Rio de Janeiro, March 27, 2015 – Petróleo Brasileiro S.A.

– Petrobras announces that the Annual Shareholders Meeting scheduled for April 29, 2015 will deliberate about the following items:

- Election of Board of Directors members

- Election of Fiscal Council members

As announced on March 12, 20, 25 and 26, 2015, Petrobras has not yet finalized the work of preparing its financial statements for the third quarter of 2014 and the year 2014, for the supervision of the independent auditors and approval by the Audit Committee, Fiscal Council and Board of Directors, for further announcement.

Additional items attributed to the Annual Shareholders Meeting, such as, (i) analyze, discuss and vote on the financial statements and rendering of accounts of managers; (ii) vote on the allocation of the net income of the fiscal year and distribution of dividends related to fiscal year 2014 and; (iii) approve the capital budget related to fiscal year 2015, will be on the agenda of an Extraordinary General Meeting to be held at the earliest possible time.

Petrobras reiterates its firm intention to finalize the work of preparing its financial statements as soon as possible; however there is still no date for completion.

Material facts concerning this matter will be promptly disclosed to the market.
 

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This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are subject to risks and uncertainties.

The forward-looking statements, which address the Company’s expected business and financial performance, among other matters, contain words such as “believe,” “expect,” “estimate,” “anticipate,” “optimistic,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” and similar expressions.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made.

There is no assurance that the expected events, trends or results will actually occur.

We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or future events or for any other reason.

The Company’s actual results could differ materially from those expressed or forecast in any forward-looking statements as a result of a variety of assumptions and factors.

These factors include, but are not limited to, the following: (i) failure to comply with laws or regulations, including fraudulent activity, corruption, and bribery; (ii) the outcome of ongoing corruption investigations and any new facts or information that may arise in relation to the “Lava Jato Operation”; (iii) the effectiveness of the Company’s risk management policies and procedures, including operational risk; and (iv) litigation, such as class actions or proceedings brought by governmental and regulatory agencies.  A description of other factors can be found in the Company’s Annual Report on Form 20-F for the year ended December 31, 2013, and the Company’s other filings with the U.S.

Securities and Exchange Commission.