Rio de Janeiro, October 14, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby responds of Official Letter 407/2015/CVM/SEP/GEA-1, as transcribed below:

Official Letter 407/2015/CVM/SEP/GEA-1

We refer to the news item published in the Painel section of the October 11, 2015 edition of the newspaper Folha de São Paulo, entitled Painel, which states, among other matters, that:

No deadline. After giving up on offering an IPO of BR Distribuidora in December, Petrobras was sought out by Chinese and European investors interested in acquiring a stake in the subsidiary. According to government insiders, these negotiations are ongoing.

Goal. The initial idea is to sell less than 25% of the distribution company so that there will be sufficient to offer when the IPO is resumed. However, there is as yet no certainty that an IPO will take place during such difficult market conditions as those currently prevailing.

Given the above, we would like you to confirm if the content of this news item is in fact true and, if so, why such information was not deemed to constitute a material fact.”

Clarification

Petrobras informs that its Executive Board authorized the search for a strategic partner for Petrobras Distribuidora S.A. (BR), its wholly-owned subsidiary. This decision will be analyzed by its Board of Directors on its next meeting.

On july 1st, 2015, the search for a strategic partner for Petrobras had already been disclosed as one of the alternatives for BR.