Petro Rio, communicates to its shareholders and the market the signature according to Gas Bridge, for the sale of the 10% interest held by the Company in Campo de Manati.

The total amount of the transaction is R $ 144.4 million and includes the transfer of all the Company's liabilities in the field, including its participation in the abandonment of the same. The transaction is subject to precedent conditions, among which is the success of Gas Bridge in the acquisition of Petrobras' Manati operation.

The transaction comprises a fixed installment of R $ 124.4 million and an earn-out of R $ 20 million, subject to certain subsequent regulatory approvals related to the Field.

The effective date of the sale is December 31, 2020, and the Company will continue to have the right to generate cash from the Field until such date.

This movement is part of the Company's value generation strategy through dynamic management of its asset portfolio, and reinforces PetroRio's focus on operated assets that make up the core of its business.