Petrobras Announces Redemption of Three Series of Notes
(World News Brazil)

Rio de Janeiro, Brazil - May 23, 2017 - Petróleo Brasileiro S.A. - Petrobras (`Petrobras`) (NYSE: PBR) announces that its wholly-owned subsidiary Petrobras Global Finance B.V. (`PGF`) has delivered notices of redemption to the holders of the outstanding 2.750% Global Notes due 2018 (`2.750% Notes`), 5.875% Global Notes due 2018 (`5.875% Notes`) and 4.875% Global Notes due 2018 (`4.875% Notes` and, together with the 2.750% Notes and the 5.875% Notes, the `Notes`). Title of Security CUSIP ISIN Common Code Aggregate Principal Amount to be Redeemed 2.750% Global Notes due 2018 N/A XS0982711631 098271163 EUR539,664,000 5.875% Global Notes due 2018 71645WAM3 US71645WAM38 N/A US$545,028,000 4.875%...