Petrobras – Update on Oil Workers’ Strike

11/04/2015

Rio de Janeiro, November 4, 2015 – Petróleo Brasileiro S.A. – Petrobras informs that the strike coordinated by the oil workers’ unions is still affecting its operations.

Yesterday, November 3rd, 2015, as forecasted by the Company, oil production fell by 178,000 barrels, equivalent to around 8.5% of daily output in Brazil.

With the measures taken by Petrobras to reduce the impact of the strike, the oil output in Brazil today, November 4th, is expected to have fallen by 140,000 barrels, 6.5% over pre-strike levels.

Petrobras keeps taking all necessary measures to ensure the maintenance of its operations, the preservation of its installations and the safety of its workers.

Any material facts will be timely disclosed to the market.

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