Petrobras announced today that its Executive Board approved yesterday a Voluntary Separation Incentive Plan - PIDV. This Plan is part of the implementation of the Productivity Optimization Program – POP, which is designed to positively influence Petrobras’ productivity aiming to contribute to the achievement of performance targets under the Business and Management Plan - PNG.

The PIDV proposal was developed so as to plan and systemize the separation of the employees that enroll in the program meeting the following objectives: adjust company personnel to its Business and Management Plan; achieve company interests in line w’ith employees’ expectations and preserve existing knowledge in the company. PIDV development considered voluntary enrollments and covers all separable employees aged 55 or higher.