Petrobras Updates On Divestment Of Liquigás: Start Of Non-Binding Phase

(Petrobras, 10.May.2019) — Petrobras, following up on the release dated 04/09/2019, announces the beginning of the non-binding phase related to the sale of Liquigás Distribuidora S.A.

At this stage of the project, the interested parties who have signed the Confidentiality Agreement will receive a detailed memorandum containing more information about the asset, as well as instructions on the divestment process, including guidelines for preparing and submitting non-binding proposals.

In addition, Petrobras informs that it has revised the compliance requirements for the admission of participants, and therefore potential investors that meet the eligibility criteria may express interest in the transaction until 05/17/2019. This revision is included in the item “Additional Information Regardingthe Process” of the new Teaseravailable athttp://www.petrobras.com.br/ir.

This disclosure is in compliancewith Petrobras’ Divestment Methodology, which is in line with the special regime for the divestment of assets by federal mixed-capital companies, provided for in Decree 9.188/2017.This operation is in linewith the company’s portfolio optimization and improvement of capital allocation, aiming at creating value for shareholders.

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