OGX PETRÓLEO E GÁS PARTICIPAÇÕES S.A. CNPJ/MF: 07.957.093/0001-96 Public Company - BOVESPA: OGXP3 - OGX Announces changes on the Board of Directors composition -

Rio de Janeiro, September 2nd, 2014 - Óleo e Gás Participações S.A. - Em Recuperação Judicial ("OGPAR") (Bovespa: OGXP3; OTC: OGXPY.PK) informs the market that Mr. Eliezer Batista da Silva has announced, by letter dated August 31st, 2014 to the Company the resignation of his position as member of OGPAR's Board of Directors, of which he was elected in the General Meeting of Shareholders held on May 2nd, 2014.

LEGAL NOTICE

This document contains Company-related statements and information that reflect the current
vision and/or expectations the Company and its management have regarding its business plan. These include, among others, all forward-looking statements that involve forecasts and projections, indicate or imply results, performance or future achievements, and may contain words such as "believe," "foresee," "expect," "consider," "is likely to result in" or other words or expressions of similar meaning. Such statements are subject to a series of expressive risks, uncertainty and premises. Please be advised that several important factors can cause the actual results to diverge materially from the plans, objectives, expectations, estimations, and intentions expressed in this document. In no event shall the Company or the members of its board, directors, assigns or employees be liable to any third party (including investors) for investment decisions or acts or business carried out based on the information and statements that appear in this presentation, or for indirect damage, lost profit or related issues. The Company does not intend to provide to potential shareholders with a revision of the statements or an analysis of the differences between the statements and the actual results. Each investor must conduct and rely on its own evaluation, including of the associated risks, in making an investment decision.

OGpar Contacts

Investors:
Márcia Mainenti Marianna Sampol ri@ogpar.com.br
+55 21 3916-4545

Media:
Cibele Flores, Cibele.flores@ogpar.com.br
+55 21 3916-4505

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