NEWS RELEASE

CLARIFICATION ON CVM INQUIRY
OFFICIAL LETTER SEP GEA-1/Nº 247/2014 AS OF APRIL 24, 2014

Rio de Janeiro, April 25, 2014 - HRT Participações em Petróleo S.A. (the "Company" or "HRT") (BM&FBOVESPA: HRTP3, TSX-V: HRP), hereby presents clarifications, as requested by CVM on the referred Official Letter, regarding the content of the news published by the Valor Econômico newspaper as of 04/23/2014, companies section, under the title "BW Offshore cancels the purchase of a 30% stake in the Polvo Field from HRT" ("BW Offshore cancela compra de 30% do campo de Polvo da HRT").

We refer to the Official Letter/CVM/SEP/GEA-1/Nº 247/2014, whereby this Authority seeks clarifications on the content of the news published by the Valor Econômico newspaper as of 04.23.2014, companies section, under the title "BW Offshore cancels the purchase of a 30% stake in the Polvo Field from HRT".

HRT hereby confirms the termination, due to term expiration, of the non-binding Letter of Intent ("LOI") between the subsidiary HRT O&G Exploração e Produção de Petróleo Ltda. ("HRT O&G") and BW Offshore ("BWO"). The object of the relevant LOI was the discussions to acquire a 30% stake from HRT in the Polvo Field, where HRT currently holds a 60% stake.

These discussions are public, in accordance with news release published by HRT on December 12, 2013.

By the same news release, HRT reported that such discussions were protected by confidentiality agreements, and that in the event such discussions or others resulted in a binding and definitive agreements, after corporate approvals by the parties involved, and by their respective government agencies, such facts would be duly disclosed to the market through the mechanisms defined by the applicable law. As the due date of the LOI expired without reaching an agreement, a news release was not disclosed to the market at that moment.

It is also public that HRT owns an agreement with BWO, owner and operator of the FPSO Polvo until the third quarter of 2015, with an additional option to be renewed for up to the third quarter of 2022.

Click here for the News Release.

For additional information, please contact HRT`s Investor Relations Department.

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