Brava Energia signs sale agreement with Petroreconcavo for gas midstream asset in Rio Grande do Norte

BRAVA ENERGIA S.A. (“BRAVA” or the “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, hereby informs its investors and the market in general that, on this date, it has entered into an Asset Purchase and Sale Agreement (the “Agreement”) with PETRORECONCAVO S.A. (“PetroReconcavo”), regarding the sale of 50% of (i) the Natural Gas Processing Units II and III, (ii) the Livramento/Guamaré gas pipeline and (iii) the Liquefied Natural Gas (LNG) storage spheres, which together comprise the natural gas midstream infrastructure located at the Industrial Asset of Guamaré, in the Potiguar Basin, in the state of Rio Grande do Norte, Brazil.

The transaction value is US$65 million, with 10% paid on the date of execution of the Agreement, 25% payable within 10 business days from the approval of the transaction by the Brazilian Antitrust Authority (Conselho Administrativo de Defesa Econômica – “CADE”), 50% payable at closing, subject to the satisfaction of certain precedent conditions, and the remaining 15% payable in installments, according to the completion of specific milestones related to the real estate transfer process.

The Agreement provides, among other conditions: (i) the establishment of operational committees with members from both companies, with Brava acting as the operator of the consortium; (ii) the sharing of utilities and services from the Industrial Asset of Guamaré, which support the operation of the UPGNs; and (iii) the execution of a gas purchase commitment, under which Brava will purchase natural gas from PetroReconcavo for a period of five years, starting in the second half of 2025 (average contracted volume of 150 Mm³/day during the term of the agreement).

The partnership between Brava and PetroReconcavo in the midstream natural gas infrastructure in Rio Grande do Norte aims to enhance efficiency, maximize asset utilization, and reduce operating costs.

Finally, Brava reinforces its commitment to keep its investors and the market in general properly informed, in line with best corporate governance practices and in strict compliance with current legislation.