Petrobras Reports Reduction In Relevant Shareholding Interest

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(Petrobras, 4.Feb.2019) — Petrobras, in compliance with article 12 of CVM Instruction 358 of January 3, 2002 and Circular Letter CVM/SEP/No001/2017, informs that it was notified by the National Bank for Economic and Social Development (BNDES) and BNDES Participações SA (BNDESPAR), a wholly-owned subsidiary of BNDES, that BNDESPAR sold preferred shares issued by Petrobras, so the two institutions began to manage less than 20% of the preferred shares issued by the company, according to the information below.

I. BNDESPAR sold, between 11/07/2018 and 01/30/2019, 121,404,100 preferred shares, therefore BNDES and BNDESPAR jointly started securitizing the total of 1,120,246,354 preferred shares, falling below the level of 20% the total preferred shares issued by Petrobras;

II. The purpose of the shareholding is strictly for investment purposes, and does not aim to alter the shareholding control or the administrative structure of Petrobras;

III. BNDES and BNDESPAR have not entered into any contracts or agreements that govern the exercise of voting rights or the purchase and sale of securities issued by Petrobras;

IV. BNDES is enrolled with CNPJ/MF under No. 33.657.248/0004-21 and it is headquartered in Brasília, Federal District, at Centro Empresarial Parque Cidade, Setor Comercial Sul – SCS, Block 9, Tower C, 12 floor, and services office, in the city of Rio de Janeiro, State of Rio de Janeiro, at Avenida República de Chile no. 100. BNDESPAR is enrolled with the CNPJ/MF under No. 00.383.281/0001-09 and it is headquartered in Brasília, Federal District, at Centro Empresarial Parque Cidade, Setor Comercial Sul – SCS, Block 9, Tower C, 12 floor and services office, in the City of Rio de Janeiro, State of Rio de Janeiro, at Avenida República de Chile no. 100.

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