Petrobras: Sale of Pasadena Refinery: Opportunity Disclosure - Teaser

Sale of Pasadena Refinery: Opportunity Disclosure - Teaser

Petrobras informs that it has started, through its affiliate Petrobras America Inc ("PAI"), the opportunity disclosure stage (“Teaser”) related to the sale of the Pasadena Refinery, located in the United States of America.

The opportunity encompasses Pasadena's entire refining operations system, including the refinery, with an oil processing capacity of 110,000 barrels per day and a storage capacity of 5.1 million barrels of oil and oil products, the maritime terminal, the logistics and associated inventory, as well as a strategically located land on the Houston Ship Channel for future expansion opportunities.

The transaction consists of the sale of PAI's stake in the following companies: Pasadena Refining System, Inc., PRSI Trading LLC and PRSI Real Property Holdings LLC.

The Teaser, which contains the main information on the opportunity, as well as objective criteria for the selection of potential participants in the process, is available on Petrobras website: http://www.investidorpetrobras.com.br/en/press-releases.

Besides the Teaser, the main subsequent phases of the company's divestment project will be disclosed, as detailed below:

· Start of the non-binding phase (if applicable);
· Start of the binding phase;
· Concession of exclusive negotiation (if applicable);
· Transaction approval by Senior Management (Executive Board and Board of Directors) and signature of contracts;
· Closing.

The disclosure to the market herein is in compliance with Petrobras' divestment methodology and is aligned with the guidelines of the Federal Accounting Court (TCU – Tribunal de Contas da União).

This material is being provided pursuant to Brazilian regulatory requirements, does not constitute an offering, under the U.S. securities laws, and is not a solicitation, invitation or offer to buy or sell any securities. The information on our website, which is accessible through hyperlink resulting