PURSUANT TO RULE 13a-16 OR 15d-16 OF THE
São Paulo, S.P., 05429-900
Federative Republic of Brazil
annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F ______
in paper as permitted by Regulation S-T Rule 101(b)(1)__.
in paper as permitted by Regulation S-T Rule 101(b)(7)__.
Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes ______ No ___X___
registrant in connection with Rule 12g3-2(b):
COMPANHIA DE SANEAMENTO BÁSICO DO ESTADO DE SÃO PAULO – SABESP
PUBLICLY-HELD COMPANY
Corporate Taxpayer’s ID (CNPJ): 43.776.517/0001-80
MATERIAL FACT
Companhia de Saneamento Básico do Estado de São Paulo – Sabesp (“SABESP” or “Company”), pursuant to Instruction 358 issued by the Brazilian Securities and Exchange Commission (CVM) on January 3, 2002, as amended, hereby informs its shareholders and the market in general that the Company’s Board of Directors approved on this date a tariff adjustment of 2.3509%, in compliance with ARSESP Resolution 406 and Article 28 of the Tariff System Regulation approved by State Decree no. 41446, dated December 16, 1996.
The Company also announces the following:
a) The Regulation and Supervision Rate of 0.5% approved by Resolution 406 will be applied immediately after the conclusion of the operational adjustments necessary for the inclusion of this rate in the bills in the municipalities where it will be charged.
b) On April 4, 2013, filed a Request for Reconsideration at ARSESP, related to the terms of Resolution 406, with the objective of protecting the Company’s interests within the ongoing Tariff Review process.
The full version of the Request for Reconsideration is available in the Investor Relations section of Sabesp’s website.
c) On this date, ARSESP informed the Company that its Executive Board approved Resolution 413, which envisages the cancellation of the validity of Resolution 407, postponing authorization for the pass-through to the service bill of the municipal charges provided for by law that must be included in the Tariff Review upon disclosure of the final result of Sabesp’s Tariff Review, in compliance with the Program Agreements and the Agreements for the Provision of Water Supply and Sewage Services.
The full version of ARSESP Resolution 413 is available in the Investor Relations section of Sabesp’s website.
São Paulo, April 19, 2013.
Rui de Britto Álvares Affonso
Chief Financial and Investor Relations Officer
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Companhia de Saneamento Básico do Estado de São Paulo - SABESP | ||
| By: | /s/ Rui de Britto Álvares Affonso
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Name: Rui de Britto Álvares Affonso
Title: Chief Financial Officer and Investor Relations Officer |
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.