Petroleo Brasileiro Petrobras : Resolutions of the Extraordinary General Meeting

Resolutions of the Extraordinary General Meeting

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Rio de Janeiro, September, 30, 2019 - Petróleo Brasileiro S.A. - Petrobras informs that the Extraordinary General Meeting, held today, at 3:00 pm, in the auditorium of the Company's Headquarters, Avenida República do Chile, 65 - 1º floor , in the city of Rio de Janeiro (RJ), analyzed and approved, by majority vote, the following:

I. Merger of Petrobras Logística de Gás S.A. ("Logigás") into Petrobras to:

1. Confirm KPMG Auditores Independentes ("KPMG") as Petrobras' contractor to prepare the relevant Logigás' Evaluation Report, at book value, pursuant to paragraph 1 of article 227 of the Act 6404, of 12.15.1976;
2. Approve the Evaluation Report prepared by KPMG at book value regarding Logigás' shareholders' equity;
3. Approve all terms and conditions of the Merger Proposal and Basis, entered into by and between Logigás and Petrobras on 08.28.2019;
4. Approve the merger of Logigás into Petrobras, with consequent extinction of the former, without increasing Petrobras' share capital;
5. Authorize Petrobras' Executive Board to perform all acts required for the merger to be effective and for the absorbing company and absorbed company situations to be made regular before relevant authorities.

1. Amendments to Petrobras' By-Laws and respective consolidation of the By-Laws, to amend Articles 18, 20, 21, 23, 25, 29, 30, 35, 43 and 53 as proposed by Management.

1. Amend the overall amount of management compensation, as approved by General and Extraordinary Shareholders' Meeting dated April 25, 2019, in order to include the Digital Transformation and Innovation Executive Officer's remuneration, setting up to R$ 34,216,580.26 the limit of that global compensation for the period from April 2019 to March 2020.

www.petrobras.com.br/ir

Contacts:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investor Relations Department I e-mail: [e-mail]

Av. República do Chile, 65 - 10th floor, 1002 - B - 20031-912 - Rio de Janeiro, RJ | Phone: [phone]

FORWARD-LOOKING STATEMENTS

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties. The forward-looking statements, which address the Company's expected business and financial performance, among other matters, contain words such as "believe," "expect," "estimate," "anticipate," "optimistic," "intend," "plan," "aim," "will," "may," "should," "could," "would," "likely," and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. There is no assurance that the expected events, trends or results will actually occur. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.

The Company's actual results could differ materially from those expressed or forecast in any forward-looking statements as a result of a variety of assumptions and factors. These factors include, but are not limited to, the following: (i) failure to comply with laws or regulations, including fraudulent activity, corruption, and bribery; (ii) the outcome of ongoing corruption investigations and any new facts or information that may arise in relation to the "Lava Jato Operation"; (iii) the effectiveness of the Company's risk management policies and procedures, including operational risk; and (iv) litigation, such as class actions or proceedings brought by governmental and regulatory agencies. A description of other factors can be found in the Company's Annual Report on Form 20-F for the year ended December 31, 2018, and the Company's other filings with the U.S. Securities and Exchange Commission.