August 17, 2020
Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) (NYSE: PBR)
announces the commencement of an offer (the “Exchange Offer”) by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”) to exchange up to U.S.$4,115,281,000 aggregate principal amount of PGF’s newly issued 5.093% Global Notes due 2030 (CUSIP/ISIN: 71647N BE8 /
US71647NBE85) (the “New Notes”) registered under the Securities Act of 1933, as amended, for an equal principal amount of PGF’s issued and outstanding 5.093% Global Notes due 2030 (CUSIPs/ISINs: 71647N BF5; US71647NBF50 / N6945A AL1; USN6945AAL19) (the “Old Notes”). The
Exchange Offer is being made pursuant to an exchange offer prospectus, dated August 17, 2020 (as may be amended or supplemented, the “Prospectus”) which sets forth in more detail the terms and conditions of the Exchange Offer.