Petrobras informs that it has approved a Clawback Policy, in compliance with the regulation of the Securities and Exchange Commission and the rule issued under the Manual for Companies Listed on the New York Stock Exchange ("NYSE Clawback Rules"), also applicable to Brazilian issuers that have sponsored American Depositary Receipt (ADR) programs tradable on the NYSE.
The purpose of the clawback policy is to describe the procedure for collecting amounts erroneously paid ("Erroneously Awarded Compensation") to members and former members of the Board of Executive Officers compensated for variable remuneration linked to financial results, in the event of restatement of financial statements, as well as to disclose detailed information to the SEC when its Clawback Policy is triggered due to the restatement of its financial statements.
