Petrobras has started the competitive process to sell Liquigás Distribuidora S.A., a wholly-owned, privately-held subsidiary operating in the bottling, distribution and selling of liquefied petroleum gas (LPG).

Liquigás has a presence in almost all Brazilian states, with 23 operating centers, 19 deposits, 1 storage and road-rail loading base, and a network of around 4,800 authorized resellers, with a market share of 23%.

So far, there has been no signed agreement confirming that the transaction has been completed or deliberation by the Petrobras Executive Board or Board of Directors.

Any facts regarding this matter deemed to be material will be promptly disclosed to the market.