Rio de Janeiro, June 1st, 2015 – Petróleo Brasileiro S.A. – Petrobras announces the pricing of its 100-year Global Notes denominated in U.S Dollars (U.S.$) issued by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) and unconditionally guaranteed by Petrobras. Closing is expected to occur on June 5th, 2015 and the terms of the issuance are as follows:

• Issue: 6.850% PGF Global Notes due 2115
• Amount: U.S.$ 2,500,000,000
• Coupon: 6.850%
• Interest Payment Dates: June 5th and December 5th
• Yield to Investors: 8.450%
• Maturity: June 5th, 2115
• Issue price: 81.070%

Deutsche Bank Securities Inc and J.P. Morgan Securities are the joint bookrunners for the transaction.

This press release is neither an offer to sell nor a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. PGF and Petrobras have filed a registration statement, including a prospectus, with the U.S. Securities and Exchange Comission (SEC). Before you invest, you should read the prospectus in that registration statement and other documents Petrobras and PGF have filed with the SEC for more complete information about the companies and the offering. You may access the documents by visiting EDGAR on the SEC Web site at http://www.sec.gov/. Alternatively, a copy of the prospectus and prospectus supplement may be obtained by contacting Deutsche Bank Securities Inc collect at +1 800-503-4611 or J.P. Morgan Securities LLC collect at +1 866 846 2874.