Petrobras clarifies on injunction decision to suspend TAG divestment

— Rio de Janeiro, May 27, 2019 – Petróleo Brasileiro S.A. – Petrobras, in relation to the news published in the media, clarifies that it has not yet been summoned of the injunction issued by Supreme Court Judge Edson Fachin, determining the suspension of the competitive process for the sale of 90% of the company’s stake in Transportadora Associada de Gás S.A. (“TAG”), therefore reinstating the decision of the Federal Court of the 5th Region that had suspended its sale on June 5, 2018.
Petrobras will evaluate the decision and will act appropriately on behalf of its investors and its own interests.
Petrobras reinforces the importance of the divestments through portfolio management to reduce its level of indebtedness and to generate value, in line with its 2019-2023 Business and Management Plan and Resilience Plan.

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