<SEC-DOCUMENT>0001292814-14-002129.txt : 20140909
<SEC-HEADER>0001292814-14-002129.hdr.sgml : 20140909
<ACCEPTANCE-DATETIME>20140909155314
ACCESSION NUMBER:		0001292814-14-002129
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140630
FILED AS OF DATE:		20140909
DATE AS OF CHANGE:		20140909

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:		141093347

	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>sbsitr2q14_6k.htm
<DESCRIPTION>ITR 2Q14
<TEXT>

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   <TITLE>sbsitr2q14_6k.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<DIV>&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>&nbsp;</DIV>

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<DIV>&nbsp;</DIV>

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

<DIV>&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>&nbsp;</DIV>

<DIV align=center>

<DIV><FONT color=#000000 size=2 face="Times New Roman"><B>For&nbsp;September&nbsp;9, 2014</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>&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>&nbsp;</DIV>

<DIV align=center>&nbsp;</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>&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>&nbsp;</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>&nbsp;</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="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -17.05pt; MARGIN: 0cm 0pt 0pt 17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; HEIGHT: 32.75pt; PADDING-TOP: 0cm" vAlign=top width="13%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif></FONT></B>&nbsp;</P>

<H1 style="PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Table of Contents</FONT></B></H1>

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   <TD style="BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; BORDER-TOP: #bfbfbf 1pt solid; PADDING-TOP: 0cm" width="88%">

   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 150%"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Company Information</FONT></B></FONT></P></TD>

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

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

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   <TD style="BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="88%">

   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Capital Breakdown</FONT></FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>1</FONT></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Cash Proceeds</FONT></FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>2</FONT></FONT></P></TD></TR>

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   <TD style="BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; PADDING-TOP: 0cm" width="88%">

   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 150%"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Parent Company&#8217;s Financial Statements </FONT></B></FONT></P></TD>

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

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

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Statement of Financial Position &#8211; Assets</FONT></FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>3</FONT></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Statement of Financial Position &#8211; Liabilities</FONT></FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>4</FONT></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Statement of Income</FONT></FONT></P></TD>

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Statement of Comprehensive Income</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>8</FONT></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Statement of Cash Flows</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>9</FONT></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 150%"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Statement of Changes in Equity</FONT></B></FONT></P></TD>

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

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt 1cm"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>1/1/2014 to 6/30/2014</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>11</FONT></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt 1cm"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>1/1/2013 to 6/30/2013</FONT></FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>12</FONT></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Statement of Value Added</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>13</FONT></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Comments on the Company&#8217;s Performance</FONT></FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>14</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 18.2pt">

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Notes to the Financial Statements</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 18.2pt; PADDING-TOP: 0cm" width="12%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>22</FONT></FONT></P></TD></TR>

<TR>

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Comments on the Company&#8217;s Projections</FONT></FONT></P></TD>

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

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>74</FONT></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Other Information Deemed as Relevant by the Company</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>75</FONT></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 150%"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Reports and Statements</FONT></B></FONT></P></TD>

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   <P style="LINE-HEIGHT: 150%; MARGIN: 0cm 0cm 0pt 13.5pt"><FONT style="LINE-HEIGHT: 150%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Unqualified Report on Special Review</FONT></FONT></P></TD>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="13%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Company Information / Capital Breakdown</FONT></B></P>

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<TR style="HEIGHT: 14.2pt">

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   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Number of Shares</FONT></B></P>

   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(Units)</FONT></B></P></TD>

   <TD style="HEIGHT: 14.2pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 3pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Current Quarter</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 3pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6/30/2014</FONT></B></P></TD>

   <TD style="HEIGHT: 14.2pt; BACKGROUND: #bfbfbf; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">

   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="34%">

   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Paid-in Capital</FONT></B></P></TD>

   <TD style="HEIGHT: 14.2pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 3pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">

   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="34%">

   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Common</FONT></B></P></TD>

   <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>683,509,869</FONT></P></TD>

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   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Preferred</FONT></B></P></TD>

   <TD style="HEIGHT: 14.2pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>0</FONT></P></TD>

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   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Total</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>683,509,869</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt; BACKGROUND: #f2f2f2; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">

   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Treasury Shares</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt; BACKGROUND: #d9d9d9; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">

   <P style="MARGIN: 6pt 0cm 3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="34%">

   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Common</FONT></B></P></TD>

   <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">

   <P style="MARGIN: 6pt 0cm 3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Preferred</FONT></B></P></TD>

   <TD style="HEIGHT: 14.2pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt; BORDER-BOTTOM: #bfbfbf 1pt dashed; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=bottom width="33%">

   <P style="MARGIN: 6pt 0cm 3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 6pt 0cm 3pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Total</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 3pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>0</FONT></P></TD>

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   <P style="MARGIN: 6pt 0cm 3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>1</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P></TD>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Company Information / Cash Proceeds</FONT></B></P>

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   <P style="MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Event</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%" align=right><FONT style="LINE-HEIGHT: 150%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Approval</FONT></B></FONT></P></TD>

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   <P style="MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Proceeds</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%" align=right><FONT style="LINE-HEIGHT: 150%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Date of Payment</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Type of Share</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%" align=right><FONT style="LINE-HEIGHT: 150%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Class of Share</FONT></B></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%" align=right><FONT style="LINE-HEIGHT: 150%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Earnings per Share</FONT></B></FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%" align=right><FONT style="LINE-HEIGHT: 150%"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(Reais / Share)</FONT></B></FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Board of Directors&#8217; Meeting</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: #a6a6a6 1pt dashed" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%" align=right><FONT style="LINE-HEIGHT: 150%"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>3/27/2014</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: #a6a6a6 1pt dashed" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Interest on Shareholders&#8217; Equity</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: #a6a6a6 1pt dashed" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%" align=right><FONT style="LINE-HEIGHT: 150%"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6/27/2014</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: #a6a6a6 1pt dashed" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Common</FONT></FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: #a6a6a6 1pt dashed" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%" align=right><FONT style="LINE-HEIGHT: 150%"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: #a6a6a6 1pt dashed" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.25pt 0pt 0cm; LINE-HEIGHT: 150%" align=right><FONT style="LINE-HEIGHT: 150%"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>0.78633</FONT></FONT></P></TD></TR></TABLE></DIV>

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

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,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;&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,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;&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<a name="_bclFooter3"></a><DIV>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>2</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

<DIV align=left>

<TABLE style="BORDER-COLLAPSE: collapse; LINE-HEIGHT: 115%; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 32.75pt; PAGE-BREAK-INSIDE: avoid">

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="86%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></FONT></P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="14%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Parent Company&#8217;s Financial Statements/Statement of Financial Position - Assets</FONT></B></P>

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

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

<DIV align=left>

<TABLE style="BORDER-COLLAPSE: collapse" cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="100%" colSpan=4>

   <P style="MARGIN: 0cm 1.8pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(R$ thousand)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 1.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Code</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 1.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Description</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Current Quarter</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6/30/2014</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Previous Year</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>12/31/2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Total Assets</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>28,983,259</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>28,274,294</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Current Assets</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,314,589</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,254,087</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.01.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Cash and Cash Equivalents</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,823,711</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,782,001</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.01.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Accounts Receivable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,218,897</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,254,908</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.01.03.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Trade Accounts Receivable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,095,827</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,120,053</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.01.03.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Accounts Receivable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>123,070</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>134,855</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.01.03.02.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Balances with Related Parties</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>123,070</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>134,855</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.01.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Inventories</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>58,394</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>58,401</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.01.06</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Recoverable Taxes</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>88,927</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>87,405</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.01.06.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Current Recoverable Taxes</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>88,927</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>87,405</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.01.08</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Current Assets</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>124,660</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>71,372</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.01.08.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>124,660</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>71,372</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.01.08.03.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Restricted Cash</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>20,463</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>10,333</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.01.08.03.20 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Accounts Receivable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>104,197</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>61,039</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Noncurrent Assets</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>25,668,940</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>25,020,207</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Long-Term Assets</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>683,423</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>896,781</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.01.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Accounts Receivable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>185,509</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>395,512</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.01.03.01 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Trade Accounts Receivable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>185,509</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>395,512</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.01.06</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Deferred Taxes</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>143,440</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>114,030</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.01.06.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Deferred Income Tax and Social Contribution</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>143,440</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>114,030</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.01.08</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Receivables from Related Parties</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>110,881</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>130,457</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.01.08.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Receivables from Controlling Shareholders</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>110,881</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>130,457</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.01.09</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Noncurrent Assets</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>243,593</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>256,782</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.01.09.04 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Escrow Deposits</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>45,673</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>54,827</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.01.09.05 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>ANA &#8211; National Water Agency</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>120,204</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>107,003</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.01.09.20 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Accounts Receivable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>77,716</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>94,952</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Investments</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>77,397</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>77,699</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.02.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Shareholdings</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>23,358</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>23,660</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.02.01.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Shareholdings</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>23,358</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>23,660</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.02.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Investment Properties</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>54,039</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>54,039</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Property, Plant and Equipment</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>277,175</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>199,496</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Intangible Assets</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>24,630,945</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>23,846,231</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.04.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Intangible Assets</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>24,630,945</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>23,846,231</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.04.01.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Concession Contracts</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>8,226,241</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>8,265,936</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.04.01.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Program Contracts</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,904,356</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,281,887</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.04.01.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Service Contracts</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>10,270,155</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>10,124,603</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1.02.04.01.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 1.8pt 0pt 2.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Software License</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>230,193</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.05pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>173,805</FONT></P></TD></TR></TABLE></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

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   <P style="MARGIN: 0cm 6.8pt 0pt 2.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(R$ thousand)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 2.8pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Code</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 2.8pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Description</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Current Quarter</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6/30/2014</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Previous Year</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>12/31/2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Total Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>28,983,529</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>28,274,294</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Current Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,452,310</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,972,381</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Labor and Pension Plan Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>350,270</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>314,926</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.01.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Pension Plan Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>23,256</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>36,151</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.01.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Labor Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>327,014</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>278,775</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Trade Accounts Payable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>249,768</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>275,051</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.02.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Domestic Suppliers</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>249,768</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>275,051</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Tax Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>53,288</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>115,382</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.03.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Federal Tax Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>45,806</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>108,604</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.03.01.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>PIS-PASEP and COFINS (taxes on revenue) Payable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>21,797</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.03.01.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>INSS (social security contribution) Payable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>31,671</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>30,822</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.03.01.20</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Federal Taxes</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>14,135</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>55,985</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.03.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>State Tax Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>812</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.03.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Municipal Taxes Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,670</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,778</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Loans and Financing</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>637,898</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>640,940</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.04.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Loans and Financing</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>415,098</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>560,963</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.04.01.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>In Domestic Currency</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>209,268</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>344,983</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.04.01.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>In Foreign Currency</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>205,830</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>215,980</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.04.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Debentures</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>214,750</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>79,977</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.04.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Financing through finance lease</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>8,050</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.05</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>611,801</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>994,708</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.05.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Payables to Related Parties</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,395</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,791</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.05.01.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Payables to Controlling Shareholders</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,395</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,791</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.05.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>610,406</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>992,917</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.05.02.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Dividends and Interest on Equity Payable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>32,458</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>456,975</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.05.02.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Services Payable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>334,123</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>323,208</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.05.02.05</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Refundable Amounts</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>24,203</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>30,543</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.05.02.06</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Program Contract Commitments</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>128,505</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>77,360</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.05.02.07</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Private Public Partnership &#8211; PPP</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>21,043</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>20,241</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.05.02.09</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Indemnities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,766</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,895</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.05.02.20</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Payables</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>63,308</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>77,695</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.06</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>549,285</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>631,374</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.06.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Tax, Social Security, Labor and Civil Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>78,637</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>107,554</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.06.01.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Tax Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,422</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,824</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.06.01.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Social Security and Labor Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>42,767</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>62,535</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.06.01.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Civil Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>29,448</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>38,195</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.06.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>470,648</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>523,820</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.06.02.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Provisions for Environmental </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>45,366</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>42,761</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.06.02.04 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Provisions for Customers</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>362,905</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>355,403</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.01.06.02.05 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Provisions for Suppliers</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>62,377</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>125,656</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Non-Current Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>12,863,272</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>12,371,112</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Loans and Financing</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>9,180,826</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>8,809,134</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.01.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="46%">

   <P style="MARGIN: 0cm 1.65pt 0pt 3.7pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Loans and Financing</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>4,876,235</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.8pt 0pt 2.1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>4,950,864</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>4</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></FONT></P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="14%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Parent Company&#8217;s Financial Statements/Statement of Financial Position &#8211; Liabilities</FONT></B></P>

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

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

<DIV align=left>

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="100%" colSpan=4>

   <P style="MARGIN: 0cm 4.15pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(R$ thousand)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 2.8pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Code</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.8pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Description</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Current Quarter</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6/30/2014</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Previous Year</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>12/31/2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.01.01.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>In Domestic Currency</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.35pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,488,408</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,468,291</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.01.01.02 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>In Foreign Currency</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.35pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,387,827</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,482,573</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.01.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Debentures</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.35pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,878,397</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,475,778</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.01.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Financing through finance lease</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>426,194</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>382,492</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Payables</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,079,480</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,012,970</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.02.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,079,480</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,012,970</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.02.02.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Pension Plan Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,392,839</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,327,016</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.02.02.05</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Program Contract Commitments</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>82,674</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>88,678</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.02.02.06</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Private Public Partnership &#8211; PPP</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>319,263</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>322,267</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.02.02.07</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Indemnities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,520</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,439</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.02.02.08</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Labor Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>18,758</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>15,704</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.02.02.09</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Deferred COFINS and PASEP</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>131,412</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>129,849</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.02.02.20 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Payables</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>128,014</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>123,017</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>602,966</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>549,008</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.04.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Tax, Pension Plan, Labor and Civil Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>241,199</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>222,030</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.04.01.01 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Tax Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>46,851</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>50,869</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.04.01.02 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Pension Plan and Labor Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>123,533</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>91,911</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.04.01.04 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Civil Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>70,815</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>79,250</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.04.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>361,767</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>326,978</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.04.02.03 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Provisions for Environmental</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>170,859</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>139,928</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.04.02.04 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Provisions for Customers</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>180,397</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>156,212</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.02.04.02.05 </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Provisions for Suppliers</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>10,511</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>30,838</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Equity</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>13,667,947</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>12,930,801</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.03.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Paid-Up Capital </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>10,000,000</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,203,688</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.03.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Capital Reserves</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>124,255</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.03.02.07</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Projects Support</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>108,475</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.03.02.08</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Incentive Reserves</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>15,780</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.03.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Profit Reserve</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,021,470</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,736,389</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.03.04.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Legal Reserve</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>712,992</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>712,992</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.03.04.08</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Additional Dividend Proposed</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>42,862</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.03.04.10</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Reserve for Investments</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,308,478</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,980,535</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.03.05</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Retained Earnings/Accumulated Losses</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>780,008</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>2.03.06</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 4.95pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Comprehensive Income</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-133,531</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.3pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-133,531</FONT></P></TD></TR></TABLE><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>5</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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<TR style="HEIGHT: 32.75pt; PAGE-BREAK-INSIDE: avoid">

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></FONT></P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="14%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

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

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Parent Company&#8217;s Financial Statements/Statement of Income</FONT></B></P>

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

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

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



<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" width="100%" colSpan=6>

   <P style="MARGIN: 0cm 3.65pt 0pt 3.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(R$ thousand)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: black 1pt solid" width="7%">

   <P style="MARGIN: 0cm 8.1pt 0pt 3.75pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Code</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: black 1pt solid" width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Description</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: black 1pt solid" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Current Quarter</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 13.75pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>4/1/2014 to 6/30/2014</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: black 1pt solid" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>YTD Current Year </FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 13.75pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1/1/2014 to 6/30/2014</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: black 1pt solid" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Same Quarter </FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Previous Year</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 13.75pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>4/1/2013 to 6/30/2013</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: black 1pt solid" width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>YTD Previous Year </FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1/1/2013 to 6/30/2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Revenue from Sales and/or Services</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,754,153</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,546,083</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,796,278</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,441,322</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cost of Sales and/or Services</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,830,133</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-3,508,850</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,731,945</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-3,268,811</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.02.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Cost of Sales and/or Services</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,165,916</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-2,324,161</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,088,716</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-2,139,620</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.02.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Construction Cost</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-664,217</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,184,689</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-643,229</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,129,191</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.03</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Gross Profit</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>924,020</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,037,233</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,064,333</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,172,511</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.04</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Operating Income/Expenses</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-479,678</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-880,386</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-348,169</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-721,204</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.04.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Selling Expenses</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-215,232</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-371,829</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-164,722</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-306,005</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.04.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>General and Administrative Expenses</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-269,704</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-470,378</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-184,843</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-425,280</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.04.04</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other Operating Income</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>21,638</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>38,145</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>13,581</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>24,218</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.04.04.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other Operating Income</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>25,091</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>42,905</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>15,289</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>27,018</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.04.04.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>COFINS and PASEP</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-3,453</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-4,760</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,708</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-2,800</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.04.05</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other Operating Expenses</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-16,429</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-76,005</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-12,074</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-13,876</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.04.05.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Loss on Write-off of Property, Plant and Equipment Items</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-6,445</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-52,092</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-3,768</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-5,433</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.04.05.03</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Tax Incentives</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-7,702</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-8,567</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-8,151</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-8,286</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.04.05.06</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" color=#231f20 face=arial,sans-serif>Provision for losses - Diadema and Saned</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,967</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-14,967</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.04.05.20</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-315</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-379</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-155</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-157</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.04.06</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Equity in the Earnings (Losses) of Subsidiaries</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>49</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-319</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-111</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-261</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.05</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Income Before Financial Result and Taxes</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>444,342</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,156,847</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>716,164</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,451,307</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.06</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Financial Result</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-21,577</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,942</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-207,256</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-179,948</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.06.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance Income</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>84,607</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>181,115</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>101,290</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>194,657</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.06.01.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance Income</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>84,875</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>181,727</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>101,040</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>194,442</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.06.01.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Foreign Exchange Gains </FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-268</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-612</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>250</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>215</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.06.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance Expenses</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-106,184</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-175,173</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-308,546</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-374,605</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.06.02.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Finance Expenses</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-190,409</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-376,407</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-106,863</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-302,524</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.06.02.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Foreign Exchange Losses</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>84,225</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>201,234</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-201,683</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-72,081</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.07</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Earnings Before Income Tax</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>422,765</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,162,789</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>508,908</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,271,359</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.08</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Income Tax and Social Contribution </FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-120,343</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-382,781</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-147,239</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-413,488</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.08.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Current</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-135,474</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-412,191</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-116,317</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 12.7pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-403,858</FONT></P></TD></TR></TABLE></DIV>

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 6pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif></FONT></B>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>6</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="86%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></FONT></P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="14%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

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

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Parent Company&#8217;s Financial Statements/Statement of Income</FONT></B></P>

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

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

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



<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" width="100%" colSpan=6>

   <P style="MARGIN: 0cm 3.65pt 0pt 6.3pt; TEXT-INDENT: -1.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(R$ thousand)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: black 1pt solid" width="7%">

   <P style="MARGIN: 0cm 8.1pt 0pt 3.75pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Code</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: black 1pt solid" width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Description</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: black 1pt solid" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Current Quarter</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>4/1/2014 to 6/30/2014</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: black 1pt solid" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>YTD Current Year </FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1/1/2014 to 6/30/2014</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: black 1pt solid" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Same Quarter Previous Year</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>4/1/2013 to 6/30/2013</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: black 1pt solid" width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>YTD Previous Year </FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1/1/2013 to 6/30/2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.08.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 8.55pt 0pt 8.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Deferred</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>15,131</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>29,410</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-30,922</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-9,630</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.09</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 8.55pt 0pt 8.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Net Result from Continued Operations</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>302,422</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>780,008</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>361,669</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>857,871</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.11</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 8.55pt 0pt 8.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Profit/Loss for the Period</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>302,422</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>780,008</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>361,669</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>857,871</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.99</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 8.55pt 0pt 8.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Earnings per Share - (Reais / Share)</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.99.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 8.55pt 0pt 8.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Basic Earnings per Share</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.99.01.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 8.55pt 0pt 8.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Common Share</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0.44246</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1.14118</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0.52914</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1.25510</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.99.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 8.55pt 0pt 8.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Diluted Earnings per Share</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 0cm 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3.99.02.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 8.55pt 0pt 8.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Common Share</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0.44246</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1.14118</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0.52914</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1.25510</FONT></P></TD></TR></TABLE></DIV>

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

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 6pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif></FONT></B>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></FONT></P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="14%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

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

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Parent Company&#8217;s Financial Statements / Statement of Comprehensive Income</FONT></B></P>

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

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

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   <P style="MARGIN: 0cm 3.65pt 0pt 6.3pt; TEXT-INDENT: -1.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>(R$ thousand)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid" width="7%">

   <P style="MARGIN: 0cm 8.1pt 0pt 3.75pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Code</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid" width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Description</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Current Quarter</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>4/1/2014 to 6/30/2014</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>YTD Current Year </FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1/1/2014 to 6/30/2014</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Same Quarter Previous Year</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>4/1/2013 to 6/30/2013</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid" width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>YTD Previous Year </FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 10.25pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1/1/2013 to 6/30/2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 8.1pt 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>4.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Net Income for the Period</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.1pt 0pt 7.2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>302,422</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.1pt 0pt 7.2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>780,008</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.1pt 0pt 7.2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>361,669</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.1pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>857,871</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="7%">

   <P style="MARGIN: 0cm 8.1pt 0pt 3.75pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>4.03</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="38%">

   <P style="MARGIN: 0cm 0cm 0pt 8.2pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>Comprehensive Income for the Period</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.1pt 0pt 7.2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>302,422</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.1pt 0pt 7.2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>780,008</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.1pt 0pt 7.2pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>361,669</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.1pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>857,871</FONT></P></TD></TR></TABLE></DIV>

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

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>8</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="86%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></FONT></P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="14%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT lang=PT-BR style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

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

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Parent Company&#8217;s Financial Statements/Statement of Cash Flows &#8211; Indirect Method</FONT></B></P>

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

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

<DIV align=left>

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



<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" width="100%" colSpan=4>

   <P style="MARGIN: 0cm 7.2pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(R$ thousand)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 1.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Code</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 1.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Description</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>YTD Current Year </FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1/1/2014 to 6/30/2014</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>YTD Previous Year</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1/1/2013 to 6/30/2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Net Cash from Operating Activities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,277,913</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,404,860</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Cash from Operations</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,991,784</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,169,418</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Profit Before Income Tax and Social Contribution</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,162,789</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,271,359</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Provision and Inflation Adjustments on Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>95,467</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>157,834</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Financial Charges from Customers</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-99,846</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-118,983</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.05</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Residual Value of Written-off Property, Plant and Equipment</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,801</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,433</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.06</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Depreciation and Amortization</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>482,852</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>391,924</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.07</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Interest on Loans and Financing Payable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>216,351</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>192,352</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.08</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Monetary and Foreign Exchange Variation on Loans and Financing</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-139,278</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>112,612</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.09</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Interest and Monetary Variation on Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>10,850</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>12,974</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.10</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Interest and Monetary Variation in Assets</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-5,626</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-8,736</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.11</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Allowance for Doubtful Accounts</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>76,328</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>56,239</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.12</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Provision for Consent Decree (TAC)</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>23,986</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>10,228</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.13</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Equity in the Earnings of Subsidiaries</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>319</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>261</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.14</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Provision for Sabesprev Mais</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,515</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>4,849</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.15</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Provisions/Reversals</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>50,292</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-21,512</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.16</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Transfer of Funds to S&#227;o Paulo Municipal Government</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-18,051</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-5,007</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.17</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Gross Margin over Intangible Assets Resulting from Concession Contracts</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-25,287</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-23,262</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.18</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Pension Plan Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>144,647</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>130,853</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.01.20</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Adjustments</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>10,675</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Changes in Assets and Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-18,549</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-191,964</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Trade Accounts Receivable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>262,977</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>68,869</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Balances and Transactions with Related Parties</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>30,566</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>19,758</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Inventories</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-256</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>455</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Recoverable Taxes</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-21,226</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.05</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Accounts Receivable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-39,123</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-17,310</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.06</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Escrow Deposits</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>10,345</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,203</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.08</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Contractors and Suppliers</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-18,357</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-22,834</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.09</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Payroll, Provisions and Social Contribution</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>7,843</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>45,087</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.10</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Pension Plan Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-78,824</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-70,413</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.11</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Taxes and Contributions Payable</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-87,530</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-66,150</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.12</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Services Received</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>28,966</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>15,619</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.13</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Liabilities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-13,121</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-12,732</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.14</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Provisions</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-123,598</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-136,371</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.02.15</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Deferred COFINS/PASEP</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,563</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>4,081</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="14%">

   <P style="MARGIN: 0cm 0.3pt 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="43%">

   <P style="MARGIN: 0cm 0.3pt 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-695,322</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.8pt 0pt 3.55pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-572,594</FONT></P></TD></TR></TABLE></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></FONT></P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="14%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT lang=PT-BR style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Parent Company&#8217;s Financial Statements/Statement of Cash Flows &#8211; Indirect Method</FONT></B></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 7pt" face=Arial,sans-serif></FONT></B>&nbsp;</P>

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

<DIV align=left>

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



<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" width="100%" colSpan=4>

   <P style="MARGIN: 0cm 7.2pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(R$ thousand)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 1.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Code</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 1.4pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Description</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>YTD Current Year </FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1/1/2014 to 6/30/2014</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid" width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>YTD Previous Year</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1/1/2013 to 6/30/2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.03.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Interest Paid</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-307,106</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-294,990</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.01.03.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Income Tax and Social Contribution Paid</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-388,216</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-277,604</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Net Cash from Investing Activities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,192,404</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-955,580</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.02.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Acquisition of Intangible Assets </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,130,122</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-999,765</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.02.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Acquisition of Property, Plant and Equipment </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-52,135</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-7,947</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.02.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Increase in Investments</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-17</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-357</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.02.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Restricted Cash</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-10,130</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>52,489</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Net Cash from Financing Activities</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-43,799</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-696,167</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.03.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Funding &#8211; Loans</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>795,911</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,262,709</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.03.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Amortization of Loans</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-326,390</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,409,371</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.03.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Payment of Interests on Equity</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-467,439</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-498,648</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.03.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Public-Private Partnership (PPP)</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-9,921</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-20,963</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.03.05</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Program Contract Commitments</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-35,960</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-29,894</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.05</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Increase (Decrease) in Cash and Cash Equivalents</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>41,710</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-246,887</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.05.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Opening Cash and Cash Equivalents</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,782,001</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,915,974</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="13%">

   <P style="MARGIN: 0cm 0cm 0pt 6.3pt; TEXT-INDENT: -5.85pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>6.05.02</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt 2.6pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Closing Cash and Cash Equivalents </FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,823,711</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.5pt 0pt 1.4pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,669,087</FONT></P></TD></TR></TABLE></DIV>

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

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>10</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="91%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="9%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Parent Company&#8217;s Financial Statements/Statement of Changes in Equity &#8211; 1/1/2014 to 6/30/2014</FONT></B></P>

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

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

<DIV align=left>

<TABLE style="BORDER-COLLAPSE: collapse; WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="100%" colSpan=8>

   <P style="MARGIN: 0cm 2.6pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(R$ thousand)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="5%">

   <P style="MARGIN: 0cm 3.6pt 0pt 2.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Code</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="25%">

   <P style="MARGIN: 0cm 0cm 0pt 2.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Description</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.35pt 0pt 7.9pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Paid-up Capital</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.35pt 0pt 7.2pt; TEXT-INDENT: 0.4pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Capital Reserves, Options Granted and Treasury Shares</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.35pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Profit Reserves</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.5pt 0pt 10.6pt; TEXT-INDENT: 0.2pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Retained Earnings/ Accumulated Losses</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.35pt 0pt 5.55pt; TEXT-INDENT: -0.2pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Other Comprehensive Income</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.6pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Total Equity</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="5%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt; TEXT-INDENT: -0.9pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>5.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="25%">

   <P style="MARGIN: 1.45pt 0pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Opening Balances</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>6,203,688</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>124,255</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>6,736,389</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>-133,531</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 43.05pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>12,930,801</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="5%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt; TEXT-INDENT: -0.9pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>5.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="25%">

   <P style="MARGIN: 1.45pt 0pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Restated Opening Balances</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>6,203,688</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>124,255</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>6,736,389</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>-133,531</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 43.05pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>12,930,801</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="5%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt; TEXT-INDENT: -0.9pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>5.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="25%">

   <P style="MARGIN: 1.45pt 0pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Capital Transactions with Shareholders</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>-42,862</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 43.05pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>-42,862</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="5%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt; TEXT-INDENT: -0.9pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>5.04.08</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="25%">

   <P style="MARGIN: 1.45pt 0pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Additional Dividends Approved</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>-42,862</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 43.05pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>-42,862</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="5%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt; TEXT-INDENT: -0.9pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>5.05</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="25%">

   <P style="MARGIN: 1.45pt 0pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Total Comprehensive Income</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>780,008</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>780,008</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="5%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt; TEXT-INDENT: -0.9pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>5.05.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="25%">

   <P style="MARGIN: 1.45pt 0pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Net Income for the Period</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>780,008</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>780,008</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="5%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt; TEXT-INDENT: -0.9pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>5.06</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="25%">

   <P style="MARGIN: 1.45pt 0pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Internal Changes in the Shareholders&#8217; Equity</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>3,796,312</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>-124,255</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>-3,672,057</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="5%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt; TEXT-INDENT: -0.9pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>5.06.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="25%">

   <P style="MARGIN: 1.45pt 0pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Capitalization of Reserves</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>3,796,312</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>-124,255</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>-3,672,057</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="5%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt; TEXT-INDENT: -0.9pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>5.07</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="25%">

   <P style="MARGIN: 1.45pt 0pt 0pt 2.7pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Arial,sans-serif>Closing Balances</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>10,000,000</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>3,021,470</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>780,008</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>-133,531</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="16%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 26.95pt" align=right><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=arial,sans-serif>13,667,947</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>11</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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<TR style="HEIGHT: 32.75pt; PAGE-BREAK-INSIDE: avoid">

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="86%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></FONT></P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="14%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Parent Company&#8217;s Financial Statements/Statement of Changes in Equity&#8211; 1/1/2013 to 6/30/2013</FONT></B></P>

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(R$ thousand)</FONT></B></P>

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



<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="6%">

   <P style="MARGIN: 0cm 3.6pt 0pt 2.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Code</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="26%">

   <P style="MARGIN: 0cm 0cm 0pt 2.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Description</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.35pt 0pt 7.9pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.35pt 0pt 7.9pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Paid-up Capital</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.35pt 0pt 7.2pt; TEXT-INDENT: 0.4pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Capital Reserves, Options Granted and Treasury Shares</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Profit Reserves</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 4.5pt 0pt 10.6pt; TEXT-INDENT: 0.2pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Retained Earnings/ Accumulated Losses</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.35pt 0pt 0.9pt; TEXT-INDENT: -0.2pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Comprehensive Income</FONT></B></P></TD>

   <TD style="HEIGHT: 12.75pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Total Equity</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="6%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>5.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Opening Balances</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,203,688</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>124,255</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,387,634</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-458,815</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>11,256,762</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="6%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>5.03</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Restated Opening Balances</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,203,688</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>124,255</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,387,634</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-458,815</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>11,256,762</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="6%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>5.04</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Capital Transactions with Shareholders</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-80,201</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-80,201</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="6%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>5.04.08</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Additional Dividends Approved</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-80,201</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-80,201</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="6%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>5.05</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Total Comprehensive Income</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>857,871</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>857,871</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="6%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>5.05.01</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Net Income for the Period</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>857,871</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>0</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>857,871</FONT></P></TD></TR>

<TR style="HEIGHT: 12.75pt">

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="6%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>5.07</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=top width="26%">

   <P style="MARGIN: 1.45pt 0pt 0pt 3.3pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Closing Balances</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>6,203,688</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>124,255</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,307,433</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>857,871</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt 0cm; TEXT-INDENT: 1pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-458,815</FONT></P></TD>

   <TD style="HEIGHT: 12.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>12,034,432</FONT></P></TD></TR></TABLE></DIV>

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

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

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>12</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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<TR style="HEIGHT: 32.75pt; PAGE-BREAK-INSIDE: avoid">

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></FONT></P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="14%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Parent Company&#8217;s Financial Statements/Statement of Value Added </FONT></B></P>

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

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

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<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="100%" colSpan=4>

   <P style="MARGIN: 0cm 7.2pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(R$ thousand)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 2.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Code</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 2.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Description</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>YTD Current Year </FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1/1/2014 to 6/30/2014</FONT></B></P></TD>

   <TD style="HEIGHT: 11.35pt; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>YTD Previous Year</FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 7.2pt 0pt" align=right><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>1/1/2013 to 6/30/2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Revenue</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,845,001</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>5,749,507</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.01.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Operating Revenue</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>4,668,448</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>4,626,275</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.01.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other Revenue</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>42,905</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>27,018</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.01.03</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Revenue from the Construction</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,209,976</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>1,152,453</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.01.04</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Allowance for/Reversal of Doubtful Accounts</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-76,328</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-56,239</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Inputs Acquired from Third Parties</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-2,566,871</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-2,278,969</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.02.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Costs of Sales and Services </FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-2,079,367</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-1,910,433</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.02.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Materials, Energy, Outsourced Services and Other</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-411,499</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-354,660</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.02.04</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Other</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-76,005</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-13,876</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.03</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Gross Value Added</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,278,130</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,470,538</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.04</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Retentions</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-482,852</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-391,924</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.04.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Depreciation, Amortization and Depletion</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-482,852</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-391,924</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.05</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Net Value Added Produced</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,795,278</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,078,614</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.06</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Value Added Received through Transfer</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>180,796</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>194,396</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.06.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Equity in the Earnings (Losses) of Subsidiaries</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-319</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>-261</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.06.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Finance Income</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>181,115</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>194,657</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.07</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Total Value Added to Distribute</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,976,074</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,273,010</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Value Added Distribution</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>2,976,074</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>3,273,010</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Personnel</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>959,765</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>862,952</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08.01.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Direct Compensation</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>631,107</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>580,793</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08.01.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Benefits</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>254,575</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>232,134</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08.01.03</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Government Severance Indemnity Fund for Employees (FGTS)</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>74,083</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>50,025</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Taxes and Contributions</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>948,275</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>976,961</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08.02.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Federal</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>897,965</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>919,473</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08.02.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>State</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>35,867</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>28,044</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08.02.03</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Municipal</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>14,443</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>29,444</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08.03</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Value Distributed to Providers of Capital</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>288,026</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>575,226</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08.03.01</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Interest</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>249,891</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>542,396</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08.03.02</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Rental</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>38,135</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>32,830</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08.04</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Value Distributed to Shareholders</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>780,008</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>857,871</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="12%">

   <P style="MARGIN: 0cm 0cm 0pt 3.15pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>7.08.04.03</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 3.5pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>Retained Earnings/Accumulated Loss for the Period</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="18%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>780,008</FONT></P></TD>

   <TD style="HEIGHT: 11.35pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.9pt 0pt 0cm" align=right><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>857,871</FONT></P></TD></TR></TABLE></DIV>

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

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

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,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;&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;&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;&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;&nbsp;&nbsp; </FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>1. Financial highlights</FONT></B></P>

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   <TD width="36%" align=left>&nbsp;</TD>

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   <TD width="16%" colSpan=2 align=right><B><I><FONT size=1 face=Arial-BoldItalicMT,Arial,Helvetica,sans-serif>R$ million</FONT></I></B></TD></TR>

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   <TD bgColor=#333399 width="36%" align=left>&nbsp;</TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13 </FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><STRONG><FONT color=#ffffff size=1 face=Arial>Chg. (R$)</FONT></STRONG>&nbsp;</TD>

   <TD style="TEXT-INDENT: 5.279pt" bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H14</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H13 </FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><STRONG><FONT color=#ffffff size=1 face=Arial>Chg. (R$)</FONT></STRONG>&nbsp;</TD>

   <TD style="TEXT-INDENT: 6.239pt" bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" bgColor=#eeece1 width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(+) Gross operating revenue</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>2,224.0</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>2,307.4</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(83.4)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(3.6)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>4,668.4</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>4,626.3</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>42.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>0.9</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(+) Construction revenue</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>678.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>656.9</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>21.8</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>3.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,210.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,152.4</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>57.6</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>5.0</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" bgColor=#eeece1 width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(-) COFINS and PASEP taxes</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>148.6</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>168.0</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(19.4)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(11.5)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>332.3</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>337.4</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(5.1)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(1.5)</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(=) Net operating revenue</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>2,754.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>2,796.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(42.2)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(1.5)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>5,546.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>5,441.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>104.8</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1.9</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" bgColor=#eeece1 width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(-) Costs and expenses</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,650.8</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,438.3</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>212.5</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>14.8</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>3,166.4</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>2,870.9</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>295.5</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>10.3</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(-) Cunstruction costs</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>664.2</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>643.2</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>21.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>3.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,184.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,129.2</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>55.5</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>4.9</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" bgColor=#eeece1 width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(+) Equity result</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(0.1)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>0.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(100.0)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(0.3)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(0.2)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(0.1)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>50.0</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(+) Other operating revenue/expenses, net</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>5.2</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1.5</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>3.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>246.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(37.8)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>10.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(48.1)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(467.0)</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" bgColor=#eeece1 width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(=) Earnings before financial result, income tax and social contribution</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>444.3</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>716.2</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(271.9)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(38.0)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,156.9</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,451.3</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(294.4)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(20.3)</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(+) Net financial</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(21.6)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(207.3)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>185.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(89.6)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>5.9</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(179.9)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>185.8</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(103.3)</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" bgColor=#eeece1 width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(=) Earnings before income tax and social contribution</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>422.7</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>508.9</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(86.2)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(16.9)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,162.8</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,271.4</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(108.6)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(8.5)</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(+) Income tax and social contribution</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(120.3)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(147.2)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>26.9</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(18.3)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(382.8)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(413.5)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>30.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(7.4)</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" bgColor=#eeece1 width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Net Income</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>302.4</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>361.7</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(59.3)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(16.4)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>780.0</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>857.9</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(77.9)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(9.1)</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #400080 1px solid; TEXT-INDENT: 1.559pt" width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Earnings per share* (R$)</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>0.44</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>0.53</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1.14</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1.26</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=left>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>* Total shares = 683,509,869</FONT></TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD></TR>

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   <TD width="100%" colSpan=9>&nbsp;</TD></TR>

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   <TD width="100%" colSpan=9>&nbsp;</TD></TR>

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   <TD width="52%" colSpan=3 align=left><B><FONT color=#000080 size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Adjusted EBITDA Reconciliation (Non-accounting measures)</FONT></B></TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="36%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="16%" colSpan=2 align=right><B><I><FONT size=1 face=Arial-BoldItalicMT,Arial,Helvetica,sans-serif>R$ million</FONT></I></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#333399 width="36%" align=left>&nbsp;</TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13 </FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><STRONG><FONT color=#ffffff size=1 face=Arial>Chg. (R$)</FONT></STRONG>&nbsp;</TD>

   <TD style="TEXT-INDENT: 5.279pt" bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H14</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H13 </FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><STRONG><FONT color=#ffffff size=1 face=Arial>Chg. (R$)</FONT></STRONG>&nbsp;</TD>

   <TD style="TEXT-INDENT: 6.239pt" bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 1.559pt" bgColor=#eeece1 width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Net income</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>302.4</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>361.7</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(59.3)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(16.4)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>780.0</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>857.9</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(77.9)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(9.1)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 1.559pt" width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(+) Income tax and social contribution</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>120.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>147.2</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(26.9)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(18.3)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>382.8</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>413.5</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(30.7)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(7.4)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 1.559pt" bgColor=#eeece1 width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(+) Net financial</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>21.6</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>207.3</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(185.7)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(89.6)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(5.9)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>179.9</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(185.8)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(103.3)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 1.559pt" width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(+) Other operating revenues/expenses, net</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(5.2)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(1.5)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(3.7)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>246.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>37.8</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(10.3)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>48.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(467.0)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 1.559pt" bgColor=#eeece1 width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(=) Earnings before financial result (EBIT)*</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>439.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>714.7</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(275.6)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(38.6)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,194.7</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,441.0</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(246.3)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(17.1)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 1.559pt" width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(+) Depreciation and amortization</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>222.6</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>196.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>25.9</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>13.2</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>482.9</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>391.9</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>91.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>23.2</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 1.559pt" bgColor=#eeece1 width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(=) Adjusted EBITDA **</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>661.7</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>911.4</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(249.7)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(27.4)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,677.6</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,832.9</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(155.3)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(8.5)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #400080 1px solid; TEXT-INDENT: 1.559pt" width="36%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>(%) Adjusted EBITDA margin</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>24.0</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>32.6</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>30.2</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>33.7</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="8%" align=left>&nbsp;</TD></TR></TABLE>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(*) Earnings before interest, income tax and social contribution.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(**) Adjusted EBITDA is net income before: (i) depreciation and amortization; (ii) income tax and social contribution; (iii) financial result; and (iv) other operating revenues/expenses, net.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>In 2Q14, net operating revenue reached R$ 2.8 billion; a 1.5% decrease compared to the same period of 2013.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Costs and expenses, including construction costs, totaled R$ 2.3 billion, up 11.2% on the R$ 2.1 billion recorded in 2Q13.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>EBIT, in the amount of R$ 439.1 million, dropped 38.6% from R$ 714.7 million in 2Q13. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Adjusted EBITDA, in the amount of R$ 661.7 million, dropped 27.4% from R$ 911.4 million in 2Q13 </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Arial,sans-serif>(R$ 1,677.6 million in the last 6 months and R$ 3,851.3 million in the last 12 months).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>The adjusted EBITDA margin was 24.0% in 2Q14, versus the 32.6% in 2Q13 (30.2% in the last 6 months and 33.7% in the last 12 months). Excluding construction revenues and construction costs, the adjusted EBITDA margin was 31.2% in 2Q14 (42.0% in 2Q13, 38.1% in the last 6 months and 42.6% in the last 12 months).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Net income totaled R$ 302.4 million, 16.4% lower than the R$ 361.7 million recorded in 2Q13.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=navy face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt" color=navy face=Arial,sans-serif>2. Gross operating revenue</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Gross operating revenue from water and sewage totaled R$ 2.2 billion, a drop of R$ 83.4 million or 3.6%, when compared to the R$ 2.3 billion recorded in 2Q13. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>The main factors that led to this variation were: </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Decrease of 1.8% in the Company&#8217;s total billed volume (2.8% in water and 0.6% in sewage); and</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></FONT></B></P>

   <P style="MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Comments on the Company&#8217;s Performance</FONT></B></FONT></FONT></B></P></TD>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Payment of bonus, within the scope of the </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Corporate Program for Water Loss Reduction, with an R$ 88.1 million impact.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Arial,sans-serif><BR>The decreases mentioned above were partially offset by the 3.1% tariff adjustment since December 2013.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>3. Construction revenue</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Arial,sans-serif>Construction revenue increased R$ 21.8 million or 3.3%, when compared to 2Q13. The variation was mainly due to higher investments in 2Q14. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=navy face=Arial,sans-serif><BR></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 14pt" color=navy face=Arial,sans-serif>4. Billed volume</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>The following tables show the water and sewage billed volume, quarter-on-quarter, and semester-on-semester, per customer category and region.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

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   <TD width="100%" colSpan=10 align=center><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>WATER AND SEWAGE BILLED VOLUME </FONT></B><B><SUP><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1) </FONT></SUP></B><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>PER CUSTOMER CATEGORY - million m</FONT></B><B><SUP><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>3</FONT></SUP></B></TD></TR>

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   <TD bgColor=#333399 width="28%" align=left>&nbsp;</TD>

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   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Water</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right>&nbsp;</TD>

   <TD bgColor=#333399 width="8%" align=right>&nbsp;</TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Sewage</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right>&nbsp;</TD>

   <TD bgColor=#333399 width="16%" colSpan=2 align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Water + Sewage</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#333399 width="28%" align=left><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Category</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD style="TEXT-INDENT: 9pt" bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD>

   <TD style="TEXT-INDENT: 8.88pt" bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD style="TEXT-INDENT: 7.44pt" bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13</FONT></B></TD>

   <TD style="TEXT-INDENT: 3.359pt" bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13</FONT></B></TD>

   <TD style="TEXT-INDENT: 3.479pt" bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Residential</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>382.0</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>383.6</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(0.4)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>319.2</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>318.7</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>0.2</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>701.2</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>702.3</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(0.2)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Commercial</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>42.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>43.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(2.3)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>40.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>40.8</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(1.2)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>83.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>84.5</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(1.8)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Industrial</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>9.9</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>9.7</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>2.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>10.9</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>11.7</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(6.8)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>20.8</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>21.4</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(2.8)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Public</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>13.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>14.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(5.7)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>10.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>10.9</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(5.5)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>23.6</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>25.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(5.6)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total retail</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>447.9</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>451.1</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(0.7)</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>380.7</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>382.1</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(0.4)</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>828.6</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>833.2</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(0.6)</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Wholesale</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>63.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>74.4</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(15.2)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>6.6</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>7.5</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(12.0)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>69.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>81.9</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(14.9)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>511.0</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>525.5</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(2.8)</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>387.3</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>389.6</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(0.6)</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>898.3</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>915.1</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1.8)</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#333399 width="28%" align=left>&nbsp;</TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H14</FONT></B></TD>

   <TD style="TEXT-INDENT: 9pt" bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H13</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD>

   <TD style="TEXT-INDENT: 8.88pt" bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H14</FONT></B></TD>

   <TD style="TEXT-INDENT: 7.44pt" bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H13</FONT></B></TD>

   <TD style="TEXT-INDENT: 3.359pt" bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H14</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H13</FONT></B></TD>

   <TD style="TEXT-INDENT: 3.479pt" bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Residential</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>792.6</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>772.6</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>2.6</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>659.5</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>639.9</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>3.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,452.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,412.5</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>2.8</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Commercial</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>87.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>86.8</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>82.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>80.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>2.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>170.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>167.5</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1.5</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Industrial</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>20.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>19.3</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>4.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>22.0</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>22.2</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(0.9)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>42.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>41.5</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1.4</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Public</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>27.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>26.9</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>0.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>20.9</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>21.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(0.9)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>48.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>48.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total retail</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>927.5</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>905.6</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2.4</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>784.7</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>763.9</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2.7</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,712.2</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,669.5</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2.6</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Wholesale</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>138.5</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>149.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(7.0)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>13.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>14.8</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(11.5)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>151.6</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>163.8</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(7.4)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,066.0</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,054.6</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1.1</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>797.8</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>778.7</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2.5</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,863.8</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,833.3</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1.7</FONT></B></TD></TR>

<TR>

   <TD width="100%" colSpan=10>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD width="100%" colSpan=10 align=center><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>WATER AND SEWAGE BILLED VOLUME </FONT></B><B><SUP><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1) </FONT></SUP></B><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>PER REGION - million m</FONT></B><B><SUP><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>3</FONT></SUP></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#333399 width="28%" align=left>&nbsp;</TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Water</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right>&nbsp;</TD>

   <TD bgColor=#333399 width="8%" align=right>&nbsp;</TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Sewage</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right>&nbsp;</TD>

   <TD bgColor=#333399 width="8%" align=right>&nbsp;</TD>

   <TD bgColor=#333399 width="16%" colSpan=2 align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Water + Sewage</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#333399 width="28%" align=left><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Region</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD style="TEXT-INDENT: 9pt" bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD>

   <TD style="TEXT-INDENT: 8.88pt" bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD style="TEXT-INDENT: 7.44pt" bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13</FONT></B></TD>

   <TD style="TEXT-INDENT: 3.359pt" bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13</FONT></B></TD>

   <TD style="TEXT-INDENT: 3.479pt" bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Metropolitan</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>292.8</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>298.8</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(2.0)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>251.2</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>255.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(1.5)</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>544.0</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>553.9</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(1.8)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Regional </FONT><SUP><FONT size=1 face=Arial,Helvetica,sans-serif>(2)</FONT></SUP></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>155.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>152.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1.8</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>129.5</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>127.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>2.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>284.6</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>279.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1.9</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total retail</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>447.9</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>451.1</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(0.7)</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>380.7</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>382.1</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(0.4)</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>828.6</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>833.2</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(0.6)</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Wholesale</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>63.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>74.4</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(15.2)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>6.6</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>7.5</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(12.0)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>69.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>81.9</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(14.9)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>511.0</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>525.5</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(2.8)</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>387.3</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>389.6</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(0.6)</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>898.3</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>915.1</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(1.8)</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#333399 width="28%" align=left>&nbsp;</TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H14</FONT></B></TD>

   <TD style="TEXT-INDENT: 9pt" bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H13</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD>

   <TD style="TEXT-INDENT: 8.88pt" bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H14</FONT></B></TD>

   <TD style="TEXT-INDENT: 7.44pt" bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H13</FONT></B></TD>

   <TD style="TEXT-INDENT: 3.359pt" bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H14</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H13</FONT></B></TD>

   <TD style="TEXT-INDENT: 3.479pt" bgColor=#333399 width="8%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Metropolitan</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>601.9</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>595.6</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>514.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>507.4</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1.3</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,116.0</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,103.0</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1.2</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Regional </FONT><SUP><FONT size=1 face=Arial,Helvetica,sans-serif>(2)</FONT></SUP></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>325.6</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>310.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>5.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>270.6</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>256.5</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>5.5</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>596.2</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>566.5</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>5.2</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total retail</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>927.5</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>905.6</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2.4</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>784.7</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>763.9</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2.7</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,712.2</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,669.5</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2.6</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD width="28%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Wholesale</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>138.5</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>149.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(7.0)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>13.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>14.8</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(11.5)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>151.6</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>163.8</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(7.4)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="28%" align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,066.0</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,054.6</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1.1</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>797.8</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>778.7</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2.5</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,863.8</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,833.3</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1.7</FONT></B></TD></TR></TABLE>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 21.55pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) Unaudited</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 21.55pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) Including coastal and interior region</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

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<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 21.55pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 21.55pt 0pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>5. Costs, administrative and selling expenses</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0cm"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>In 2Q14, costs, administrative and selling expenses, grew 11.2% (R$ 233.5 million). Excluding construction costs, total costs and expenses grew 14.8%. As a percentage of net revenue, cost and expenses was 84.1% in 2Q14 from 74.4% in 2Q13.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

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



<TR>

   <TD width="39%"></TD>

   <TD width="7%"></TD>

   <TD width="9%"></TD>

   <TD width="8%"></TD>

   <TD width="7%"></TD>

   <TD width="8%"></TD>

   <TD width="8%"></TD>

   <TD width="6%"></TD>

   <TD width="7%"></TD></TR>

<TR vAlign=bottom>

   <TD width="39%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="9%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="7%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="8%" align=left>&nbsp;</TD>

   <TD width="6%" align=left>&nbsp;</TD>

   <TD width="7%" align=right><B><I><FONT size=1 face=Arial-BoldItalicMT,Arial,Helvetica,sans-serif>R$ million</FONT></I></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#333399 width="39%" align=left>&nbsp;</TD>

   <TD bgColor=#333399 width="7%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD bgColor=#333399 width="9%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13 </FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><STRONG><FONT color=#ffffff size=1 face=Arial>Chg. (R$)</FONT></STRONG>&nbsp;</TD>

   <TD bgColor=#333399 width="7%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H14</FONT></B></TD>

   <TD bgColor=#333399 width="8%" align=right><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1H13 </FONT></B></TD>

   <TD bgColor=#333399 width="6%" align=right><STRONG><FONT color=#ffffff size=1 face=Arial>Chg. (R$)</FONT></STRONG>&nbsp;</TD>

   <TD style="TEXT-INDENT: 14.88pt" bgColor=#333399 width="7%" align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="39%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Payroll and benefits</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>551.4</FONT></TD>

   <TD bgColor=#eeece1 width="9%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>492.0</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>59.4</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>12.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,048.1</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>953.8</FONT></TD>

   <TD bgColor=#eeece1 width="6%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>94.3</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>9.9</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="39%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Supplies</FONT></TD>

   <TD width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>46.9</FONT></TD>

   <TD width="9%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>49.4</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(2.5)</FONT></TD>

   <TD style="TEXT-INDENT: 6pt" width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(5.1)</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>94.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>93.7</FONT></TD>

   <TD width="6%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>0.4</FONT></TD>

   <TD width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>0.4</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="39%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Treatment supplies</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>64.6</FONT></TD>

   <TD bgColor=#eeece1 width="9%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>55.2</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>9.4</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>17.0</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>134.3</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>120.0</FONT></TD>

   <TD bgColor=#eeece1 width="6%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>14.3</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>11.9</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="39%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Services</FONT></TD>

   <TD width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>351.6</FONT></TD>

   <TD width="9%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>295.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>56.5</FONT></TD>

   <TD width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>19.1</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>666.2</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>523.9</FONT></TD>

   <TD width="6%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>142.3</FONT></TD>

   <TD width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>27.2</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="39%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Electric power</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>144.5</FONT></TD>

   <TD bgColor=#eeece1 width="9%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>133.0</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>11.5</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>8.6</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>284.5</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>277.8</FONT></TD>

   <TD bgColor=#eeece1 width="6%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>6.7</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>2.4</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="39%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>General expenses</FONT></TD>

   <TD width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>190.0</FONT></TD>

   <TD width="9%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>186.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>3.7</FONT></TD>

   <TD width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>2.0</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>342.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>401.8</FONT></TD>

   <TD width="6%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(59.1)</FONT></TD>

   <TD width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(14.7)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="39%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Tax expenses</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>17.6</FONT></TD>

   <TD bgColor=#eeece1 width="9%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>11.8</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>5.8</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>49.2</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>37.3</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>51.8</FONT></TD>

   <TD bgColor=#eeece1 width="6%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(14.5)</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>(28.0)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="39%" align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Sub-total</FONT></B></TD>

   <TD width="7%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,366.6</FONT></B></TD>

   <TD width="9%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,222.8</FONT></B></TD>

   <TD width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>143.8</FONT></B></TD>

   <TD width="7%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>11.8</FONT></B></TD>

   <TD width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2,607.2</FONT></B></TD>

   <TD width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2,422.8</FONT></B></TD>

   <TD width="6%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>184.4</FONT></B></TD>

   <TD width="7%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>7.6</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="39%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Depreciation and amortziation</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>222.6</FONT></TD>

   <TD bgColor=#eeece1 width="9%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>196.7</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>25.9</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>13.2</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>482.9</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>391.9</FONT></TD>

   <TD bgColor=#eeece1 width="6%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>91.0</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>23.2</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="39%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Credit write-offs</FONT></TD>

   <TD width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>61.6</FONT></TD>

   <TD width="9%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>18.8</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>42.8</FONT></TD>

   <TD width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>227.7</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>76.3</FONT></TD>

   <TD width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>56.2</FONT></TD>

   <TD width="6%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>20.1</FONT></TD>

   <TD width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>35.8</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="39%" align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Sub-total</FONT></B></TD>

   <TD bgColor=#eeece1 width="7%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>284.2</FONT></B></TD>

   <TD bgColor=#eeece1 width="9%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>215.5</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>68.7</FONT></B></TD>

   <TD bgColor=#eeece1 width="7%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>31.9</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>559.2</FONT></B></TD>

   <TD bgColor=#eeece1 width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>448.1</FONT></B></TD>

   <TD bgColor=#eeece1 width="6%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>111.1</FONT></B></TD>

   <TD bgColor=#eeece1 width="7%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>24.8</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD width="39%" align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Costs and expenses</FONT></B></TD>

   <TD width="7%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,650.8</FONT></B></TD>

   <TD width="9%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,438.3</FONT></B></TD>

   <TD width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>212.5</FONT></B></TD>

   <TD width="7%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>14.8</FONT></B></TD>

   <TD width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>3,166.4</FONT></B></TD>

   <TD width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2,870.9</FONT></B></TD>

   <TD width="6%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>295.5</FONT></B></TD>

   <TD width="7%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>10.3</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="39%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Construction costs</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>664.2</FONT></TD>

   <TD bgColor=#eeece1 width="9%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>643.2</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>21.0</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>3.3</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,184.7</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,129.2</FONT></TD>

   <TD bgColor=#eeece1 width="6%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>55.5</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>4.9</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="39%" align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Costs, adm., selling and construction expenses</FONT></B></TD>

   <TD width="7%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2,315.0</FONT></B></TD>

   <TD width="9%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2,081.5</FONT></B></TD>

   <TD width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>233.5</FONT></B></TD>

   <TD width="7%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>11.2</FONT></B></TD>

   <TD width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>4,351.1</FONT></B></TD>

   <TD width="8%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>4,000.1</FONT></B></TD>

   <TD width="6%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>351.0</FONT></B></TD>

   <TD width="7%" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>8.8</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="39%" align=left><FONT size=1 face=Arial,Helvetica,sans-serif>% of net revenue</FONT></TD>

   <TD bgColor=#eeece1 width="7%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>84.1</FONT></TD>

   <TD bgColor=#eeece1 width="9%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>74.4</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right>&nbsp;</TD>

   <TD bgColor=#eeece1 width="7%" align=right>&nbsp;</TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>78.5</FONT></TD>

   <TD bgColor=#eeece1 width="8%" align=right><FONT size=1 face=Arial,Helvetica,sans-serif>73.5</FONT></TD>

   <TD bgColor=#eeece1 width="6%" align=right>&nbsp;</TD>

   <TD bgColor=#eeece1 width="7%" align=right>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>5.1. Payroll and benefits</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>In 2Q14 payroll and benefits grew R$ 59.4 million or 12.1%, from R$ 492.0 million to R$ 551.4 million, due to the following: </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>R$ 17.9 million increase in provisions, from the higher number of employees who are entitled to request retirement (TAC), in addition to the wage increase in the period;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>R$ 14.0 million increase due to the 8.0% increase in wages since May 2013 and the average wage increase of 6.80% since May 2014, in addition to the changes from the career and wage plan carried out by the Company; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>R$ 8.0 million upturn in the provision for the Pension Plan, arising from changes in actuarial assumptions; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>R$ 4.4 million increase in expenses related to the Profit Sharing Program, chiefly due to lower reversal of provision occurred in 2Q14, due to higher compliance with the targets estimated for the period, combined with adjustments made in the period; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>R$ 4.3 million increase in overtime pay, mainly due to wage adjustment in the period, and the higher number of hours exercised.</FONT></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>5.2. Supplies</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>In 2Q14, expenses with supplies decreased R$ 2.5 million or 5.1%, when compared to the same period of the previous year, from R$ 49.4 million to R$ 46.9 million, mostly due to:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>R$ 1.2 million decrease, basically due to space that has been adapted to develop Sabesp Information Integrated System (SiiS), in 2Q13; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Lower use of materials in preventive and corrective maintenance and in several water and sewage systems, thus, resulting in a reduction of R$ 0.8 million.</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></FONT></B></P>

   <P style="MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Comments on the Company&#8217;s Performance</FONT></B></FONT></FONT></B></P></TD>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>5.3. Treatment supplies</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Treatment supplies expenses in 2Q14 were R$ 9.4 million or 17.0% higher than in 2Q13, from R$ 55.2 million to R$ 64.6 million. The main factors for this variation were:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Increase in the consumption of activated carbon, in the amount of R$ 4.3 million, essentially in the Guarapiranga and Taia&#231;upeba Water Treatment Stations&nbsp; due to the proliferation of algae;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Use of chemical products since the second half of 2013, for the recovery of springs (mainly at the Guarapiranga System), in the amount of R$ 2.2 million;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Increase of R$ 1.5 million in the consumption of aluminum sulfate; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Application of calcium nitrate since January 2014 to control smell in several Sewage Treatment Stations, in the amount of R$ 0.9 million.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>5.4. Services</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Services, in the amount of R$ 351.6 million, grew R$ 56.5 million or 19.1%, in comparison to the R$ 295.1 million in 2Q13. The main factors were:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 6pt 21.3pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Advertising campaigns, in the amount of R$ 28.1 million,&nbsp; mainly due to the intensification of the rational use of water campaign;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 6pt 21.3pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Higher estimate of services expenses, in the amount of R$ 7.0 million, basically due to higher volume of advertising services in the period;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 6pt 21.3pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Expenses with risk contracts for credit recovery, in the amount of R$ 6.3 million; and </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0cm 6pt 21.3pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -21.3pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Hiring of services, in the amount of R$ 6.2 million, due to the beginning of operations in Diadema, in the amount of R$ 4.6 million.</FONT></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>5.5. Electric power</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>This item totaled R$ 144.5 million, an increase of R$ 11.5 million or 8.6% in comparison to the R$ 133.0 million in 2Q13, mainly due to the average increase of 14.0% in free market tariffs and of 6.2% in regulated market.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif><BR>5.6. General expenses</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Arial,sans-serif>General expenses grew R$ 3.7 million or 2.0%, totaling R$ 190.0 million, versus the R$ 186.3 million recorded in 2Q13, due to the following:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Increase in the provision for lawsuits in the amount of R$ 14.6 million, mainly related to civil (R$ 8.0 million) and labor (R$ 5.3 million) contingencies; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Decrease of R$ 10.5 million in provision related to the transfer to the </FONT><FONT lang=EN-US style="FONT-SIZE: 9.5pt; TEXT-AUTOSPACE: ideograph-numeric" face=39zktuborflipqg>Municipal Fund for Environmental Sanitation and Infrastructure</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>, as a result of the decrease in revenues in the municipality of S&#227;o Paulo.</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>5.7. Tax expenses</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>In 2Q14, there was an increase of R$ 5.8 million or 49.2%, due to increased tax expenses in 2Q14. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>5.8. Depreciation and amortization</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Depreciation and amortization increased R$ 25.9 million or 13.2%, from the R$ 196.7 million recorded in 2Q13, totaling R$ 222.6 million, due to the beginning of operations of intangible assets, in the amount of R$ 2.0 billion.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>5.9. Credit write-offs</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Credit write-offs grew R$ 42.8 million, to R$ 61.6 million in 2Q14, chiefly due to the higher provision of losses with allowance for doubtful accounts.</FONT></P>

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

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>6. Other operating revenues and expenses, net</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>6.1. Other operating revenues, net</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Recorded an R$ 8.1 million increase, mainly due to fine applied to suppliers and third parties.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>6.2. Other operating expenses</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Arial,sans-serif>R$ 4.3 million increase in other operating expenses due to:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Provision for the write-off of hydrometers in the amount of R$ 5.6 million; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Losses regarding </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>contractual payments related to the agreement with the municipality of Diadema</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>, in the amount of R$ 2.0 million.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>The increases mentioned above were partially offset by the R$ 3.4 million drop in the write-off of studies and projects.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Arial,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;&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>7. Net financial</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt">&nbsp;</P>

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



<TR>

   <TD width="60%"></TD>

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

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

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

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

<TR vAlign=bottom>

   <TD width="60%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=right><B><I><FONT size=1 face=Arial-BoldItalicMT,Arial,Helvetica,sans-serif>R$ million</FONT></I></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#333399 width="60%" align=left>&nbsp;</TD>

   <TD bgColor=#333399 width="10%" align=right><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD bgColor=#333399 width="10%" align=right><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13</FONT></B></TD>

   <TD bgColor=#333399 width="10%" align=right><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Chg.</FONT></B></TD>

   <TD style="TEXT-INDENT: 16.08pt" bgColor=#333399 width="10%" align=center><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="60%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Financial expenses, net of revenues</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(74.4)</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(11.5)</FONT></TD>

   <TD style="TEXT-INDENT: 3.72pt" bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(62.9)</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>547.0</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="60%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Net monetary and exchange variation</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>52.8</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(195.8)</FONT></TD>

   <TD style="TEXT-INDENT: 1.44pt" width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>248.6</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(127.0)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 width="60%" align=left><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Net financial</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(21.6)</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(207.3)</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid; TEXT-INDENT: 1.44pt" bgColor=#eeece1 width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>185.7</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(89.6)</FONT></B></TD></TR></TABLE>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif></FONT></B>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>18</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></FONT></B></P>

   <P style="MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Comments on the Company&#8217;s Performance</FONT></B></FONT></FONT></B></P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="9%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>7.1. Financial revenues and expenses </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,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;&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;&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;&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;&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;&nbsp;&nbsp; </FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

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



<TR>

   <TD width="60%"></TD>

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

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

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

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

<TR vAlign=bottom>

   <TD width="60%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=right><B><I><FONT size=1 face=Arial-BoldItalicMT,Arial,Helvetica,sans-serif>R$ million</FONT></I></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#333399 width="60%" align=left>&nbsp;</TD>

   <TD bgColor=#333399 width="10%" align=right><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD bgColor=#333399 width="10%" align=right><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13</FONT></B></TD>

   <TD bgColor=#333399 width="10%" align=right><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Chg.</FONT></B></TD>

   <TD style="TEXT-INDENT: 16.08pt" bgColor=#333399 width="10%" align=center><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="60%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Financial expenses</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right>&nbsp;</TD>

   <TD bgColor=#eeece1 width="10%" align=right>&nbsp;</TD>

   <TD bgColor=#eeece1 width="10%" align=right>&nbsp;</TD>

   <TD bgColor=#eeece1 width="10%" align=right>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.743pt" width="60%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Interest and charges on international loans and financing</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(23.1)</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(22.1)</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(1.0)</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>4.5</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.743pt" bgColor=#eeece1 width="60%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Interest and charges on domestic loans and financing</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(79.9)</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(64.9)</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(15.0)</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>23.1</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.743pt" width="60%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Other financial expenses</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(45.3)</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(5.6)</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(39.7)</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>708.9</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="60%" align=left><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total financial expenses</FONT></B></TD>

   <TD bgColor=#eeece1 width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(148.3)</FONT></B></TD>

   <TD bgColor=#eeece1 width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(92.6)</FONT></B></TD>

   <TD bgColor=#eeece1 width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(55.7)</FONT></B></TD>

   <TD bgColor=#eeece1 width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>60.2</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD width="60%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Financial revenues</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>73.9</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>81.1</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(7.2)</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(8.9)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 width="60%" align=left><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Financial expenses net of revenues</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(74.4)</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(11.5)</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(62.9)</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>547.0</FONT></B></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"></P>

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

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>7.1.1. Financial expenses</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Financial expenses grew R$ 55.7 million or 60.2%. The main reasons were:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>R$ 39.7 million increase in other financial expenses, chiefly due to the favorable results of lawsuits in 2Q13, reducing interest expenses in that period, representing a variation of R$ 37.8 million; and </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>R$ 15.0 million increase in interest and charges on domestic loans and financing, due to the higher increase in the Interbank Deposit Certificate (CDI) in 2Q14 (10.8%), versus 2Q13 (7.7%).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>7.1.2. Financial revenues</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Financial revenues from interests dropped R$ 7.2 million or 8.9%, due to lower number of instalment agreements held in 2Q14.</FONT></P>

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

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>7.2. Monetary and exchange rate variation on assets and liabilities</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

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



<TR>

   <TD width="60%"></TD>

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

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

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

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

<TR vAlign=bottom>

   <TD width="60%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=left>&nbsp;</TD>

   <TD width="10%" align=right><B><I><FONT size=1 face=Arial-BoldItalicMT,Arial,Helvetica,sans-serif>R$ million</FONT></I></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#333399 width="60%" align=left>&nbsp;</TD>

   <TD bgColor=#333399 width="10%" align=right><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD bgColor=#333399 width="10%" align=right><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13</FONT></B></TD>

   <TD bgColor=#333399 width="10%" align=right><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Chg.</FONT></B></TD>

   <TD style="TEXT-INDENT: 16.08pt" bgColor=#333399 width="10%" align=center><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="60%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Exchange rate variation on loans and financing</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>84.2</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(201.7)</FONT></TD>

   <TD style="TEXT-INDENT: 1.44pt" bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>285.9</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(141.7)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="60%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Monetary variation on loans and financing</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(28.9)</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(16.4)</FONT></TD>

   <TD style="TEXT-INDENT: 3.72pt" width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(12.5)</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>76.2</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="60%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Other monetary variations</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(13.1)</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>2.1</FONT></TD>

   <TD style="TEXT-INDENT: 3.72pt" bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(15.2)</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(723.8)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="60%" align=left><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Monetary/exchange rate variation on liabilities</FONT></B></TD>

   <TD width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>42.2</FONT></B></TD>

   <TD width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(215.9)</FONT></B></TD>

   <TD style="TEXT-INDENT: 1.44pt" width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>258.1</FONT></B></TD>

   <TD width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(119.5)</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 width="60%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Monetary/exchange rate variation on assets</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>10.6</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>20.1</FONT></TD>

   <TD style="TEXT-INDENT: 8.76pt" bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(9.5)</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>(47.3)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="60%" align=left><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Monetary/exchange rate variation, net</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>52.8</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(195.8)</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid; TEXT-INDENT: 1.44pt" width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>248.6</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" width="10%" align=right><B><FONT size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(127.0)</FONT></B></TD></TR></TABLE>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>7.2.1. Monetary/exchange rate variation on liabilities</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>The effect on the monetary/currency exchange variation on liabilities in 2Q14 was R$ 258.1 million, lower than in 2Q13, especially due to:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Revenue of exchange rate variation in the amount of R$ 84.2 million in 2Q14, mainly deriving from the depreciation of the US Dollar and Japanese Yen versus Brazilian Real (2.7% and </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>1.0%, respectively), versus an expense of exchange rate variation of R$ 201.7 million in 2Q13, deriving from the appreciation of both currencies (10.0% and 4.3%, respectively);</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>19</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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<TR style="HEIGHT: 32.75pt; PAGE-BREAK-INSIDE: avoid">

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></FONT></B></P>

   <P style="MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Comments on the Company&#8217;s Performance</FONT></B></FONT></FONT></B></P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="9%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>




<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>R$ 12.5 million increase in monetary variation expenses over domestic loans and financing, mainly due to the higher variation of the IPCA rate in 2Q14 (2.06%), versus a 1.4% variation recorded in 2Q13. This increase is also a result of the higher amount of debt indexed to the IPCA rate, due to the 18<SUP>th</SUP> debenture issuance, in December 2013; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt 18pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -18pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=symbol>&#183;</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>R$ 15.2 million increase in other monetary variation due to the greater need of provision for lawsuits, in the amount of R$12.6 million.</FONT></P>

<P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif><BR></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>8. Income tax and social contribution</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Income tax and social contribution expenses decreased by R$ 26.9 million, due to the drop in taxable income in the period.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>9. Indicators</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 4pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif><BR><BR></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>9.1. Operating</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>Non-revenue water loss (IPF) and micro-measured water loss (IPM) continued to decline, reaching 23.8% and 30.8%, respectively, in 2Q14. This reduction was expected as a result of investments in the&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; BACKGROUND: white; TEXT-AUTOSPACE: ideograph-numeric" color=#212121 face=Arial,sans-serif>Corporate Program for Water Loss Reduction&#8203;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif>. Produced volume fell by 5.6% in 2Q14, thanks to the&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; BACKGROUND: white; TEXT-AUTOSPACE: ideograph-numeric" color=#212121 face=Arial,sans-serif>Corporate Program for Water Loss Reduction&#8203;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=black face=Arial,sans-serif> that covers the entire S&#227;o Paulo Metropolitan Region.</FONT></P>

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

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

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



<TR>

   <TD width="70%"></TD>

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

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

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   <TD bgColor=#333399 width="70%" align=left><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Operating indicators </FONT></B><B><FONT color=#ffffff size=3 face=Arial-BoldMT,Arial,Helvetica,sans-serif>*</FONT></B></TD>

   <TD bgColor=#333399 width="10%" align=right><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD bgColor=#333399 width="10%" align=right><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13</FONT></B></TD>

   <TD bgColor=#333399 width="10%" align=center><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>%</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 2.997pt" bgColor=#eeece1 width="70%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Water connections </FONT><SUP><FONT size=2 face=Arial,Helvetica,sans-serif>(1)</FONT></SUP></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>8,100</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>7,778</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=center><FONT size=2 face=Arial,Helvetica,sans-serif>4.1</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 2.997pt" width="70%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Sewage connections </FONT><SUP><FONT size=2 face=Arial,Helvetica,sans-serif>(1)</FONT></SUP></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>6,542</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>6,223</FONT></TD>

   <TD width="10%" align=center><FONT size=2 face=Arial,Helvetica,sans-serif>5.1</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 2.997pt" bgColor=#eeece1 width="70%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Population directly served - water </FONT><SUP><FONT size=2 face=Arial,Helvetica,sans-serif>(2)</FONT></SUP></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>25.1</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>24.4</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=center><FONT size=2 face=Arial,Helvetica,sans-serif>2.9</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 2.997pt" width="70%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Population directly served - sewage </FONT><SUP><FONT size=2 face=Arial,Helvetica,sans-serif>(2)</FONT></SUP></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>22.1</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>21.2</FONT></TD>

   <TD width="10%" align=center><FONT size=2 face=Arial,Helvetica,sans-serif>4.2</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 2.997pt" bgColor=#eeece1 width="70%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Number of employees</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>14,799</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>15,124</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=center><FONT size=2 face=Arial,Helvetica,sans-serif>(2.1)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 2.997pt" width="70%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Water volume produced in the quarter</FONT><SUP><FONT size=2 face=Arial,Helvetica,sans-serif>(3)</FONT></SUP></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>710</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>752</FONT></TD>

   <TD width="10%" align=center><FONT size=2 face=Arial,Helvetica,sans-serif>(5.6)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 2.997pt" bgColor=#eeece1 width="70%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Water volume produced in the semester</FONT><SUP><FONT size=2 face=Arial,Helvetica,sans-serif>(3)</FONT></SUP></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>1,488</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>1,514</FONT></TD>

   <TD bgColor=#eeece1 width="10%" align=center><FONT size=2 face=Arial,Helvetica,sans-serif>(1.7)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 2.997pt" width="70%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>IPF - Non-revenue water loss (%)</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>23.8</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>25.3</FONT></TD>

   <TD width="10%" align=center><FONT size=2 face=Arial,Helvetica,sans-serif>(5.9)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #400080 1px solid; TEXT-INDENT: 2.997pt" bgColor=#eeece1 width="70%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>IPM - Micro-measured water loss (%)</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>30.8</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>31.6</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 width="10%" align=center><FONT size=2 face=Arial,Helvetica,sans-serif>(2.5)</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 49.65pt; TEXT-INDENT: -7.1pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-TRANSFORM: uppercase; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Total connections, active and inactive, in thousand units at the end of the period</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 49.65pt; TEXT-INDENT: -7.1pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>(2)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-TRANSFORM: uppercase; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>In million inhabitants, at the end of the period. Not including wholesale</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 49.65pt; TEXT-INDENT: -7.1pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>(3)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-TRANSFORM: uppercase; TEXT-AUTOSPACE: ideograph-numeric" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>In millions of cubic meters </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 49.65pt; TEXT-INDENT: -7.1pt"><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>(*)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Unaudited</FONT></P>

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

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

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>9.2. Financial</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center>&nbsp;</P>

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



<TR>

   <TD width="80%"></TD>

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

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

<TR vAlign=bottom>

   <TD bgColor=#333399 width="80%" align=left><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Economic Indexes </FONT></B><B><FONT color=#ffffff size=3 face=Arial-BoldMT,Arial,Helvetica,sans-serif>* </FONT></B><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>(quarter end)</FONT></B></TD>

   <TD bgColor=#333399 width="10%" align=right><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q14</FONT></B></TD>

   <TD bgColor=#333399 width="10%" align=right><B><FONT color=#ffffff size=2 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2Q13</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#f2f2f2 width="80%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Amplified Consumer Price Index (IPCA)</FONT></TD>

   <TD bgColor=#f2f2f2 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>1.54%</FONT></TD>

   <TD bgColor=#f2f2f2 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>1.18%</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="80%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Referential Rate (TR)</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>0.15%</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>0.00%</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#f2f2f2 width="80%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>Interbank Deposit Certificate (CDI)</FONT></TD>

   <TD bgColor=#f2f2f2 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>10.80%</FONT></TD>

   <TD bgColor=#f2f2f2 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>7.72%</FONT></TD></TR>

<TR vAlign=bottom>

   <TD width="80%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>US DOLAR (R$)</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>2.2025</FONT></TD>

   <TD width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>2.2156</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#f2f2f2 width="80%" align=left><FONT size=2 face=Arial,Helvetica,sans-serif>YEN (R$)</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#f2f2f2 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>0.0218</FONT></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#f2f2f2 width="10%" align=right><FONT size=2 face=Arial,Helvetica,sans-serif>0.0223</FONT></TD></TR></TABLE>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-TRANSFORM: uppercase; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>(*)&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Unaudited</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif>20</FONT><FONT style="DISPLAY: none"><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR - Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt" align=center><B><FONT><FONT><FONT><B><FONT style="FONT-SIZE: 9pt" face=Arial,sans-serif></FONT></B></FONT></FONT></FONT></B></P>

   <P style="MARGIN: 0cm 0pt 0pt 17.05pt; TEXT-INDENT: -17.05pt"><B><FONT><FONT><B><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Arial,sans-serif>Comments on the Company&#8217;s Performance</FONT></B></FONT></FONT></B></P></TD>

   <TD style="HEIGHT: 32.75pt; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt" vAlign=top width="9%">

<H2 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT lang=EN-US style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT lang=EN-US style="FONT-SIZE: 6pt" face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>10. Loans and financing</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" color=black face=Arial,sans-serif>In June 2014, the Company conducted the 19<SUP>th</SUP> Issuance of Debentures, in a single series, in the amount of R$ 500 million to mature in June 2017 and progress payment of half-yearly interest rates from 0.80% to 1.08% p.a., plus CDI (interbank deposit certificate) variation. Proceeds are destined to settle financial commitments to mature in 2014 and 2015.</FONT></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=navy face=Arial,sans-serif>Amortization schedule &#8211; accounting balance</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt">&nbsp;</P>

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



<TR>

   <TD width="26%"></TD>

   <TD width="11%"></TD>

   <TD width="9%"></TD>

   <TD width="8%"></TD>

   <TD width="8%"></TD>

   <TD width="8%"></TD>

   <TD width="7%"></TD>

   <TD width="9%"></TD>

   <TD width="8%"></TD></TR>

<TR vAlign=bottom>

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

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

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

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

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

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

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

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

   <TD align=right><B><I><FONT size=1 face=Arial-BoldItalicMT,Arial,Helvetica,sans-serif>R$ million</FONT></I></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#333399 vAlign=middle align=left><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>INSTITUTION</FONT></B></TD>

   <TD bgColor=#333399 vAlign=middle align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2014</FONT></B></TD>

   <TD bgColor=#333399 vAlign=middle align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2015</FONT></B></TD>

   <TD bgColor=#333399 vAlign=middle align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2016</FONT></B></TD>

   <TD bgColor=#333399 vAlign=middle align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2017</FONT></B></TD>

   <TD bgColor=#333399 vAlign=middle align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2018</FONT></B></TD>

   <TD bgColor=#333399 vAlign=middle align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2019</FONT></B></TD>

   <TD bgColor=#333399 vAlign=middle align=center>&nbsp;<STRONG><FONT color=#ffffff size=1 face=Arial>2020 and<BR>onwards</FONT></STRONG></TD>

   <TD style="TEXT-INDENT: 7.319pt" bgColor=#333399 vAlign=middle align=center><B><FONT color=#ffffff size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Local market</FONT></B></TD>

   <TD bgColor=#eeece1 align=left>&nbsp;</TD>

   <TD bgColor=#eeece1 align=left>&nbsp;</TD>

   <TD bgColor=#eeece1 align=left>&nbsp;</TD>

   <TD bgColor=#eeece1 align=left>&nbsp;</TD>

   <TD bgColor=#eeece1 align=left>&nbsp;</TD>

   <TD bgColor=#eeece1 align=left>&nbsp;</TD>

   <TD bgColor=#eeece1 align=left>&nbsp;</TD>

   <TD bgColor=#eeece1 align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Caixa Econ&#244;mica Federal</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>36.7</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>65.5</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>65.7</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>69.0</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>72.8</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>76.0</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>679.8</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,065.5</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Debentures</FONT></TD>

   <TD bgColor=#eeece1 align=center><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>594.3</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>236.5</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>755.1</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>443.2</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>515.1</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>514.2</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>3,058.4</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Debentures BNDES</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>37.7</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>74.5</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>74.5</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>74.5</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>74.5</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>74.4</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>125.0</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>535.1</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Debentures FI FGTS</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>22.7</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>45.5</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>45.5</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>45.5</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>45.5</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>45.5</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>249.4</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>499.6</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Helvetica,sans-serif>BNDES</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>24.6</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>50.7</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>57.3</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>59.4</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>59.4</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>59.4</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>230.1</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>540.9</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Others</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>8.3</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>17.2</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>18.0</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>18.9</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>19.6</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>20.0</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>334.9</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>436.9</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Interest and charges</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>61.5</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>27.2</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>88.7</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Local market total</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>191.5</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>874.9</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>497.5</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,022.4</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>715.0</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>790.4</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2,133.4</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>6,225.1</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>International market</FONT></B></TD>

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

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

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

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

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

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

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

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 align=left><FONT size=1 face=Arial,Helvetica,sans-serif>BID</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>42.0</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>84.0</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>84.0</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>112.0</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>56.8</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>56.8</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>674.4</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,110.0</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Helvetica,sans-serif>BIRD</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>3.4</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>97.2</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>100.6</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Eurobonds</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>308.1</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>765.1</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>1,073.2</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Helvetica,sans-serif>JICA</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>23.8</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>47.6</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>47.6</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>48.0</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>48.4</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>59.2</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>676.2</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>950.8</FONT></TD></TR>

<TR vAlign=bottom>

   <TD bgColor=#eeece1 align=left><FONT size=1 face=Arial,Helvetica,sans-serif>BID 1983AB</FONT></TD>

   <TD bgColor=#eeece1 align=center><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>52.7</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>52.7</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>52.7</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>52.4</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>39.0</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>88.0</FONT></TD>

   <TD bgColor=#eeece1 align=right><FONT size=1 face=Arial,Helvetica,sans-serif>337.5</FONT></TD></TR>

<TR vAlign=bottom>

   <TD align=left><FONT size=1 face=Arial,Helvetica,sans-serif>Interest and charges</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>21.5</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>-</FONT></TD>

   <TD align=right><FONT size=1 face=Arial,Helvetica,sans-serif>21.5</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>International market total</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>87.3</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>184.3</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>492.4</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>212.7</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>157.6</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>158.4</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>2,300.9</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" bgColor=#eeece1 align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>3,593.6</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #400080 1px solid" align=left><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>Total</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>278.8</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,059.2</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>989.9</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>1,235.1</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>872.6</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>948.8</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>4,434.3</FONT></B></TD>

   <TD style="BORDER-BOTTOM: #400080 1px solid" align=right><B><FONT size=1 face=Arial-BoldMT,Arial,Helvetica,sans-serif>9,818.7</FONT></B></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"></P>

<P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 6pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; TEXT-AUTOSPACE: ideograph-numeric" color=navy face=Arial,sans-serif>11. Capex</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>Our capex plan is designed to improve and expand our water and sewage system and to increase and protect our water sources in order to meet the growing demand for water and sewage services in the 364 municipalities we serve. </FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-AUTOSPACE: ideograph-numeric" face=Arial,sans-serif>In 2Q14 the Company invested R$ 728.4 million versus R$ 716.0 million invested in 2Q13.</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=black face=georgia>1&nbsp;&nbsp; Operations</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=PT-BR face=georgia>Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo ("SABESP" or the "Company") is a mixed-capital company headquartered in S&#227;o Paulo, at Rua Costa Carvalho, 300, CEP 05429-900, controlled by the S&#227;o Paulo State Government. </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company is engaged in the provision of basic and environmental sanitation services in the State of S&#227;o Paulo, as well as it supplies treated water on a wholesale basis</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.&nbsp; </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>In addition to providing basic sanitation services in the State of S&#227;o Paulo, SABESP may perform these activities in other states and countries, and can operate in drainage, urban cleaning, solid waste handling and energy markets. The objective set in the new vision of SABESP is to be recognized as the company that ensured universal access to water and sewage services in its marketplace</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> in a sustainable and competitive manner, with excellence in</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> customer service.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On June 30,</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> 2014, </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>the Company operated water and sewage services in 364 municipalities of the State of S&#227;o Paulo. Most of these municipalities operations are based on 30-year concession, program and services contracts. </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company has two partial contracts with the municipality of Mogi das Cruzes, however, since most of municipality is serviced by wholesale, it was not included in the </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>364</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> municipalities. On </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>June 30,</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> 2014, the Company had 366 contracts.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>SABESP is not temporarily operating in some municipalities due to judicial orders. The lawsuits in progress refer to &#193;lvares Florense, Cajobi, Emba&#250;ba, Iper&#243; and Macatuba, and the carrying amount of these municipalities' intangible assets was R$11,330 as of June 30,</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> 2014</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>June 30,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>, 54 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>concession agreements had expired and are being negotiated</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>From</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> 2014 to 2030, 38</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> concession agreements</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>will expire</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Management believes that concession agreements</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>expired and not yet renewed will result in new contracts, disregarding the risk of discontinuity in the provision of municipal water supply and sewage services</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>. By June 30,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>, 274 program and services contracts were signed (266 contracts on December 31, 2013).</FONT></FONT></P>

<P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>As of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>June 30,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>the carrying amount of the underlying assets used in the</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> 54 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>concessions of the municipalities under negotiation totaled</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R$6,012,934, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>accounting for</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> 24.40% </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>of total, and the related gross revenue for the six-month period then ended totaled</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R$951,526 on June 30,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>accounting for</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> 16.19% of total.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company's operations are concentrated in the municipality of S&#227;o Paulo, which represents</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> 49.79% </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>of the gross revenues on </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>&nbsp;June 30,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> (51.15% on June 30, 2013) and 41.62% of intangible assets (42.46% on December 31, 2013).&nbsp; </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>On June 23, 2010, the State of S&#227;o Paulo, the municipality of S&#227;o Paulo, the Company and the regulatory agency &#8220;Sanitation and Energy Regulatory Agency &#8211; ARSESP&#8221; signed an agreement to share the responsibility for water supply and sewage services to the Municipality of S&#227;o Paulo based on a 30-year concession agreement. This agreement is extendable for another 30 years, pursuant to the law. This agreement sets forth SABESP as the </FONT></FONT>


<FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>exclusive service provider and designates ARSESP as regulator, establishing prices, controlling and monitoring services</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Also, on June 23, 2010, the State of S&#227;o Paulo, the city of S&#227;o Paulo and SABESP signed the &#8220;Public service provision agreement of water supply and sewage services&#8221;, a 30-year concession agreement which is extendable for another 30 years. This agreement involves the following activities</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>i. </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>protection of the sources of water in collaboration with other agencies of the State and the City</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>ii. </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>capture, transport and treat of water</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>iii. </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>collect, transport, treatment and final dispose of&nbsp; sanitary sewage; and</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>iv. </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>adoption of other actions of basic and environmental sanitation</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>In the municipality of Santos, in the Santos coast region, which has a significant population, the Company operates under an authorization by public deed, a situation similar to other municipalities in that region and in the Ribeira valley, where the Company started to operate after the merger of the companies that formed it</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>. As of June 30, 2014, the carrying amount of the municipality of Santos&#8217; intangible assets was R$307,275 (R$340,530 on December 31, 2013) and gross revenue in the six-month period ended June 30, 2014 was R$117,885 (R$124,077 on June 30, 2013).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Article 58 of Law 11,445/07 determines that precarious and overdue concessions, as well as those effective for an undetermined period of time, including those that do not have an instrument formalizing them, will be valid until December 31, 2010. However, Article 2 of Law 12,693 of July 24, 2012 allows program agreements to be executed until December 31, 2016.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The Company&#8217;s Management understands that the concession agreements not yet renewed are valid and will be governed by Laws 8,987/95 and 11,445/07, including those municipalities served without an agreement.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Public deeds are valid and governed by the Brazilian Civil Code. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company's shares have been listed in the </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Novo Mercado </FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(New Market) segment of</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> BM&amp;FBovespa under the ticker symbol SBSP3 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>since April 2002 and on the New York Stock Exchange (NYSE) as American Depositary Receipts (&#8220;ADRs&#8221;)</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> Level III, under the SBS code, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>since May 2002</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>. In 2007, SABESP adhered to the Corporate Sustainability Index, or ISE of BM&amp;FBovespa, which reflects the high level of commitment with sustainable development and social practices.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Since 2008, the Company has been setting up partnerships with other companies, which resulted in the following companies: Sesamm, &#193;guas de Andradina, Saneaqua Mairinque, Aquapolo Ambiental, &#193;guas de Castilho and Attend Ambiental. Although SABESP has no majority interest in the capital stock of these companies, the shareholders&#8217; agreements provide for the power of veto and casting vote in certain issues jointly with associates, indicating the shared control in the management of investees.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The interim financial information was approved by the Board of Directors on August </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>14, 2014</FONT></FONT><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>.</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 105%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 105%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>2&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 105%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Basis of preparation and presentation of the interim financial information</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 12pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Presentation of the quarterly financial information</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The quarterly financial information as of June 30, 2014 was prepared based on the provisions of CPC 21 (R1) &#8211; Interim Financial Information and the international standard IAS 34 &#8211; Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), applicable to the preparation of Quarterly Information Form&#8211; ITR and they are fairly presented consistent with the rules issued by the Brazilian Securities and Exchange Commission (CVM). Therefore, this Interim Financial Information takes into consideration the official letter CVM/SNC/SEP 003 of April 28, 2011, which allows the entities to present selected notes to the financial statements, in cases of redundant information already disclosed in the Annual Financial Statements. The interim financial information for the six-month period ended June 30, 2014, therefore, does not include all the notes and reporting required by the annual financial statements, and accordingly, shall be read jointly with the financial statements as of December 31, 2013, prepared pursuant to the International Financial Reporting Standards &#8211; IFRS, issued by the International Accounting Standards Board &#8211; IASB and pursuant to the accounting practices adopted in Brazil which observe the pronouncements issued by the Brazilian Accounting Pronouncements Committee- CPC</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>2.1&nbsp; Accounting policies</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The accounting policies used in the preparation of the quarterly financial information for the quarter ended June 30, 2014 are consistent with those used to prepare the Annual Financial Statements for the year ended December 31, 2013. These policies are disclosed in Note 3 to the Annual Financial Statements</FONT></FONT><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>3&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Financial Risk Management</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>3.1&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Financial risk factors</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company's activities are affected by Brazilian economic scenario</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>, making it </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>exposed to market risk, such as exchange rate, interest rate, credit risk and liquidity risk. The Company&#8217;s financial risk management is focused on the unpredictability of financial markets and seeks to minimize potential adverse effects on the Company&#8217;s financial performance</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company has not utilized derivative instruments</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> in any of the reported periods</FONT></FONT><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>.</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -17.85pt; MARGIN: 0cm 0cm 0pt 17.85pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(a)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Market risk</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9.5pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Foreign currency risk</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>SABESP&#8217;s foreign exchange exposure implies market risks associated with Brazilian Real currency fluctuations against the US dollar and yen. SABESP&#8217;s foreign currency-denominated liabilities mainly include US dollar and yen-denominated loans</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>In case of Brazilian </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>real</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> depreciation in relation to foreign currency in which the debt is denominated, SABESP will incur in monetary loss in relation to such debt</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>SABESP&#8217;s specific foreign currency risks are related to exposures caused by its current and non-current debts denominated in foreign currency</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The management of SABESP&#8217;s foreign currency exposure considers several current and projected economic factors, besides market conditions</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>This risk arises from the possibility that the Company may incur in losses due to exchange rate fluctuations that would impact liability balances of foreign currency-denominated loans and financing raised in the market and related financial expenses. </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company does not maintain hedge or swap contracts or any financial instrument to hedge against this risk, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>but conducts an active management of debt, taking advantage of opportunities to change expensive debts with &#8220;cheaper&#8221; debts, reducing the cost through early maturity.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>A significant amount of the Company&#8217;s financial debt is indexed to the U.S. dollar and Yen, in the total amount of R$3,611,392 on June 30, 2014 (R$3,715,645 in December 2013). </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Below, the Company&#8217;s exposure to foreign exchange risk</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30,2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Foreign currency</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>R$</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>R$</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.4pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.4pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Loans and financing &#8211; US$</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,197,399</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,637,271</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,181,256</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,767,210</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.4pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Loans and financing &#8211; Yen</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>43,800,424</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>952,659</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>41,504,249</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>926,790</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.4pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Interest and charges from loans and financing &#8211; US$</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>14,592</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>14,512</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.4pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Interest and charges from loans and financing &#8211; Yen</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>6,870</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>7,133</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.4pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total exposure</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,611,392</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,715,645</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.4pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Financing cost</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(17,735) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(17,092)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.4pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Total loans in foreign currency</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,593,657</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.4pt 0pt 3.5pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,698,553</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>As of June 30, 2014, if the Brazilian </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>rea</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>l had depreciated or appreciated by 10% against the US dollar and Yen with all other variables held constant, effects on results before taxes on June 30, 2014 would have been R$361,139 (R$371,564 in December 2013), lower or higher, mainly as a result of foreign exchange losses or gains on the translation of foreign currency-denominated loans.</FONT></FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>25</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Scenario I below presents the effect in income statements for the next 12 months, considering the projected rates of the U.S. dollar and the Yen. Considering the other variables as remaining constant, the impacts for the next 12 months are shown in scenarios II and III with possible depreciations of 25% and 50%, respectively, in the Brazilian Real.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.4pt 0pt 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Scenario I (Probable)</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.4pt 0pt 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.4pt 0pt 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Scenario II (+25%)</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.4pt 0pt 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.4pt 0pt 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Scenario III (+50%)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.4pt 0pt 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(*)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Net currency exposure on</FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia> June 30, 2014 (</FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Liabilities) in US$</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,197,399</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,197,399</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,197,399</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>US$ rate on </FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>June 30, 2014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>2.2025</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>2.2025</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>2.2025</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

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   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Exchange rate estimated according to the scenario</FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>2.5000</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>3.1250</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>3.7500</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Difference between the rates</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(0.2975)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(0.9225)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(1.5475)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Effect on net financial result in R$- (loss</FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(356,226)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(1,104,601)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(1,852,975)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Net currency exposure on</FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia> June 30, 2014 (</FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Liabilities) in </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Yen</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>43,800,424</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>43,800,424</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>43,800,424</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Yen rate on </FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>June 30, 2014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>0.021750</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>0.021750</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>0.021750</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Exchange rate estimated according to the scenario</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>0.022836</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>0.02854</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>0.03425</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Difference between the rates</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(0.00109)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(0.00679)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(0.01250)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Effect on net financial result in R$- (loss</FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(47,742)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(297,405)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(547,505)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total effect on net financial result in R$- (loss</FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(403,968)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(1,402,006)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(2,400,480)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="57%">

   <P style="MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.4pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.4pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(*) </FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>The probable scenario in</FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia> foreign currency (US dollar and Yen) considered </FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>the average exchange rate for the 12-month period after </FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>June 30, 2014, </FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>according to</FONT><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia> BM&amp;FBovespa.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Interest rate risk</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>This risk arises from the possibility that the Company could incur losses due to fluctuations in interest rates, increasing the financial expenses related to loans and financing.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The Company has not entered into any derivative contract to hedge against this risk; however </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>continually monitors market interest rates, in order to evaluate the possible need to replace its debt</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The table below provides the Company's loans and financing subject to variable interest rate</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>:</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30,2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>TR<SUP>(i)</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,568,109</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,646,546</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>CDI<SUP>(ii)</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,712,010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,212,010</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>TJLP<SUP>(iii)</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>957,830</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>990,273</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>IPCA<SUP>(iv)</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,473,252</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,413,629</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>LIBOR<SUP>(v)</SUP></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,542,750</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,599,815</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Interest and charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>96,165</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>120,839</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.25pt 0pt 3.4pt"><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>7,350,116</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.25pt 0pt 3.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>6,983,112</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(i) TR &#8211; Interest Benchmark Rate</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 8pt" lang=PT-BR color=black face=georgia>(ii) CDI (Certificado de Dep&#243;sito Interbanc&#225;rio), an interbank deposit certificate</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 8pt" lang=PT-BR color=black face=georgia>(iii) TJLP (Taxa de Juros a Longo Prazo), a long-term interest rate index</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 8pt" lang=PT-BR color=black face=georgia>(iv) IPCA (&#205;ndice Nacional de Pre&#231;os ao Consumidor Amplo), a consumer price index</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(v) LIBOR - London Interbank Offered Rate</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Another risk to which the Company is exposed, is the mismatch of the monetary restatement indices of its debts with those of its service revenues. Water supply and sewage services tariff adjustments do not necessarily follow the increases in the inflation indexes to adjust loans, financing and interest rates affecting the Company's indebtedness</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On June 30, 2014, if interest rates on loans and financing denominated in Brazilian </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>reais</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> had been 100 basis points higher or lower with all other variables held constant, the effects on profit for the six-month period ended June 30, 2014, before taxes would have been R$73,501 (R$69,831 in December 2013) lower or higher, mainly as a result of a lower or higher interest expense on floating rate loans and financing.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Credit risk</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Credit risk arises from cash and cash equivalents, deposits in banks and financial institutions, as well as credit exposures to wholesale basis and retail customers, including outstanding accounts receivable, restricted cash, accounts receivable from related parties and indemnities. Credit risk exposure is mitigated by sales to a dispersed customer base.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The maximum exposures to credit risk at the reporting date are the carrying amounts of instruments classified as cash equivalents, deposits in banks and financial institutions, restricted cash, trade accounts receivable and accounts receivable from related parties </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>in the balance sheet date</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>, as per Notes 5, 6, 7 and 8. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Regarding the financial assets held with financial institutions, the credit quality that is not past due or subject to provision for impairment may </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>can be assessed by reference to external credit ratings (if available) or to historical information about counterparty default rates. The credit quality of counterparties which are banks, such as deposits and financial investments, the Company considers the lower rating of the counterparty published by three main international rating agencies </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(Moody's, Fitch and S&amp;P), according to internal policy of market risk management</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>:</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Cash at bank and short-term bank deposits</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>AAA(bra)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,821,961</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,781,327</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other (*)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,750</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>674</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,823,711</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,782,001</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(*)This category includes current accounts and investment funds in banks which have no credit rating information available.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The available credit rating information of the banks in which the Company made transactions during the period is as follows</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Banks</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Fitch</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Moody's</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Standard Poor's</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=georgia>Banco do Brasil S.A.</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>AAA (bra)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Aaa.br</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>-</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="40%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" color=black face=georgia>Banco Santander Brasil S.A.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>AAA (bra)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Aaa.br</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>brAAA</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Brazilian Federal Savings Bank</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>AAA (bra)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Aaa.br</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>-</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Banco Bradesco S.A.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>AAA (bra)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Aaa.br</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>brAAA</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Ita&#250; Unibanco Holding S.A.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>AAA (bra)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Aaa.br</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="19%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>brAAA</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Liquidity risk</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> </FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company's liquidity is primarily reliant upon cash provided by operating activities, loans from Brazilian Federal and State governmental financial institutions, and financing in the domestic and international capital markets. The liquidity risk management considers the assessment of its liquidity requirements to ensure it has sufficient cash to meet its Capex and operating expenses needs,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> as well as the payment of debts.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The funds held by the Company are </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>invested in interest-bearing current accounts, time deposits, short-term deposits and securities, selecting instruments with appropriate maturity or liquidity sufficient to provide margin as determined by projections mentioned above</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The table below analyzes the financial assets and liabilities of the Company, into relevant maturities, including the installment of principal and interest to be paid according to the agreement</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>28</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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   <P style="MARGIN: 0cm 2.45pt 0pt 4.2pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.45pt 0pt 4.2pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>July to December 2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2015</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2016</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2017</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2018</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2019 onwards</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Total</FONT></B></P></TD></TR>

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   <P style="MARGIN: 0cm 2.45pt 0pt 4.2pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>As of June 30, 2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%" noWrap>

   <P style="MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%" noWrap>

   <P style="MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%" noWrap>

   <P style="MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Loans and financing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>505,107</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,593,684</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,458,995</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,639,729</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US color=black face=georgia>1,215,237</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>7,116,526</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>13,529,278</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%" noWrap>

   <P style="MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Accounts payable to suppliers and contractors</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>249,768</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US color=black face=georgia>249,768</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%" noWrap>

   <P style="MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Services payable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>334,123</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US color=black face=georgia>334,123</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%" noWrap>

   <P style="MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Public-private partnership (PPP)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>21,804</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>43,607</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>43,607</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>43,607</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US color=black face=georgia>282,673</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>4,930,579</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>5,365,877</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%" noWrap>

   <P style="MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Program contract commitments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.45pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>78,818</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>129,199</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>3,222</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>881</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=georgia>780</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>16,658</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.45pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>229,558</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 2.2pt 0pt 4.2pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.2pt 0pt 4.2pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2015</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2016</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2017</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2018</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2019 onwards</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Total</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 2.2pt 0pt 4.2pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>As of December 31, 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Liabilities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Loans and financing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,186,907</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,545,451</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,458,618</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,125,401</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US color=black face=georgia>1,186,483</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>6,860,587</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>13,363,447</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Accounts payable to suppliers and contractors</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>275,051</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US color=black face=georgia>275,051</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Services payable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>323,208</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US color=black face=georgia>323,208</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Public-private partnership (PPP)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>43,607</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>43,607</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>43,607</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>43,607</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US color=black face=georgia>282,673</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>4,930,579</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>5,387,680</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Program contract commitments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.2pt 0pt 4.2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>85,277</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>77,772</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>3,452</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,110</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: normal; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US color=black face=georgia>1,010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>22,251</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.2pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>190,872</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Future interest</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Future interest was calculated based on the contractual clauses for all agreements. For agreements with floating interest rate, the interest rates used correspond to the base dates above.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Cross default</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The Company has loan agreements including cross default clauses, i.e., the early maturity of any Company&#8217;s debt will imply the early maturity of these agreements. The indicators are continuously monitored in order to avoid the execution of this clause.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Sensitivity analysis</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> on interest rate risk</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The table below shows the sensitivity analysis of the financial instruments</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>, prepared in accordance with CVM Rule 475/2008 in order to evidence the balances of main financial assets and liabilities, calculated at a rate projected until the final settlement of each contract, considering a probable scenario (</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>scenario I), appreciation of 25% (scenario II) and 50% (scenario III</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>).</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The purpose of the sensitivity analysis is to measure the impact of changes in the market over the financial instruments of the Company, considering constant all other variables. In the time of settlement the amounts can be different from those presented above, due to the estimates used in the measurement</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>June 30, 2014</FONT></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Indicators</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Exposure</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Scenario I</FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(Probable) (i)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Scenario II</FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(25%)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Scenario</FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia> III</FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(50%)</FONT></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>A</FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>ssets</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>CDI</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,214,038</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>11.8800 %(*)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>14.8500 %</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>17.8200%</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Financial income to be incurred</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>144,228</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>180,285</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>216,342</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Liabilities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>CDI </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,712,010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>11.8800 %(*)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>14.8500 %</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>17.8200%</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Interest to be incurred</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(203,387)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(254,233)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(305,080)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>CDI net exposure</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(59,159)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(73,948)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(88,738)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Liabilities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>TR</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,568,109</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>0.0069 %(*)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>0.0086%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>0.0104%</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Expenses to be incurred</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(108)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(135)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(163)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>IPCA</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,473,252</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>6.1000 %(*)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>7.6250%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>9.1500%</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Expenses to be incurred</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(89,868)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(112,335)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(134,803)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>TJLP</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>957,830</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>5.0000 %(*)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>6.2500%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>7.5000%</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Interest to be incurred</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(47,892)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(59,864)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(71,837)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>LIBOR </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,542,750</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>0.2793 %(**)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>0.3491%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>0.4189%</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Interest to be incurred</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(4,309)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(5,386)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(6,463)</FONT></P></TD></TR>

<TR style="HEIGHT: 11.35pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total net expenses to be incurred</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(201,336)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(251,668)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=bottom width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(302,004)</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=top width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 11.35pt; PADDING-TOP: 0cm" width="21%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(*) Source: Focus Report &#8211; BACEN, June 30, 2014</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(**) Source: Bloomberg</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>&nbsp;(i)&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Refers to the scenario of interest to be incurred for the 12 months as of June 30, 2014 or until the maturity of the agreements, whichever is shorter.</FONT></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>3.2 </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Capital management</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company's objectives when managing capital are ensure its ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders, and to maintain an optimal capital structure to reduce the cost of capital</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>30</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company monitors capital based on the leverage ratio. This ratio corresponds to net debt divided by total capital. Net debt corresponds to total loans and financing less cash and cash equivalents. Total capital is calculated as total equity as shown in the statement of financial position plus net debt</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 0cm"><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 3.5pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total loans and financing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>9,818,724</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>9,450,074</FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Less: cash and cash equivalents</FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(1,823,711)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(1,782,001)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Net debt</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>7,995,013</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>7,668,073</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total equity</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>13,667,947</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>12,930,801</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total capital</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>21,662,960</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>20,598,874</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 3.5pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Leverage ratio</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.1pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>37%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.1pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>37%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On June 30, 2014 the leverage ratio did not change in comparison to the ratio posted on December 31, 2013.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>3.3 </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Fair value estimates</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>It is assumed that balances from trade accounts receivable (current) and accounts payable to suppliers by carrying amount approximate their fair values</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>, considering the short maturity. Long-term trade accounts receivable also approximate their fair values, as they will be adjusted by inflation and/or will bear contractual interest rates over time.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>3.4 </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Financial Instruments</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On June 30, 2014 and December 31, 2013, the Company did not have financial assets classified into the fair value categories through profit or loss, held to maturity and available for sale. The Comp</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>any&#8217;s financial instruments included in the loans and receivables category comprise cash and cash equivalents, trade accounts receivable, balances with related parties, other accounts receivable, balances receivable from the Water National Agency &#8211; ANA, contractors and suppliers, loans and financing, balances payable deriving from the Public Private Partnership-PPP and program contract commitments, which are non-derivative financial assets and liabilities with fixed or determinable payments, not quoted in an active market.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The estimated fair values of financial instruments are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>31</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Financial assets</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="32%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>June 30, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>December 31, 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Carrying amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Fair </FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>value</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Carrying amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Fair </FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>value</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Cash and cash equivalents</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,823,711</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,823,711</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,782,001</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,782,001</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Restricted cash</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>20,463</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>20,463</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>10,333</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>10,333</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Trade accounts receivable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,281,336</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,281,336</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,515,565</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,515,565</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Accounts receivable from related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>233,951</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>233,951</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>265,312</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>265,312</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Water National Agency &#8211; ANA </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>120,204</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>120,204</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>107,003</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>107,003</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Other accounts receivable </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>181,913</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>181,913</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>155,991</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>155,991</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Financial liabilities</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt 6.3pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="32%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>June 30, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" colSpan=3 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>December 31, 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 7.1pt 0pt 6.3pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Carrying amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Fair </FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>value</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Carrying amount</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Fair </FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>value</FONT></B></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt 6.3pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Loans and financing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>9,818,724</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>9,689,340</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>9,450,074</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>9,439,094</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt 6.3pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Accounts payable to suppliers and contractors</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>249,768</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>249,768</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>275,051</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>275,051</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt 6.3pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Services payable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>334,123</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>334,123</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>323,208</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>323,208</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt 6.3pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Program contract commitments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>211,179</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>211,179</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>166,038</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>166,038</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 7.1pt 0pt 6.3pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Public-private partnership - PPP</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>340,306</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>340,306</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>342,508</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>342,508</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>To obtain fair value of loans and financing, the following criteria have been adopted:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -19.85pt; MARGIN: 0cm 0cm 0pt 1cm; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -19.85pt; MARGIN: 0cm 0cm 0cm 1cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>(i)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>Agreements with CEF (Federal Savings Bank) were projected until final maturity, at contractual rates (projected TR + spread) and discounted at present value by TR x DI, both rates were obtained from BM&amp;FBovespa. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0cm 1cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -19.85pt; MARGIN: 0cm 0cm 0cm 1cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>(ii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>Debentures were projected up to the final maturity date according to contractual rates (IPCA, DI, TJLP or TR), and discounted to present value considering the future interest rate published by ANBIMA in the secondary market, or by market equivalent rates, or the Company&#8217;s share traded in the Brazilian market. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0cm 1cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 110%" color=windowtext face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -19.85pt; MARGIN: 0cm 0cm 0cm 1cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 110%" color=windowtext face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="times new roman">(iii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>BNDES loans are financial instruments valued at carrying amount plus contractual interest rate till mature date, and are indexed by long term interest rate &#8211; TJLP</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=windowtext face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="times new roman">. </FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -1.35pt; MARGIN: 0cm 0cm 0cm 1cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>These loans have specific characteristics and the conditions defined in the loan agreements with BNDES between independent parties, and reflect the conditions for those types of loan. In Brazil, a consolidated market of long-term debts does not exist with the same characteristics of BNDES loans, the offering of credit to the entities in general, with this long-term characteristic, usually is restricted to BNDES.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0cm 1cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -19.85pt; MARGIN: 0cm 0cm 0cm 1cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>(iv)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>Other financing in local currency are considered by carrying amount plus contractual interest rate till mature date, discounted to present value considering a future interest rate published by BM&amp;FBovespa.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0cm 1cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -19.85pt; MARGIN: 0cm 0cm 0cm 1cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>(v)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>Agreements with IDB, IBRD, were projected until final maturity in origin currency, applying interest rates contracted, discounted at present value at Libor futures rate, obtained from Bloomberg. Eurobonds were priced at market value through quotes published by Bloomberg. All the amounts obtained were translated into Brazilian </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>reais</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia> at the exchange rate of June 30, 2014. </FONT></FONT></P>

<P style="LINE-HEIGHT: 13pt; MARGIN: 0cm 0cm 0cm 35.4pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -19.85pt; MARGIN: 0cm 0cm 0cm 1cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>(vi)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman">&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>Agreements with JICA, were projected until final maturity in origin currency, using interest rates contracted and discounted at present value, at Tibor futures rate obtained from Bloomberg. The amounts obtained were translated into Brazilian reais at the exchange rate of June 30, 2014. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 35.4pt; MARGIN: 0cm 0cm 0cm 1cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 110%" color=windowtext face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -19.85pt; MARGIN: 0cm 0cm 0cm 1cm; VERTICAL-ALIGN: baseline"><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>(vii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=windowtext face="times new roman"> </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=windowtext face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=windowtext face=georgia>Leases are financial instruments considered by face value restated until maturity date, whose characteristic is the indexation by fixed contractual rate, which is a specific type, not compared to any other market rate. Thus, the Company discloses as market capitalization, the amount recorded on June 30, 2014.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Considering the nature of other financial instruments, assets and liabilities of the Company, the balances recognized in the statement of financial position approximate the fair values, taking into account the maturities close to the end of the reporting period, comparison of contractual interest rates with market rates in similar operations at the end of the reporting periods, their nature and maturity terms</FONT></FONT><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>4&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Critical accounting estimates and judgments</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Estimates and judgments are continually evaluated and are based on historical experience and on other factors, including expectations of future events that are believed to be reasonable under the circumstances</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>There were no changes in relation to what was presented in the Annual Financial Statements as of December 31, 2013, as per Note 5</FONT></FONT><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>.</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>5&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Cash and Cash Equivalents</FONT></B></FONT></P></DIV>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.15pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Cash and banks</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>609,673</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>189,836</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.15pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Cash equivalents</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,214,038</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,592,165</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.15pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="28%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,823,711</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.15pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,782,001</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Cash and cash equivalents include cash, bank deposits and high-liquidity short-term financial investments</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>, mainly </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>represented by repurchase agreements</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> (accruing CDI interest rates), </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>deposited at </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Banco do Brasil, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>whose original maturities are lower than three months, which are convertible into a cash amount and subject to an insignificant risk of change in value</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The average yield of financial investments corresponds to</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> 99.85% of CDI</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> in </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>June 2014 (100.00%</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> in December 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>6&nbsp;&nbsp; Restricted cash</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>On </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>June </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>30,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> 2014, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>the Company&#8217;s restricted cash, under current assets, totaled</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R$20,463, mainly referring to the agreement with the local government of the city of S&#227;o Paulo, in which the Company transfers 7.5% of the Municipal revenue to the Municipal Fund (December 2013 &#8211; R$10,333).</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>7&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Trade Accounts Receivable</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Equity balances</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B></FONT>&nbsp;</P>

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



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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Private sector:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>General and special customers (i) (ii)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>847,042</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,008,335</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Agreements (iii)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>302,575</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>287,662</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,149,617</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,295,997</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Government entities:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Municipal</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>523,769</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>511,967</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Federal</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,170</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,292</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Agreements (iii)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>189,116</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>167,642</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>717,055</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>683,901</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Wholesale customers &#8211; Municipal governments: (iv)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Guarulhos</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>709,555</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>661,908</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Mau&#225;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>355,125</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>327,451</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Mogi das Cruzes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,388</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>15,430</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Santo Andr&#233;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>748,112</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>700,550</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>S&#227;o Caetano do Sul</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,054</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,114</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Diadema (*)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>224,433</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>210,406</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total wholesale customers &#8211; Municipal governments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,041,667</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,917,859</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Unbilled supply</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>411,632</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>474,492</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Subtotal</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,319,971</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,372,249</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Allowance for doubtful accounts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(3,038,635)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(2,856,684)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,281,336</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,515,565</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Current</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,095,827</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,120,053</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Noncurrent </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>185,509</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>395,512</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,281,336</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,515,565</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 35.45pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(*) On March 18, 2014, the State of S&#227;o Paulo, the municipality of Diadema and SABESP entered into a &#8220;Water Supply and Sewage Public Utility Services Agreement&#8221; in the municipality of Diadema. Through this contract, the State of S&#227;o Paulo and the municipality of Diadema have ensured to SABESP (or subsidiary) exclusive rights to render services for a 30-year term. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On this same date, judicial settlements were signed in lawsuits filed by SABESP against the municipality of Diadema and Saned &#8211; a municipal company. Through these settlements, SABESP, the municipality of Diadema and Saned agree to suspend the execution of suits to collect receivables related to water supply at wholesale and collection of indemnity debt. The debts will progressively decrease throughout a 30-year period, under the condition that there is a full compliance with the agreements and provision of services contract.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>This balance is fully accrued as losses.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>From January to June 2014, there were no relevant changes in relation to the operations presented in the financial statements as of December 31, 2013.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -17pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -17pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(i)&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>General customers - residential and small and mid-sized companies</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -17pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(ii)&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Special customers - large consumers, commercial, industries, condominiums and special billing consumers (industrial waste, wells</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>, etc.).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -17pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(iii)</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> Agreements - installment payments of past-due receivables, plus monetary restatement and interest</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -17pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -17pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(iv) </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Wholesale basis customers - municipal governments - This balance refers to the sale of treated water to municipalities, which are responsible for distributing to, billing and charging final customers. Some of these municipalities are questioning in court the tariffs charged by SABESP</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>, which have full allowance for doubtful accounts. Additionally, t</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>he overdue amounts are included in the allowance for doubtful account and are classified in noncurrent assets</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -17pt; MARGIN: 0cm 0cm 0pt 17pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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<TR style="HEIGHT: 17pt">

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.75pt 0pt 4.2pt"><B><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Six-month period ended June 30, 2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Year ended </FONT></B></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: normal; MARGIN: 0cm 2.75pt 0pt 4.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Balance at the beginning of the period</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,917,859</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,677,727</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.75pt 0pt 4.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Services provided</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>203,020</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>424,018</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -22.7pt; MARGIN: 12pt 2.75pt 0pt 4.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Receipts &#8211; services in current year</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(20,136)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(160,944)</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.75pt 0pt 4.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Receipts &#8211; services in previous years</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(59,076)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(22,942)</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.75pt 0pt 4.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.75pt 0pt 4.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Balance at the end of the period</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="27%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,041,667</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.75pt 0pt 4.2pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,917,859</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The aging of trade accounts receivable is as follows:</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Current</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,023,435</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,243,156</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Past-due:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Up to 30 days</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>173,230</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>191,668</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>From 31 to 60 days</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>104,728</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>105,542</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>From 61 to 90 days</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>77,231</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>60,868</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>From 91 to 120 days</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>68,206</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>51,932</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>From 121 to 180 days</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>106,943</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>90,498</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>From 181 to 360 days</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>163,333</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>149,242</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Over 360 days</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,602,865</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,479,343</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total past-due</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,296,536</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,129,093</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,319,971</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,372,249</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>36</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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<TR style="PAGE-BREAK-INSIDE: avoid">

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The increase in the balance overdue is mainly due to accounts receivable at wholesale, where the municipalities are challenging in court the tariffs charged by SABESP. These amounts are fully covered by the allowance for doubtful accounts.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Allowance for doubtful accounts</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Balance at the beginning of the period</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,856,684</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,723,408</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Private sector/government entities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>34,927</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>45,892</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Recoveries</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(22,075)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(22,619)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Wholesale customers</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>169,228</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>109,065</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Additions for the period</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>182,080</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>132,338</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Write-offs in the period referring to the bad debt</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(129)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>-</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Balance at the end of the period</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,038,635</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,855,746</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Reconciliation of provision for losses of income</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm; VERTICAL-ALIGN: middle" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Losses (write-off)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>10,697</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>20,086</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>10,775</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>32,006</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Provision for state entities (related parties)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>795</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>795</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>418</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>960</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Provision for private sector/government entities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>17,862</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>34,926</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>24,304</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>45,892</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Provision for wholesale supply</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>42,596</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>42,596</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Recoveries</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(10,315)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(22,075)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(16,658)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(22,619)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Balance </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>61,635</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>76,328</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>18,839</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm; VERTICAL-ALIGN: middle" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>56,239</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company does not have customers representing 10% or more of its revenues</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>37</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>8&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Related Party Balances and Transactions</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company is a party to transactions with its controlling shareholder, the State Government, and companies related to it</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(a)</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> Accounts receivable, interest on shareholders' equity payable, revenue and expenses with the S&#227;o Paulo State Government</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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<TR style="HEIGHT: 14.15pt">

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Accounts receivable</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Current:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Water and sewage services</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>108,415</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>110,615</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Allowance for losses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(47,469)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(46,674)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Reimbursement for pension benefits paid -</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Gesp Agreement</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>39,201</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>39,201</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Reimbursement for pension benefits paid -</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Monthly flow </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>5,836</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>9,399</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>&#8220;</FONT><I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Se Liga na Rede&#8221;</FONT></I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia> (Connect to the Network Program) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>17,088</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>22,314</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total current</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>123,070</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>134,855</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Noncurrent:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Reimbursement for pension benefits paid -</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>GESP Agreement</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>110,881</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>130,457</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total noncurrent</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>110,881</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>130,457</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total receivables from shareholder</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>233,951</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>265,312</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Assets:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Water and sewage services</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>60,945</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>63,941</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Reimbursement of additional retirement and pension benefits</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>155,918</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>179,057</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>&#8220;Se Liga na Rede&#8221;</FONT></I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia> (Connect to the Network Program) (l)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>17,088</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>22,314</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>233,951</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>265,312</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Liabilities:</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Interest on shareholders&#8217; equity payable to related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>32,289</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>229,605</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>38</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>April to June 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>January to June 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>April to June 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>January to June 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Revenue from water and sewage services</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 1pt 5.65pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Water supply </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>56,772</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>116,701</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>63,257</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>117,757</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 1pt 5.65pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Sewage services</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>50,202</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>103,268</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>55,090</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>103,271</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 1pt 5.65pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Payments received from related parties</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(113,589)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(220,923)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(113,943)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(214,836)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 1pt 5.65pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: normal; MARGIN: 0cm 0cm 1pt 5.65pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Receipt of GESP reimbursement referring to Law 4819/58</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(28,001)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(59,337)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(31,256)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(54,355)</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>In the period between January and June 2014, there were no relevant changes in relation to the operations presented in the financial statements as of December 31, 2013. See further details and explanations about the nature of related party transactions in Note 9 to the Financial Statements as of December 31, 2013.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Contingent assets - GESP (not recorded)</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On June 30, 2014 and December 31, 2013, SABESP had contingent assets with GESP, not recorded in assets referring to the additional retirement and pension paid (Law 4,819/58), as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>June 30, 2014</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>December 31, 2013</FONT></B></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="43%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 2pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Controversial amounts receivable</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>747,811</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>716,196</FONT></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 110%; MARGIN: 2pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Undisputed amount referring to the transfer to SABESP of reservoirs at Alto Tiet&#234; system (original value)</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>696,283</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>696,283</FONT></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 110%; MARGIN: 2pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Total</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>1,444,094</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>1,412,479</FONT></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>During the period from January to June 30, 2014, there were neither relevant changes in the negotiations nor in the progress of legal proceedings. See further details and explanations about the nature of these contingent assets in Note 9 (vii) to the Financial Statements as of December 31, 2013.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; U</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>se of reservoirs - EMAE</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Empresa Metropolitana de &#193;guas e Energia S.A. - EMAE plans to receive for the credit and to obtain financial compensation for the use of water from the Guarapiranga and Billings reservoirs, which SABESP uses in its operations, as well as the reimbursement of damages related to the failure to pay appropriately. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The Company understands that no amounts are due </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>for the use of these reservoirs given the grants already made</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>. </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Should these reservoirs not be available for use to the Company, there could be the need to collect water in more distant places.</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> There is a risk of not properly rendering services in the region, besides increasing water supply cost. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Several lawsuits were filed by EMAE, among them a lawsuit to create an arbitration clause related to the Guarapiranga reservoir, a proceeding which had already started and another one, equally pleading for financial </FONT></FONT>


<FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>compensation due to SABESP&#8217;s water collect from Billings reservoir for public supply, these two lawsuits alleging that this conduct has been causing permanent and growing loss in the capacity of generating electricity of Henry Borden hydroelectric power plant with financial losses.</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>SABESP understands that the expectation for all cases is of possible losses, and for the time being, it is not feasible to estimate the amounts involved, since they were not determined.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On April 10, 2014, we issued a Notice to the Market including the information we have been discussing with EMAE about any future agreement. However, no adjustment was confirmed up to date and no agreement was executed by either party up to date.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Agreements with reduced tariffs with State and Municipal Government Entities that joined the Water Rational Use Program (PURA</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>). </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company has signed agreements with government entities related to the State Government and municipalities where it operates that benefit from a reduction of 25% in the tariff of water supply and sewage services when they are not in default. These agreements provide for the implementation of the rational water use program, which takes into consideration the reduction in the consumption of water</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Guarantees</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The State Government provides guarantees for some loans and financing of the Company and does not charge any fee with respect to such guarantees</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Personnel assignment agreement among entities related to the State Government</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company has personnel assignment agreements with entities related to the State Government, under which the expenses are fully passed on and monetarily reimbursed. From April to June 2014 and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>in 2013, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>the expenses related to personnel assigned by SABESP to other state government entities amounted to</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R$2,571 and R$3,706, respectively, and from January to June 2014 and 2013, R$5,065 and R$6,468 were paid, respectively.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>From April to June 2014 and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>in 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>, expenses related to personnel assigned by other entities to SABESP</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> totaled R$113 and R$275, respectively, and from January to June 2014 and 2013, expenses totaled R$209 and R$533, respectively.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face=georgia>Services obtained from state government entities</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>As of June 30, 2014 and December 31, 2013, </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>SABESP had an outstanding amounts payable of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>R$1,395 and R$1,791, respectively,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> for services rendered by S&#227;o Paulo State Government entities</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Non-operating assets</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>As of June 30, 2014 and December 31, 2013, the Company had an amount of R$969 related to free land lent to DAEE (Water and Electricity Department).</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; SABESPREV</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company sponsors a private defined benefit pension plan, which is operated and administered by Funda&#231;&#227;o Sabesp de Seguridade Social - SABESPREV. The net actuarial liability recognized as of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>June 30, 2014 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>amounted to</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R$568,162 (R$546,748 in December 2013), according to Note 18 (b).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Compensation of Management Key Personnel</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Expenses related to the compensation to the members of its Board of Directors and Officers amounted to</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R$766 and R$843 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>for the second quarter of 2014 and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>2013, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>respectively. From January to June 2014 and 2013, R$1,619 and R$1,618 were accrued, respectively and they refer to short-term benefits. An additional amount of</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R$113, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>related to the Officers&#8217; bonus program, was recorded from April to June 2014 (R$146 &#8211; April to June 2013). From </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>January to June 2014 and 2013, R$253 and R$286 were accrued, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>respectively</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan agreement through credit facility</FONT></FONT></P>

<P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The Company holds interest in certain Special Purpose Entities (SPE), not holding the majority interest but with cast vote and power of veto in some issues. Therefore, these SPEs are considered for accounting purposes as jointly-owned subsidiaries.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The Company entered into a loan agreement through credit facility with the SPEs &#193;guas de Andradina S.A., &#193;guas de Castilho S.A., Aquapolo Ambiental S.A. and Attend Ambiental S.A. to finance the operations of these companies, until the loans and financing requested with financial institutions is cleared.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The contracts signed on January 19, 2012 with &#193;guas de Andradina and &#193;guas de Castilho were settled in July 2012, according to the agreement&#8217;s provisions. On July 18, 2012, new agreements were signed with both companies, pursuant to the conditions in the table below. The agreement signed with Aquapolo Ambiental on March 30, 2012 remains with the same characteristics, according to the table below:</FONT></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 14.2pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>SPE</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Credit limit</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Principal disbursed amount</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Interest balance</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Interest rate</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Maturity</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>&#193;guas de Andradina</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>3,467 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>1,427</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>446</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>1,873</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>SELIC + 3.5 % p.a.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(*)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>&#193;guas de Castilho</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>675</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>403</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>126</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>529</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>SELIC + 3.5 % p.a.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(*)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Attend Ambiental S/A</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>5,400</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>3,649</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>39</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>3,688</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>SELIC + 3.5 % p.a.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(**)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Aquapolo Ambiental</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>5,629</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>5,629</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>2,007</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>7,636</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>CDI + 1.2% p.a.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>4/30/2016</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Aquapolo Ambiental</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>19,000</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>19,000</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>5,560</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>24,560</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>CDI + 1.2% p.a.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>4/30/2015</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>34,171</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>30,108</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>8,178</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>38,286</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="4%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>41</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(*) The loan agreements with SPEs &#193;guas de Andradina and &#193;guas de Castilho mature when funds deriving from long-term agreement with the Brazilian Development Bank &#8211; BNDES are released, when borrower will settle all and any debt deriving from current opening of loan facility. The agreement with SPE &#193;guas de Andradina was settled in July 2014.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(**) The loan agreement with SPE Attend Ambiental S/A matures within 180 days, from the date when the respective amount is available in the borrower&#8217;s account, renewable for the same period. Credit facility will be available to the borrower up to December 31, 2014.</FONT></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The amount disbursed is recognized in Assets under &#8220;Other Receivables&#8221; and amounts to R$24,479 for principal and R$6,171 for interest recognized in Current Assets and R$5,629 for principal and R$2,007 for interest in Noncurrent Assets. As of June 30, 2014, the balance of principal and interest rates of these agreements is R$38,286 (R$32,058 as of December/2013). In the period between January and June 2014, financial income recognized was R$2,580 (R$1,388 from January to June 2013).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Se Liga na Rede</FONT></I><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> (Connect to the Network Program)</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The State Government enacted the State Law n&#186; 14,687/12, creating the pro-connection program, destined to financially subsidize the execution of household branches necessary to connect to the sewage collecting networks, in low income households which agreed to adhere to the program. The program expenditures are financed with 80% of funds deriving from the State Government and the remaining 20% invested by SABESP, which is also liable for the execution of works. On June 30, 2014, the year-to-date program total amount was R$45,806, R$17,088 recorded in balances receivable from related parties, the amount of R$11,832 recorded in the group of intangible assets and R$16,886 reimbursed by GESP.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>9&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Water National Agency - ANA</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Refers to agreements executed within the scope of the Hydrographic Basin Depollution Program (PRODES), also known as "Treated Sewage Purchase Program".</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>This program does not finance works or equipment, remunerates by results achieved, i.e., by effectively treated sewage. In this program, the Water National Agency (ANA) makes available funds, which are restricted to a specific current account and applied in investment funds at the Caixa Econ&#244;mica Federal - Federal Savings Banks (CEF), until the fulfillment of treated sewage volume is evidenced, as well as, the reduction of polluting cargoes of each agreement. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On June 30, 2014, the balances of assets and liabilities were R$120,204 (December 2013 &#8211; R$107,003), and the liabilities are recorded under "Other liabilities" of noncurrent liabilities.</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>10&nbsp;&nbsp; Investments</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The Company holds interest valued by the equity accounting in the following investees: Sesamm &#8211; Servi&#231;os de Saneamento de Mogi Mirim S/A, &#193;guas de Andradina, &#193;guas de Castilho, Saneaqua Mairinque, Aquapolo Ambiental and Attend Ambiental.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Although SABESP has no majority shares of its investees, the shareholders&#8217; agreement provides for the power of veto in certain management issues, indicating participating shared control (joint venture &#8211; CPC 19(R2)).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 12pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 12pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>See information about these companies&#8217; activities in Note 11 to the Financial Statements as of December 31, 2013. In the quarter ended June 30, 2014, there were no relevant changes in the operations of these investees.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 12pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>See below a summary of financial information of these investees</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>:</FONT></P>

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   <P style="MARGIN: 6pt 0cm 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Company</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 6pt 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Investments</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 6pt 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Equity in the earnings of subsidiaries</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 6pt 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Interest percentage</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 6pt 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Equity</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 6pt 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Profit or loss for the period</FONT></B></P></TD></TR>

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   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia>June 30,</FONT><U><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia> 2014</FONT></U></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia>December 31, </FONT><U><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia>2013</FONT></U></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia>June 30,</FONT><U><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia> 2014</FONT></U></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia>June 30,</FONT><U><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia> 2013</FONT></U></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia>June 30,</FONT><U><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia> 2014</FONT></U></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia>December 31, </FONT><U><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia>2013</FONT></U></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia>June 30,</FONT><U><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia> 2014</FONT></U></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia>December 31, </FONT><U><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia>2013</FONT></U></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia>June 30,</FONT><U><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia> 2014</FONT></U></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia>June 30,</FONT><U><FONT style="FONT-SIZE: 7pt" lang=EN-US face=georgia> 2013</FONT></U></P></TD></TR>

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   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>

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   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>&nbsp;</TD>

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   <P style="MARGIN: 6pt 0cm 2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Sesamm</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>9,093</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>8,239</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>854</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>554</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>36%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>36%</FONT></P></TD>

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   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>25,257</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>22,884</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>2,373</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>1,539</FONT></P></TD></TR>

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   <P style="MARGIN: 6pt 0cm 2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>&#193;guas de Andradina</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>1,124</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>1,087</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>37</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>86</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>30%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>30%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>3,746</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>3,622</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>124</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>287</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="MARGIN: 6pt 0cm 2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>&#193;guas de Castilho</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>727</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>619</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>108</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>121</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>30%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>30%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>2,424</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>2,064</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>360</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>403</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="MARGIN: 6pt 0cm 2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Saneaqua Mairinque</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>971</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>931</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>40</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(29)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>30%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>30%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>3,236</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>3,102</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>134</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(97)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="MARGIN: 6pt 0cm 2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Attend Ambiental</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>1,975</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>2,707</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(732)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(568)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>45%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>45%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>4,389</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>6,016</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(1,627)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(1,262)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="MARGIN: 6pt 0cm 2pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Aquapolo Ambiental</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>8,880</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>9,506</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(626)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(425)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>49%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>49%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>18,122</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>19,400</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(1,278)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 2pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(867)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="MARGIN: 6pt 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Total</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>22,770</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>23,089</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(319)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(261)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>&nbsp;</TD>

   <TD style="HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>57,174</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>57,088</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>86</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 6pt 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>3</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Other investments</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>588</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>571</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Overall total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>23,358</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>23,660</FONT></P></TD>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>11&nbsp;&nbsp; Investment properties</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 12pt; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On June 30, 2014, the balances of &#8220;Investment properties&#8221; are R$54,039 (December/2013 &#8211; R$54,039). On June 30, 2014 and December 31, 2013, the market value of these properties is approximately R$327,000 and R$296,000.</FONT></FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>43</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>12&nbsp;&nbsp; Intangible Assets</FONT></B></FONT></P>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity balances&nbsp; </FONT></B></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Accumulated</FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Accumulated</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Cost</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>amortization</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Net</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>amortization</FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 2pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Intangible right arising from:</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Agreements &#8211; equity value</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>8,544,897</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(1,547,396)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>6,997,501</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>8,578,886</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(1,499,096)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>7,079,790</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Concession agreements &#8211; economic value</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,596,160</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(367,420)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,228,740</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,529,096</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(342,950)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,186,146</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Program contracts</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>7,145,992</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(1,958,017)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>5,187,975</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>6,473,507</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(1,804,940)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>4,668,567</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Program contracts &#8211; commitments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>808,662</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(92,281)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>716,381</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>693,029</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(79,709)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>613,320</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Services contracts &#8211; S&#227;o Paulo</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>11,894,367</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(1,624,212)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>10,270,155</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>11,555,381</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(1,430,778)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>10,124,603</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Software licenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>274,364</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(44,171)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>230,193</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>209,156</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(35,351)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>173,805</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>30,264,442</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(5,633,497)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>24,630,945</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>29,039,055</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(5,192,824)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2pt 2.45pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>23,846,231</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<DIV align=left>

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



<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Additions</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Agreement renewal</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" width="7%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Provision for write-off</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" width="13%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Transfer to property and equipment</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" width="9%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Write-offs and disposals</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" width="9%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt" align=center><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Amortization</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Intangible assets arising from: </FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=top width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=top width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Agreements &#8211; equity value</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>7,079,790</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>263,110</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(165,093)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(27,613)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(38,077)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(87)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(114,529)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>6,997,501</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Concession agreements &#8211; economic value</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>1,186,146</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>67,139</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(49)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(43)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(6)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(24,447)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>1,228,740</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Program contracts</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>4,668,567</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>458,093</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>165,093</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(4,354)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(176)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(191)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(99,057)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>5,187,975</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Program contracts &#8211; commitments </FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>613,320</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>115,633</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(12,572)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>716,381</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Services contracts &#8211; S&#227;o Paulo</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>10,124,603</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>360,357</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(18,276)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(56)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(1,339)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(195,134)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>10,270,155</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Software licenses</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>173,805</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>80,871</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(24,483)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>230,193</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>Total </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>23,846,231</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>1,345,203</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="7%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(50,292)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(38,352)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(1,623)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>(470,222)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>24,630,945</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>In the first quarter of 2014, the Company renewed program contracts with municipalities of Itapevi, Jaborandi, Luc&#233;lia, Parapu&#227;, Piedade and Rosana, and signed a program contract with the municipality of Diadema, all of them for a 30-year term. In the second quarter of 2014, the contract with municipality of Registro was renewed for 30 years.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>44</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Construction services</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0 width="100%">



<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="34%" noWrap>

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="36%" colSpan=5 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt 0cm" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>From April to June 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt 0cm" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt 0cm" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>From January to June 2014</FONT></B></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="34%" noWrap>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Water supply</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Sewage services</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total </FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Water supply</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Sewage services</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total </FONT></B></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="34%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Construction revenue</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>280,864</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>397,885</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>678,749</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>498,964</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>711,012</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,209,976</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="34%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Construction costs incurred</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>275,048</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>389,169</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>664,217</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>489,186</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>695,503</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,184,689</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="34%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Margin</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>5,816</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>8,716</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>14,532</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>9,778</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>15,509</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>25,287</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="35%" colSpan=5 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt 0cm" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>From April to June 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt 0cm" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="33%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt 0cm" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>From January to June 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Water supply</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Sewage services</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total </FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Water supply</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Sewage services</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total </FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Construction revenue</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>276,904</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>379,940</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>656,844</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>492,591</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>659,862</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,152,453</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Construction costs incurred</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>271,478</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>371,751</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>643,229</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>479,996</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>649,195</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,129,191</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Margin</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>5,426</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>8,189</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>13,615</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>12,595</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>10,667</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>23,262</FONT></P></TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; General information</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 105%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 105%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>During the period ended June 30, 2014 there were no relevant changes in the criteria to account for intangible assets and types of contracts. See further information in Note 13 (d) to the Financial Statements as of December 31, 2013.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company has obligations recorded in</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> &#8220;Program Contract &#8211; Commitments&#8221; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>in current liabilities in the amount of</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>$128,505 </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>and R$77,360 on June 30, 2014 and December 31, 2013, respectively) and noncurrent liabilities (in the amount of R$</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>82,674 </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>and R$88,678 on June 30, 2014 and December 31, 2013, respectively.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face=georgia>Capitalization of interest and other financial charges</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>From January to June 2014, the Company capitalized interest and inflation adjustment, including related foreign currency exchange effects, in concession intangible assets totaling R$</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>74,718 </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>with an average rate of </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>1.38</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>% (R$</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>167,791 </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>from January to June 2013, with an average rate of </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>3.53</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>%), during the period in which assets were recorded as works in progress.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Construction margin</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The Company acts as a primary responsible to construct and install the infrastructure related to the concession, using own efforts or hiring outsourcing services, receiving the risks and benefits. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>As a consequence, the Company recognizes revenue from construction service corresponding to the cost of construction increased by margin. Generally, the constructions related to the concessions are performed by third parties, in such case, the margin of the Company is lower, normally, to cover eventual administration costs, and the responsibility of the primary risk. On </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>June 30, 2014 and</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> 2013 the margin was 2.3%.</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Construction margin for the second quarter of 2014 and 2013 was R$14,532 and R$13,615, respectively, and for the period from January to June 2014 and 2013 was R$25,287 and R$23,262.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Expropriations</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>As a result of the construction of priority projects related to water and sewage systems, the Company was required to expropriate or establish rights of way in third-parties' properties, and the owners of these properties will be compensated either amicably or through courts</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The assets received as a result of expropriations are recorded as </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>concession intangible assets </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>after the transaction is completed. From April to June </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>2014,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> the total amount related to expropriations was</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R$3,559 and for the period of January to June 2014 was R$7,526 (April to June 2013 &#8211; R$16,939 and January to June 2013 &#8211; R$20,771).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Public-Private-Partnership (PPP)</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Alto Tiet&#234; Production System</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company and</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> the </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>special purpose entity</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> CAB-Sistema Produtor Alto Tiet&#234; S/A,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> formed by Galv&#227;o Engenharia S.A. and Companhia &#193;guas do Brasil &#8211; Cab Ambiental, signed in June 2008 the contract of public-private-partnership of Alto Tiet&#234; production system</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The contract last 15 years which purpose is to expand the capacity of treated water of Taia&#231;upeba from 10 thousand to 15 thousand of liters per second, whose operation began in October 2011</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>As of June 30, 2014 and December 31,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> 2013,</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> the amounts recognized as intangible asset related to PPP were</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R$410,033 and R$415,619, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>respectively</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>In relation to the obligations assumed by the Company on </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>June 30, 2014 and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>December 31, 2013, the balances in current liabilities were R$21,043 and R$20,241 and under noncurrent liabilities were R$319,263 and R$322,267, respectively. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>S&#227;o Louren&#231;o Production System</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On April 10, 2014, the Company started the construction of the &#193;gua S&#227;o Louren&#231;o Production System, which will expand the S&#227;o Paulo Metropolitan Region&#8217;s supply capacity by 4.7 thousand liters per second. This project will directly benefit 1.5 million people living in the cities of Barueri, Carapicu&#237;ba, Cotia, Itapevi, Jandira, Santana de Parna&#237;ba and Vargem Grande Paulista. SABESP&#8217;s installed capacity is 73,000 liters of treated water per second. The new system will expand this capacity to 77.7 thousand liters per second. The project has been carried out by means of a Public-Private Partnership. The services agreement, signed in August 2013, has 25-year term, aiming the rendering of dehydration, drying and sludge final disposal, works and maintenance services of the production system, and the estimated amount of R$6.0 billion, with an investment estimated at R$2.21 billion fully made by the Special Purpose Entity referred to as S&#227;o Louren&#231;o S/A Production System, whose shareholders are Constru&#231;&#245;es e Com&#233;rcio Camargo Corr&#234;a and Construtora Andrade Gutierrez.</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Works in progress</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The amount of R$5,579 million is recorded as intangible assets from works in progress on </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>June 30, 2014 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(R$6,498 million in December 2013), and most of works are located in the following municipalities: </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<DIV align=left>

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



<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>June 30, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>December 31, 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>S&#227;o Paulo</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,107</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,201</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Praia Grande</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>258</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>294</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Itanha&#233;m</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>240</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>215</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>S&#227;o Jos&#233; dos Campos</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>208</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>187</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Guaruj&#225;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>198</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>196</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Peru&#237;be</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>114</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>267</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,454</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,138</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="49%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>5,579</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="24%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>6,498</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization of intangible assets</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The amortization average rate totaled 3.9% and 4.0% on June 30, 2014 and 2013, respectively.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Software license of use</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The software license of use is capitalized based on the costs incurred to acquire software and make them ready for use. In the first quarter of 2013, the Company started to implement an integrated business management solution (ERP system), where administrative/financial module is expected to have its go live for the second half of 2014 and the commercial module for the first quarter of 2015.</FONT></FONT></P><FONT style="LINE-HEIGHT: 110%" color=black face=georgia></FONT>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>47</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></FONT></B></P>

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

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>13&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Property, Plant and Equipment</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Equity balances</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 5.65pt 0pt 0cm" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 5.65pt 0pt 0cm" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>June 30, 2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 5.65pt 0pt 0cm" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 5.65pt 0pt 0cm" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>December 31,</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia> 2013</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia>Accumulated</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia>Accumulated</FONT></B></P></TD>

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<TR style="HEIGHT: 14.2pt">

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>C</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>ost</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>depreciation</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Net</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>C</FONT></B><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>ost</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>depreciation</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Net</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>88,332</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>88,332</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>88,332</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>88,332</FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 95%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 95%" face=georgia><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Buildings</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>70,348</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(31,107)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>39,241</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>54,187</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(30,233)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>23,954</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="LINE-HEIGHT: 95%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 95%" color=black face=georgia><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Equipment</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>272,707</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(138,855)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>133,852</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>202,498</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(130,665)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>71,833</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="LINE-HEIGHT: 95%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 95%" color=black face=georgia><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Transportation equipment</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>14,291</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(6,214)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>8,077</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>13,856</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(5,961)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>7,895</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 5.65pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Furniture, fixtures and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>17,113</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(9,958)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>7,155</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>17,060</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(10,239)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>6,821</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 5.65pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Other</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>1,063</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(545)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>518</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>1,201</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(540)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>661</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 5.65pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>463,854</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(186,679)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="3%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>277,175</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>377,134</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(177,638)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>199,496</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<DIV align=left>

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



<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 5.65pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Additions</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Transfer of intangible assets</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Write-offs and disposals</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Depreciation</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>June 30, 2014</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Land</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>88,332</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>88,332</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Buildings</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>23,954</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>14,823</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>1,109</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(645)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>39,241</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>71,833</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>34,942</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>38,276</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(161)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(11,038)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>133,852</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Transportation equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>7,895</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>1,241</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(517)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(542)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>8,077</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 5.65pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Furniture, fixtures and equipment</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>6,821</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>755</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(4)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(17)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(400)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>7,155</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 5.65pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Other</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>661</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>374</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(512)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(5)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>518</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 5.65pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>199,496</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>52,135</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>38,352</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(178)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>(12,630)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 5.65pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>277,175</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Depreciation</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company annually revises the depreciation rates of: buildings - 2%; equipment-</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> 10%; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>transportation equipment - 10% and furniture, fixture and equipment - 6.7%. Lands are not depreciated</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The depreciation average rate was 11.5% and 10.5%, on </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>June 30, 2014 and</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> 2013, respectively.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>48</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>14&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Loans and Financing</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B></FONT>&nbsp;</P>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 1pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>&nbsp;</FONT><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Loans and financing outstanding balance</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" width="27%" colSpan=3>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" width="28%" colSpan=3>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></DIV></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 1pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Financial institution</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Current</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Noncurrent</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Total</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Current</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Noncurrent</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Total</FONT></B></P></DIV></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 3pt 0cm"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>DOMESTIC CURRENCY</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 3pt 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 3pt 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 3pt 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 3pt 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 3pt 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 3pt 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Banco do Brasil</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>100,497</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>100,497</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>10<SUP>th</SUP> issuance debentures </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>37,722</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>211,433</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>249,155</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>37,171</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>220,109</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>257,280</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>12<SUP>th</SUP> issuance debentures </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>45,455</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>453,934</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>499,389</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>22,727</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>476,702</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>499,429</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>14<SUP>th</SUP> issuance debentures </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>36,755</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>249,254</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>286,009</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>20,079</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>269,862</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>289,941</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>15<SUP>th</SUP> issuance debentures </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>94,819</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>748,825</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>843,644</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>820,887</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>820,887</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>16<SUP>th</SUP> issuance debentures </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>499,518</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>499,518</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>499,434</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>499,434</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>17<SUP> th</SUP> issuance debentures</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>1,053,545</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>1,053,545</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>1,027,925</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>1,027,925</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>18<SUP> th</SUP> issuance debentures</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>164,392</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>164,392</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>160,859</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>160,859</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>19<SUP> th</SUP> issuance debentures</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>497,497</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>497,497</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Brazilian Federal Savings Bank</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>70,317</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>995,096</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>1,065,413</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>83,267</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>959,853</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>1,043,120</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Brazilian Development Bank - BNDES BAIXADA SANTISTA</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>16,309</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>73,392</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>89,701</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>16,309</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>81,546</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>97,855</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Brazilian Development Bank - BNDES PAC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>10,411</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>83,287</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>93,698</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>9,370</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>79,644</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>89,014</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Brazilian Development Bank - BNDES PAC II 9751</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>3,360</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>28,760</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>32,120</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>2,308</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>29,192</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>31,500</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Brazilian Development Bank - BNDES PAC II 9752</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>425</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>19,975</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>20,400</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>20,400</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>20,400</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Brazilian Development Bank - BNDES ONDA LIMPA</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>19,230</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>187,219</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>206,449</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>19,230</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>196,821</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>216,051</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Brazilian Development Bank - BNDES TIETE III</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>98,412</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>98,412</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>98,404</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>98,404</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Leasing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>8,050</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>426,194</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>434,244</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>382,492</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>382,492</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Others</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>530</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>2,266</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>2,796</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>498</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>2,431</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 4.8pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>2,929</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 4.8pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Interest and charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 4.8pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>88,685</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 4.8pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 4.8pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>88,685</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 4.8pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>113,504</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 4.8pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 4.8pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>113,504</FONT></P></DIV></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 3pt 0cm"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>TOTAL IN DOMESTIC CURRENCY</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 3pt 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>432,068</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 3pt 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>5,792,999</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 3pt 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>6,225,067</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 3pt 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>424,960</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 3pt 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>5,326,561</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 3pt 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>5,751,521</FONT></P></TD></TR></TABLE></DIV>

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

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>49</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>&nbsp;</FONT><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Loans and financing outstanding balance</FONT></B></P></TD>

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   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%" colSpan=3>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></DIV></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Financial institution</FONT></B></P></TD>

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   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Current</FONT></B></P></DIV></TD>

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   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Noncurrent</FONT></B></P></DIV></TD>

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   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Total</FONT></B></P></DIV></TD>

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   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Current</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Noncurrent</FONT></B></P></DIV></TD>

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   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Total</FONT></B></P></DIV></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>FOREIGN CURRENCY</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Inter-American Development Bank - IDB 713 - US$87,842 thousand ( US$100,391 thousand in December 2013)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>55,278</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>138,192</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>193,470</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>58,794</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>176,382</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>235,176</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Inter-American Development Bank - IDB 896 - US$6,945 thousand (US$8,333 thousand in December 2013)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>6,118</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>9,177</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>15,295</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>6,507</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>13,014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>19,521</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Inter-American Development Bank - IDB 1212 - US$118,198 thousand (US$123,337 thousand in December 2013)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>22,638</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>237,694</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>260,332</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>24,077</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>264,854</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>288,931</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Inter-American Development Bank - IDB 2202 - US$294,323 thousand (US$243,687 thousand in December 2013)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>640,930</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>640,930</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>564,443</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>564,443</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>International Bank for Reconstruction and Development -IBRD - US$45,860 thousand (US$37,335 thousand in December 2013)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>100,631</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>100,631</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>87,077</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>87,077</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Eurobonds - US$140,000 thousand (US$140,000 thousand in December 2013)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>308,082</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>308,082</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>327,640</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>327,640</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Eurobonds - US$350,000 thousand (US$350,000 thousand in December 2013)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>765,060</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>765,060</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>813,650</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>813,650</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>JICA 15 </FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>&#165;</FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>17,862,665 thousand (</FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>&#165;</FONT><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia> 18,438,880 thousand in December 2013)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>25,065</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>363,448</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>388,513</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>25,733</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>386,007</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>411,740</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>JICA 18 - &#165; 16,060,480 thousand (&#165; 16,578,560 thousand in December 2013)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>22,536</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>326,461</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>348,997</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>23,137</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>346,733</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>369,870</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>JICA 17 - &#165; 706,389 thousand (&#165; 450,484 thousand in December 2013)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>14,955</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>14,955</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>9,704</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>9,704</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>JICA 19 - &#165; 9,170,890 thousand (&#165; 6,036,325 thousand in December 2013)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>198,390</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>198,390</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>134,010</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>134,010</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>BID 1983AB - US$154,231 thousand (US$178,173 thousand in December 2013)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>52,733</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>284,807</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>337,540</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>56,087</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>359,059</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>415,146</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Interest and charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>21,462</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>21,462</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>21,645</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>21,645</FONT></P></DIV></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>TOTAL IN FOREIGN CURRENCY</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>205,830</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>3,387,827</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>3,593,657</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>215,980</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>3,482,573</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>3,698,553</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="45%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>TOTAL LOANS AND FINANCING</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: medium none; PADDING-TOP: 1pt">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>637,898</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: medium none; PADDING-TOP: 1pt">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>9,180,826</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: medium none; PADDING-TOP: 1pt">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>9,818,724</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: medium none; PADDING-TOP: 1pt">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>640,940</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: medium none; PADDING-TOP: 1pt">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>8,809,134</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="9%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: medium none; PADDING-TOP: 1pt">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>9,450,074</FONT></P></DIV></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="100%" colSpan=7 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia></FONT></I>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>Quote on June 30, 2014 US$2.2025; </FONT></I><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>&#165;</FONT><I><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>0.021750 (US$2.3426; </FONT></I><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>&#165;</FONT><I><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>0.022330 on December 31, 2013)</FONT></I></P>

   <P style="MARGIN: 0cm 0cm 0pt"><I><FONT style="FONT-SIZE: 8.5pt" lang=EN-US color=black face=georgia>On June 30, 2014, the Company did not record balances of loans and financing raised in 2013 to mature within 12 months.</FONT></I></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>50</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>GUARANTEES</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>MATURITY</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>ANNUAL INTEREST RATES</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>INFLATION ADJUSTMENT</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>DOMESTIC CURRENCY</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>Banco do Brasil</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>S&#195;O PAULO STATE GOVERNMENT AND OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>8.50%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>TR</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>10<SUP>th</SUP> issuance debentures</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2020</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>TJLP +1.92% (series 1 and 3) and 9.53% (series 2) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>IPCA (series 2)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>12<SUP>th</SUP> issuance debentures</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2025</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>TR + 9.5% </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>14<SUP>th</SUP> issuance debentures </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2022</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>TJLP +1.92% (series 1 and 3) and 9.19% (series 2)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>IPCA (series 2)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>15<SUP>th</SUP> issuance debentures </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2019</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>CDI + 0.99% (series 1) and 6.2% (series 2)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>IPCA (series 2)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>16<SUP>th</SUP> issuance debentures </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2015</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>CDI + 0.30% to 0.70%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>17<SUP> th</SUP> issuance debentures</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2023</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>CDI +0.75 (</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>series 1</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>) and 4.5% (</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>series 2</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>) and+4.75% (s</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>eries </FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>3)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>IPCA (series 2 and 3</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>18<SUP> th</SUP> issuance debentures</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>2024</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>TJLP + 1.92 % (</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>series 1 and 3</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>)and 8.25% (</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>series 2</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>IPCA (series 2)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>19<SUP> th</SUP> issuance debentures</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>2017</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>CDI + 0.80% to 1.08%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>Brazilian Federal Savings Bank</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2013/2032</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>6.8% (weighted)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>TR</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: -10.7pt; MARGIN: 0cm 0cm 0pt 10.7pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>Brazilian Development Bank</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia> - BNDES BAIXADA SANTISTA</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2019</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2.5% + TJLP </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>Brazilian Development Bank</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia> - BNDES PAC</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2023</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2.15% + TJLP </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>Brazilian Development Bank</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia> - BNDES PAC II 9751</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2027</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>1.72%+TJLP </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>Brazilian Development Bank</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia> - BNDES PAC II 9752</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2027</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>1.72%+TJLP </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>Brazilian Development Bank</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia> - BNDES ONDA LIMPA</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2025</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>1.92% + TJLP </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US face=georgia>Brazilian Development Bank</FONT><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia> - BNDES TIETE III</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2025</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>1.66% + TJLP </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>Leasing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2035</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>7.73% to 10.12%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>IPC</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>Others</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>OWN FUNDS</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>2015/2018</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="28%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>TJLP + 2% (Fehidro) and 12% (Presidente Prudente)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 7.5pt" lang=EN-US color=black face=georgia>TR</FONT></P></TD></TR></TABLE></DIV>

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

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>51</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="17%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>GUARANTEES</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>MATURITY</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>ANNUAL INTEREST</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>FOREIGN EXCHANGE ADJUSTMENT</FONT></B></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>FOREIGN CURRENCY</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Inter-American Development Bank - IDB 713 </FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>FEDERAL GOVERNMENT</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2016</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2.68%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>US$</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Inter-American Development Bank - IDB 896 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>FEDERAL GOVERNMENT</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2017</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>3.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>US$</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Inter-American Development Bank - IDB 1212 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>FEDERAL GOVERNMENT</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2025</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2.51%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>US$</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Inter-American Development Bank - IDB 2202 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>FEDERAL GOVERNMENT</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2035</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1.17% </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>US$</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>International Bank for Reconstruction and Development - IBRD</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="17%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>FEDERAL GOVERNMENT</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2034</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>0.40%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>US$</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Eurobonds</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2016</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>7.50%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>US$</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Eurobonds</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2020</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>6.25%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>US$</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>JICA 15 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>FEDERAL GOVERNMENT</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2029</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1.8% and 2.5%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Yen</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>JICA 18</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>FEDERAL GOVERNMENT</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2029</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1.8% and 2.5%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Yen</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>JICA 17</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>FEDERAL GOVERNMENT</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2035</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1.2% and 0.01% </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Yen</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>JICA 19</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>FEDERAL GOVERNMENT</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2037</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1.7% and 0.01% </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Yen</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="38%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>BID 1983AB </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-&nbsp;</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2023</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2.49% to 2.99%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>US$</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>52</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Payment schedule</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> &#8211; accounting balances</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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<TR style="HEIGHT: 17pt">

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>2015</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>2016</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>2017</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>2018</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>2019</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>2020 to 2037</FONT></B></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>TOTAL</FONT></B></P></DIV></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>IN DOMESTIC CURRENCY</FONT></I></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Debentures</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>60,449</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>714,268</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>356,501</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>875,151</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>563,224</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>634,994</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>888,562</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>4,093,149</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Brazilian Federal Savings Bank</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>36,677</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>65,518</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>65,686</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>68,957</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>72,777</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>76,023</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>679,775</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,065,413</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>BNDES</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>24,634</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>50,669</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>57,300</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>59,355</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>59,355</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>59,356</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>230,111</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>540,780</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Leasing</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>8,036</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>16,603</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>17,363</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>18,188</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>19,083</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>20,055</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>334,916</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>434,244</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Other</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>291</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>597</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>668</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>715</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>525</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2,796</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Interest and other charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>61,475</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>27,210</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>88,685</FONT></P></DIV></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>TOTAL IN DOMESTIC CURRENCY</FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>191,562</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>874,865</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>497,518</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,022,366</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>714,964</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>790,428</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2,133,364</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>6,225,067</FONT></I></P></DIV></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><B><I><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia>IN FOREIGN CURRENCY</FONT></I></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>IDB</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>42,017</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>84,033</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>84,033</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>112,033</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>56,756</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>56,756</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>674,399</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,110,027</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>IBRD</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>3,367</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>97,264</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>100,631</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Eurobonds </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>308,082</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>765,060</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,073,142</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>JICA</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>23,801</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>47,602</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>47,602</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>48,015</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>48,429</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>59,211</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>676,195</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>950,855</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>IDB 1983AB</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>52,733</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>52,733</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>52,733</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>52,399</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>38,967</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>87,975</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>337,540</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Interests and other charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>21,462</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>21,462</FONT></P></DIV></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>TOTAL IN FOREIGN CURRENCY</FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>87,280</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>184,368</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>492,450</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>212,781</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>157,584</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>158,301</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2,300,893</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>3,593,657</FONT></I></P></DIV></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="19%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 0cm"><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Overall Total</FONT></I></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>278,842</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,059,233</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>989,968</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,235,147</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>872,548</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>948,729</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>4,434,257</FONT></I></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 2.4pt 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>9,818,724</FONT></I></P></DIV></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>53</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 70.9pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(i)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Main events in the quarter</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On June 30, 2014, the Company held the 19<SUP>th</SUP> issuance of simple, unsecured debentures, not convertible into shares, in a single series, for public distribution, totaling R$500,000, in the number of 50,000 debentures, with a unit value of R$10, whose characteristics are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: 14pt; MARGIN: 0cm 2.85pt 12pt" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 2.85pt 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Number</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Update</FONT></P></TD>

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   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 2.85pt 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 2.85pt 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Interest rates</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; TEXT-INDENT: -0.05pt; MARGIN: 0cm 2.85pt 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Payment of interest rates</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -5.65pt; MARGIN: 0cm 2.85pt 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Amortization</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Maturity</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 14pt; MARGIN: 0cm 2.85pt 12pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 2.85pt 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 2.85pt 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 2.85pt 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -5.65pt; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; TEXT-INDENT: -5.65pt; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="8%" noWrap>

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: 14pt; MARGIN: 5pt 2.85pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Single series</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 2.85pt 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>50,000</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 5pt 2.85pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="2%" noWrap>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 2.85pt 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="19%" noWrap>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 2.85pt 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>DI+ 0.80% at 1.08% p.a.</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" vAlign=top width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="16%" noWrap>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -5.65pt; MARGIN: 5pt 2.85pt 5pt 8.5pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Half-yearly (June and December)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="14%" noWrap>

   <P style="TEXT-ALIGN: center; TEXT-INDENT: -5.65pt; MARGIN: 5pt 2.85pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Lump sum</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 5pt 2.85pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 2017</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The proceeds raised by the 19<SUP>th</SUP> Issue of Debentures will be allocated to pay the Company&#8217;s financial commitments.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0pt 70.9pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(ii)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Covenants</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Some loan and financial agreements have clauses related to meeting certain financial ratios with quarterly or yearly evidence. These covenants are the same disclosed in Note 15 to the Annual Financial Statements as of December 31, 2013.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>19<SUP>th</SUP> Issue of Debentures </FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The indicators are calculated on a quarterly basis, upon the disclosure of the interim or annual financial statements: </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Total Adjusted Debt in relation to EBITDA must be less than or equal to 3.65; </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>EBITDA in relation to the financial expenses paid must be equal to or higher than 1.5; and </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Decrease in Net Revenue not exceeding 25%, due to termination of license, loss of concession or loss of capacity to execute and operate basic sanitation public utilities, considered severally or jointly. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The Company&#8217;s failure to comply with the indicators will result in the early maturity of agreement. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The agreement has a cross default clause, i.e., the early maturity of any Company&#8217;s debt, in the individual or aggregate amount equal to or higher than one hundred and twenty thousand reais (R$120,000) due to contractual default, the occurrence of which may impact the compliance with the Company&#8217;s financial obligations deriving from the Issue, will result in the early maturity of this agreement.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On June 30, 2014, the Company had met the requirements set forth by its loan and financing agreement.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Leasing</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company has lease agreements signed as Financial Lease. During the construction period, works are capitalized to intangible assets in progress and the lease amount is recorded at the same proportion. Works are estimated to be concluded in 2014 and 2015</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>After startup, the lease payment period starts (240 monthly installments), whose amount is periodically restated by contracted price index</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On August 31, 2013, the operation of SES Campo Limpo Paulista and V&#225;rzea Paulista started and the corresponding amount for June 30, 2014 and December 31, 2013 is R$141,504 and R$144,384, respectively.</FONT></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>54</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On March 22, 2014, ETE Campos do Jord&#227;o started operations and the corresponding amount on June 30, 2014 is R$136,834.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(b) Loans and financing contracted and not yet used</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>SABESP in order to comply with its Capex plan relies on a fund-raising plan.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Financing resources contracted have specific purposes, which have been released for the execution of their respective investments, according to the progress of the works.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Agent</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>June 30, 2014</FONT></B></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: center; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=center><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(in millions of reais (*))</FONT></FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Brazilian Federal Savings Bank</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>2,513</FONT></FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Japan International Cooperation Agency &#8211; JICA</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>651</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Inter-American Development Bank &#8211; BID</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>673</FONT></FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Brazilian Development Bank &#8211; BNDES</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>2,075</FONT></FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>International Bank for Reconstruction and Development - IBRD</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>119</FONT></FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Others</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>46</FONT></FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="70%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>TOTAL</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=top width="4%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="26%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>6,077</FONT></B></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(*) Closing quote of 6/30/2014. (US$1.00 = R$2.2025; &#165; 1.00 = R$0.02175).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On June 30, 2014, new financing agreements were entered into with BNDES, totaling R$61,143 and with CEF, totaling R$320,804.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0cm 0.95pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>15&nbsp;&nbsp; Taxes Payable</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(a)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Current assets</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.3pt 0pt 0cm"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.3pt 0pt 0cm"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Recoverable taxes</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.3pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Cofins and Pasep</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="25%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,336</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.3pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Income tax and social contribution</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="25%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>82,294</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>79,548</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="46%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.3pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Withholding income tax (IRRF) on financial investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="25%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,151</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,437</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="46%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.3pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other federal taxes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="25%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>634</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,764</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="46%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.3pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other municipal taxes</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="25%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>512</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>656</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="46%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 6.3pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total recoverable taxes</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="25%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>88,927</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="29%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 6.3pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>87,405</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="1%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>55</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="91%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(b)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Current liabilities</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B></FONT>&nbsp;</P>

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



<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Taxes and contributions payable</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Cofins and Pasep</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>21,797</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>INSS (Social Security contribution)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>31,671</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>30,822</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>IRRF (withholding income tax)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,469</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>39,330</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>20,148</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>23,433</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>53,288</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>115,382</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The decrease in taxes payable of current liabilities mainly derives from the payment of withholding income tax over interest on shareholders&#8217; equity in 2013 and Cofins and Pasep recoverable relative to previous periods.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0cm 0.95pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0cm 0.95pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0cm 0.95pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>16&nbsp;&nbsp; Deferred Taxes and Contributions</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: normal; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 36pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(a)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Equity balances</FONT></B></P>

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

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<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 3.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 3.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=#000000 face=georgia>December 31, 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Deferred income tax assets</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Provisions</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; TEXT-INDENT: -7.1pt; MARGIN: 1pt 3.85pt 1pt 7.1pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>499,261</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>506,568</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Pension obligations &#8211; G0 (1)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>85,271</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>85,271</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Pension obligations &#8211; G1</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>222,468</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>215,187</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Actuarial gain/loss &#8211;G1 Plan</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(32,405)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt; TEXT-DECORATION: none" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(32,405)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Donations of underlying assets on concession agreements</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>43,999</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>43,901</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Allowance for loan losses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>179,873</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>172,482</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>112,488</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>87,266</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total deferred tax assets</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,110,955</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,078,270</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Deferred income tax liabilities</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Temporary difference on concession intangible assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(579,508)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(595,285)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Capitalization of borrowing costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(210,463)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(200,343)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Profit on supply to governmental entities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(81,574)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(81,711)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(95,970)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(86,901)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 3.85pt 0pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total deferred tax liabilities</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(967,515)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(964,240)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="53%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Deferred tax asset, net</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>143,440</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 17pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 1pt 3.85pt 1pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>114,030</FONT></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0pt 53.4pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face=georgia>(1)</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Refers to the installment of R$250,798 from accounts receivable adjustment (GESP), which was accrued as loss in previous years</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>56</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Changes</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 13pt; MARGIN: 0cm 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Net Variation in Profit or Loss</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Deferred income tax assets</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Provisions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>506,568</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(7,307)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>499,261</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Pension obligations &#8211; G0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>85,271</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>85,271</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Pension obligations &#8211; G1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>215,187</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>7,281</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>222,468</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Actuarial gain/loss &#8211;G1 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(32,405)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(32,405)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Donations of underlying assets on concession agreements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>43,901</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>98</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>43,999</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Credit losses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>172,482</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>7,391</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>179,873</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>87,266</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>25,222</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>112,488</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,078,270</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>32,685</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,110,955</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Deferred income tax liabilities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Temporary difference on concession intangible assets</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(595,285)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>15,777</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(579,508)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Capitalization of borrowing costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(200,343)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(10,120)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(210,463)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Profit on supply to governmental entities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(81,711)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>137</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(81,574)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(86,901)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(9,069)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(95,970)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(964,240)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(3,275)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(967,515)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Deferred tax asset, net</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>114,030</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>29,410</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>143,440</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 5.4pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>2012</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Net Variation in Profit or Loss </FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Deferred tax assets</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Provisions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>512,107</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>4,583</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>516,690</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Pension obligations &#8211; G0</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>85,271</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>85,271</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Pension obligations - G1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>193,125</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>11,674</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>204,799</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Actuarial gains(losses)&#8211; G1</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>9,405</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>9,405</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Donations of underlying assets on concession agreements</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>41,312</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>104</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>41,416</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Credit losses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>162,670</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>6,414</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>169,084</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Other</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>97,425</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(11,575)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>85,850</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,101,315</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>11,200</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,112,515</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Deferred tax liabilities</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Temporary difference on intangible asset concession</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(650,093)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>35,456</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(614,637)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Capitalization of borrowing costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(158,298)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(45,120)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(203,418)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Profit on supply to governmental entities</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(77,827)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(2,928)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(80,755)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Other </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(69,795)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(8,238)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(78,033)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Total</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(956,013)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(20,830)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(976,843)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="44%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Deferred tax assets, net</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>145,302</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(9,630)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="5%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="14%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>135,672</FONT></P></TD></TR></TABLE></DIV>

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

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></B>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>57</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

<DIV align=left>

<TABLE style="LINE-HEIGHT: 115%; WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD vAlign=top width="91%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

   <TD vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(c)&nbsp;&nbsp; &nbsp;Reconciliation of the effective tax rate</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The amounts recorded as income and social contribution tax expenses in the financial statements are reconciled to the statutory rates, as shown below</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>:</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 98%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 7.1pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>April to June 2014</FONT></B></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>January to June 2014</FONT></B></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN-LEFT: 0cm; MARGIN-RIGHT: 2.85pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN-LEFT: 0cm; MARGIN-RIGHT: 2.85pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>April to June 2013</FONT></B></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: center; MARGIN-LEFT: 0cm; MARGIN-RIGHT: 2.85pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: center; MARGIN-LEFT: 0cm; MARGIN-RIGHT: 2.85pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>January to June 2013</FONT></B></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Profit before income taxes</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>422,765</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,162,789</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>508,908</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,271,359</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Statutory rate</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>34%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>34%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>34%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>34%</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Estimated expenses at statutory rate</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(143,740)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(395,348)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(173,029)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(432,262)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Tax benefit from interest on shareholders&#8217; equity</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>27,411</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>27,411</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>27,268</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>27,268</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Permanent differences</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Provision - Law 4,819/58 (i)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(13,129)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(25,787)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(8,944)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(18,263)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Donations</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(2,201)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(4,373)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(3,818)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(4,877)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other differences</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>11,316</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>15,316</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>11,284</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>14,646</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Income tax and social contribution</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(120,343)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(382,781)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(147,239)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(413,488)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Current income tax and social contribution</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(135,474)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(412,191)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(116,317)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(403,858)</FONT></P></TD></TR>

<TR style="PAGE-BREAK-INSIDE: avoid; HEIGHT: 14.2pt">

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Deferred income tax and social contribution</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>15,131</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>29,410</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(30,922)</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(9,630)</FONT></P></TD></TR>

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   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Effective rate</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>28%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>33%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>29%</FONT></P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>33%</FONT></P></TD></TR>

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   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="42%" noWrap>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <TD style="HEIGHT: 14.2pt" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Permanent difference related to the provision for actuarial liability (Note 18 (b) (iii)).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0cm 54pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0cm 54pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(d)&nbsp;&nbsp; Transition Tax Regime</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> (RTT)</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>For the purposes of calculating the income tax and the social contribution related to 2009 and 2008, the Company opted to adopt the Transition Tax Regime (RTT), which allow eliminate the accounting effects of the Law 11,638/07 and the Provisional </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Presidential Decree</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> 449/08, converted into Law No. 11,941/2009, by the registers in the fiscal books &#8211; LALUR and auxiliary controls, without any modification in the bookkeeping</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The Company has been adopting the same tax practices since 2008, as RTT started to be mandatory.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(e)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Law 12,973/2014</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On May 13, 2014, the Provisional Presidential Decree 627 of November 11, 2013 was converted into Law 12,973, which amend the federal tax laws related to the Corporate Income Tax - IRPJ, Social Contribution on Net Income - CSLL, Contribution to PIS/Pasep and Contribution to Social Security Financing&#8211; Cofins and revokes the Tax Transition System- RTT, enacted by Law No.11,941 of May 27, 2009.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Pursuant to this law, each legal entity may adopt the rules as of January 1, 2014, an option of which shall be irreversibly expressed to the Federal Revenue Service, except for Articles 3, 72 to 75 and 93 to 119, which are in force as of the publication date. The Company has decided not to adopt such anticipated option. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The analyses prepared by the Company do not show relevant impacts on its operations and on its accounting information for the period ended June 30, 2014</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="Frutiger Light">.</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>17&nbsp;&nbsp; Provisions</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp; Lawsuits with probable likelihood of loss</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 1cm; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(i) Financial position balances</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company is party to a number of claims and legal proceedings arising in the normal course of business, including civil, tax, labor and environmental matters. Management, recognized provisions at an amount considered sufficient to cover probable losses. These provisions, net of escrow deposits are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

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   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P>

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Provisions</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Escrow deposits</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>June 30, 2014</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Provisions</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Escrow deposits</FONT></B></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>December 31, 2013</FONT></B></FONT></P></TD></TR>

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   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Customer claims (i)</FONT></FONT></P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>658,317</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(115,015)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>543,302</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>621,999</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(110,384)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>511,615</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Supplier claims (ii)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>262,615</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(189,727)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>72,888</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>340,100</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(183,606)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>156,494</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Other civil claims (iii)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>109,722</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(9,459)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>100,263</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>129,400</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(11,965)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>117,435</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Tax claims</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia> (iv)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>53,273</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>-</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>53,273</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>59,659</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(1,956)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>57,703</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Labor claims</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia> (v)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>168,262</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(1,962)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>166,300</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>156,060</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(1,614)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>154,446</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Environmental claims</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia> (vi)</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>216,225</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>-</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>216,225</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>182,689</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>-</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>182,689</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Total</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,468,414</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(316,163)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,152,251</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,489,907</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(309,525)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,180,382</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="23%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Current</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>549,285</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>-</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>549,285</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>631,374</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>-</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>631,374</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="23%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Noncurrent</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>919,129</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(316,163)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>602,966</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>858,533</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(309,525)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>549,008</FONT></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 1cm; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(ii) Changes</FONT></B></FONT></P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>December 31, 2013</FONT></B></FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Additional provisions</FONT></B></FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Interest and inflation adjustment</FONT></B></FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Amounts from provision</FONT></B></FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Amounts not used</FONT></B></FONT></P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(reversal)</FONT></B></FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>June 30, 2014</FONT></B></FONT></P></DIV></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Customer claims (i)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>621,999</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>27,445</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>51,245</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(26,250)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(16,122)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>658,317</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Supplier claims (ii)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>340,100</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,198</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>10,285</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(65,937)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(23,031)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>262,615</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Other civil claims (iii)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>129,400</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>12,435</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>12,760</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(10,794)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(34,079)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>109,722</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Tax claims (iv)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>59,659</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>620</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>4,293</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(2,041)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(9,258)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>53,273</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Labor claims (v)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>156,060</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>37,462</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>9,994</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(24,255)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(10,999)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>168,262</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Environmental claims (vi)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>182,689</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>33,903</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>10,691</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>-</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(11,058)</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>216,225</FONT></U></FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Subtotal</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,489,907</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>113,063</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>99,268</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(129,277)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(104,547)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,468,414</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Escrow deposits</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(309,525)</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(16,395)</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(12,317)</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>22,074</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>-</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(316,163)</FONT></U></FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Total</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,180,382</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>96,668</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>86,951</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(107,203)</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(104,547)</FONT></U></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="13%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt" align=right><FONT style="LINE-HEIGHT: 110%" face=georgia><U><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,152,251</FONT></U></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>59</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lawsuits with possible likelihood of loss</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company is party to lawsuits and administrative proceedings relating to environmental, tax, civil and labor claims, which are assessed by Management whose chances of loss are possible and are not recorded. Liability contingencies classified as possible loss represent the amount of approximately R$3,717,100 on June 30, 2014 (R$3,244,500 in December 2013).</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Explanation on the nature of main classes of lawsuits</FONT></B></FONT></P>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 64.35pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(i)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Customer claims</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0cm 38.25pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Approximately 1,300 lawsuits were filed by commercial customers, which claim that their tariffs should correspond to other consumer categories, and 720 lawsuits which claim a reduction in the sewage tariff due to losses in the system, consequently requesting the refund of amounts charged by the Company. The Company was granted both favorable and unfavorable final decisions at several court levels and recognized provisions when the chances of losses are probable. The R$31,687 increase in the lawsuits classified as probable loss (net of escrow deposits) is related to new lawsuits filed and interest rates, fees and updates of lawsuits in progress, partially offset by payments made in the year and revisions of expectations caused by favorable decisions during 2014. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 64.35pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(ii)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Supplier claims</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Suppliers&#8217; claims include lawsuits filed by some suppliers alleging underpayment of monetary restatements, withholding of amounts related to the understated inflation rates deriving from Real economic plan, and the economic and financial imbalance of the agreements. These lawsuits are in progress at different courts and a provision is recognized when the chances of losses are probable. The R$83,606 decrease in lawsuits whose likelihood of loss is considered probable (net of escrow deposits) is mainly related payments made during 2014.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 64.35pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(iii)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Other civil claims</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>These mainly refer to indemnities for property damage, pain and suffering, and loss of profits allegedly caused to third parties, filed at different court levels, dully accrued when classified as probable losses. The R$17,172 decrease in lawsuits with probable chances of loss (net of escrow deposits) was mainly due to shelving of several lawsuits and revisions of expectations caused by favorable decisions to the Company during 2014.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 64.35pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(iv)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Tax claims</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Tax claims refers mainly to issues related to tax collections challenged due to differences in the interpretation of legislation by the Company's management, accrued when classified as probable loss. The decrease of R$4,430 in lawsuits with expectation of probable losses (net of escrow deposits) was mainly due to favorable decisions to the Company.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 64.35pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(v)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Labor claims</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company is a party to labor lawsuits, involving issues such as overtime, shift schedule, health hazard premium and hazardous duty premium, prior notice, change of function, salary equalization, and other. Part of the amount involved is in provisional or final execution at various court levels, and thus is classified as of probable or possible loss. The Company recognized a provision for claims which likelihood of loss is considered probable. The R$11,854 increase in lawsuits with probable chances of losses (net of escrow deposits) is related to new lawsuits filed and interest rates, fees and updates of lawsuits in progress. </FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 64.35pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(vi)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Environmental claims</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Environmental claims refer to several administrative proceedings and lawsuits filed by government entities, including Companhia de Tecnologia de Saneamento Ambiental &#8211; Cetesb, Public Prosecution Office of the State of S&#227;o Paulo and others, that aim affirmative and negative covenants and penalty is estimated due to failure to comply in addition to the imposition of indemnity due to environmental damages allegedly caused by the Company. The amounts accrued represent the best estimate of the Company at this moment, however, may differ from the amount to be disbursed as indemnity to alleged damages, in view of the current stage of referred proceedings. The R$33,536 increase in lawsuits with expectation of probable losses (net of escrow deposits) is mainly related to the complementary estimates of lawsuits, agreements in progress and new lawsuits filed during the period of 2014</FONT></FONT><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>18&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Employee Benefits</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Health benefit plan</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The health benefit plan is managed by Funda&#231;&#227;o Sabesp de Seguridade Social - SABESPREV and consists of optional, free choice, health plans sponsored by contributions of SABESP and the active participants, as follows</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Company</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>: 7.3 % </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>on average, of gross payroll</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Participating employees - 3.21% of base salary and premiums, equivalent to</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> 2.1%</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> of payroll, on average</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pension plan benefits</FONT></B></FONT></P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Amounts recorded in the statement of financial position</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Funded plan &#8211; G1</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Pension plan liabilities on December 31, 2013 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>546,748</FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="75%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Expenses recognized in 2014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>32,181</FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="75%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Payments made in 2014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(10,767)</FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="75%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Pension plan liabilities on June 30, 2014 (i)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.95pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>568,162</FONT></B></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="75%" noWrap>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.95pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="75%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Unfunded plan &#8211; G0</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.95pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="75%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Pension plan liabilities on December 31, 2013 </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,780,268</FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="75%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Expenses recognized in 2014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>112,466</FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="75%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Payments made in 2014</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.95pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(68,057)</FONT></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="75%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Pension plan liabilities on June 30, 2014 (iii)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.95pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,824,677</FONT></B></P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="75%" noWrap>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.95pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 15.6pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="75%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Total</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 15.6pt; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.95pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>2,392,839</FONT></B></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 107%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 107%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>61</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 107%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 107%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 63.8pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plan G1</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 107%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 107%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company sponsors a defined benefit pension plan for its employees ("Plan G1"), which is managed by Funda&#231;&#227;o SABESP de Seguridade Social &#8211; SABESPREV, the defined benefit plan is sponsored by similar contributions established in a plan of subsidy of actuarial study of SABESPREV, as follows</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -17.85pt; MARGIN: 0cm 0cm 3pt 35.7pt"><FONT style="LINE-HEIGHT: 110%" color=black face=symbol><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>1.19% of the portion of the salary of participation up to 20 salaries; and</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -17.85pt; MARGIN: 0cm 0cm 3pt 35.7pt"><FONT style="LINE-HEIGHT: 110%" color=black face=symbol><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=symbol>&#183;</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>10.13% of the surplus, if any, of the portion of the salary of participation over 20 salaries.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0cm 35.4pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 107%; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>As of June 30, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>2014, </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>SABESP had a net actuarial liability of</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R$568,162 (R$546,748 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>in December </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>2013) </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>representing the difference between the present value of the Company's defined benefit obligations to the participating employees, retired employees, and pensioners; the fair value of the related assets</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -35.45pt; MARGIN: 0cm 0cm 0pt 63.8pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Private pension plan benefits &#8211; Defined contribution</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On June 30, 2014, Sabesprev Mais plan, based on defined contribution, had 5,256 (5,267 in December 2013) active and assisted participants.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>With respect to the Sabesprev Mais plan, </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>the contributions from the sponsor represent 100% over the total basic contribution from the participants</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On June 30, 2014, </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>the commitment to all participants who migrated to </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>the Sabesprev Mais plan </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>amounted to</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R$9,958 (R$10,613 </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>in December 2013</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>) </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>referred to active participants. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 1cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt 1cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Plan G0</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Pursuant to Law 4,819/58, employees who started services prior to May 1974 and were retired as an employee of the Company acquired a legal right to receive supplemental pension payments, which rights are referred as "Plan G0". The Company pays these supplemental benefits on behalf of the State Government and makes claims for reimbursements from the State Government, which are recorded as accounts receivable from shareholder, limited to the amounts considered virtually certain that will be reimbursed by the State Government. As of </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>June 30, 2014,</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> the Company recorded a defined benefit obligation for Plan G0 of</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R$1,824,677 (R$1,780,268 in December 2013).</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 13pt; MARGIN: 0cm"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Profit sharing</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company recorded as reference to the 2014 Profit Sharing Program, the amount corresponding to one-month salary for each employee, depending on the establishment goals. In the second quarter of 2014, R$19,304 was accrued (second quarter of 2013 &#8211; R$18,380). From January to June 2014 and 2013, </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>R$36,516 and R$34,054, respectively were accrued.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 105%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt 0.55pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 105%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>19&nbsp;&nbsp; Services payable</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The services account records the balances payable, mainly from services received from third parties, such as supply of electric power, reading of hydrometers and delivery of water and sewage bills, cleaning, surveillance and security services, collection, legal counsel services, audit, marketing and advertising and consulting services, among others. This account also records the amounts payable from the percentage in the revenues of S&#227;o Paulo local government. The balances on June 30, 2014 and December 31, 2013 were R$334,123 and R$323,208, respectively.</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 105%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt 0.55pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 105%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>20&nbsp;&nbsp; Equity</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm; MARGIN: 0cm; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(a)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Authorized capital</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company is authorized to increase capital by up to R$15,000,000 (R$10,000,000 in December 2013), based on a Board of Directors' resolution, after submission to the Fiscal Council</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>In the event of capital increase, issue of convertible debentures and/or warrants by means of private subscription, shareholders will have preemptive right in the proportion of number of shares held, pursuant to Article 171 of Law 6.404/76.</FONT></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm; MARGIN: 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(b)</FONT></B><B><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Subscribed and paid-in capital</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Subscribed and paid-in capital is represented by</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> 683,509,869</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia> registered, book-entry common shares without par value as of </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>June 30, 2014 (683,509,869 in December 2013) </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>held as follows</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>:</FONT></FONT></P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 4.8pt 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>June 30, 2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=center><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>December 31, 2013</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 4.8pt 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Number of shares</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>%</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Number of shares</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 4.8pt 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>State Department of Finance</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>343,524,285</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>50.26%</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>343,524,258</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>50.26%</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Brazil Clearing and Depository Corporation - CBLC</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>163,560,475</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>23.93%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>174,076,755</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>25.47%</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>The Bank Of New York ADR Department (equivalent in shares) (*)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>175,816,202</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>25.72%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>165,291,202</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>24.18%</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" width="42%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>608,907</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>0.09%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>617,654</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>0.09%</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 4.8pt 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="42%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 4.8pt 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>683,509,869</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>100.00%</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>683,509,869</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 4.8pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>100.00%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 107%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 12pt 14.2pt"><FONT style="LINE-HEIGHT: 107%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(</FONT></FONT><FONT style="LINE-HEIGHT: 107%" color=black face=georgia><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>*)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each ADR corresponds to 1 share. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 107%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 12pt 14.2pt"><FONT style="LINE-HEIGHT: 107%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 107%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 12pt 14.2pt"><FONT style="LINE-HEIGHT: 107%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The following was approved at the Annual and Extraordinary Shareholders&#8217; Meetings held on April 30, 2014:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 105%; TEXT-INDENT: -11.35pt; MARGIN: 3pt 0cm 3pt 29.2pt"><FONT style="LINE-HEIGHT: 105%" color=black face=symbol><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 105%" face=georgia><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face=georgia>the distribution of dividends as interest on shareholders&#8217; equity amounting to</FONT></FONT><FONT style="LINE-HEIGHT: 105%" color=black face=georgia><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> R$537,465;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 105%; TEXT-INDENT: -11.35pt; MARGIN: 3pt 0cm 3pt 29.2pt"><FONT style="LINE-HEIGHT: 105%" color=black face=symbol><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 105%" color=black face=georgia><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>the capital increase from R$6,203,688 to R$10,000,000, due to the </FONT></FONT><FONT style="LINE-HEIGHT: 105%" color=black face=georgia><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>capitalization of part of profit reserve and total capital reserve</FONT></FONT><FONT style="LINE-HEIGHT: 105%" color=black face=georgia><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>, totaling R$3,672,057 and R$124,255, respectively; and,</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 105%; TEXT-INDENT: -11.35pt; MARGIN: 3pt 0cm 0pt 29.2pt"><FONT style="LINE-HEIGHT: 105%" color=black face=symbol><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=symbol>&#183;</FONT><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 105%" color=black face=georgia><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>regardless of Bylaws amendment, the capital stock may be increased up to the maximum limit of R$15,000,000, by means of the Board of Directors&#8217; resolution and previously hearing the fiscal council.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The payment of interest on shareholders&#8217; equity in the amount of R$499,768, net of withholding income tax of R$37,697, totaling R$537,465, started in June 2014, with the amount of R$467,438 paid.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Further information about equity, such as shareholder&#8217; compensation, dividends and purpose of reserves, can be found in Note 21 to the Annual Financial Statements as of December 31, 2013.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 105%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt 0.55pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 105%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>21&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 105%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Earnings per Share</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Basic and diluted</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 105%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 105%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 105%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 105%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Basic earnings per share is calculated by dividing the income attributable to the Company&#8217;s shareholders by the weighted average number of outstanding common shares during the year. </FONT></FONT><FONT style="LINE-HEIGHT: 105%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The Company does not have potentially </FONT></FONT>


<FONT style="LINE-HEIGHT: 105%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>dilutive common shares outstanding or debts convertible into common shares. Accordingly, basic and diluted earnings per share are equal</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>63</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>January to June 2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>January to June 2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Income attributable to the Company&#8217;s shareholders</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>780,008</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>857,871</FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Weighted average number of common shares issued</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>683,509,869</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>683,509,869</FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Basic and diluted earnings per share (</FONT><I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>reais</FONT></I><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia> per share)</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1.14118</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1.25510</FONT></P></TD>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(*) Amount restated due to the split occurred on April, 22, 2013.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 105%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 105%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>22&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 105%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Business segment information</FONT></B><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Management, comprised by the Board of Directors and the Board of Executive Officers, has determined the operating segments used to make strategic decisions, as water supply and sewage services.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Result</FONT></FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt 0cm" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June 2014</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><B><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></I></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Water</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Sewage</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia>Reconciliation to the financial statements</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia>Balance as per financial statements</FONT></B></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Gross operating income from external customers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,231,368</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>992,649</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>678,749</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2,902,766</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Gross sales deductions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(82,335)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(66,278)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(148,613)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Net operating income from external customers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,149,033</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>926,371</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>678,749</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2,754,153</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Costs, selling and administrative expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(1,026,630)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(624,222)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(664,217)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(2,315,069)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Income from operations before other operating expenses, net and equity accounting </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>122,403</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>302,149</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>14,532</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>439,084</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Other operating income (expenses), net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>5,209</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Equity accounting</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>49</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Financial result, net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(21,577)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Income from operations before taxes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>422,765</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="38%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Depreciation and amortization</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>117,456</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="7%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>105,138</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>222,594</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>64</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 14.15pt">

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" width="58%" colSpan=7 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia>January to June 2014</FONT></B></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><B><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></I></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia>Water</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia>Sewage</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia>Reconciliation to the financial statements</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia>Balance as per financial statements</FONT></B></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Gross operating income from external customers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2,571,445</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2,097,003</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,209,976</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>5,878,424</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Gross sales deductions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(183,058)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(149,283)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(332,341)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Net operating income from external customers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2,388,387</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,947,720</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,209,976</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>5,546,083</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 5pt 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Costs, selling and administrative expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(1,956,371)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(1,209,997)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(1,184,689)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(4,351,057)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 5pt 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Income from operations before other operating expenses, net and equity accounting </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>432,016</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>737,723</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>25,287</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,195,026</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Other operating income (expenses), net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(37,860)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Equity accounting</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(319)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Financial result, net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>5,942</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Income from operations before taxes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,162,789</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Depreciation and amortization</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 2.4pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>262,592</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>220,260</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>482,852</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>65</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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<TR style="HEIGHT: 14.15pt">

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" width="58%" colSpan=7 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 0pt 0cm" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June 2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><B><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></I></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #000000 1px solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; BORDER-TOP: #000000 1px solid; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Water</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Sewage</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia>Reconciliation to the financial statements</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; BORDER-TOP: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="20%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia>Balance as per financial statements</FONT></B></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 0cm"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Gross operating income from external customers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,272,899</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,034,529</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>656,844</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2,964,272</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Gross sales deductions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(92,674)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(75,320)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(167,994)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Net operating income from external customers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,180,225</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>959,209</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>656,844</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2,796,278</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Costs, selling and administrative expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(872,632)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(565,649)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(643,229)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(2,081,510)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Income from operations before other operating expenses, net and equity accounting </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>307,593</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>393,560</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>13,615</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>714,768</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Other operating income (expenses), net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,507</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Equity accounting</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(111)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Financial result, net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(207,256)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Income from operations before taxes</FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>508,908</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Depreciation and amortization</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>104,770</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>91,988</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>196,758</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>66</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June 2013</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><B><I><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></I></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Water</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Sewage</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia>Reconciliation to the financial statements</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=#000000 face=georgia>Balance as per financial statements</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Gross operating income from external customers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2,558,801</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2,067,474</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,152,453</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>5,778,728</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Gross sales deductions</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(186,620)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(150,786)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(337,406)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Net operating income from external customers</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>2,372,181</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,916,688</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,152,453</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>5,441,322</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Costs, selling and administrative expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(1,761,596)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(1,109,309)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(1,129,191)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(4,000,096)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Income from operations before other operating expenses, net and equity accounting </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>610,585</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>807,379</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>23,262</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,441,226</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US face=georgia>Other operating income (expenses), net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>10,342</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Equity accounting</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>&nbsp;</TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(261)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Financial result, net</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>(179,948)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Income from operations before taxes</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>1,271,359</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="40%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>Depreciation and amortization</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>210,023</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="6%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>181,901</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>-</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="20%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>391,924</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Explanation on the reconciliation items for the Financial Statements: the impacts on gross operating income and in costs are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Gross revenue from construction recognized under ICPC 1 (R1) (a)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>678,749</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,209,976</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>656,844</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,152,453</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Construction costs recognized under ICPC 1 (R1) (a)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>664,217</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,184,689</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>643,229</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,129,191</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="47%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Construction margin</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>14,532</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>25,287</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>13,615</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>23,262</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -18pt; MARGIN: 0cm 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(a)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Revenue from concession construction contracts is recognized in accordance with</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> CPC 17 (R1), C</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>onstruction Contracts (IAS 11), using the percentage-of-completion method</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>. See Note 12 (c) and (f).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>67</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>23&nbsp;&nbsp; Operating Revenue </FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenue from water and sewage services:</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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<TR style="HEIGHT: 14.15pt">

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   <P style="MARGIN: 0cm 2.85pt 2.4pt 0cm"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="47%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="47%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Metropolitan region of S&#227;o Paulo</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,579,335</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,308,583</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,701,779</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,389,795</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="47%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Regional Systems (i) </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>644,682</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,359,865</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>605,649</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,236,480</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="47%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="47%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total (ii)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="12%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,224,017</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,668,448</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,307,428</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,626,275</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(i)&nbsp; Including the municipalities operated in countryside and at the coast of the State of S&#227;o Paulo.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenue from water and sewage services decreased by 3.6% in the second quarter of 2014 year-on-year. This result was mainly impacted by the incentive program for reduction of consumption (Bonus*). </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>* Bonus: SABESP&#8217;s Incentive Program for Reduction of Water Consumption </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>After ARSESP&#8217;s approval on an emergency basis by means of Resolution 469/2014, SABESP adopted an economic incentive to encourage the population of Greater S&#227;o Paulo to reduce water consumption. This measure was adopted due to the record heat and the unheard lack of rainfall at the Cantareira System, which is at a critical level and supplies almost 10 million people.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Consumers who reduce by, at least, 20% the average consumption of the twelve-month period, between February 2013 and January 2014, will receive 30% discount in their bills. The discount shall apply to a smaller amount, since reduced consumption will result in cheaper bills.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>This measure applies to households, commerce and industries supplied by the Cantareira System &#8211; the entire north zone and S&#227;o Paulo downtown, part of the east and west zones of S&#227;o Paulo, Barueri, Caieiras, Carapicu&#237;ba, Francisco Morato, Franco da Rocha, Itapevi, Jandira, Osasco and Santana de Parna&#237;ba. In Guarulhos and S&#227;o Caetano do Sul, also supplied by the Cantareira System, distribution relies on the local governments, which buy water from SABESP. The municipal services shall resolve on granting this incentive.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The benefit will be valid for the bills of reference months from February to August, and consumers will receive the bills between March and September. In Santana de Parna&#237;ba, this measure will be applied in the reference months from March to August and consumers will receive the bills between April and September.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>However, in April 2014, the incentive program for reduction of water consumption was postponed until the end of 2014 to the entire S&#227;o Paulo metropolitan region, or until water levels at reservoirs are regularized. Due to the dry weather and the low water volume at the Cantareira System, the Department of Water and Electricity of the State of S&#227;o Paulo (DAEE) and the National Water Agency (ANA) set forth that, as of March 10, 2014, we are temporarily required to restrict the water outflow caught from the Cantareira System, from 33m<SUP>3</SUP>/s to 27.9m<SUP>3</SUP>/s. In order to supply this lower water availability and continue supplying the population, we are expanding the use of water from other water mains. This may increase costs to serve consumers of the metropolitan region of S&#227;o Paulo. If the situation of the reservoirs affected by dry weather does not improve, we may be forced to take more drastic measures.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>On May 26, 2014, the Incentive Program for Reduction of Water Consumption was expanded to the municipalities operated by SABESP which compose by Piracicaba basins, Capivari and Jaguari rivers, located in the coverage area of the Cantareira System.</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Likewise, consumers who reduce by, at least, 20% their monthly consumption will be entitled to bonus, compared to the average consumption of the twelve-month period, between February 2013 and January 2014. These consumers will receive 30% discount on their water and sewage bills. </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=black face=georgia>The participating municipalities are Bragan&#231;a Paulista, Joan&#243;polis, Nazar&#233; Paulista, Pinhalzinho, Piracaia, Vargem, Hortol&#226;ndia, Itatiba, Jarinu, Monte Mor, Morungaba and Paul&#237;nia.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=PT-BR color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>This measure includes residential, commercial, industrial and government customers and will be valid for the bills issued as of June 2014, effective until December 2014.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The amount of the discount for the first and second quarters of 2014 was R$10,778 and R$88,084, respectively.</FONT></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(b)&nbsp;&nbsp;&nbsp;&nbsp; Reconciliation between gross operating income and net operating income:</FONT></B></FONT></P>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2013</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2013</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Revenue from water and sewage services</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,224,017</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,668,448</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,307,428</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,626,275</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Construction revenue (Note 12 (c))</FONT></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>678,749</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,209,976</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>656,844</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,152,453</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Sales tax </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(148,613)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(332,341)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(167,994)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(337,406)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="52%" noWrap>

   <P style="MARGIN: 0cm 2.85pt 2.4pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Net revenue</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 2.85pt 2.4pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,754,153</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>5,546,083</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,796,278</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 2.4pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>5,441,322</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>24&nbsp;&nbsp; Operating Costs and Expenses</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<DIV align=left>

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



<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Operating costs</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Salaries and payroll charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>388,229</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>732,528</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>343,874</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>662,609</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Pension obligations </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>11,982</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>23,751</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>14,316</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>29,718</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Construction costs (Note 12 (c))</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>664,217</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,184,689</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>643,229</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,129,191</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>General supplies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>43,595</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>88,545</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>44,557</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>85,132</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Treatment supplies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>64,598</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>134,252</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>55,141</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>120,017</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Outsourced services</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>209,742</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>410,215</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>205,295</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>369,025</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Electricity</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>144,133</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>283,823</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>132,579</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>276,966</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>General expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>100,409</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>208,389</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>106,297</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>222,647</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Depreciation and amortization</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>203,228</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>442,658</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>186,657</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>373,506</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,830,133</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>3,508,850</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,731,945</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,268,811</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Selling expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Salaries and payroll charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>60,628</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>115,500</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>54,636</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>106,122</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Pension obligations </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,540</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>3,093</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,949</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,550</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>General supplies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,071</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>2,170</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,844</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,962</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Outsourced services</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>65,856</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>127,985</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>61,865</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>88,292</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Electricity</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>138</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>304</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>134</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>306</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>General expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>21,795</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>41,081</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>22,865</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>41,226</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Depreciation and amortization</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,569</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>5,368</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,590</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>5,308</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; TEXT-INDENT: 0.65pt; MARGIN: 0cm 2.85pt 0pt 14pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Allowance for doubtful accounts, net of recoveries (Note 7 (c))</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>61,635</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>76,328</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>18,839</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>56,239</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>215,232</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>371,829</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>164,722</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>306,005</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Administrative expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Salaries and payroll charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>46,616</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>88,753</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>45,495</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>87,350</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Pension plan</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>42,407</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>84,515</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>31,692</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>63,431</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>General supplies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,291</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>3,339</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,981</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,565</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Outsourced services</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>75,985</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>128,043</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>27,958</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>66,553</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Electricity</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>256</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>418</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>260</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>528</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>General expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>67,801</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>93,204</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>57,176</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>137,888</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Depreciation and amortization</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>16,797</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>34,826</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>7,511</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>13,110</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Tax expenses</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>17,551</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>37,280</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>11,770</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>51,855</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>269,704</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>470,378</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>184,843</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>425,280</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Operating costs and expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Salaries and payroll charges</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>495,473</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>936,781</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>444,005</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>856,081</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Pension plan</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>55,929</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>111,359</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>47,957</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>97,699</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Construction costs (Note </FONT><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>12 (c))</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>664,217</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>1,184,689</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>643,229</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,129,191</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>General supplies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>46,957</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>94,054</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>49,382</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>93,659</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Treatment supplies</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>64,598</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>134,252</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>55,141</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>120,017</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Outsourced services</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>351,583</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>666,243</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>295,118</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>523,870</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Electricity</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>144,527</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>284,545</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>132,973</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>277,800</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>General expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>190,005</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>342,674</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>186,338</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>401,761</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Depreciation and amortization</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>222,594</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>482,852</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>196,758</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>391,924</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Tax expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>17,551</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>37,280</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>11,770</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>51,855</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt 14.2pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Allowance for doubtful accounts, net of recoveries (Note 7 (c)) </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>61,635</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>76,328</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>18,839</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>56,239</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="54%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,315,069</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>4,351,057</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,081,510</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>4,000,096</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt; VERTICAL-ALIGN: middle"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>25&nbsp;&nbsp; Financial Expenses and Income</FONT></B></FONT></P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 0cm"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2013</FONT></B></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Financial expenses</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="LINE-HEIGHT: normal; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Interest and charges on loans and financing &#8211; local currency</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(79,962)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(162,171)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(64,904)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(147,429)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Interest and charges on loans and financing &#8211; foreign currency</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(23,098)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(47,441)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(22,090)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(40,506)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other financial expenses (i)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(20,994)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(42,025)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(20,701)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(32,878)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Income tax over international remittance</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(4,154)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(6,739)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(2,540)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(4,417)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Inflation adjustment on loans and financing (ii)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(28,932)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(61,986)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(16,399)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(40,548)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Inflation adjustment on Sabesprev Mais deficit (iii)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(345)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(684)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(357)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(805)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other inflation adjustments (iv)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(3,378)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(5,869)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(722)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(4,360)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Interest and inflation adjustments on provisions (viii)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(29,546)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(49,492)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>20,850</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(31,581)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total financial expenses</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(190,409)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>(376,407)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(106,863)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(302,524)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Financial income</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Inflation adjustment gains (v)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>10,894</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>36,238</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>19,986</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>48,981</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Income on short-term investments</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>48,398</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>96,104</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>37,285</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>70,263</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Interest and other income (vi)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>25,583</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>49,385</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>43,769</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>75,198</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total financial income</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>84,875</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>181,727</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>101,040</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>194,442</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Financial, net before foreign exchange variations</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(105,534)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(194,680)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(5,823)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(108,082)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Net foreign exchange gains (losses)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Foreign exchange variation on loans and financing (vii)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>84,228</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>201,264</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(201,667)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(72,064)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other foreign exchange variations</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(3)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(30)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(16)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(17)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 2.4pt 2.85pt 2.4pt 7.1pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Foreign exchange gains</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(268)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(612)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>250</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>215</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 7.1pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Foreign exchange variations, net</FONT></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>83,957</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>200,622</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(201,433)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(71,866)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.15pt">

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   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 7.1pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

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   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 7.1pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Financial, net</FONT></B></FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(21,577)</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>5,942</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 2pt 2.85pt 2pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(207,256)</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.15pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 2.4pt 2.85pt 2.4pt 0cm" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(179,948)</FONT></B></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>70</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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

<P style="TEXT-ALIGN: justify; TEXT-INDENT: -14.2pt; MARGIN: 0cm 0cm 0pt 14.2pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P>

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

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -25.65pt; MARGIN: 0cm 0cm 0cm 54pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(i)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>There was no significant variation in the second quarter 2014 when compared to the same period.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0cm 35.4pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -25.65pt; MARGIN: 0cm 0cm 0cm 54pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(ii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The account variation mainly derives from an increase in debt balance indexed to IPCA in view of the 18<SUP>th</SUP> Issue of Debentures. This inflation adjustment derives from changes in the indexes defined in loan agreements, such as, UPR, IPCA, CDI and TJLP, corresponding to 0.2%, 1.5%, 10.8% and 1.3%, respectively, in the second quarter of 2014. (0.0%, 1.2%, 7.7% and 1.3%, respectively, in the same period of 2013). The exposures to these rates are shown in Note 3.1.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0cm 54pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -1cm; MARGIN: 0cm 0cm 0cm 2cm"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>(iii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>This reduction derives from the variation in the National Consumer Price Index (INPC) rate of 1.6% in the second quarter of 2014 and 1.2% in the same period of 2013, which is used to adjust the balance of SABESP&#8217;s commitment in relation to the deficit of the Sabesprev Mais pension plan.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0cm 35.4pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -1cm; MARGIN: 0cm 0cm 0cm 2cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(iv)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Other expenses related to inflation adjustment mainly arises from the adjustment of liabilities referring to investment commitments required by the public-private partnerships and mainly from program contracts indexed by the IPC and IPCA of 0.8% and 1.5% in the second quarter of 2014 and 0.7% and 1.2% % in the second quarter of 2013, respectively.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0cm 35.4pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -1cm; MARGIN: 0cm 0cm 0cm 2cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(v)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>These inflation adjustments arise from accounts/bills of overdue accounts receivable, which are remesured depending on the payment date, by IPCA (1.5% in the second quarter of 2014 and 1.2% in the same period of 2013) or IPC-FIPE (Consumer Price Index, 0.8% in the second quarter of 2014 and 0.7% in the same period of 2013), and escrow deposits, which are adjusted by the index defined by the Judiciary Branch, which varied between 2.2% in the second quarter of 2014 and 1.5% in the same period of 2013. Such decrease was mainly due to reversal of monetary restatement on escrow deposits, the change in the expected return thereof.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -1cm; MARGIN: 0cm 0cm 0cm 2cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(vi)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The variation is mainly due to the reduced interest rates on agreements and installment payments in the second quarter of 2014.</FONT></FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -1cm; MARGIN: 0cm 0cm 0cm 2cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(vii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Revenue from </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>foreign exchange variation on loans and financing</FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia> mainly arises from the 2.7% Dollar and 1.0% Yen depreciation against the Brazilian Real in the second quarter of 2014, when compared to appreciation of both currencies in the same period of 2013, 10.0% and 4.3% respectively</FONT></FONT><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>.</FONT></FONT></P>

<P style="LINE-HEIGHT: 13pt; MARGIN: 0cm 0cm 0cm 35.4pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -1cm; MARGIN: 0cm 0cm 0cm 2cm"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(viii)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The variation is mainly due to favorable development of lawsuits in the second quarter of 2013, reducing interest expenses in that period.</FONT></FONT></P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

<P style="LINE-HEIGHT: 13pt; MARGIN: 0cm 0cm 0cm 35.4pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>26&nbsp;&nbsp; </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>Other Operating Income (expenses), net</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2014</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>April to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2013</FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2013</FONT></B></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="48%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="48%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other net operating income</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>21,638</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>38,145</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 14pt; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 14pt; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>13,581</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 14pt; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 14pt; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>24,218</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="48%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other operating expenses </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(16,429)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(76,005)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(12,074)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(13,876)</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="48%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="48%" noWrap>

   <P style="TEXT-ALIGN: justify; MARGIN: 0cm 2.85pt 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Other net operating income (expenses)</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>5,209</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2.25pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(37,860)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,507</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 2pt double; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="11%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 2.85pt 1pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>10,342</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Other operating income is comprised by sale of property, plant and equipment, sale of contracts awarded in public bids, indemnities and reimbursement of expenses, fines and collaterals, property leases, reuse water, PURA projects and services</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Other operating expenses consist mainly of write-off of property, plant and equipment due to obsolescence, discontinued construction works, unproductive wells, projects considered economically unfeasible and losses on property, plant and equipment</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>.</FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>27&nbsp;&nbsp; Commitments</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The Company has agreements to manage and maintain its activities, as well as agreements to build new projects aiming at achieving the objectives proposed in its target plan. Below, main committed amounts as of June 30, 2014 are as follows:</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<DIV align=left>

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



<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="25%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1 year</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1-3 year</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3-5 year</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>More than</FONT></P>

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>5 years</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: center; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=center><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total</FONT></P></DIV></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Contractual obligations - Expenses </FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>707,326</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,177,701</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>59,471</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,785,124</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>5,729,622</FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Contractual obligations &#8211; Investments (i)</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>861,578</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2,156,781</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>584,851</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,585,419</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>7,188,629</FONT></P></DIV></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 9pt" lang=EN-US face=georgia>Total</FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,568,904</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>3,334,482</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>644,322</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>7,370,543</FONT></P></DIV></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: white; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="15%" noWrap>

   <DIV style="BORDER-BOTTOM: windowtext 1.5pt double; BORDER-LEFT: medium none; PADDING-BOTTOM: 1pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm">

   <P style="BORDER-BOTTOM: medium none; TEXT-ALIGN: right; BORDER-LEFT: medium none; PADDING-BOTTOM: 0cm; MARGIN: 0cm 0cm 0pt; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; BORDER-TOP: medium none; BORDER-RIGHT: medium none; PADDING-TOP: 0cm" align=right><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>12,918,251</FONT></P></DIV></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: -36pt; MARGIN: 0cm 0cm 0cm 54pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>(i)</FONT><FONT style="FONT-SIZE: 7pt" lang=EN-US color=black face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>The main commitment refers to S&#227;o Louren&#231;o PPP, see Note 12 (h).</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></B>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>72</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT></P>

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

   <P style="MARGIN: 0cm 0pt 0pt 0cm"><B><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif>Notes to the Interim Financial Information</FONT></B></FONT></B></P></TD>

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<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

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<P style="TEXT-INDENT: 0pt; MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia>28&nbsp;&nbsp;&nbsp;&nbsp;Additional information on cash flows</FONT></B></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: center; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=center><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2014</FONT></B></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 8pt" lang=EN-US color=black face=georgia>January to June </FONT></B></FONT><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><B><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>2013</FONT></B></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="61%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total additions of intangible assets as per Note 12</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,345,203</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,308,224</FONT></FONT></P></TD></TR>

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   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="61%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="61%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Items not affecting cash (see breakdown below)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(215,081)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(308,459)</FONT></FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="61%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total additions to intangible assets as per statement of cash flows</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>1,130,122</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>999,765</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="61%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="61%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Investments and financing operations affecting intangible assets but not cash:</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="61%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Interest capitalized in the period</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>74,718</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>167,791</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="61%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Contractors </FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(6,926)</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>(33,165)</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="61%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Program contract commitments </FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>70,251</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>35,879</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="61%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Leasing</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>51,751</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>114,692</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="61%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Construction margin </FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>25,287</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>23,262</FONT></FONT></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="61%" noWrap>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>Total</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="3%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%" noWrap>

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>215,081</FONT></FONT></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=top width="2%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 0cm; PADDING-RIGHT: 0cm; HEIGHT: 14.2pt; PADDING-TOP: 0cm" vAlign=bottom width="17%">

   <P style="TEXT-ALIGN: right; LINE-HEIGHT: 110%; MARGIN: 0cm 2.85pt 0pt 0cm" align=right><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 9pt" lang=EN-US color=black face=georgia>308,459</FONT></FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=georgia></FONT></FONT>&nbsp;</P>

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

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>73</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><B><FONT><FONT style="LINE-HEIGHT: 110%"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Comments on the Company&#8217;s Projections </FONT></B></FONT></FONT></B></P>

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

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="12%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT style="FONT-SIZE: 6pt" lang=EN-US face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>Comments on the Company&#8217;s projections</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The projections presented in the reference form are annual and not on a quarterly basis. Therefore, the quarterly comparison between the information disclosed in the reference form with quarterly results shall not apply.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face=georgia><FONT style="FONT-SIZE: 10pt" lang=EN-US face=georgia>The projections monitoring occurs on an annual basis and are disclosed in the reference form.</FONT></FONT></P>

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

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<P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 6pt" lang=EN-US face=Arial,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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>74</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Other Information Deemed as Relevant by the Company</FONT></B></FONT></FONT></B><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif> </FONT></B></FONT></FONT></B><B><FONT><FONT></FONT></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="10%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT style="FONT-SIZE: 6pt" lang=EN-US face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 11pt" lang=EN-US face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT style="FONT-SIZE: 12pt" lang=EN-US><FONT style="FONT-FAMILY: arial; FONT-SIZE: 10pt">1</FONT>.</FONT></B><FONT style="FONT-SIZE: 13pt" lang=EN-US face="times new roman"> </FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>CHANGES IN INTEREST HELD BY CONTROLLING SHAREHOLDER, BOARD MEMBERS AND EXECUTIVE OFFICERS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>CONSOLIDATED SHAREHOLDING OF CONTROLLING SHAREHOLDERS, MANAGEMENT AND OUTSTANDING SHARES<BR>Position as at 6/30/2014</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Shareholder</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Number of <BR>Common Shares<BR>(units)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>%</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Total Number of Shares<BR>(units)</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>%</FONT></B></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Controlling shareholder</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Treasury Department</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>343,524,285 </FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>50.3%</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>343,524,285</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>50.3%</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Management</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Board of Directors</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>-</FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Executive Officers</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>-</FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>-</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Fiscal Council</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD></TR>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Treasury shares</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Other shareholders</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="32%" noWrap>

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>343,524,285</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>50.3%</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>343,524,285</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>50.3%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="32%" noWrap>

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="32%" noWrap>

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 14.2pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Outstanding shares</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>339,985,584 </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>49.7%</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>339,985,584</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; HEIGHT: 14.2pt; BORDER-RIGHT: windowtext 1pt solid" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>49.7%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="TEXT-AUTOSPACE: ideograph-numeric; FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>75</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

<DIV align=left>

<TABLE style="LINE-HEIGHT: 115%; WIDTH: 100%; BORDER-COLLAPSE: collapse" border=0 cellSpacing=0 cellPadding=0>



<TR style="PAGE-BREAK-INSIDE: avoid">

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="90%">

   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Other Information Deemed as Relevant by the Company</FONT></B></FONT></FONT></B><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif> </FONT></B></FONT></FONT></B><B><FONT><FONT></FONT></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="10%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><B><FONT style="FONT-SIZE: 6pt" lang=EN-US face=Arial,sans-serif></FONT></B></FONT></B>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 99%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 2.75pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: silver; HEIGHT: 17pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="100%" colSpan=5>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>CONSOLIDATED SHAREHOLDING OF CONTROLLING SHAREHOLDERS, MANAGEMENT AND OUTSTANDING SHARES<BR>Position as at 6/30/2013</FONT></B></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="32%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Shareholder</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="22%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Number of <BR>Common Shares<BR>(units)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="10%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>%</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="23%">

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Total Number of Shares<BR>(units)</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" width="13%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Controlling shareholder</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%">

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></B>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Treasury Department</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>343,524,258</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>50.3%</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>343,524,258</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>50.3%</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Management</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Board of Directors</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>1,518 </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>0 </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>1,518</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>0 </FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Executive Officers</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>-</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>-</FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Fiscal Council</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Treasury shares</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>- </FONT></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Other shareholders</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Total</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>343,525,776</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>50.3%</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>343,525,776</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>50.3%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

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

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT>&nbsp;</P></TD></TR>

<TR style="HEIGHT: 17pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Outstanding shares</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></P>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>339,984,093 </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>49.7%</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="23%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>339,984,093</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 17pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="13%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>49.7%</FONT></P></TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>2.</FONT></B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>&nbsp; </FONT><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif>SHAREHOLDING POSITION</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 6pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=arial,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 99%; BORDER-COLLAPSE: collapse; MARGIN-LEFT: 2.75pt" border=0 cellSpacing=0 cellPadding=0>



<TR style="HEIGHT: 19.85pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: silver; HEIGHT: 19.85pt; BORDER-TOP: windowtext 1pt solid; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="100%" colSpan=5>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>SHAREHOLDING POSITION OF HOLDERS OF MORE THAN 5% OF EACH TYPE AND CLASS OF COMPANY SHARES, UP TO THE INDIVIDUAL LEVEL</FONT></B></P></TD></TR>

<TR style="HEIGHT: 19.85pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: silver; HEIGHT: 19.85pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="62%" colSpan=3>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" color=black face=Arial,sans-serif>Company:<BR><BR>CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; BACKGROUND: silver; HEIGHT: 19.85pt; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="38%" colSpan=2>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Position as at<BR>6/30/2014<BR>(shares)</FONT></B></P></TD></TR>

<TR style="HEIGHT: 19.85pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 19.85pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif></FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 19.85pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="32%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Common shares</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 19.85pt; BORDER-RIGHT: black 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="38%" colSpan=2 noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Total</FONT></B></P></TD></TR>

<TR style="HEIGHT: 19.85pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 19.85pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Shareholder</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 19.85pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Number of shares</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 19.85pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>%</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 19.85pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Number of shares</FONT></B></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 19.85pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 19.85pt">

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; BORDER-LEFT: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 19.85pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="30%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>Treasury Department</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 19.85pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="21%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>343,524,285 </FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 19.85pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="11%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>50.3</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 19.85pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="22%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>343,524,285</FONT></P></TD>

   <TD style="BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt; HEIGHT: 19.85pt; BORDER-RIGHT: windowtext 1pt solid; PADDING-TOP: 0cm" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face=Arial,sans-serif>50.3</FONT></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt" align=right><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>Page </FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>76</FONT><FONT style="DISPLAY: none"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif></FONT></FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif> of 78</FONT></P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 10pt" face=Arial,sans-serif></FONT></B></FONT></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Reports and Statements / Unqualified Report on Special Review</FONT></B></FONT></FONT></B><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif> </FONT></B></FONT></FONT></B><B><FONT><FONT></FONT></FONT></B></P></TD>

   <TD style="PADDING-BOTTOM: 0cm; PADDING-LEFT: 2.15pt; PADDING-RIGHT: 2.15pt; PADDING-TOP: 0cm" vAlign=top width="9%">

<H2 style="TEXT-ALIGN: right; PAGE-BREAK-AFTER: avoid; MARGIN: 0cm 0cm 0pt" align=right><FONT><FONT style="FONT-SIZE: 8pt; FONT-WEIGHT: normal" lang=EN-US face=Arial,sans-serif>Version: 1</FONT></FONT></H2></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman"></FONT></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman">(Convenience Translation into English from the Original Previously Issued in Portuguese)</FONT></FONT></P></DIV>

<P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 12pt"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman"></FONT></U></FONT>&nbsp;</P>

<P style="LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 12pt"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman">REPORT ON REVIEW OF INTERIM FINANCIAL INFORMATION</FONT></U></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman">To the Shareholders, Board of Directors and Management of</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=PT-BR face="times new roman">Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 12pt"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><U><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman">S&#227;o Paulo - SP</FONT></U></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm; MARGIN: 12pt 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face="times new roman"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="times new roman">Introduction</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 0pt"><FONT style="LINE-HEIGHT: 110%" color=black face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="times new roman">We have reviewed the accompanying interim financial information of </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman">Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo - SABESP</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="times new roman"> (the &#8220;Company&#8221;) included in the Interim Financial Information Form (ITR), for the quarter ended June 30, 2014, which comprises the balance sheet as of June 30, 2014 and the related statements of income and comprehensive income for the three and six-months period then ended and changes in equity and of cash flows for the six-month period then ended, including the explanatory notes.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 12pt"><FONT style="LINE-HEIGHT: 110%"><FONT style="FONT-SIZE: 10pt" lang=EN-US face=Arial,sans-serif>The </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="times new roman">Company&#8217;s Management is responsible for the preparation of the interim financial information in accordance with technical pronouncement CPC&nbsp;21&nbsp;(R1) - Interim Financial Information and with international standard IAS&nbsp;34 - Interim Financial Reporting, issued by the International Accounting Standards Board - IASB, as well as for the presentation of such information in accordance with the standards issued by the Brazilian Securities and Exchange Commission (CVM), applicable to the preparation of Interim Financial Information (ITR). Our responsibility is to express a conclusion on this interim financial information based on our review.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm; MARGIN: 12pt 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face="times new roman"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="times new roman">Scope of review</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 12pt"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman">We conducted our review in accordance with Brazilian and international standards on review of interim financial information (NBC&nbsp;TR&nbsp;2410 and ISRE&nbsp;2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with standards on auditing and, consequently, does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm; MARGIN: 12pt 0cm"><FONT style="LINE-HEIGHT: 110%" color=black face="times new roman"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="times new roman">Conclusion on the interim financial information</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 12pt"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman">Based on our review, nothing has come to our attention that causes us to believe that the accompanying interim financial information included in the ITR referred to above was not prepared, in all material respects, in accordance with </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="times new roman">technical pronouncement</FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman"> CPC&nbsp;21&nbsp;(R1) and </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="times new roman">international standard </FONT><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman">IAS&nbsp;34, applicable to the preparation of Interim Financial Information (ITR), and presented in accordance with the standards issued by the CVM.</FONT></FONT></P><FONT style="LINE-HEIGHT: 110%" face="times new roman"></FONT>

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<P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 8pt" lang=EN-US face=Arial,sans-serif>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE)</FONT></B></FONT></FONT></B></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><FONT color=black><FONT style="FONT-SIZE: 8pt" color=black face=Arial,sans-serif>ITR &#8211;&#8211; Quarterly Information Form &#8211; June 30, 2014 &#8211; CIA SANEAMENTO B&#193;SICO ESTADO S&#195;O PAULO </FONT></FONT><FONT></FONT></P>

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   <P style="MARGIN: 0cm 0cm 0pt"><B><FONT><FONT><B><FONT style="FONT-SIZE: 12pt" lang=EN-US face=Arial,sans-serif>Reports and Statements / Unqualified Report on Special Review</FONT></B></FONT></FONT></B><B><FONT><FONT><B><FONT style="FONT-SIZE: 11pt" lang=EN-US face=Arial,sans-serif> </FONT></B></FONT></FONT></B><B><FONT><FONT></FONT></FONT></B></P></TD>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm; MARGIN: 12pt 0cm 0cm"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><B><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman">Other matters</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm; MARGIN: 12pt 0cm 0cm"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><I><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman">Statements of value added</FONT></I></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm; MARGIN: 12pt 0cm 0cm"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman">We have also reviewed the statements of value added (DVA) for the six-month period ended June 30, 2014, prepared under the responsibility of the Company&#8217;s Management, the presentation of which is required by the standards issued by the CVM applicable to the preparation of Interim Financial Information (ITR) and considered as supplemental information for International Financial Reporting Standards - IFRS, which does not require the presentation of DVA. These statements were subject to the same review procedures described above, and, based on our review, nothing has come to our attention that causes us to believe that they were not prepared, in all material respects, consistently with the interim financial information taken as a whole.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; TEXT-INDENT: 0cm; MARGIN: 12pt 0cm 0cm"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman">The accompanying </FONT></FONT><FONT style="LINE-HEIGHT: 110%" color=black face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US color=black face="times new roman">interim financial information </FONT></FONT><FONT style="LINE-HEIGHT: 110%" face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=EN-US face="times new roman">has been translated into English for the convenience of readers outside Brazil.</FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; LINE-HEIGHT: 110%; MARGIN: 0cm 0cm 36pt"><FONT style="LINE-HEIGHT: 110%" face="times new roman"><FONT style="FONT-SIZE: 10pt" lang=PT-BR face="times new roman">S&#227;o Paulo, August 14, 2014</FONT></FONT></P>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B><U>SIGNATURE&nbsp;</U></B></FONT><FONT size=1><B><U>&nbsp;</U></B></FONT></DIV></FONT>

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<DIV align=justify><FONT color=#000000 size=3 face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city S&#227;o Paulo, Brazil. <BR></FONT></DIV>

<DIV align=justify><FONT color=#000000 size=3 face="Times New Roman">Date:&nbsp;September 9, 2014</FONT></DIV>

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

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

   <TD vAlign=bottom align=left>/s/&nbsp;&nbsp;<FONT size=3><FONT face="times new roman">Rui de Britto &#193;lvares Affonso</FONT></FONT>&nbsp;&nbsp;&nbsp;&nbsp;

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   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman">Name: Rui de Britto &#193;lvares Affonso </FONT></DIV>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman">Title: Chief Financial Officer and Investor Relations Officer </FONT></DIV></TD>

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<DIV 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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