Petrobras approves payment of shareholder remuneration

August 1, 2019

Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors, at a meeting held today, approved the distribution of anticipated remuneration to shareholders as interest on equity, in the total gross amount of R$ 2,608,840,252.20, corresponding to R$ 0.20 per outstanding common and preferred share.

The payment will be made on October 4, 2019 and shareholders will be entitled to this remuneration as follows:

1. The record date for owners of Petrobras shares traded on B3 will be August 12, 2019, and for holders of American Depositary Receipts (ADRs) traded on the New York Stock Exchange – NYSE will be August 14, 2019.

2. Petrobras’ shares will be traded ex-dividends on B3, NYSE and BCBA as of August 13, 2019.

3. Holders of PBR and PBRA ADRs will receive the payment through The Bank of New York Mellon, ADR depositary bank, as of October 14, 2019.

This amount anticipated as interest on equity, adjusted by the Selic rate from the date of payment until the end of the year, will be considered as a component of the minimum mandatory dividend for 2019, including the minimum dividend owed to preferred shares.

According to the Brazilian law, the distribution of interest on equity is subject to the deduction of withholding income tax, except for shareholders whose registered data proves to be immune or exempt, or shareholders domiciled in countries or jurisdictions for which the law establishes different treatment.

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