CESP - COMPANHIA ENERGÉTICA DE SÃO PAULO

Publicly Listed Company

Taxpayer Identification Number CNPJ: 60.933.603/0001-78

NIRE: 35300011996 | CVM (Brazilian Securities & Exchange Commission) 2577

MATERIAL FACT

CESP - COMPANHIA ENERGÉTICA DE SÃO PAULO ("CESP" or "Company"), pursuant to article 157, Paragraph 4, of Law No. 6,404/76 ("Brazilian Corporation Law") and CVM Resolution No. 44/21, in continuity with the Material Facts disclosed by the Company on October 18th, 2021, October 21st, 2021, November 24th, 2021, December 10th, 2021, January 3rd, 2022, January 10th, 2022, January 24th, 2022, February 4th , 2022, February 15th, 2022, February 16th, 2022, and February 25th, 2022, regarding the corporate reorganization ("Reorganization"), hereby informs its shareholders and the market in general that the end of the period for submission of information and documents for purposes of withholding income tax by CESP's non-residentshareholders ("Foreign Shareholders") who fail to exercise their right to withdrawal within the scope of the merger of shares issued by the Company into VTRM Energia Participações S.A. ("VTRM" and "Merger of Shares", respectively), originally set for March 18, 2022, according to the Notice to Shareholders published on February 15th, 2022, was extended to March 28th, 2022, so that the negotiations carried out on March 25th, 2022, inclusive, are considered.

In view of the tax liability attributed to VTRM for their income tax, which value will be offset against the amount payable on the account of redemption of compulsorily redeemable preferred shares to be issued by VTRM upon implementation of the Merger of Shares, Foreign Shareholders who do not exercise their right to withdraw within the scope of the Merger of Shares must present to the Company the necessary information and documents, according to deadlines and procedures disclosed on this date to shareholders by means of a notice to shareholders available at the websites of the Company (https://ri.cesp.com.br/), of CVM (https://www.gov.br/cvm/pt-br) and of B3 (https://www.b3.com.br/pt_br/).

Therefore, the Company presents below the updated schedule of the main upcoming events related to the Merger of Shares, subject to the non-occurrenceof the reconsideration of the transaction, pursuant to article 137, Paragraph 3, of the Brazilian Corporation Law, and noted that tentative dates are presented in relation to the events that are subordinated, as the case may be, to the resolutions and confirmations applicable by the Boards of Directors of the Company and/or VTRM and to the other steps determined under the terms of the "Private Instrument of Protocol and Justification of the Merger of Shares of CESP - Companhia Energética de São Paulo by VTRM Energia Participações S.A." ("Protocol and Justification"):

DATE

EVENT

03.18.2022

End of the term for exercise of withdrawal rights by CESP

shareholders dissenting from the resolution on Merger of

Shares at the ESM 02.15.22, according to the Notice to

Shareholders of CESP published on 02.15.2022

03.23.2022*

Holding of the CESP and VTRM Board of Directors Meetings

to, as applicable and pursuant to the Protocol and

Justification, declare the conditions of the Merger of Shares

and the Redemption of VTRM Preferred Shares (including, as

applicable, any adjustments to the Replacement Ratio and

the Redemption Amount, the number of CESP shares to be

merged and the number of New VTRM Shares to be issued)

and to determine the Closing Date

03.25.2022*

Closing Date

03.25.2022*

Payment of the reimbursement amount to CESP's

shareholders dissenting from the resolution on Merger of

Shares at the ESM 02.15.2022, in accordance with the Notice

to Shareholders of CESP published on 02.15.2022

03.25.2022*

CESP's shares last trading day at B3

03.28.2022*

VTRM shares start to be traded at B3

03.28.2022,

End of the period for submission by Foreign Shareholders

until 12 p.m.

who do not exercise their right of withdrawal of information

and documents for purposes of withholding income tax by

VTRM within the scope of the Merger of Shares, according

to the Notice to Shareholders of CESP published on

03.11.2022

03.30.2022*

Credit of VTRM Common Shares to CESP shareholders who

do not exercise their right to withdraw

As of 04.04.2022*

Payment of the Redemption Amount

  • Tentative date, subject, as applicable, to resolutions and confirmations by the Boards of Directors of the Company and/or VTRM, to the measures determined under the Protocol and Justification.

CESP will keep the market informed about subsequent facts related to the Reorganization, in accordance with the law and CVM rules.

São Paulo, March 11th, 2022.

Mario Bertoncini

Chief Executive and Investor Relations Officer

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CESP – Companhia Energética de São Paulo published this content on 11 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 March 2022 22:03:47 UTC.