Rio de Janeiro, October 9, 2015 - Petróleo Brasileiro S.A. - Petrobrás hereby responds to Official Letter 401/2015/CVM/SEP/GEA-1, which requests the following clarifications:

OFFICIAL LETTER no. 401/2015/CVM/SEP/GEA-1

We refer to the news article published on this date in O Globo newspaper, in the Economy, under the title:

'Petrobras plans to sell up to 180 fields that are already in production', which includes, among other matters, the following statements:

In the divestment plan, Petrobras plans to sell up to 180 of its 359 mature fields (in production) in Brazil. Most of them (234) are onshore and a group of mid-sized companies is interested in acquiring those located in Alagoas, Bahia, Espírito Santo, Rio Grande do Norte and Sergipe, where the pace of production fell 6.9% in the last 12 months. The Brazilian Association of Independent Oil and Gas Producers (Abpip) guarantees that its partners may pay up to R$6 billion to the state-owned firm to keep these fields.

The amount will depend on financing conditions and the oil acquisition guarantee by Petrobras' refineries.

In view of the above, we request that you explain if this news article is accurate and, if so, why you did not consider this to be a material fact.'

Clarification

The 2015-2019 Business and Management Plan (PNG 2015-2019) foresees divestments totaling USD 15,1 billion for the years 2015 and 2016, of which 30% from Exploration & Production, 30% from Downstream and 40% from Gas & Power.

The divestment portfolio is dynamic, as development of the transactions is subject to negotiating and market conditions. Therefore, the list of opportunities for sale may change due to market conditions and ongoing analysis of the company's business.

Relevant Facts referred to this matter will be timely disclosed to the market.

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