Rio de Janeiro - Petroleo Brasileiro S.A. - Petrobras, following up on the release disclosed on October 1, 2020, informs that the Petros Deliberative Council and the company's Board of Directors have approved a new version of the documentation for the opening of the Petros Plan 3 (PP-3) and migration process, after the conclusion by Petros of the adjustments requested by the National Private Pension Superintendence (PREVIC).

The process will proceed for approval by the Secretariat for Coordination and Governance of StateOwned Companies (SEST) and final approval by PREVIC. The expectation of approval by the inspection agencies is until February 2021. The start of operation is scheduled for the second quarter of 2021, since the new plan will also undergo a technical and administrative feasibility study, which can only be completed after the definition of the mass of participants who will have opted for PP-3.

PP-3 will be a private pension option exclusively aimed to voluntary and timely migration of participants and those assisted by Petrobras Renegotiated and Non-Renegotiated Petrobras System's Petro plans (PPSP-R and PPSP-NR), both of them created after the 1970s.

For more information: PETROLEO BRASILEIRO S.A. - PETROBRAS | Investors Relations e-mail: petroinvest@petrobras.com.br

acionistas@petrobras.com.br

Av. Republica do Chile

65 - 1803 - 20031-912

Rio de Janeiro, RJ.

Tel.: 55 (21) 3224-1510/9947

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 sole ly on the information included herein.

(C) 2021 Electronic News Publishing, source ENP Newswire