Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 56

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 56
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 of a series, the offering price and other selling terms may from time to time be varied by the underwriters.
The Notes may be offered and sold through certain of the underwriters’ affiliates. The underwriters reserve the right to withdraw,
cancel or modify offers to the public and to reject orders in whole or in part.

The underwriting agreement provides that PGF and Petrobras will indemnify the underwriters against certain liabilities, including liabilities under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and will contribute to payments the underwriters may be required to makein respect of the underwriting agreement.

PGF has been advised by the
underwriters that the underwriters intend to make a market in the Notes as permitted by applicable laws and regulations. The underwriters
are not obligated, however, to make a market in the Notes and any such market-making may be discontinued at any time at the sole discretion
of the underwriters. In addition, such market-making activity will be subject to the limits imposed by the Exchange Act. Accordingly,
no assurance can be given as to the liquidity of, or the development or continuation of trading markets for, the Notes.

In connection with this offering,
the underwriters (or persons acting on their behalf) participating in this offering may engage in transactions that stabilize, maintain
or otherwise affect the price of the Notes. Specifically, the underwriters (or persons acting on their behalf) may bid for and purchase
Notes in the open market to stabilize the price of the Notes. The underwriters (or persons acting on their behalf) may also over-allot
this offering, creating a short position, and may bid for and purchase Notes in the open market to cover the short position. These activities
if carried out, will be carried out with a view to stabilize, maintain and support the market price of the Notes during the stabilization
period above market levels that may otherwise prevail. The underwriters are not required to engage in these activities, and these activities
may not necessarily occur.

Any stabilization action may
begin on or after the date on which adequate public disclosure of the terms of the offer of the Notes is made and, if begun, may be ended
at any time, but it must end no later than 30 days after the date on which the issuer received the proceeds of the issue, or no later
than 60 days after the date of allotment of the Notes, whichever is the earlier. Any stabilization action or over-allotment must