Petrobras completed (April 4) the sale, first announced on September 23, 2016, of 90% of the company's shares in Nova Transportadora do Sudeste ("NTS") to Nova Infraestrutura Fundo de Investimentos em Participações ("FIP"), managed by Brookfield Brasil Asset Management Investmentos Ltda.

The transaction was completed on payment today of US$ 4.23 billion, after all the preconditions and adjustments in the sale agreement had been satisfied. In total, Petrobras received US$ 2.59 billion for the shares and US$ 1.64 billion for 10-year debentures convertible into shares issued by NTS in payment of a debt to Petrobras Global Trading B.V. ("PGT"), a wholly-owned subsidiary of Petrobras. The outstanding balance (US$ 850 million, also relating to the sale of shares) will be paid over five years, and adjusted accordingly.

Petrobras will continue to use NTS natural gas transport facilities under current gas transport contracts, with no impact on deliveries of gas to distributors and other customers.

Transpetro will remain in charge of the operation and maintenance of assets under a new 10-year service agreement signed with NTS today.

After closing this transaction, FIP sold some of its shares in NTS to Investimentos Itaú S.A. ("Itaúsa"), under the same commercial conditions as those governing the transaction between Petrobras and FIP.

With the completion of the two transactions, NTS now has the following ownership structure:

• FIP: 82.35%

• Petrobras: 10%

• Itaúsa: 7.65%

The Board of Directors of NTS will consist of seven members nominated by FIP, two by Petrobras, and one by Itaúsa.

The transaction was completed under the Partnership and Divestiment Program totaling US$ 13.6 billion over the 2015-2016 period. The sale is in line with the company's Strategic Plan/2017-21 Business and Management Plan, which allows for partnership agreements along the oil and gas supply chain. In addition, the transaction opens up opportunities for partnerships with other companies to strengthen the natural gas sector in Brazil, encouraging new investments in the expansion of gas transport infrastructure.