Petrobras, pursuant to the Press Release disclosed on 12/18/2017, informs that the Court of the Administrative Council for Economic Defense (CADE) has approved the sale of Companhia Petroquímica de Pernambuco (PetroquímicaSuape) and Companhia Integrada Têxtil de Pernambuco (Citepe), Petrobras wholly-owned subsidiaries, to Alpek, subject to the execution of an agreement (Acordo em Controle de Concentrações – ACC) to address effective competitive concerns identified by the Court. The agreement approved was proposed by Alpek.

The decision will be published in the Official Federal Gazette in accordance with the terms of the CADE internal regiment.

In addition to this approval, the closing of the transaction is still dependent to the fulfillment of other usual precedent conditions. The total sale value of US$ 385 million, subject to working capital, net debt, and recoverable taxes adjustments, will be paid by Alpek to Petrobras on the closing date.