Petrobras informs about cancellation of treasury shares

Petróleo Brasileiro S.A. – Petrobras, pursuant to CVM Resolution 44/2021, informs its shareholders and the market in general that the company’s Board of Directors, at a meeting held on this date, decided to cancel all 155,468,500 preferred shares issued by the company held in treasury, without reducing the share capital¸ which were acquired under its last share buyback program.

Another 72,909 preferred shares and 222,760 common shares, all held in treasury prior to the Share Buyback Program, will also be cancelled.

As a result of the cancellation of shares, the Company’s share capital will be divided into 7,442,231,382 ordinary shares and 5,446,501,379 preferred shares, all without par value.

In due course, a proposal will be submitted to the General Meeting to update the heading of Article 4 of the company’s Bylaws, in order to reflect the new number of ordinary and preferred shares into which Petrobras’ share capital is divided.