Sabesp -- MATERIAL FACT: Corporate Reorganization of Sabesp

USA - English

• Brazil - Português

SÃO PAULO, March 11, 2018 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo – Sabesp ("Companhia" ou "Sabesp"), pursuant to the provisions of Article 157, Paragraph 4 of Law No. 6404/76 and the provisions of CVM Instruction No. 358/02, informs to its shareholders and to Market in general that on last Friday (03/09/18) (during outside office hours) the São Paulo State Government (GESP - Governo do Estado de São Paulo) received from a group of investors a letter aiming the potential acquisition of part of the shares, that will be held by GESP, to be issued by the Holding Company ("HoldCo") referred to by Law 16.525/2017. The letter will be assessed by the State Privatization Program's  Board (CDPED - Conselho Diretor do Programa Estadual de Desestatização), which has authority to decide for the continuity and conditions to incorporate HoldCo and the corporate reorganization of Sabesp. The transaction set forth in the letter is structured exclusively at the HoldCo level and will not affect the corporate control of Sabesp, which will remain held by GESP consistently with the provisions of the aforementioned state law. The identity of investors and the content of the letter will be kept under secrecy, in respect to the requirements of law set forth in the administrative procedure established by CDPED for the purposes of the transaction.

The State Law No. 16.525 of 2017 is available on https://www.al.sp.gov.br/repositorio/legislacao/lei/2017/lei-16525-15.09.2017.html. and at www.sabesp.com.br/investidores.

The company will keep the market updated on the progress of the matter within this Material Fact.

IR Contacts:
Mario Arruda Sampaio: (55 11) 3388-8664 ([email protected])
Angela Beatriz Airoldi: (55 11) 3388-8793 ([email protected])

SOURCE Sabesp (Companhia de Saneamento Básico do Estado de São Paulo)