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20031-912 - Rio de Janeiro, RJ
Federative Republic of Brazil
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
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Petrobras releases the names of the candidates appointed by the non-controlling shareholders to the Board of Directors and Audit Committee
Rio de Janeiro, February 28, 2014 - Petróleo Brasileiro S.A. - Petrobras announces that a group of shareholders (Aberdeen do Brasil Gestão de Recursos, APG Asset Management, British Columbia Investment Management Corporation., AMUNDI Asset Management, MN Services N.V., USS Investments Management, Hermes Equity Ownership Services Limited, F&C Management Limited, State of Board of Administration of Florida) representing at least 0.5% (one-half percent) of the company’s capital has submitted the appointment of candidates to the Board of Directors and Fiscal Board, as provided for in CVM Instruction 481/09 and pursuant to the instructions contained in the Manual for Participation of Shareholders in Annual and Special Meetings dated April 2, 2014.
The following candidates have been appointed for the referred to vacancies:
| Name of the Candidate | Running for |
| Mauro Gentile Rodrigues da Cunha | Director indicated by minority common shareholders |
| José Guimarães Monforte | Director indicated by preferred shareholders |
| Reginaldo Ferreira Alexandre * | Fiscal Board member indicated by minority common shareholders |
| Mario Cordeiro Filho * | Fiscal Board member indicated by minority common shareholders (substitute) |
| Walter Luis Bernardes Albertoni ** | Fiscal Board member indicated by preferred shareholders |
| Robert Lamb** | Fiscal Board member indicated by preferred shareholders (substitute) |
Furthermore, due to the provision set forth in CVM Instruction No. 481/09, we inform that the above candidates:
· Have not been subject, for the past 5 years, to criminal conviction, conviction in an administrative procedure of the CVM and unappealable conviction, in the judicial or administrative sphere, which has suspended or invalidated the exercise of professional or commercial activity.
· They do not have conjugal relations, steady union, or kinship susceptible to information according to item 12.9 of the “Formulário de Referência”.
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PETRÓLEO BRASILEIRO S.A--PETROBRAS | ||
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By: |
/S/ Almir Guilherme Barbassa
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Almir Guilherme Barbassa
Chief Financial Officer and Investor Relations Officer |
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This press release 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 are not based on historical facts and are not assurances of future results. These forward-looking statements are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results o f operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
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