permitted by Regulation S-T Rule 101(b)(7)__.</FONT></DIV>

<P></P>

<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>

<P></P>

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

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 32.4pt 0pt 0cm" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO - SABESP</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 32.4pt 0pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Corporate Taxpayer&#8217;s ID (CNPJ): 43.776.517/0001-80</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 32.4pt 0pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Company Registry (NIRE): 35.3000.1683-1</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>EXCERPT FROM THE MINUTES OF THE 780<SUP>TH</SUP> BOARD OF DIRECTORS' MEETING</FONT></B></P>

<P style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>On October 31, 2013, at 9:00 a.m., the Chairman of the Board of Directors, Edson de Oliveira Giriboni, pursuant to the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>caput&nbsp;</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif> of Article 12 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, and was 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. </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=verdana,sans-serif>(...) </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Subsequently, the floor was passed again to the Chief Financial and Investor Relations Officer, Rui de Britto &#193;lvares Affonso, the Head of Funding and Investor Relations, M&#225;rio Azevedo de Arruda Sampaio, and the National Funding Department Manager, Marcelo de Assis Rampone, for presentation of </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>item 3</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif> on the agenda </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>&#8220;Authorization to contract loans from the Brazilian Federal Savings Bank &#8211; Caixa Econ&#242;mica Federal (CEF) totaling up to R$1,288,947,976.79, to finance the execution of ten (10) water and sewage projects in the municipalities of the Metropolitan Region of S&#227;o Paulo - RMSP (S&#227;o Paulo, Itapecerica da Serra, Francisco Morato and Mau&#225;), which are part of the Ministry of the Cities&#8217; Selection Process (Regulatory Instruction no 27/2012)&#8221;</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>, </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>(time:15&#8217;) </FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>which was done based on the Board of Directors&#8217; Proposal of October 24, 2013, on Executive Board Resolution no 0358/2013, of October 23, 2013, on Internal Communication FIN&nbsp; 032/2013, of October 10, 2013 and on the presentation distributed to the Board members and filed with the Meeting&#8217;s documents.</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>The matter was discussed and put to the vote in compliance with Article 13, Paragraph XIII of the Company&#8217;s Bylaws </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>and the Board unanimously approved the contracting of loans from the Brazilian Federal Savings Bank &#8211; CEF, totaling up to R$1,288,947,976.79, to finance ten (10) projects for the execution of water and sewage works, </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>as per the chart and conditions described below:</FONT></P>

<P style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>1. </FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Financing Amount:</FONT></I></B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif> Up to one billion, two hundred and eighty-eight million, nine hundred and forty-seven thousand, nine hundred and seventy-six reais and seventy-nine centavos (R$1,288,947,976.79).</FONT></I></P>

<P style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>2. </FONT><FONT style="DISPLAY: none" color=black face=verdana,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>&lt;}0{&gt;</FONT></I></B></FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>Financial Charges</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>: </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Interest: 6.00% p.a., Management Fee: 1.40% p.a., Risk Rate: 0.30% p.a., Indexing Unit: TR &#8211; Reference Rate.</FONT></I></P>

<P style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>3. </FONT><FONT style="DISPLAY: none" color=black face=verdana,sans-serif><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>&lt;}0{&gt;</FONT></I></B></FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>Term</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>: </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Up to 24 years, with a grace period of up to 4 years and 20 years of amortization.</FONT></I></P>

<P style="BACKGROUND: white; MARGIN: 0cm 0cm 0pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4. </FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Projects selected for financing</FONT></I></B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>:&nbsp;</FONT></I></P>

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<TR>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>Operation</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>PLACE</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="32%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>Purpose</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>Investment</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>(</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>in Brazilian Reais</FONT><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>)&nbsp;</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>Financing</FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>(in Brazilian Reais)</FONT></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: windowtext 1pt solid; BACKGROUND: #d9d9d9; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>%</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>410.509-12</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 0.3pt; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>RMSP</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 0.3pt; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>S&#227;o Paulo</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="32%">

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>Tiet&#234; Project &#8211; S&#227;o Paulo Central Region - Anhangaba&#250; sewer main and interceptor sewers ITa-1 and ITi-7</FONT></P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>480,000,000.00</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>456.000.000,00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>95</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>410.549-93</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 0.3pt; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>RMSP</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 0.3pt; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>S&#227;o Paulo</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="32%">

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" face=verdana,sans-serif>Tiet&#234; Project &#8211; V&#225;rzea do Tiet&#234; sewers - S&#227;o Paulo</FONT></P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>393,469,000.00</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>373.795.550,00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>95</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>410.586-53</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>RMSP</FONT></P>

   <P style="MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>S&#227;o Paulo</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="32%">

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>Tiet&#234; Project - Pinheiros River Basin sewers</FONT></P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>120,285,131.00</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>114.270.874,45</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>95</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>410.616-19</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 0.3pt; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>RMSP</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 0.3pt; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>Francisco Morato</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="32%">

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>Tiet&#234; Project &#8211; Eus&#233;bio sewage treatment plant and adjacent linear works </FONT></P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>45,800,000.00</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>43.510.000,00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>95</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>410.546-61</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>RMSP</FONT></P>

   <P style="MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>S&#227;o Paulo</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="32%">

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>PMA (Metropolitan Water Plan) - Increase in the integrated water supply system reservoir in the Jardim da Conquista, Ipiranga, Jardim S&#227;o Luiz, American&#243;polis and Jardim S&#227;o Pedro sectors</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>60,957,280.38</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>54.861.552,34</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>90</FONT></P></TD></TR></TABLE></DIV>

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<TR>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: #000000 1px solid; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>410.551-46</FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>RMSP</FONT></P>

   <P style="MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>S&#227;o Paulo</FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="32%">

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>PMA &#8211; Adaptation of catchment from the Taquacetuba River branch, expansion of the operating capacity of the RJCS water treatment plant and increased delivery capacity of Guarapiranga lines 5. 6 and 7</FONT></P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>85,300,000.00</FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>76.770.000,00</FONT></P></TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>90</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>410.629-67</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -0.25pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>RMSP</FONT></P>

   <P style="MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -0.25pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>S&#227;o Paulo</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="32%">

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>PMA &#8211; Expansion of delivery to South Region (Increase water capacity and operating safety in the V. Am&#233;rica &#8211;Lapa and ABV- Jardim Am&#233;rica aqueducts</FONT></P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>56,000,000.00</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>50.400.000,00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>90</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>410.608-12</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 0.3pt; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>RMSP</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 0.3pt; TEXT-INDENT: -0.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>Itapecerica da Serra</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="32%">

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>PMA &#8211; Implementation. reservoir. delivery and sectorization works in Campestre, Jacira and S&#227;o Pedro sectors</FONT></P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>20,000,000.00</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>18.000.000,00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>90</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>410.615-05</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 0.3pt; TEXT-INDENT: -0.3pt"><FONT style="FONT-SIZE: 8pt" face=verdana,sans-serif>RMSP</FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt 0.3pt; TEXT-INDENT: -0.3pt"><FONT style="FONT-SIZE: 8pt" face=verdana,sans-serif>Mau&#225; and S&#227;o Paulo</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="32%">

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>PMA - Mau&#225; booster and adaptation of Rio Claro system&#8217;s aqueduct 2</FONT></P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>32,100,000.00</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>28.890.000,00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>90</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>410.622-98</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="13%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -0.25pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>RMSP</FONT></P>

   <P style="MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -0.25pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>S&#227;o Paulo</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="32%">

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>PMA &#8211; Implementation of primary networks for Brooklin, Consola&#231;&#227;o, Mooca, Avenida, Penha and Artur Alvim sectors</FONT></P>

   <P style="MARGIN: 0cm 1.7pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>80,500,000.00</FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>72.450.000,00</FONT></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>90</FONT></P></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="57%" colSpan=3>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>TOTAL</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; TEXT-INDENT: -5.4pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>1,374,411,411.38</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>1,288,947,976.79</FONT></B></P></TD>

   <TD style="BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="6%">

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=verdana,sans-serif>94</FONT></B></P></TD></TR></TABLE></DIV>

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<P style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>5. </FONT></I></B><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Guarantee: &nbsp;</FONT></I></B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>&nbsp;</FONT></I><I><U><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Collection Account </FONT></U></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>&#8211; maintain monthly tariff collection flow in the Collection Account of at least the monthly average of three (3) times the amount of a Restated Monthly Installment.</FONT></I></P>

<P style="BACKGROUND: white; TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><U><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Reserve Account &#8211; </FONT></U></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>maintain an amount corresponding to a Monthly Installment falling due in the Reserve Account, calculated over the restated outstanding debt balance</FONT></I><I><U><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>. &nbsp;</FONT></U></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>The Board of Directors also resolved that the Chief Financial and Investor Relations Officer carry out all the necessary procedures and measures to conclude negotiations and execute the agreements.</FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif> </FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>(...) These minutes, after being approved, were signed by the attending members of the Board of Directors. </FONT><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=verdana,sans-serif>Edson de Oliveira Giriboni, Alberto Goldman, Alexander Bialer, Claudia Polto da Cunha, Dilma Seli Pena, Francisco Vidal Luna, Jer&#244;nimo Antunes, Reinaldo Guerreiro and Walter Tesch. </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>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, November 5, 2013. Edson de Oliveira Giriboni, Chairman of the Board of Directors. Sandra Maria Giannella, Executive Secretary of the Board of Directors. DEPARTMENT OF ECONOMIC DEVELOPMENT, SCIENCE AND TECHNOLOGY &#8211; COMMERCIAL REGISTRY OF THE STATE OF S&#195;O PAULO I hereby certify Registration under no. 446.111/13-2, of November 19, 2013. GISELA SIMIEMA CESCHIN, General Secretary.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 32.4pt 0pt 0cm" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 9pt" face=verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO - SABESP</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 32.4pt 0pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>CORPORATE TAXPAYER&#8217;S ID (CNPJ/MF): 43.776.517/0001-80</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 32.4pt 0pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>COMPANY REGISTRY (NIRE): 35.3000.1683-1</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>EXCERPT FROM THE MINUTES OF THE 780<SUP>TH</SUP> BOARD OF DIRECTORS' MEETING</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>On October 31, 2013, at 9:00 a.m., the Chairman of the Board of Directors, Edson de Oliveira Giriboni, pursuant to the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>caput&nbsp;</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif> of Article 12 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, and was 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 </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LAYOUT-GRID-MODE: line" face=verdana,sans-serif>(...) </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Subsequently, the Board analyzed </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>item 2 </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>on the agenda, </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>&#8220;Authorization to contract loans from the Brazilian Development Bank &#8211; BNDES, totaling up to R$415,800,000.00, to finance two water supply projects in the municipalities of S&#227;o Paulo and Caieiras, which are part of the Ministry of the Cities&#8217; Selection Process (Regulatory Instruction no. 27/2012).&#8221; </FONT></B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>(time:15&#8217;)</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif> The floor was passed to the Chief Financial and Investor Relations Officer, Rui de Britto &#193;lvares Affonso, the Head of Funding and Investor Relations, M&#225;rio Azevedo de Arruda Sampaio, and the National Funding Department Manager, Marcelo de Assis Rampone, who explained the matter based on the Board of Directors&#8217; Proposal of October 25, 2013, on Executive Board Resolution no. 0359/2013 of October 23, 2013, on Internal Communication FI no 033/2013 of August 20, 2013 and on the presentation distributed to the Board members and filed with the Meeting&#8217;s documents. (...) The matter was put to vote, in compliance with Article 13, Paragraph XIII of the Company&#8217;s Bylaws, </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>and the Board unanimously approved the contracting of a loan from the Brazilian Development Bank &#8211; BNDES to finance two (2) projects for the execution of water supply works, </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>as per the chart and conditions described below:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 14.2pt; TEXT-INDENT: -14.2pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>1. </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Financing Amount: Up to four hundred fifteen million and eight hundred thousand reais (R$415,800,000.00)</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 14.2pt; TEXT-INDENT: -14.2pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>2.&nbsp;Financial Charges and Terms:</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 35.7pt; TEXT-INDENT: -17.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Interest &#8211; 1.66% p.a. plus the TJLP (long-term interest rate), 0.90% of which as basic remuneration and 0.76% as risk rate;</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 35.7pt; TEXT-INDENT: -17.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Loan reserve &#8211; 0.1% p.a.</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 35.7pt; TEXT-INDENT: -17.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Term:&nbsp;</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif> </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>144 months: grace period of 36 months and 108 months of</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif> </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>amortization.&nbsp;</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 35.7pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt; TEXT-INDENT: -14.2pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>3.&nbsp;Projects selected for financing:</FONT></I></P>

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<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 486.299pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: medium none; MARGIN-LEFT: 26.7pt; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 17.25pt">

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Place</FONT></I></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="36%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Purpose</FONT></I></B></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Investment</FONT></I></B></P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>In Brazilian Reais</FONT></I></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Financing</FONT></I></B></P>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>In Brazilian Reais</FONT></I></P></TD>

   <TD style="BORDER-TOP: windowtext 1pt solid; HEIGHT: 17.25pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>%</FONT></I></B></P></TD></TR>

<TR style="HEIGHT: 32.95pt">

   <TD style="HEIGHT: 32.95pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Caieiras</FONT></I></P></TD>

   <TD style="HEIGHT: 32.95pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="36%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Water-catchment and operating capacity expansion in Guara&#250; Water Treatment Plant (ETA)</FONT></I></P></TD>

   <TD style="HEIGHT: 32.95pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>112,000,000</FONT></I></P></TD>

   <TD style="HEIGHT: 32.95pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>100,800,000</FONT></I></P></TD>

   <TD style="HEIGHT: 32.95pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>90</FONT></I></P></TD></TR>

<TR style="HEIGHT: 34.9pt">

   <TD style="HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="14%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>S&#227;o Paulo</FONT></I></P></TD>

   <TD style="HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="36%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT style="FONT-SIZE: 9pt" face=verdana,sans-serif>Guara&#250; ETA R3 Reservoir (200,000 m&#179;)</FONT></I></P></TD>

   <TD style="HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>350,000,000</FONT></I></P></TD>

   <TD style="HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>315,000,000</FONT></I></P></TD>

   <TD style="HEIGHT: 34.9pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>90</FONT></I></P></TD></TR>

<TR style="HEIGHT: 22.45pt">

   <TD style="HEIGHT: 22.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; BORDER-LEFT: windowtext 1pt solid; PADDING-RIGHT: 5.4pt" width="50%" colSpan=2>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>TOTAL</FONT></I></B></P></TD>

   <TD style="HEIGHT: 22.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="19%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>462,000,000</FONT></I></B></P></TD>

   <TD style="HEIGHT: 22.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="20%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>415,800,000</FONT></I></B></P></TD>

   <TD style="HEIGHT: 22.45pt; BORDER-RIGHT: windowtext 1pt solid; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" width="11%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><B><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif>90</FONT></I></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>4.&nbsp; Guarantee:</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif> </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Fiduciary Assignment of a portion of SABESP's tariff revenue, in the maximum monthly amount of eighteen million reais (R$18,000,000.00), adjusted annually by the Extended National Consumer Price Index, calculated by the IBGE (IPCA/IBGE).</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif> &nbsp;</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>The guarantee is divided into three stages:</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif> </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>1)&nbsp; as of the contracting date until the end of the grace period (36 months): R$12,000,000.00; 2)&nbsp;as of the end of the grace period until the end of 72 months amortization: R$18,000,000.00; and 3)&nbsp; as of the 73<SUP>rd</SUP> month of the amortization period until final settlement of the financing agreement obligations: R$12,000,000.00.</FONT></I></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<IMG border=0 src="logo1.jpg"></FONT></FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>5.&nbsp; Covenants</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 17.85pt 0pt 35.7pt; TEXT-INDENT: -17.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Adjusted EBITDA /Adjusted NOR:</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif> </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>equal to or more than 38%</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 17.85pt 0pt 35.7pt; TEXT-INDENT: -17.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Adjusted EBITDA /Adjusted Financial Expenses:</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif> </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>equal to or more than 2.35</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 17.85pt 0pt 35.7pt; TEXT-INDENT: -17.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Adjusted Net Debt/Adjusted EBITDA:</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif> </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>equal to or less than 3.65</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Definitions:</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=black face=verdana,sans-serif> &nbsp;</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Adjusted EBITDA</FONT></U></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif> is the sum of: (I) income before social contribution, profit sharing and income taxes; (ii) depreciation and amortization expenses; (iii) financial expenses less financial income; (iv) other operating expenses less other operating revenue; and (v) construction service cost less construction service revenue;</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Adjusted ROL</FONT></U></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif> is net operating revenue less construction service revenue;</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Adjusted Financial Expenses</FONT></U></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif> is the sum of interest and financial expenses incurred during the period less expenses from the exchange variation;</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><U><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>Adjusted Net Debt</FONT></U></I><I><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif> is the sum of the loan, financing and outstanding debenture balance less cash and cash equivalents.</FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>The Board of Directors also resolved that the Chief Financial and Investor Relations Officer take all the necessary provisions and measures for the conclusion of the negotiations and execute the agreements. (...) These minutes, after being approved, were signed by all attending Board members: Edson de Oliveira Giriboni, Alberto Goldman, Alexander Bialer, Claudia Polto da Cunha, Dilma Seli Pena, Francisco Vidal Luna, Jer&#244;nimo Antunes, Reinaldo Guerreiro and Walter Tesch. This is a free English translation of the original instrument drawn up in the Book of Minutes of the Board of Directors. S&#227;o Paulo, November 5, 2013. Edson de Oliveira Giriboni, Chairman of the Board of Directors. Sandra Maria Giannella, Executive Secretary of the Board of Directors. DEPARTMENT OF ECONOMIC DEVELOPMENT, SCIENCE AND TECHNOLOGY &#8211; COMMERCIAL REGISTRY OF THE STATE OF S&#195;O PAULO.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>I hereby certify Registration under no. 446.112/13-6, of November 19, 2013. GISELA SIMIEMA CESCHIN, Secretary General.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif></FONT>&nbsp;</P>

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<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;November 27, 2013</FONT></DIV>

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<DIV align=center>

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

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   <TD vAlign=top align=left><FONT color=#000000 size=2 face="Times New Roman">By:</FONT></TD>

   <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;

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</TD>

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   <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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`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
