Petrobras – Clarification about the Chief Strategy, Organization and Management System Officer

Rio de Janeiro, July 1, 2016 – Petróleo Brasileiro S.A. – Petrobras, with regard to the news items published about the new Chief Strategy, Organization and Management System Officer, announces that Mr. Nelson Luiz Costa Silva is currently the name appointed to occupy said position.

The Company highlights, however, that the creation of the new Strategy, Organization and Management System Department is still pending approval of the amendment to Petrobras’ Bylaws by the Annual Shareholders’ Meeting and the election of the new Director is subject, among others, to the approval of the Board of Directors, after the analysis of integrity and compliance criteria and other requirements applicable to the Executive Board member’s election.

See below the curriculum summarized:

Nelson Luiz Costa Silva – Has a degree in Naval Engineering by Escola Politécnica da Universidade de São Paulo in 1977 and attended the Specialization Course for Graduates (CEAG) of Fundação Getúlio Vargas in 1980. He has a career of more than 40 years, with an international experience of 25 years living in Mexico, Belgium, Japan, Argentina, France and England. For 17 years he occupied several executive positions in Vale, including global commercial officer of Iron Ore, based in Rio de Janeiro, Brussels and Tokyo. He also occupied the position of CEO of ALL-América Latina Logística in Buenos Aires and of CEO of Embraer Europe in Paris. In BHP Billiton, he occupied the position of global president of Aluminum and of commercial officer of Iron Ore, Coal and Manganese, based in London and later in Singapore. In 2009, Nelson Silva joined the BG Group as responsible for the group’s people and business in South America, including activities of exploration and production of oil and gas in blocks operated and not operated in Brazil and Bolivia (one third of BG Group’s total), gas distribution and activities of offshore transshipment in Uruguay. He occupied the position of chairman of Comgás from October 2009 until its divestment by BG in November 2012. He remained as BG’s CEO in Brazil until the recent sale of the group to Shell.

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