Petrobras hereby announces that the Fifth Chamber for Coordination and Review and Anti-Corruption of the Public Prosecutor’s Office decided today not to ratify the leniency agreement signed between the Ministry of Transparency, Oversight and Control (“MTFC”), the Public Prosecutor’s Office (Ministério Público Federal – “MPF”), the General Counsel for the Republic (Advocacia Geral da União – “AGU”), SBM Offshore and Petrobras, disclosed through a material fact on July 15, 2016.

The non-approval of the agreement by the MPF makes it impossible for the Dutch company to reimburse US$ 328.2 million to Petrobras, but does not necessarily imply the termination of the existing agreements between SBM and Petrobras.

Petrobras clarifies that the information regarding an eventual loss totaling US$ 12.66 billion represents an estimate in the event of termination of all existing agreements between Petrobras and SBM in the period between 2016 and 2020, without any replacement alternative.

Facts deemed relevant on the subject will be timely announced to the market.