Company: PBR
Filing Date: 2025-09-03
Form Type: 424B2
Source: 0001104659-25-086714
Chunk: 76

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-03
Form: 424B2
Chunk 76
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 income tax or any other taxes, duties, assessments or governmental charges in Brazil, provided that
such payments are made by PGF with funds held outside of Brazil.

Any capital gains generated
outside Brazil as a result of a transaction between two Non-Resident holders with respect to assets not located in Brazil are generally
not subject to tax in Brazil. If the assets are located in Brazil, then capital gains realized thereon are subject to income tax, according
to Law No. 10,833, enacted on December 29, 2003. Since the Notes will be issued by a legal entity incorporated outside of Brazil
and registered abroad, the Notes should not fall within the definition of assets located in Brazil for purposes of Law No. 10,833,
gains realized on the sale or other disposition of the Notes made outside Brazil by a Non-Resident holder to another Non-Resident should
not be subject to Brazilian taxes. However, considering the general and unclear scope of this legislation and the absence of judicial
guidance in respect thereof, we cannot assure prospective investors that such interpretation of this law will prevail in the courts of
Brazil. If the income tax is deemed to be due, the gains may be subject to income tax in Brazil, effective as from January 1, 2017,
(as confirmed by Declaratory Act No. 3, of April 27, 2016), at progressive rates as follows: (i) 15% for the part of the
gain that does not exceed R$5 million, (ii) 17.5% for the part of the gain that exceeds R$5 million but does not exceed R$10 million,
(iii) 20% for the part of the gain that exceeds R$10 million but does not exceed R$30 million and (iv) 22.5% for the part of
the gain that exceeds R$30 million; or 25.0% if such Non-Resident holder is located in a Low or Nil Tax Jurisdiction as it will be further
detailed below. A lower rate, however, may apply under an applicable tax treaty between Brazil and the country where the Non-Resident
holder has its domicile.

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Payments Made by Petrobras as Guarantor

In the event the issuer fails
to timely pay any due amount, including any payment of principal, interest or any other amount that may be due and payable in respect
of