Petrobras announces beginning of binding phase regarding the sale of Liquigás

Rio de Janeiro, June 20, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the release dated 05/10/2019, announces the beginning of the binding phase related to the sale of Liquigás Distribuidora S.A.

At this stage of the project, process letters are issued to qualified interested parties with detailed instructions about the divestment process, including guidelines to conduct due diligence and submit binding proposals.

This disclosure is in compliance with Petrobras’ divestment methodology, which is in line with the special regime for the divestment of assets by federal mixed-capital companies, provided for in Decree 9.188/2017. This operation is in line with the company’s portfolio optimization and improvement of capital allocation, aiming at creating value for shareholders.

This report on Form 6-K shall be deemed to be incorporated by reference into the Preliminary Prospectus Supplement, dated June 10, 2019, relating to the previously announced offer by Caixa Econômica Federal of common shares, including common shares represented by American depositary shares, of Petróleo Brasileiro S.A. – Petrobras.

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