Petrobras – Clarification on News – Complement: Sale process of Termobahia stake

Rio de Janeiro, September 6, 2017 – Petróleo Brasileiro S.A. – Petrobras reports that it received on 9/4/2017, Official Letter No. 304/2017/CVM/SEP/GEA-1, which requests the following clarification:

Official Letter No. 304/2017/CVM/SEP/GEA-1

“Dear Sir,

We refer to Official Letter no. 290/2017/CVM/SEP/GEA-1 and the communication to the market, filed via System, on 8/21/2017, in response to the aforementioned letter.

In this respect, we request a statement from the company regarding the alleged injunction granted by the Federal Court of Sergipe, temporarily suspending the sale of 50% Termobahia by Petrobras for the French company Total, as well as to comment on other information deemed important on the subject.”


Petrobras, in addition to the clarification disclosed on 8/21/2017, reports that it has not yet received the subpoena letter rogatory in connection to said popular interest suit.

However, it reports that, on the grounds of judicial measure filed by the Federal Government, the President of the Federal Regional Court of the 5th Region suspended yesterday the injunction previously granted by the 3rd Federal District Court of Sergipe.

With the decision, the effects of the sale of 50% stake of Petrobras to Total in Termobahia, including the thermal plants Rômulo de Almeida and Celso Furtado, located in Bahia, as disclosed through material fact on 3/1/2017, are upheld, and the parties are fully compliant with the precedent conditions of the purchase and sale contract.

Petrobras upholds its commitment to adopt all the appropriate judicial measures to ensure its interests and the interests of its shareholders.

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