Sabesp Requests Prior Analysis for Public Offering of the 11th Issue of Debentures

Thursday, February 25, 2010 Corporate News
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SAO PAULO, Feb. 24 Companhia de Saneamento Basico do Estado de Sao Paulo - Sabesp (NYSE: SBS; BM&FBovespa: SBSP3), pursuant to the provisions of Instruction 358, of January 3, 2002, of the Brazilian Securities and Exchange Commission, as amended, hereby informs its shareholders and the market in general that it was filed at the Brazilian Association of Financial and Capital Market Entities (ANBIMA) on February 22, 2010, as set forth by CVM Instruction 471, of August 8, 2008, the request for prior analysis of the registration of the public offering of the 11th Issue of Debentures (the "11th Issue"), in the amount of nine hundred million reais (R$900,000,000.00), in two series, the first series in the amount of six hundred million reais (R$600,000,000.00) with a maturity term of five years and the second series in the amount of three hundred million reais (R$300,000,000.00) with a maturity term of three years.

The structuring process is being conducted through a pool of financial institutions under the leadership of BB Banco de Investimento S.A. (the "Lead Coordinator"), in the capacity of Lead Coordinator, also having as coordinators Caixa Economica Federal, HSBC Corretora de Titulos e Valores Mobiliarios S.A. and Banco Votorantim S.A. (jointly with the Lead Coordinator, Caixa and HSBC, the "Coordinators"). The 11th Issue will be filed at CVM pursuant to CVM Instruction 400, of December 29, 2003, as amended ("CVM Instruction 400"), and CVM Instruction 480, of December 7, 2009.

In due course, a notice to the market will be published, in accordance with Article 53 of CVM Instruction 400, including information on: (i) the other characteristics of the Offering; (ii) the places for obtaining the Offering prospectus; (iii) the scheduled dates and places for disclosure of the Offering; and (iv) the conditions, procedures and date for the bookbuilding process. The Offering will commence after the respective registration is granted by CVM.

The funds obtained through the 11th Issue will be used for redemption of the 4th Issue of Promissory Notes, in the amount of nine hundred million reais (R$900,000,000.00), on the issue date.

For further information, please contact: Mario Arruda Sampaio Phone: (55 11) 3388-8664 E-mail: [email protected] Angela Beatriz Airoldi Phone: (55 11) 3388-8793 E-mail: [email protected]

SOURCE Sabesp


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