Petróleo Brasileiro S.A. - Petrobras announced the suspension of Mr. Sérgio Machado Rezende from the exercise of the position of Board Member of the Company. The decision is based on alleged non-compliance with the requirements of the Company's Bylaws in the process of appointing the Board Member. Petrobras will seek to overturn this decision by means of the appropriate appeal, in order to defend the soundness of its internal governance procedures, as it has done in other actions underway in the same Court questioning appointments to the Board.