PetroquímicaSuape and Citepe Sale Process

Rio de Janeiro, February 22, 2017 – Petróleo Brasileiro S.A. – Petrobras, in addition to the material fact disclosed on January 31, 2017, informs that a Regional Federal Court issued a decision today to grant suspensive effect to Petrobras’ appeal in the divestment project regarding the sale of Companhia Petroquímica de Pernambuco (“PetroquímicaSuape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”).

With the favorable decision of the Court, Petrobras may continue with this divestment. The project is one of the five transactions which the contracts may be signed pursuant to the preventive order of the Brazilian Federal Accounting Court (TCU), as disclosed in the material fact announced on December 20, 2016.

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