BlackRock Notifies Petrobras Of Relevant Shareholding Position

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(Petrobras, 6.Dec.2018) — Petrobras, in compliance with article 12 of CVM Instruction no. 358, dated of 1/3/2002, was notified by BlackRock, Inc. that the latter has acquired preferred shares issued by the company and as of December 4, 2018 it manages share interests of approximately 5% of preferred shares issued by Petrobras, thus qualifying as a relevant holder of shares in the company’s capital stock, as per the information below.

I. share interests held by BlackRock reached a combined 247,138,734 preferred shares and 16,694,503 American Depositary Receipts (ADRs), which represent preferred shares, to a total of 280,527,740 preferred shares, equivalent to approximately 5% of total preferred shares issued by the company, and 1,927,900 cash-settlement derivative financial instruments referenced by preferred shares, which represent approximately 0.03% of total preferred shares issued by the company;

II. the purpose of the aforementioned share interests is strictly investment, whereas there is no intention to alter shareholding control or the administrative structure of Petrobras;

III. BlackRock did not celebrate any contracts or agreements governing the exercise of voting rights or the purchase and sale of securities issued by Petrobras;

IV. BlackRock has registered headquarters at 55 East 52nd Street, New York City, New York State, 10022-0002, United States of America.

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