Rio de Janeiro, July 1st, 2015 – Petróleo Brasileiro S.A. – Petrobras, in compliance with article 157, § 4º of Act 6.404, of December 15th, 1976, as amended, and Normative Instruction no. 358 of January 3rd, 2002, from the Brazilian Securities Commission – CVM, as amended, announces that its Executive Board, in a meeting held in June 30th, 2015, has authorized the preparation of studies in order to analyze strategic alternatives for Petrobras Distribuidora S.A. (BR), its wholly-owned subsidiary.

Among the possibilities to be explored, it is attracting a strategic partner and the public offering, making this subsidiary a listed company in a special segment of BM&FBovespa stock market called Novo Mercado – New Market and in compliance with corporate governance practices.

This initiative is part of Petrobras´ Divestment Plan and, if this offering occurs, it will be through secondary public offering of shares issued of the referred company.

All necessary acts to the public offering are subjected to approval of Petrobras´ and Petrobras Distribuidora´s internal departments, as well as to analysis and approval of the respective regulatory entities, supervisors and authorities, according to applicable law.

The present notice will not be considered as an announcement of public offering and its preparation will depend on favorable conditions of domestic and international stock markets.

Facts considered relevant on the matter will be timely communicated to the market.