Studies for Amendment of Petrobras’ Dividend Distribution Rules

03/15/2018

Rio de Janeiro, March 15, 2018 – Petróleo Brasileiro S.A. – Petrobras reports that its Board of Directors ordered that studies are carried out for amendments to the Company's Bylaws in connection to the clause on allocation of results, to establish quarterly payments of Dividends or Interest on Capital as well as allow the payment of interim dividends to the profit reserve account, within the applicable legal provisions.

The results of the study, if approved by the Company's Board of Directors, will be submitted to deliberation at the General Meeting of Shareholders.

This initiative reaffirms Petrobras’ commitment to the continuous improvement of its corporate governance and to the generation of value to its shareholders, without losing focus on the company’s debt reduction and financial sustainability targets.