Company: PBR
Filing Date: 2025-11-07
Form Type: 6-K
Source: 0001292814-25-003847
Chunk: 23

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-11-07
Form: 6-K
Chunk 23
---
 (formerly Consumidores
Financieros Asociación Civil, "Association") filed a new appeal to the Argentine Supreme Court, which was also denied,
thus the arbitration was sent to the Arbitration Court. This arbitration discusses Petrobras' liability for an alleged loss of market
value of Petrobras' shares in Argentina, as a result of the so-called Lava Jato Operation. The Company does not have elements that allow
it to provide a reliable estimate of the potential loss in this arbitration.

In parallel to such arbitration, the Association
also initiated a collective action before the Civil and Commercial Court of Buenos Aires, in Argentina, with Petrobras appearing spontaneously
on April 10, 2023, within the scope of which it alleges Petrobras' responsibility for an alleged loss of the market value of Petrobras'
securities in Argentina, as a result of allegations made within the scope of Lava Jato Operation and their impact on the Company's financial
statements prior to 2015. Petrobras presented its defense on August 30, 2023. Petrobras denies the allegations presented by the Association
and will defend itself against the accusations made by the author of the class action. The Company does not have elements that allow it
to provide a reliable estimate of the potential loss in this arbitration.

Regarding criminal proceeding in Argentina related
to an alleged fraudulent offer of securities, aggravated by the fact that Petrobras allegedly declared false data in its financial statements
prior to 2015, on September 3, 2025, the lower court recognized the statute of limitations on the criminal action and ordered its dismissal.
The judgment dismissing the criminal action followed the Court of Appeals' decision on April 3, 2025, which overturned the previous decision
to prosecute Petrobras and the previously ordered injunction. On September 10, 2025, the Association filed an appeal against the ruling
dismissing the criminal action, which is still pending judgment. This criminal action is being processed before the Economic Criminal
Court No. 2 of the city of Buenos Aires.

As for the other criminal action for alleged non-compliance
with the obligation to publish a “press release” in the Argentine market about the existence of a class action filed by Consumidores Damnificados Asociación Civil before the Commercial Court, on March 25, 2025, the 1st instance of the Argentine Court closed
the action because it considered that there was no relevant fact that should be reported under local legislation. As there was no appeal