Petrobras -Stage of negotiations with Alpek on the sale of Petroquímica Suape and Citepe

Rio de Janeiro, November 3, 2016 – Petróleo Brasileiro S.A. – Petrobras, in continuation of the relevant facts disclosed on 07/28/2016 and 09/27/2016, informs that the negotiation with Alpek to sell its participation in Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe) has advanced in good terms.

Once the steps provided under Petrobras’ divestment process are completed, the final terms and conditions of the transaction will be submitted for deliberation by the Company’s statutory bodies and, if approved, will be timely disclosed to the market.

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