Petrobras – Clarification on News: Cuts in Budget

Petrobras – Clarification on News: Cuts in Budget

06/24/2015

Rio de Janeiro, June 24th, 2015 – Petróleo Brasileiro S.A. – Petrobras´ response to Official Letter BM&FBovespa 2.206/2015-SAE that requests clarification as follows:

OFFICIAL LETTER 2.206/2015-SAE

We request clarification by June 24th, 9:00 AM, regarding the news’ content broadcasted by Agência Estado – Broadcast, on June 23rd, entitled “Sources: Cut in Petrobras’ budget will be about 25%” and other information considered relevant.”

Clarification

Petrobras clarifies that the 2015-2019 Business & Management Plan is still in preparation.

Announcements deemed relevant will be made to the market in a timely manner.

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