June 17 – BRAVA ENERGIA S.A. (“Brava” or the “Company”) (B3: BRAV3), hereby informs its investors and the market in general that it has received, on this date, a request for arbitration from Westlawn Energia Brasil Ltda. (“Westlawn”), in which Westlawn claims, among other matters, that the transaction announced by the Company involving Ecopetrol and the ongoing public tender offer for shares issued by the Company could trigger Westlawn’s right of first refusal to acquire the Company’s interest in the Atlanta Field at market value, in addition to other related rights it deems applicable.
The Company and its advisors believe that the claims presented by Westlawn have no legal basis and are not supported by the applicable instruments.
The Company further informs that this matter does not affect its operations, financial capacity, regular activities, or the conduct of the Company’s business.
Therefore, although the Company considers that the subject matter of the notification is not, in itself, material given its complete lack of merit, the Company discloses this notice in observance of the principles of transparency and informational equality, in order to enable the Board of Directors to issue a full and reasoned opinion on the offer, pursuant to CVM Resolution No. 215.
Finally, BRAVA reiterates its commitment to keep investors and the market in general duly informed of any material developments regarding the matters subject to this Material Fact.
Brazil Energy Insight 
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