Petrobras on favorable decision in arbitration 

Petróleo Brasileiro SA – Petrobras informs that it received, on this date, a favorable partial decision in one of the arbitrations proceeding before the Market Arbitration Chamber (CAM) of B3, initiated by foreign investors who claim financial losses caused by the facts revealed at Lava Jato.

This decision promoted the definitive exclusion of seventeen investors who did not prove their status as shareholders and, therefore, are not entitled to initiate a lawsuit against the company.

In compliance with CAM rules, this arbitration is confidential.

More information on this and other related cases can be found at Explanatory Note 15.6 of 3Q2020 Financial Statements, Form 20-F and Petrobras Reference Form.

Petrobras reiterates that it will continue to vigorously defend itself, in respect to its shareholders, in all arbitrations to which it is a party.

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