Rio de Janeiro, January 24, 2017 - Petróleo Brasileiro S.A. - Petrobras informs that its Board of Directors approved the Minority Shareholders Committee Internal Regulations in a meeting held today, to govern this committee's composition and operation as well as the relationship between the committee and other bodies within the company.

As disclosed to the market, the committee was created on October 24, 2016 to monitor the revision process of the Transfer of Rights Agreement. According to the Board's approval held today, this committee's duties will be expanded to advise the Board on a permanent basis with regarding the analysis and recommendations on transactions with related parties involving Petrobras and the Federal Government, its agencies and foundations, that are under the Board's approval.

The committee will be composed of two Board members elected by the minority shareholders and by a third independent member that can be part or not of the Board of Directors, according to criteria defined in Law 13.303/2016. In the case of the Transfer of Rights Agreement revision, the independent member needs to have notorious knowledge in technical-financial analysis of investment projects.

The Committee's Internal Regulations is available on the Internet at the company's website (http://www.petrobras.com.br/ri).

PETROBRAS - Petróleo Brasileiro SA published this content on 24 January 2017 and is solely responsible for the information contained herein.
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