Petrobras about the Amendment to Transfer of Rights Agreement

December 11, 2019 –

Petróleo Brasileiro S.A. – Petrobras following up on the release dated November 1, 2019, informs that, in alignment with its cash management strategy and in accordance with the provisions of the Amendment Term to the Transfer of Rights Agreement, paid
to the Federal Government the amount of R$ 34.420 billion (thirty-four billion four hundred and twenty million reais), related to the portion of the signing bonus for the acquisition of the Búzios area, occurred in the bidding round of the Transfer of Rights Surplus on November 6, 2019.
In view of this, the company received from the Federal Government, on today’s date, R$ 34.414 billion (thirty-four billion four hundred and fourteen million reais), referring to the payment provided for in the Amendment Term to the Transfer of Rights Contract, which was updated by the Selic rate until the payment date.

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