Sale of Pasadena Refinery: Start of the non-binding phase

03/08/2018

Rio de Janeiro, March 8, 2018 – Petróleo Brasileiro S.A. - Petrobras, further to the Material Fact released on 02/06/2018, announces the beginning of the non-binding phase related to the sale of the companies that integrate the Pasadena refining system, in the United States, through its affiliate Petrobras America Inc ( PAI).

At this stage of the project, the interested parties who have signed the Confidentiality Agreement will receive a descriptive memorandum with additional information about the assets in question, as well as instructions on the divestment process, including guidelines for preparing and submitting non-binding proposals.

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