Company: PBR
Filing Date: 2025-08-26
Form Type: 6-K/A
Source: 0001292814-25-003156
Chunk: 20

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-08-26
Form: 6-K/A
Chunk 20
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Brasileiro S.A. – Petrobras, Petrobras International Braspetro B.V. (PIB BV), Petrobras Global Finance B.V. (PGF), Petrobras Oil
& Gas B.V. (PO&G) and some former Petrobras managers. The Foundation alleges that it represents the interests of an unidentified
group of investors and asserts that, based on the facts revealed by the Lava-Jato Operation, the defendants acted illegally before the
investors. On May 26, 2021, the District Court of Rotterdam decided that the class action should proceed and that the arbitration clause
of Petrobras' bylaws does not prevent the Company's shareholders from having access to the Dutch Judiciary and have their interests represented
by the “Foundation”. However, the interests of investors who have already started arbitration against Petrobras or who are
parties to legal proceedings in which the applicability of the arbitration clause has been definitively recognized are excluded from the
scope of the action.

On July 26, 2023, the Court issued an intermediary
decision on the merits which provided the following understanding: (i) the requests made against PIB BV, PO&G and certain former members
of the Company’s management were rejected; (ii) the Court declared that Petrobras and the PGF acted illegally in relation to their
investors, although the Court expressed it does not consider itself sufficiently informed about relevant aspects of Brazilian, Argentine
and Luxembourger laws to definitively decide on the merits of the action; and iii) the alleged rights under Spanish legislation are prescribed.

Regarding the aspects of Brazilian, Argentine and
Luxembourger laws considered relevant to the sentence, the Court ordered the production of technical evidence by Brazilian and Argentine
experts and by Luxembourger authorities.

On October 30, 2024, after the parties' comments
on the technical evidence, the District Court of Rotterdam issued a ruling, in which it broadly accepted Petrobras' arguments regarding
the requests presented in favor of the Company's shareholders and considered that: i) in accordance with Brazilian legislation, all damages
alleged by the Foundation qualify as indirect and are not subject to compensation; and ii) according to Argentine law, shareholders cannot,
in principle, request compensation from the Company for damages alleged by the Foundation, and the Foundation has not demonstrated that
it represents a sufficient number of investors who could, in theory, present such a request.

Therefore, the District Court of Rotterdam rejected