Clarification on News: Corporate Restructuring of Braskem S.A.

Rio de Janeiro, May 4, 2018 – Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media regarding alleged hiring of banks to carry out an offering of Braskem shares, clarifies that such information is not true.

Petrobras reaffirms the information, contained in the press release disclosed on January 19, 2018, that negotiations with Odebrecht S.A. to revise the terms and conditions of Braskem Shareholder’s Agreement currently in effect have evolved into studies with the purpose of carrying out a corporate restructuring with the unification of Braskem types of shares.

Petrobras further informs that, up to this date, there has been no deliberation by its competent corporate bodies authorizing the execution of any operation involving the alienation of the shares held by Petrobras at Braskem, as well as authorization to contract a syndicate of banks.

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