Petróleo Brasileiro S A Petrobras : Petrobras on arbitration award involving Sete Brasil

Petrobras on arbitration award involving Sete Brasil

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Rio de Janeiro, February 11, 2020 - Petróleo Brasileiro S.A. - Petrobras informs about a favorable arbitration award to the company, which rejected a claim made by an investor in Sete Brasil Participações S.A. (in reorganization), in arbitration proceedings seeking compensation from Petrobras for alleged damages related to their investment in the Sondas Project.

Due to the favorable outcome of these proceedings, in the 4Q19 results, Petrobras will deduct the amount of R$ 1.3 billion from the provision related to the disputes involving the company Sete Brasil.

The company remains in defense of its interests in the ongoing proceedings.

www.petrobras.com.br/ir

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.