Rio de Janeiro, March 27, 2015 - Petróleo Brasileiro S.A. - Petrobras announces that the Annual Shareholders Meeting scheduled for April 29, 2015 will deliberate about the following items:

- Election of Board of Directors members

- Election of Fiscal Council members

As announced on March 12, 20, 25 and 26, 2015, Petrobras has not yet finalized the work of preparing its financial statements for the third quarter of 2014 and the year 2014, for the supervision of the independent auditors and approval by the Audit Committee, Fiscal Council and Board of Directors, for further announcement.

Additional items attributed to the Annual Shareholders Meeting, such as, (i) analyze, discuss and vote on the financial statements and rendering of accounts of managers; (ii) vote on the allocation of the net income of the fiscal year and distribution of dividends related to fiscal year 2014 and; (iii) approve the capital budget related to fiscal year 2015, will be on the agenda of an Extraordinary General Meeting to be held at the earliest possible time.

Petrobras reiterates its firm intention to finalize the work of preparing its financial statements as soon as possible; however there is still no date for completion.

Material facts concerning this matter will be promptly disclosed to the market.

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