Further to the material fact disclosed to the market on October 5 regarding adjustments to the 2015-2019 Business and Management Plan (PNG 2015-2019), Petrobras would like to confirm the exchange rate and Brent crude oil price on which the new investment and cost projections were based:

Brent oil price (US$/barrel)

Exchange rate (R$/US$)

Although the reduction in investments and more manageable operating expenses reflect fluctuations in the exchange rate, they are primarily the result of optimizations and cuts in levels of activity.

Petrobras would also like to confirm that any facts deemed relevant to a new 5-year Business and Management Plan will be disclosed in a timely manner.