Petrobras, further to the Material Fact disclosed on 03/09/2018, informs the start of the binding phase regarding the sale of its entire stake in Piranema and Piranema Sul fields.

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 Petrobras’ divestment methodology and aligned with the guidelines of the Federal Accounting Court (TCU).