December 15, 2025 – Petróleo Brasileiro S.A. – Petrobras informs that it has been notified by Novonor S.A. – Em Recuperação Judicial (“Novonor”) and NSP Investimentos S.A. (“NSP Inv.”), a subsidiary of Novonor, regarding the execution of an “Exclusivity Agreement with Shine I Fundo de Investimento em Direitos Creditórios de Responsabilidade Limitada (‘FIDC’), a credit rights investment fund managed by Vórtx Capital Gestora de Recursos Ltda. and advised by IG4 Sol. Ltda., granting FIDC a period of 60 (sixty) days to conclude the negotiation of a potential transaction with Novonor involving (i) shares issued by Braskem S.A. (‘Braskem’) held by NSP Inv. and (ii) the credits held by certain financial institutions against the Novonor group, which are guaranteed by the aforementioned shares of Braskem (‘Credits’ and ‘Creditors’, respectively), in a structure to be negotiated and defined in good faith between the respective parties involved (‘Potential Transaction’)”.
According to the rules set forth in Braskem’s current shareholders’ agreement, Petrobras has preemptive and tag-along rights, applicable in certain cases involving the transfer of shares held by NSP Inv. in Braskem. Petrobras will follow the developments of the reported event and analyze the terms and conditions of this Potential Transaction in order to decide, if applicable and at the appropriate time, whether or not to exercise these rights provided for in the shareholders’ agreement.
The company also informs that it has been evaluating the signing of a new shareholders’ agreement with the parties involved, considering the ongoing negotiations between Novonor and FIDC.
Petrobras reiterates that any final decision will follow the company’s governance practices, applicable internal procedures, and approvals from regulatory agencies, and will be promptly disclosed to the market.
Brazil Energy Insight 
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