Petrobras Oil & Gas B.V. divestment: Start of the binding phase

03/08/2018

Rio de Janeiro, March 08, 2018 - Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 11/07/2017 and press release disclosed on 11/17/ 2017, hereby announces the start of the binding phase regarding the sale of 100% equity interest in Petrobras Oil & Gas B.V. (“POGBV”).

At this stage of the project, the process letters to the binding phase are issued to qualified interested parties, with the instructions about the divestment process, including the guidelines to finalize due diligence and submit binding offers.

The present disclosure to the market is pursuant to Petrobras' divestment program and is aligned with the guidelines of the Federal Accounting Court (TCU).