19d961c5-a9db-4fbd-a1c6-13bd3a5540c6.pdf ÓLEO E GÁS PARTICIPAÇÕES S.A. - Em Recuperação Judicial CNPJ/MF: 07.957.093/0001-96 Public Company - BOVESPA: OGXP3 OGX PETRÓLEO E GÁS S.A. - Em Recuperação Judicial CNPJ/MF: 08.926.302/0001-05 Public Company - BOVESPA: OGSA3 Notice to the Market - OGpar and OGX clarify legal dispute concerning OSX-3 bondholders - Rio de Janeiro, June 29th, 2016 - Óleo e Gás Participações S.A. - Em Recuperação Judicial ("OGpar") (Bovespa: OGXP3; OTC: OGXPY.PK) and OGX Petróleo e Gás S.A. - Em Recuperação Judicial ("OGX") (Bovespa: OGSA3; OTC: OXPRY.PK) (together, "Companies"), in compliance with CVM Rule No. 358/02 and the recent legal disputes concerning Nordic Trustee ASA ("Nordic") - as representative of holders of the bonds issued by OSX 3 Leasing B.V., inform and clarify to their shareholders and the market the following notice:

On the last Friday, June 24th, 2016, occurred a joint judicial hearing conducted by the Court of Justice Judges from the 4th Bankruptcy Court and the 45th Civil Court of Rio de Janeiro Judicial District, in order to seek a cooperative solution for the dispute between Nordic and the Companies regarding the charter of the FPSO OSX-3 vessel.

During the joint hearing the possibility of an out-of-court settlement was mentioned, having been informed that the negotiations are in the last stages, enabling a real and concrete possibility to close an agreement soon. The parties are committed to report the conclusion of the agreement within 10 days to legal authorities, submitting it for approval or, in case a settlement is not reached, claim its impossibility to the Judiciary Branch, to pronounce its view on the dispute.

In order to minimize potential effects of misleading information by certain communication vehicles, the Companies announce that do not recognize any new legal action taken by Nordic against them.

The Companies will keep its shareholders and the market informed, by the appropriate means, of any further developments on this matter.

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.

Contacts Investors:

Márcia Mainenti

Victor Rosenzvaig ri@ogpar.com.br

+55 21 3916-4545

Media:

Cibele Flores cibele.flores@ogpar.com.br

+55 21 3916-4505

OGX Petróleo e Gás Participações SA published this content on 29 June 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 June 2016 21:25:04 UTC.

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