Petrobras Updates On Change Of ADR Programs Custodian

(Petrobras, 21.May.2019) — Petrobras says the Brazilian Securities and Exchange Commission (CVM) has approved the change of the custodian bank of its ADR programs for common and preferred shares, which will be the responsibility of Banco Bradesco S.A. The remaining characteristics of the ADR programs will remain unchanged:

•Depositary Bank: The Bank of New York Mellon

•Classes of shares: Common and Preferred

•Ratio: 2:1 (two common shares represent one ADR -PBR)

2:1 (two preferred shares represent one ADR –PBR/A)

Asof today, investors willing to issue ADRs should deposit their shares under the custody of Banco Bradesco S.A.; User: 2653-0; Depositary Bank: The Bank of New York Mellon; Issuer: Petróleo Brasileiro S.A. –Petrobras, as follow:

1) Common Shares –Client 66/5 –RDE –Electronic Declaratory Registry-Nº RDE-R1900075; and

2) Preferred Shares–Client 67/3 –RDE –Electronic Declaratory Registry-Nº RDE-R1900076

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