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Petrobras: sale of 100% equity interest in BSBios: Start of the non-binding phase

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Petrobras, further to the Material Fact disclosed on  December 14, 2017, informed on Monday (Feb.5)  the start of the non-binding phase regarding the sale of 100% of the shares held by Petrobras Biocombustíveis (“PBIO”), a wholly-owned subsidiary of Petrobras, in the company BSBios, which corresponds to 50% of the company’s capital.

At this stage of the project, stakeholders who have signed the Confidentiality Agreement and the Compliance Statement will receive a descriptive memorandum containing more detailed information about the assets, besides instructions about the divestment process, including guidelines for the preparation and submission of non-binding proposals.

In addition, the company reports that the deadline for signing the Confidentiality Agreement and the Compliance Statement provided in the opportunity discloser (Teaser) to access the technical, legal and financial information related to the divestment process will be February 16, 2018.

The access to the information related to BSBios will be granted for a minimum period of 30 days to all interested parties who have signed the Agreement and the Statement.

The disclosure to the market herein is in compliance with Petrobras’ divestment methodology and is aligned with the guidelines of the Federal Accounting Court (TCU – Tribunal de Contas da União).