Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 53

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 53
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 de surveillance du secteur financier); it holds securities for its customers and facilitates the clearance and settlement of securities transactions
among them, and does so through electronic book-entry transfers between the accounts of its customers, thereby eliminating the need for
physical movement of certificates; it provides other services to its customers, including safekeeping, administration, clearance and settlement
of internationally traded securities and lending and borrowing of securities; it interfaces with the domestic markets in over 30 countries
through established depositary and custodial relationships; its customers include worldwide securities brokers and dealers, banks, trust
companies and clearing corporations and may include certain other professional financial intermediaries; its U.S. customers are limited
to securities brokers and dealers and banks; and indirect access to the Clearstream, Luxembourg system is also available to others that
clear through Clearstream, Luxembourg customers or that have custodial relationships with its customers, such as banks, brokers, dealers
and trust companies.

<div align='center'>S-41</div>

Euroclear has advised that:
it is incorporated under the laws of Belgium as a bank and is subject to regulation by the Belgian Banking and Finance Commission (Commission Bancaire et Financière) and the National Bank of Belgium (Banque Nationale de Belgique); it holds securities for its
participants and facilitates the clearance and settlement of securities transactions among them; it does so through simultaneous electronic
book-entry delivery against payments, thereby eliminating the need for physical movement of certificates; it provides other services to
its participants, including credit, custody, lending and borrowing of securities and tri-party collateral management; it interfaces with
the domestic markets of several countries; its customers include banks, including central banks, securities brokers and dealers, banks,
trust companies and clearing corporations and certain other professional financial intermediaries; indirect access to the Euroclear system
is also available to others that clear through Euroclear customers or that have custodial relationships with Euroclear customers; and
all securities in Euroclear are held on a fungible basis, which means that specific certificates are not matched to specific securities
clearance accounts.

Clearance and Settlement Procedures

We understand that investors
that hold their Notes through Clearstream, Luxembourg or Euroclear accounts will follow the settlement procedures that are applicable
to securities in registered form. Notes will be credited to the securities custody accounts of Clearstream, Luxembourg and Euroclear participants
on the business day following the settlement date for value on the settlement date. They will be credited either free of payment or against
payment for value on