Petrobras

Public offering of Petrobras Distribuidora (BR) Shares

Rio de Janeiro, October 16, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on September 28, 2017, reports that the following were filed with the Securities and Exchange Commission of Brazil (“CVM”), on this date:

1) by Petrobras Distribuidora S.A. (BR), the request for registration as a publicly-held company pursuant to CVM Instruction 480, of December 7, 2009; and

2) by Petrobras, the request for registration for a secondary public offering of common shares issued by BR, to be held in Brazil, in the non-organized over-the-counter market, pursuant to CVM Instruction 400, on December 29, 2003, and other applicable legal and regulatory provisions, with international placement efforts, pursuant to the legislation in force in the country of each investor.

All acts necessary for the completion of the offer are subject to the review and approval of the internal offices of both companies, notably in regard to the price and percentage of shares to be offered, which is expected to be between 25% and 40% of equity interest owned by Petrobras in BR, as disclosed on September 28, 2017. The offer is also subject to registration at CVM and B3, which has to approve the request to join the New Market.

This communication should not be considered as an offer announcement, and said offering depends on registrations at CVM and B3, as well as favorable conditions of national and international capital markets.

Facts deemed relevant will be timely disclosed to the market.

Categories: Petrobras

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