Petrobras on arbitration

Petróleo Brasileiro S.A. – Petrobras, following up on the releases disclosed on July 21 and 29 and August 26, 2020, hereby informs that a judicial decision was issued at the end of yesterday, October 8, determining the continuity of the arbitration instituted by Fundação Petrobras de Seguridade Pessoal (Petros) and Caixa de Previdência dos Funcionários do Banco do Brasil (Previ) before the Market Arbitration Chamber (MAC) of B3.

With respect to the rules of the MAC, the lawsuit is processed in secret of justice.

Petrobras reiterates that it will continue to seek the annulment of the partial sentence, due to its serious flaws and improprieties, and will continue to defend itself vigorously, in respect to its shareholders, in all arbitrations to which it is a party.

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