Petrobras on stakes in power generation companies

June 4, 2020

Petróleo Brasileiro S.A. – Petrobras informs that it has started the
opportunity disclosure stage (teaser), regarding the sale of its stakes in five power generation companies: Brasympe Energia S.A. (Brasympe), Energética Suape II S.A. (Suape II), Termoelétrica Potiguar S.A. (TEP), Companhia Energética Manauara S.A. (CEM) and Brentech Energia S.A.
(Brentech).

The teaser, which contain key information about the assets, as well as the eligibility criteria for selection of potential participants, is available here – 2020 06 – power portfolio – teaser_english_vf

The main subsequent stages of the sales process will be informed in due course to the market.

This disclosure complies with Petrobras’ divestment guidelines and the special regime of asset divestment by federal mixed capital companies, provided for in Decree 9,188/2017.

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

About the companies
Petrobras owns 20% of Brasympe, which in turn owns 60% of Termocabo S.A., which owns a fuel oilfired thermoelectric plant located in Pernambuco, with an installed capacity of 49.7 MW.

Petrobras owns 20% of Suape II, which owns a fuel oil-fired thermoelectric plant located in Pernambuco, with an installed capacity of 381.25 MW.

Petrobras holds 20% of TEP, which is a holding company with a 60% stake in Companhia Energética Manauara S.A. (CEM) and 70% in Areia Energia S.A. and Água Limpa Energia S.A., owners of small hydroelectric plants, located in Tocantins, with installed capacity of 11.4 MW and 14 MW, respectively.

Petrobras holds 40% of the CEM, which has a bi-fuel (diesel and natural gas) thermoelectric plant located in Amazonas with 85.4 MW of installed capacity.

Petrobras owns 30% of the Brentech, owner of the Usina Termelétrica Goiânia II diesel-powered, located in Goiás, with an installed capacity of 140.3 MW.

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.

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