SBS Companhia Sanea

SAO PAULO, March 31, 2016 /PRNewswire/ -- Companhia de Saneamento Basico do Estado de Sao Paulo – Sabesp pursuant to CVM Instruction 358 of January 3, 2002, and amendments thereto, hereby informs its shareholders and the market in general that, on March 31, 2016 ARSESP published the following Resolutions:

• Resolution nº 640 authorizing the cancellation, starting from consumption readings beginning on May 1, 2016 of  the Contingency Tariff, applied to the water bill; and

• Resolution nº 641 authorizing the cancellation, starting from consumption readings beginning on May 1, 2016, of the Water Consumption Reduction Incentive Program, which granted a discount bonus to the water and sewage bill – Bonus.

Resolutions nº 640 and nº 641 are available on Sabesp Investor Relations' and ARSESP's websites.

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

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/sabesp-announces-approval-of-the-cancellation-of-the-bonus-program-and-of-the-contingency-tariff-300244531.html

SOURCE Sabesp