<SEC-DOCUMENT>0001292814-19-002554.txt : 20190729
<SEC-HEADER>0001292814-19-002554.hdr.sgml : 20190729
<ACCEPTANCE-DATETIME>20190726183626
ACCESSION NUMBER:		0001292814-19-002554
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190930
FILED AS OF DATE:		20190729
DATE AS OF CHANGE:		20190726

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:		19979047

	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>sbs20190702_6k1.htm
<DESCRIPTION>SBS20190702_6K1
<TEXT>

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

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

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

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

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

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

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

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<DIV><FONT color=#000000 size=2 face="Times New Roman"><B>For&nbsp;July, 2019</B></FONT></DIV><FONT color=#000000 size=2 face="Times New Roman"><B>(Commission File No. 1-31317) </B></FONT></DIV>

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

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

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

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

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

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

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

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<BR>

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

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

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

<P></P>

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

<P></P>

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

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<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face=verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO - SABESP</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face=verdana,sans-serif>Corporate Taxpayer&#8217;s ID (CNPJ) No. 43.776.517/0001-80</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face=verdana,sans-serif>Company Registry (NIRE) No. 35.3000.1683-1</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face=verdana,sans-serif></FONT>&nbsp;</P>

<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>EXCERPT FROM THE MINUTES OF THE EIGHT HUNDRED AND NINETIETH<BR>BOARD OF DIRECTORS&#8217; MEETING</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>On June 13, 2019, at 9:00 a.m., Mario Engler Pinto Junior, Chairman of the Board of Directors, convened an ordinary&nbsp; meeting, as provided for in the title and paragraph 6 of Article 13 of the Bylaws of Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo &#8211; SABESP (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Issuer</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221; or &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Company</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), held at the Company&#8217;s headquarters, located in the City of S&#227;o Paulo, State of S&#227;o Paulo, at Rua Costa Carvalho, 300, Pinheiros, with the attendance of the members of the Company's Board of Directors, as named and signed below. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>(...)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 7pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Continuing the work, the Chairman of the Board of Directors moved on to </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>item 8</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> of the agenda: </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8220;Approval of the Conditions Applicable to the 24th Issue of Debentures&#8221;</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>time: 20&#8217;</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>), that is, &#8220;approval of the conditions applicable to the 24th (twenty-fourth) issuance of simple, non-convertible, unsecured debentures, in up to two series (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Debentures</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), for public distribution, pursuant to CVM Instruction No. 400, of December 29, 2003, as amended (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>CVM Instruction 400</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;) and the &#8220;C&#243;digo ANBIMA de Regula&#231;&#227;o e Melhores Pr&#225;ticas para Estrutura&#231;&#227;o, Coordena&#231;&#227;o e Distribui&#231;&#227;o de Ofertas P&#250;blicas de Valores Mobili&#225;rios e Ofertas P&#250;blicas de Aquisi&#231;&#227;o de Valores Mobili&#225;rios&#8221;, in force since June 3, 2019 (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Issuance</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;, &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Offering</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;, and &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>ANBIMA Offering Code</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;, respectively)&#8221;, giving the floor to the Chief Financial Officer and Investor Relations Officer, Rui de Britto &#193;lvares Affonso, and to the Head of Capital Markets and Investor Relations, Mario Azevedo de Arruda Sampaio, who talked through the item, based on the Executive Board Resolution 0239/2019, of June 12, 2019, on Internal Communication FI 031/2019, of June 12, 2019, and on the power point presentation, which were filed in the electronic folder of this meeting. After the matter was discussed and then put to a vote, in accordance with Article 59, paragraph 1, of Law No. 6,404, of December 15, 1976, as amended (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Brazilian Corporate Law</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), and pursuant to items XIX and XXII of Article 14 of the Bylaws, the members of the Board </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>approved, by unanimous vote</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>, the conditions applicable to the Offering, as described below, which will be detailed and regulated by means of the respective issuance deed (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Issuance Deed</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;): </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>1.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Issuer:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo &#8211; SABESP.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>2.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Total Issue Amount:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> The total amount of the Issue will be R$400,000,000.00 (four hundred million reais) on the Issue Date (as defined below), subject to the possibility of partial distribution under below and in the terms to be provided in the Issuance Deed.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>3.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Number of Series:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> The Issue will be carried out in up to 2 (two) series, and the existence of the first series and the amount of Debentures to be allocated in each series of the Issuance will be defined according to the demand for the Debentures, as determined in the Bookbuilding Procedure (as </FONT>


<FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>defined below) and according to the Issuer&#8217;s distribution plan. The allocation of the Debentures in the series of the Issue will take place in the system of communicating vessels, observing that the number of Debentures in any of the series must be deducted from the total number of Debentures, therefore limiting the number of Debentures to be allocated in the other series, given that at least 125,000 (one hundred and twenty-five thousand) Debentures will be allocated as Second Series Debentures (as defined below). The Debentures distributed allocated to the first series are hereinafter referred to as &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>First Series Debentures</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221; and the Debentures allocated to the second series are hereinafter referred to as &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Second Series Debentures</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>4.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Placement and Distribution Procedure:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> The Debentures will be subject to public distribution, pursuant to CVM Instruction 400, specifically in accordance with the procedure indicated for issuers with large market exposure, according to Articles 6-A and 6-B of CVM Instruction 400, under the mixed regime of: (i) firm placement guarantee to be provided by institutions that are part of the securities distribution system (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Coordinators</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), individually and not jointly, for the Debentures, in the amount of R$250,000,000.00 (two hundred and fifty million), of which at least R$125,000,000.00 (one hundred and twenty-five million reais) must be allocated to the Second Series Debentures, and (ii) best placement efforts, in the amount R$150,000,000.00 (one hundred and fifty million reais) with the intermediation of the Coordinators, in accordance with the terms of the relevant agreement for the placement of the Debentures to be entered into between the Issuer and the Coordinators (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Distribution Agreement</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), with the participation of other financial institutions, which do not qualify as coordinators of the Offering, authorized to operate in the capital market and in the placement of the Debentures with potential investors and clients (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Special Participants</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221; and, together with the Coordinators, &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Institutions Participating in the Offering</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), subject to the procedure set forth in paragraph 3 of Article 33 of CVM Instruction 400 (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Distribution Plan</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;). The terms and conditions of the Distribution Plan will be described in the Distribution Agreement and in the other documents of the Offering. The Offering will not be subject to placement efforts abroad. The partial distribution of the Debentures shall be allowed, considering that the Issue of Debentures is subject to the issuance of at least 250,000 (two hundred and fifty thousand) Debentures (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Minimum Offering Amount</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), with at least 125,000 (one hundred and twenty-five thousand) Debentures will be allocated as Second Series Debentures. Any Debentures not placed will be canceled by the Issuer, so that the total amount of the Issue and the number of Debentures will be adjusted by means of an amendment to the Issuance Deed, duly ratified by a corporate act of the Issuer&#8217;s Board of Directors, without the need for any approval by the Debenture holders at a general meeting. Since there is a possibility of partial distribution, pursuant to this item and Article 31 of CVM Instruction 400, the Offering Investor may, in the act of acceptance, condition the agreement to the distribution: (i) of all the Debentures subject to the Offering, and, if such condition is not implemented, the investment orders or Reservation Requests, as the case may be, will be canceled; or (ii) of a minimum proportion or quantity of Debentures, according to the Offering Investor&#8217;s criteria, which shall not be less than the Minimum Offering Amount. In this a case, Offering Investors shall, at the moment of acceptance, </FONT>


<FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>indicate, in compliance with the foregoing condition, if they intend to receive the total Debentures subscribed or the quantity equivalent to the proportion between the number of Debentures effectively distributed and the number of Debentures originally offered, assuming, in the absence of an announcement, that the Offering Investor is interested in receiving the totality of Debentures subscribed by him/her. If the expected condition is not implemented, the investment order or Reservation Request, as applicable, will be canceled.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>5.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Bookbuilding Procedure:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> The procedure for the collection of investment intentions, organized by the Coordinators, pursuant to paragraphs 1 and 2 of Article 23 and Article 44 of CVM Instruction 400, with the reception of reserves, shall be adopted to verify the demand for the Debentures at different levels of interest rates (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Bookbuilding Procedure</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;) and to define, with the Issuer: (i) the existence of the First Series Debentures; (ii) the number of Debentures to be allocated in each series of the Issue; (iii) the First Series Remuneration (as defined below), if First Series Debentures are issued, and the Second Series Remuneration (as defined below); and (iv) the total amount of the Offering, upon the cancellation of any Debentures not placed. The result of the Bookbuilding Procedure shall be ratified by means of an amendment to the Issuance Deed, duly ratified by a corporate act of the Issuer&#8217;s Board of Directors, without the need for any approval by the Debenture Holders at a general meeting. The result of the Bookbuilding Procedure will be disclosed through the Offering Commencement Notice, pursuant to Article 23, paragraph 2, of CVM Instruction 400.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>6.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Deposit for Distribution and Trading:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> The Debentures will be deposited for distribution in the primary market through the MDA &#8211; Asset Distribution Module, managed and operated by B3 S.A. &#8211; Brasil, Bolsa, Balc&#227;o &#8211; CETIP UTVM Segment (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>B3 &#8211; CETIP UTVM Segment</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), and financially settled through B3 &#8211; CETIP UTVM Segment. In addition, the Debentures will be deposited for trading in the secondary market through CETIP21 &#8211; T&#237;tulos e Valores Mobili&#225;rios, managed and operated by B3 &#8211; CETIP UTVM Segment, with negotiations financially settled and Debentures electronically held in custody at B3 &#8211; CETIP UTVM Segment.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>7.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Infrastructure Project Considered as Priority by the Ministry of Cities:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> The Issue of Debentures will be carried out in accordance with Article 2 of Law No. 12,431, Decree No. 8,874 and Ordinance No. 315 of the Ministry of Cities (which was merged with the Ministry of Regional Development), of May 11, 2018, taking into account that the infrastructure investment project in the basic sanitation sector, presented by the Issuer, regarding the upgrading and modernization of water supply systems in 71 (seventy-one) municipalities of the State of S&#227;o Paulo, whose main objectives are the control&nbsp; and reduction of losses in these systems (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Project</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), was considered a priority by the Ministry of Cities, through Decree No. 635 of the Ministry of Cities, of November 9, 2017, published in the Federal Official Gazette on November 10, 2017 (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Ministerial Ordinance No. 635</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), whose period of validity was extended by the Official Letter of the Ministry of Cities No. 357/2018/SNSA-MCIDADES, of September 25, 2018.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>8.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Allocation of Proceeds:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> Pursuant to Article 2 of Law No. 12,431, Decree No. 8,874, Resolution of the National Monetary Council (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>CMN</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;) No. 3,947, of January 27, 2011 and Ministerial Ordinance No. 635, the proceeds arising from the Issue will be allocated to investment, future payment or reimbursement of expenses, obligations or debts disbursed in the period equal or lower to than 24 (twenty-four) months before the closing of the Offering, related to the execution of the Project in municipalities that are among the 71 municipalities of the State of S&#227;o Paulo approved by Ministerial Ordinance No. 635, observing the provisions of Paragraph 1 of Article 1 of Law No. 12,431, according to information to be described in the Issuance Deed.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>9.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Issue Date:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> For all legal purposes and effects, the issue date of the Debentures will be July 15, 2019 (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Issue Date</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>10.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Format and Convertibility:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> The Debentures shall be registered and book-entry, simple, not convertible into the Issuer&#8217;s shares and without the issue of caveat or certificates.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>11.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Type:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> Unsecured.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>12.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Term and Maturity Date:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> The First Series Debentures will mature in 7 (seven) years from the Issue Date, that is, July 15, 2026 (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Maturity Date of the First Series Debentures</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;) and the Second Series Debentures will mature in 10 (ten) years from the Issue Date, that is, July 15, 2029 (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Maturity Date of the Second Series Debentures</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;). With exception to the possibility of redemption of the First Series Debentures and the Second Series Debentures, as provided for in the Issuance Deed, and/or the early maturity of the Debentures, as provided for in the Issuance Deed, the Issuer is obligated to: (i) on the Maturity Date of the First Series Debentures, make the payment of the First Series Debentures at their Restated Unit Par Value (as defined below), plus the First Series Remuneration and any amounts due and not paid, calculated according to the Issuance Deed; and (ii) on the Maturity Date of the Second Series Debentures, make the payment of the Second Series Debentures at their Restated Unit Par Value, plus the Second Series Remuneration and any amounts due and not paid, calculated according to the Issuance Deed.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>13.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Unit Par Value:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> The unit par value of the Debentures will be R$1,000.00 (one thousand reais), on the Issue Date (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Unit Par Value</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>14.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Number of Debentures:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> 400,000 (four hundred thousand) Debentures will be issued, in up to 2 (two) series, subject to the possibility of partial distribution. The number of Debentures to be allocated in each series will be defined according to the Bookbuilding Procedure, given that at least 125,000 (one hundred and twenty-five thousand) Debentures will be allocated as Second Series Debentures.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>15.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Amortization of the Restated Unit Par Value:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> With exception to the possibility of redemption of the First Series Debentures and the Second Series Debentures, as provided for in the Issuance Deed, and/or the early maturity of the Debentures, as provided for in the Issuance Deed: (i) the Restated Unit Par Value of the First Series Debentures will be paid in a single installment, on the </FONT>


<FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Maturity Date of the First Series Debentures; and (ii) the Restated Unit Par Value of the Second Series Debentures will be amortized in 3 (three) annual installments, always on the 15th of July of each year, the first installment due on July 15, 2027, corresponding to 33.3333% (thirty-three point three thousand, three hundred and thirty-three percent) of the Restated Unit Par Value of the Second Series Debentures, the second installment due on July 15, 2028, corresponding to 50.0000% (fifty percent) of the Restated Unit Par Value of the Second Series Debentures, and the third installment due on the Maturity Date of the Second Series Debentures, in an amount corresponding to 100.0000% (one hundred percent) of the Restated Unit Par Value of the Second Series Debentures.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>16.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Remuneration: (a) Monetary Restatement:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> The Unit Par Value or the balance of the Unit Par Value, as the case may be, of the First Series Debentures and the Unit Par Value or the balance of the Unit Par Value, as the case may be, of the Second Series Debentures shall be restated by the accumulated variation of the Extended National Consumer Price Index (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>IPCA</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), calculated and published monthly by the Brazilian Institute of Geography and Statistics, since the First Payment Date (as defined below) of the First Series Debentures and/or since the First Payment Date of the Second Series Debentures, as the case may be (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Monetary Restatement</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), and the proceeds of the Monetary Restatement will be automatically incorporated to the Unit Par Value or to the balance of the Unit Par Value, as the case may be, of the First Series Debentures and/or the Unit Par Value or to the balance of the Unit Par Value, as the case may be, of the Second Series Debentures (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Restated Unit Par Value</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;). The Monetary Restatement of the Debentures will be calculated pro rata temporis, per Business Days elapsed, according to the formula to be set forth in the Issuance Deed; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>(b)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>First Series Remuneration: </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>The First Series Debentures will be entitled to a remuneration (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>First Series Remuneration</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;) corresponding to a certain percentage per year, based on 252 (two hundred and fifty-two) Business Days, to be defined in accordance with the Bookbuilding Procedure, and, in any case, limited to: (i) the domestic return rate of the IPCA Treasury+ plus Semiannual Interest (formerly known as National Treasury Notes, Series B &#8211; NTN B), due on 2026, based on the indicative price disclosed by ANBIMA on its website (http://www.anbima.com.br) on the Business Day immediately preceding the date of the completion of the Bookbuilding Procedure (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Definition Date</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), decreased by a spread of 0.05% (five hundredths percent) per year, based on 252 (two hundred and fifty-two) Business Days; or (ii) 3.95% (three point ninety-five percent) per year, based on 252 (two hundred and fifty-two) Business Days, between items (i) and (ii), whichever is greater on the Definition Date. The First Series Remuneration shall be calculated exponentially and cumulatively pro rata temporis, per Business Days elapsed, on the Restated Unit Par Value of the First Series Debentures, from the First Payment Date of the First Series Debentures or the last Remuneration Payment Date (as defined below), as the case may be, and paid at the end of each Profitability Period (as defined below). The First Series Remuneration will be calculated according to the formula to be set forth in the Issuance Deed; </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>(c)</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Second Series Remuneration:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> The Second Series Debentures will be entitled to a remuneration (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Second Series Remuneration</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;) corresponding to a certain percentage per year, based on 252 (two hundred and fifty-two) Business Days, to be defined in </FONT>


<FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>accordance with the Bookbuilding Procedure, and, in any case, limited to: (i) the domestic return rate of the IPCA Treasury+ plus Semiannual Interest (formerly known as National Treasury Notes, Series B &#8211; NTN B), due on 2028, based on the indicative price disclosed by ANBIMA on its website (http://www.anbima.com.br) on the Definition Date; or (ii) 4.07% (four point seven hundredths percent) per year, based on 252 (two hundred and fifty-two) Business Days, between items (i) and (ii), whichever is greater on the Definition Date. The Second Series Remuneration shall be calculated exponentially and cumulatively pro rata temporis, per Business Days elapsed, on the Restated Unit Par Value of the Second Series Debentures, from the First Payment Date of the Second Series Debentures or the last Payment Date of the Remuneration, as the case may be, and paid at the end of each Profitability Period. The Second Series Remuneration will be calculated according to the formula to be set forth in the Issuance Deed; and </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>(d) Profitability Period:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> In order to calculate the First Series Remuneration and the Second Series Remuneration, the &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Profitability Period</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221; is defined as the period of time starting on the First Payment Date, including, of the respective series, in the case of the first Profitability Period, or on the Remuneration Payment Date immediately preceding, including, in the case of the other Profitability Periods, and ends on the Payment Date of the Remuneration, exclusive, corresponding to the relevant period.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>17.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Payment of Remuneration: </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>With exception to the possibility of redemption of the First Series Debentures and the Second Series Debentures, as provided for in the Issuance Deed, and/or the early maturity of the Debentures, as provided for in the Issuance Deed, the amounts related to First Series Remuneration and the Second Series Remuneration shall be paid annually, always on the 15th of July of each year, the first payment due on July 15, 2020 and the last payment due on the Maturity Date of the First Series Debentures, in the case of the First Series Debentures, and on the Maturity Date of the Second Series Debentures, in the case of the Second Series Debentures (each of these dates, a &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Remuneration Payment Date</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>18.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Payment Location: </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>The payments to which the Debentures are entitled will be made by the Issuer on the respective maturity date, using, as the case may be: (a) the procedures adopted by B3 &#8211; CETIP UTVM Segment, for Debentures electronically held in custody at B3 &#8211; CETIP UTVM Segment, as the case may be; and/or (b) the procedures adopted by the Bookkeeping Agent, for Debentures that are not electronically held in custody at B3 &#8211; CETIP UTVM Segment (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Payment Location</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>19.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Extension of Terms: </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>The terms related to the payment of any obligation related to the Debentures will be considered extended up until the 1st (first) subsequent Business Day, if the maturity date falls on a day on which there is no commercial or banking business hours at the Payment Location or in the City of S&#227;o Paulo, State of S&#227;o Paulo, without any increase in the amounts to be paid, except for cases in which the payments must be carried out through B3 &#8211; CETIP UTVM Segment, in which case there will only be an extension when the payment date falls on a national holiday, a Saturday and/or a Sunday.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>20.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Default Charges: </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Without prejudice to the First Series Remuneration and the Second Series Remuneration, in case of late payment of any amount due to the Debentures holders, the overdue debts will be subject to a non-compensatory default charge of 2% (two percent) on the amount due and default interest calculated from the date of default up to the date of its effective payment, at the rate of 1% (one percent) per month, on the overdue amount, regardless of notice, notification or judicial or extrajudicial injunction, in addition to the expenses incurred by the Debentures holders for the collection of their credits.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 7pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>21.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Subscription Price and Payment: </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>The Debentures will be paid in cash and in local currency at the time of subscription in the primary market, on one or more dates during the Placement Term, at their Unit Par Value and, if the Debentures are paid on more than one date, for the Debentures that were not paid on the first payment date of the respective series (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>First Payment Date</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>&#8221;), at their Unit Par Value, plus the First Series Remuneration or the Second Series Remuneration, as the case may be, calculated pro rata temporis from the respective First Payment Date to the date of its effective payment, using 8 (eight) decimal places, no rounding, and the subscription price on the First Payment Date and subsequent payment dates may incur in premium or discount, provided that, if applicable, the premium or discount will be the same for all the Debentures of the respective series on each of the payment dates. If, up to the Debentures payment date, there is no disclosure of the IPCA for the immediately preceding month, the last IPCA officially disclosed will be used for the calculation of the Restated Unit Par Value, until the IPCA for the immediately preceding month is disclosed, and no financial compensation is due between the Issuer and the Debenture Holders, if and when the IPCA that would be applicable is disclosed.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>22.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Renegotiation: </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>There will be no renegotiation of the Debentures.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>23.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Proof of Ownership of Debentures: </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>The Issuer will not issue caveat or certificates for the Debentures. For all legal purposes, the ownership of the Debentures will be proved by the statement issued by the Bookkeeping Agent. In addition, the statement issued in the name of the Debenture Holder by B3 &#8211; CETIP UTVM Segment, in relation to the Debentures that are electronically held at B3 &#8211; CETIP UTVM Segment, will be considered as proof of ownership of the Debentures.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>24.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Risk Rating:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> The ratings agency Standard &amp; Poor&#8217;s was contracted to assign a rating to the Debentures, according to the provisions in the Issuance Deed. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>25.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Optional Acquisition: </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>The Issuer may, after 2 (two) years as of the Issue Date, and observing the provisions of Law No. 12,431 and the applicable CVM and CMN regulations, or before such date, if legally permitted, pursuant to Article 1, paragraph 1, item II of Law No. 12,431, CMN regulation or other applicable laws or rules, acquire Debentures, also pursuant to the provisions of paragraph 3 of Article 55 of the Brazilian Corporate Law. The Debentures acquired by the Issuer may be: (i) canceled, if legally permitted, pursuant to the provisions of Law No. 12,431, CMN regulations and applicable rules, and subject to a deliberative act of the Issuer; (ii) remain held in treasury by the Issuer; or (iii) re-placed on the market. The Debentures acquired by the Issuer to be held in treasury under the </FONT>


<FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>terms of this Clause, if and when placed on the market, will be entitled to the same Remuneration of the other Debentures of the respective series.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>26.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Optional Early Redemption: </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>The full or partial optional early redemption of the First Series Debentures or the Second Series Debentures will not be allowed.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; TEXT-DECORATION: none; LETTER-SPACING: 0pt; LINE-HEIGHT: 16pt" color=windowtext face=Tahoma,sans-serif>27.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; TEXT-DECORATION: none; LETTER-SPACING: 0pt; LINE-HEIGHT: 16pt" color=windowtext face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Optional Extraordinary Amortization:</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif> The optional extraordinary amortization of the First Series Debentures or the Second Series Debentures will not be allowed.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt; TEXT-INDENT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 16pt" face=Tahoma,sans-serif>28.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 7pt; LINE-HEIGHT: 16pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Early Maturity: </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>Subject to the terms to be set forth in the Issuance Deed, the Trustee, through prior notice sent to the Issuer, must declare in advance all obligations related to the Debentures and demand immediate payment of all Debentures, as established in the Issuance Deed, in the cases to be provided for in the Issuance Deed.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>The terms used in these minutes that are not defined herein have the same meaning that will be ascribed to them in the Issuance Deed.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 0pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>The Board of Directors also authorized the members of the Company&#8217;s Board of Executive Officers, pursuant to legal and statutory provisions, to carry out any and all acts related to the Issue, including, but not limited to (i) negotiating and celebrating the Issuance Deed and its amendments, including the ratification of the result of the Bookbuilding Procedure, as well as the Distribution Agreement and all other documents necessary for the realization of the Issue and the Offering; (ii) promoting the registration of the Offering with CVM, B3 &#8211; CETIP UTVM Segment and other relevant bodies; (iii) contracting one or more financial institutions authorized to operate in the capital market to be responsible for the coordination and intermediation of the distribution of the Debentures; (iv) hiring providers of services inherent to the Debentures, including the system of distribution and trading of the Debentures in the primary and secondary markets; and (v) establishing conditions additional to those here deemed necessary or appropriate for the Issue, and may also define the existence of 1 (one) or 2 (two) series, the number of Debentures to be allocated in each series and, therefore, the total value of the Offering, upon cancellation of any Debentures not placed, as well as determine the remuneration of the Debentures, after definition through Bookbuilding Procedure to be conducted by the Coordinators, within the limits and parameters established herein. Finally, the Board of Directors ratified all the acts related to the Issue that were previously practiced by the Board of Executive Officers.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; TEXT-INDENT: 0in"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>(...)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>The minutes were signed by the attending Board of Directors, as follows: Mario Engler Pinto Junior, Benedito Pinto Ferreira Braga Junior, Ernesto Rubens Gelbcke, Francisco Luiz Sibut Gomide, Francisco Vidal Luna, Lucas Navarro Prado, Lu&#237;s Eduardo Alves de Assis, Monica Ferreira do Amaral Porto and Reinaldo Guerreiro.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>This is a free English translation of an excerpt from the original minutes drawn up in the Book of Minutes of the Meetings of the Company&#8217;s Board of Directors.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 16pt" face=verdana,sans-serif>S&#227;o Paulo, June 13, 2019.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face=verdana,sans-serif>Mario Engler Pinto Junior</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face=verdana,sans-serif>Chairman of the Board of Directors</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: normal" face=verdana,sans-serif>Marialve de S. Martins</FONT></P>

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<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: normal" face=verdana,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO - SABESP</FONT></B></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: normal" face=verdana,sans-serif>Corporate Taxpayer&#8217;s ID (CNPJ) No. 43.776.517/0001-80</FONT></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: normal" face=verdana,sans-serif>Company Registry (NIRE) No. 35.3000.1683-1</FONT></P>

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<P style="PAGE-BREAK-AFTER: auto; TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>EXCERPT FROM THE MINUTES OF THE EIGHT HUNDRED AND NINETIETH<BR>BOARD OF DIRECTORS&#8217; MEETING</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>On June 13, 2019, at 9:00 a.m., Mario Engler Pinto Junior, Chairman of the Board of Directors, convened an ordinary&nbsp; meeting, as provided for in the title and paragraph 6 of Article 13 of the Bylaws of Companhia de Saneamento B&#225;sico do Estado de S&#227;o Paulo &#8211; SABESP (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>Issuer</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>&#8221; or &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>Company</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>&#8221;), held at the Company&#8217;s headquarters, located in the City of S&#227;o Paulo, State of S&#227;o Paulo, at Rua Costa Carvalho, 300, Pinheiros, with the attendance of the members of the Company's Board of Directors, as named and signed below. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>(...)</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 6pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>Continuing, the Chairman of the Board of Directors moved on to </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>item 2</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif> of the agenda: &#8220;</FONT><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>Election of the Board of Executive Officers for the 2019/2021 mandate</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>&#8221; (</FONT><I><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>time: 20&#8217;)</FONT></I><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>. The matter was guided by Official Letter SIMA/GAB/492/19, of May 14, 2019, Codec Letter 329/2019, of May 16, 2019, the minutes of the 6th meeting of the Eligibility and Advisory Committee held on May 20, 2019, which verified that the appointment process is in compliance with Federal Law No. 13,303/2016, Federal Law No. 6,404/1976, State Decree No. 62,349/2016, the Company&#8217;s Bylaws, the Company&#8217;s Appointment Policy, CODEC Deliberation No. 03/2018, and CODEC Opinion No. 095/2019, of May 21, 2019. After the matter was put to a vote, </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>the election of Sabesp&#8217;s Board of Executive Officers was unanimously approved for a 2-year term of office</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>, pursuant to item II of Article 142 of Law No. 6,404/76, and the Company&#8217;s Bylaws. The following Officers were elected:</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 0pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>BENEDITO PINTO FERREIRA BRAGA JUNIOR</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif> (2nd term &#8211; 1st reappointment), Brazilian, widower, civil engineer, bearer of identity card (RG)&nbsp;No.&nbsp;3.415.725-6 SSP/SP, registered under individual taxpayer&#8217;s ID (CPF) No. 550.602.698-68, domiciled at Rua Costa Carvalho, 300, Pinheiros, S&#227;o Paulo &#8211; SP, CEP: 05429-000, as </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>Chief Executive Officer</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>;</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 0pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>RUI DE BRITTO &#193;LVARES AFFONSO</FONT></U></B><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif> </FONT></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>(2nd term &#8211; 1st reappointment), Brazilian, married, economist, bearer of identity card (RG)&nbsp;No. 7.867.051 SSP/SP, registered under individual taxpayer&#8217;s ID (CPF) No. 013.982.348-42, domiciled at Rua Costa Carvalho, 300, Pinheiros, S&#227;o Paulo &#8211; SP, CEP: 05429-000, as </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>Chief Financial Officer and Investor Relations Officer</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 0pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>ADRIANO CANDIDO STRINGHINI</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif> (2nd term &#8211; 1st reappointment), Brazilian, married, lawyer, bearer of identity card (RG)&nbsp;No. 24.579.520-0 SSP/SP, registered under individual taxpayer&#8217;s ID (CPF) No. 151.578.808-39, domiciled at Rua Costa Carvalho, 300, Pinheiros, S&#227;o Paulo &#8211; SP, CEP: 05429-000, as </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>Corporate Management Officer</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 0pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>EDISON AIROLDI</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif> (2nd term &#8211; 1st reappointment), Brazilian, married, mechanical engineer, bearer of identity card (RG)&nbsp;No. 7.547.284 &#8211; SSP/SP, registered under individual taxpayer&#8217;s ID (CPF) No. 925.664.998-53, domiciled at Rua Costa Carvalho, 300, Pinheiros, S&#227;o Paulo &#8211; SP, CEP: 05429-000, as </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>Technology, Enterprises and Environment Officer</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 0pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>PAULO MASSATO YOSHIMOTO</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif> (2nd term &#8211; 1st reappointment), Brazilian, single, civil engineer, bearer of identity card (RG)&nbsp;No. 5.288.540 SSP/SP, registered under individual taxpayer&#8217;s ID (CPF) No. 898.271.128-72, domiciled at Rua Costa Carvalho, 300, Pinheiros, S&#227;o Paulo &#8211; SP, CEP: 05429-000, as </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>Metropolitan Officer</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>; and</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 0pt"><B><U><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>RICARDO DARUIZ BORSARI</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif> (2nd term &#8211; 1st reappointment), Brazilian, married, civil engineer, bearer of identity card (RG)&nbsp;No. 5.447.247-7 SSP/SP, registered under individual taxpayer&#8217;s ID (CPF) No. 003. 952.738-70, domiciled at Rua Costa Carvalho, 300, Pinheiros, S&#227;o Paulo &#8211; SP, CEP: 05429-000, as </FONT><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>Regional Systems Officer</FONT></B><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>Pursuant to paragraph 2 of Article 8 of the Bylaws, the Chief Executive Officer shall be a member of the Board of Directors for as long as he holds that position.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>The elected officers shall serve a new 2-year unified term, in accordance with the provisions of the Bylaws, and the investiture in positions shall comply with the requirements, impediments and procedures set forth in the current regulations, which must be verified at the time of investiture. The remuneration shall comply with the strict terms of CODEC guidelines, as established in the General Shareholders&#8217; Meetings, and in cases in which the Officer accumulates the functions of another Officer, he/she will only receive one remuneration. Regarding the declaration of assets, the applicable state regulations must be observed.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>In addition, the investiture is subject to the assumption of a commitment to specific goals and results to be achieved, as approved by the Board of Directors, in accordance with Article 23 of </FONT>


<FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>Law No. 13,303/2016, and, the term of investiture must include compliance with the arbitration clause of the Novo Mercado Regulation, pursuant to paragraph 1 of Article 42 of the Company&#8217;s Bylaws.</FONT></P></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>The minutes were signed by the attending Board of Directors, as follows: Mario Engler Pinto Junior, Benedito Pinto Ferreira Braga Junior, Ernesto Rubens Gelbcke, Francisco Luiz Sibut Gomide, Francisco Vidal Luna, Lucas Navarro Prado, Lu&#237;s Eduardo Alves de Assis, Monica Ferreira do Amaral Porto and Reinaldo Guerreiro.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>This is a free English translation of an excerpt from the original minutes drawn up in the Book of Minutes of the Meetings of the Company&#8217;s Board of Directors.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 12pt 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9.5pt; LINE-HEIGHT: 150%" face=verdana,sans-serif>S&#227;o Paulo, June 14, 2019.</FONT></P>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 21.3pt 0pt 0in"><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>Mario Engler Pinto Junior</FONT></B></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt 0in"><B><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>Marialve de S. Martins</FONT></B></P></TD></TR>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 21.3pt 0pt 0in"><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>Chairman of the Board of Directors</FONT></P></TD>

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   <P style="TEXT-ALIGN: justify; MARGIN: 0in 0pt 0pt 0in"><FONT lang=EN-US style="FONT-SIZE: 9.5pt" face=verdana,sans-serif>Secretary of the Board of Directors</FONT></P></TD></TR></TABLE></DIV>

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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>&nbsp;</FONT></DIV></U></B></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;July 2, 2019</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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