Petrobras on the method of shareholder remuneration distribution

Petrobras, following up on the releases disclosed on November 03, 2022, informs that the distribution of the second installment of the remuneration to shareholders, approved by the Board of Directors on that date, to be paid on January 19, 2022, in the amount of R$ 1.67445, will be paid as follows:

(i) Dividends: R$ 1.600192 net value per common and preferred outstanding share;

(ii) Interest on equity (IOE): R$ 0.074258 gross value per common and preferred outstanding share.

The record date is November 21, 2022 for holders of Petrobras shares traded on B3 and November 23, 2022 is the record date for holders of American Depositary Receipts (ADRs) traded on the New York Stock Exchange (NYSE). Petrobras shares will be traded ex-rights on B3 and ADRs shares on NYSE as of November 22, 2022.

The payment of the second installment for holders of Petrobras shares traded on B3 will be made on January 19, 2023 and for holders of ADRs as of January 26, 2023.

The value of the second installment will be updated by the variation of the Selic rate from December 31, 2022 until the date of payment.

The information regarding the first installment, to be paid on December 20, 2022 remains unchanged as released on November 03, 2022.

Income tax will be levied on the IOE values, in accordance with the legislation in force. Withholding income tax will not apply to shareholders who can legally prove their immune and exempt status.  

Dividends and IOE not claimed within 3 (three) years, as of the payment start date, will prescribe and revert in favor of the company (Law 6,404/76, art. 287, sub II, item a).

CREDIT INSTRUCTIONS

For holders of shares issued by Petrobras traded on B3, the payment will be made by Banco Bradesco S.A. (Bradesco), the depositary institution of the book entry shares issued by Petrobras. All shareholders whose registration is duly updated will have their rights automatically credited to their bank accounts on the payment date. For shareholders with shares under custody at B3, the payment will be made through their respective brokers. 

Further information can be obtained at any Bradesco branch or by the phone 0800 701 1616. 

For ADRs holders, payment will take place as of January 26, 2023 through the JP Morgan Chase Bank, Petrobras' ADRs depositary bank. Information and clarifications can be obtained on the website www.adr.com.