Petrobras announces that its Board of Directors approved today the appointment of board member Francisco Petros as a new member of the Statutory Audit Committee (CAE).

With the possession of the member board Luiz Augusto Navarro de Brito Filho as the Chief Minister of the Comptroller General of the Union (CGU), he is no longer part of CAE.

Thus, the Statutory Audit Committee will now be composed by the following members of the Board of Directors: Walter Mendes de Oliveira Filho (Chairman/Coordinator), Jerônimo Antunes and Francisco Petros.

Francisco Petros was elected alternate of board member Walter Mendes de Oliveira Filho by the minority common shareholders at the Extraordinary Shareholders’ Meeting of July 01, 2015.

Francisco Petros Oliveira Lima Papathanasiadis – is a partner at Fernandes Figueiredo Advogados. Mr. Petros’ main professional experience over the last five years includes serving as Chairman of the Supervisory Board of Capital Market Analysts, established by the Brazilian Securities and Exchange Commission (CVM). Mr. Francisco Petros holds undergraduate degrees in law from Universidade Mackenzie and in economics from Pontifícia Universidade Católica de São Paulo and a graduate degree in finance (MBA) from the Brazilian Institute of Capital Markets (IBMEC).