Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 138

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 138
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 to exercise any
rights you may have. For all purposes under the deposit agreements, an ADR holder is deemed to have all requisite authority to act on
behalf of any and all beneficial owners of the ADSs evidenced by the ADRs registered in such ADR holder’s name. The depositary’s
only notification obligations under the deposit agreements shall be to the ADR holders, and notice to an ADR holder shall be deemed, for
all purposes of the deposit agreements, to constitute notice to any and all beneficial owners of the ADSs evidenced by such ADR holder’s
ADRs.

As an ADR holder, Petrobras will not treat you
as a shareholder of Petrobras and you will not have any shareholder rights. Brazilian law governs shareholder rights. Because the depositary
or its nominee will be the shareholder of record for the shares represented by all outstanding ADSs, shareholder rights rest with such
record holder. Your rights are those of an ADR holder. Such rights derive from the terms of the deposit agreements. The obligations of
Petrobras, the depositary and its agents are also set out in the deposit agreements. Because the depositary or its nominee will actually
be the registered owner of the shares, you must rely on it to exercise the rights of a shareholder on your behalf.

The following is a summary of what we believe to
be the material terms of the deposit agreements. Notwithstanding this, because it is a summary, it may not contain all the information
that you may otherwise deem important. For more complete information, you should read the entire deposit agreements and the form of ADRs
which contain the complete terms of the ADSs. Copies of the deposit agreements are on file with the SEC and incorporated by reference
in this prospectus. See “Where You Can Find More Information.”

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Share Dividends and Other Distributions

How will I receive dividends and other distributions on the shares underlying my ADSs?

Petrobras may make various types of distributions
with respect to its shares. The depositary has agreed that, to the extent practicable, it will pay to you the cash dividends or other
distributions it or the custodian receives on shares or other deposited securities, after converting any cash received into U.S. dollars
(if it determines such conversion may be made on a reasonable basis) and, in all cases, making any necessary deductions provided for in
the deposit agreements. The depositary may utilize a division