Petrobras : on cancellation of the public offering of Braskem shares January 28, 2022

Petrobras on cancellation of the public offering of Braskem shares

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Rio de Janeiro, January 28, 2022 - Petróleo Brasileiro S.A. - Petrobras, following up on the releases disclosed on 12/16/2021 and 01/17/2022, informs that, together with NSP Investimentos SA - In Judicial Recovery, communicated to Braskem SA the decision to cancel the public offering for secondary distribution of shares owned by them, which would have been held simultaneously in Brazil and abroad, in the form of American Depositary Shares, represented by American Depositary Receipts, due to the instability of the capital market conditions, which resulted, at this moment, in levels of demand and price that are not appropriate for the conclusion of the transaction.

Petrobras also informs that the Term Sheet signed with Novonor remains in effect, as communicated on 12/16/2021, which establishes a commitment by both companies to sell their respective stakes in Braskem, as well as to establish guidelines with the objective of migrating Braskem to the Novo Mercado. Petrobras ratifies its interest in implementing the commitments set forth in the Term Sheet as soon as possible and to the extent that market conditions prove favorable.

www.petrobras.com.br/ir

For more information:

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