Clarification about the Capitalization

Rio de Janeiro, June 11^th 2010, Petróleo Brasileiro S.A – Petrobras clarifies the news released today by the Brazilian press regarding its Capitalization process. 

The Company reaffirms that, due to the intention of undertaking a public offering, it is currently in a quiet period. As previously announced, Petrobras intends to execute the offering until the end of July.

Petrobras does not confirm the information disclosed by the press and informs that any remark regarding the amount of capital to be raised, details of the operation’s schedule and definitions about the structure of the public offering at this moment are only speculation.

 www.petrobras.com.br/ri/english

Contacts: PETRÓLEO BRASILEIRO S. A. – PETROBRAS

 Investor Relations Department I E-mail: petroinvest@petrobras.com.br / acionistas@petrobras.com.br

Av. República do Chile, 65 – 22^nd floor - 20031-912 - Rio de Janeiro, RJ  I Tel.: 55 (21) 3224-1510 / 9947

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