PRESS RELEASE

Mothballing of Fertilizer Plants

By
Tuesday, October 30, 2018

Petrobras press release

Petrobras, following up on the release disclosed on 03/28/2018, informs that it postponed until 1/31/2019 the mothballing of the fertilizer plants located in Sergipe (Fafen-SE) and Bahia (Fafen-BA).

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The company continues to evaluate alternatives to the mothballing with government representatives and industry federations of the states of Sergipe and Bahia and other participants, so this additional time is necessary to complete the analysis of the alternatives to the mothballing, provided that the minimum levels of profitability of Petrobras are maintained. Among these alternatives, leasing the plants to third parties is being considered.

Future steps in the analyses development will be communicated to the market.