<SEC-DOCUMENT>0001292814-15-001982.txt : 20150814
<SEC-HEADER>0001292814-15-001982.hdr.sgml : 20150814
<ACCEPTANCE-DATETIME>20150813192548
ACCESSION NUMBER:		0001292814-15-001982
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150930
FILED AS OF DATE:		20150814
DATE AS OF CHANGE:		20150813

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:		151052146

	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>sbs20150731_6k.htm
<DESCRIPTION>MINUTES OF THE EXTRAORDINARY SHAREHOLDERS' MEETING
<TEXT>

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

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

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

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

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

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

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<DIV><FONT color=#000000 size=2 face="Times New Roman"><B>For&nbsp;July 31, 2015</B></FONT></DIV><FONT color=#000000 size=2 face="Times New Roman"><B>(Commission File No. 1-31317) </B></FONT></DIV>

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

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

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

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

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

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

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<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>

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<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>

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

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO &#8211; SABESP</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>PUBLICLY-HELD COMPANY</FONT></B></P>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>CORPORATE TAXPAYER&#8217;S ID (CNPJ/MF): 43.776.517/0001-80</FONT></B></H1>

<H1 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>COMPANY REGISTRY (NIRE): 35.3000.1683 -1</FONT></B></H1>

<P style="TEXT-ALIGN: center; MARGIN: 6pt 0pt 0pt 0cm"><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>SUBSCRIBED AND PAID-IN CAPITAL - R$10.000.000.000,00</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt; FONT-WEIGHT: normal" face=verdana,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>MINUTES OF THE EXTRAORDINARY SHAREHOLDERS&#8217; MEETING</FONT></B></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>DATE, TIME AND VENUE</FONT></U></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>:</FONT></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif> July 21, 2015, at 11:00 a.m., at the Company&#8217;s headquarters, located at Rua Costa Carvalho, n&#186; 300, in the city and state of S&#227;o Paulo.&nbsp; </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>CALL NOTICE</FONT></U></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>:</FONT></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif> The Call Notice was published in the June 20, 23 and 24, 2015 editions of the newspapers </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>Di&#225;rio Oficial do Estado de S&#227;o Paulo</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif> and </FONT><I><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>Valor Econ&#244;mico</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>ATTENDANCE</FONT></U></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>:</FONT></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif> Shareholders representing more than two-thirds of the capital stock attended the meeting, as per the signatures in the Shareholders&#8217; Attendance Book. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0in; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>Also present were Reinaldo Guerreiro, member of the Board of Directors and Audit Committee; </FONT><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LAYOUT-GRID-MODE: line" face=verdana,sans-serif>Angela Beatriz Airoldi, Investor Relations Manager; Priscila Costa da Silva, Investor Relations Analyst; and Beatriz Helena de Almeida e Silva Lorenzi and Ieda Nigro Nunes Chereim, Legal Department attorneys.&nbsp;</FONT></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LAYOUT-GRID-MODE: line" face=verdana,sans-serif>&nbsp;</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>PRESIDING BOARD</FONT></U></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>:</FONT></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif> Chairman: Reinaldo Guerreiro. Secretary: Marialve S. Martins.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>PUBLICATIONS</FONT></U></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>:</FONT></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif> The Management Proposal and other relevant documents were made available to shareholders at the Company&#8217;s headquarters and on its website, as well as on the websites of the Brazilian Securities and Exchange Commission &#8211; CVM and BM&amp;FBOVESPA S.A. &#8211; Securities, Commodities and Futures Exchange.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0in; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>AGENDA</FONT></U></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>: </FONT></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>I. Re-ratification of the overall compensation of members of the Board of Directors, as well as the members of the Fiscal Council related to the fiscal year 2015 according to the released Management Proposal.</FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>CLARIFICATIONS</FONT></U></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>:</FONT></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif> 1) The matter was appreciated by the State Capital Defense Council &#8211; CODEC, as per Qualified Opinion 122/2015 of July 15, 2015, whose voting intention was presented by the representative of the shareholder S&#227;o Paulo State Finance Department. </FONT></FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>RESOLUTIONS</FONT></U></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>: </FONT></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>The Chairman opened the discussion and submitted </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>item I</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif> of the Agenda to a vote. &nbsp;The representative of the shareholder S&#227;o Paulo State Treasury Office, the attorney-in-fact Carlos Eduardo Teixeira Braga, took the floor and voted in favor of the matter, in accordance with the management proposal, re-ratifying the overall compensation of members of the Board of Directors, Board of Executive Officers and Fiscal Council for fiscal year 2015, in the maximum amount of four million, five hundred and thirty-six thousand and thirty-four reais and eighty-nine centavos (R$4.536.034,89), equivalent to fixed monthly compensation of R$20,590.00 for the Executive Officers; R$6,177.00 for members of the Board of Directors and R$4,118.00 for members of the Fiscal Council, respectively, plus corresponding benefits, in addition to related charges. The votes of the shareholders in favor, votes against and abstentions having been recorded, the matter was </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>approved by a majority vote</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>The drawing up of these minutes in summary format and their publication with the omission of the attending shareholders&#8217; signatures. pursuant to Article 130, Paragraphs 1 and 2 of Law 6404/76, was </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>unanimously approved</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>CLOSURE AND DRAWING UP OF THE MINUTES</FONT></U></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>: </FONT></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>There being no further business to address, the Chairman thanked the shareholders for their attendance and the Extraordinary Shareholders&#8217; Meeting was adjourned for the drawing up of these minutes, which were then read, approved and signed by the Chairman, the Secretary and the attending shareholders, who constituted the necessary quorum for the resolutions taken. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>DOCUMENTS FILED. </FONT></B></FONT><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>The proxy instruments of the shareholder representatives listed below, accompanied by their voting records, are filed at the Company&#8217;s headquarters, duly initialed by the Secretary, as the other documents mentioned above are also. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0pt 0pt 0cm; LINE-HEIGHT: 150%"><FONT style="LINE-HEIGHT: 150%" face=verdana,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>S&#227;o Paulo, July 21, 2015.</FONT></FONT></P>

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<H6 style="PAGE-BREAK-AFTER: avoid; TEXT-ALIGN: left; MARGIN: 0cm 0pt 0pt 0cm; LINE-HEIGHT: normal" align=left><FONT lang=EN-US style="FONT-SIZE: 9pt; FONT-WEIGHT: normal" face=verdana,sans-serif>Chairman </FONT></H6></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0pt 0pt 1.7pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>CARLOS EDUARDO TEIXEIRA BRAGA</FONT></B></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0pt 0pt 1.7pt" align=left><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>(representing the shareholder S&#227;o Paulo State Finance Department) </FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0pt 0pt 1.7pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>MARIALVE S. MARTINS</FONT></B></P>

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

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0pt 0pt 0cm" align=left><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>CAMILA PUPO POLAMARES</FONT></B></P>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0pt 0pt 0cm" align=left><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>(representative of the shareholders The Bank Of New York Mellon ADR Department)</FONT></P></TD></TR>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0pt 0pt 0cm" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt" face=verdana,sans-serif>(representing the shareholder Citibank N.A)</FONT></P></TD></TR>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">STATE TREASURY OFFICE PROCEEDING No. 12091-541592/2015</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 14pt" face="courier new">CODEC OPINION No. 122/2015</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -70.9pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="courier new">COMPANY:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO - SABESP</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt 70.9pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -70.9pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">SUBJECT:&nbsp; Extraordinary Shareholders&#8217; Meeting.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt; TEXT-INDENT: 184.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">C</FONT><FONT lang=EN-US style="FONT-SIZE: 12pt; TEXT-TRANSFORM: uppercase" face="courier new">ompanhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo &#8211; SABESP, </FONT><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">through&nbsp; official letter CA-004, of June 23, 2015, submits to the appreciation of the State Capital Defense Council &#8211; CODEC the Agenda for the Extraordinary Shareholders&#8217; Meeting to be held on July 21, at 11:00 a.m.:</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 4cm"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">I.&nbsp; Re-ratification of the overall compensation of the members of Management and the Fiscal Council related to fiscal year 2015, pursuant to the management proposal disclosed on this date. </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0pt 0pt 0cm; LINE-HEIGHT: 12pt; TEXT-INDENT: 184.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">Given the fact-finding phase, the matter can be submitted to the appreciation of shareholders, and the vote of the State Attorney shall observe the following parameters.</FONT></P><BR clear=all></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=right><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">CODEC, July 15, 2015.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">STATE TREASURY OFFICE PROCEEDING No. 12091-541592/2015</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 14pt" face="courier new">CODEC OPINION No. 122/2015</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt; TEXT-INDENT: 184.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">Item &#8220;I&#8221; of the agenda deals with the re-ratification of the overall compensation of the members of Management and the Fiscal Council related to fiscal year 2015.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt; TEXT-INDENT: 184.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">SABESP states that, within the scope of the resolution on the overall annual compensation of the members of the Company&#8217;s Management and the Fiscal Council for fiscal year 2015, taken at the Annual Shareholders&#8217; Meeting held on April 30, 2015, the minutes included the approval of a </FONT><U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">fixed monthly</FONT></U><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new"> compensation of the members of the Board of Executive Officers, Board of Directors and Fiscal Council, without expressly declaring the overall amount of the compensation of the members of Management and the Fiscal Council.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; TEXT-INDENT: 184.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">In view of this, the Securities and Exchange Commission - CVM requested clarifications to the Company regarding the overall amount of Management compensation established by the Shareholders&#8217; Meeting, which should include benefits of any nature and financial compensations, pursuant to article 152 of Federal Law 6,404/1976.&nbsp;&nbsp; </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt; TEXT-INDENT: 184.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">As a result, in order to comply with the above request, the Company's Management hereby presents the calculation of the compensation of members of Management and the Fiscal Council, based on CVM Instruction 480/09, the guidelines in CIRCULAR LETTER/CVM/SEP/No. 02/2015 and precedents analyzed by the CVM regarding the matter, establishing the amount of the overall compensation for fiscal year 2015 at R$4,536,034.89,<FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">considering the current number of members of Management and the Fiscal Council.&nbsp; </FONT></FONT></P><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face="tms rmn"><BR clear=all></FONT></B>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=right><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">CODEC, July 15, 2015.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">STATE TREASURY OFFICE PROCEEDING No. 12091-541592/2015</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 14pt" face="courier new">CODEC OPINION No. 122/2015</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=right><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">Page 3</FONT></P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=right><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new"></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt; TEXT-INDENT: 184.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">As it is verified by the statement presented by the Company&#8217;s Board of Executive Officers, said amount is merely a monetary expression of the global compensation of members of Management and the Fiscal Council and does not imply any increase in relation to the amount established by the Annual Shareholders&#8217; Meeting of April 30, 2015.&nbsp; </FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt; TEXT-INDENT: 184.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 12pt; TEXT-INDENT: 184.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">Based on the fact-finding phase, the State Attorney may approve the matter in item 1 of the Agenda, ratifying the individual compensation of Management members established at: twenty thousand, five hundred and ninety reais (R$20,590.00) for the Executive Officers; R$6,177.00 for the members of the Board of Directors and R$4,118.00 for the members of the Fiscal Council, pursuant to the CODEC guidelines in effect, and approving the maximum limit for the overall compensation, considering the current composition of the statutory bodies, which includes the fixed compensation and other benefits included in the CODEC Opinions governing the matter, in addition to the corresponding charges, totaling&nbsp; R$4,536,034.89, as follows:&nbsp;&nbsp; </FONT></P>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 11.5pt" face="Times New Roman">Statutory Board of Executive Officers</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 11.5pt" face="Times New Roman">Fiscal Council</FONT></B></P></TD>

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

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><B><FONT lang=EN-US style="FONT-SIZE: 11.5pt" face="Times New Roman">Total</FONT></B></P></TD></TR>

<TR>

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

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt" align=left><FONT lang=EN-US style="FONT-SIZE: 9pt" face="Times New Roman">Total Compensation </FONT></P></TD>

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

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">R$1,146,576.21</FONT></P></TD>

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

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">R$3,068,254.68</FONT></P></TD>

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

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">R$321,204.00</FONT></P></TD>

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

   <P style="MARGIN: 0cm 0cm 0pt" align=right><FONT lang=EN-US style="FONT-SIZE: 11pt" face="Times New Roman">R$4,536,034.89</FONT></P></TD></TR></TABLE></DIV><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face="tms rmn"><BR clear=all></FONT></B>

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   <P style="TEXT-ALIGN: center; MARGIN: 6pt 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>S&#195;O PAULO STATE GOVERMENT</FONT></B></FONT></FONT></B></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>State&nbsp;Capital Defense CounciL &#8211;</FONT></B></FONT></FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif></FONT></B></FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>CODEC</FONT></B></FONT></FONT></B></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=right><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">CODEC, July 15, 2015.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">STATE TREASURY OFFICE PROCEEDING No. 12091-541592/2015</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 14pt" face="courier new">CODEC OPINION No. 122/2015</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 14pt" face="courier new"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=right><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">Page 4</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=right><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new"></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt; TEXT-INDENT: 184.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">Finally, it is worth noting that no other matters shall be resolved on without CODEC&#8217;s prior and express consent.</FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="courier new">CLAUDIA POLTO DA CUNHA</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face="courier new">CODEC&#8217;s Executive Secretary</FONT></P>

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   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif></FONT></B></FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>CODEC</FONT></B></FONT></FONT></B></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=right><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">CODEC, July 15, 2015.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">STATE TREASURY OFFICE PROCEEDING No. 12091-541592/2015</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 14pt" face="courier new">CODEC OPINION No. 122/2015</FONT></P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=right><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">Page 5</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt; TEXT-INDENT: 184.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">I hereby approve the terms of this Opinion, based on the competence established in the sole paragraph of article 5 of State Decree 55,870, of May 27, 2010.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt; TEXT-INDENT: 184.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt; TEXT-INDENT: 184.3pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">Copies of this document shall be sent to the State Attorney Officer and COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO &#8211; SABESP. </FONT></P>

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<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 14pt" face="courier new">RENATO VILLELA</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">Secretary of the State Treasury Office</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 58.95pt; LINE-HEIGHT: 12pt; TEXT-INDENT: -58.95pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face="courier new">Chairman of CODEC</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 8pt" face="courier new"></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 8pt" face="courier new">CPC/CAA</FONT></P><BR clear=all></DIV>

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   <P style="TEXT-ALIGN: center; MARGIN: 6pt 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>S&#195;O PAULO STATE GOVERMENT</FONT></B></FONT></FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>STATE TREASURY OFFICE</FONT></B></FONT></FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>secretary office</FONT></B></FONT></FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>State&nbsp;Capital Defense CounciL &#8211;</FONT></B></FONT></FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif></FONT></B></FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>CODEC</FONT></B></FONT></FONT></B></P></TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 3pt 53.85pt 0pt 0cm; LINE-HEIGHT: 12pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 13pt" face=arial,sans-serif>OFFICIAL LETTER GS-CODEC No. 202/2015 </FONT></I></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=right><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>S&#227;o Paulo, July 15, 2015</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

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

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

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

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Dear Sir,</FONT></P>

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

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

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

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 70.9pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>I hereby submit to you a copy of </FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>CODEC Opinion No. 122/2015</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>, related to the Extraordinary Shareholders&#8217; Meeting of COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO &#8211; SABESP.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif>Sincerely,</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 4cm; LINE-HEIGHT: 12pt; TEXT-INDENT: -4cm" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif>CLAUDIA POLTO DA CUNHA</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 4cm; LINE-HEIGHT: 12pt; TEXT-INDENT: -4cm" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif>CODEC&#8217;s Executive Secretary</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif>To </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif>MR. ELIVAL DA SILVA RAMOS</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>State Attorney</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 8pt" face=arial,sans-serif>CPC/caa</FONT></P><B><I><FONT lang=EN-US style="FONT-SIZE: 13pt" face=arial,sans-serif><BR clear=all></FONT></I></B>

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   <P style="TEXT-ALIGN: center; MARGIN: 6pt 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>S&#195;O PAULO STATE GOVERMENT</FONT></B></FONT></FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>STATE TREASURY OFFICE</FONT></B></FONT></FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>secretary office</FONT></B></FONT></FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>State&nbsp;Capital Defense CounciL &#8211;</FONT></B></FONT></FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt" align=center><B><FONT><FONT face=helv,sans-serif><FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif></FONT></B></FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-TRANSFORM: uppercase" face=helv,sans-serif>CODEC</FONT></B></FONT></FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 3pt 0cm 0pt; LINE-HEIGHT: 12pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 13pt" face=arial,sans-serif></FONT></I></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 3pt 53.85pt 0pt 0cm; LINE-HEIGHT: 12pt"><B><I><FONT lang=EN-US style="FONT-SIZE: 13pt" face=arial,sans-serif>OFFICIAL LETTER GS-CODEC No. 203/2015 </FONT></I></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=right><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>S&#227;o Paulo, July 15, 2015</FONT></P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=left><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

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

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

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

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Dear Sir,</FONT></P>

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

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

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

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

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; TEXT-INDENT: 70.9pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>I hereby submit to you a copy of </FONT><B><I><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>CODEC Opinion No. 122/2015</FONT></I></B><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>, related to the Extraordinary Shareholders&#8217; Meeting of this company.</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif>Sincerely,</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 4cm; LINE-HEIGHT: 12pt; TEXT-INDENT: -4cm" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif>CLAUDIA POLTO DA CUNHA</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0cm 0cm 0pt 4cm; LINE-HEIGHT: 12pt; TEXT-INDENT: -4cm" align=center><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif>CODEC&#8217;s Executive Secretary</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 12pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif>To </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><B><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif>MR. BENEDITO PINTO FERREIRA BRAGA JUNIOR</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=arial,sans-serif>Chairman of the Board of Directors&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=arial,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO &#8211; SABESP</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt">&nbsp;</P>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B><U>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B><U>SIGNATURE&nbsp;</U></B></FONT><FONT size=1>&nbsp;</FONT></DIV></U></B></FONT>

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

<DIV align=justify><FONT color=#000000 size=3 face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized, in the city S&#227;o Paulo, Brazil. <BR></FONT></DIV>

<DIV align=justify><FONT color=#000000 size=3 face="Times New Roman">Date:&nbsp;July 31, 2015</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 style="FONT-FAMILY: times new roman" size=3>Rui de Britto &#193;lvares Affonso</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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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
