Petrobras, in continuation of the communiqué released on March 18, 2020, regarding the sale of its entire 51% stake in Petrobras Gás SA (Gaspetro), informs the reopening of the analysis phase and qualification of potential buyers, which will extend until May 15, 2020.

The adjusted teaser is available on the Petrobras website:https://www.investidorpetrobras.com.br/pt/resultados-e-comunicados/teasers

The main subsequent stages of the project will be informed to the market in due course.

This disclosure is in accordance with Petrobras' divestment guidelines and the special asset divestment regime by federal mixed capital companies, provided for in Decree 9.188 / 2017.

This operation is in line with the optimization of the portfolio and the improvement of the company's capital allocation, aiming at maximizing value for its shareholders.

About Gaspetro 

Gaspetro is a holding company with equity interests in several natural gas distribution companies, located in all regions of Brazil. In 2019, the total volume of gas distributed was 29 million m3 / day, serving around 500 thousand customers, through a distribution network of more than 10 thousand km of gas pipelines.

Its corporate structure is formed by Petrobras, with 51% of the shares, and by Mitsui Gás e Energia do Brasil Ltda., With the remaining 49% of the shares.