Companhia de Saneamento Básico do Estado de São Paulo SABESP : MINUTES OF THE 971st BOARD OF DIRECTORS’ MEETING - Form 6-K

MINUTES OF THE 971^st BOARD OF DIRECTORS' MEETING

On January 23, 2022, at 11:00 a.m., the undersigned members of the Company's Board of Directors met via video conferencing at the call of the Chair of the Board of Directors, Mario Engler Pinto Junior, on an extraordinary basis, under the main section and paragraph 6 of article 13 of the Bylaws of Companhia de Saneamento Básico do Estado de São Paulo - SABESP ("Company"), at Rua Costa Carvalho, no. 300, Pinheiros, in the city and state of São Paulo, to resolve on the agenda below. We registered that Luiz Fernando Beraldo Guimarães, Chief of Staff of the CEO's Office, and Gerson Y. Yamanishi, Management Analyst, participated in the meeting.

At the start of the meeting, the Chair offered the floor to the Chief Financial Officer and Investor Relations Officer, Osvaldo Garcia, and to the Head of Capital Markets and Investor Relations, Mario Azevedo de Arruda Sampaio, who presented the only item on the agenda, (time: 15'), based on the Executive Board's Resolution 0269/2022, of June 15, 2022, Internal Communication FI 31/2022, of June 6, 2022, and the PowerPoint presentation, all of which were filed in the meeting's electronic folder. After being discussed and voted, according to item XXII of article 14 of the Company's Bylaws, the Board members unanimously approved the authorization to contract a financing ("Financing") with the International Finance Corporation ("IFC"), an institution of the World Bank Group, under the following terms and conditions:

1.	Borrower: Companhia de Saneamento Básico do Estado de São Paulo - Sabesp.

2.	Creditor: IFC.

3.Type and Currency: external financing denominated in Brazilian reais.

4.	Guarantee: unsecured credit transaction.

5.	Withholding Income Tax: exempt.

6.Value of the Financing: up to seven hundred and sixty million reais (R$760,000,000.00).

7.Term and Grace Period: up to ten (10) years and six (6) months, with a grace period of up to twelve (12) months.

8.	Interest Payment: semi-annual.

9.	Amortization Payment: semi-annual.

10.Use of the Funds: (i) investments related to the New Pinheiros River program to clean up the Pinheiros River, in the city of São Paulo; (ii) investments for the improvement of sanitation services in the coastal regions of the São Paulo State; and (iii) investments for the improvement of water supply in municipalities located in the coastal areas of the São Paulo State and the suburbs of the city of São Paulo.

11.Interest rate: 100% of the CDI, plus a spread of up to 2.00% per year.

12.

Fees:

Companhia de Saneamento Básico do Estado de São Paulo CEO's Office R. Costa Carvalho, 300 - Pinheiros - CEP 05429-900 - São Paulo - SP Phone: [phone] www.sabesp.com.br

·	One-time front-end Fee: in dollars, equivalent to seven million and six hundred thousand reais (R$7,600,000.00);

·	Commitment Fee: 1.00% p.a. on the non-disbursed and non-canceled portion of the Financing value;

·	One-time front-end Appraisal Fee: up to seventy-five thousand dollars (US$75,000.00); and

·	Supervision Fee: fifteen thousand dollars (US$15,000.00) per year.

13.	Financial covenants:

·	Net Debt / Adjusted EBITDA Ratio ≤ 3.50x; and

·	Interest Coverage Ratio ≥ 2.35x.

14.Applicable Law and Jurisdiction: New York law, jurisdiction in the New York courts.

The Board of Directors also authorized the members of the Executive Board, under the legal and statutory provisions, to take any acts related to the Financing, including, but not limited to:

a.	Contracting and executing the Financing with IFC under the conditions described above;

b.	Taking any measures that, at its discretion, are necessary or desirable for the contracting and achievement of the Financing; and

c.	Executing agreements and documents related to the achievement of the Financing, such as the "Loan Agreement" and other necessary contracts, including the conditions that, at its discretion, are deemed appropriate, to issue certificates and to provide statements, as applicable; and

d.	Hiring, appointing, and designating a process agent ("Process Agent");

The following limit was set for the development and achievement of the Financing: reimbursable expenses to IFC of up to three hundred and sixty-five thousand dollars (US$365,000.00), and expenses directly incurred by the Company of seven hundred and fifty thousand reais (R$750,000.00). The payment of all the aforementioned fees was approved. RCs 10936439, 10936440, and 10936441.

Finally, the Board of Directors ratified all the acts previously performed by the Executive Board regarding the Financing.

After the floor was offered to anyone who intended to speak and, as there were no other pronouncements, the Chair, Mario Engler Pinto Junior, adjourned the meeting for the drawing up of these minutes, which were read, found to be in compliance, signed by me, Marialve de Sousa Martins, Executive Secretary of the Board of Directors, and by the following attending Board members: MARIO ENGLER PINTO JUNIOR, BENEDITO PINTO FERREIRA BRAGA JUNIOR, CLAUDIA POLTO DA CUNHA, EDUARDO DE FREITAS TEIXEIRA, FRANCISCO LUIZ SIBUT GOMIDE,

Companhia de Saneamento Básico do Estado de São Paulo CEO's Office R. Costa Carvalho, 300 - Pinheiros - CEP 05429-900 - São Paulo - SP Phone: [phone] www.sabesp.com.br

FRANCISCO VIDAL LUNA, LEONARDO AUGUSTO DE ANDRADE BARBOSA, LUIS EDUARDO ALVES DE ASSIS, MARCELO MUNHOZ AURICCHIO, RONALDO COPPA, and WILSON NEWTON DE MELLO NETO.

This is a free English translation of the minutes drawn up in the Book of Minutes of the Board of Directors.

São Paulo, June 23, 2022.

Mario Engler Pinto Junior	Marialve de Sousa Martins
Chair of the Board of Directors	Secretary of the Board of Directors