Pre-payment of debt and New Financing with China Development Bank


Rio de Janeiro, December 5, 2017 – Petróleo Brasileiro S.A. – Petrobras informs
that it has signed yesterday with China Development Bank (CDB) a financing
agreement of US$ 5 billion with maturity in 2027.

On the same date, Petrobras also signed a commercial agreement with Unipec Asia
Company, establishing a preferential supply of 100 thousand barrels of oil
equivalent per day, based on market conditions, for a period of 10 years.

The agreement with CDB provides for the disbursement of half of the amount in
December 2017 and the other half in January 2018, when the debt balance of US $
2.8 billion of the loan contracted in 2009 with the bank will also be prepaid.
In addition, the prepayment will result in the early termination of the
commercial agreement signed with Unipec Asia Company in 2009, due 2019, for the
preferential supply of a total volume of up to 200 thousand barrels of oil
equivalent per day.

Petrobras will continue to evaluate debt prepayment and new financing
opportunities, in accordance with its liabilities management strategy, in order
to improve its amortization profile, taking into account the deleveraging goal
set forth in its Business and Management Plan 2017-2021.


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www.petrobras.com.br/ir
Contacts:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department I 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
This release includes forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended, that are subject to risks and uncertainties.
The forward-looking statements, which address the Company’s expected business
and financial performance, among other matters, contain words such as “believe,”
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The Company’s actual results could differ materially from those expressed or
forecast in any forward-looking statements as a result of a variety of
assumptions and factors. These factors include, but are not limited to, the
following: (i) failure to comply with laws or regulations, including fraudulent
activity, corruption, and bribery; (ii) the outcome of ongoing corruption
investigations and any new facts or information that may arise in relation to
the “Lava Jato Operation”; (iii) the effectiveness of the Company’s risk
management policies and procedures, including operational risk; and (iv)
litigation, such as class actions or proceedings brought by governmental and
regulatory agencies.  A description of other factors can be found in the
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.