Petrobras approves public offering of debentures

Petróleo Brasileiro S.A. – Petrobras announces that its Executive Board, in a meeting held on this date, pursuant to item VII of Article 34 of its Bylaws, approved the 8^th (eighth) issuance of simple debentures, not convertible into shares, in up to three series, unsecured, in the total amount of R$ 3,000,000,000.00 (three billion reais) (“Debenture Issuance”), which will be the subject of a public distribution offering, pursuant to the Brazilian Securities and Exchange Commission (“CVM”) Resolution No. 160, dated July 13, 2022; Law No. 12,431, dated June 24, 2011 (“Law No. 12,431”); Decree No. 11,964, dated March 26, 2024 (“Decree No. 11,964”); Law No. 6,385, dated December 7, 1976; as well as other applicable legal and regulatory provisions (“Offering”).

The funds raised through the Debenture Issuance will be allocated, pursuant to Article 2, Paragraph 1 of Law No. 12,431, and Decree No. 11,964, the National Monetary Council Resolution No. 5,034, dated July 21, 2022, and CMN Resolution No. 4,751, dated September 26, 2019, as amended or under subsequent regulations that modify, replace, or complement them, to cover costs, expenses, or debts related to investments in the priority projects to be described in the Debenture Issuance Deed. The filing of the Offering registration request with the CVM, along with all required documents, will be carried out in due course.

This Material Fact is for informational purposes only, pursuant to applicable legislation, and should not be interpreted or considered, for all legal purposes, as a sales and/or disclosure material for the Debenture Issuance and/or the Offering.

Any material developments regarding the Debenture Issuance and the Offering will be promptly disclosed to the market.