Petroleo Brasileiro SA Petrobras (Petrobras) has addressed recent media reports concerning its tolling contract with Unigel. The company confirmed that the contract, signed on December 29, 2023, adheres to Petrobras' governance system and internal approval procedures. The contract's value falls within the approval limit of the responsible executive and has been validated by all necessary internal bodies. Petrobras also clarified that KPMG, its independent auditor since 2017, was not engaged by the Statutory Audit Committee to investigate the Unigel contract, nor did KPMG suggest removing executive officers from the financial statement certification process. The financial statement disclosure schedule remains unchanged. The tolling contract, which is provisional and set for an eight-month term without extension, is part of Petrobras' Strategic Plan 2024-2028 and...Show More

Petroleo Brasileiro SA Petrobras (Petrobras) has addressed recent media reports concerning its tolling contract with Unigel. The company confirmed that the contract, signed on December 29, 2023, adheres to Petrobras' governance system and internal approval procedures. The contract's value falls within the approval limit of the responsible executive and has been validated by all necessary internal bodies. Petrobras also clarified that KPMG, its independent auditor since 2017, was not engaged by the Statutory Audit Committee to investigate the Unigel contract, nor did KPMG suggest removing executive officers from the financial statement certification process. The financial statement disclosure schedule remains unchanged. The tolling contract, which is provisional and set for an eight-month term without extension, is part of Petrobras' Strategic Plan 2024-2028 and aims to ensure the continued operation of its Sergipe and Bahia plants. The contract is also in line with the company's strategy to return to fertilizer production and sales. No disbursements have been made by Petrobras for the tolling operation to date. Both parties intend to develop a sustainable business model for the plants during the contract term. Petrobras is providing all requested clarifications to the Brazilian Federal Court of Accounts and will disclose relevant facts to the market as necessary.