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Petrobras – Divestment in the Fertilizer Sector: Start of the binding phase

Rio de Janeiro, December 19, 2017 – Petróleo Brasileiro S.A. – Petrobras, further to the Material Fact of 09/11/2017 and press release of 09/28/2017 and 10/27/2017, informs the start of the binding phase regarding the process of divesting 100% of its assets in Araucária Nitrogenados SA (“ANSA”) and in the Nitrogen Fertilizer Unit III (“UFN-III”).

At this stage of the project, the invitation letters are issued to interested parties qualified in the previous phase, with detailed instructions about the divestment process, including the guidelines to conduct due diligence and submit binding proposals.

The present disclosure to the market is pursuant to Petrobras’ divestment program and is aligned with the guidelines of the Federal Accounting Court (TCU).

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