Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 159

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 159
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 any person or entity (including, without limitation,
ADR holders and beneficial owners of ADSs), whether or not foreseeable and regardless of the type of action in which such a claim may
be brought.

The depositary and its agents may own and deal
in any class of securities of Petrobras and its affiliates and in ADSs.

Disclosure of Interest in ADSs

To the extent that the provisions of or governing
any deposited securities or Petrobras’ constituent documents may require disclosure of or impose limits on beneficial or other ownership
of, or interests in, deposited securities, other shares and other securities and may provide for blocking transfer, voting or other rights
to enforce such disclosure or limits, ADR holders and beneficial owners of ADSs agree to comply with all such disclosure requirements,
including without limitation, requirements of Brazilian law, including the rules and requirements of the Brazilian Central Bank and
ownership limitations and to comply with any reasonable instructions from Petrobras and requests in respect thereof, including, without
limitation, requests for information as to the identity of any holder of an interest in an ADR and the nature of such interest, whether
or not such ADR holder continues to hold such interest at the time of the request. Petrobras reserves the right to instruct ADR holders
(and through any such ADR holder, the beneficial owners of ADSs evidenced by the ADRs registered in such ADR holder’s name) to deliver
their ADSs for cancellation and withdrawal of the deposited securities so as to permit Petrobras to deal directly with the ADR holder
and/or beneficial owner of ADSs as a holder of shares and, by holding an ADS or an interest therein, ADR holders and beneficial owners
of ADSs will be agreeing to comply with such instructions.

Books of Depositary

The depositary or its agent will maintain a register
for the registration, registration of transfer, combination and split-up of ADRs, which register shall include the depositary’s
direct registration system. ADR holders may inspect such records at the depositary’s office at all reasonable times, but solely
for the purpose of communicating with other ADR holders in the interest of Petrobras’ business or a matter relating to the deposit
agreements. Such register (and/or any portion thereof) may be closed at any time or from time to time, when deemed expedient by the depositary,
and the depositary may also close the issuance book portion of such register when reasonably requested by Petrobras solely in order to
enable it to