Petróleo Brasileiro S A Petrobras : Petrobras clarifies about BR Distribuidora

Petrobras clarifies about BR Distribuidora

-

Rio de Janeiro, January 16, 2020 - Petróleo Brasileiro S.A. - Petrobras, with regards to news published in the media, referring to the sale of its stake in BR Distribuidora S.A. (BR), clarifies that the information that a possible subsequent offer of shares will take place in February and that the banks that will coordinate the operation have already been chosen is not true.

Petrobras, within the scope of its active portfolio management, has already initiated studies for the additional sale of its stake in BR, however, there is still no deliberation by the company's internal bodies regarding the amount of the stake to be negotiated, the ideal structure of the transaction or even its actual execution, which will depend on market conditions and its strategic repositioning in the sector.

Material facts on the subject shall be timely communicated to the market.

www.petrobras.com.br/ri

For more information:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investors Relations email: [e-mail]/[e-mail] Av. República do Chile, 65 - 1803 - 20031-912 - Rio de Janeiro, RJ. Tel.: [phone]/9947 | 0800-282-1540

This document may contain forecasts within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Trading Act of 1934, as amended (Trading Act) that reflect the expectations of the Company's officers. The terms: "anticipates", "believes", "expects", "predicts", "intends", "plans", "projects", "aims", "should," and similar terms, aim to identify such forecasts, which evidently involve risks or uncertainties, predicted or not by the Company. Therefore, future results of the Company's operations may differ from current expectations, and the reader should not rely solely on the information included herein.