Petrobras – Investor Relations

Petrobras

Investor Relations

Additional Clarifications on the acquisition of Suzano Petroquímica

(Rio de Janeiro, August 6, 2007). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces that in the light of the acquisition of Suzano Petroquímica and pursuant to Article 256 of Law 6,404/76, PETROBRAS will convene an Extraordinary General Shareholders Meeting to ratify the Share Purchase Contract, signed between the Companies on August 3 2007.

Furthermore, in accordance with the prevailing legislation, holders of PETROBRAS’ common shares may manifest their dissent at the said EGM and, in this case, shall be entitled to reimbursement of the value of their shares pursuant to Article 137, II of Law 6,404/76. The corresponding value eventually to be reimbursed to the dissenting shareholder shall be announced by PETROBRAS on the publication of the convening notice to the EGM in question, always in accordance with requirements of Article 45 of the Corporate Law. Petrobras informs that those shareholders who may exercise their right of dissent in the deliberations of the EGM must be able to substantiate that they were holders of common shares on the date of the publication of the press release subject of the EGM’s deliberations, namely August 3 2007.

As a matter of information, Petrobras wishes to notify that the current stated book value of its shares was R$ 23.64 for the baseline date of March 31 2007.

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