Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000670
Chunk: 86

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 86
---
 acted
illegally under Dutch law.

Furthermore, the Court confirmed the following
issues of the decision released to the market on July 26, 2023: (i) rejection of the allegations against PIBBV, POG BV and the former
CEOs of Petrobras, Maria das Graças Silva Foster and José Sérgio Gabrielli de Azevedo; and (ii) prescription of requests
formulated in accordance with Spanish legislation.

The Foundation and PGF have appealed the ruling
and previous interim decisions and will have the opportunity to substantiate their own appeals and respond to each other's appeals, before
judgment by the Court of Appeal in The Hague. Petrobras will still be able to present its own appeal within the deadline for responding
to the Foundation's appeal.

In relation to bondholders, the Foundation cannot
claim compensation under the class action, which will depend not only on a final result favorable to the interests of the investors in
the class action, but also on the filing of subsequent actions by or on behalf of the investors by the Foundation itself, an opportunity
in which Petrobras will be able to offer all the defenses already presented in the class action and others that it deems appropriate,
including in relation to the occurrence and quantification of any damages that must be proven by the potential beneficiaries of the decision
or by the Foundation. Any compensation for the alleged damages will only be determined by court decisions in subsequent actions.

This class action involves complex issues and the
outcome is subject to substantial uncertainties, which depend on factors such as: the scope of the arbitration clause of the Petrobras
Bylaws, the jurisdiction of the Dutch courts, the scope of the agreement that ended the Class Action in the United States, the Foundation's
legitimacy to represent the interests of investors, the several laws applicable to the case, the information obtained from the production
phase of evidence, the expert analyses, the timetable to be defined by the Court and the judicial decisions on key issues of the process,
possible appeals, including before the Dutch Supreme Court, as well as the fact that the Foundation seeks only a declaratory decision
in this class action.

The Company, based on the assessments of its advisors,
considers that there are not enough indicative elements to qualify the universe of potential beneficiaries of a possible final decision
unfavorable to Petrobras' interests, nor to quantify the supposedly compensable damages.

Thus, it is currently not possible to predict whether
the Company will be liable for the