Rio de Janeiro, July 21st, 2015 - Petróleo Brasileiro S.A. - Petrobras´ response to Official Letter BM&FBovespa n.º 2379/2015-SAE, as transcribed below:

OFÍCIO n.º 2379/2015-SAE

"According to the news' content broadcasted by Valor Econômico, on 07/21/2015, comprises information that the company analyzes (to make) the IPO initial public offering from Br Distruibuidora in the fourth quarter of this year.

"We request clarification regarding the news' content, as well as other relevant information, as soon as possible, due the 9:00 AM deadline, on 07/22/15."

Clarification

As released on July 1st, 2015, Petrobras Executive Board has authorized the preparation of studies in order to analyze strategic alternatives for Petrobras Distribuidora S.A., its wholly-owned subsidiary

Among the possibilities to be explored, it is attracting a strategic partner and the public offering, making this subsidiary a listed company in a special segment of BM&FBovespa stock market called Novo Mercado - New Market and in compliance with corporate governance practices.

In case of this offering, all necessary acts to the public offering are subjected to approval of Petrobras´ and Petrobras Distribuidora´s internal departments, as well as to analysis and approval of the respective regulatory entities, supervisors and authorities, according to applicable law.

Facts considered relevant on the matter will be timely communicated to the market

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