<SEC-DOCUMENT>0001292814-20-002654.txt : 20200721
<SEC-HEADER>0001292814-20-002654.hdr.sgml : 20200721
<ACCEPTANCE-DATETIME>20200720190347
ACCESSION NUMBER:		0001292814-20-002654
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20200930
FILED AS OF DATE:		20200721
DATE AS OF CHANGE:		20200720

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:		201037275

	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>sbs20200710_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>

<HTML>
<HEAD>
   <TITLE>sbs20200710_6k.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">



<HR align=left color=#000000 SIZE=2 noShade>



<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>

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

<HR align=center color=#000000 SIZE=1 width="25%" noShade>



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

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

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

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

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

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

<DIV align=center>

<DIV><FONT color=#000000 size=2 face="Times New Roman"><B>For&nbsp;July, 2020</B></FONT></DIV><FONT color=#000000 size=2 face="Times New Roman"><B>(Commission File No. 1-31317) </B></FONT></DIV>

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

<HR align=center color=#000000 SIZE=1 width="25%" noShade>



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

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

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

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

<DIV align=center></DIV>

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

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

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

<HR align=center color=#000000 SIZE=1 width="25%" noShade>

<BR>

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

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

<HR align=center color=#000000 SIZE=1 width="25%" noShade>

<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>

<HR align=left color=#000000 SIZE=2 noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV><A name="page_1"></A>

<a name="_bclPageBorder1"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: left; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 8pt; TEXT-INDENT: 0in" align=left><B><FONT lang=PT-BR style="FONT-SIZE: 11pt; LINE-HEIGHT: 107%" color=black face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 7.15pt; TEXT-INDENT: 0in" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" color=black face=Arial,sans-serif>
<IMG border=0 src="sbs_logo.gif">&nbsp;</FONT></P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 1.1pt 0pt 0.5pt; TEXT-INDENT: -0.5pt" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" color=black face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 1.1pt 0pt 0.5pt; TEXT-INDENT: -0.5pt" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" color=black face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 1.1pt 0pt 0.5pt; TEXT-INDENT: -0.5pt" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" color=black face=Arial,sans-serif>COMPANHIA DE SANEAMENTO B&#193;SICO DO ESTADO DE S&#195;O PAULO - SABESP</FONT></B></P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 1.1pt 0pt 0.5pt; TEXT-INDENT: -0.5pt" align=center><B><FONT lang=PT-BR style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" color=black face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 1.1pt 0pt 0.5pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" color=black face=Arial,sans-serif>PUBLICLY-HELD COMPANY</FONT></P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 1.1pt 0pt 0.5pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" color=black face=Arial,sans-serif>CNPJ 43.776.517/0001-80</FONT></P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 1.1pt 0pt 0.5pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" color=black face=Arial,sans-serif>NIRE 35300016831</FONT></P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 1.1pt 0pt 0.5pt; TEXT-INDENT: -0.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" color=black face=Arial,sans-serif></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 1.1pt 0pt 0.5pt; TEXT-INDENT: -0.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" color=black face=Arial,sans-serif>MATERIAL FACT</FONT></B></P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0.25pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 103%" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0.25pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 103%" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>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: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Company</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221; and &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Sabesp</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;), in compliance with the terms set forth in Instruction of the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Comiss&#227;o de Valores Mobili&#225;rios </FONT></I><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>(&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>CVM</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;) No. 358, of January 3, 2002, as amended, hereby informs its shareholders and the market in general that, on this </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=windowtext face=Arial,sans-serif>date</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>, it was approved, in the 916<SUP>th</SUP> meeting of the Board of Directors of the Company (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>RCA</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;), the consummation of the 26<SUP>th</SUP> (twenty sixth) issuance of simple, unsecured and non-convertible debentures, in 2 (two) series (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Debentures</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;), for public distribution, with restricted placement efforts, pursuant to CVM Rule No. 476, dated as of January 16, 2009, as amended (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>CVM Rule 476</FONT></U></B><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif> </FONT></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>and &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Issuance</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221; or &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=windowtext face=Arial,sans-serif>Offer</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=windowtext face=Arial,sans-serif>&#8221;, respectively), in the total amount of one billion and forty five million of reais (R$1,045,000,000.00), on the respective Issuance Date, and the possibility of partial distribution of the Debentures shall not be allowed.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>The Debentures will meet the requirements of the article 2 of Law No. 12,431, of June 24, 2011, as amended (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Law 12,431</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;), in such a manner that their holders may be entitled of the tax benefits in accordance with the law.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0.25pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>The bookbuilding process will be adopted, arranged by the financial institutions coordinating de Offer, with no minimum or maximum lots reservations, for the examination of the demand by the Debentures (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Bookbuilding Process</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;) and to define, together with the</FONT><FONT lang=EN style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif> Company</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>, the </FONT><FONT lang=EN style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>applicable </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>remuneration of the Debentures of the First Series and the </FONT><FONT lang=EN style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>applicable </FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>remuneration of the Debentures of the Second Series. The result of the Bookbuilding Process will be ratified by means of an amendment to the indenture, duly ratified by corporate document of the Board of Directors of the Company, without the need for a new approval of the debenture holders assembled in a General Meeting of Bondholders.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>The Offer will target professional investors only, in compliance with Articles 9-A and 9-C of CVM Rule 539, of November 13, 2013, as amended, and Article 2 of CVM Rule 476. According to Article 3 of CVM Rule 476, the Offer will be presented to a maximum of seventy-five (75) professional investors, though the Debentures may only be subscribed by a maximum of fifty (50) professional investors. The process of structuring the Offer and distribution of the Debentures will be undertaken by a consortium of financial institutions belonging to the Securities Distribution System.</FONT></P>

<a name="_bclFooter1"></a><DIV><FONT></FONT><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>&nbsp;</FONT>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0in 0.75pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0in 0.75pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>
<IMG border=0 src="sbs_bottom2.jpg"></FONT></P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0in 0.75pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_2"></A>

<a name="_bclPageBorder2"></a><DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0.25pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Under Article 2 of Law No 12,431, Decree No. 8,874, of October 11, 2016, as amended, (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Decree</FONT></U></B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif> </FONT></U><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>8,874</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;), of the Ministerial Ordinance No. 1,917, of the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Minist&#233;rio de Desenvolvimento Regional </FONT></I><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>(&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>MDR</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;), dated as August 9, 2019 (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Ordinance 1.917</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;), of the Resolution of the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Conselho Monet&#225;rio Nacional</FONT></I><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif> (&#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>CMN</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;) No. 3,947, of January 27, 2011, and of the MDR Ministerial Ordinances No. 1,268, 1,269, 1,270 and 1,271, all dated of May 4, 2020 and duly published in the </FONT><I><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Di&#225;rio Oficial da Uni&#227;o</FONT></I><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif> on May 5, 2020 (individually and indistinctly, &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Ordinance 1,268</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;, &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Ordinance 1,269</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;, &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Ordinance 1,270</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221; and &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Ordinance 1,271</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;, respectively and, jointly, &#8220;</FONT><B><U><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>MDR Ordinances</FONT></U></B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>&#8221;), the funds proceeding from the Issuance will be intended for investment, future payment or reimbursement of expenses or obligations disbursed in a period equal or inferior to twenty four (24) months before the end of the Offer, related to the execution of the projects </FONT><FONT lang=EN style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>classified as priorities by the MDR, under the terms of the MDR Ordinances</FONT><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>, being observed the provisions of paragraph 1&nbsp;C, of article 1 of Law No. 12,431.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>This Material Fact is disclosed by the Company exclusively for informative purposes, in accordance with current regulations, and should not be interpreted or considered, for all legal purposes, as a material or effort to sell or offer.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=windowtext face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>The terms used by this Material Fact that are not defined herein have the same meaning as those assigned to them in the minutes of RCA.</FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>In accordance with the applicable regulations and according to the rules of conduct set forth therein, additional information about the Company and the Issuance will be obtainable on CVM&#8217;s website (http://www.cvm.gov.br) and the Company&#8217;s website (http://www.sabesp.com.br). </FONT></P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>S&#227;o Paulo, July, 10, 2020.</FONT></P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt"><FONT lang=PT-BR style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Rui de Britto &#193;lvares Affonso</FONT></P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0pt 0.75pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: 16pt" color=black face=Arial,sans-serif>Chief Financial Officer and Investor Relations Officer</FONT></P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 1.1pt 0pt 0.5pt; TEXT-INDENT: -0.5pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 11pt; LINE-HEIGHT: normal" color=black face=Arial,sans-serif></FONT></B>&nbsp;</P>

<a name="_bclFooter2"></a><DIV><FONT></FONT><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>&nbsp;</FONT>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0in 0.75pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif>
<IMG border=0 src="sbs_bottom2.jpg"></FONT></P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0in 0.75pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; TEXT-JUSTIFY: inter-ideograph; MARGIN: 0in 0in 0in 0.75pt; TEXT-INDENT: -0.5pt" align=center><FONT lang=PT-BR style="FONT-SIZE: 11pt" color=black face=Arial,sans-serif></FONT>&nbsp;</P></DIV></DIV>

<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<HR align=left color=#000000 SIZE=2 noShade>



<P></P>

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

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

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

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

<DIV align=justify><FONT color=#000000 size=3 face="Times New Roman">Date:&nbsp;July 10, 2020</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>

<HR align=left color=#000000 SIZE=2 noShade>

</DIV>

<P></P>

<DIV></DIV>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>sbs_bottom2.jpg
<TEXT>
begin 644 sbs_bottom2.jpg
M_]C_X  02D9)1@ ! 0$ E@"6  #_VP!#  H'!PD'!@H)" D+"PH,#QD0#PX.
M#QX6%Q(9)" F)2,@(R(H+3DP*"HV*R(C,D0R-CL]0$! )C!&2T4^2CD_0#W_
MVP!# 0L+"P\-#QT0$!T]*2,I/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3T]
M/3T]/3T]/3T]/3T]/3T]/3T]/3T]/3W_P  1" !Y J(# 2(  A$! Q$!_\0
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M@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHHH ****
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ME1DU:KA:L['JQ?,DPHHHI#"BBB@ HHHH **** "BBB@ HHHH **** "BBB@
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MQ_Q+K7'M\\U<M9Z?I^@QP_\ "6:%=1WD4P:378G+K(^[AVD4[T!..&&!TZ4
M=R?#^FC@K,/^WJ7_ .*H_P"$?TTC.V?'_7U+_P#%5SWQ&\/Z5/HEQJ4MA ]Z
M9K9//*_-M,R*1GZ$BG>,]&T_1/AWJ\.F645M%)L9TA&-QWJ/Y<4 ;_\ PC^F
MGM-_X%2__%4?\(]IN<;9\^GVJ7_XJL'1=(T4:M T'@RYT^5"62YEBB"H0/57
M)_2HK'PWI.N^+/$\FJ6$-T\=U$B-(.5'D1G /;F@#KK/3K>PW_9UD&_&=\KO
MT_WB<5:KE_"K2V.MZWH8GEN+2P,,ENTKEWC6123&6/) *Y&><,*ZB@ HHHH
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MK**X3X8_$$^,M/EM[X(FJ6H!DVC E7IO [<\$?3UKNZ "BBB@ HHHH ****
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MJR_] J__ "C_ /BZ/[5E_P"@5?\ Y1__ !=9MMQ42TDG<T:*SO[5E_Z!5_\
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M<@&1L=7'7_=Q2:_HZ:_HESILLSPK. /,0 E<$$8SQVIG]B-_T%=2_P"_J_\
MQ-']B-_T%=2_[^K_ /$T 5K31M9@NXI)_$US<1*P+1-:0J''ID+D?A4$WA6\
M&K7][I^O7=BM^ZR2Q1P1-RJ!."RDCA16A_8C?]!74O\ OZO_ ,31_8C?]!74
MO^_J_P#Q- #]&T2UT.U>*V,LCRN99IYGWR3.>K,>YX'L.U:-5;*Q-GOS=W-Q
MNQ_KG#;?I@"K5 !1110 4444 %8OBC1?[9TPK&!]HB^:,^OJ/Q_PK:HJX3<)
M*4=T9U:<:L'"6S/$W1HW9'4JRG!!&"#77_#RX1+N[@8@/(BLH]<9S_.MSQ#X
M3M]8S/"1#=_WL?*_U_QKB)])U;0KI9C#+&T9RLJ#*_GTKVO;4\52<+V;/FOJ
M]7 5U4:O%=?ZV/6*Q/%\\<'ANY$A&9,(H]3D'^A/X5SD'Q!NTA"S6<<D@_C!
M*_I61>WNJ^)[I3Y3R!>%CB4[5_SZFN2C@:D9J4]$CT,3FE*=)PI7;:ML8U=K
MX&T%O,_M.Y3"C(A![GNW^?Z4[0O K*ZSZL1@<B!3G/\ O'_"NV5510J@*H&
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M3:5=2>79ZS ]C*QZ*SC"-^#8_ F@#2^#!Q\1[3WAE_\ 0#7N7CO_ )$/7?\
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M?Q'M%C)VR0RJ^.Z["?Y@5](UY1\&? ESHZ2Z]JD+17%Q'Y=O$XPRH>2Q'8G
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M52LM>M=0UJ^TVWW-+8A?-?C;EL\#W&.:YQM3?P<;[2(T+F3][I*?WB[8,?\
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MSX?\/:G>V'A[4M.M(7B\Z-X0IE+Y4;06P<8Y_"L&74_AOK6I0C4_#5[IING
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MZG\!^57J* ,*[\$>&[^^-Y=:+927#'<SF(?,?4CH?QK;CC2*-8XT5$4855&
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:BBB@ HHHH **** "BBB@ HHHH **** /_]D!

end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>sbs_logo.gif
<TEXT>
begin 644 sbs_logo.gif
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MA*/3ASU. X@=O* V6?]$41"ART_$X=56)WH$+(*'/I"9$[R;$P&YT*8-2W"
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M3)'S..=0!](A8>2$0RP "30Q#VMY#ZW0AISUA/U1>(1P#A#9*1W1#G^  37
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M[LH7XI-2[SJO]%JO]GJO^)JO^KJO_#H^TB !$@ *_>JLTC   -   WNKTD
M .  "1NJ!3L #_"PC5JP #"Q% NF%HNQ&6L1^: .S= ,T: .3D$/TA"RTE D
M&;&Q%@&RJB -3V&RS2 -).L4(/\[LRKK%/APLS6+$<K   4   0P  7P ,_P
ME>H@ 0@P $P[  C@"3F[#Q$+ ?$P 07 M 3P #";$>I@ 0E@L$3; ,J@$:K
M  8+  !0 !*PM18!"@W0 "=KM@-   @@"ABA"DQ;  R@M%C;#!>A#@B M@C@
M  VPM!*+-18!#4S[MDZ+ $,+  ;@#1B!#@F0M@@@ 4 KM*. $:1@L ;P  ]@
MM@50 %MK#Q(   -@"E=K  S+M!90)/2P  -@ %N;#ZJ M@Y0+Z<+ )\0#Z>E
M#A!@L'Z;N$U+ *8@#_CP# L0M R N/,0N 5@"A?1# H@M*I@$?2PM E0L_HP
M"F@K 1G_* $&>P ,H KJ( T3P+0 (+WJ<+7@2U\/<  (T!'J0+@/T+/[@+<%
M(+ 6L;"HN[FEH0_M2P $,+RC<+6;BQ'-P+ -4!KJP+2=D('[0 ] RP J*[ZC
MR[;[@,$6W+Y$:PHD"[OQD#-:\YWS  $ $  4<!'0P+ %@+_[8 &N2R]F:P!V
MF3SZL !I2[(>; "F0"_T.P_R<)OB.P#@BQ$1^\(;W+0%$ &CT R^JQ'18 J@
M$ % &[0 L,*)B[8,H!&IP,43'+0%, $1 +!F? !,"[/XT !GBP /8 K1$+5+
MO+[_8P!H>[WS\ !83, $L+_<JPH)(,9Z*PJW2P 5P,(%(  <_WL1S,"T"3#!
M:8NU6(NZK3NV BRWZEL !P *]&(1&#R\%Y$/$!"TJ8 U)@L*>ORX#9M]Z3"Z
M$FN^%M$,3'O(_2L %^O%3-O%]("V!Z *OOS+P*P.'2&FS0 *5]RTX%LD1<P,
M#;0/#("VJ4 /ZA /B*L/JA !CPNSWFO$%T$OJ6"PM+P/T&#+!Q"U^O )3!L!
M^U /CEL 41R&%S$/TUPD JP*#I"W-2N^ ,"_W8S%TJ"Z", ,]D(/$X"Z?@L*
M:1L*223#!# !B)RVU_NW:#P I6 15@L I("]^V<*I# *=OD)"(  TF A^D /
M#0"YDKO!:6O!=SNW!P"R0?L *HL/^/\0O ,@S*8PM ^ -<ZB"E=[R_V+M@"
M ,_PNQ$PMP@0Q=$PM ?0#!9"#Z- M Z -;<[ *\;EOHP#[)K "%<Q 0P"O;0
M$=(@N_L\P0]@RPD "JIP"@]@L!#0OP4PM U0"J8@OE9+ %U,O =K 'JKQWF+
M"O1E"GG; )W0"8Z;MENK#L]\L:-P"J4@MQ9P$47,  &  %7\TR_=LA* Q6=;
MM#VK"H&;M@G=O@&@Q.(<T\T0VFA; !F=$:E@N*AKL P RON #FT]MP8;M!*0
ML^)+ *I@ 7L\U!HLS:5@ 0 ;"LT@Q^HP"A)@ :%0L^H0W1XQS_O@#J9@W*,
MP]T,#19  0%,F[(:00_0, K>+0'9G1%%K KU4,P ^\/YXA''\96J<EKW4B2@
JNLX;@36K4@_HS;01W;&*U-O_#>!@E-X$'N"H.^ 'OD%NRP!CZQ0! 0 [

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