Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 158

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 158
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 has no obligation to inform ADR
holders or beneficial owners of ADSs about the requirements of any laws, rules or regulations or any changes therein or thereto.

Additionally, none of Petrobras, the depositary
or the custodian shall be liable for the failure by any ADR holder or beneficial owner of ADSs to obtain the benefits of credits or refunds
of non-U.S. tax paid against such ADR holder’s or beneficial owner’s income tax liability. The depositary is under no obligation
to provide ADR holders or beneficial owners of ADSs, or any of them, with any information about Petrobras’ tax status. Neither Petrobras
nor the depositary shall incur any liability for any tax or tax consequences that may be incurred by ADR holders or beneficial owners
of ADSs on account of their ownership or disposition of the ADRs or ADSs.

<div align='center'>46</div>

Neither the depositary nor its agents will be responsible
for any failure to carry out any instructions to vote any of the deposited securities, for the manner in which any such vote is cast,
including without limitation any vote cast by a person to whom the depositary is required to grant a discretionary proxy pursuant to the
deposit agreements, or for the effect of any such vote. The depositary may rely upon instructions from Petrobras or its counsel in respect
of any approval or license required for any currency conversion, transfer or distribution. The depositary shall not incur any liability
for the content of any information submitted to it by Petrobras or on Petrobras’ behalf for distribution to ADR holders or for any
inaccuracy of any translation thereof, for any investment risk associated with acquiring an interest in the deposited securities, for
the validity or worth of the deposited securities, for the credit-worthiness of any third party, for allowing any rights to lapse upon
the terms of the deposit agreements or for the failure or timeliness of any notice from Petrobras. The depositary shall not be liable
for any acts or omissions made by a successor depositary whether in connection with a previous act or omission of the depositary or in
connection with any matter arising wholly after the removal or resignation of the depositary. Neither the depositary nor any of its agents
shall be liable to ADR holders or beneficial owners of ADSs for any indirect, special, punitive or consequential damages (including, without
limitation, legal fees and expenses) or lost profits, in each case of any form incurred by