Petrobras – Sale of 90% equity interest in TAG: Start of the non-binding phase

Rio de Janeiro, October 23, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 9/5/2017, informs the start of the non-binding phase regarding the sale process of 90% of its stake in Transportadora Associada de Gás S.A. (“TAG”), a wholly-owned Petrobras subsidiary. At this stage of the project, the descriptive memorandum is sent to interested parties qualified in the previous phase, with additional information about the assets in question, as long as the instructions about the divestment process, for preparation and submission of non-binding proposals. The present disclosure to the market is pursuant to Petrobras’ divestment program and aligned with the guidelines of the Federal Accounting Court (TCU).

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