Decree excludes equity stakes held by Petrobras from PND


Rio de Janeiro, October 20, 2017 - Petróleo Brasileiro S.A. – Petrobras informs
that Decree no. 9,173, of 10/18/2017, has been issued, excluding the minority
equity stakes held by Petrobras in Deten Química S.A. and Braskem S.A. from the
National Privatization Program (Programa Nacional de Desestatização, PND), as
published in the Official Federal Gazette yesterday.

Such exclusion is due to the fact that these stakes, that the ownership passed
to Petrobras as a result of the incorporation of Petroquisa, were made available
to BNDES to promote their sale, in the 1990s.

With the aforementioned Decree, all of the shares held by Petrobras in such
companies that were blocked by the National Privatization Fund are now free and
clear for eventual sale, pursuant to the strategy defined in its Business and
Management Plan.

The equity stakes are as follows:

BRASKEM:
Total ON shares held by Petrobras: 212.426.952
ON shares unblocked: 109.987 (0,05% do total)

DETEN:
Total ON shares held by Petrobras: 11.881.301.212
ON shares unblocked: 11.045.129.367 (93% do total)

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www.petrobras.com.br/ir
Contacts:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department | e-mail:
petroinvest@petrobras.com.br
Av. República do Chile, 65 – 10th floor, 1002 – B – 20031-912 – Rio de Janeiro,
RJ | Phone: 55 (21) 3224-1510 / 3224-9947

FORWARD-LOOKING STATEMENTS
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Company’s Annual Report on Form 20-F for the year ended December 31, 2016, and
the Company’s other filings with the U.S. Securities and Exchange Commission.