Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 134

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 134
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 of shareholders for the election of our directors or any other matter, or
to exercise any rights whatsoever as a shareholder.

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Unless the applicable prospectus supplement states
otherwise, the exercise price payable and the number of common shares or preferred shares that can be purchased upon the exercise of each
equity warrant (other than equity warrants issued in connection with preemptive rights) will be subject to adjustment in certain events,
including the issuance of a stock dividend to holders of common shares or preferred shares or a stock split, reverse stock split, combination,
subdivision or reclassification of common shares or preferred shares. Instead of adjusting the number of common shares or preferred shares
that can be purchased upon exercise of each equity warrant, we may elect to adjust the number of equity warrants. No adjustments in the
number of shares that can be purchased upon exercise of the equity warrants will be required until cumulative adjustments require an adjustment
of at least 1% of those shares. We may, at our option, reduce the exercise price at any time. We will not issue fractional shares or ADSs
upon exercise of equity warrants, but we will pay the cash value of any fractional shares otherwise issuable.

Notwithstanding the previous paragraph, if there
is a consolidation, merger or sale or conveyance of substantially all of our property, the holder of each outstanding equity warrant will
have the right to the kind and amount of shares and other securities and property (including cash) receivable by a holder of the number
of common shares or preferred shares into which that equity warrant was exercisable immediately prior to the consolidation, merger, sale
or conveyance.

Exercise of Equity Warrants

Unless otherwise provided in the applicable prospectus
supplement, each equity warrant will entitle the holder to purchase a number of equity securities for cash at an exercise price in each
case that will be set forth in, or to be determined as set forth in, the prospectus supplement. Equity warrants may be exercised at any
time up to the close of business on the expiration date specified in the applicable prospectus supplement. After the close of business
on the expiration date or any later date to which we extend the expiration date, unexercised equity warrants will become void. Equity
warrants for the purchase of preferred shares or common shares may be issued in the form of ADSs.

Equity warrants may be exercised as set forth in
the prospectus supplement applicable to the particular equity warrants. Upon delivery of payment of the