Petrobras – Investor Relations

Petrobras

Investor Relations

Introduction of a Complaint¿s Procedure

(Rio de Janeiro, August 30, 2005). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA], a Brazilian international energy company, announces that it is making available, in a preliminary phase, a procedure for the receipt of complaints and other information relating to possible irregularities or improprieties in the accounting records and processes of the company, as well as other accounting-financial and/or auditing issues.

From today on, any person including stockholders, employees, suppliers and customers of Petrobras or of companies under its control, that identifies the existence of an irregularity or impropriety regarding accounting-financial and/or auditing issues may communicate it to the Audit Committee of the company by sending a message to ouvidoria@petrobras.com.br or mailing it to Av. República do Chile, 65 / 23rd Floor - CEP. 20.031-912 - Rio de Janeiro – RJ, to the Ombudsman. All relevant details should be supplied to allow investigation of the related facts.

If the complaint is made by a Petrobras employee, the company will guarantee the anonymity of the informant. When mail is used for correspondence, this should be sent in a sealed envelope. There is no need for the sender to provide identification.

These procedures will be implemented in all the countries where Petrobras and its subsidiaries operate, always taking into account local laws, including those rules that protect the rights of individuals referred to in the complaints.

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