SABESP approved the 19th issue of simple debentures

             SABESP approved the 19th issue of simple debentures

PR Newswire

SAO PAULO, May 23, 2014

SAO PAULO, May 23, 2014 /PRNewswire/ -- Companhia de Saneamento Basico do
Estado de Sao Paulo - SABESP (BM&FBovespa: SBSP3; NYSE: SBS), in compliance
with Rule 358, of January 3, 2002, as amended, issued by 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 May
14, 2014, approved the 19^th issue of simple, unsecured and non-convertible
debentures, in a single series, for public distribution, with restricted
placement efforts, pursuant to CVM Rule 476, of January 16, 2009, as amended,
in the total amount of R$500,000,000.00 ("Debentures"and "Offer",
respectively).

The Offer will target qualified investors only, in compliance with Article 109
of CVM Rule 409, as of August 18, 2004, and its amendment, of Article 4 of CVM
Rule 476. According to Article 3 of CVM Rule 476, the Offer will be presented
to a maximum of 50 qualified investors, though the Debentures may only be
subscribed by a maximum of 20 qualified investors. The process of structuring
and distribution of the Debentures will be undertaken by a consortium of
financial institutions that are part of the securities distribution system.

The proceeds from theissue and offer of Debentures will be used to pay the
Company's financial commitments with due date to 2014 and 2015.

IR Contacts:

Mario Arruda Sampaio: (55 11) 3388-8664 (maasampaio@sabesp.com.br)
Angela Beatriz Airoldi: (55 11) 3388-8793 (abairoldi@sabesp.com.br)

SOURCE SABESP

Website: http://www.sabesp.com.br
 
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