Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 141

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 141
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 depositary will issue additional ADRs                                                
 to evidence the number of ADSs representing such shares. Only whole ADSs will be issued. Any shares which would result in fractional ADSs 
 will be sold and the net proceeds will be distributed in the same manner as cash to the ADR holders entitled thereto. Any fees, taxes     
 and/or charges owing in connection with a share distribution will be collected from and/or owing by registered holders of ADSs.           |

| · | Rights. In the case of a distribution of rights to subscribe for additional shares or other                                              
 rights, if Petrobras timely provides evidence satisfactory to the depositary that it may lawfully distribute such rights, the depositary 
 will distribute warrants or other instruments in the discretion of the depositary representing such rights. However, if Petrobras does   
 not timely furnish such evidence, the depositary may.                                                                                    |

(i) sell such rights if practicable
and distribute the net proceeds in the same manner as cash to the ADR holders entitled thereto; or

(ii) if it is not practicable to sell such rights by
reason of the non-transferability of the rights, limited markets therefor, their short duration or otherwise, do nothing, in which case
ADR holders will receive nothing and the rights may lapse. Petrobras has no obligation to file a registration statement under the Securities
Act in order to make any rights available to ADR holders.

| · | Other Distributions. In the case of a distribution of securities or property other than                                                 
 those described above, the depositary may either (i) distribute such securities or property in any manner it deems equitable and        
 practicable or (ii) to the extent the depositary deems distribution of such securities or property not to be equitable and practicable, 
 sell such securities or property and distribute any net proceeds in the same way it distributes cash.                                   |

| · | Elective Distributions in Cash or Shares. In the case of a dividend payable at the election                                               
 of shareholders in cash or in additional shares, Petrobras will notify the depositary at least 30 days prior to the proposed distribution 
 stating whether or not it wishes such elective distribution to be made available to ADR holders. The depositary shall make such elective  
 distribution available to ADR holders only if (i) Petrobras shall have timely requested that the elective distribution is available       
 to ADR holders, (ii) the depositary shall have determined that such distribution is reasonably practicable and (iii)