<SEC-DOCUMENT>0001292814-17-001344.txt : 20170516
<SEC-HEADER>0001292814-17-001344.hdr.sgml : 20170516
<ACCEPTANCE-DATETIME>20170515195309
ACCESSION NUMBER:		0001292814-17-001344
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20170630
FILED AS OF DATE:		20170516
DATE AS OF CHANGE:		20170515

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:		17846697

	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>sbs20170515_6k.htm
<DESCRIPTION>MATERIAL FACT
<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;May, 2017</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>

<P></P>

<P align=center><FONT size=2 face="'Times New Roman, Times, Serif'">Indicate by check mark whether the registrant by furnishing the <BR>information contained in this Form is also thereby furnishing the <BR>information to the Commission pursuant to Rule 12g3-2(b) under <BR>the Securities Exchange Act of 1934. <BR><BR>Yes ______ No ___X___</FONT></P>

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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="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none"><FONT lang=EN-US style="FONT-SIZE: 12pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; MARGIN: 0in 0.7pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in" align=center><FONT style="LINE-HEIGHT: 107%">
<IMG id=officeArtobject alt="Picture 9" src="x17051509325201.jpg" width=54 height=81></FONT><FONT style="LINE-HEIGHT: 107%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>&nbsp;</FONT></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 0.7pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in" align=left><FONT style="LINE-HEIGHT: 107%"><B><FONT lang=DE style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>COMPANHIA DE SANEAMENTO B</FONT></B></FONT><FONT style="LINE-HEIGHT: 107%"><B><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>&#193;</FONT></B></FONT><FONT style="LINE-HEIGHT: 107%"><B><FONT lang=PT style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>SICO DO ESTADO DE S</FONT></B></FONT><FONT style="LINE-HEIGHT: 107%"><B><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>&#195;</FONT></B></FONT><FONT style="LINE-HEIGHT: 107%"><B><FONT lang=PT style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>O PAULO - SABESP </FONT></B></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; MARGIN: 0in 0.15pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in" align=center><FONT style="LINE-HEIGHT: 107%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; MARGIN: 0in 0.05in 0pt 0.5pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: -0.5pt" align=center><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>PUBLICLY HELD COMPANY</FONT></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; MARGIN: 0in 3.65pt 0pt 0.5pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: -0.5pt" align=center><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>CNPJ 43.776.517/0001-80 </FONT></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; MARGIN: 0in 3.85pt 0pt 0.5pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: -0.5pt" align=center><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>NIRE 35300016831 </FONT></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; MARGIN: 0in 0.45pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in" align=center><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; MARGIN: 0in 3.3pt 0pt 0.5pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: -0.5pt" align=center><FONT style="LINE-HEIGHT: 107%"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>MATERIAL FACT </FONT></B></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; MARGIN: 0in 3.3pt 0pt 0.5pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: -0.5pt" align=center><FONT style="LINE-HEIGHT: 107%"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>PRELIMINARY STUDIES ON ALTERNATIVES FOR THE COMPANY'S CAPITALIZATION</FONT></B></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; MARGIN: 0in 3.3pt 0pt 0.5pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: -0.5pt" align=center><FONT style="LINE-HEIGHT: 107%"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in" align=left><FONT style="LINE-HEIGHT: 107%"><B><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></B></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="BACKGROUND: white; LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=Arial,sans-serif>Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo &#8211; Sabesp (&#8220;Company&#8221; or &#8220;Sabesp&#8221;), pursuant to the provisions of Article 157, Paragraph 4 of Law No. 6.404/76 and the provisions of CVM Instruction No. 358/02, announces to its shareholders and to the market in general that, the State Privatization Program&#8217;s &nbsp;Board, established by the&nbsp; State Law 9.361, dated as of July 5<SUP>th</SUP>, 1996, unanimously resolved, on this date (&#8220;Resolution&#8221;): </FONT></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="BACKGROUND: white; LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; LINE-HEIGHT: normal; TEXT-INDENT: 0.25pt"><FONT style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BACKGROUND: white; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none"><FONT style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none"><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=Arial,sans-serif>(i) To proceed with studies on alternatives for the Capitalization of Sabesp</FONT></FONT></FONT><FONT style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BACKGROUND: white; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none"><FONT style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif> </FONT></FONT></FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=Arial,sans-serif>(&#8220;Capitalization&#8221;)</FONT><FONT style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BACKGROUND: white; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none"><FONT style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none"><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=Arial,sans-serif>; </FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; LINE-HEIGHT: normal; TEXT-INDENT: 0.25pt"><FONT style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BACKGROUND: white; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; LINE-HEIGHT: normal; TEXT-INDENT: 0.25pt"><FONT style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BACKGROUND: white; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none"><FONT style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none"><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=Arial,sans-serif>(ii) The hiring, by Sabesp, of the International Finance Corporation (&#8220;IFC&#8221;), an institution bound to the World Bank; and</FONT></FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; LINE-HEIGHT: normal; TEXT-INDENT: 0.25pt"><FONT style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BACKGROUND: white; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; LINE-HEIGHT: normal; TEXT-INDENT: 0.25pt"><FONT style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BACKGROUND: white; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none"><FONT style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none"><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=Arial,sans-serif>(iii) The conclusion of an agreement between Sabesp and the S&#227;o Paulo State Government, through the Secretariat of Sanitary and Water</FONT><FONT style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none"><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=Arial,sans-serif> Resources and the Secretariat of Finance, to delineate the scope of the IFC&#8217;s hiring and to govern the relationship between the contracting parties, including proportional reimbursement of expenses.</FONT></FONT></FONT></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="BACKGROUND: white; LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>The proposed Capitalization provides the establishment of a new company to exercise Sabesp&#8217;s direct corporate control after the conference of the totality of share interest owned by the S&#227;o Paulo State Government into the stock capital of the new company. S&#227;o Paulo State Government will continue, under any circumstances, to hold sufficient shareholding interest to assure the exercise of Sabesp&#8217;s majority corporate control, as provided by law. The purpose of the Capitalization is to overcome financial restrictiveness and preserve the expansion of the activities of universalization of basic sanitation services promoted by the Company.</FONT></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>If further studies are implemented, new information will be disclosed regarding the possible Capitalization, which, if continued, may provide for the admission of institutional investors in order to fund the new company's share capital, allowing to strengthen Sabesp's corporate governance and business efficiency in order to </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=Arial,sans-serif>preserve the development of its activities of universal sanitation services in the S&#227;o Paulo State. </FONT></FONT></P>

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<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="BACKGROUND: white; LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="BACKGROUND: white; LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

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<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="BACKGROUND: white; LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="BACKGROUND: white; LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="BACKGROUND: white; LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=Arial,sans-serif>During this process the Company will disclose any relevant </FONT></FONT><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>developments</FONT></FONT><FONT style="BACKGROUND: white; LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; BACKGROUND: white" color=black face=Arial,sans-serif>over this subject</FONT></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>The Resolution is available on Sabesp&#8217;s Investor Relations website, section Material Facts.</FONT></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: justify; MARGIN: 0in 2.4pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in"><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in" align=left><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; MARGIN: 0in 3.65pt 0pt 0.5pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: -0.5pt" align=center><FONT style="LINE-HEIGHT: 107%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>S&#227;o Paulo, May 12, 2017. </FONT></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in" align=left><FONT style="LINE-HEIGHT: 107%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>&nbsp;&nbsp;&nbsp; </FONT></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in" align=left><FONT style="LINE-HEIGHT: 107%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: left; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in" align=left><FONT style="LINE-HEIGHT: 107%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; MARGIN: 0in 3.4pt 0pt 0.5pt; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: -0.5pt" align=center><FONT style="LINE-HEIGHT: 107%"><FONT lang=IT style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>Rui de Britto </FONT></FONT><FONT style="LINE-HEIGHT: 107%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>&#193;lvares Affonso </FONT></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: center; MARGIN: 0in 0.15pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in" align=center><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>Chief Financial Officer and Investor Relations Officer </FONT></FONT></P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; TEXT-ALIGN: right; MARGIN: 0in 33.55pt 0pt 0in; BORDER-LEFT: medium none; LINE-HEIGHT: 107%; TEXT-INDENT: 0in" align=right><FONT style="LINE-HEIGHT: 107%"><FONT lang=EN-US style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT></FONT>&nbsp;</P></DIV>

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<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none" align=center>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none" align=center>&nbsp;</P>

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<IMG src="x17051509325100.jpg" width=523 align=middle height=48></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;May 15, 2017</FONT></DIV>

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

<DIV align=center>

<TABLE style="WIDTH: 70%" cellSpacing=0 cellPadding=0>



<TR>

   <TD vAlign=top width="50%" colSpan=3>

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

<TR>

   <TD height=16></TD>

   <TD height=16></TD>

   <TD height=16></TD></TR>

<TR>

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

   <TD vAlign=bottom align=left>/s/&nbsp;&nbsp;<FONT style="FONT-FAMILY: times new roman" size=3>Rui de Britto &#193;lvares Affonso</FONT>&nbsp;&nbsp;&nbsp;&nbsp;

   <HR align=left color=#000000 SIZE=1 noShade>

</TD>

   <TD></TD></TR>

<TR>

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

   <TD vAlign=bottom width="53%" align=center>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman">Name: Rui de Britto &#193;lvares Affonso </FONT></DIV>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman">Title: Chief Financial Officer and Investor Relations Officer </FONT></DIV></TD>

   <TD></TD></TR></TABLE></DIV>

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

<P>&nbsp;</P>

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

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>FORWARD-LOOKING STATEMENTS </B></FONT></DIV>

<P align=justify><FONT size=2 face="'Times New Roman, Times, Serif'">This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. </FONT></P>

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