Sabesp - Material Fact

SÃO PAULO, March 19, 2020 /PRNewswire/ -- Companhia de Saneamento Básico do Estado de São Paulo - Sabesp ("Company" or "Sabesp") in compliance with the provisions of Article 157, Paragraph 4 of Law 6,404/76 and the provisions of CVM Instruction 358/02, informs to its shareholders and the market in general that, in a meeting held today, the Executive Board approved:

            i)               Proposal to exempt customer
                               categories consumption of
                               "Residencial Social" and
                               "Residencial Favela (Shantytown)",
                               registered on March 19, 2020, from
                               paying water/sewage bills. This
                               exemption will be valid for 90 days
                               for bills issued as of April 1,
                               2020, and will cover all
                               municipalities operated by the
                               Company;



            ii)              To preserve the Company's economic
                               and financial sustainability, the
                               impact on its revenue should be
                               offset by reducing expenses, and
                               through budget adjustments;


             iii)             Submit the matter to be ratified by
                               the Company's Board of Directors,
                               the competent body to resolve on
                               the subject and, subsequently; and



            iv)              Notify the São Paulo State Sanitation
                               and Energy Regulatory Agency
                               (Agência Reguladora de Saneamento e
                               Energia do Estado de São Paulo).

The Company will keep the market informed of any developments on the subject matter of this Material Fact.

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

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SOURCE Sabesp