Petrobras, further to the material fact disclosed on December 28, 2016, informs that the sale transaction of the full interests held by its wholly-owned subsidiary Petrobras Biocombustível S.A. (“PBIO”) in Guarani S.A. (“Guarani”) was concluded today.

The transaction was concluded upon the payment of US$ 202.75 million by Tereos Participations SAS, made today, after fulfilling all preceding conditions set forth in the agreement.

This transaction is part of the partnership and divestment program that reached US$ 13.6 billion in 2015-2016 period. The sale is aligned to Petrobras’ Strategic Plan/2017-21 Business and Management Plan, which aims to optimize the business portfolio, withdrawing entirely from biofuel production activities.

The project is one of the five transactions which the contracts may be signed pursuant to the preventive order of the Brazilian Federal Accounting Court (TCU), as disclosed in the material fact announced on December 20, 2016.