Petrobras informs its shareholders and the general public that, it has approved, at its Board of Directors meeting (06/30), the price per common share issued by Petrobras Distribuidora S.A. (“Shares” and “BR” respectively) amounting to R$26.00, on the date hereof, in the context of the secondary public offering of Shares and held by Petrobras, under the terms of Article 6-A of Brazilian Securities Commission (“CVM”) Rule No. 400, dated as December 29, 2003, as amended, and other applicable provisions, with the purpose of placing the Shares abroad pursuant to the registration exemptions under the U.S. Securities Act of 1993 (“Offering”), in the total amount of R$11,358,750,000.00.

No registration of the Offering or Shares will be carried out in any agency or regulatory body in the capital markets of any country, except in Brazil, through the CVM. The Shares will not be or have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. Under the Offering, Petrobras will sell 37.5% of its interest in BR's capital share, which corresponds to Petrobras’s total equity holdings in BR.

The Shares will be traded on the São Paulo Stock Exchange (B3 S.A. – Brasil, Bolsa, Balcão) on July 2, 2021 and the Shares’ settlement will take place on July 5, 2021.

Additional information about the Offering can be obtained from the Final Offering Memorandum available at https://www.investidorpetrobras.com.br/en/shares-dividends-and-debts/prospects, under section “Public Offering Petrobras Distribuidora 2021,” subsection “Prospectus,” subsection “Final Prospectus”.

This material fact is intended for information purposes only, in accordance with the legislation and regulations in force and should not be considered as an announcement of an offer in Brazil, the United States or in any other jurisdiction.

This transaction aims to optimize Petrobras’ portfolio and capital allocation and it is consistent with its strategy to exit the distribution business and focus its investments in world-class refining and upstream assets in deep and ultra-deep waters, where Petrobras has demonstrated its competitive advantage.