<SEC-DOCUMENT>0001292814-21-004646.txt : 20211201
<SEC-HEADER>0001292814-21-004646.hdr.sgml : 20211201
<ACCEPTANCE-DATETIME>20211201102755
ACCESSION NUMBER:		0001292814-21-004646
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20210630
FILED AS OF DATE:		20211201
DATE AS OF CHANGE:		20211201

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:		211461715

	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>sbs20210601_6k.htm
<DESCRIPTION>FORM 6-K
<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>

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

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<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 STYLE="text-align: center"><FONT color=#000000 size=2 face="Times New Roman"><B>For&nbsp;June, 2021</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>

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<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>

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<BR>

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

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

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<BR>

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

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

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

<P></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="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 0.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 14pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center"><IMG SRC="sbs202106016k_002.jpg" ALT="">&nbsp;</P>

<P STYLE="font: 14pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center">&nbsp;</P>

<P STYLE="font: small-caps 26pt Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; letter-spacing: 0.25pt; text-align: center; text-indent: 0cm">Annual
Public Policies and</P>

<P STYLE="font: small-caps 26pt Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; letter-spacing: 0.25pt; text-align: center; text-indent: 35.4pt">Corporate
Governance Charter</P>

<P STYLE="font: small-caps 26pt Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; letter-spacing: 0.25pt; text-align: center; text-indent: 0cm">2021</P>

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<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 35.3pt; text-align: justify; text-indent: 35.3pt">&nbsp;</P>

<P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 35.3pt; text-align: right; text-indent: 35.3pt">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 35.3pt; text-align: right; text-indent: 35.3pt"><B>Companhia de Saneamento
B&aacute;sico do Estado de S&atilde;o Paulo &ndash; Sabesp</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 0 35.3pt; text-align: right; text-indent: 35.3pt"><B>&nbsp;</B></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: right"><B>March 2021</B></P>


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<P STYLE="font: 16pt/107% Calibri, Helvetica, Sans-Serif; color: #2E74B5; margin: 12pt 0 0">Summary</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>



<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="width: 90%; text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>Message from the Chairman of the Board of Directors</B></TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0cm; padding-bottom: 5pt">5</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>Sabesp - General Overview</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">7</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>1 - Public Policies</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">8</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>1.1 - Public Interest as a driver of Business Activities</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">8</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>1.2 - Activities Developed</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">9</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>1.2.1 - Facing COVID-19</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">9</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>1.2.2 - Planning and management increase supply security</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">10</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt">The structural increase of the SIM has been the focus of permanent investments in the scope of the Metropolitan Water Program (PMA),
implemented in the 90's with the initial objective of solving structural bottlenecks in the supply system, by expanding water production,
transportation, and distribution systems throughout the metropolitan region.</TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">10</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>1.2.3 - Expansion of the Sanitation Infrastructure</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">12</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>1.2.4 - Research, Development, and Innovation in Sanitation</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">14</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>1.3 - Goals Relating to the Development of Activities</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">15</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>1.4 - Financial Performance</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">16</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>Tariff Adjustment</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">16</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>Investments</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">17</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>Debt</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">17</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>New funding instruments</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">17</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>Expansion of market share and credit recovery</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">18</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>Financial and Economic Performance</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">19</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt">Adjusted EBITDA decreased by 14.5%, from R$7,510.5 million in 2019 to R$6,421.8 million in 2020, and the adjusted EBITDA margin was 36.1%,
while reaching 41.8% in the previous fiscal year. Excluding the effects from revenue and construction costs, the adjusted EBITDA margin
was 45.0% in 2020 (49.5% in 2019).</TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">19</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>Dividends</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">19</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>Stock Market</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">20</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2 - Corporate Governance</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">20</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.1 - Corporate Governance Structure</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">20</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.1.1 - Annual Shareholders' Meeting</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">21</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.1.2 - Board of Directors</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">21</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.1.3 - Audit Committee</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">21</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.1.4 - Eligibility and Advisory Committee</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">21</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.1.5 - Fiscal Council</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">22</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.1.6 &ndash; Executive Board</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">22</TD></TR>
</TABLE>
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  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="width: 90%; text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.1.7 - Executive Governance Department</B></TD>
    <TD STYLE="width: 10%; text-align: right; padding-top: 0cm; padding-bottom: 5pt">22</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.1.8 - Internal Audit</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">22</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.1.9 -&nbsp; Risk Management and Compliance Department</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">22</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.1.10 - Ethics Committee</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">23</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.1.11 -&nbsp; Corporate Risk Management Committee</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">23</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.1.12 - External Audit</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">23</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.2 - Internal Controls</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">23</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt">The internal control tests are carried out by the internal audit area, which reports hierarchically to the CEO and functionally to the
Audit Committee. In 2019, the assessment on the effectiveness of the internal controls environment did not identify any deficiencies
considered material.</TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">23</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.3 - Code of Conduct and Integrity</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">23</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.4 - Transparency</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">24</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.5 - Compensation Policy</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">24</TD></TR>
  <TR STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; text-align: left; vertical-align: bottom">
    <TD STYLE="text-align: left; padding-top: 0cm; padding-bottom: 5pt; padding-left: 11pt"><B>2.5.1 - Management and Members of Statutory Committees</B></TD>
    <TD STYLE="text-align: right; padding-top: 0cm; padding-bottom: 5pt">24</TD></TR>
</TABLE>
<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 12pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>


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<P STYLE="font: 16pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>Message from the Chairman of the Board
of Directors</B></P>

<P STYLE="font: 24pt Calibri, Helvetica, Sans-Serif; margin: 0; color: #4472C4"><B>Taking care of water is taking care of life.</B></P>

<P STYLE="font: 12pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The essential role that sanitation has over
people's health has never been more discussed than during this challenging year of 2020. Guaranteeing clean water in taps was the main
resource to contain the advance of the pandemic. Thus, we ensured that the supply of high quality water was maintained to serve 28.5 million
customers in 375 municipalities in S&atilde;o Paulo.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">However, the seriousness of the situation pushed
us to go further. We took additional actions, such as the disinfection of public spaces, distribution of water tanks, hygiene products,
basic food baskets and the installation of public washbasins, demonstrating our extreme capacity to mobilize our teams in solidarity with
others. In turn, our joint efforts in partnerships with the private sector, public entities and agencies revealed the transforming strength
arising from unity in difficult times.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In just a matter of days we were faced with
the need to reinvent the way we work. A portion of our employees were allocated to isolated remote working from their homes. Another portion
were required to following strict health protocols while remaining at their forefront roles, with the mission of maintaining our facilities
functioning and monitoring the evolution of our many works and interventions.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The impacts of the pandemic also affected our
cash flow, amidst a global scenario with strong economic instability. Factors such as our debt exposure to exchange rate variations, lower
revenues from our commercial and industrial categories, increase in delinquency rates, postponement in tariff readjustment and tariff
exemptions granted to the poorest population imposed an enormous challenge on us.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The recovery path demanded urgent and assertive
measures, such as budget readjustment, new financings, the issuance of R$3.5 billion in debentures and exchanging our foreign currency
debt instruments aimed at reducing exposure to the U.S. dollar. These actions allowed us to reverse losses and regain positive results
at the end of the third quarter of 2020, giving us breathing room to continue to expand the social, economic, and environmental benefits
through our operations.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Our constructions works were also not interrupted.
In many situations, they evolved even faster due to lower people and vehicle flows. The significant evolution of the Novo Rio Pinheiros
Program is an example of this. With 16 fronts underway for the implementation of infrastructure to collect and treat sewage in the Pinheiros
river basin, we ended 2020 with 150,000 households served with sewage collection for treatment, a landmark result.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Our goal is to serve 530,000 households with
sewage collection by the end of 2022. More than bringing life to one of S&atilde;o Paulo&rsquo;s main symbols, we are also bringing better
health conditions and quality of life to many communities.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The evolution of this project has a direct
and positive impact on the results of an even greater mission: provide universal access to sewage collection and treatment in the entire
Metropolitan Region of S&atilde;o Paulo. In nearly three decades since the existence of the Tiet&ecirc; Project, we invested US$3.1 billion
to implement infrastructure that now collects sewage from a population of 12.4 million people for treatment. This is equivalent to the
populations of London and Paris together.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2020 alone, 1.4 million people began to
have sewage treatment with the conclusion of major works, such as the mega tunnel under the marginal Tiet&ecirc; highway (ITi7) and the
works from the Novo Rio Pinheiros project. We have other major interventions underway in 11 metropolitan municipalities, in addition to
the Pr&oacute; Billings project, which will promote the basin sanitation at one of the key metropolitan springs.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">With the same effort, we advanced with the
works of the Onda Limpa project, expanding collection services in the Baixada Santista and North Coast regions, which already receive
sewage treatment services. In countryside regions, where services are reaching universalization levels, we continue to focus on areas
away from urban centers, in which we highlight our participation in the development of the Vale do Ribeira region through the Vale do
Futuro program from the Government of the State of S&atilde;o Paulo.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2020, we experienced low rainfall volumes,
once again, and recharging of springs was needed, proving that strong water security must be a permanent priority. And it has been. During
2020, we initiated works to reverse waters from the Itapanha&uacute; River from the Atlantic strand to the Metropolitan Region of S&atilde;o
Paulo, which will make the infrastructure put in place to face the 2014-2015 crisis even more robust. Were it not for this legacy, the
Cantareira water level would have reached zero at the end of 2020, triggering a new water crisis in the Metropolitan Region of S&atilde;o
Paulo.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In terms of sector advancements, the approval
of the new basic sanitation framework imposes great challenges to adapt to the new regulation. However, stronger regulations and clearer
guidelines attract private investments and offer opportunities for market growth, new partnerships, tariff adjustments and service evolution
that benefit poor regions.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As we are always aware of changes, we continued
to strive for higher competitiveness through excellent management practices, prioritizing operational efficiency and customer service,
the integrity of the relationships we have with our customers, the valuing of human capital and the social well-being that results from
the fulfillment of our mission.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Also, as part of our business essence and the
way we operate, we guide our innovation efforts according to the Environmental, Social and Governance (ESG) standards in such a way that
they follow environmentally sustainable paths of the circular economy and the technological improvement of our processes, products and
services. These strategic efforts reaffirm our strive to distribute results with our shareholders and derives from our actions that are
essentially based on caring for people and the environment. Taking care of water is taking care of life.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"><B>M&Aacute;RIO ENGLER PINTO J&Uacute;NIOR
</B></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">Chairman of the Board of Directors<FONT STYLE="font-size: 16pt; line-height: 107%"><BR STYLE="clear: both">
</FONT></P>


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<P STYLE="font: 16pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>Sabesp - General Overview</B></P>

<P STYLE="font: 14pt/107% Calibri, Helvetica, Sans-Serif; margin: 0"><B>General Data</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Corporate Taxpayer's Id (CNPJ):</FONT></TD>
    <TD COLSPAN="3" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">43.776.517/0001-80</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Company Registry (NIRE):</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">35.3000.1683-1</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Headquarters:</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">S&atilde;o Paulo/SP</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Type of Corporation:</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Mixed Capital</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Controlling Shareholder:</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">State of S&atilde;o Paulo</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Company Type:</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Corporation</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Capital:</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Publicly listed</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Scope of Action:</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">State of S&atilde;o Paulo (375 municipalities served - base date 12/31/2020)</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Sector:</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Supply of treated water, collection and treatment of sewage services and management of solid urban waste.</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">CFO and Investor Relations Officer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Rui de Britto &Aacute;lvares Affonso</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">(11)33886000</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">raffonso@sabesp.com.br</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Independent Audit</FONT></TD>
    <TD COLSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">G<FONT STYLE="font-size: 10pt">rant Thornton Auditores Independentes</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 14pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 14pt/107% Calibri, Helvetica, Sans-Serif; margin: 0"><B>Subscribed Directors - Board of Directors</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt"><B>Name</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt"><B>Position</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 208px; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt"><B>Individual Taxpayer&rsquo;S ID (CPF):</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">M&aacute;rio Engler Pinto J&uacute;nior</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Chairman of the Board of Directors</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">988.910.818-68</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Benedito Pinto Ferreira Braga J&uacute;nior</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Member</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">550.602.698-68</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Wilson Newton de Mello Neto</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Member</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">145.540.608-29</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Claudia Polto da Cunha</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Member</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">127.276.788-43</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Francisco Vidal Luna</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Independent Member*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">031.950.828-53</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Reinaldo Guerreiro</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Independent Member*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">503.946.658-72</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Francisco Luiz Sibut Gomide</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Independent Member*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">016.583.109-00</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Eduardo de Freitas Teixeira&#9;</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Independent Member*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">310.977.407-06</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Luis Eduardo Alves de Assis</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Independent Member*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">033.426.558-44</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Walter Luis Bernades Albertoni <SUP>(1)</SUP></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Independent Member*</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">147.427.468-48</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Calibri, Helvetica, Sans-Serif; margin: 0"><SUP>(1)</SUP> Board member appointed by minority shareholders.</P>

<P STYLE="font: 9pt Calibri, Helvetica, Sans-Serif; margin: 0">* These Directors meet the Independence criteria established in the regulations
for the Novo Mercado listing segment.</P>

<P STYLE="font: 10pt/107% Calibri, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 14pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>Executive Board</B></P>

<P STYLE="font: 14pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"><B></B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border: Black 1pt solid; width: 38%; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt"><B>Name</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 44%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt"><B>Position</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; width: 18%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 12pt"><B>Individual Taxpayer&rsquo;S ID (CPF):</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Benedito Pinto Ferreira Braga J&uacute;nior</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Chief Executive Officer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">550.602.698-68</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Adriano Candido Stringhini</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Corporate Management Officer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">151.578.808-39</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Rui de Britto &Aacute;lvares Affonso</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">CFO and Investor Relations Officer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">013.982.348-42</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Ricardo Daruiz Borsari</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Metropolitan Officer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">003.952.738-70</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Monica Ferreira Do Amaral Porto</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Regional Systems Officer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">037.916.638-01</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Alceu Segamarchi Junior</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">Technology, Project and Environment Officer</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt">031.881.868-00</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 14pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>&nbsp;</B></P>

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<P STYLE="font: 16pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>1 - Public Policies</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Law 13,303, of June 30, 2016, in article 8,
items I, III and VIII, requires an &ldquo;Annual Charter, signed by the members of the Board of Directors, detailing the commitments by
government and mixed capital companies and their subsidiaries, in achieving their public policy objectives, in compliance with the collective
interest or national security that justifies the authorization for their respective creations, with a clear definition of the resources
to be used for this purpose, as well as the economic and financial impacts of the achievement of such objectives, measurable through objective
indicators&rdquo;.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Annual Public Policies and Corporate Governance
Charter represents the alignment of Saneamento B&aacute;sico do Estado de S&atilde;o Paulo (Sabesp) with the State-owned Companies Responsibility
Law and is an accountability report that demonstrates the Company&rsquo;s evolution in its commitment to transparency.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The information and commitments are detailed
below.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>1.1 - Public Interest as a driver of Business
Activities</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Sabesp was created in 1973, resulting from
the merger of several water and sewage service companies, in order to plan, execute and operate public basic sanitation services across
the State of S&atilde;o Paulo, with one of its main objectives being the improvement of public health indexes, notably reduction in infant
mortality.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">According to its Bylaws, Sabesp's object is
to provide basic sanitation services aimed at the universalization of services in the State of S&atilde;o Paulo, without prejudice to
long-term financial sustainability. The Company&rsquo;s corporate purpose guides its decisions regarding public policies, preserves the
perpetuity of its operations and ensures an adequate return for its shareholders.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Sabesp is a mixed-capital publicly traded company
with shares listed on B3's Novo Mercado and on the New York Stock Exchange since 2020. Therefore, it is subject to legislation, regulation,
and sector inspections by the Brazilian and North American capital markets, in addition to other legislation applicable to state-owned
companies.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company's share capital consists of 683,509,869
exclusively common shares (with voting rights), corresponding to a market value of R$30.4 billion. The Government of the State of S&atilde;o
Paulo holds 50.3% of the shares and the remaining shares trade on the S&atilde;o Paulo stock exchange (37.3%) and the New York stock exchange
(12.4%, in the form of ADR level III).</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company is engaged in the provision of
basic and environmental sanitation services in the S&atilde;o Paulo State, as well as it supplies treated water and sewage services on
a wholesale basis.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As of December 31, 2020, Sabesp was responsible
for providing water supply and sewage collection and treatment services to 375 municipalities in the State of S&atilde;o Paulo, in addition
to providing wholesale water supply and sewage treatment services to two municipalities in the Metropolitan Region of S&atilde;o Paulo,
S&atilde;o Caetano do Sul and Mogi das Cruzes, providing water directly to 28.5 million people.</P>


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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In addition to providing water, sewage, and
energy services, Sabesp is qualified to perform activities in urban drainage and storm water management, urban cleaning and solid waste
management markets. In this sense, in 2020 Sabesp began to provide concession services for treatment and final disposal of Diadema's solid
waste. However, the provision of these services is conditioned to a partnership between Sabesp and a private partner, which will occur
by means of a public call for bids.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>1.2 - Activities Developed</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The year 2020 was marked by the Presidential
sanction of Federal Law 14,026/2020, known as the New Basic Sanitation Legal Framework. By extinguishing the program contract, the New
Legal Framework changes the sector&rsquo;s performance scenario by increasing competition and causing several changes that directly affect
the Company's operations.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Additionally, the New Legal Framework imposes
performance goals aiming for 99% of the population to be served with drinking water and 90% with sewage collection and treatment services
by December 31, 2033, which encourages operators to increase efficiency and grants the National Water Agency - ANA (former National Water
Agency) the authority to edit reference rules to regulate the sanitation sector, aimed at minimizing regulatory uncertainties and therefore
creating a more stable and attractive environment for investments in the sector.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">ANA, within the scope of its new attributions,
published the update of Annex to Resolution 64/2021 on March 8, approving the Thematic Axis 5 - Reference Standards for Sanitation, which
is part of ANA's Regulatory Agenda for the 2020-2021 period.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In this context, the Company understands it
has the following competitive advantages: i) contracts that already have goals that meet those defined by the New Legal Framework; ii)
access to public capital and high exposure and access to the private capital market, favoring the maintenance and/or expansion of its
operated base; iii) high levels of governance; and iv) program contracts that account for 95% of its revenue.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Aware of this new scenario, the Company continued
to expand its operated area during 2020, while prioritizing the contractual situation of the municipalities already served, reaching,
at the end of the year, a regularized situation for 98% of its contracts (Program and Concession).</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Accordingly, we began to provide services in
two new municipalities, Mau&aacute; (only for water supply) and Tejup&aacute;, and we began services at Tapiratiba, whose assumption contract
had been officially signed in 2019. At the same time, we renewed/regularized service contracts with 15 other municipalities. We also participated
in the bidding process to provide water supply and sewage services in the Metropolitan Region of Macei&oacute;.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">To ensure the protection of the Company's customer
data, in addition to technical measures suitable to ensure security and privacy in processing personal data, in 2020, procedures and rules
were implemented to comply with the Brazilian General Data Protection Law (LGPD), including the Institutional Policy of Personal Data
Privacy, the appointment of a Data Protection Officer and creation of an exclusive channel for customer service (lgpd@sabesp.com.br),
among others.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>1.2.1 - Facing COVID-19</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The gravity of the arrival of the unknown virus
and the fast speed at which it was spreading required the Company to act quickly. Given this, Sabesp reaffirmed its commitment to provide
additional hygiene, health and comfortable conditions to the population served, prioritizing, in this contingency context, individuals
in situations of greater social vulnerability.</P>


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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Among the actions put in place, we highlight:
the distributing of food baskets and hygiene kits, the installation of public washbasins, sanitation of the surroundings of hospitals
and health centers, suspension of supply cuts and tariff exemption for the &quot;Social Residential&quot; and &quot;Favela Residential&quot;
customer categories.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">To avoid the risk of shortage of strategic
inputs and the continuity of our services, we identified the suppliers most exposed to the risk of shortage and anticipated essential
purchases and sought alternatives to avoid possible service interruptions.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">To protect our customers and employees, we
closed all our public service branches and concentrated service in our digital channels, such as the virtual branch and the Sabesp Mobile
app, as well as telephone and chat.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As soon as the pandemic was officially declared,
5,900 employees with administrative functions began working remotely. Employees in the high-risk groups were relocated to home office
operations.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The remaining employees who had to continue
working on the front lines to maintain the operations of essential water supply, sewage collection and treatment services, either in-person
or in an interspersed manner (in-person and remote work), received extra care through the distribution of protective equipment, temperature
measurement and adaptation of our facilities. Sabesp established a Sanitary Protocol for the entire Company, with rules for reducing circulation
for safe work, social distancing, personal hygiene and sanitation of the facilities, in addition to communication and monitoring actions.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">We also anticipated the vaccination campaign
against the flu and pneumonia, with 81% of our employees being immunized. To help employees cope with this new situation, we provided
the Emotional Support Program - Covid-19, a telephone service offering psychological guidance. In parallel, we conducted regular surveys
with the support of an external consultancy of psychologists, to monitor the emotional health status of our employees and accompany them
during the isolation regime, in addition to maintaining the emotional balance of employees through the Home-Office do Bem project implemented
by the Company.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>1.2.2 - Planning and management increase
supply security</B></P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 12pt 0 0">The structural increase of the SIM has been the focus of permanent
investments in the scope of the Metropolitan Water Program (PMA), implemented in the 90's with the initial objective of solving structural
bottlenecks in the supply system, by expanding water production, transportation, and distribution systems throughout the metropolitan
region.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">With the 2014/15 water crisis, SIM was strengthened
by water sources located outside the Alto Tiet&ecirc; basin. These actions have increased the flexibility of transfer between producing
systems and expanded the capacity of water reservoirs and treatment.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">After five years since the crisis, the metropolitan
system has experienced two other severe drought seasons. The last one, in 2020, caused the Cantareira reservoir, the largest water resource
in the region and responsible for serving 6.7 million people, to reach a 31% storage capacity, the lowest level since the crisis. Below
average rainfall levels were registered at all the springs and, as a result, the inflow of water into the systems was also below expectations.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The S&atilde;o Louren&ccedil;o Production System
and the Jaguari - Atibainha transposition, which had been &quot;importing&quot; water from other basins into the Alto Tiet&ecirc; basin
since 2018, were essential for reducing the risks of shortages in the Metropolitan Region of S&atilde;o Paulo. Without these two works,
the low replenishment recorded at Cantareira (with rainfall of only 74% of the historical average) would have caused the system to drain
by July 2020.</P>


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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">This increasing variation in rainfall and the
reporting of extreme weather conditions made the strengthening of redundancy structures of the integrated system to become crucial. Therefore,
in 2020 we promoted a revision and preventive maintenance of the water transfer structures that were installed for the 2014/15 crisis.
Another highlight was the start of the construction works aimed at reversing water from Ribeir&atilde;o Sert&atilde;ozinho (a tributary
of the Itapanha&uacute; River) from the Atlantic strand to the Biritiba Mirim Reservoir, which belongs to the Alto Tiet&ecirc; System.
The expectation is that this construction will be completed and operating in the second half of 2021.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Construction works on the Genesis system also
advanced and is on track, with operations expected to begin by the end of 2020. The structure will directly benefit residents of municipalities
located on the west side of the Metropolitan Region of S&atilde;o Paulo and contribute to higher water reserves and flexibility in the
integrated supply system. In addition, three other metal reservoirs were put into operation in the municipalities of Itaquaquecetuba,
Jandira and Vargem Grande Paulista.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2020, despite media campaigns encouraging
rational consumption, as people remained in their homes during most of the period due to the social isolation measures caused by the pandemic,
the per capita consumption increased in the metropolitan region. On the other hand, also due to the pandemic, consumption levels reduced
in the industrial and commercial categories.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Despite below average rainfalls, low water
sources at springs and higher residential consumption, our integrated and more robust water infrastructure system contributed to maintaining
safe water levels for the Metropolitan Region of S&atilde;o Paulo.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">We also studied and defined the integration
of the water supply system to increase water supply and security in the Baixada Santista region. The challenge consists of ensuring water
supply during summer and tourist seasons, when consumption increases significantly and overload the systems, requiring more water supply
and flexibility.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Strengthening the production and distribution
capacity at the Baixada Santista region is part of the &Aacute;gua no Litoral Program, which combines permanent actions to increase supply
security.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Works continued with several improvement actions
throughout 2020 to ensure a more robust and resilient supply infrastructure to face climate variations and peaks in customer demand.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">One of the highlights is the duplication of
the Mambu-Branco Production System, in Itanha&eacute;m, whose construction works has progressed, reaching 60% completion and delivery
scheduled for 2021.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">With smaller populations and different supply
sources, the inland municipalities are less complex to supply. To face severe drought situations, which have occurred much more frequently
in recent years, we highlight certain initiatives, such as the works for the Sapuca&iacute;-Mirim system, in Franca, which is in its final
stages, the construction of the Pardo River dam, in Botucatu, which continues at an accelerated pace, the operational start up of a large
pipeline in Agua&iacute;, and the launching of the ETA facility in the Jacar&eacute; District, Cabre&uacute;va.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Combating water losses in the distribution
network is a key initiative for water security and operational efficiency in the supply system. Lower losses put less pressure on water
sources and the need to draw water from greater distances also reduces, saving energy and resources for the treatment process. A renovated
structure is also less susceptible to ruptures and leaks that bring inconveniences to customers.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Efforts were intensified through the Water
Loss Reduction Program, which aims to reduce recurring losses in the long term by implementing operational enhancement and maintenance
activities, in addition to important actions to renew and improve infrastructure.</P>


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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2020, the Company carried out actions to
reduce losses, in the amount of R$1.05 billion. Part of the funds allocated to the Program are from the Company&rsquo;s own resources
and the remaining are from financing lines granted by the Japan International Cooperation Agency (JICA) and the BNDES, in addition to
proceeds obtained from the issue of Incentive Debentures, pursuant to Law 12,431/11.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As a result of this priority, the Company&rsquo;s
total loss to volume produced ratio has been reducing constantly, from 41.0% in 2004 to 27.0% in 2020. Losses measured in liters per connection
per day, considered a more adequate indicator for monitoring losses, as recommended by the International Water Association (IWA), have
also been steadily decreasing.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2020, this indicator reached 263 liters
per connection per day, 52% lower than the 547 liters per connection per day reported in 2004.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">More operating details for the water systems can be found in
the 2020 Sustainability Report.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>1.2.3 - Expansion of the Sanitation Infrastructure</B></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">The sanitation infrastructure offered by Sabesp contributes
directly to the environmental sustainability and the socioeconomic development of the State of S&atilde;o Paulo. Thanks to access to these
services, the regions served have benefited from reduction in infant mortality and water-borne diseases. In addition, by improving the
quality of river and water source water, we are promoting water security and the valuing of tourism and real estate sectors, which generate
income and jobs.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Tiet&ecirc; Project is the largest environmental
sanitation program in the country and is sized to tackle the great challenge of expanding the sewage collection and treatment infrastructure
in one of the world&rsquo;s largest urban areas.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2020, aside from the interventions at the
Novo Rio Pinheiros program, we also delivered the Tiet&ecirc; 7 Interceptor, the Piqueri Sewage Pumping Station, the new Anhangaba&uacute;
Trunk Collector, the Tamanduate&iacute; Interceptor and the Laranjeiras ETE.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Efforts to expand services have resulted in
visible impacts, with the reduction of the pollution patch of the Tiet&ecirc; River in the direction towards the inland of the State.
The pollution of the Tiet&ecirc; River, which reached 530 kilometers in the 1990s, will decline to 150 km by 2020, according to a report
issued by the NGO SOS Mata Atl&acirc;ntica.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Novo Rio Pinheiros Program was structured
to promote the revitalization of one of the main tributaries of the Tiet&ecirc; River and a symbol of the S&atilde;o Paulo capital.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In addition to bringing liveliness and reintegrating
this important river with the city's routine, these actions fulfill the goal of offering dignified living conditions to thousands of families
who live in vulnerable regions near the polluted streams that flow into the Pinheiros river.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Sewage collection infrastructure will be expanded
in these areas, aimed at providing sewage treatment to more than 530,000 households through the ETE Barueri treatment station by the end
of 2022. This prevents the domestic sewage pollution load from being discharged into the rivers that flow into the Pinheiros river. In
2020, 150,000 households were connected to the treatment.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Construction works were hired according to
a performance modality, in which the contract remuneration is based on goal achievements for the number of properties connected to the
sewage treatment system and the water quality of the stream in the region of the interventions.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The program includes the implementation
of five units to recover the stream water quality, allowing direct intervention in tributaries that receive sewage from more densely
populated irregular occupation areas, where it is unfeasible
to install a conventional collection structure of this pollutant load.</P>


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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Under the coordination of the Secretary of
Infrastructure and Environment, the program integrates several agencies, in addition to Sabesp: EMAE (Empresa Metropolitana de &Aacute;guas
e Energia), Cetesb (Companhia Ambiental do Estado de S&atilde;o Paulo), DAEE (Departamento de &Aacute;guas e Energia El&eacute;trica),
Government Secretaries, S&atilde;o Paulo City Hall and partnership with society.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Each has its mission within five structuring
axes: sanitation, maintenance, solid waste treatment, revitalization, and environmental communication/education.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Thus, in addition to sewage collection, the
actions include de-silting and cleaning the riverbed, monitoring water quality, improving the landscape along its banks, programs to collect
and reduce inadequate disposal of solid urban waste and integrated actions with communities through social and environmental projects.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2020, seven streams were cleaned, within
the scope of the C&oacute;rrego Limpo Program, benefiting 202.5 thousand people and resulting in the collection and treatment of a sewage
flow of 182 liters per second.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In addition, six other streams have ongoing
clean up actions and receive monthly monitoring through the Program. We highlight the Ipiranga stream, which is scheduled to be cleaned
up before Brazil celebrates its Independence Bicentennial in 2022.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the Greater ABC region, we continue with
interventions at the Billings reservoir basin, on the northern bank. A total of R$230 million is being invested in the Program through
financing lines with JICA and BNDES.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Aside from the Couros trunk collector, a large-sized
pipeline that will transport the sewage generated by 382,000 people from S&atilde;o Bernardo do Campo and Diadema to ETE ABC, implementation
for the sewage collection system, trunk collectors and interconnections, sewage pumping stations and household connections are also underway.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Through Onda Limpa, the largest environmental
sanitation program on the Brazilian coast, collection and treatment of sewage in the Baixada Santista and North Coast regions have been
expanding since 2007. These actions contribute directly to improving public health, beach bathing quality and the increase in tourism
activities in the region.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Sewage collection coverage in the Baixada Santista
region was increased from 53% in 2007 to its current 83%, with investments of nearly R$2 billion.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the second stage of the Program, to be completed
by 2025, more than R$1.4 billion in investments are planned to implement collection networks, new sewage connections, three new ETEs and
expansion and improvement of another 11 ETEs, including the outfalls and pre-conditioning of stations 1 and 2 in Praia Grande. With this,
the Baixada Santista region should reach a sewage collection coverage index of 92%. All sewage currently collected already receives treatment.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The third stage of the Onda Limpa Program will
be executed from 2025 to 2030, aiming to reach a 95% sewage collection and treatment coverage ratio for the entire Baixada Santista region,
also benefiting areas with increasing population.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In the North Coast region, 70% of its official
area receives sewage services and 100% of the sewage collected is treated.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Sabesp is responsible for water and sewage
services in 320 municipalities in the countryside of the state of S&atilde;o Paulo and its service excellence in these municipalities
was recognized. Seven of its countryside and coastal municipalities were well positioned among the 60 cities with the best sanitation in Brazil, according to Sanitation
2020 - Trata Brasil ranking, with Santos standing out in first place, followed by Franca in second.</P>


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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As almost all of these municipalities achieved
universal indexes, our performance is directed to the expansion of the structure in communities (neighborhoods or districts) installed
in an isolated manner in relation to the urban centers.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Vale do Ribeira, a region with a population
of 350,000 inhabitants and with the worst economic and social indicators in the State, is the focus of the Vale do Futuro program, launched
in 2019 by the State Government. The initiative joins actions from 20 State departments and state-owned companies to bring more health,
infrastructure, employment, income and entrepreneurship to the region, fostering the economic and social development of Vale do Ribeira
by the end of 2022.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Sabesp operates all the municipalities in the
Vale do Ribeira region and is committed to advancing the sanitation infrastructure even further to contribute to its development. Planned
investments amount to R$110.5 million in water supply, water safety and sanitary sewage.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">More operating details for the water systems
can be found in the 2020 Sustainability Report.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>1.2.4 - Research, Development, and Innovation
in Sanitation</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Our work to promote research and technological
development has the cooperation of several agencies, such as IDB, FINEP, FAPESP, and the &ldquo;Ideas em Acci&oacute;n&rdquo; award, which
we received from the IDB last year. In 2020, we allocated approximately R$20.5 million to Research, Technological Development, and Innovation
projects, with our own resources or with funds raised with development agencies.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2020, we prepared a technological innovation
projects portfolio, based on the premises established by Arsesp and within the approval granted in 2018, to use the 0.05% required from
direct revenue as RD&amp;I investments starting in 2020. The Program is the first established between a sanitation regulatory agency and
a state-owned sanitation company.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Sabesp is investing in the development and
implementation of Open Innovation actions, integrating ideas, thoughts, processes, and research from players of several internal and external
segments, aimed at improving our processes, products and services.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">We also continued our initiatives related to
the circular economy. We highlight the use of ETE effluents as reuse water for industrial purposes, street cleaning, park irrigation and
gardens. This is an important complementary initiative to encourage the sustainable use of water, especially in a region with low water
availability such as the Greater S&atilde;o Paulo region.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">It is also worth mentioning the circular economy
project being implemented in the Franca ETE, which transforms the sewage treatment process into an optimized resource recovery system,
was planned to be integrated with the solid, liquid, and gaseous phases of the sewage treatment process and has the potential to serve
as a pilot to be replicated across the sector.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Resulting from the technical cooperation agreement
with Germany's Fraunhofer IGB Institute, the initiative uses clean, renewable fuel with reduced greenhouse gas emissions to replace fossil
fuel. This ETE treats an average of 500 liters per second of sewage and produces around 2,500 Nm&sup3; of biogas per day, enough to replace
1,500 liters daily of regular gasoline. In 2020, we carried out 2072 supplies with an average consumption of 13 km/m<SUP>3</SUP>.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Still within the circular economy concept,
in 2020 we signed a contract to build a recycling plant to produce asphalt base from waste from sanitation construction, with a production
capacity of up to 1 million m&sup3;/year of asphalt. The plant is expected to begin operations in late 2023. In addition to improving
pavements after services are performed on public roads, the initiative aims to reduce solid waste disposal in landfills
and strengthens the strategic decision to consolidate the innovative circular economy path.</P>


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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">For more information about our research, development,
and innovation projects, see our Sustainability Report.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>1.3 - Goals Relating to the Development
of Activities</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Despite the challenges brought by the Covid-19
pandemic, Sabesp met the goals that were defined for 2020. New water and sewage connections exceeded expectations by 14% and 8%, respectively.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Even during a period filled with uncertainties
and abrupt changes in how we interacted with our customers due to the measures brought about by Covid-19, the overall satisfaction indicator
remained high, with 86% of customers satisfied with our services.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Households linked to sewage treatment reached
a rate of 76%, above the 74% estimated for the year, with service coverage rates also being met.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2020, Sabesp reached the rate of 263 L/connection/day,
reducing the loss rate presented in 2019 (285 L/connection/day) by 22 L/connection/day, and exceeding the Company&rsquo;s goals for the
year. It is worth noting that, as of 2021, losses from the municipality of Guarulhos will be accounted for in the index and will increase
the loss index by approximately 10 liters per connection per day. Accordingly, the goal for 2021 is to reach an index of 268 liters per
connection per day, including the municipality of Guarulhos.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">2020 Achievements and 2021-2025 Goals</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="color: white"><B>Achieved</B></FONT></TD>
    <TD COLSPAN="6" STYLE="border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="color: white"><B>Goals</B></FONT></TD></TR>
  <TR STYLE="background-color: gray">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; width: 32%; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; width: 20%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt; color: white"><B>2020</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt; color: white"><B>2020</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt; color: white"><B>2021</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt; color: white"><B>2022</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt; color: white"><B>2024</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt; color: white"><B>2025</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt"><B>Water Supply Service</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">Tends toward universalization <SUP>(1) and (2)</SUP></FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">Tends toward universalization <SUP>(1) and (2)</SUP></FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt"><B>Sewage Collection Service (%)<SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">85</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">85</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">85</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">86</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">87</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">88</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">89</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt"><B>Water Supply Coverage <SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">Tends toward universalization <SUP>(1) and (2)</SUP></FONT></TD>
    <TD COLSPAN="6" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">Tends toward universalization <SUP>(1) and (2)</SUP></FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt"><B>Sewage Collection Coverage (%)<SUP>(2)</SUP></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">92</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">92</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">92</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">93</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">94</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">95</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">95</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt"><B>Rate of Units Connected to Sewage Treatment (%) <SUP>(3) </SUP></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">76</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">74</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">77</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">85</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">86</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">87</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">88</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt"><B>New Water Connections (thousand)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">220.4</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">194</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">192</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">192</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">200</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">200</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">200</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt"><B>New Sewage Connections (thousand)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">259.0</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">246</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">247</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">240</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">240</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">240</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">240</FONT></TD></TR>
  <TR STYLE="background-color: #DEEAF6">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8pt"><B>IPDt (liters/connection/day)<SUP>(4)</SUP></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">263</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">273</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">268</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">266</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">255</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">249</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 8pt">249</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 8pt/107% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(1) Coverage 98% or more. Service 95% or more.</P>

<P STYLE="font: 8pt/107% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(2) For methodological reasons, it contemplates
a variation margin of plus or minus 2 percentage points.</P>

<P STYLE="font: 8pt/107% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(3) Unit is the term used for building or the
subdivision of a building, with occupancies demonstrably separate from each other, that collectively use a single water supply and/or
sewage collection connection.</P>

<P STYLE="font: 8pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">(4) In January 2021, the municipality of Guarulhos
was included in the index calculation. The municipality of Santo Andr&eacute; will be included in the index calculation starting January
2022.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In support of these goals, the Company expects
to invest roughly R$21.0 billion from 2021 to 2025. &#9;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0; color: #4472C4"><B>Investment Plan (R$ million)</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; width: 28%; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; width: 12%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: white"><B>2021</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; width: 12%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: white"><B>2022</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; width: 12%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: white"><B>2023</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; width: 12%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: white"><B>2024</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; width: 12%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: white"><B>2025</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; vertical-align: top; width: 12%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: white"><B>2021-2025</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DEEAF6">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black"><B>Sewage Treatment</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: black">587</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: black">561</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: black">472</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: black">405</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: black">712</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: black">2,723</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Sewage Collection</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">1,831</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">2,084</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">2,197</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">2,079</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">1,874</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">10,065</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #DEEAF6">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt; color: black"><B>Water</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: black">1,753</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: black">1,555</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: black">1,516</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: black">1,694</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: black">1,648</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt; color: black">8,166</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">4,171</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">4,200</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">4,185</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">4,178</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">4,234</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">20,968</FONT></TD></TR>
  </TABLE>

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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>1.4 - Financial Performance</B></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">The year 2020 was especially challenging. To simultaneously
face the economic crisis and the Covid-19 pandemic, the Company was required to reallocate its available resources, adapting them to new
market conditions in which revenues fell while defaults, uncertainties and exchange rate volatility increased.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">We know that water is an even more essential resource for preserving
the population's health during a pandemic and thus our first objective was to make the economic and financial conditions feasible for
the Company to ensure operations and access to services were maintained, mainly for the more socially vulnerable population.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">The quarantine decree in the state of S&atilde;o Paulo directly
impacted the Company's revenues with the change in its consumption mix, caused by the increase in volumes in the residential categories
and a reduction in the commercial and industrial categories whose average tariffs are higher, leading to lower overall average tariffs.
Our revenues from the residential sector were also affected as consumers in the &quot;Social Residential&quot; and &quot;Favela Residential&quot;
categories were exempted from paying water and sewage bills.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">To face the challenge, we took several measures to strengthen
the Company's liquidity and offset the effects from the drop in revenue, increase in uncertainties and exchange rate volatility so that
we would maintain the investments necessary to meet our goals and the contractual obligations with the operated municipalities.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">Additionally, we advanced in our policy to expand market share
and took over the water supply services in the municipality of Mau&aacute;, substituting wholesale supply for retail supply, exchanging
a historical debt for a long-term service contract that, in addition, expands direct contact with the population.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">In the regulatory environment, 2020 was marked by the approval
of Federal Law 14,026/2020, which approved the new Basic Sanitation Legal Framework and among other measures, extinguish the Program Contract,
increasing competition in the sanitation sector and attributed the National Water and Sanitation Agency (ANA) with the authority to establish
guidelines for the actions of state and municipal regulatory agencies, minimizing regulatory uncertainties and creating an attractive
environment for investments in the sector. On March 17, 2021, the National Congress upheld the presidential vetoes.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Overall, despite turbulences, the Company managed
to stay on track with its strong financial management, record fund-raising and reduction in expenses, all of which made it possible to
preserve its liquidity and its investments without neglecting social protection measures at its operations.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>Tariff Adjustment</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The services provided by Sabesp are regulated
and inspected by the S&atilde;o Paulo State Utility Services Regulatory Agency (Arsesp). The tariff reviews and adjustments follow the
guidelines established by the Basic Sanitation Law and Arsesp&rsquo;s regulations.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">For more information on Sabesp's tariff regulation,
see our Sustainability Report.<B>&nbsp;</B></P>


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<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>Investments</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Despite the challenges faced in 2020 with the
economic and health crisis, we were able to maintain our investment schedule, which totaled R$4.4 billion in the year. Cash disbursed
in 2020 for the Company&rsquo;s investments totaled R$3.3 billion. The chart below shows investments according to water, sewage, and region:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; width: 56%; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 14.2pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 16%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><FONT STYLE="font-size: 10pt; color: white; line-height: 107%"><B>Water</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 14%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><FONT STYLE="font-size: 10pt; color: white; line-height: 107%"><B>Sewage</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 14%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><FONT STYLE="font-size: 10pt; color: white; line-height: 107%"><B>Total</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 1.85pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B>Metropolitan Region of S&atilde;o Paulo</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%; text-indent: 1.85pt"><FONT STYLE="font-size: 10pt; line-height: 107%">1,647.6 </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%; text-indent: 1.85pt"><FONT STYLE="font-size: 10pt; line-height: 107%">1,518.9 </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%; text-indent: 1.85pt"><FONT STYLE="font-size: 10pt; line-height: 107%">3,166.5 </FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 1.85pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B>Regional Systems (countryside and coastal areas)</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%; text-indent: 1.85pt"><FONT STYLE="font-size: 10pt; line-height: 107%">469.0 </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%; text-indent: 1.85pt"><FONT STYLE="font-size: 10pt; line-height: 107%">744.0 </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%; text-indent: 1.85pt"><FONT STYLE="font-size: 10pt; line-height: 107%">1,213.0 </FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-indent: 1.85pt; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%"><B>Total</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%; text-indent: 1.85pt"><FONT STYLE="font-size: 10pt; line-height: 107%">2,116.6 </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">2,262.9 </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: top; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: right; line-height: 107%"><FONT STYLE="font-size: 10pt; line-height: 107%">4,379.5 </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 12pt; text-align: left">Note: Does not include the commitments
made with the program contracts (R$58.3 million).</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company plans to invest approximately R$21.0
billion from 2021 to 2025, of which R$8.2 billion will be for water supply and R$12.8 billion for sewage collection and treatment services.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>Debt</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Due to the economic crisis already observed
at the end of 2019, and its aggravation by the Covid-19 pandemic, Sabesp intensified actions to capture opportunities to reduce its foreign
exchange exposure and preserve the Company's liquidity indexes.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Total debt increased by 30.3%, from R$13.2
billion in 2019 to R$17.3 billion in 2020. Foreign currency debt decreased by 44.2%, from R$6.3 billion in 2019 to R$3.5 billion in 2020,
corresponding to 20.6% of the Company's total debt at the end of the period (48.0% in 2019).</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In terms of multilateral loans with official
banks, the Company renegotiated its loan with the IDB signed in 2010 to finance the third stage of the Tiet&ecirc; Project, converting
the outstanding balance in dollars into local currency, with semi-annual payments and maturity in September 2035, at a rate of CDI + 0.06%
p.a. and a variable margin for loans the bank&rsquo;s capital (0.8% in 2020), paid semi-annually. In September, the Company redeemed,
in local currency, the total balance of the Eurobond 2020 contracted in dollars with the capital markets in 2010.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company also amortized the 1st and 3rd
series of the 10th issue of debentures, in local currency. subscribed by BNDES in 2009.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Total amortizations in national and foreign
currency reached R$3.2 billion in 2020.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">At the end of 2020, we had R$14.2 billion in
long-term debt, of which R$3.2 billion was in foreign currency. Short-term debt totaled R$3.0 billion, of which R$0.3 billion was in foreign
currency.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>New funding instruments</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Even with the economic crisis that worsened
during 2020, and the capital outflow from the Brazilian capital market, the Company maintained its access to credit. Sabesp has a good
market reputation and solid relationships with public banks and multilateral agencies, both domestic and international. This mix and diversity
of sources allows us an extended debt amortization profile, at costs that are correspond with our investment cycle, especially for credit
lines granted by official Brazilian banks and multilateral credit organizations, as well as through the increasing issues of infrastructure
debentures in the capital market.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Due to the increase in exchange rate volatility
in 2020, the Company chose to hire loans in local currency, in a total amount of R$4.4 billion, and these resources were used to finance
its investment plans, recompose its cash balance and refinance outstanding loans. From this total amount, a R$0.3 billion increase referred
to reimbursement of investments in projects already financed in previous years.</P>
<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>


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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In April, Sabesp launched its 25th Single Series
Debentures Issue, in the amount of R$1.45 billion, maturing in October 2021, with remuneration of CDI + 3.30% p.a. and a single amortization
on maturity.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In July, the Company launched its 26th Infrastructure
Debentures Issue, in the amount of R$1.045 billion, in two series. The first series, in the amount of R$600 million, has a remuneration
rate of IPCA + 4.65% p.a., with an annual interest payments and maturity in July 2027. The second series, in the amount of R$445 million,
has a remuneration rate of IPCA + 4.95% p.a., with an annual interest payments and maturity in July 2030.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In December, Sabesp launched its 27th Debentures
Issue, in the amount of R$1 billion, in three series. The first series, in the amount of R$300 million, has a remuneration rate of CDI
+ 1.60% p.a., with biannual interest payments and maturity in December 2023. The second series, in the amount of R$400 million, has a
remuneration rate of CDI + 1.80% p.a., and maturity in December 2025. The third series, in the amount of R$300 million, has a remuneration
rate of CDI + 2.25% p.a., and maturity in December 2027.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In addition, the Company signed a loan agreement
with BID INVEST, an independent subsidiary of the Inter-American Development Bank in November, in the amount of R$950 million, in two
tranches, one maturing in August 2029 and the other in August 2034. The first tranche, in the amount of R$442 million, has an interest
rate of CDI + 1.90% p.a., with semi-annual amortization and interest payments. The second tranche, in the amount of R$508 million, has
an interest rate of CDI + 2.70% p.a. and semi-annual amortization and interest payments.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Our credit ratings by rating agencies did not
change in 2020, and continue as follows:</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="background-color: #0070C0">
    <TD STYLE="border: Black 1pt solid; white-space: nowrap; width: 23%; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 23%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><FONT STYLE="color: white"><B>Fitch</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 25%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><FONT STYLE="color: white"><B>Moody&rsquo;s</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; width: 29%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%"><FONT STYLE="color: white"><B>S&amp;P</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">National Scale</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">AA(bra)</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">Aa2.br</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">brAAA</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; line-height: 107%">Global Scale</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">BB</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">Ba2</TD>
    <TD STYLE="border-right: Black 1pt solid; white-space: nowrap; vertical-align: bottom; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; line-height: 107%">BB-</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Despite the 30.3% increase in the Company's
total debt, there was a significant reduction in the foreign currency debt, which reduces the impact of exchange rate volatility on our
total debt. Although our covenant (financial indicator) &ldquo;Total Debt/Adjusted EBITDA&rdquo; ratio increased from 1.75x in 2019 to
2.66x in 2020, our debt level is still significantly lower than the contractual limit of 3.65x, which is a contractual obligation in our
17th Debenture Issue and for the AB Loan.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">As of December 31, 2020, the Company had met
all the requirements of its loans and financing agreements.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>Expansion of market share and credit recovery</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Historically, the Company has supplied wholesale
water to several municipalities in the Metropolitan Region of S&atilde;o Paulo and it is their responsibility to distribute the water
to the final consumers.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Over the past few years, the Company has been
reducing its exposure in this segment, with the incorporation of these municipalities into the retail segment and settling any existing
debt.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In June 2020, after extensive negotiations
with the municipality of Mau&aacute;, Sabesp signed (i) a Public Service Contract with the state of S&atilde;o Paulo and the Municipality
of Mau&aacute; and; (ii) an Adjustment Agreement for Payment and Debt Receipt with the authority responsible for the municipality&rsquo;s
water supply (Saneamento B&aacute;sico do Munic&iacute;pio de Mau&aacute; - SAMA).</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">These contracts allow Sabesp to provide quality
services directly to the population, ensuring legal, financial and asset security to the Company, its shareholders and creditors.</P>


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<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>Financial and Economic Performance</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2020, the Company recorded a net income
of R$973.3 million, compared to R$3.4 billion in 2019, decreasing by 71.1%. Net operating revenue (including construction revenue) totaled
R$17.8 billion, decreasing by 1.0% from the previous year. Gross operating revenue for sanitation services (excluding construction revenue)
totaled R$15.2 billion in 2020, down by R$976.2 million, or 6.1%, over the R$16.1 billion recorded in 2019. The decrease in gross operating
revenue is mainly due to the following: (i) Formalization of an agreement with the municipality of Santo Andr&eacute; in 2019, generating
R$1,261.7 million in non-recurring revenue; (ii) Lower billed volume in the commercial, industrial and public categories, resulting in
a reduction of approximately R$805.0 million, when compared to the previous year; and (iii) Reduction of R$40.2 million in revenues from
the &quot;Social Residential&quot; and &quot;Favela Residential&quot; categories, due to the exemption granted on water and sewage bills
from the months of April to August. The decrease in revenue was mitigated by the following: (i) Formalization of an agreement with the
municipality of Mau&aacute; in June 2020, generating an increase of R$204.1 million; (ii) Higher billed volume in the residential category,
resulting in an increase of approximately R$840.0 million; (iii) Higher revenue from retail sales in the municipality of Santo Andr&eacute;,
in the amount of R$214.2 million; and (iv) Tariff readjustment of 3.4% as of August 2020.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2020, construction revenue increased by
R$770.1 million, or 26.1% over 2019. The variation is mainly due to the higher investments made in asset construction in 2020.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2020, general costs, administrative &amp;
selling expenses, and construction costs increased by 9.5% (R$1,169.9 million). Excluding the effects from construction costs, this increase
was by 4.5% (R$421.2 million).</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The share of administrative &amp; selling expenses
and construction costs as a percentage of net revenues was 75.4% in 2020, up from the 68.2% shown in 2019. For more information on the
composition and changes in costs and expenses, see the Results Press Release, available on the Company's website at https://ri.sabesp.com.br/informacoes-financeiras/central-de-resultados/.</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 12pt 0 0">Adjusted EBITDA decreased by 14.5%, from R$7,510.5 million
in 2019 to R$6,421.8 million in 2020, and the adjusted EBITDA margin was 36.1%, while reaching 41.8% in the previous fiscal year. Excluding
the effects from revenue and construction costs, the adjusted EBITDA margin was 45.0% in 2020 (49.5% in 2019).</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>Dividends</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">According to the Company's Bylaws, the common
shares are entitled to the minimum mandatory dividend, corresponding to 25% of the net profit for the year, obtained after the deductions
determined or allowed by law and that can be paid as interest on own capital.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The dividend distribution policy foresees that
the payment of the minimum mandatory dividend will be maintained until universalization of the basic sanitation services is reached in
the operated area and, when paid as interest on equity, the income tax rate over the amount payable to shareholders will be considered
an additional dividend.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In 2020, Sabesp paid dividends as interest
on equity, in the amount of approximately R$941.0 million referring to the 2019 fiscal year, corresponding to R$1.3767 per common share,
a pay-out of 27.9% and dividend yield of 2.3%.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">For 2020, the Board of Directors approved the
proposal to pay interest on equity, in the amount of R$272.0 million, corresponding to R$0.3979 per common share, a pay-out ratio of 27.9%
and dividend yield of 0.9%, with payment scheduled to start on June 28, 2021.</P>


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<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>Stock Market</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Sabesp&rsquo;s shares closed with a 26.6% drop
in 2020, priced at R$44.44. Among the main reasons for this decrease was the impact of the Covid-19 pandemic and its consequences to the
economy, expectations regarding the Third Ordinary Tariff Review and the Tariff Structure Review, in addition to the vetoes of the new
Legal Sanitation Framework. The Ibovespa index ended the yeat at a high of 2.52%.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Our shares participated in 100% of the B3 trading
sessions and the annual financial volume was R$48.2 billion, 37% higher than in 2019. In 2020, Sabesp's shareholder base followed the
movement observed in the Brazilian capital market with a significant increase of 226% in the amount of individual shareholders, totaling
3.4% of its Share Capital, increasing by 140% over 2019. The shares traded on B3 represented 37.3% of the share capital and around 12.4%
of the American Depositary Receipts (ADRs), traded on the NYSE. The ADRs depreciated 42.9% compared to the 28.9% appreciation of the U.S.
dollar in 2020. In the same period, the North American indexes ended at highs: Dow Jones +7.25% and S&amp;P 500 +16.26%.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 16pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2 - Corporate Governance</B></P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.1 - Corporate Governance Structure</B></P>

<P STYLE="font: 11pt/105% Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: center"><IMG SRC="sbs202106016k_001.jpg" ALT=""></P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>&nbsp;</B></P>


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<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.1.1 - Annual Shareholders' Meeting</B></P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">This is the highest decision-making level,
with powers to resolve on all business matters related to the Company's purpose and matters deems convenient for the Company&rsquo;s defense
and development. The Annual Shareholders&rsquo; Meeting is responsible for electing or dismissing the members of the Company&rsquo;s Executive
Board, Fiscal Council, Audit Committee and the Eligibility and Advisory Committee, among others. All documents to be analyzed or discussed
at the Meeting are available at the Company&rsquo;s headquarters, corporate website and on the websites of the Brazilian Securities and
Exchange Commission - CVM and B3, as of the date the Meeting&rsquo;s Call Notice is released. Proof of shareholder status may be requested
at any time until the opening of the Annual Shareholders&rsquo; Meeting, subject to compliance with the rules established in the Company&rsquo;s
Bylaws.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.1.2 - Board of Directors</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company&rsquo;s Board of Directors is comprised
of a minimum of seven (7) and a maximum of eleven (11) members, with a unified two-year term of office and a maximum of three (3) consecutive
re-elections allowed. At least two (2) members, or 25%, whichever is greater, of the Board of Directors must be independent according
to the provisions of the Novo Mercado Regulation and Federal Law 13,303/16, of which one shall be elected by the minority shareholders.
The Chief Executive Officer is a member of the Board of Directors but must not occupy the position of Chairman of this body. The Chairman
of the Board of Directors, in turn, must not be part of the Executive Board. An employee representative is ensured on the Board of Directors,
with a term of office that coincides with the other Board members. There is currently no employee representative on the Board of Directors.
The attributions of the Board of Directors are defined in the Company&rsquo;s Bylaws and its internal regulations.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.1.3 - Audit Committee</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Board of Directors is advised by an Audit
Committee, which is comprised of three (3) directors who cumulatively meet the following requirements: (i) independence, (ii) technical
knowledge; (iii) availability of time for their duties (iv) identify and/or comply with applicable exemptions, pursuant to the rules of
the United States Securities and Exchange Commission and the New York Stock Exchange. The Audit Committee must have a finance specialist
and a Coordinator, who may or may not be the same person. According to the Company's Bylaws, the members of the Audit Committee can be
appointed simultaneously to their election to the Board of Directors, or by subsequent resolution by the Board of Directors, and must
exercise their duties for the duration of their term of office, or until a resolution contrary to this has been take at the Annual Shareholders&rsquo;
Meeting or by the Board of Directors. In addition, if a Committee member has held a term of office for any period, he/she may only rejoin
the committee only after, at least, three (3) years since the end of said term of office. The attributions of the Board of Directors are
defined in the Company&rsquo;s Bylaws and in its internal regulations.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.1.4 - Eligibility and Advisory Committee</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">This committee was created in April 2018 by
means of a statutory provision and is comprised of three (3) members elected at the Annual Shareholders&rsquo; Meeting without a fixed
mandate. This Committee is responsible for supervising the nomination and evaluation procedures for members of the Company&rsquo;s administration
and Fiscal Council, as provided for in the Bylaws and in observance with the provisions of Article 10 of Federal Law 13,303/2016 (Law
of State-owned Companies). The committee's internal regulations must be approved by the Board of Directors.</P>


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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">More information about the Company's Nomination
Policy can be found at <U>https://ri.sabesp.com.br/governanca-corporativa/estatuto-e-politicas/</U>. To view the minutes of the Eligibility
and Advisory Committee, please go to https://ri.sabesp.com.br/governanca-corporativa/assembleia-e-atas/.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.1.5 - Fiscal Council</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Fiscal Council is a permanent body and
has been installed since the creation of the Company. It is comprised by a minimum of three (3) and a maximum of five (5) effective members
and their respective alternates, who are elected annually by the Annual Shareholders&rsquo; Meeting and may be re-elected for a maximum
of two consecutive terms, being one of its members a representative of minority shareholders. The attributions of the Board of Directors
are defined in the Company&rsquo;s Bylaws and its internal regulations.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.1.6 &ndash; Executive Board</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Executive Board is comprised by six (6)
members with a unified term of office of two years, with a maximum of three (3) consecutive re-elections allowed. The Executive Officers
are elected by the Board of Directors, one of whom is appointed as Chief Executive Officer. The Chief Executive Officer is a member of
the Board of Directors during the time he/she remains as CEO, but must not occupy the position of Chairman of the Board of Directors.
The attributions of the Executive Board are defined in the Company&rsquo;s Bylaws and in its internal regulations.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.1.7 - Executive Governance Department</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">This activity carried out by the Company&rsquo;s
Presidency Office and is responsible for advising on governance processes, assisting the Chairman of the Board of Directors, the Coordinator
of the Audit Committee, the Fiscal Council and the Chief Executive Officer in defining meeting agendas, forwarding the agenda and preparing
supporting materials for meetings, calling and conducting meetings and general shareholders&rsquo; meetings, and preparing their respective
minutes, among other attributions.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.1.8 - Internal Audit</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">This activity is linked to the Board of Directors
by means of the Audit Committee and also reports to the CEO. The internal audit is responsible for assessing: (i) the adequacy of internal
controls, (ii) the effectiveness of risk management and governance processes, (iii) the reliability of the processes for collecting, measuring,
classifying, accumulating, recording and disclosing events and transactions, and for the preparation of financial statements, and (iv)
the proper application of the principle of segregation of duties to avoid conflicts of interests and fraud. Since 2016, Sabesp, through
its Internal Audit, has maintained its Quality Assessment (QA) certification, achieved after a strict assessment carried out by the Institute
of Internal Auditors of Brazil (IIA Brazil), a branch of The Institute of Internal Auditors (IIA).</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.1.9 - Risk Management and Compliance
Department</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">This department is linked to the Chief Executive
Officer and its head is a statutory director appointed by the Board of Directors. The Risk Management and Compliance department is responsible
for preparing the Company's integrity program, identifying and classifying, along with the Company's other departments, the Company's
main risks. It may establish a direct communication with the Fiscal Council, the Audit Committee and the Board of Directors whenever the
members of the Executive Board are suspected of being involved in irregular activities. This department is autonomous, independence and
operates with its own budget.</P>


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<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.1.10 - Ethics Committee</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Ethics Committee is linked to the Board
of Directors and is responsible for the recurring updates of the Company&rsquo;s Code of Conduct and Integrity to always reflect current
scenarios. This committee is also responsible for encouraging commitment by managers and employees to the principles established therein.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.1.11 - Corporate Risk Management Committee</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">This advisory body is installed on a permanent
basis and reports to the Executive Board. It is comprised by representatives from all boards and coordinated by the Risk Management and
Compliance Department. The Corporate Risk Management Committee is responsible for assessing the levels of risk that define the responsibilities
for approving and dealing with risks as well as monitoring the annual risk management plan, implementation of mitigation action plans,
risk indicators, and evaluating the risk map, among others.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.1.12 - External Audit</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Sabesp has an external audit who performs the
auditing of its financial statements and review of quarterly information and financing projects, ensuring reliability of the data presented.
The Company respects the principles that preserve the independence of these professionals, namely: not to audit their own work, not to
perform managerial functions and not to advocate for their customer. The hiring of the independent auditing firm is approved by the Board
of Directors, based on the opinion of the Audit Committee, which is responsible for assessing the guidelines of the hiring process and
other conditions for the provision of services. The Audit Committee must also previously express its opinion on the hiring of other services
from the independent auditing firm, or companies related to it, that are not included in the typical audit activities, as well as providing
an opinion for the removal of the independent auditors.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.2 - Internal Controls</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Internal controls include the procedures for
accuracy of the accounting records, preparing financial statements in accordance with official regulations, and the proper authorization
of transactions related to the acquisition, use and disposition of the Company's assets.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">For 16 years, Sabesp has been promoting a structured
and systematic assessment of internal controls, which is currently guided by the internal controls framework of the Committee of Sponsoring
Organizations of the Treadway Commission (COSO) version 2013 and is adherent to section 404 of the Sarbanes-Oxley Act (SOX) and to Federal
Law 13,303/2016.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Annually, a review of the assessment process
of internal controls is in progress, considering new risks associated with the preparation and disclosure of financial statements, as
well as possible significant changes in processes and information systems.</P>

<P STYLE="font: 11pt/115% Calibri, Helvetica, Sans-Serif; margin: 12pt 0 0">The internal control tests are carried out by the internal
audit area, which reports hierarchically to the CEO and functionally to the Audit Committee. In 2019, the assessment on the effectiveness
of the internal controls environment did not identify any deficiencies considered material.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.3 - Code of Conduct and Integrity</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The bases for managers and collaborators to
act in an integrated manner consistent with the Company's values when conducting relations and business with its different publics are
defined in its Code of Conduct and Integrity. The Code was initially prepared as a joint effort in 2006 and its most recent version is
available at: https://ri.sabesp.com.br/governanca-corporativa/codigo-de-conduta-e-integridade/.</P>
<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>


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<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify"></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Defined by the Code of Conduct and Integrity
and implemented in 2018, the Trust Channel is an internal institutional mechanism to clarify doubts and guide collaborators on ethical
behavior in the conduct of Sabesp's business at its various levels, responding to all quickly, objectively, without value judgment, while
maintaining confidentiality about the consultation.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Audit Committee is responsible for monitoring
procedures for investigating violations to the Code of Conduct and Integrity, as well as the events reported to the Whistleblowing Channel,
which are analyzed and reported biannually to the Ethics Commission and Audit Committee. The Audit superintendence is responsible for
processing complaints, must ensure the anonymity of the whistle blower and protect the confidentiality of the information and of those
involved.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">In order to preserve the anonymity of the whistle
blower, our Whistleblowing Channel is external, in other words, the acceptance of reports is carried out by a specialized outsourced company,
by means of an electronic form and telephone, allowing the whistle blower to follow up on the investigation through a protocol.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Throughout the year, 155 occurrences were registered
in the Reporting Channel and 39 penalties were applied, among company employees and outsourced employees: 11 warnings, 5 suspensions,
and 23 terminations. It is worth noting that, among the cases investigated, there are no indications of participation of Company employees
in acts of corruption covered by Federal Anti-Corruption Law 12,846/2013.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.4 - Transparency</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Sabesp is aware that promoting ethics and integrity
requires transparency in the relationship with all of our stakeholders. Therefore, the Transparency Portal (available at http://bit.ly/32VDGhb)
offers clear and up-to-date information about the business. On it, users have free access to our Institutional Policies, board and committee
minutes, contracts with the granting authority and with suppliers as well as main programs and projects developed. In addition, the Portal
also has a Citizen Information Service (SIC), a service channel for citizens established in the Access to Information Law.</P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.5 - Compensation Policy</B></P>

<P STYLE="font: 14pt/115% Calibri, Helvetica, Sans-Serif; color: #4472C4; margin: 12pt 0 0"><B>2.5.1 - Management and Members of Statutory
Committees</B></P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The Company has a compensation policy, approved
by the Board of Directors, which establishes the criteria for defining the compensation for the Management (Executive Board and Board
of Directors) and for members of the Fiscal Council and statutory Audit and Eligibility Committee and Advisory Committee, pursuant to
the Novo Mercado Regulation, the Bylaws, Federal Laws 6,404/1976 and 13,303/2016, and the Resolutions of the State Capital Defense Council
- CODEC 01/2018 and 01/2019, available at https://ri.sabesp.com.br/corporate-governance/statute-and-policies/.</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">The global remuneration
amount must be approved by the Annual Shareholders&rsquo; Meeting. For further information on the criteria breakdown composition of the
compensation of the members of the statutory bodies, see item 13 of the&nbsp;Reference Form, available at https://ri.sabesp.com.br/informacoes-financeiras/submetidas-a-cvm/.</P>


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<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; margin: 0 0 6pt; text-align: justify">Pursuant to Article 8, items I and VIII, of
Law 13,303, of June 30, 2016, the Board of Directors subscribes to this Annual Public Policies and Corporate Governance Charter of Companhia
de Saneamento B&aacute;sico do Estado de S&atilde;o Paulo &ndash; SABESP for the 2020 fiscal year.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center">S&atilde;o Paulo, March 25, 2021.</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 11pt/150% Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-top: Black 1pt solid; width: 46%; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">M&aacute;rio Engler Pinto J&uacute;nior</P>
    <P STYLE="font: 10pt Calibri, Helvetica, Sans-Serif; margin: 0; text-align: center">Chairman of the Board of Directors</P></TD>
    <TD STYLE="width: 10%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; width: 44%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Benedito Pinto Ferreira Braga J&uacute;nior</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Wilson Newton de Mello Neto</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Claudia Polto da Cunha</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Francisco Vidal Luna</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Reinaldo Guerreiro</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Francisco Luiz Sibut Gomide</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Eduardo de Freitas Teixeira</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Luis Eduardo Alves de Assis</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-size: 10pt">Walter Luis Bernades Albertoni</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt/107% Calibri, Helvetica, Sans-Serif; margin: 0 0 8pt"><B>&nbsp;</B>&nbsp;</P>

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<P></P>

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

<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>

<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;June 1, 2021</FONT></DIV>

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

<DIV align=center>

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



<TR>

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

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

<TR>

   <TD height=16></TD>

   <TD height=16></TD>

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

<TR>

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

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

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

</TD>

   <TD></TD></TR>

<TR>

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

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

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

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

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

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

<P>&nbsp;</P>

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

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

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

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