Petrobras announces start of non-binding phase for the sale of Breitener Energética S.A.

Rio de Janeiro, June 26, 2019 – Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 06/11/2019, announces the beginning of the non-binding phase for the sale of 93.7% of its interest in Breitener Energética S.A., located in the state of Amazonas.

The potential investors qualified for this phase will receive instructions on the divestment process, including guidelines for the elaboration and submission of non-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 our shareholders.

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