Petrobras clarifies negotiations with the State of Rio de Janeiro to refinance debts

Petróleo Brasileiro S.A. – Petrobras, in relation to reports in the press about negotiations to refinance tax disputes with the state of Rio de Janeiro, clarifies that the amounts mentioned in the reports are not debt, but rather amounts under discussion in administrative and judicial proceedings, motivated by differences of understanding between the state tax authorities and the company. Petrobras argues that it is not appropriate to charge such amounts, based on technical and legal assessments, and offers the guarantees provided for in the legislation when necessary.

Petrobras points out that, within the scope of managing tax contingencies, it analyzes the technical, economic and legal aspects of the Tax Debt Settlement Programs published by the Federal Government, States and Municipalities, in accordance with the Tax Policy approved by its Board of Directors.

To this date, the state of Rio de Janeiro has not published a law establishing a Debt Regularization Program with the conditions and credits eligible for adhesion and there is no decision by the company on this matter. Material facts will be promptly disclosed to the market.