Rio de Janeiro, October 2, 2015 - Petróleo Brasileiro S.A. - Petrobras hereby complies with LETTER BM&FBovespa 3015/2015-SAE, which requests the following clarification:

LETTER BM&FBovespa 3015/2015-SAE

'A news article published in the Valor Econômico newspaper on October 2, 2015 features, among other information, that this company will make investments totaling only US$20 billion of the US$29 billion planned for this year.

We request clarification, until 9:00 a.m. of October 5, 2015, on the contents of the above-mentioned news article, as well as any other information deemed as material. '

Clarification

Petrobras' 2015-2019 Business and Management Plan (PNG 2015-2019) fundamentally aims to deleverage the Company and create value for shareholders. As a result, investments are being made in accordance with these goals.

In addition, in line with capital discipline, the Plan envisages the adoption of measures aimed at optimization and productivity gains to reduce the manageable operating expenses (total costs and expenses, excluding raw material purchase).

When the Company first disclosed its PNG 2015-2019, it informed that it is subject to several risk factors that may adversely impact its projections, including changes in market variables such as oil price and the exchange rate.

Every year Petrobras revises its Business and Management Plan to adjust it to the business environment and any fact deemed as material regarding this subject will be communicated to the market in a timely manner.

distributed by