Petrobras : on the sale of potassium mining rights September 30, 2022

Petrobras on the sale of potassium mining rights

-

Rio de Janeiro, September 30, 2022 - Petróleo Brasileiro S.A. - Petrobras, following up on the release disclosed on 08/11/2022, informs the beginning of the binding phase concerning the sale of its mining rights for research and mining of potassium salts located in the Amazonas Basin.

Potential buyers qualified for this phase will receive a process letter with detailed instructions about the process, including guidelines for due diligence and for submitting binding proposals.

This disclosure is in accordance with Petrobras' internal rules and with the special regime for divestment of assets by federal mixed economy companies, provided for in Decree 9,188/2017.

This transaction is aligned with the company's portfolio optimization strategy and capital allocation improvement, aimed at maximizing value and greater return to society.

About the asset

The asset is composed of 34 mining titles of potassium salts located in the Amazonas Basin and granted by the National Mining Agency (ANM). Of these 34 titles, 8 are mining concessions, 4 are mining requirements and 22 are in the process of obtaining a research authorization.

www.petrobras.com.br/ir

For more information:

PETRÓLEO BRASILEIRO S.A. - PETROBRAS | Investors Relations email: [e-mail]/[e-mail]

Av. Henrique Valadares, 28 - 19th floor - 20031-030 - 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.