Petrobras: Reduction of Significant Shareholding Interest

Rio de Janeiro, September 5, 2016 – Petróleo Brasileiro S.A. – Petrobras, pursuant to Article 12 of CVM Instruction 358 of January 3, 2002, hereby informs that it was notified by Dodge & Cox, that as of August 29, 2016, it manages shareholding interest less than 5% of the preferred shares issued by the Company and no longer qualifies as holder of significant shareholding interest in the capital stock of Petrobras. As of August 29, 2016, Dodge & Cox manages138,419,303 ADRs of Petróleo Brasileiro S.A., corresponding to 276,838,606 preferred shares, a shareholding interest equivalent to 4.94% of the total preferred shares issued by the Company. The reduction in shareholding interest does not change Petrobras’ control neither the structure of its administrative bodies. Dodge & Cox is the full corporate name of the entity managing the shareholding interest, whose clients may include investment companies, employee benefit plans, pension funds, endowment funds and individual clients. It is headquartered at 555 California Street, 40th Floor, San Francisco, CA, U.S.A., 94104.

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