Rio de Janeiro, November 17, 2015 – Petróleo Brasileiro S.A. – Petrobras announces that the unions are analyzing the proposal presented by the Company.

Until now, 10 of the 17 unions communicated their approval of Petrobras’ proposal and the end of the strike in their respective bases. Nevertheless, there are still ongoing manifestations in certain units.

Since November 09, the impact on oil daily output stabilized at around 100,000 barrels, corresponding to approximately 5% of total production in Brazil. Daily natural gas production was reduced by 1.5 million cubic meters or 3% of the market’s availability.

Despite the effect on Brazil’s oil and gas production, market supply is not being affected.

During this entire period, Petrobras has been taking all the appropriate legal measures to ensure the maintenance of its operations, the preservation of its installations and the safety of its workers.

Any facts regarding this matter deemed to be material will be disclosed to the market in a timely manner.