Rio de Janeiro, August 6, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby announces that, due to the publication of Joint Ordinance RFB/PGFN n. 1064 and Regulatory Instruction 1576 on August 3, 2015, decided to include in said program the processes related to Financial Operations Tax on loans to its overseas subsidiaries related to 2007 and from 2009 to 2012, totaling R$2.8 billion.

The aforementioned editions allow for the inclusion of tax liabilities by taxpayers who had adhered to the Program in 2014, on its original dates.

In addition to the possibility of taking advantage of tax loss carryforwards in order to settle the tax contingency, the Program has the advantage of the reduction of fines and interest.

Notwithstanding the financial advantages for the settlement of tax liabilities, the eventual taking of the issue to the judicial sphere would require the constitution of guarantees, as well as a substantial increase in the amount of the debt over time due to interest and additional financial charges. Add to this the risk the cancellation of the Federal Tax Clearance Certificate related to those federal taxes, which would result in losses for the Company, for example by preventing it from importing and exporting oil and oil products.

Given the financial advantages offered, the Company therefore opted to include said liabilities in the Program, instituted by Law 12996/1, and, consequently, recognized in the income statement for the second quarter of 2015 the total amount of R$3.1 billion under tax expenses and R$1.3 billion under financial expenses.