Petrobras on Receiving Sépia Compensation

(Petrobras, 27.Apr.2022) — Petrobras received, at sight, the amount of R$14.55bn from TotalEnergies EP Brasil Ltda., Petronas Petróleo Brasil Ltda. and QP Brasil Ltda., related to the 70% stake of these companies in the Sépia compensation, block acquired by the consortium composed by Petrobras (30%), TotalEnergies (28%), Petronas (21%) and QP (21%) in the 2nd Bidding Round for the Transfer of Rights Surplus under the Production Sharing Regime, on 12/17/2021.

This amount already includes the preliminary estimate of the gross-up of the taxes levied, in accordance with the ordinance no. 08 of 04/19/2021 of the Ministry of Mines and Energy (MME), and may be updated when Petrobras calculates the capital gain from the transfer of assets to the Production Sharing regime.

____________________