July 24, 2025 – Petróleo Brasileiro S.A. – Petrobras, in relation to news reported in the media regarding a petition filed with the Administrative Council for Economic Defense (CADE), hereby announces that it has requested to join as a third party in the merger review proceedings evaluating the possible purchase of shares in NSP Inv., a subsidiary of Novonor S.A. (“Novonor”) which controls Braskem S.A., by Nelson Tanure.
According to the rules set forth in the Braskem Shareholders´ Agreement, entered into between Petrobras and Novonor, Petrobras has preemptive and tag-along rights in the event of a direct or indirect sale of the shares held by Novonor in Braskem.
It should be clarified that Petrobras became aware, through a press release published by Braskem on July 17, 2025, of CADE´s approval of a potential transaction involving Novonor´s stake in Braskem. For this reason, the company requested that the competition agency allow it to join the proceedings as an interested third party, considering its rights under the aforementioned Shareholders´ Agreement.
Petrobras also informs that it is awaiting CADE´s decision on its request to join the aforementioned proceedings.
Finally, the Company reaffirms that no decision has been made regarding its stake in Braskem and that decisions on investments and divestments are based on careful analysis and technical studies, in compliance with governance practices and applicable internal procedures.
Brazil Energy Insight 
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