Petrobras BODs Approves Remuneration to Shareholders

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(Petrobras, 21.Nov.2024) — Petrobras‘ Board of Directors approved the payment of extraordinary dividends in the amount of R$20bn, equivalent to R$1.55174293 per common and preferred share in circulation, with R$15.6bn as intermediate dividends based on the capital remuneration reserve, and R$4.4bn as interim dividends.

The proposed distribution is aligned with the current Shareholder Remuneration Policy, which stipulates that Petrobras may distribute extraordinary remuneration to shareholders, provided that the financial sustainability of the company is preserved.

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Amount to be paid:  R$1.55174293 per common and preferred share in circulation, entirely in the form of dividends in a single installment.

Record date: on 11 Dec. 2024, for holders of shares issued by Petrobras traded on B3 and on 13 Dec. 2024, for holders of ADRs traded on the New York Stock Exchange (NYSE). Petrobras shares will be traded ex-rights on B3 as of 12 Dec. 2024.

Payment date: For holders of Petrobras shares traded on B3, the payment will be made on 23 Dec. 2024. ADR holders will receive the payment starting on 3 Jan. 2025.

It is important to note that this payment will be considered in the shareholder remuneration proposal for the fiscal year 2024 to be approved at the 2025 Annual General Meeting, with its amount adjusted by the Selic rate from the payment date until the end of the current fiscal year for the purpose of calculating the amount to be deducted.

According to Petrobras’ Shareholder Remuneration Policy, extraordinary dividends are considered regular dividends; and not special dividends.

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ENERGY ANALYTICS INSTITUTE (EAI) https://energy-analytics-institute.org

Energy Analytics Institute (EAI), formerly LatinPetroleum (dba LatinPetroleum.com), is a Houston-established private organization with a satellite presence in Calgary and Mexico City. Since 1999, EAI has been a leader in energy news coverage of Latin America in particular. Coverage, run out of Latin America, now spans the world and encompasses nearly all energy and energy-related sectors.

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