Rio de Janeiro - Petroleo Brasileiro S.A. Petrobras, following up on the releases disclosed to the market on 06/22/2020 and 11/11/2020, informs that it received, on this date, a decision from the Market Arbitration Chamber of B3 (MAC), which granted its challenge and dissolved the Arbitration Tribunal that rendered a partial award in the arbitration filed by Petros and Previ.

Thus, in addition to the judicial order that vacated the partial award rendered in the arbitration, as disclosed to the market on 11/11/2020, the parties must now elect three new arbitrators to conduct the procedure and resolve the dispute.

As provided by the rules of the MAC, this arbitration is confidential. Petrobras reiterates that it will continue to defend itself vigorously, in respect to its shareholders, in all arbitrations to which it is a party.

Contact:

Tel: 55 (21) 3224-1510

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.

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