PETROBRAS DISTRIBUIDORA S.A.
Notice to the Market
Favorable decision related to labor lawsuit
Rio de Janeiro, July 29, 2021.
Petrobras Distribuidora S.A. ("Company" or "BR") (B3: BRDT3), in continuity with the Notice to the Market of 6/22/2018, informs that, on 7/28/2021, it became aware of a favorable decision rendered by the Justice Rapporteur of the Federal Supreme Court, in appeals filed against the decision of the Superior Labor Court (TST) on the revision of the methodology for calculating the complement of Minimum Remuneration by Level and Regime (RMNR).
The decision of the Minister Rapporteur recognizes the validity of the collective labor agreement freely signed between the Company and the unions, reversing the decision of the TST.
In the quarterly information of 03.31.2021, for the proceedings in which this topic is discussed, the amount of approximately R$ 51 million was indicated, classified as "probable loss", this amount being recognized as a provision for legal proceedings, and the amount of approximately R$355.5 million as "possible loss", included as legal proceedings not provisioned.
Today's decision is still subject to appeal and we are evaluating whether it will have an effect on the Company's financial statements.
Additional information on the matter is presented in the 2020 financial statements, in notes 25.1
Legal and administrative proceedings accrued and 25.3 - Legal proceedings not provisioned (possible losses).
We reiterate our commitment to keep shareholders and the market in general timely and duly informed about any relevant information related to this topic.
ANDRÉ CORRÊA NATAL
Chief Financial and Investors Relations Officer
For more information:
PETROBRAS DISTRIBUIDORA S.A. | Investor Relations
Address: Rua Correia Vasques, 250, Cidade Nova - 20211-140, Rio de Janeiro - RJ | Brasil
Phone: +55 21 2354-4015