Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 85

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 85
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) in PGF; or                                 |

| · | PGF has a Qualifying Interest in such entity; 
 or                                            |

| · | a third party has a Qualifying Interest in both 
 PGF and such entity.                            |

The term “Qualifying
Interest” means a direct or indirectly held interest – either by an entity individually or jointly if an entity is part of
a qualifying unity (kwalificerende eenheid) – that enables such entity or such qualifying unity to exercise a definite influence
over another entity's decisions, such as PGF decisions, and allows it to determine the other entity’s activities (within the meaning
of case law of the European Court of Justice on the right of freedom of establishment (vrijheid van vestiging).

Dutch Gift and Inheritance Taxes

No Dutch gift or inheritance taxes are duein respect of any gift of Notes by, or inheritance of the Notes on the death of a holder,
except if:

| (i) | at the time of the gift or death of the holder, the holder is a resident,                                                        
 or is deemed to be a resident, of the Netherlands or the transfer is otherwise construed as a gift or inheritance made by, or on 
 behalf of, a person who, at the time of the gift or death, is or is deemed to be a resident of the Nether-lands;                 |

| (ii) | the holder dies within 180 days after the date of the gift of the Notes                                                               
 and is not, or not deemed to be, at the time of the gift, but is, or deemed to be, at the time of his or her death, a resident of the 
 Netherlands; or                                                                                                                       |

| (iii) | the gift of the Notes is made under a condition precedent and the 
 holder is a resident.                                             |

For purposes of Dutch gift
and inheritance taxes, among others, a person that holds Dutch nationality will be deemed to be resident in the Netherlands if such person
has been resident in the Netherlands at any time during the 10 years preceding the date of the gift or his/her death. Additionally, for
purposes of Dutch gift tax, among others, a person not holding Dutch nationality will be deemed to be resident in the Netherlands if such
person has been resident in the Netherlands at any time during the 12 months preceding the date of the gift.

Other Taxes and Duties

No other Dutch taxes, including
value-added tax (VAT) and taxes of a