Petrobras Revision of the Transfer of Rights Agreement – Negotiation Committee

Rio de Janeiro, November 8, 2017 – Petróleo Brasileiro S.A. –  Petrobras reports that it has created an internal committee to negotiate the Revision of the Transfer of Rights Agreement with representatives of the Federal Government (Ministry of Mines and Energy, Ministry of Finance, and National Agency of Petroleum, Natural Gas and Biofuels – ANP).

The members of the committee are the office-holders and representatives of the Executive Office of Exploration and Production, Solange da Silva Guedes and Joelson Falcão Mendes, and the Executive Office of Finance and Investor Relations, Ivan de Souza Monteiro and Bianca Nasser Patrocinio.

The Minority Shareholders Committee will follow the Revision process, and the final terms negotiated will be subject to approval by the competent bodies.

Facts deemed material in this matter shall be timely disclose to the market.

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