Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 64

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 64
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 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 Court rejected the Foundation's
allegations in accordance with Brazilian and Argentine law, which resulted in the rejection of all requests made in favor of shareholders.
With respect to certain bondholders, the Court considered that Petrobras and PGF acted illegally under Luxembourg law, while PGF 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

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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