Clarification on News: Agreement signed between Petrobras and the Federal Prosecutor’s Office of Paraná (Lava-Jato Task Force)

Rio de Janeiro, April 25, 2019 – Petróleo Brasileiro S.A. – Petrobras informs that it received the Official Letter No. 141/2019/CVM/SEP/GEA-1, which requests the following clarification:

Official Letter No 141/2019/CVM/SEP/GEA-1

“Dear Executive Officer,

We refer to the Relevant Fact published by the issuer on 09-27-2018, the Market Communication of 01-30-2011, and the report published on 03-13-2019 by the newspaper ‘O Estado de São Paulo’ under the title ‘For Raquel, task-force agreement breaches the division of powers’, which includes information that the Federal Prosecutor-General (PGR) had filed a lawsuit with the Federal Supreme Court (STF), requesting the abrogation of the agreement signed between the prosecutors of the ‘Lava Jato’ task force in Curitiba and Petrobras, on the creation of a foundation to manage funds from fines paid by the company under a lawsuit in the United States.

In view of the time elapsed since the disclosure of the news and other documents mentioned on the matter under discussion, we request a statement with the updates deemed relevant on the subject.”

Clarification

In compliance with Official Letter No. 141/2019/CVM/SEP/GEA-1, with regards to the Agreement on Assumption of Commitments (“Agreement”) entered into with the Federal Prosecutor’s Office (“MPF”), in the amount of US$ 682.6 million, corresponding to 80% of the value of the resolution entered into with the Department of Justice (“DoJ”) and the Securities and Exchange Commission (“SEC”) in the United States, being the subject of a Market Communication of 01-30-2019, the Company presents the following update.

On 03-12-2019, an Arbitration for Non-Compliance with Fundamental Precept (ADPF) was filed with the Federal Supreme Court by the Federal Prosecutor-General (PGR), which was registered under No. 568-PR.

On 15.03.2019, the Rapporteur of the ADPF, Min. Alexandre de Moraes, awarded the injunction filed to “suspend all effects of the court decision handed down by the 13th Federal Court of Curitiba, which approved the Agreement of Assumption of Obligations signed between Petrobras and the Federal Attorney-General’s Office of Paraná (Lava-Jato Task Force) as well as the effectiveness of the agreement itself.” The suspension lasts until the present date, although there has not been any final decision of merit on the matter.

In contact with the Federal Attorney General’s Office, PGR and MPF, Petrobras was fully available to seek a mutually agreed solution, involving not only those bodies, but also the Government Accountability Office of the Audit Office of the Union. On this matter, the MPF issued a note on 03-12-2019, including the following: “Thus, the Lava Jato task force in the MPF/PR informs that it has been negotiating with the Federal Attorney General and Petrobras and has chosen to propose, at the court that approved the agreement, the suspension of the procedures to establish the foundation that would provide a purpose of public interest to the funds deposited in a judicial account. The Government Accountability Office and the Audit Office of the Union shall also be consulted”.

The information on the progress of the ADPF, as well as the aforementioned MPF opinion are public and can be accessed through the STF and the MPF websites, respectively.

Facts deemed relevant shall be timely disclosed to the market.

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