Rio de Janeiro, October 29, 2015 – Petróleo Brasileiro S.A. – Petrobras hereby announces that its competent bodies will appreciate the proposed terms for the signature of new amendments to the naphtha supply agreements to Braskem, allowing supply to continue during negotiations for a long-term contract.

Petrobras has been negotiating with Braskem for more than two years, seeking a balanced and equitable solution for both companies.

Any material facts will be timely disclosed to the market.