PetroquímicaSuape and Citepe sale process General Superintendence of the Administrative Council for Economic Defense (CADE) Decision

Rio de Janeiro, December 18, 2017 – Petróleo Brasileiro S.A. – Petrobras, pursuant to the press release disclosed on 10/11/2017, concerning the analysis of the sale of Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Textil de Pernambuco (Citepe), Petrobras wholly-owned subsidiaries, to Alpek, informs that, as published in the Official Federal Gazette today, the General Superintendence of the Administrative Council for Economic Defense (CADE) has concluded its opinion, recommending that the CADE Court approves the transaction subject to the execution of an Agreement on Concentration of Control (Acordo de Controle de Concentração – ACC).

The General Superintendence recommendation will be submitted to the Cade Court, which will  issue the final decision of the transaction.

In addition to the approval by CADE, the closing of the transaction is still subject to the fulfillment of other usual precedent conditions.

Petrobras will keep the market informed of any relevant decision.

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