SABESP Approves the 17th Debentures

                     SABESP Approves the 17th Debentures

PR Newswire

SAO PAULO, Nov. 14, 2012

SAO PAULO, Nov. 14, 2012 /PRNewswire/ -- Companhia de Saneamento Basico do
Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), one of the
largest water and sewage service provider in the world based on the number of
customers,pursuant to Rule No. 358, dated January 3, 2002 , as amended, of
the Brazilian Securities and Exchange Commission ("CVM"), hereby informs its
shareholders and the market in general that SABESP's Board of Directors
meeting held on November 13, 2012 approved the 17th issuance of unsecured,
non-convertible debentures, in the amount of up to R$1,000,000,000.00, in up
to three series, for public offering ("17th Issuance" and "Offering",
respectively). The final amount of the issuance and the amount to be allocated
for each of the series will be defined according to the bookbuilding process
("Bookbuilding Process") that will be carried out and pursuant to the
communicating vessels system.

The structuring process of the 17th Issuance is being conducted by a syndicate
of financial institutions led by BB - Banco de Investimento S.A. and with
Banco Bradesco BBI S.A. acting as joint bookrunner. The Offering will be filed
at CVM pursuant to Rule No. 400, dated December 29, 2003, as amended, of CVM
("Rule No. 400").

The Company will opportunely publish a notice to the market, in accordance
with Article 53 of Rule No. 400, providing information on: (i) the other
characteristics of the Offering; (ii) the places where the Offering prospectus
can be obtained; (iii) the estimated dates and places in which the Offering
will be disclosed; and (iv) the conditions, procedures and date applicable to
the Bookbuilding Process. The Offering will be initiated after obtainment of
the relevant registry with the CVM, the relevant announcement of commencement
is published and the definitive Prospectus is made available to investors, as
set forth in Rule No. 400.

The proceeds obtained from the 17th Issuance will be used to pay the Company's
financial obligations in 2013, including the early redemption of debentures
issued by the Company, and/or to pay other debt(s) of the Company.

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

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