Petrobras informs that the judge responsible for the U.S. action today issued an order on the motion to dismiss presented by Petrobras, partially granting the company's motion. The motion to dismiss was intended to have the Court consider whether, from a legal point of view, the Lead Plaintiff’s allegations are sufficient for the action to proceed to the evidentiary stage of the case (discovery).

In the order, the judge stated, among other points, that the claims under Section 11 of the Securities Act related to the 2012 public offering of debt securities in the U.S. are barred by the statute of repose and that the Brazilian law claims are subject to resolution by arbitration.

The class action will proceed as to other claims brought by the Lead Plaintiff.

Finally, the judge directed the parties to present a proposed plan by July 15, 2015 for the next stages of the case that would provide that the case will be ready for trial no later than February 1, 2016.

Petrobras informs that it will continue acting firmly in defense of its rights.