PETROBRAS - PETROLEO BRASILEIRO SA Chief Corporate Affairs officer Clarice Coppetti reported updated holdings of phantom shares tied to PETR3 common shares. Additional phantom shares were credited under the Petrobras Performance Award Program as a result of a dividend payment with record date of April 22, 2026.
The phantom shares are referenced to the PETR3 share price and are settled in cash upon vesting, with the deferred portion vesting in four equal annual instalments. These awards also receive proportional phantom share credits whenever Petrobras pays dividends or interest on equity.
Petróleo Brasileiro S.A. – Petrobras reports that it has chosen not to exercise the preemptive and tag-along rights it held under the existing Braskem shareholders’ agreement with Novonor. Instead, Petrobras has signed a new Braskem shareholders’ agreement with FIP Shine I.
The new agreement is designed to enhance governance and create joint control of Braskem between Petrobras and FIP, requiring consensus on all Board of Directors and General Meeting resolutions and allowing each party to appoint an equal number of directors and executive officers. The agreement will become effective once Braskem implements the necessary measures and the transfer of shares to FIP is completed, and Petrobras and FIP will propose new Braskem bylaws under Braskem’s governance procedures. Petrobras states it maintains a 36.1% interest in Braskem’s total capital, representing 47% of the voting capital, and commits to disclose any material developments.
Petróleo Brasileiro S.A. – Petrobras is notifying investors about the schedule for its first-quarter 2026 disclosures. The company will release its 1Q26 Production and Sales Report on April 30, 2026, and its 1Q26 Financial Results on May 11, 2026, both after markets close.
On May 12, 2026, Petrobras will host a webcast to present its first-quarter 2026 results, in Portuguese with simultaneous English translation. The notice also includes standard cautionary language that the document may contain forecasts subject to risks and uncertainties.
Petróleo Brasileiro S.A. – Petrobras reports that Braskem shareholders Novonor, NSP Investimentos and investment funds managed by Vórtx Capital have executed a judicial share purchase and sale agreement for Braskem common and Class “A” preferred shares, subject to precedent conditions.
Petrobras’ Executive Board is evaluating whether to waive its preemptive and tag-along rights under the current Braskem shareholders’ agreement, consistent with prior Board authorization. Petrobras also received a binding letter from the acquiring fund proposing a new Braskem shareholders’ agreement with balanced governance and equal board and executive appointments, which internal bodies are reviewing.
Petróleo Brasileiro S.A. – Petrobras signed an agreement to acquire a 75% interest and assume operatorship of offshore Block 3 in São Tomé and Príncipe, Africa, from Oranto Petroleum Limited. After completion, the consortium will comprise Petrobras with 75%, Oranto with 15%, and ANP-STP with 10%.
The move reinforces Petrobras’ exploration activities in Africa, supports portfolio diversification, and aligns with its 2026-2030 business plan to replenish oil and gas reserves through new frontiers and partnerships. Closing remains subject to precedent conditions, including governmental and regulatory approvals in São Tomé and Príncipe.
Petróleo Brasileiro S.A. – Petrobras reports that its Annual General Meeting approved the election of eight board members using the cumulative voting process, with seats filled in separate elections by minority holders of common shares, preferred shareholders, employees and the controlling shareholder.
The meeting also set caps on remuneration for the period from April 2026 to March 2027, following guidance from the State-Owned Enterprises Coordination and Governance Secretariat (SEST). Total pay may reach up to R$57,224,724.44 for officers, R$1,458,475.50 for Fiscal Council members, R$3,792,035.58 for the Statutory Audit Committee, R$4,667,120.70 for the Conglomerate’s Statutory Audit Committee and R$2,916,954.00 for other statutory advisory committees.
Petróleo Brasileiro S.A. – Petrobras reports that its Annual General Meeting approved total shareholder remuneration relating to fiscal year 2025 of R$ 41,235,750,000.00, equal to R$ 3.19936420 per outstanding common and preferred share. This amount includes anticipations already paid by March 2026 totaling R$ 33,164,450,734.32 and an additional fourth-quarter 2025 distribution of R$ 8,071,299,265.68. The fourth-quarter portion corresponds to R$ 0.62622908 per share, to be updated by the Selic rate until payment.
For shares traded on B3, the record date is April 22, 2026, with ex-rights trading from April 23, 2026. Considering monetary adjustment up to the record date, the gross amount to be paid is R$ 0.65252818 per share, in two installments, and will continue to be updated by the Selic rate until the payment dates. For ADRs on the NYSE, the record date is April 24, 2026, with payments starting on May 28, 2026 and June 29, 2026. Income tax will apply to the monetary adjustment portion under current legislation.
Petróleo Brasileiro S.A. – Petrobras reports that shareholders holding more than 5% of its common shares have requested use of the cumulative vote system for electing the Board of Directors at the upcoming Annual General Meeting.
The AGM will be held on April 16, 2026, in a partially digital format. Remote voting ballots already allow for cumulative voting, and ballots properly completed and submitted through available channels will be counted in the Board of Directors election.
PETROBRAS - PETROLEO BRASILEIRO SA Chief Commercial Officer Laureano Angelica Garcia Cobas reported small, mixed insider trades in PETR4 shares held by a spouse. On April 2, 2026, the spouse made an open-market purchase of 1,000 PETR4 shares at a convenience-converted price of $9.49 per share, based on a 48.24 BRL price and an exchange rate of 5.1649 BRL per $1.00. On April 1, 2026, the spouse executed an open-market sale of 19 PETR4 shares at a convenience-converted price of $9.09 per share, reflecting a weighted average price of 46.89 BRL and an exchange rate of 5.1600 BRL per $1.00. Following these transactions and an adjustment for seven PETR4 shares that had been inadvertently overreported on a prior Form 3, the spouse’s indirect holdings attributed to Cobas totaled 3,659 PETR4 shares.