Petrobras, further to the Material Fact disclosed on 5/15/2017, informs the start of the binding phase regarding the transfer of Petrobras’ stake in the Azulão Field, in the Amazon Basin.

At this stage of the project, the invitation letters are issued to potential buyers qualified in the previous phase, with the instructions about the divestment process, including the guidelines to conduct due diligence and submit binding proposals.

This process in particular will not feature a non-binding phase, pursuant to the divestment methodology approved by Petrobras’ Executive Board and aligned with the guidelines of the Federal Accounting Court (TCU).