Petrobras informs, in addition to the press release issued on August 9, 2019, that the Comisión Nacional de Valores (CNV), the Argentine capital market regulator, has authorized the withdrawal of its shares from the public offering regime, exempting the company from promoting a public offering for the acquisition of shares in accordance with CNV General Resolution 779.

In accordance with the rules in force in Argentina, Petrobras has established that the withdrawal of the public offering regime will take place on November 4, 2019, so that at 5 pm on that date, Petrobras shares will no longer have a public offering in Argentina, this being the last trading day in that market.

After this date, Petrobras shareholders in Argentina will be able to keep their shares deposited in the Caja de Valores (Argentine market custody agent) or sell them in the markets where Petrobras shares are still traded.

During the 4 months after the delisting argentine shareholders may use BBVA Banco Francés S.A. (BBVA) to advise them on the sale of their shares on the Brazilian stock exchange (B3) with no brokerage costs for the argentine shareholders. Said cost will be paid by Petrobras for the 4 months-period aforementioned.

After this period, BBVA's advisory services will continue to be available to argentine shareholders for an additional 6 months, but the brokerage cost of 0.40% of the sale price of the shares shall be paid by the investor himself.