Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 68

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 68
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 would depend on evidence of damages by EIG at
a trial hearing. There are some discussions about the scope of the assets blocked by EIG, but there is no related lawsuit pending in the
Netherlands. This precautionary block does not prevent Petrobras and its subsidiaries from complying with their obligations to third parties.

| 19.5. | Arbitrations proposed by non-controlling 
 shareholders in Brazil                   |

Petrobras is also currently a party to seven arbitrations
proceedings before the Market Arbitration Chamber ( Câmara de Arbitragem do Mercado- CAM), linked to the Brazilian Stock Exchange (B3), brought by investors who purchased Petrobras’ shares traded on B3. Six of these arbitrations
were initiated by national and foreign investors. The other proceeding was brought by an association that is not a shareholder of the
Company and intended to be a collective arbitration, through representation of all non-controlling shareholders of Petrobras that acquired
shares on B3 between January 22, 2010 and July 28, 2015. Investors claim alleged financial losses caused by facts related to the investigations
of the so-called Lava Jato investigation.

These claims involve complex issues that are subject
to substantial uncertainties and involve factors such as the novelty of the legal theories, the timing of the Chamber of Arbitration decisions,
the information produced in discovery, besides analysis by retained experts.

The claims asserted are broad and span a multi-year
period. The uncertainties inherent in all such matters affect the amount and timing of their ultimate resolution. As a result, the Company
does not have elements that allow it to provide a reliable estimate of the potential loss in this arbitration.

Depending on the outcome of the remaining complaints,
the Company may have to pay substantial amounts, which may have a significant effect on its consolidated financial position, financial
performance and cash flows in a certain period. However, Petrobras does not recognize responsibility for the losses alleged by investors
in these arbitrations.

These arbitrations are in different stages of processing.

In relation to one of the arbitrations, proposed
by two institutional investors, on May 26, 2020, a partial award was issued which generally recognized the Company's responsibility, but
not determined the payment of amounts by Petrobras. Against these decisions, Petrobras filed a lawsuit for the annulment of the partial
arbitral award on July 20, 2020, as the Company understands that the award contains serious flaws and improprieties.