Petrobras Resolutions of the Extraordinary General Meeting

March 04, 2020

Petróleo Brasileiro S.A. – Petrobras informs that the  Extraordinary General Meeting, held today, at 3:00 pm, in the auditorium of the Company’s Headquarters, Avenida República do Chile, 65 – 1º floor , in the city of Rio de Janeiro (RJ), analyzed and approved, by majority vote, the following:

1. Merger of Petrobras Negócios Eletrônicos S.A. (e-PETRO)  into Petrobras to:

(1)    Confirm Loudon Blomquist Auditores Independentes (Loudon) as Petrobras’ contractor to prepare the relevant e-PETRO’s Evaluation Report, at book value, pursuant to paragraph 1 of article 227 of the Act 6404, of 12.15.1976;

(2)    Approve the Evaluation Report prepared by Loudon at book value regarding e-PETRO’s shareholders’ equity;

(3)    Approve all terms and conditions of the Merger Proposal and Basis, entered into by and between e-PETRO and Petrobras on 12.05.2019;

(4)    Approve the merger of e-PETRO into Petrobras, with consequent extinction of the former, without increasing Petrobras’ share capital; and

(5)    Authorize Petrobras’ Executive Board to perform all acts required for the merger to be effective and for the absorbing company and absorbed company situations to be made regular before relevant authorities.

1. Amendments to Petrobras’ By-Laws and respective consolidation of the By-Laws, to amend Articles 18, paragraph 5,  , 22, 23, 30, 34, 60, 63, 64 and 65 as proposed by Management. In addition, the proposed amendments to Article 18, paragraph 7, and Article 21 were taken off from the agenda pursuant to the controlling shareholder´s  vote and were not considered in this Meeting.

III. Election of the member of the Board of Directors Maria Cláudia Guimarães,  indicated by the controlling shareholder.