Petrobras, following up on the release disclosed on December 18, 2020, informs that its wholly-owned subsidiary Petrobras Global Finance B.V. (PGF) concluded today the financial settlement of the early redemption of the 3.750% Global Notes, 5.375% Global Notes and 8.375% Global Notes, maturing in 2021, and of the 6.125% Global Notes and 5.875% Global Notes, maturing in 2022.

The total amount of the redemption was equivalent to US$ 2.1 billion, excluding capitalized and unpaid interest and considering for the securities in euros the exchange rate of US$ 1.2257/€. The redemption was funded with the company's cash resources, in line with its deleveraging strategy.