Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 147

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 147
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 time. The depositary will not itself exercise any voting discretion.
Notwithstanding anything contained in the deposit agreements or any ADR, the depositary may, to the extent not prohibited by any law,
rule or regulation, or by the rules and/or requirements of the stock exchange on which the ADSs are listed, in lieu of distribution
of the materials provided to the depositary in connection with any meeting of, or solicitation of consents or proxies from, holders of
deposited securities, distribute to the ADR holders a notice that provides such ADR holders with, or otherwise publicizes to such ADR
holders, instructions on how to retrieve such materials or receive such materials upon request (i.e., by reference to a website containing
the materials for retrieval or a contact for requesting copies of the materials).

There is no guarantee that ADR holders and beneficial
owners of ADSs generally, or any ADR holder or beneficial owner of ADSs in particular, will receive voting materials in time to instruct
the depositary to vote and it is possible that you, or persons who hold their ADSs through brokers, dealers or other third parties, will
not have the opportunity to exercise a right to vote.

Fees and Expenses

What fees and expenses will I be responsible for paying?

The depositary may charge and collect from each
person to whom ADSs are issued, including, without limitation, issuances against deposits of shares, issuances in respect of share distributions,
rights and other distributions, issuances pursuant to a stock dividend or stock split declared by Petrobras or issuances pursuant to a
merger, exchange of securities or any other transaction or event affecting the ADSs or deposited securities, and each person surrendering
ADSs for withdrawal of deposited securities or whose ADSs are cancelled or reduced for any other reason, $5.00 or less for each 100 ADSs
(or any portion thereof) issued, delivered, reduced, cancelled or surrendered or upon which a share distribution or elective distribution
is made or offered, as the case may be. The depositary may sell (by public or private sale) sufficient securities and property received
in respect of a share distribution, rights and/or other distribution prior to such deposit to pay such charge.

The following additional charges shall be incurred
by the ADR holders and beneficial owners of ADSs, by any party depositing or withdrawing shares or by any party surrendering ADSs and/or
to whom ADSs are issued (including, without limitation, issuance