The Petrobras Annual Shareholders’ Meeting scheduled for April 29, 2015 will elect new members of the Board of Directors and Fiscal Council.

Petrobras has not yet completed the preparatory work on the Company’s third quarter 2014 and annual 2014 financial statements for examination by independent auditors, approval by the Audit Committee, Fiscal Council and Board of Directors, and subsequent release.

Additional items on the Annual Shareholders’ Meeting agenda, including examining, discussing and voting on the financial statements, accepting the administrative accounts, deliberating on the allocation of net profits for the year and 2014 dividend distribution, and approving the capital budget for the 2015 fiscal year, will be on the agenda of an Extraordinary General Meeting to be held at the earliest opportunity.

Petrobras would like to reaffirm its commitment to finalizing the financial statements as soon as possible, but as yet is unable to specify a completion date.

Any material facts relating to this matter will be promptly communicated to the market.