SABESP Announces New Executive Officers

SAO PAULO, Jan. 27, 2011 /PRNewswire/ -- Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one of the largest water and sewage service providers in the world based on the number of customers, in compliance with the CVM Rule 358 of January 3, 2002, announces that its Board of Directors in a meeting held on January 27, 2011, elected Mrs. Dilma Seli Pena and Mr. Luiz Paulo de Almeida Neto to the positions of the Company's Chief Executive Officer and Regional Systems Officer, respectively, to complete current term of office to expire on June 18, 2011. In addition, according to Paragraph 2 of Article 8 of the Company's Bylaws, as Mrs. Dilma Seli Pena is precluded from performing the position of Chairwoman of the Board of Directors, she suggested, with the consent of the Board of Directors, Mr. Mario Engler Pinto Junior to temporarily replace her at the chairmanship of the Board of Directors until the next General Shareholders' Meeting.

The Chief Financial Officer and Investor Relations Officer, Mr. Rui de Britto Alvares Affonso and other members of the Board of Executive Officers remain in their positions until the expiration of current term of office.

SOURCE SABESP

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