Petrobras on Revolving Credit Lines

July 27, 2020

Petróleo Brasileiro S.A. – Petrobras, following up on the press release
on 03/20/2020, informs that, as of today, it has made the partial prepayment of its Revolving Credit Lines, in the amount of US$ 3.5 billion. These resources will be available for new withdrawals, if
necessary.

“The US$ 8 billion withdrawal of the revolving credit lines was important in facing this moment of increased volatility. Our ability to react with resilience measures proved effective in getting us
through the crisis. We will continue working to make Petrobras an even more resilient and able to generate more value for its shareholders” commented Andrea Almeida, Petrobras’ Chief Financial
and Investor Relations Officer.

The operation will allow greater efficiency in cash management, in line with the company’s capital optimization strategy.

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