Petrobras on Sale of Stake in Braskem

Source: www.gulfoilandgas.com 1/17/2022, Location: South America

Petrobras, following up on the release disclosed on December 16, 2021, informs its shareholders and the market in general that it has applied to register with the Brazilian Securities and Exchange Commission ("CVM"), on 01/14/2022, the request for registration of a public offering for secondary distribution of class "A" preferred shares issued by Braskem S.A. ("Shares" and "Braskem", respectively) and held by Petrobras and NSP Investimentos S.A. - Em Recuperação Judicial, pursuant to article 6th-A of CVM Instruction n. 400, of December 29, 2003, as amended, to be simultaneously distributed (i) in Brazil, and (ii) abroad, in the form of American Depositary Shares ("ADSs"), represented by American Depositary Receipts ("ADRs"), each ADR representing two (2) Shares ("Offering").

In addition, the Company informs that the Notice to the Market and the Preliminary Prospectus of the Offering were published on this date. The application for registration of the Offering is currently under analysis by CVM, and the Offering is subject to its prior approval.

The total number of Shares to be offered by Petrobras under the Offering will be 75,704,061 class A preferred shares of Braskem.


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