Petrobras – Investor Relations

Petrobras

Investor Relations

Petrobras is wins of the Best Individual Investor IR Program Award

(Rio de Janeiro, June 15, 2005). – PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA], a Brazilian international energy company, announces that on June 13, at a ceremony held in São Paulo it received the award for the Best Investor Relations Program for Individual Investors presented annually by the American publication, Investor Relations Magazine: IR Magazine Brazil Awards 2005.

The IR Magazine Awards are recognized worldwide as the most prestigious and objective assessment of best performance in investor relations of listed companies. In Brazil, the Brazilian Institute of Economy of the Getúlio Vargas Foundation - FGV conducted the Investor Perception Study through an independent survey of a sample of 350 Brazilian equity market professionals – analysts and portfolio managers – as well as the opinion of 600 individual investors, members of the National Institute of Investors - INI.

In addition to this award, Petrobras received an honorable mention in three categories of the IR
Magazine Brazil Awards 2005:

• Grand Prix for the Best Investor Relations Program (component companies of the Ibovespa)
• Best Investor Relations Website
• Best Annual Report

These achievements are fruit of Petrobras’ incessant search for improving the relationship with its investors through greater transparency and balance in the disclosure of information, and enhancing the relationship with all its shareholders and other stakeholders. These successes are a clear reflection of the Company’s policy of prioritizing the individual investor.

We wish to thank all those participants who chose Petrobras in the survey and to share this further success with our investors, analysts and shareholders. We believe that these results are a clear indication of the correctness of the Company’s policy, this recognition being our greatest achievement.

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