Dear Mr/Mrs Ramin Farzanehfar,
Rio de Janeiro, May 28th, 2012 – Petróleo Brasileiro S.A - Petrobras announces that it will pay the first installment of advanced payment of interest on own capital (IOC) related to the 2012 fiscal year, on May 31st, 2012.
The payment will be under the form of interest on capital, in the amount of R$ 0.20 per common (ON) or preferred (PN) shares (R$ 0.40 per ADRs), based on shareholder position at May 11th, 2012 and in accordance to notice to shareholders issued on
April 27th, 2012.
This interest on own capital will be offset against the remuneration (dividends plus interest on own capital) to be paid related to the 2012 fiscal earnings.
This IOC (R$ 0.20) will be subject to withhold income tax of 15% (fifteen per cent).
Payment in connection with the American Depositary Receipts (ADRs) traded on the New York Stock Exchange - NYSE will be made through Bank of New York Mellon, depositary bank for the ADRs.
The expected payment date for the ADRs holders is June 7th, 2012. Additional information may be obtained at www.adrinform.com
Rights to IOC unclaimed within 3 (three) years as from payment date (May 31st , 2012) will lapse and revert in favor of the Company (Law 6404/76, Article 287, Subsection II, Item a).
Almir Guilherme Barbassa
CFO and Investor Relations Officer
Petróleo Brasileiro S.A.
– Petrobras
Sincerely,
Investor Relations.
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www.petrobras.com.br/ri/english
Contacts: PETRÓLEO BRASILEIRO S.
A.
- PETROBRAS
Investor Relations Department I E-mail: /
Av.
República do Chile, 65 – 22nd floor - 20031-912 - Rio de Janeiro, RJ I Tel.: 55 (21) 3224-1510 / 9947
This document may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended (Exchange Act) that merely reflect the expectations of the Company’s management.
Such terms as
“anticipate”, “believe”, “expect”, “forecast”, “intend”, “plan”, “project”, “seek”, “should”, along with similar or analogous expressions, are used to identify such forward-looking statements.
These predictions evidently involve risks and uncertainties, whether foreseen or not by the Company.
Therefore, the future results of operations may differ from current expectations, and readers
must not base their expectations exclusively on the information presented herein.
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