Petrobras announces the Settlement of the Early Redemption of Series of Notes maturing in 2018

Rio de Janeiro, Brazil – June 22, 2017 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), further to the announcement released in June 20, 2017, has concluded the redemption of its 2.750% Global Notes due 2018, 5.875% Global Notes due 2018 and 4.875% Global Notes due 2018.

The total amount of the redemption of the notes was equivalent to approximately US$ 1.84 billion, not including accrued interest and considering an exchange rate of US$1.1149/€ for the euro notes. The redemption was funded with the proceeds of the notes offering completed on May 22, 2017.

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