Petrobras – Favorable decision of CARF related to social contributions on remittances abroad for payments of vessel charters

Rio de Janeiro, January 29, 2019 – Petróleo Brasileiro SA – Petrobras informs that the Administrative Board of Tax Appeals (CARF) pronounced, on this date, by majority, favorable decision to the company regarding fiscal administrative proceedings, totaling the approximate amount of R$ 11.9 billion, resulting from tax assessments drawn up by the Brazilian Federal Revenue Office for the collection of CIDE-import (base year 2011), PIS / COFINS-import (base year 2011) and PIS / COFINS-import (base-year 2012) on remittances abroad for the payments of vessel charters. This decision does not change the expectation of possible loss.

The information regarding these proceedings is presented in the financial statements (ITR) of the 3rd quarter of 2018, through explanatory note 28 (Provisions for legal proceedings – item 28.3 – contigent liabilities).

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