Rio de Janeiro, July 12, 2016 – Petróleo Brasileiro S.A. – Petrobras, with respect to negotiations for the sale of its equity interest in Nova Transportadora do Sudeste, disclosed on May 12th, informs that the negotiations with the consortium headed by Brookfield,  continue, having been extended the period of exclusivity for completion of negotiations for another 30 days.

We reiterate that this transaction is still subject to approval of its final terms and conditions by the Executive Board and the Board of Directors of Petrobras, as well as the appropriate regulatory agencies.

Facts deemed relevant on the subject will be timely announced to the market.