Petrobras informs that the Arbitration Court has issued on July 2, 2015, injunction in relation to arbitration proposed by Petrobras, which discusses the resolution of the National Agency of Petroleum, Natural Gas and Biofuels - ANP that considers the concessions of Baleia Anã, Baleia Azul, Baleia Franca, Cachalote, Caxaréu, Jubarte and Pirambu as a single field as of the second quarter of 2014.

The interim injunction sets forth that Petrobras must deposit quarterly in favor of ANP the disputed amounts related to the special participation. Based on the price of oil and the current production of the field, this amount will be of approximately R$ 350 million per quarter.

The Arbitration Court also ordered the parties to submit: i) the exact calculation of the amounts corresponding to the historical differences of special participation calculated up to the date of the decision; and ii) the proposal to deposit such differences. Although the amount is pending confirmation by the parties, the value estimated by ANP up to date is R$ 2.2 billion.

It is noteworthy that this is a preliminary decision, given that the arbitrators have not decided on the merits of the dispute.

Petrobras informs that it will continue acting steadily in defense of its rights and all facts considered relevant will be timely communicated to the market.