Petrobras reports that it has started the opportunity disclosure stage (Teaser), related to the sale of Liquigás Distribuidora S.A. (Liquigás).

Liquigás is a wholly owned subsidiary of Petrobras and operates in bottling, distribution and sale of liquefied petroleum gas (LPG). The company operates in 25 Brazilian states and has a unique logistics infrastructure, with 23 operating centers, 19 warehouses, a road/railway storage facility and loading base, and a network of around 4,800 authorized resellers.

This is a new competitive process with the inclusion of criteria to ensure competitiveness and isonomy, while mitigating the market concentration risk, since in the previous process CADE disapproved the sale of Liquigás, as disclosed in a material fact dated February 28, 2018.

The Teaser, which contains the main information on the opportunity, as well as the eligibility criteria for the selection of potential participants, is available on the Petrobras website: http://www.investidorpetrobras.com.br/en/press-releases.

The main subsequent phases of the project will be timely informed to the market.

This disclosure is in compliance with Petrobras' Divestment Methodology, which is in line with the special regime for the divestment of assets by federal mixed-capital companies, provided for in Decree 9,188/2017.