Petróleo Brasileiro S A Petrobras : Petrobras on VAT tax (ICMS) in PIS/COFINS calculation basis (Form 6-K)

Petrobras on VAT tax (ICMS) in PIS/COFINS calculation basis

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Rio de Janeiro, May 20, 2021 - Petróleo Brasileiro S.A. - Petrobras, following up on the material fact disclosed on 07/29/2020, informs that, as a result of the Supreme Federal Court (STF) decision published on 05/14/2021, in which it was defined that the amount of VAT tax (ICMS) to be excluded from the PIS and COFINS tax base is the one highlighted on the invoice, there will be a positive effect on the company's result. The best estimate of the amounts to be recovered for the period between October 2001 and June 2020 is an increase of R$ 4.4 billion, before tax effects, which will be recognized in the financial statements for the 2nd quarter of 2021.

The company expects to use the credit in the coming months, by offsetting federal taxes, according to the necessary regulatory procedures.

www.petrobras.com.br/ir

For more information:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investor Relations

e-mail: [e-mail]/[e-mail]

Av. República do Chile, 65 - 1002 - 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.