Petrobras Oil & Gas B.V. divestment: Start of the non-binding phase

Rio de Janeiro, November 17, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact disclosed on 11/7/2017, informs the start of the non-binding phase related to the divestment process of 100% equity interest of Petrobras Oil & Gas B.V. (“POGBV”).

At this stage of the project, stakeholders who have signed the Confidentiality Agreement (“CA”) will receive a descriptive memorandum containing more detailed information about POGBV and will have access to the virtual data room, besides instructions about the divestment process, including guidelines for the preparation and submission of non-binding proposals.

In addition, the company reports that the deadline for signing the CAs provided in the opportunity discloser (Teaser) to access the technical, legal and financial information related to the divestment process will be December 22, 2017.

Thus, the access to the information related to POGBV will be granted for a minimum period of 30 days to all interested parties who have signed the CA.

The disclosure to the market herein is in compliance with Petrobras’ divestment methodology and is aligned with the guidelines of the Federal Accounting Court (TCU – Tribunal de Contas da União).

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