Petróleo Brasileiro S A Petrobras : Petrobras on contracts with TAG December 22, 2021

Petrobras on contracts with TAG

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Rio de Janeiro, December 22, 2021 - Petróleo Brasileiro S.A. - Petrobras informs that, as part of the actions taken to open the Brazilian natural gas market, signed, today, with Transportadora Associada de Gás S.A. (TAG) the Flexibility Reduction Agreement to be used by Petrobras (Agreement) and amendments to the Malha Nordeste, Gasene and Pilar-Ipojuca Natural Gas Transportation Contracts (Amendments), which reflect the referred flexibility limitation of Petrobras. These instruments allow for the access of other agents to TAG's transportation system as of 01/01/2022.

The execution of the Agreement and Amendments was carried out after approval by the National Agency of Petroleum, Natural Gas and Biofuels (ANP) and is in line with the commitment made by Petrobras under the Commitment Agreement (TCC), signed on 07/08/2019, between the Administrative Council for Economic Defense - CADE and Petrobras.

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For more information:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investors Relations email: [e-mail]/[e-mail] Av. Henrique Valadares, 28 - 19 floor - 20231-030 - 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.