Petróleo Brasileiro S.A. –Petrobras (“Petrobras”) (NYSE: PBR) announces the final results of the previously announced offers to purchase for cash by its wholly-owned subsidiary Petrobras Global Finance B.V. (“PGF”), of any and all of its outstanding notes of the series set forth in the table below (the “Tender Notes” and such offers, the “Tender Offers”).

The Tender Offers were made pursuant to the terms and conditions set forth in the offer to purchase dated October 13, 2020 (the “Offer to Purchase” and, together with the accompanying notice of guaranteed delivery, the “OfferDocuments”).

The Tender Offers expired at 5:00 p.m., New York City time, on October 19, 2020 (the “Expiration Date”) and settled on October 22, 2020 (the “Settlement Date”).

The table below sets forth the aggregate principal amount of Tender Notes validly tendered in the Tender Offers or validly delivered through guaranteed delivery procedures, the aggregate principal amount of Tender Notes that PGF accepted for purchase, and the consideration payable for such Tender Notes.

Disclaimer: The table has been omitted (The document can be viewed at https://api.mziq.com/mzfilemanager/v2/d/25fdf098-34f5-4608-b7fa-17d60b2de47d/7104efc0-e4e2-94a7-f950-3c1f762505d4?origin=1)

The aggregate amount paid by PGF to holders whose Tender Notes were accepted for purchase, excluding accrued and unpaid interest, is US$1,943 million.

PGF engaged BofA Securities, Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., ItauBBA USA Securities, Inc., J.P. Morgan Securities LLC, Santander Investment Securities Inc., and Scotia Capital (USA) Inc. to act as dealer managers with respect to the Tender Offers (the “Dealer Managers”). Global Bondholder Services Corporation acted as the depositary and information agent (the “Depositary”) for the Tender Offers.

Source: Petrobras

• Petroleo Brasileiro SA Petrobras
• Petrobras Global Finance B.V.