Assignment of Rights of Piranema and Piranema Sul: Beginning of Binding Phase

Rio de Janeiro, April 24, 2018 – Petróleo Brasileiro SA – Petrobras, following the Relevant Fact of 09/03/2018, announces the beginning of the binding phase related to the sale of all its participation in the Campos de Piranema and Piranema Sul .

In this phase of the project, the letters of invitation are issued to the interested parties qualified in the previous phase, with instructions on the divestiture process, including the guidelines for conducting due diligence and for sending the binding proposals.

This particular project did not provide for the non-binding phase, as provided by Petrobras’ disinvestment system, which is in line with the guidance of the Brazilian Court of Audit (TCU).