Petrobras announces commencement of cash tender offers

July 1, 2019 – Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR) announces that its wholly-owned subsidiary, Petrobras Global Finance B.V. (“PGF”), has commenced cash tender offers to repurchase certain of its outstanding U.S. Dollar-, Euro- and Pound Sterling-denominated notes (the “Tender Offers”).

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