PETROBRAS BODs approves R$15bn shareholder remuneration

RIO DE JANEIRO, BRAZIL (By PETROBRAS, 10.Nov.2026, Words: 383) — PETROBRAS, pursuant to CVM Resolution No. 44/21, informs that its board of directors, at a meeting held today, approved the payment of shareholder remuneration in the amount of R$ 15.3bn, equivalent to R$ 1.18732774 per outstanding common and preferred share, as an anticipation of the remuneration to shareholders related to the fiscal year 2026, declared based on the balance sheet as of 30 Sep. 2026. 

The proposed distribution is aligned with the company’s Shareholder Remuneration Policy (Policy), which establishes that, in the event of gross debt equal to or less than the maximum debt level defined in the current strategic plan, observing other Policy conditions, PETROBRAS shall distribute to its shareholders 45% of the free cash flow. This distribution is consistent with the company’s financial sustainability. 

Record date: For holders of shares issued by Petrobras traded on B3, the record date will be 21 Dec. 2026. PETROBRAS shares will be traded ex-rights as of 22 Dec. 2026. 

Form of Payment: The remuneration will be paid in two installments in Feb. and Mar. 2027, as follows: 

Amount to be Paid: R$ 1.18732774 per outstanding common and preferred share, whereas:

(i) the first installment, amounting to R$ 0.59366387 per outstanding common and preferred share, will be paid on 22 Feb. 2027. 

(ii) the second installment, amounting to R$ 0.59366387 per outstanding common and preferred share, will be paid on 22 Mar. 2027. 

It is important to note that the amount of each installment will be updated by the variation of the Selic rate from 31 Dec. 2026, until the date of each payment, and that the values paid will be subject to withholding income tax, in accordance with the applicable tax legislation. 

Furthermore, such payments will be deducted from the shareholder remuneration to be approved at the 2027 Annual General Meeting regarding the 2026 fiscal year.

Form of distribution: The form of distribution of these amounts (whether as dividends and/or interest on equity) will be determined by 10 Dec. 2026 and will be timely communicated to the market. 

ADR holders: For holders of ADRs traded on the New York Stock Exchange (NYSE), the record date will be 23 Dec. 2026, and the payments of the first and second installments will be made, respectively, as of 1-29 Mar. 2027. 

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