Petrobras reiterates that the timing of the launch of the secondary public offer (follow on) for the sale of its entire 37.5% remaining stake in Petrobras Distribuidora S.A. (BR Distribuidora) has not yet been defined.

The follow-on proposal was approved by the Petrobras Board of Directors on 08/26/2020, however, as communicated to the market published on the same date, the transaction is subject, among other factors, to market conditions, to additional approvals. Petrobras' internal bodies, notably regarding the price, and the analysis of the Securities and Exchange Commission (CVM) and other regulatory and self-regulatory bodies, under the terms of the applicable legislation.

This communication is for information purposes only, under the terms of the legislation and regulations in force and should not be considered as an offer announcement in Brazil, the United States or any other jurisdiction.