Petrobras concludes sale of the shares of São Martinho S.A.

Rio de Janeiro, February 16, 2018 – Petróleo Brasileiro S.A. – Petrobras, in continuity to the material fact announced on 02/23/2017, informs that its wholly-owned subsidiary Petrobras Biocombustível SA – PBIO sold on this date, through an auction at B3, 24,000,000 (twenty-four million) shares of São Martinho SA (SMTO3) held by the company, at the price of R$ 18.51 per share.

Petrobras further clarifies that, with the sale of 6.593% stake in the total capital of São Martinho S.A. it no longer holds any participation in this company.