Petrobras – Court ruling on the sale of equity interest in BR Distribuidora

Rio de Janeiro, May 8, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the material fact disclosed on 12/5/2016, reports that it was informed today of the decision by the federal court of Sergipe state to dismiss, without prejudice, the popular interest suit aiming to suspend the sale process of equity interest in its subsidiary BR Distribuidora.

The dismissal results from a petition filed by Petrobras based on the decision issued by the Federal Accounting Court (TCU), which authorized the company’s divestment program to continue and ordered the application of a revised methodology to divestment projects, per material fact disclosed on 3/15/2017.

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