PETRORIO – CHANGES IN SENIOR MANAGEMENT POSITIONS

MATERIAL FACT

CHANGES IN SENIOR MANAGEMENT POSITIONS

Rio de Janeiro, August 8, 2019 – Petro Rio S.A. (“Company” or “PetroRio”) (B3: PRIO3), in compliance with article 157 of Law 6404/1976, CVM instruction 358/2002, and article 26 of the Novo Mercado Regulation, announces to its shareholders and the market in that Mr. Blener Braga Cardoso Mayhew has resigned from his position as executive director, for personal reasons.

At a meeting held on this date, the Board of Directors has accepted the resignation, having Mr. Blener Mayhew retired from his duties of Chief Financial Officer, Investor Relations and Business Development Officer of the Company. On the same occasion, the Board of Directors has appointed Mr. Roberto Bernardes Monteiro, who has left the role of Chief Operating Officer and was thereby elected Chief Financial Officer. In addition, the Board has elected Mr. Francisco Francilmar Fernandes as Chief Operating Officer, and Mr. George Kassab to the position of Investor Relations Officer.

The Company’s Management thanks Mr. Blener Mayhew for the relevant services provided and expresses full support to the new executives, especially Mr. Francisco Francilmar, who was key to the Company’s turnaround, and Polvo Field´s 2018 Drilling Campaign.

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