Petrobras – Investor Relations

Petrobras

Investor Relations

Acquisition of Suzano Petroquímica Due Diligence process

(Rio de Janeiro, November 23, 2007). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces, in response to the information published today in the press, that the results of the Due Diligence process related to the acquisition of the shares owned by the controllers of Suzano Petroquímica are still under discussion.

Petrobras will keep its shareholders and the market informed about the course of this acquisition.     

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