HRT Participações em Petróleo S.A. informed that, at a meeting of the Board of Directors held on December 20, 2013, the election of Messrs. Edmundo Falcão and Marcello Pacheco is null and void, and that they should cease to be members of the Fiscal Council and be considered as such; Messrs. François Moreau and Oscar Prieto should be suspended until the next shareholder´s meeting.

Additionally, HRT announced to its shareholders and the market in general that it received on December 22nd, 2013, six Letters of Resignation from independent members of the Board of Directors, namely: Messrs. Thomas W. Ebbern, Peter L. O Brien, Joseph P. Ash, François Moreau, Charles Laganá Putz and Oscar Prieto, addressed to the Chairman of the Board of Directors, the CEO and/or the Investor Relations Officer of the company.