Petrobras releases teaser for sale of assets in Colombia

March 06, 2020

Petróleo Brasileiro S.A. – Petrobras reports that it has started the opportunity disclosure
stage (teaser), referring to the sale of its fuel and lubricant distribution and marketing businesses in Colombia.

This project aims to sell 100% of the shares held by Petrobras International Braspetro B.V. (PIB BV) and other Petrobras subsidiaries, in Petrobras Colombia Combustibles (PECOCO), a company that operates in the distribution segment in the country.

The teaser, which includes key information about the opportunity, as well as the eligibility criteria for selection of potential participants, is available on the Petrobras website: https://www.investidorpetrobras.com.br/en/results-andnotices/teasers.

The main subsequent stages of the project will be reported to the market in due course.
This disclosure is in accordance with Petrobras’ divestment guidelines.

This transaction is in line with the portfolio optimization and the improvement of the company’s capital allocation, aiming at maximizing value for its shareholders.

About the assets in Colombia
In Colombia, Petrobras operates, through PECOCO, in the gasoline, diesel, and lubricant distribution and marketing market, through a network of 124 service stations and 7 storage units, one of which is in Puente Aranda.

This material is being provided pursuant to Brazilian regulatory requirements, does not constitute an offering, under the U.S. securities laws, and is not a solicitation, invitation or offer to buy or sell any securities.

The information on our website is not and shall not be deemed part of this report on Form 6-K.