Injunction issued on Parque das Baleias arbitration

04/03/2018

Rio de Janeiro, April 3, 2018 - Petróleo Brasileiro S.A. – Petrobras, further to the press release disclosed on 7/6/2015 and 7/17/2015, reports that it has been granted a favorable precautionary decision in the arbitration proceedings established before the National Agency of Petroleum, Natural Gas and Biofuels (ANP) in connection to Parque das Baleias, which addresses the possibility of unifying the fields.

In the decision issued yesterday, the Arbitral Tribunal moved away the need for deposit or payment of the amounts referring to the difference of special participations upon the offer of guarantees, to be agreed between Petrobras and ANP.

The information concerning the charge made by ANP, which corresponds to the difference in special participation between 2Q 2014 and 4Q 2017, in the approximate amount of R$ 8 billion, is included in explanatory note 30.3 – Contingent liabilities, civil nature, of the 4Q 2017 financial statements (DFP).

The company will continue to discuss the legal merit on the unification of the Parque das Baleias fields before the Arbitral Tribunal.

Facts deemed relevant on this issue will be timely disclosed to the market.