Petrobras signs new Braskem Shareholders’ Agreement

 April 23, 2026 – Petróleo Brasileiro S.A. – Petrobras, following up on the announcement of April 20, 2026, informs that it has sent a notification to Novonor S.A. – Em Recuperação Judicial (“Novonor”), formally stating its decision not to exercise the Preemptive and Tag Along Rights provided for in the current Braskem S.A. (“Braskem”) Shareholders’ Agreement.

Petrobras also informs that it has signed a new Braskem Shareholders’ Agreement with Shine I Fundo de Investimento em Participações Multiestratégia Responsabilidade Limitada (“FIP”) to enhance governance and establish joint control between Petrobras and FIP at Braskem, including the obligation to obtain consensus between the parties on all resolutions of the Board of Directors and the General Meeting, and the right of each party to appoint an equal number of members to the Board of Directors and the Executive Board.

The Shareholders’ Agreement will be submitted to Braskem for the adoption of appropriate measures and will become effective as soon as the transfer of shares to FIP is completed. In addition to this initiative, Petrobras and FIP, in accordance with the new agreement, will submit the proposal for a new Bylaws for Braskem, whose effectiveness will follow Braskem’s applicable governance procedures.

Petrobras maintains its 36.1% interest in Braskem’s total capital, representing 47% of the voting capital.

Any material developments will be promptly disclosed to the market.