Petrobras informs about shareholder remuneration

Petróleo Brasileiro S.A. – Petrobras informs that its Board of Directors (CA), in a meeting held today, authorized the submission to the Annual General Meeting (AGM), scheduled for April 16, 2025, of the proposal for the distribution of dividends equivalent to R$ 9.1 billion. If approved by the AGM, considering the amounts advanced by the Company throughout the year, duly adjusted by the Selic rate, shareholder remuneration related to the 2024 fiscal year will total R$ 75.8 billion, comprising R$ 73.9 billion in dividend and interest on equity (JCP) distribution and R$ 1.9 billion in share buybacks.

The proposed distribution is aligned with the current Shareholder Remuneration Policy (Policy), which establishes that, in the event of gross debt equal to or less than the maximum debt level defined in the current strategic plan, and subject to the other conditions of the Policy, Petrobras shall distribute 45% of its free cash flow to shareholders. This distribution is consistent with the financial sustainability of the company.

The proposed dividends for the year already account for adjustments by the Selic rate on the dividends and JCP advanced for the 2024 fiscal year, amounting to R$ 0.6 billion, which have also been deducted from the total shareholder remuneration. Additionally, it is worth noting that no share buybacks occurred during the fourth quarter.

The proceeds will be paid in two installments in May and June 2025, as follows:

Amount to be paid: R$ 0.70954522 per outstanding common and preferred share, distributed as follows:

1. he first installment, amounting to R$ 0.35477261 per outstanding common and preferred share, will be paid on May 20, 2025, entirely in the form of dividends.
2. the second installment, amounting to R$ 0.35477261 per outstanding common and preferred share, will be paid on June 20, 2025, entirely in the form of dividends.

 Record date: April 16, 2025, for holders of Petrobras shares traded on B3, and record date on April 22, 2025, for holders of ADRs traded on the New York Stock Exchange (NYSE). Petrobras shares will be traded ex-rights on B3 starting April 17, 2025.

Payment dates: for holders of Petrobras shares traded on B3, the first installment will be paid on May 20, 2025, and the second installment on June 20, 2025. ADR holders will receive payments starting May 28, 2025, and June 27, 2025, respectively.

 It is important to highlight that the amounts of each installment will be updated by the variation of the Selic rate from December 31, 2024, until the payment date. Income tax will be levied on this monetary adjustment, as per current legislation.

The Shareholder Remuneration Policy can be accessed on the company’s website (http://www.petrobras.com.br/ir ).