PUBLICITY MATERIAL Questions and Answers
Petróleo Brasileiro S.A. - PETROBRAS Publicly Traded Company with Fully Paid-In Stockholders’ Capital Corporate Taxpayer Registration Number - CNPJ/MF n° 33.000.167/0001-01 Corporate Identification Number - NIRE 33.300.032.061 Avenida República do Chile, n° 65, Centro Rio de Janeiro – RJ ISIN Code: BRPETRACNOR9 (Common shares) BRPETRACNPR6 (preference shares) Ticker symbols on the BM&FBOVESPA S.A. – Stock, Commodities and Futures market (“BM&FBOVESPA”): “PETR3” (Common shares) “PETR4” (preference shares)
The present public share offering (program) was drawn up in accordance with the regulatory norms and best practices of ANBIMA for Public Distribution Offers and Acquisitions of Equities.
I. QUESTIONS AND ANSWERS
PLEASE READ THE COMPANY’S PRELIMINARY PROSPECTUS AND REFERENCE FORM BEFORE INVESTING, PARTICULARLY THE SECTION CONCERNING RISK FACTORS.
The information included in this material does not substitue in any way a detailed reading of the Preliminay Prospectus and Reference Form. The Preliminary Prospectus and Reference Form are available on the Internet in the sections indicated from page 9 of this publicity material.
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PUBLICITY MATERIAL Questions and Answers QUESTIONS AND ANSWERS ABOUT THE PRIMARY PUBLIC OFFERING OF COMMON AND PREFERENCE SHARES ISSUED BY PETRÓLEO BARSILEIRO S.A. – PETROBRAS The terms shown herein in Capital Letters, when not defined any differently, will take the meanings attributed them in the previously released Market Information and Preliminary Share Offer documents. 1. How many shares will be included in the Offer? A total of 2,174,073,900 Common Shares and 1,585,867,998 Preference Shares issued by the Company, all nominative, book entry, with no nominal value, free and clear of any onus or burden. 2. How will the acquisition of the Shares be made during the Preemptive Rights Offer Period? The existing holders of Common and Preference Shares will be guaranteed the chance to take part in the Company’s Share Offer, by means of a Preemptive Rights Offering. The holders of shares already issued by the Company, as long as they were registered as such on September 10, 2010, will have the right to subscribe to 0.342822790 of a share in the Preemptive Rights Offering for each share issued by the Company, as held on September 17, 2010. If this ratio results in a fraction of a share, the investment value will be limited to the value corresponding to the highest whole number of shares in the Preemptive Rights Offering. In terms of the Preemptive Rights Offering, a total of up to 1,739,259,091 Common Shares will be distributed, corresponding to up to 80% of the Common Shares included in the Offer and 1,268,694,377 Preference Shares, corresponding to up to 80% of the Preference Shares included in the Offer, excluding the exercising of Options for Additional Shares and option for the Supplementary Lot, which are primarily destined for public placement with the Shareholders that make reserve requests by filling out the Shareholders’ Reserve Request Form during the Preemptive Rights Offering Reserve Period (in accordance with item 6 below), and that wish to exercise their preemptive rights in accordance with the procedure described below. Each Shareholder making a request in the Preemptive Rights Offering during the Reserve Period to subscribe to Shares in this same Offer, is assured a number equivalent to their respective percentage stake holdings, according to the class of shares, in the of Common Shares and/or Preference Shares in the Company’s total capital stock; as of September 17, 2010 applied to the number of Common Shares and/or Preference Shares in the Preemptive Rights Offering, rounding this figure up to the higher whole number of Shares. 3. How many Shares will be included in the Retail Offer? The Retail Offer consists of the placement of a minimum of 10% and a maximum of 20% of the number of Shares the result of subtracting (i) the number of Shares allocated in the Brazilian Offer (excluding the exercising of rights related to the Additional Lot Option and/or Supplementary Lot), less (ii) the number of Shares subscribed to in the Preemptive Rights Offering, with Employees having priority in the context of the allocation of the Retail Offer, in accordance with the rules related to the specific issue of Special Allocation to Employees. 4. What is the target public? a) The Preemptive Rights Offering: → Destined for the current holders of Common and Preference Shares, as long as they have held custody of the same as of September 10, 2010, and who will have preference in the subscription
PLEASE READ THE COMPANY’S PRELIMINARY PROSPECTUS AND REFERENCE FORM BEFORE INVESTING, PARTICULARLY THE SECTION CONCERNING RISK FACTORS.
The information included in this material does not substitue in any way a detailed reading of the Preliminay Prospectus and Reference Form. The Preliminary Prospectus and Reference Form are available on the Internet in the sections indicated from page 9 of this publicity material.
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PUBLICITY MATERIAL Questions and Answers to 80% of the Shares included in the Offer, observing the percentage stake in capital stock in the Company held as of September 17, 2010. b) In the Retail Offering: → Destined to Non-Institutional Investors, of whatever type, individual or corporate investors, residents and domiciled, or based in Brazil, and investment clubs registered with the BM&FBOVESPA, in accordance with the terms of existing regulations, and that are not considered Institutional Investors. c) In the Institutional Offer: → Destined to Institutional Investors, of whatever type, individual or corporate investors, investment clubs registered with the BM&FBOVESPA, whose individual or global investment intentions exceed the limit of R$300,000.00, for each share class included in the Offer, as well as the investment funds (with the exception of FIA-Petrobras Funds), pension funds, entities managing third-party funds registered with the CVM, entities authorized to operate by the Central Bank of Brazil - BACEN, co-ownership’s set up to invest in equity security portfolios registered with the CVM and/or BM&FBOVESPA, insurance companies, complementary social security entities and those designed for capitalization, qualified investors as defined by the CVM regulations, and foreign investors that invest in Brazil in accordance with the investment mechanisms stipulated in Law 4,131 or CMN Resolution CMN 2,689 and CVM Instruction 325 and other local and foreign institutional investors. 5. Who are the People considered Linked to the Offer? Controllers or administrators of the Institutions Participating in the Brazilian Offer, of the Company, the Company’s controller, as well as any other linked to the issue and distribution, as well as their partners, immediate family, including and through to the second generation (article 55 of CVM Instruction nº 400, of December 29, 2003). 6. When is the period for making Reserve Requests? → Reserve Period for the Preemptive Rights Offering for Shareholders linked to the Offer: September 13, 2010 to September 14, 2010; → Reserve Period for the Preemptive Rights Offering for Shareholders not linked to the Offer: September 13, 2010 to September 16, 2010; → Reserve Period for the Retail Offer to Persons Linked to the Offer: September 13, 2010 to September 14, 2010; → Reserve Period for the Retail Offer to Persons not Linked to the Offer: September 13, 2010 to September 22, 2010; → Period of subscription for Privatization Mutual Funds – FGTS: September 13, 2010 to September 16, 2010; and → Period of subscription for FIA-Petrobras Funds, investment funds in Shares in the Company specifically set up for this Offer: September 13, 2010 to September 22, 2010. 7. What are the subscription limits to the Offer for each type of investor? a) In the Priority Offer - Preemptive Rights Offering: PLEASE READ THE COMPANY’S PRELIMINARY PROSPECTUS AND REFERENCE FORM BEFORE INVESTING, PARTICULARLY THE SECTION CONCERNING RISK FACTORS.
The information included in this material does not substitue in any way a detailed reading of the Preliminay Prospectus and Reference Form. The Preliminary Prospectus and Reference Form are available on the Internet in the sections indicated from page 9 of this publicity material.
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PUBLICITY MATERIAL Questions and Answers
→ For Shareholders included in the Preemptive Rights Offering, there are no minimum or maximum limits for investment in the Shares included in this Offer. b) In the Retail Offer: Direct Cash Purchase: → Minimum value: R$ 1,000.00 for Common Shares and/or Preference Shares, considered separately; → Maximum Value: R$ 300,000.00 for Shares Common and/or Preference Shares, considered separately. c) Specific Rule for Employees (adhering or not to the Share Incentive Plan - SIP): → Minimum value: R$ 1,000.00 for Common Shares and/or Preference Shares, considered separately; → Maximum Value: R$ 300,000.00 for Shares Common and/or Preference Shares, considered separately. d) Adhesion via FIA-Petrobras funds, investment funds in Preference Shares in the Company specifically set up for this Offer: → Minimum value: R$ 200.00; → Maximum value: R$ 300,000.00. 8. How are the limits controlled? The limits are controlled based on the investor’s CPF/CNPJ number. 9. What are the types of investment included in the Retail Share Offer? a) For the investors qualified as Employees, governed or not, to use the Share Incentive Plan (SIP): → Direct cash purchase; → FIA-Petrobras Funds, investment funds in Preference Shares in the Company specifically set up for this Offer; b)
For investors qualified as Employees that wish to use the Share Incentive Plan (SIP): Direct cash purchase; Obs. Employees that acquire Shares making use of the Share Incentive Plan - SIP (described below) cannot offer, sell, rent (loan), contract the sale, provide as a guarantee or any other form of pledge or right these shares for a lock-up period of 365 days (three hundred and sixty five days), from the publication date of the Initial Announcement of the distribution, scheduled for September 24, 2010 (this means that the Shares acquired in this way at the Offer cannot be traded until September 24, 2011). c) For the other investors: → Direct cash purchase; → Shares Funds Obs.: It is prohibited for any investor to participate in more than one FIA-Petrobras Fund, investment funds in Preference Shares in the Company specifically set up for this Offer.
PLEASE READ THE COMPANY’S PRELIMINARY PROSPECTUS AND REFERENCE FORM BEFORE INVESTING, PARTICULARLY THE SECTION CONCERNING RISK FACTORS.
The information included in this material does not substitue in any way a detailed reading of the Preliminay Prospectus and Reference Form. The Preliminary Prospectus and Reference Form are available on the Internet in the sections indicated from page 9 of this publicity material.
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PUBLICITY MATERIAL Questions and Answers 10. How will the Offer Subscription be carried out for FIA-Petrobras Funds, investment funds in Preference Shares in the Company specifically set up for this Offer? Subscriptions to the Offer through FIA-Petrobras Funds, investment funds in Shares in the Company specifically set up for this Offer, can be made during the subscription periods defined in item 6 above, together with the Institutions Participating in the Offer that constitute these investment vehicles. Subscription through these methods is considered an indirect investment, as it will be made by means of investment in share quotas in FIA-Petrobras funds, investment funds in Preference Shares in the Company specifically set up for this Offer, in which the investor will become a shareholder in the respective FIA-Petrobras Fund and not a direct purchaser of Shares. The FIA-Petrobras funds referred to must have a minimum of 80% of Preference Shares in the Company in their asset base, and a maximum of 20% in fixed income federal public securities. 11. Can FGTS funds be used to subscribe to the Offer? Quota holders in the Privatization Mutual Funds - FGTS holders of Shares issued by the Company on the date Law 12,276 (June 30, 2010) was published and September 10, 2010 can participate in the Preemptive Rights Offer through the respective Privatization Mutual Funds - FGTS, using the funds related to accounts linked to the Government’s Severance Indemnity Fund for Employees - FGTS that are shareholders, up to a limit of 30% (thirty percent) of their respective account balances, in accordance with Law 12,276. 12. How will the subscription to the Offer be made for Privatization Mutual Funds – FGTS? The employee or quota holder in the Privatization Mutual Fund - FGTS, and owner of Shares issued by the Company interested in using their FGTS funds to transfer into one of the Privatization Mutual Funds FGTS, should do so during the subscription periods defined in item 6 above, by applying to the institution managing the Privatization Mutual Funds - FGTS, armed with statements concerning the FGTS accounts to be used to formalize this subscription to the new quota offer in one of the Privatization Mutual Funds FGTS. 13. Can I make a Reserve Request and then cancel it? No, the Reserve Request is irrevocable and non-retractable. Investors may only desist in the cases of events listed in the Market Information, the Preliminary Prospectus and Reserve Request. Please read carefully the Reserve Request available from the Institutions Participating in the Offer. In the cases not defined in these documents, the Reserve Request cannot be cancelled. 14. What is the Prospectus? It is the document that presents all the information about the Offer to the investor, including about the Company, and should thus be read by investors before subscribing to the Offer, together with the Company’s Reference Form. Both these documents can be accessed at the Internet pages indicated in the item “Information Additional” below. 15. Can Shareholders make several reserve requests? Yes, as described below: The Shareholder can make (i) a Reserve Request in the Preemptive Rights Offer to subscribe to Common Shares, as long as they own Common Shares in Company as of September 10, 2010; and, simultaneously, (ii) a Reserve Request in the Preemptive Rights Offer to subscribe to Preference Shares, as long as they own Preference Shares in the Company as of September 10 2010.
PLEASE READ THE COMPANY’S PRELIMINARY PROSPECTUS AND REFERENCE FORM BEFORE INVESTING, PARTICULARLY THE SECTION CONCERNING RISK FACTORS.
The information included in this material does not substitue in any way a detailed reading of the Preliminay Prospectus and Reference Form. The Preliminary Prospectus and Reference Form are available on the Internet in the sections indicated from page 9 of this publicity material.
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PUBLICITY MATERIAL Questions and Answers A Shareholder of Common Shares that (i) makes a Reserve Request for Common Shares; and (ii) expresses an interest in investing in the Surplus of Common Shares from the Preemptive Rights Offer, may make a Reserve Request for the Balance of Preference Shares. A Shareholder of Preference Shares that (i) makes a Reserve Request for Preference Shares; and (ii) expresses an interest in investing in the Surplus of Preference Shares from the Preemptive Rights Offer, may make a Reserve Request for the Balance of Common Shares. As well as the reserve requests described above, Shareholders also quota holders in one or more of the Privatization Mutual Funds - FGTS as of September 10, 2010, may formalize a term of adhesion (subscription) to acquire new quotas in the Privatization Mutual Funds – FGTS. With no detriment to the abovementioned reserve requests, a Shareholder that wants to make an additional request to subscribe in Shares beyond the Proportional Subscription Limit, may do so in the Retail Share Offer as the limits of the same are respected, (i) Reserve Request for Common Shares and/or Preference Shares; and/or (ii) subscription through one of the FIA-Petrobras funds, as mentioned in item 10 above. 16. Can investors that are not Shareholders makes several reserve requests? For investor that are not Shareholders, it is possible to make (i) Reserve Requests for Common Shares and/or Preference Shares; and/or (ii) subscriptions through one of the FIA-Petrobras funds, as mentioned in item 10 above; and/or (iii) formalization of a term of adhesion/subscription to new quotas in one of the to acquire new quotas in the Privatization Mutual Funds – FGTS Shareholders in the Company, in accordance with the terms defined in item 10 above, as long as the investor is a quota holder quota holder in one of the Privatization Mutual Funds – FGTS as of September 10, 2010. 17. Can investors make a Reserve Request through more than one Financial Institution? No. If a request is made through more than one Financial Institution, the second Reserve Request will be rejected. 18. Can Company Employees invest in more than one class in the Retail Share Offer? Yes, Employees can (i) make Reserve Requests for Common Shares and/or Preference Shares; and/or (ii) subscribe through one of the FIA-Petrobras funds, as mentioned in item 10 above. The Incentive Plan, mentioned in item 9 above, can only be used by Employees to acquire Common Shares and/or Preference Shares directly. An Employee that opts for the incentive in the Reserve Request linked to the Retail Share Offer have the right to receive a credit (incentive) valued at 15% of their intended investment value (observing the maximum investment limit of R$300,000.00), which will be paid by the Company or Employer, as is the case, to the Employee, via a credit in the Employee’s current account within 30 days of the date the effective payment is due for the Shares the Employee intends to subscribe to. For the purposes of the present Offer, Employees are considered the individuals included in the list of directors in the Company or its active work active and administrators (excluding members of the Board of Directors) the companies: Alberto Pasqualini – Refap S.A., Breitener Energética S.A., Breitner Tambaqui S.A., Breitner Jaraqui S.A., FAFEN Energia S.A., Petrobras Comercializadora de Energia Ltda. – PBEN, Petrobras Gás S.A. – Gaspetro, Petrobras Negócios Eletrônicos S.A., Ipiranga Asfaltos S.A., Petrobras Biocombustível S.A., Petrobras Distribuidora S.A. – BR, Petrobras Química S.A. – Petroquisa, Petrobras Transporte S.A – Transpetro, Termoaçu S.A., Termobahia S.A., Termoceará Ltda., Termomacaé Ltda, Termorio S.A., Transportadora Brasileira Gasoduto Bolívia – Brasil S.A., Usina Termelétrica de Juiz de Fora S.A., Company Integrada Têxtil de Pernambuco – Citepe, Company Petroquímica de Pernambuco – PLEASE READ THE COMPANY’S PRELIMINARY PROSPECTUS AND REFERENCE FORM BEFORE INVESTING, PARTICULARLY THE SECTION CONCERNING RISK FACTORS.
The information included in this material does not substitue in any way a detailed reading of the Preliminay Prospectus and Reference Form. The Preliminary Prospectus and Reference Form are available on the Internet in the sections indicated from page 9 of this publicity material.
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PUBLICITY MATERIAL Questions and Answers Petroquímica Suape, Liquigás Distribuidora S.A., Sociedade Fluminense de Energia Ltda. and UTE Bahia I Camaçari Ltda., as registered on September 3, 2010. Before filling out a specific Reserve Request, the Employees of the companies: Termoaçu S.A., Breitener Energética S.A., Breitner Tambaqui S.A., Breitner Jaraqui S.A., Transportadora Brasileira Gasoduto Bolívia – Brasil S.A. and Alberto Pasqualini – Refap S.A should certify if they are included in the Incentive Plan by Reading the text in the relevant Market Information published. 19. What is the Price of the Shares? •
Offer Price: → The price of each Share will be fixed (i) after the reserve requests have been made and (ii) after finalizing the procedure for collecting intentions to invest, to be carried out in Brazil together with the Coordinators of the Offer, in accordance with articles 23, § 1°, and 44 of CVM Instruction 400 (Bookbuilding Procedure); → The Bookbuilding Procedure consists of determining the sale price of Shares based on the level of intentions to purchase shown by Institutional Investors, or, how much Shares each Institutional Investor intends to pay for each Share; → The Shareholders that subscribe exclusively to the Preemptive Rights Offer and the NonInstitutional Investors that subscribe to the Retail Share Offer cannot participate in the Bookbuilding Procedure and thus are excluded from the process of determining the Share Price.
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Price stipulated by the Investor: → The Shareholders or Investors that present Reserve Requests have an option to state the maximum price they are willing to pay to subscribe to/acquire each Share; → If the Shareholder or Investor has indicated value other than zero, it means that this is the maximum price they are prepared to pay to subscribe to/acquire the Shares. However, if the Offer Price is: ⇒ Higher than the maximum price defined by the Shareholder or Investor, the Reserve Request will be rejected; ⇒ Lower or equal to the maximum price defined by the Shareholder or Investor, the Reserve Request will be accepted; → It will not be possible to determine the maximum price for Investors in the FIA-Petrobras funds and Privatization Mutual Funds – FGTS.
20. Is there a risk of Investors in the Retail Share Offer not receiving all the Shares corresponding to their Reserve Request? Yes. If the total number of Shares allocated for the Reserve Requests made in the Retail Share Offer is not sufficient to meet the demand, there will be a pro rata distribution, in accordance with the rules described below: (a) an installment equivalent to 50% of the Retail Share Offer (which in no hypothesis will be more than 0.8% of the Offer, excluding the exercising of Options for the Additional Lot and/or Supplementary Lot) will be set aside for Employees;
PLEASE READ THE COMPANY’S PRELIMINARY PROSPECTUS AND REFERENCE FORM BEFORE INVESTING, PARTICULARLY THE SECTION CONCERNING RISK FACTORS.
The information included in this material does not substitue in any way a detailed reading of the Preliminay Prospectus and Reference Form. The Preliminary Prospectus and Reference Form are available on the Internet in the sections indicated from page 9 of this publicity material.
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PUBLICITY MATERIAL Questions and Answers (b) after the Special Allocation to Employees as described in item “a)” above, a pro rata distribution of Shares in the Retail Offer will be made among all Non-institutional Investors, in proportion to the value of each Reserve Request made in the Retail Share Offer, excluding the fractions of Shares in the Brazilian Offer; and (c) as long as the total of Reserve Requests made at the Retail Share Offer by Employees is more than 50% of the Shares allocated for the Retail Share Offer, with these limits applying to both Common Shares and Preference Shares separately, a pro rata distribution will made for the number of Shares subject to the Special Allocation for Employees. In this case, the criteria for the pro rata distribution to be adopted among the Employees will be the same as described in item (b) above. 21. What is the physical and financial settlement related to the operation? The physical and financial settlement is the settling of accounts between the Financial Institutions Participating in the Offer and the Company (through the intermediary BM&FBOVESPA) and takes place on the date on which the Shares are effectively transferred to the purchasers. This date will be after the Offer closing date and is scheduled to be on September 29, 2010. 22. How will the Shares purchased by paid for? Both in the Preemptive Rights Offer and the Retail Share Offer, including the FIA-Petrobras funds, payment for the investment will be made through a debit from a current account indicated by each Investor in their Reserve Requests and/or Term of Adhesion/Subscription, which is scheduled to be made on September 29, 2010, after the banks close, although this can be anticipated or postponed in accordance with the Offer conditions. In addition, in the Preemptive Rights Offer, Shareholders can pay for Shares using LFTs, in accordance with the procedure and rules detailed in the Market Information about the Offer and the Preliminary Prospectus. 23. How does an investor calculate the number of Shares acquired? By dividing the value stipulated in the respective Reserve Request made by the Investor by the final Share Offer price. 24. Could the Offer be cancelled? Yes. However, in the event the Public Offer is not finalized, Shareholders and Investors will be informed of its cancellation, including publishing this information to the market. Any amounts paid for the acquisition of Shares in the Offer by Investors will be fully reimbursed, with no monetary correction and with a deduction, if the case, for amounts related to taxes due. 25. How can one monitor the performance of the investment? The investor should multiply the number of Shares acquired by the price on the day of Common Shares and/or Preference Shares issued by the Company (Ticker symbol “PETR3” (Common Shares) and “PETR4” (Preference Shares) on the BM&FBOVESPA, on the website www.bmfbovespa.com.br/.
26. Is there any guaranteed remuneration related to this investment? Any investment in Shares involves an element of risk and should be considered over the long term. There is no guaranteed remuneration for this type of investment. The Company pays dividends when it makes a profit. In the same way share prices can appreciate, losses can be made, if the Company’s PLEASE READ THE COMPANY’S PRELIMINARY PROSPECTUS AND REFERENCE FORM BEFORE INVESTING, PARTICULARLY THE SECTION CONCERNING RISK FACTORS.
The information included in this material does not substitue in any way a detailed reading of the Preliminay Prospectus and Reference Form. The Preliminary Prospectus and Reference Form are available on the Internet in the sections indicated from page 9 of this publicity material.
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PUBLICITY MATERIAL Questions and Answers performance is not good or market conditions unfavorable. As a result, it is important to know the Company, the Market it operates in, and the most recent results and policies of remuneration to Shareholders before making any equity investment decision, and particularly have long-term investment horizon. 27. Are there any risks involved in this investment? What risks do investors run when acquiring these Shares? Yes. As all financial investments, the acquisition of Shares involves risks that, in the case of this Offer, could be related to macroeconomic factors, the Company, and/or the Offer. For a more detailed description of the risks related to the Company, please read the Reference Form. For a more detailed description of the risks related to the Offer, please read the Preliminary Prospectus. As such, we recommend that investors read the Reference Form and Preliminary Prospectus before accepting the Offer, and, particularly the section on “Risk Factors” and both these documents can be accessed at the Internet pages indicated in the item “Information Additional” below. 28. Where can any possible complaints be made about the Offer? The regulatory body in the capital market in Brazil is the country’s Securities and Exchange Commission Comissão de Valores Mobiliários (“CVM”). As such, any complaint about this offer should be sent to the CVM for it to take the adequate measures. 30. How do investors implement their subscription in the Offer? Investors should check with the Financial Institutions Participating in the Brazilian Offer, listed in the item “Additional Information” below, prior to making their Reserve Requests, any possible requirements related to the opening and maintenance of current accounts or investment accounts by the respective investor, as well as following their guidelines, to ensure they can subscribe to the Offer. II. Additional Information It is highly recommended that potential Investors read the Company’s Preliminary Prospectus and Reference Form before making any decision to invest in the Shares. Investors that want to get a copy of the Preliminary Prospectus or additional information about the Offer or the reservation of Shares, should, from the date the Market Information is published, go to the electronic addresses and pages on the global computer networks of the Offer Coordinators and/or Financial Institutions Participating in the Offer and/or the CVM as indicated below. In addition, investors can obtain an example of the Preliminary Prospectus at the offices of the Consortium Institutions accredited with the BM&FBOVESPA to participate in the Offer. O Preliminary Prospectus is available at the following electronic addresses and websites: (i) COMISSÃO DE VALORES MOBILIÁRIOS (THE BRAZILIAN SECURITIES AND EXCHANGE COMMISSION), located at Rua Sete de Setembro, n° 111, 5° andar (5th floor), in the City of Rio de Janeiro, in the State of Rio de Janeiro, and at Rua Cincinato Braga, n° 340, 2°, 3° e 4° andares (2nd, 3rd and 4th floors), in the City of São Paulo, in the State of São Paulo (www.cvm.gov.br – by accessing “Listed and Foreign Companies – Cias Abertas e Estrangeiras”, then accessing “Preliminary Prospectus for Distribution Prospectos de Distribuição Preliminares”, after, in item “Primary - Primárias”, “Shares” and accessing the link related to “Petróleo Brasileiro S.A. - PETROBRAS”, and clicking on “Minutes of - Minuta do Preliminary Prospectus”); (ii) BM&FBOVESPA S.A – (STOCK, COMMODITIES AND FUTURES MARKET) BOLSA DE VALORES, MERCADORIAS E FUTUROS (www.bmfbovespa.com.br – on this website access “Listed Companies - Empresas Listadas”, “PETROBRAS” – “Prospectus for Public Distribution - Prospecto de Distribuição Pública”); (iii) PETRÓLEO BRASILEIRO S.A. - PETROBRAS, with its headquarters at Avenida República do Chile, n° 65, in the City of Rio de Janeiro, in the State of PLEASE READ THE COMPANY’S PRELIMINARY PROSPECTUS AND REFERENCE FORM BEFORE INVESTING, PARTICULARLY THE SECTION CONCERNING RISK FACTORS.
The information included in this material does not substitue in any way a detailed reading of the Preliminay Prospectus and Reference Form. The Preliminary Prospectus and Reference Form are available on the Internet in the sections indicated from page 9 of this publicity material.
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PUBLICITY MATERIAL Questions and Answers Rio de Janeiro (www.petrobras.com.br/pt/investors/ – on this website access “Financial Information – Informacoes Financeiras” and then “ Prospectus - Prospectos”); (iv) BANCO MERRILL LYNCH DE INVESTIMENTOS S.A., with its headquarters at Avenida Brigadeiro Faria Lima, n° 3.400, 18º andar, in the City of São Paulo, in the State of São Paulo (www.merrilllynch-brasil.com.br – on this website access “Petrobras”); (v) BANCO BRADESCO BBI S.A., located at Avenida Paulista, n° 1450, 8° andar, in the City of São Paulo, in the State of São Paulo (www.bradescobbi.com.br/Offerspublicas – on this website access the item “Shares”, then click on “Petrobras” and “Preliminary Prospectus”); (vi) CITIGROUP GLOBAL MARKETS BRASIL, CORRETORA DE CÂMBIO, TÍTULOS E VALORES MOBILIÁRIOS S.A., with its headquarters at Avenida Paulista, n° 1.111, 11° e 14° andares (partes) in the City of São Paulo, in the State of São Paulo (www.citibank.com.br – at this website access “ Prospectus for Operations - Prospectos de Operacoes” and then “Preliminary Prospectus Petrobras”; (vii) BANCO ITAÚ BBA S.A., with its headquarters at Avenida Brigadeiro Faria Lima, n° 3.400, 5° andar, in the City of São Paulo, in the State of São Paulo (www.itaubba.com.br/portugues/atividades/prospectos.asp – on this website access “Petrobras” then “Preliminary Prospectus”); (viii) BANCO MORGAN STANLEY S.A., with an office at Avenida Brigadeiro Faria Lima, n° 3.600, 6° andar e 7° andar (parte), in the City of São Paulo, in the State of São Paulo (www.morganstanley.com.br/prospectos – on this website access “Preliminary Prospectus – Petrobras”); (ix) BANCO SANTANDER (BRASIL) S.A., with its headquarters at Avenida Presidente Juscelino Kubitschek, n° 2.041 e n° 2.235, Bloco A, in the City of São Paulo, in the State of São Paulo (www.santandercorretora.com.br – on this website access “Public Offers Offertas Públicas – Petrobras”) (x) BB-BANCO DE INVESTIMENTO S.A., with its headquarters at Rua Senador Dantas, n° 105, 36° andar, in the City of Rio de Janeiro, in the State of Rio de Janeiro (www.bb.com.br/Offerpublica – on this website access “Petrobras” then “Preliminary Prospectus”); (xi) BANCO BTG PACTUAL S.A., with its headquarters at Av. Brigadeiro Faria Lima, nº 3.729, 9º andar, in the City of São Paulo, in the State of São Paulo (www.btgpactual.com.br – on this website, access “Business Area - Área de Negócios”, then “Investment Banking”, and “Capital Markets - Mercado de Capitais”, “2010” and click on “Preliminary Prospectus” in the item "Preliminary Prospectus for the Public Offer and Distribution of Common and Preference Shares Issued by Petrobrás"); (xii) BANCO CRÉDIT AGRICOLE BRASIL S.A., with its headquarters at Alameda Itu, n° 852, 16o andar, in the City of São Paulo, in the State of São Paulo (http://www.ca-cib.com.br/ – on this website, access the link “Petrobras – Preliminary Prospectus for Issuance of Shares”); (xiii) BANCO DE INVESTIMENTOS CREDIT SUISSE (BRASIL) S.A., with its headquarters at Avenida Brigadeiro Faria Lima, nº 3064 – 12º, 13º e 14º andares (parte), in the City of São Paulo, in the State of São Paulo (https://br.creditsuisse.com/Offers/); (xiv) GOLDMAN SACHS DO BRASIL BANCO MÚLTIPLO S.A., with its headquarters at Av. Presidente Juscelino Kubitschek, n.º 510, 6º andar, in the City of São Paulo, in the State of São Paulo (http://www2.goldmansachs.com/worldwide/brazil/ipo/brazilian_offerings.html ); (xv) HSBC BANK BRASIL S.A. – BANCO MÚLTIPLO, with its headquarters at Avenida Brigadeiro Faria Lima n° 3.064, 4° andar, in the City of São Paulo, in the State of São Paulo (http://www.hsbc.com.br/1/2/portal/pt/para-sua-empresa/investimento/acoes/Offers-publicas – on this website access “Preliminary Prospectus – Petroleo Brasileiro S.A. Petrobras”); (xvi) BANCO J.P. MORGAN S.A., with its headquarters at Av. Brigadeiro Faria Lima, nº 3729, 13º andar, in the City of São Paulo, in the State of São Paulo http://www.jpmorgan.com/pages/jpmorgan/brazil/pt/business/prospectos/petrobras); (xvii) BANCO SOCIÉTÉ GENERALE BRASIL S.A., with its headquarters at Avenida Paulista, 2300, 9º andar, in the City of São Paulo, in the State of São Paulo (http://ww2.sgcib.com/brazil/Capital_Markets.rha – on this website access the link "Petrobras Prospectus - Prospecto Petrobras"); (xviii) BES INVESTIMENTO DO BRASIL S.A. - BANCO DE INVESTIMENTO, with its headquarters at Avenida Brigadeiro Faria Lima, 3.729, 6º Andar, in the City of São Paulo, in the State of São Paulo (www.besinvestimento.com.br/emissoes); (xix) DEUTSCHE BANK S.A. – BANCO ALEMÃO, with its headquarters at Avenida Brigadeiro Faria Lima, 3900, 13º e 14º andares, in the City of São Paulo, in the State of São Paulo (http://www.db.com/brazil/content/5030_Offers.htm); (xx) BANCO J SAFRA S.A., with its headquarters at Av. Paulista, nº 2150, in the City of São Paulo, in the State of São Paulo (www.safrabi.com.br – on this website access the link "Petrobras Follow-on – Preliminary Prospectus – Setembro de 2010"); (xxi) BANCO VOTORANTIM S.A., with its headquarters at Av. das Nacoes Unidas, 14.171, Torre A, 18º andar, in the City of São Paulo, in the State of São Paulo PLEASE READ THE COMPANY’S PRELIMINARY PROSPECTUS AND REFERENCE FORM BEFORE INVESTING, PARTICULARLY THE SECTION CONCERNING RISK FACTORS.
The information included in this material does not substitue in any way a detailed reading of the Preliminay Prospectus and Reference Form. The Preliminary Prospectus and Reference Form are available on the Internet in the sections indicated from page 9 of this publicity material.
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PUBLICITY MATERIAL Questions and Answers (http://www.bancovotorantim.com.br/Offerspublicas – on this website, in the section Prospectus for Equity Operations - Prospectos das Operacoes de Renda Variável, access the link “Petróleo Brasileiro S.A. – “Petrobras” – Preliminary Prospectus for the Issuance of “Follow On” Shares. The Reference Form is available at the following electronic addresses and websites: (i) THE BRAZILIAN SECURITIES AND EXCHNAGE COMMISSION - COMISSÃO DE VALORES MOBILIÁRIOS, located at Rua Sete de Setembro, n° 111, 5° andar, in the City of Rio de Janeiro, in the State of Rio de Janeiro, and Rua Cincinato Braga, n° 340, 2°, 3° e 4° andares, in the City of São Paulo, in the State of São Paulo (www.cvm.gov.br –access the pages “Listed and Foreign Companies - Cias Abertas e Estrangeiras”, then “ITR, DFP, IAN, IPE and other information”, then type in the Company’s CNPJ (33.000.167/0001-01), then go to the link “Reference Form - Formulário de Referência); (ii) BM&FBOVESPA S.A – (STOCK, COMMODITIES AND FUTURES MARKET) BOLSA DE VALORES, MERCADORIAS E FUTUROS (www.bmfbovespa.com.br – on this website access “Empresas Listadas”, then access “PETROBRAS” – “Relevant Information - Informacao Relevantes”, then access the link “Reference Form in file Formulário de Referência – em arquivo”); and (iii) PETRÓLEO BRASILEIRO S.A. - PETROBRAS, with its headquarters at Avenida República do Chile, n° 65, in the City of Rio de Janeiro, in the State of Rio de Janeiro (www.petrobras.com.br/pt/investors/ – on this website access “Public Offer - Offer Pública” then “Reference Form - Formulário de Referência”).
PLEASE READ THE COMPANY’S PRELIMINARY PROSPECTUS AND REFERENCE FORM BEFORE INVESTING, PARTICULARLY THE SECTION CONCERNING RISK FACTORS.
GLOBAL COORDINATORS AND JOINTBOOKRUNNERS
LEAD COORDINATOR
STABILIZING AGENT
OFFER COORDINATORS AND JOINTBOOKRUNNERS
COORDINATOR OF THE BRAZILIAN RETAIL OFFER
CONTRACTED COORDINATORS
PLEASE READ THE COMPANY’S PRELIMINARY PROSPECTUS AND REFERENCE FORM BEFORE INVESTING, PARTICULARLY THE SECTION CONCERNING RISK FACTORS.
The information included in this material does not substitue in any way a detailed reading of the Preliminay Prospectus and Reference Form. The Preliminary Prospectus and Reference Form are available on the Internet in the sections indicated from page 9 of this publicity material.
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