Information on Distance Voting

Rio de Janeiro, February 22, 2017 - Petroleo Brasileiro S.A. - Petrobras, in
compliance with CVM Instruction 561/2015, which established the distance voting
(Boletim de Voto a Distância) to be used at Ordinary General Meetings and
Extraordinary General Meetings, in which there are election of members of the
Boards of Directors and Fiscal Council, informs that has provided the
instructions to use the referred voting in its Formulário de Referência.
The information is updated in item 12.2 of the Form, in the sub-items below:
g. formalities required for acceptance of distance voting sent directly to the
company, indicating whether the issuer requires or waives signature
certification, notarization, and consulate validation.
h. if the company provides an electronic system to receive distance voting or
remote participation.
i. instructions for shareholders or group of shareholders to include
deliberation proposals, candidates to the Board of Directors and Fiscal Council
in the distance voting.
k. other information necessary for remote participation and the exercise of
distance voting.
The Form is available only in Portuguese on the Internet at the CVM website
(www.cvm.gov.br) or at Petrobras website (http://www.petrobras.com.br/ri).
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www.petrobras.com.br/ir
Contacts:
PETRÓLEO BRASILEIRO S.A. – PETROBRAS | Investor Relations Department I e-mail:
petroinvest@petrobras.com.br
Av. República do Chile, 65 – 10th floor, 1002 – B – 20031-912 – Rio de Janeiro,
RJ | Phone: 55 (21) 3224-1510 / 3224-9947
FORWARD-LOOKING STATEMENTS
This press release may contain 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 not based on historical
facts and are not assurances of future results. No assurance can be given that
the transactions described herein will be consummated or as to the ultimate
terms of any such transactions. All forward-looking statements are expressly
qualified in their entirety by this cautionary statement, and you should not
place reliance on any forward-looking statement contained in this press release.
Petrobras undertakes 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, 2015, and
the Company’s other filings with the U.S. Securities and Exchange Commission.