Petrobras informs about the withdrawal of the arbitration initiated in Argentina against the company

Rio de Janeiro, June 14, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 09/12/2018, informs that the General Arbitration Court of the Buenos Aires Stock Exchange (“Arbitral Tribunal”) acknowledged the withdrawal of the arbitration initiated against the company (and other legal entities and individuals) by Consumidores Financieros Asociación Civil para su Defensa (“Association”) .

The Arbitral Tribunal ruled on the withdrawal of the arbitration by the Association grounded on the lack of payment of arbitration fees within the established period.

An appeal filed by the Association is pending before the Argentinean Courts. If this decision becomes final, the arbitration will be dismissed.

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