Petrobras on VAT tax (ICMS) in PIS/COFINS calculation basis

July 29, 2020

Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 07/21/2020, informs that the best estimate of the amounts to be recovered for the period from October 2001 to June 2020, considering the current calculation assumptions and the documental surveys, is R$ 16.9 billion, before the tax effects, which will be
recognized in the financial statements for the 2nd quarter of 2020.

The use of the credit will be made by offsetting with federal taxes, after the necessary regulatory procedures.

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