Further to the relevant fact disclosed on January 31, 2017, Petrobras is able to announce that today the Federal Regional Court of the 5th Region granted the stay of proceedings sought by Petrobras concerning the sale of the shares in Companhia Petroquímica de Pernambuco (“PetroquímicaSuape”) and Companhia Integrada Têxtil de Pernambuco (“Citepe”).

With the Court’s favorable decision, the Company can proceed with this sale, one of five transactions given the go-ahead following the provisional ruling of the Brazilian Federal Accounting Court (TCU), as disclosed on December 20, 2016.