<SEC-DOCUMENT>0001292814-24-000175.txt : 20240123
<SEC-HEADER>0001292814-24-000175.hdr.sgml : 20240123
<ACCEPTANCE-DATETIME>20240122174344
ACCESSION NUMBER:		0001292814-24-000175
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240331
FILED AS OF DATE:		20240123
DATE AS OF CHANGE:		20240122

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]
		ORGANIZATION NAME:           	01 Energy & Transportation
		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:		24550021

	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>sbs20240119_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><FONT color=#000000 size=2 face="Times New Roman"><B>For&nbsp;January, 2024</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: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center"></P>

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  <TR>
    <TD ROWSPAN="5" STYLE="border: #999999 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 5.4pt"><IMG SRC="sbs202401196k_001.jpg" ALT=""><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></TD>
    <TD COLSPAN="4" STYLE="border-top: #999999 1pt solid; border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Organizational Instrument</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Type:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Phase:</FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Institutional Policy</B></FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Effective</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Title:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Number and Version:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>FINANCIAL RISK MANAGEMENT</B></FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>PI0038 &ndash; V.1</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Issuer:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Approver:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Validity of the 1st version:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Validity of this version:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">FF</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">VIRGINIA TAVARES RIBEIRO - VIRGINIARIBEIRO</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">12/28/2023</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">12/28/2023</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Related Areas (Coverage):</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Processes:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">SABESP</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  </TABLE>

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

<P STYLE="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 6pt 37.3pt 6pt 0.25in; text-align: justify; text-indent: -0.25in">1.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Introduction</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-weight: normal">1.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">The purpose of this Policy is to define guidelines
and responsibilities to mitigate exposure to market variables that impact assets, liabilities, and/or cash flows of the company and its
subsidiaries, thus reducing the effects of undesirable fluctuations of such variables in their financial statements, ensuring that the
Company&rsquo;s results reflect true operational performance and that its projected cash flow has lower volatility.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0 37.3pt 0 0.25in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in">2.</TD><TD STYLE="text-align: justify; padding-right: 37.3pt">Purposes</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-weight: normal">2.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">Establish criteria for financial risk management
to mitigate imbalances between assets and liabilities with some form of indexation, exposing the Company to market risks and affecting
the natural balance of exposed positions.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-weight: normal">2.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">Guide the execution of transactions with derivative
financial instruments, for risk management purposes, for exposures considered relevant, respecting the guidelines outlined in this Policy.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 37.3pt 0 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 6pt 37.3pt 6pt 0.25in; text-align: justify; text-indent: -0.25in">3.<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Guidelines</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-weight: normal">3.1</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">Financial derivatives transactions must be carried
out exclusively to hedge the Company&rsquo;s and its subsidiaries&rsquo; indexed assets and liabilities that have any mismatches and cannot
constitute financial leverage.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-weight: normal">3.2</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">The hedge of financial flows indexed to market
variables that may compromise previously established cost and/or profitability goals due to their fluctuations should be carried out through
derivatives transactions.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-weight: normal">3.3</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">Use derivative instruments with structures that
do not add additional risk to positions.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-weight: normal">3.4</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">Allow the participation of financial institutions
in derivatives transactions that meet the accreditation criteria defined by the Company.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-weight: normal">3.5</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">Prioritize derivatives transactions that do
not involve periodic cash disbursement to avoid adding volatility to the Company&rsquo;s cash.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-weight: normal">3.6</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">In the case of derivatives transactions that
involve disbursements, it is necessary to comply with the parameters established by the Financial Risk Management Committee.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-weight: normal">3.7</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">Respect the parameters established by the Financial
Risk Management Committee for contracting derivatives transactions, using the notional value of each transaction as the limit.</FONT></TD></TR></TABLE>


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    <TD ROWSPAN="5" STYLE="border: #999999 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 5.4pt"><IMG SRC="sbs202401196k_001.jpg" ALT=""><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></TD>
    <TD COLSPAN="4" STYLE="border-top: #999999 1pt solid; border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Organizational Instrument</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Type:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Phase:</FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Institutional Policy</B></FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Effective</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Title:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Number and Version:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>FINANCIAL RISK MANAGEMENT</B></FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>PI0038 &ndash; V.1</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Issuer:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Approver:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Validity of the 1st version:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Validity of this version:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">FF</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">VIRGINIA TAVARES RIBEIRO - VIRGINIARIBEIRO</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">12/28/2023</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">12/28/2023</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Related Areas (Coverage):</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Processes:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">SABESP</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 23.15pt 0 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-weight: normal">3.8</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">The Company should seek to reduce the impact
on economic and financial results from variables indexing assets, liabilities, or contracts, such as exchange rates, interest rates, and
indices, timely acting to ensure the expected effectiveness of mitigation solutions.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 12pt 23.15pt 12pt 21.3pt; text-align: justify"><B>Counterparty Risk</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 35.4pt"><FONT STYLE="font-weight: normal">3.9</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">The Company will use the risk ratings disclosed
by Standard Poor&rsquo;s (S&amp;P), Moody&rsquo;s, or Fitch to support and complement the analysis and judgment of banking risk.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 12pt 23.15pt 12pt 56.65pt; text-align: justify">Note: Counterparty risk in
derivatives transactions is related to potential adjustments and not the total value of the underlying asset (notional value).</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 12pt 23.15pt 12pt 21.3pt; text-align: justify"><B>Selection of Banks</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 35.4pt"><FONT STYLE="font-weight: normal">3.10</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">Banks must be selected according to the following
criteria: </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.4pt"></TD><TD STYLE="width: 21.5pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt; letter-spacing: -0.2pt">a)</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.05pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Being
among the top 10 (ten) financial institutions in the Central Bank of Brazil&rsquo;s Exchange Ranking, excluding amounts related to interbank
transactions;</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.4pt"></TD><TD STYLE="width: 21.5pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt; letter-spacing: -0.2pt">b)</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.05pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Having
a minimum equity of R$ 4 billion (four billion reais); and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.4pt"></TD><TD STYLE="width: 21.5pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt; letter-spacing: -0.2pt">c)</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.05pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Having
a rating equivalent to an investment grade of AA(bra), brAA, or AA.br.</FONT></TD></TR></TABLE>

<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 6pt 23.05pt 6pt 56.4pt; text-align: justify">Note: If two or more agencies
rate the same issuer, the worst rating will be considered for eligibility purposes.</P>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 12pt 23.15pt 12pt 21.3pt; text-align: justify"><B>Exposure Limits</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 35.4pt"><FONT STYLE="font-weight: normal">3.11</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.15pt"><FONT STYLE="font-weight: normal">The exposure limit to a specific counterparty
must respect the following criteria: </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 60.1pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt; letter-spacing: -0.2pt">a)</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.05pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Equity
of the institution; and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 60.1pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt; letter-spacing: -0.2pt">b)</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.05pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Local
rating according to the counterparty.</FONT></TD></TR></TABLE>


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<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.2pt">&nbsp;</FONT></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 12pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="5" STYLE="border: #999999 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; text-indent: 5.4pt"><IMG SRC="sbs202401196k_001.jpg" ALT=""><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif"></FONT></TD>
    <TD COLSPAN="4" STYLE="border-top: #999999 1pt solid; border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>Organizational Instrument</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Type:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Phase:</FONT></TD></TR>
  <TR>
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Institutional Policy</B></FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>Effective</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Title:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Number and Version:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>FINANCIAL RISK MANAGEMENT</B></FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt"><B>PI0038 &ndash; V.1</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Issuer:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Approver:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Validity of the 1st version:</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Validity of this version:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">FF</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">VIRGINIA TAVARES RIBEIRO - VIRGINIARIBEIRO</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">12/28/2023</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt; text-align: center"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">12/28/2023</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Related Areas (Coverage):</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: #999999 1pt solid; padding-top: 1pt; padding-bottom: 0.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 4pt; color: gray">Processes:</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">SABESP</FONT></TD>
    <TD COLSPAN="2" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-bottom: 2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 7pt">-</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Verdana, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="letter-spacing: -0.2pt"></FONT></P>

<P STYLE="font: bold 12pt Arial, Helvetica, Sans-Serif; margin: 0 23.15pt 0 21.25pt; text-align: justify; text-indent: 0in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.25pt"></TD><TD STYLE="width: 35.45pt"><FONT STYLE="font-weight: normal">3.12</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.25pt"><FONT STYLE="font-weight: normal">The table below outlines the limits to be respected:
</FONT></TD></TR></TABLE>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 12pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
  <TR>
    <TD ROWSPAN="2" STYLE="vertical-align: top; width: 20%; border: Black 1pt solid; padding-top: 12pt; padding-right: 37.2pt; padding-bottom: 12pt; text-align: justify">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="width: 48%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 12pt; padding-right: 1.9pt; padding-bottom: 12pt; text-align: center"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>Rating</B></FONT></TD>
    <TD STYLE="width: 32%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 12pt; padding-right: 23.25pt; padding-bottom: 12pt; text-align: center"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>Maximum Exposure</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 12pt; padding-right: -3.5pt; padding-bottom: 12pt; text-align: center"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>% Equity - Counterparty</B></FONT></TD></TR>
  <TR>
    <TD ROWSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-top: 12pt; padding-right: 6.25pt; padding-bottom: 12pt; text-align: center"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt"><B>Local Scale</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 12pt; padding-right: 1.9pt; padding-bottom: 12pt; text-align: center"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">AAA.br or equivalent</FONT></TD>
    <TD ROWSPAN="3" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 12pt; padding-right: 1.45pt; padding-bottom: 12pt; text-align: center"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">10</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 12pt; padding-right: 1.9pt; padding-bottom: 12pt; text-align: center"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">AA+.br or equivalent</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-top: 12pt; padding-right: 1.9pt; padding-bottom: 12pt; text-align: center"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">AA.br or equivalent</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 12pt 23.25pt 12pt 0; text-align: justify"><B>Limits of Use</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 35.4pt"><FONT STYLE="font-weight: normal">3.13</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.25pt"><FONT STYLE="font-weight: normal">The use of derivatives is restricted to risk
management (hedge), and leveraged transactions are prohibited. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 35.4pt"><FONT STYLE="font-weight: normal">3.14</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.25pt"><FONT STYLE="font-weight: normal">The underlying asset and the corresponding derivative
contract must have the same risk factor. </FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 35.4pt"><FONT STYLE="font-weight: normal">3.15</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.25pt"><FONT STYLE="font-weight: normal">Derivatives transactions involving interest
and/or currency, when used to hedge corporate financing, must maintain a correlation with the debt profile.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin: 0 23.25pt 0 0"><B>Closing Remarks</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 35.4pt"><FONT STYLE="font-weight: normal">3.16</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.25pt"><FONT STYLE="font-weight: normal">Cases not covered by this Policy or exceptional
cases must be evaluated by Sabesp&rsquo;s Executive Board, which may request additional resolution from the Board of Directors.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 35.4pt"><FONT STYLE="font-weight: normal">3.17</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.25pt"><FONT STYLE="font-weight: normal">The Financial Risk Management Committee is established,
reporting to the Board of Directors, with the following composition:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt; letter-spacing: -0.2pt">a)</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.05pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Economic,
Financial, and Investor Relations Executive Office, responsible for coordinating the Committee:</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt; letter-spacing: -0.2pt">b)</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.05pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Superintendents
and Advisors subordinated to the Economic, Financial, and Investor Relations Executive Office and appointed by it to compose the Committee;
and</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 56.7pt"></TD><TD STYLE="width: 21.25pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt; letter-spacing: -0.2pt">c)</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.05pt"><FONT STYLE="font-family: Verdana, Helvetica, Sans-Serif; font-size: 11pt">Compliance
and Risks Superintendent.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Arial, Helvetica, Sans-Serif; margin-top: 6pt; margin-bottom: 6pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 21.3pt"></TD><TD STYLE="width: 35.4pt"><FONT STYLE="font-weight: normal">3.18</FONT></TD><TD STYLE="text-align: justify; padding-right: 23.25pt"><FONT STYLE="font-weight: normal">This Policy must align with other related Company
policies.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 14.15pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt"><B>4.</B></FONT></TD><TD STYLE="text-align: justify; padding-right: 37.3pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 11pt; font-weight: normal">Complements</FONT></TD></TR></TABLE>

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    <TD STYLE="width: 35%; border-top: #999999 1pt solid; border-right: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 0.3pt; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman, Times, Serif; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Referenced Exhibits (Exhibit Base)</FONT></TD>
    <TD STYLE="width: 33%; border-top: #999999 1pt solid; border-right: #999999 1pt solid; padding-top: 0.3pt; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman, Times, Serif; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Referenced Documents</FONT></TD>
    <TD STYLE="width: 32%; border-top: #999999 1pt solid; border-right: #999999 1pt solid; padding-top: 0.3pt; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman, Times, Serif; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Registration Information</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 2pt; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman, Times, Serif; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">---</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman, Times, Serif; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">---</FONT></TD>
    <TD STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; padding-top: 2pt; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman, Times, Serif; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">---</FONT></TD></TR>
  <TR STYLE="vertical-align: top; background-color: #D9D9D9">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-left: #999999 1pt solid; padding-top: 0.3pt; padding-right: 5.4pt; padding-left: 5.4pt; font-family: Times New Roman, Times, Serif; text-align: justify; line-height: 115%"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 8pt; line-height: 115%">Attached Files (Supplementary Files of the Organizational Instrument)</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="3" STYLE="border-right: #999999 1pt solid; border-bottom: #999999 1pt solid; border-left: #999999 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 2pt 0 0; text-align: justify">PI0038v1 &ndash; Exhibit 01 &ndash; Concepts
    .pdf</P>
    <P STYLE="font: 8pt/115% Arial, Helvetica, Sans-Serif; margin: 2pt 0 0; text-align: justify">PI0038v1 &ndash; Exhibit 02 &ndash; Responsabilities
    .pdf</P></TD></TR>
  </TABLE>
<P STYLE="font: 2pt/115% Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>


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


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="4" STYLE="border: Black 1pt solid; width: 10%; padding-top: 3pt; text-align: center"><IMG SRC="sbs202401196k_001.jpg" ALT=""></TD>
    <TD STYLE="width: 78%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 9.15pt; text-align: left; text-indent: -0.1pt"><FONT STYLE="font-size: 5pt">Exhibit Name:</FONT></TD>
    <TD STYLE="width: 12%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 9.15pt; text-align: left; text-indent: -0.1pt"><FONT STYLE="font-size: 5pt">Exhibit Number</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 9.15pt; text-align: left; text-indent: -0.1pt"><FONT STYLE="font-size: 12pt"><B><SUP>Concepts</SUP></B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 9.15pt; text-align: center; text-indent: -0.1pt"><FONT STYLE="font-size: 12pt"><B><SUP>01</SUP></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 9.15pt; text-align: left; text-indent: -0.1pt"><FONT STYLE="font-size: 5pt">Linked to the Instrument:</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 9.15pt; text-align: left; text-indent: -0.1pt"><FONT STYLE="font-size: 12pt"><B><SUP>PI0038 - V.1 &ndash; Financial Risks Management</SUP></B></FONT></TD></TR>
  </TABLE>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 25%; border-bottom: Black 1pt dotted; font: 11pt Arial, Helvetica, Sans-Serif; border-right: Black 1pt solid; padding-top: 6pt; padding-right: 5.4pt; padding-left: 9.15pt; text-indent: -0.1pt; text-align: justify">Derivative</TD>
    <TD STYLE="width: 75%; border-bottom: Black 1pt dotted; font: 11pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 9.15pt; text-indent: -0.1pt; text-align: justify">Contract between the parties establishing the future trading conditions of a specific underlying asset.</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0 9.15pt; text-align: justify; text-indent: -0.1pt">Hedge</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0 9.15pt; text-align: justify; text-indent: -0.1pt">&nbsp;</P>
    <P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0 9.15pt; text-align: right; text-indent: -0.1pt">&nbsp;</P></TD>
    <TD STYLE="font: 11pt Arial, Helvetica, Sans-Serif; padding-top: 6pt; padding-right: 5.4pt; padding-left: 9.15pt; text-indent: -0.1pt; text-align: justify">A financial strategy that allows a market participant to hedge against risks arising from fluctuations in asset prices and/or exchange variations, transferring to another participant the risk of changes in price trends that negatively affect the value of their spot position.</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 6pt 0 0 9.15pt; text-align: justify; text-indent: -0.1pt">&nbsp;</P>


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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: center">&nbsp;</P>

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  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 10%; border: Black 1pt solid; padding: 3pt 5.4pt; text-align: center">&nbsp;<IMG SRC="sbs202401196k_001.jpg" ALT=""></TD>
    <TD STYLE="width: 79%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 5pt">Exhibit Name:</FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 5pt">Exhibit Number</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 12pt"><B><SUP>Responsabilities </SUP></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: 12pt"><B><SUP>02</SUP></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 5pt">Linked to the Instrument:</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 12pt"><B><SUP>PI0038 - V.1 &ndash; Financial Risks Management</SUP></B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 0 0 12pt 0.5pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 12pt 14.2pt 12pt 0; text-align: justify; text-indent: 0in"><B>1<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Sabesp&#8217;s Board of Directors:</B></P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">a)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">approve Sabesp&#8217;s Institutional Policy of Financial Risk Management and respective updates.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">b)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">approve the derivatives transaction programs, regarding terms and amounts, submitted by Sabesp&#8217;s Executive Board.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">c)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">approve any contracting of transactions using derivatives whose contract volume or net risk position exceeds the Executive Board&#8217;s resolution limit and has not been approved in the <B>derivatives transaction program</B>.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">d)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">approve the responsibilities of other jurisdictions.</TD></TR>
  </TABLE>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0">&nbsp;</TD>
    <TD STYLE="width: 0.25in"><B>2</B></TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt"><B>Audit Committee:</B></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">a)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">evaluate and monitor the implementation of Sabesp&#8217;s Institutional Policy of Financial Risk Management and respective updates.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">b)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">evaluate and monitor the implementation of derivatives transaction programs, regarding terms and amounts, submitted by Sabesp&#8217;s Executive Board.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">c)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">evaluate any contracting of operations using derivatives whose contract volume or net risk position exceeds the Executive Board&#8217;s resolution limit and has not been approved in the derivatives transaction program.</TD></TR>
  </TABLE>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 0">&nbsp;</TD>
    <TD STYLE="width: 0.25in"><B>3</B></TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt"><B>Sabesp&#8217;s Executive Board:</B></TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">a)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">analyze Sabesp&#8217;s Institutional Policy of Financial Risk Management and respective updates, submitting them to a resolution of Sabesp&#8217;s Board of Directors.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">b)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">analyze the derivatives transaction programs proposed by the Financial Risk Management Committee, regarding terms, risk limits, and amounts, submitting them to a resolution of Sabesp&#8217;s Board of Directors.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">c)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">approve the composition and changes in the Financial Risk Management Committee.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">d)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">approve any contracting of transactions using derivatives.</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 12pt 14.2pt 12pt 0; text-align: justify; text-indent: 0in"><B>4<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Economic, Financial, and Investor Relations Executive Board:</B></P>

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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">a)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">establish and maintain prerequisites for contracting transactions.</TD></TR>
  </TABLE>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">b)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">identify financial risk factors and the Company&#8217;s exposure to risk variables.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">c)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">analyze and propose actions to mitigate financial risk.</TD></TR>
  </TABLE>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">d)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">plan and execute the mitigation requests approved by Sabesp&#8217;s Executive Board.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">e)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">report on the impacts of transactions on financial risks.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">f)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">monitor the result of mitigation actions and management of contracted transactions.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">g)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">coordinate the Financial Risk Management Committee.</TD></TR>
  </TABLE>
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  <TR STYLE="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 10%; border: Black 1pt solid; padding: 3pt 5.4pt; text-align: center"><IMG SRC="sbs202401196k_001.jpg" ALT="">&nbsp;</TD>
    <TD STYLE="width: 79%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 5pt">Exhibit Name:</FONT></TD>
    <TD STYLE="width: 11%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 5pt">Exhibit Number</FONT></TD></TR>
  <TR>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 12pt"><B><SUP>Responsabilities </SUP></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: 12pt"><B><SUP>02</SUP></B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-bottom: 3pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 5pt">Linked to the Instrument:</FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt; text-align: left"><FONT STYLE="font-size: 12pt"><B><SUP>PI0038 - V.1 &ndash; Financial Risks Management</SUP></B></FONT></TD></TR>
  </TABLE>
<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">h)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">monthly monitor derivatives transactions and present them to the Executive Board every quarter.</TD></TR>
  </TABLE>
<P STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin: 12pt 14.2pt 12pt 0; text-align: justify; text-indent: 0in"><B>5<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Financial Risk Management Committee:</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">a)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">analyze proposed strategies and instruments for hedge transactions, considering current market conditions.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">b)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">assess the adequacy of proposed strategies and instruments to the Company&#8217;s regulations.</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">c)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">assess and submit to the approval of the Executive Board the proposed details for derivatives transactions (volumes, target prices, and maturities, among other relevant variables).</TD></TR>
  </TABLE>
<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 11pt Arial, Helvetica, Sans-Serif; margin-top: 12pt; margin-bottom: 12pt; width: 100%">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 7.1pt">&nbsp;</TD>
    <TD STYLE="width: 28.35pt">d)</TD>
    <TD STYLE="text-align: justify; padding-right: 14.2pt">monitor the results of the transactions at least monthly.</TD></TR>
  </TABLE>
<P STYLE="font: 9pt Verdana, Helvetica, Sans-Serif; margin: 3pt 0; text-align: justify">&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;January 19, 2024</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>Catia Cristina Teixeira Pereira</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: Catia Cristina Teixeira Pereira </FONT></DIV>

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

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

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

<P>&nbsp;</P>

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

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

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

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

</DIV>

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